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  #1  
Old 11-26-2007, 07:44 PM
mntbikr15 mntbikr15 is offline
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Posts: 1,862
Default Staking Question

Not really sure where to post this...so Ill go where Im a little known.

Im thinking about staking a cash game player.

Whats the standard profit split these days? 50/50?

Does it change based on his proven winrate?

Thanks,
Evan
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  #2  
Old 11-26-2007, 08:03 PM
johnnyrocket johnnyrocket is offline
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Default Re: Staking Question

i mean its tough, if u stake a friend 50 and they hit 150 they will try giving u 100 and keep their 50 right away. You need to set a certain amount he hits til he pays u off or a certain amount of hands or something
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  #3  
Old 11-26-2007, 08:52 PM
Keepitsimple Keepitsimple is offline
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Default Re: Staking Question

Hi,

If you know matlab you could check out this. There are probably a couple of wrongs since its the first time I do this:

%h=number of hands the stake is over
%s=standard deviation in BB/100
%w=assumed winrate of stakee
%r=stake amount
%percent= % you take

function ror(h,s,w,r,percent)

result=zeros(1000,1);
org=r;

for p=1:100000
for i=1:h/100
r=r+s*randn(1)+w; %randn gives numbers normally distributed around 0.
if r<=0
r=0;
break
end
end
if r>=org
result(p)=(r-org)*percent;
else
result(p)=r-org;
end
r=org;
end
result=sum(result)/100000

%%%%%%%%%%
I plugged in some sample numbers and ran it

ror(10000,30,2,200,0.5) => 57
ror(10000,30,1,200,0.5) => 3
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  #4  
Old 11-26-2007, 08:53 PM
PokerBob PokerBob is offline
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Location: moneyhater
Posts: 17,046
Default Re: Staking Question

[ QUOTE ]
Not really sure where to post this...so Ill go where Im a little known.

Im thinking about staking a cash game player.

Whats the standard profit split these days? 50/50?

Does it change based on his proven winrate?

Thanks,
Evan

[/ QUOTE ]
depends. stakes. duration. trust. many factors.
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  #5  
Old 11-26-2007, 09:22 PM
mntbikr15 mntbikr15 is offline
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Join Date: May 2004
Posts: 1,862
Default Re: Staking Question

Seems more to consider then I first thought.

Keep,

Where do I find StdDev?

Edit-Found it
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  #6  
Old 11-26-2007, 09:30 PM
mntbikr15 mntbikr15 is offline
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Join Date: May 2004
Posts: 1,862
Default Re: Staking Question

Hmmm, thought I had it when I glanced at it...but now I guess I dont.

What do the 57 and the 3 represent?

Im not a math guy and add that to being dog tired and Im just braindead
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  #7  
Old 11-26-2007, 09:45 PM
Keepitsimple Keepitsimple is offline
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Location: Göteborg
Posts: 3,368
Default Re: Staking Question

[ QUOTE ]
Hmmm, thought I had it when I glanced at it...but now I guess I dont.

What do the 57 and the 3 represent?

Im not a math guy and add that to being dog tired and Im just braindead

[/ QUOTE ]
It should mean that you make 57BB or 3BB. But its late here too and I have never done these types of calcs before so its very possible I have done some sort of logical error. Its ofc also VERY questionable if the results are normally distributed over so small samples..
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  #8  
Old 11-27-2007, 12:24 AM
admiralfluff admiralfluff is offline
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Join Date: Jan 2005
Posts: 1,742
Default Re: Staking Question

Keepitsimple,

This looks correct, and is an extremely useful tool for anyone considering a staking arrangement.
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  #9  
Old 11-27-2007, 01:48 AM
bugstud bugstud is offline
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Posts: 10,151
Default Re: Staking Question

yeah this is super variable. proven wr for higher/lower levels, rb, bonuses, amount of play...duration of stake, etc.
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  #10  
Old 11-27-2007, 02:55 PM
mntbikr15 mntbikr15 is offline
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Join Date: May 2004
Posts: 1,862
Default Re: Staking Question

Keep,

I cant figure how to do it myself or I would, but would you(or someone else well versed in these things) run the following.

10000,14,2,15000,0.5

10000,14,1,15000,0.5

30000,14,2,15000,0.5

30000,14,1,15000,0.5

This isnt LHE, its razz..so no the 14 StdDev isnt a typo.
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