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#1
07-18-2007, 11:50 PM
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Question on structuring a staking deal
I apologize if this is in the wrong forum, but I wasn't sure where to post this and figured I could get some good answers here.
I staked someone to play NLHE. I put up 80% of the money (the other 20% was his own money), and we split the profit 50-50. The stake agreement was for 25K hands, and it is now over. However, both parties are interested in continuing with a staking arrangement. The difference is that only half of the money being put up as the stake bankroll will be mine this time. The length of the agreement would again be for 25K hands. What would a fair profit split be? In other words, let's say I put up $5K and my partner (who will be playing all of the hands) puts up $5K of his own money. What would a fair split of profits be? Also, please explain how you arrived at the percentages. Thanks. 
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#3
07-19-2007, 01:08 AM
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Re: Question on structuring a staking deal
Why don't you just take half of his action?
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#5
07-19-2007, 01:37 AM
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Re: Question on structuring a staking deal
[ QUOTE ]
Why don't you just take half of his action? [/ QUOTE ] This occurred to me also, but it doesn't make sense for him EV wise. Lets say a player has an 8 PTBB winrate at 1-2 and a 6 PTBB winrate at 2-4. Why would he ever let anyone take half of his action at 2-4 if he is already rolled for 1-2? In other words, it seems like taking a percentage of someone's action really only works out for them when they are taking a shot at a particularly juicy game. If you stake someone and put up 100% of the money, it benefits both parties (assuming the one being staked is a winning player). In the case of taking a piece of someone, it really only benefits both parties if the person being staked has a better EV than at the stakes he is already playing. That wouldn't be the case here if I just simply took half of his action. Does this make sense?
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#6
07-19-2007, 02:25 AM
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Re: Question on structuring a staking deal
[ QUOTE ]
[ QUOTE ] Why don't you just take half of his action? [/ QUOTE ] This occurred to me also, but it doesn't make sense for him EV wise. Lets say a player has an 8 PTBB winrate at 1-2 and a 6 PTBB winrate at 2-4. Why would he ever let anyone take half of his action at 2-4 if he is already rolled for 1-2? In other words, it seems like taking a percentage of someone's action really only works out for them when they are taking a shot at a particularly juicy game. If you stake someone and put up 100% of the money, it benefits both parties (assuming the one being staked is a winning player). In the case of taking a piece of someone, it really only benefits both parties if the person being staked has a better EV than at the stakes he is already playing. That wouldn't be the case here if I just simply took half of his action. Does this make sense? [/ QUOTE ] maybe just turn it into a loan with interest being charged for # of hands instead of time.
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