OT: Do you guys think this is a good staking deal?

[Indiana]

I have an investor from Hong Kong that wants to stake me in the $200 Heads Up matches on stars. Over the course of my life I have a 63% win rate at the $100s over 3 different sites and he knows me pretty well as we've played a lot together at the $50s and $100s. So I wondered if u guys thought that this deal was fair(copied from our agreement):

"Basically I would play the $200s exclusively for a period of time, say a month, and split the profits with you and return you the initial investment. Basically I think that we could do ok with $1500-$2000 investment from you. Within a month I could easily double this money. So lets say that you give me $2000 and I turn it into $4000. Then I would send you back $3000 and keep $1000 for my work."

Does this seem rational? It basically gives me a month to play with no variance, and no risk. I'd earn 1K easily and lots of FPPs. Its not a great deal but I thought I'd agree to it to play for free for a month and make some easy money while playing at a higher level of HU match (one level higher than I'm used to playing).

Thanks-Indy

[wiggs73]

Indy,

Not trying to be snide, but you've made it fairly well known in the past that you are wealthy.

So having said that, wouldn't it be better for you to just invest 2k of your own money and keep 100% of the profits?

[Indiana]

wiggs,

I am not wealthy...I think I mentioned that I had a boat and everybody here teased me. Yes I could invest my own money, BUT, with my own money I'd clearly just pwn the $50s and $100s because its easy money for me wheras with somebody else's money I'd likely play a higher level and improve my game with no risk for me.

[skipperbob]

The "Deal" is fair for both sides....Interesting to know how you will play as a "staked" player....Some people react differently to being staked....Bluefeet felt that it "inhibited" his play to a small degree [img]/images/graemlins/blush.gif[/img]66's played like a DrunkenSailor [img]/images/graemlins/confused.gif[/img]SFB has never been Staked [img]/images/graemlins/frown.gif[/img]

[Indiana]

skip,

actually I thought I'd play better staked as well because somebody else is relying on me and I like to be a good team player in these deals. This is mostly just for fun and development for me, its more about the $$$ for the other guy. Perhaps if this deal works out good and he can make an easy 1K in a month he will continue staking me at the $500s and $1000s even. That is where the real reward would come in.

[MikeMcQ1]

[ QUOTE ]
I mentioned that I had a yaught

[/ QUOTE ]

FYP

You also said you'd earn 1K easily in this post. I agree with wiggs, play it yourself, it's not that big of a jump if your crushing your current level. Either that, or have him stake you for higher levels.

[StregaChess]

[ QUOTE ]

I am not wealthy...I think I mentioned that I had a boat

[/ QUOTE ]

Pretty funny a boat is an anti-wealthy machine.
According to Websters "a boat is a hole in water that you pour money into"
Lots of luck with that....
Agreement looks fair..

[Austiger]

Good luck with the Hong Kong mafia when this goes sour.

[Pasterbator]

[ QUOTE ]
Basically I would play the $200s exclusively for a period of time

[/ QUOTE ]
[ QUOTE ]
Basically I think that we could do ok with $1500-$2000 investment from you

[/ QUOTE ]

lol WHAT?!

Didnt you just go apeshit crazy last week bc you ran so bad at a lower level?!

7-10 buyins... GL

[Indiana]

i hate absolutely every one of you [img]/images/graemlins/grin.gif[/img]