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  #1  
Old 04-03-2006, 08:51 PM
zuluking zuluking is offline
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Default I\'ve been offered to be staked in the WSOP. Good deal?

Being a "local celebrity" (don't ask), and decent poker player, a local casino has offered to stake me in the WSOP. For the record, I'm going to play in the WSOP this year whether I take this deal or not.

They will pay my entry fee into a $2000 WSOP NL event, cover the airfare, about $400, and hotel for 5 nights, another $600. They'll throw in an additional $300 for food/taxis/etc. Total investment for them is about $3,300.

In return I would give them half of what I win AFTER I take off $10,000 for a main event entry, provided I cash in the $2000 event. Example: If I cash for $40,000, I take off $10,000 and then split the $30,000 with them.

Here's the kicker. IF I cash in the $2,000 event and enter the main event, they automatically get half of anything I cash. Again, they would pay airfare, $400, hotel, $1,200 this time as I might be there 10 days, and $500 for food/etc.

A goot deal?
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  #2  
Old 04-03-2006, 08:58 PM
TheMainEvent TheMainEvent is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

I would take that deal even if they took 100% of my profit.
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  #3  
Old 04-03-2006, 08:59 PM
zuluking zuluking is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

[ QUOTE ]
I would take that deal even if they took 100% of my profit.

[/ QUOTE ]

Har! Really? Why?
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  #4  
Old 04-03-2006, 09:03 PM
TheMainEvent TheMainEvent is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

[ QUOTE ]
[ QUOTE ]
I would take that deal even if they took 100% of my profit.

[/ QUOTE ]

Har! Really? Why?

[/ QUOTE ]

VEGAS BABY

In all seriousness, why not just take the deal and play the 2K Phil Ivey style (build up a huge stack or go broke quick). That way you either get a huge score or they pay for the trip you were going to take anyway and you can still buy into the 10K and keep all your winnings.
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  #5  
Old 04-03-2006, 09:06 PM
Sponger. Sponger. is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

This would be a good deal even if you had the bankroll to buy into this event.
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  #6  
Old 04-03-2006, 09:09 PM
zuluking zuluking is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

[ QUOTE ]
This would be a good deal even if you had the bankroll to buy into this event.

[/ QUOTE ]

If this deal was never offered I was planning to play in the $1,500 NL event on June 27th and then return for the ME in July.
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  #7  
Old 04-03-2006, 09:22 PM
miajag miajag is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

This is an excellent deal for you; there's no reason not to take it unless you think you could negotiate a better arrangement from someone else.
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  #8  
Old 04-03-2006, 09:50 PM
4 High 4 High is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

Sounds like a good deal to me.
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  #9  
Old 04-03-2006, 10:02 PM
icemanjmw icemanjmw is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

Congrats on finding a backer. Take the money and play hard.
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  #10  
Old 04-03-2006, 10:10 PM
waxie waxie is offline
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Default Re: I\'ve been offered to be staked in the WSOP. Good deal?

Why are you a "local celebrity"? Com'on!
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