The 5k makeup he owes the other guy disappears.

Hi guys,

Hope I'm posting this in the right section, if not please move it to the right one.

So I had this stalking deal with my buddy and his last session makes it pretty ambiguous. Both of us think the other is wrong so I guess I'm kind of looking for different objective perspectives here.

So we made a 65 / 35 % deal up to 25k. He's keeping 65% of the winnings and I'm keeping 35% of it , until we reach 25k (this is at 2-5)

On his last session, he's 4 buy ins shy to complete the deal. So he won 23K so far.

He starts playing and gets on a heater and manage to win a few buyins. So at one point in the sessions, he actually gets to +4 buyins (2k profit) and reach the 25k of our deal. But then he keeps playing for multiple hours with the same stack and manage to win 4 more buyins.

Now I'm saying that since we started the session under the deal 65% / 35% deal, and he kept playing on it without notifying me of anything, the 4 more buy ins he won should be under the same deal. If he wanted to stop and play on his own money after he won the the first 4 buyins, i believe he should have notify me to tell me that he reached the end of our deal, and from now until the end of the session, he'll be playing on his own money.

But he didnt tell me anything and kept playing. So now I feel like he's totally freerolling me because of the ambiguity of the situation.

At the moment where he's up +2000$ , and don't notifies me that the rest of session is on his own money, everything that he wins , he get to keep it 100%.
If he wins, lets say 2000$ more, but then manage to loose 3000$ after, then he get to say that he won technically 1000$ and that keeps him under our deal of 65% / 35%, because he would have won only 1k in the whole session and that would still be under the 25k mark of our deal. That's the part that I'm absolutly not comfortable with.

Horse : starts playing and wins 2000$. Technically, our deal is over right ? Shouldnt he quit the table at this moment or at least tell me : hey look , Ive reach the end of our deal and i want to continue playing this session, so im on my own now ? Again, if he doesnt tell me anything, hes freerolling.
Case 1: wins 3000$ more in the session, keeps 100% of it under the principle that we have reached the 25k mark at some point in this ongoing session.
Case 2: wins 3000$ more in the session, but then get hit with huge bad beat and loose 4000$. Now he's only up 1k in his session. He quits, and write in his log that he won 1k, and the deal keeps going on for the next session.
So he keeps 100% of wins, but only 35% of losses in this case.


He is saying that once he reach the 25k deal, its over and he gets to keep everything above because we agreed on a dollar amount. I really feel like he's trying to **** me over, but would like your opinions to know if i should feel that way. Our friendship here is kind of on the line.

Thanks a lot in advance

lol at stalking

lol at beginner forum as well

But seriously, I'm with your friend on this one. If you get your 35% of $25K, he has done you right.

+1

to see it any other way is.....bizarre.

+1. I mean, it'd be nice if he would've called you once he hit 25k to let you know he's got all of himself now. But a little disagreement over what should happen with $700 when he's already made you a nice little sum of money, is hardly what I'd call the deal going sour. Talk to him and see if you can work out some kind of compromise if you feel that strongly about it, but don't let this minor disagreement ruin your friendship.

Disagree with you guys. It was never going to end at literally exactly 25k on the dot. It was his responsibility to come to you once he was over the 25k mark and end it before proceeding on his own. That last session (and all sessions played until he came to you to officially end the deal) should all fall under the stake without him contacting you and officially ending the stake. Even if he couldn't reach you and had texted you saying it was done and he's now continuing to play but on his own. That being said, even though you are definitely entitled to your 35%, I'd say you can probably come to some sort of compromise that's fair for both of you since he did well for you and likely wasn't trying to do anything sketchy. He just didn't communicate as well as he should have. Don't let it sour the friendship, come to a fair compromise, and move on from it with both of you having benefited greatly from the deal.

I would never give anybody a 65% deal. Would always give MAXIMUM 60% to anybody. I gave this guy an extra 5% of the deal just because he is my friend and because i want to see him do good. I think i did my part already in the name of friendship ... that is not to mention all the beer and food i paid this guy, again, in the name of friendship. He benefited a lot out of this, way more than i did.

it was a ******ed deal in the first place tbf. Why didn't you anticipate this and come to terms beforehand? This is the only way it could have ended...
My advice is fight the greed that's eating you and be happy with 35% of 25k (which is what you wanted in the first place). Preserve friendship. If you stop being friends you'll remember it with bitterness for a long time I imagine. On the other hand if you do what people suggested chances are you won't even be thinking of this in couple weeks' time.

@conflicted: you make it sound like you give staking deals regularly (would give max 60% to anybody, but here its a friend etc).

if thats the case, then how come that there is anything "ambigious" in the first place. shouldnt u have a form or something that u have used in the past to prevent any tricky situations?

one could easily argue that the "reaching 25k" would be checked at the end of each session. during a session you want to concentrate on your A game, not if u reach a threshold etc

the way you described it, stop being a b1tch. he honored the agreement and paid you already a bunch of money (aslong as he is paying the 35% of the 25k). you are just greedy

I think the main culprit here is the ambiguity of the deal, and that's on both of you. In fact, if you are staking people on a regular basis, I'd say that's more on you.

But also, if you are friends, why are you assuming you are being freerolled? Doesn't seem like much of a friendship if you're assuming that had he lost after he hit $25 K, he would have included that in the split.

the stuff you are saying he is being a bitch for goes both ways.

I agree with Tyman.

You gave your buddy a sweetheart deal, and now he's arguing with you over a few bones?

I'd instantly reconsider if he was really someone that I'd call my 'buddy'.

Okay,

I read through the entire original sticky post and am interested in obtaining a backer. However, I do not have the history to show, I do have my own bankroll but probably not significant enough to add much credibility to me.

So, obviously I will not get looks from a backer yet and that's cool. I do wish to ask though... what things exactly should I be doing NOW so that I can come back in 6 months or a year to ask for the next step and/or a staking deal ?

Thanks very much!

Not sure what you mean by the bankroll adding credibility. Would have thought you meant that you are up money and built the bankroll but you said no history to show so not really sure. The things you should be doing now are mainly grinding whatever stakes you can afford and show that you are a winning player at those games. You should also be spending time watching videos/working on your game. In the meantime you can also apply to stables if you want but most likely you won't have much luck without any results to show. Making some friends in the community and having references and a history of trustworthiness is also very important. gl.

Thanks for replying Tyman9,

I just meant that I do have a bankroll on some sites and I guess I was trying to communicate that I'm not broke and in need of a stake to get back rolling, etc.

As far as videos go I have a ton downloaded ...mainly PLO vids as that is my game of choice. You made mention too that a suggestion would be to grind whatever stakes I can afford and then be able to show I am a winning player at those games.

Question. Did you mean grinding cash games or tournaments or either ? I know my PT4 will allow me to submit whatever data the Investor would like to see.

Also, what is stables ?

Thanks Tyman !

either. play whichever format you like the most and that gives you the best opportunity to make money.

stables are just organizations that back a group of players.

Thanks Tyman9

Why can I not post a new thread in this forum yet? I've been a member for 6 god damn years goddamn it

It says in the forum how to post. Go read the threads.

I'm sorry if this is the wrong place to post but I've only been a member of 2+2 for about a year and although I've read a lot of forums here I haven't posted much and I don't know how to PM a mod. I realize now that I am not allowed to start a thread of my own until I post more and now that I am supporting myself through playing poker full time now I will be much more active on 2+2. I play mostly online in NJ, that's how I've built my bankroll and I never needed a backer but now that I want to start playing a lot more live events I want to either sell pieces or start with a full backing deal so I can exercise proper bankroll management. I have a profile on P5's and jsut started selling action there but I want to get more involved here on 2+2. So my question is how/when can I start making my own thread? Specifically to find some staking/backing?

hi, i need some advice. is it possible to get staked when you have a minimal online presence on 2+2 or other forums? this is my first post, will i need to be a long time member or have many posts under my name in order to be considered for staking?

i have played around 9000 tourneys on stars playing small stakes as lsdwipeout. winnings of about 29,000 with about 7500 profit, average buyin about 2.30

i have years rated 98.5% for all stake levels (OPR) and ratings of over 99% in bronze level stakes on OPR (from 1 - 5 dollar buyin)

i have allot of time on my hands and will be working on stars flat out, i will be playing as lsdwipeout and can guarantee a profit in a long term arrangement for small stakes tourneys. i usually only buyin about 0.3% - 0.5% of whole roll


http://www.officialpokerrankings.com...F5B61.html?t=2

Could somebody who has backed players before run me through some of the lessons they wished they had learned sooner. I want to start staking other players and was wondering what I should be cautious of, as well the general way the contracts run, I understand the splits and such just not the general amount somebody should invest for a certain stake (how many buy-ins and such) and how long it usually takes to get the return.

Staking From the US

Curious of any experience, advice, ideas those who may have done this have. I am considering it, though it poses many challenges. Are there any groups that currently do this?

I am a working professional as well as have a business that does well in it's own right. Calculated risk is something that I am comfortable.

Funding options seem to be Venmo / PP / BC.