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Old 10-16-2011, 02:38 PM   #1531
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Hello, this is my first post on the site and had a question about a staking situation I am in. My buddy moved down to AZ 3 months ago and lives with me. We both play, primarily 2/3 NL and live MTTs. Throughout the 3 months, he is in for ~3k in MU to me. This includes primarily buyins, but also an electric bill and a month of rent. Yesterday, he spiked a live MTT for $6500. When factoring payouts and MU, he thinks that we should take out the 3k in MU right away and chop the remaining $3500. Having kept detailed records of everything he is in debt for, I disagree, thinking that we should only take out 2k for MU (about the amount of buyins) and leave the remaining $1000 he owes me from non-poker expenses up to him to payout. I think we should be chopping 4500 and he would still owe me $1000, but he thinks we should just be chopping $3500 and be even. I see this as myself paying twice for rent/utilities/non-poker expenses. Can somebody please advise as to the proper way to figure this out. Thank you very much
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Old 10-16-2011, 04:39 PM   #1532
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Quote:
Originally Posted by Bren View Post
It's not a debt. If the stake at a loss you play until it's in profit before any chop can be made.

For example:

Day 1 you lose $100, on the 2nd you win $500.

Your cut is $200 because you had $100 worth of makeup to clear.
yeah, i understand that. but what if i lose $100 the first day, he decides to stake me again so i can pay what i owed him and then i lose again?
it's up to him to decide if it's time to stop and handle the losses or i still have to play as long as he wants me to pay the make ups back?
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Old 10-17-2011, 06:09 PM   #1533
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Quote:
Originally Posted by KansasCT View Post
yeah, i understand that. but what if i lose $100 the first day, he decides to stake me again so i can pay what i owed him and then i lose again?
it's up to him to decide if it's time to stop and handle the losses or i still have to play as long as he wants me to pay the make ups back?
Staking is rarely done on a day by day basis. I just put it that way to make it easier to understand. Typically you're playing indefinitely or for a set amount of games/time.

In your example if you agreed to a one day deal then you can walk if not then yeah you should keep grinding till profit.
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Old 10-18-2011, 08:02 AM   #1534
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Need advice...

I have a live cash game ($5/10 nlhe) backer at my local casino. He is also a supervisor at my job and has always been a very pleasant person, never once expressing anger, annoyance, or disapproval. He is a consistent winner in the $5/10NL at my local casino. He has played poker for 20+ years and is deeply familiar with it.

To keep it short, I'll just say this: My backer has never sweated me and I am still constantly amazed that he backs me without at least watching how I play for a session. We talk poker and such, but not enough for him to accurately determine my capabilities. We've played only once together and only for a few hours. He has probably seen me win frequently at the $1/2 and $2/3 NLHE games, but $5/10 is a different game and he knows this.

Needless to say, this is an incredible opportunity for me as a person. I get to play in a game that is WAY outside my bankroll. I've had wins that were bigger than my paycheck with no risk involved.

So far he has backed me in any 5/10nl game I've wanted to play. Literally I could say, "Hey can I play in that game?" and he would put me in, even if half the table were regulars. If he finished a session and saw me around, he would ask if I wanted to sit in the game he just left. This 5/10 game isnt super hard, but I am still surprised by the freedom I've been given in game selection (aka infinite freedom).

We agreed to split profits 50/50. When I was -$2000 I had a small win and received a 40/60 split. Now, after my sixth session with this backer, I am currently -$4200 with him. (I usually buy-in for $2k btw.) So my question is - what is a standard fair profit split at this point? Given the trust and freedom this backer has given me, would it be a crazy idea to do a 0/100 split until I makeup my losses?

Any advice or words of wisdom would be great... this is my first backing/staking experience and I want to make the most of it.
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Old 10-18-2011, 03:21 PM   #1535
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

He gets 100% until you're even, anything else is him being generous.
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Old 10-23-2011, 09:22 AM   #1536
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Sup everyone i got a quick question.

I am being currently staked for a MTT package (1000$ avg BI ~5$ SB Deal 75(him)/25(me) )

My question is this i got a decent ITM Rate 16% lifetime (18% for this staking ~150games) but im having problems to assess my ROI due to small SS 600+ games maybe.

Is My Cut justified, because i was planning to get restaked for a little more this time 2000$ meaning more games(same guy), less variance and i was thinking if a better cut is appropriate ? (i was thinking 70/30 or 65/35) The staker and me r cool, good communication, no risks of scamming and i could easily see me doing this longterm .

Please let me know what u think is a good Deal and/or what is a fair Deal or what is standart ?

thx in advance
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Old 10-31-2011, 02:09 PM   #1537
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Sorry if this has already been covered.

I was backed for online/live, and will be relocating to play online soon. I have around 6k makeup and am grinding on Merge til I move to reduce that figure even further. My backer and I agreed to give me the rakeback/bonuses til I've cleared makeup so I can have some sort of income, but Im wondering if I should be requesting that my relocation costs (airfare, cab ride, general moving costs etc) should be deducted from my makeup? We have a good relationship and I think I want to playing under the stake even after clearing the makeup. My relocation costs should be under $1k.

I'm not out to nickle and dime for every penny I can get; I just want to get what is fair so I have the best chance at succeeding and subsequently making money for both of us for the forseeable future.
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Old 10-31-2011, 03:41 PM   #1538
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

I'm pathetic and regularly get banned for begging on 2+2, will you please ban me again?


Pokerstars (locked) and Party sn: EddyBoss1

Mod note: why, since you asked nicely, yes I will. Happy to help.

Last edited by D.S.; 10-31-2011 at 07:54 PM.
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Old 11-04-2011, 09:02 PM   #1539
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Hey,
My friend and I had a staking question. With online poker gone, weíve both started playing live a little more often. Since the games are slightly bigger than what we play online, and neither of us puts in that many hands, we decided to take half of each otherís action in all games. If I win $500, I give him $250, if I lose $500, he pays me $250. We split all jackpots evenly. The exception is that you have a frequent player card where you get $1 back for every hour of tracked play. Weíve decided that this money shouldn't be divided since you get slightly better deals if you use the card on food at the casino, and it didnít make sense for us to pay for each otherís meals.

Anyways, the casino is having their monthly free roll tournament where you get a certain number of chips based on the amount of time youíve played over the last month. Neither of us has ever gone to the freeroll tournament before, but I figured Iíd go and give it a try this weekend. My friend started law school in late September and thus hasnít played much at all the past month. Our question is how we should divide up any tournament winnings? On the one hand, by taking half of my action, heís been paying the rake that goes towards the prize pool. Of course, If I just decided to not play the tournament, as has been the custom in the past, heíd be no worse off than if I did play and kept all of my winnings. Weíre unsure of whatís the best way to divide up any winnings from the tournament.
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Old 11-08-2011, 06:42 PM   #1540
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1:1 Equity Stake

So I have a friend of a friend whom I have not met, only talked to on the phone, and he is willing to buy my action for a 1:1 equity stake in 1/2NLH. The guy grinds 5/10NL and 10/20NL in the casinos around for a living. He does the same equity stake for my two friends that play often and tend to make money for him and themselves. He said he'll put up half and I put up half. If i win, I keep half. If I lose, I pay back half. Simple enough... MY QUESTION IS, because I don't really have a bankroll right now, would putting up 60% or more would be a better idea??? That way if I lose, I don't have to pay back as much?? I don't think that the guy would give me more than 1:1 mainly because he doesn't do that with his friends that have been playing for him for months, and I don't even know him. I believe I am a good enough player to beat the game as long as I play more. The problem is that I've had bankroll issues due to bills and have been unable to play so my variance is super high. I'm not very knowledgeable in stakes and buying action so if someone is more familiar with this sort of deal, please help me out. Keep in mind that I don't know the guy that well. I want this deal to be fair to us both.

Thank you for your help.
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Old 11-08-2011, 07:00 PM   #1541
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

I have a small stable that is there mainly for the sweat.

One of my friends wants to buy in to the stable.

The team is doing well but most of the equity is in makeup.

Any suggestions on how to put a value on a backing business?

The team is about a year old so it is the perfect time to calculate a value.

Since makeup sells at 50% give or take would it be makeup x 50% x multiplier+ cash on hand?

I canít just say hey we have xxx in cash and xxx in makeup and you can buy 10% for xxx since if the team needs a reload I would be liable for the reload.

I was thinking makeup x 50% x 5 + cash = value.

Then the other problem is what happens if Tilt pays? I guess the best way to approach that is he doesn't stand to gain or lose, that money is just mine if it comes back.

Also I have players who are on hold until/if online comes back. Would you put a value on that makeup, it obviously can't be 50% but if they want that action if it comes back there has to be some value right?
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Old 11-13-2011, 10:08 AM   #1542
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Quote:
Originally Posted by CBorders View Post
Sorry if this has already been covered.

I was backed for online/live, and will be relocating to play online soon. I have around 6k makeup and am grinding on Merge til I move to reduce that figure even further. My backer and I agreed to give me the rakeback/bonuses til I've cleared makeup so I can have some sort of income, but Im wondering if I should be requesting that my relocation costs (airfare, cab ride, general moving costs etc) should be deducted from my makeup? We have a good relationship and I think I want to playing under the stake even after clearing the makeup. My relocation costs should be under $1k.

I'm not out to nickle and dime for every penny I can get; I just want to get what is fair so I have the best chance at succeeding and subsequently making money for both of us for the forseeable future.
Bump
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Old 11-14-2011, 09:22 AM   #1543
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

Hello all,

i'm a poker player from Vietnam (as you can see there are lots of top pro from Vietnam: Men "the master" Nguyen, Scotty Nguyen, John Phan v.v...). My name is Nguyen Pham Nam, Now i'm playing poker at Pokerstars with nickname: PreflopAA412.
I'm looking a backer who can invest $50k in online tournaments. I want to build that bankroll up to $1M within 4 months. I'm going to play Sunday Millions week by week. After i win two Sunday Million tournaments, i will change to play Ring game head up.
If you are interesting in my plan you can contact me via Skype: oneme1w or phone: 84943110147. believe in me, i will be the next champion of WSOP main event next year.
http://pokerprolabs.com/preflopAA412/PokerStars

Thanks and best regards.
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Old 11-14-2011, 02:24 PM   #1544
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

You are a thief who stole money from PTP, you can invest your own time in paying back the money here http://forum.parttimepoker.com/repor...-dns-gear.html and here http://forum.parttimepoker.com/repor...autionary.html or getting banned on 2+2.
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Old 11-21-2011, 01:03 PM   #1545
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Re: ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

hey, I would appreciate if anyone can give me some advice in this situation. I had a 3 month staking deal which started in july with a guy who is well-known in another poker forum. I haven't met him IRL before but I know who he is and where he lives etc. Anyway, I gave him a $2000 bank roll to start with and made clear which stakes he could play and so on, he was supposed to withdraw once every month and then we would split 60-40 to him, standard make up deal. First month he won $1900 and gave me my share, I allowed him to move up in stakes and play one level higher for the month after. He won around $5000 that month and when he was supposed to send me my share he disappeared and I had not heard from him until last week when a friend of mine who knows him finally managed to convince him to have a meeting with me.

He told me he cashed out all the money because he had "personal problems" and then cashed in the money on another poker client and lost every dollar. He sent $300 to me yesterday, he told me thats every money he had left and he thinks we are even now. I'm not sure what I'm supposed to do now, the stake deal was only for that particular poker client and when he decided to withdraw the money and lost in on another network he broke our deal, and I have not got any evidence if its actually true that he has lost all the money, he gives me no graphs from hold'em manager. So, he has cashed out and won $6900, that is $8900 with my bank roll, and from that money he has sent 760+300= $1060 back to me.

anyone has any advice bout what I should do in this situation?

Last edited by solsken; 11-21-2011 at 01:11 PM.
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