Staking arrangements for STTs - Page 2

futuredoc85 · #11 10-22-2006, 01:22 AM

[ QUOTE ]
[ QUOTE ]
16 tables with ease but only plays 100 a week?

100 a day you mean?

[/ QUOTE ]

No... he's just really lazy. He prob ranges from 0 - 300 a week, but averages 100. This is rough estimate though.

Anyways, to those mentioning it, explain how payback works?

[/ QUOTE ]

like if you ship him 3k, after he plays the set # of tourneys he ships you back 3k + X% of profits beyond that. you eat his losses if any.

Misfire · #12 10-22-2006, 01:37 AM

[ QUOTE ]
like if you ship him 3k, after he plays the set # of tourneys he ships you back 3k + X% of profits beyond that. you eat his losses if any.

[/ QUOTE ]

I was under the impression that payback required the original stake be paid back even if there's a loss. Remember the gauchofish kerfuffle?

futuredoc85 · #13 10-22-2006, 01:40 AM

[ QUOTE ]
[ QUOTE ]
like if you ship him 3k, after he plays the set # of tourneys he ships you back 3k + X% of profits beyond that. you eat his losses if any.

[/ QUOTE ]

I was under the impression that payback required the original stake be paid back even if there's a loss. Remember the gauchofish kerfuffle?

[/ QUOTE ]

yeah whoops i dont know why i typed "you eat" when i was thinking "he eats"

blackize · #14 10-22-2006, 01:50 AM

Traditional staking agreement has the backer eating the losses.

Velocity · #15 10-22-2006, 02:00 AM

You ship him 3k to play the 60s. After he plays 500 in a month, he pays you back the 3k plus 25% of his profits. If he loses, you eat the loss.

Mythra · #16 10-22-2006, 02:09 AM

I'm currently staked, we split the profit 50/50 and he eats the loss.

Ansky · #17 10-23-2006, 07:42 AM

Thanks for the replies. Maybe I'll update how it went when it's over.

GooseHinson · #18 10-23-2006, 08:43 AM

A fair way to do this would be to make him liable for say 25% of his losses, and 35% of his winnings (or another %). IE he makes 3k over 500 sngs, he keeps 1050, you get original stake +1950. He loses 3k, he owes you 750 and you eat the 2250.

snakekilla88 · #19 10-23-2006, 09:32 AM

dont stake its -ev

IcyHotMonkey · #20 10-23-2006, 09:35 AM

I used to have the 50/50 staking arrangement but it is unfair to the backer. We concluded upon winning off a 3k stake, the backer would get his original investment plus $1500. After that profit is split 50/50.
Or
Backer gets his initial investment and profit is split 75/25 for the first $3k profit, and then moves to a 50/50 split.