backing

[SplawnDarts]

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500% ROI players don't need staking.

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Sure they do. Proof by example: Stu Ungar. He was a 1000%+ ROI tournament player and regularly played on a stake.

2nd proof by example: TJ, back when he was winning everything in sight.

[Statutory]

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500% ROI players don't need staking.

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Sure they do. Proof by example: Stu Ungar. He was a 1000%+ ROI tournament player and regularly played on a stake.

2nd proof by example: TJ, back when he was winning everything in sight.

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Woopty [censored] doo! I think my statement is 99% accurate.

[technologic]

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2+2 should have a sticky or an article on backing. The problems that Thunder Keller's deal with Scott Fishman caused him are illustrative that a young player, no matter how bright, doesn't know the in's and out's of staking deals that veterans have learned through sorry experience.

Personally I would never stake anyone 100%, they would have to have a reasonable amount of their money at risk.

And I don't understand how you get from 2000 in EV to 200 in EV with a 30% tax rate. Shouldn't it be 1400 in EV?

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well if you win 10k, you get taxed 3k, so you win 7k 60% of time and lose 10k 40% of time which comes out to be 4200 - 4000 = 200.

[[Phill]]

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2+2 should have a sticky or an article on backing. The problems that Thunder Keller's deal with Scott Fishman caused him are illustrative that a young player, no matter how bright, doesn't know the in's and out's of staking deals that veterans have learned through sorry experience.

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Anyone got a link to further details.

And fwiw until Sunday i had a staking agreement with john kane where he got 30% of the profit. If you work it out right, including loopholes like only ending a deal when its in profit for the staker and where there is large confidence in the horse then there is no reason it cant be really profitable whilst having a pretty large offset from what is considered normal.

But generally i agree that you should look at staking arrangments like any other business deal. It took a couple permutations until we came to that final set up but it certainly worked for both of us.

[Derek123]

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[ QUOTE ]
2+2 should have a sticky or an article on backing. The problems that Thunder Keller's deal with Scott Fishman caused him are illustrative that a young player, no matter how bright, doesn't know the in's and out's of staking deals that veterans have learned through sorry experience.

Personally I would never stake anyone 100%, they would have to have a reasonable amount of their money at risk.

And I don't understand how you get from 2000 in EV to 200 in EV with a 30% tax rate. Shouldn't it be 1400 in EV?

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well if you win 10k, you get taxed 3k, so you win 7k 60% of time and lose 10k 40% of time which comes out to be 4200 - 4000 = 200.

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Assuming you are a winning gambler otherwise, you will be able to deduct the 10k in loses which will save you on taxes. So you win 7k 60% and lose 7k 40% which is 1400EV. If it is a one time deal for someone who wont have any gambling winnings during the year your calc would be right.