60k "Staking" dispute

[selurah]

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You'd think that when you are lending an entire year's salary for an average worker to someone, you'd, you know, ACTUALLY figure out the details and crap.

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Yeah and you should also know the guy well in real life. IMO, loaning out money or staking people that you only know through the internet is real damn stupid. It seems like one of these stories pops up every few months yet people just continue to get screwed. Blows my mind.

[secader2]

whats the big deal if this was play money

[PurpleLight]

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what part of

him: stake me and I'll provide makeup if I lose
him: that way it's 100% no loss for you

is unclear? obviously he owes you 60K.

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Probably in the spot where he says he'll provide make up in a staking situation if he loses rather then saying if he loses the loaned money he'll pay it back.

[HP]

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If you stake a winning player and you have an infinite bankroll, and you have them for make up, in the long run, it is 100% risk free according to fundamental and basic poker logic, as a winning player, if kept in the game, will win money in less than infinity years.

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[TheWorstPlayer]

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what part of

him: stake me and I'll provide makeup if I lose
him: that way it's 100% no loss for you

is unclear? obviously he owes you 60K.

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Probably in the spot where he says he'll provide make up in a staking situation if he loses rather then saying if he loses the loaned money he'll pay it back.

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Huh? Your post makes absolutely no sense buddy. You're saying if it's a staking deal he WILL pay it back but if it's a loan he WON'T? That's 100% backwards. And he clearly says that he'll pay back in the staking deal. So he's paying back either way. You obviously can't not pay it back if it's a LOAN. And here he clearly says he'll pay it back if it's a STAKE. So he obviously owes the money.

[greg nice]

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what part of

him: stake me and I'll provide makeup if I lose
him: that way it's 100% no loss for you

is unclear? obviously he owes you 60K.

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Probably in the spot where he says he'll provide make up in a staking situation if he loses rather then saying if he loses the loaned money he'll pay it back.

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yea

TWP, see my 2nd post in thread also. im not familiar with all these arrangements, and apparently neither are you, if BoostedJ's post defines these terms accurately

[PurpleLight]

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what part of

him: stake me and I'll provide makeup if I lose
him: that way it's 100% no loss for you

is unclear? obviously he owes you 60K.

[/ QUOTE ]

Probably in the spot where he says he'll provide make up in a staking situation if he loses rather then saying if he loses the loaned money he'll pay it back.

[/ QUOTE ]
Huh? Your post makes absolutely no sense buddy. You're saying if it's a staking deal he WILL pay it back but if it's a loan he WON'T? That's 100% backwards. And he clearly says that he'll pay back in the staking deal. So he's paying back either way. You obviously can't not pay it back if it's a LOAN. And here he clearly says he'll pay it back if it's a STAKE. So he obviously owes the money.

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What the [censored] are you talking about. Who would *ever* ask for a loan, give 50% of their profits if they win and 100% payback if they lose?

Clearly they're talking about a stake and not a loan so if he says "I'll give you makeup" it would by common [censored] sense imply that he'll win the money back on the same stake.

[HP]

Sounds like I'm wrong here, OP is not owed money, but I'm still confused as to why villain said:

100% no loss

[aislephive]

The way OP made this post DOES make his stake look like he is in the wrong here, but it's clear he is not after you consider everything.

Since Yoguh denied him "makeup," which HE agreed to in the OP, his stake is not responsible for paying him back.

[greg nice]

yea aislephive i think i get it

so if OP wants his money back, he needs to keep staking the guy until the 60k is made back