Backing Deal....AGAIN......help!

[GoodOL]

A player in the top 20% of the field enters a $10K LIMIT WPT event and receives $5K from an investor. This player wins a million dollars. What should the investor receive (player pays all expenses)?

I'm thinking somewhere between $325K and $500K but that's a big range. Anyone here have experience with such deals....?

[grandgnu]

I'd offer him 40% and see what he thinks. You have to pay half the fee, play (i.e. spend all that time) and pay other expenses.

40% sounds fair to me, perhaps even just 35%, although he might feel you're trying to cheat him with that offer and get ticked and want 50%. So the extra 5% is worth it.

[NHFunkii]

not sure why limit is relevant here, but...

OBVIOUSLY you should establish this before the deal. A good idea is to have a fixed % with bonuses for doing better. Whatever they agree on.

[grandgnu]

Do we get a piece of ya for providing our services/advice on this matter? I would think 2% would be fair.......

[GoodOL]

The edge that top players have in limit tournaments is less than the edge of the top players in NL tournaments.