I know the guy reasonably well and we get along and trust each other. There's a game I want to play that's beyond my bankroll. It's in a room where people know both of us as semi-regs.

He offered to put up $X and I put up the same for me to play in the game. If I win I take 60% of profit and he takes 40%, if I lose we share losses evenly. He says "don't play any different just because it's my money." Our combined bankroll for me to play this game represents only a few buyins. This is a high variance game where I am a small favorite.

I've never been staked if that's even what this is called, and I want to prepare for any surprises down the road. What should I add to the agreement to make it fair for both of us?

The only scenario I can think to add is me getting out. Eventually I want to go 100% on my own in this game assuming I'm ready. I'd settle any outstanding money issues with him then I'd walk away from the arrangement.

High variance, small bankroll, wants to be prepared for any surprises... The answer to that is there is nothing you can add to the agreement -- you shouldn't play at this level unless you and your friend have $x to lose.

This particular game and lineup is not available at lower stakes. Either I play it with shared BR or not at all. Since I am a small favorite, not playing is -EV.

I guess we have a different idea of what a small edge or a small favorite is. When the level of likely variance is greater than your perceived edge that's a pretty good sign the game is not +EV. The likely variance has much more to do with small bankroll than with the player of course.

For one-time tournament stakes where the split is 80-20, which of these is correct?
a) the backer gets 80% of gross prize money won
b) the backer gets stakeback + 80% of remaining prize money won, ie: 80-20 split on profits in the tournament

You could use Google Docs. Its an online based excel-like program, where everybody can update their results in realtime and you can see them instantly after doing so. It's very efficient and useful.

80/20 on the profits.

Has anyone tried paying a stakee with a percent of gross profits instead of net profits over a long-term stake in tournaments? Like say I'm staking someone who has a 25% ROI in whatever the hell I'm staking him in. Then his average gross cash in a tourney is 125%. So, I could give him like 8% of his gross profits, and if he runs at expectation, he'll end up earning about 10% of the money invested and I'll get 15%.

I sorta like this idea because it's a way to ensure that the stakee has the same incentives as the backer (to make as much money in every tournament as possible, instead of to make high variance plays to increase the chance of a big score or a loss), it guarantees the stakee a profit as long as he cashes in at least one tournament, and the deal has the same EV per tournament regardless of how many tournaments the stakee plays.

The only negative seems to be that it's hard to estimate someone's ROI, so you could easily end up with a deal that's -EV for the backer. I guess it also doesn't work for rebuys.

thanks

my potential backer wants me to send photo id with just picture name and bday which i think is reasonable.

he also wants me to install teamviewer in order to have access to my desktop on mutual acceptance, what do u guys think of this? standard? never been staked before so I wouldnt know. is teamviewer legit?

Yeah, it's legit.

Yeah, as long as it's not something sensitive like an email addy.

All this sounds perfectly normal to me and teamviewer is the ****

How do you guys handle a stakee's desire to play things with his own money. This is someone I implicitly trust and know he will be honest about when he playing with my money vs his money. But what are some general guidelines people follow when it comes to this?

most of the people i stake cant have their own funds in their account at the beginning.

when i gain more trust from them, we usually chat about if he wants to play other stuff on his own. trust is obv the number 1 factor in this. and communicating what he is going to be playing on his own.

if they're beating the game well on the staked level they are at consistently, I see nothing wrong with playing lower.. in fact I am on a stake right now and have been doing well so I played a couple levels lower than normal to help my brother understand the game better.

I'm with Zima on this one. Playing with your own money while on a stake makes **** extremely confusing. I would ask him to play whatever it is he wants to play on a different site.

It depends if he is playing like $11 sngs for you and wants to play some $11 sngs on his own? F that.

If he's playing $11 sngs for you and wants to play NL50 on his own dime have him do that on another site. If that's not possible and you trust him (and equally important he has great organizational skills and rocks at excel) then I guess it's ok. In general, I'd shy away from it though.

do you guys think i'll be able to get a stake? i had a previous stake for nlhe50 6 max with nogatsira but that was ended early (he needed $$ to start up a business) which left me with a tiny roll. I've been struggling to build this up but I doubt i will be able to, it's been hard to adjust when losing a BI is a large part of your roll so it's hard to be 100% confident. I didn't get many hands in during the stake with noga because it was primarily over the holidays which were really busy. The only (sizeable) graphs and stats i have were from months ago when i played nl10 and a bit of HU...

http://i226.photobucket.com/albums/d.../nl10graph.jpg

http://i226.photobucket.com/albums/d...fsdfgdgdhf.jpg

which was when i played verrrry passively 6max and went on an enormous cooler stretch over the last few K hands at HU. I play much more aggressively in 6 max now fwiw.

I want a stake for 6max or HU nl50. Am i staking material? I can usually grind ~10K hands a week, the only thing i would need is coaching/sweats every once in a while

Hi Im 23 years old and really destroys 1-2 and 0.5-1 but I dont have the bankroll to play bigger beacuse I have to spend to mutch money.. Im from sweden.. I can show the staker my stats and give phone number and more.. Plz contact me

Hi guys; im being staked for live cash play by a fellow poster here and have made a small amount of money with our agreement being a 50/50 split on profits.

After a nice (for me) tourney win online (was not part of the stake) i wish to break the stake; split the profits and ship him his money back. Again, no problem there we are both agreed thats fine.

However my bankroll is not yet big enough to warrant not being staked; but i want to obv grow my bankroll asap so as not to rely on stakes.

So we have agreed in principal that he will effectively provide 50% of my 'bankroll' and get 25% of the profits (and 50% of losses)...

Now my stakee is a very good friend of mine and has staked/% swapped with me for years in various guises so i'm worried that this new agreement is bad for him; i dont wish to take advantage.

Do the posters think the new agreement is ok or is it -ev?

Thanks

What's the best way for me to get staked for a wsop lhe event? I've played lhe 4 years professionally albeit small-medium stakes.

It's a little tougher getting staked for $500+ one-shot deals, but some people will do it. You should have some kind of clear (and verifiable) winning results, particularly in a B&M setting. Also consider selling part of your action and picking up the rest yourself. Or just try to satellite in.

Do you live in Vegas? That might help your case if so.

So essentially, you're being half-staked. Is there makeup, or is he eating any possible losses?

Well we've discussed this in depth with each other and we just don't know; as far as hes concerned he is willing to basically put as much money in as i can match; but the problems occur when and if I run out of money; Say we've lost 2k a piece and i cant afford to put more in... what would we do? if we went back to a 50/50 deal as before would i already be 2 k in makeup? if so what about the 2k i lost? etc etc

We couldnt really come to any good conclusions; basically ended up agreeing to see how it goes...

Again mostly i'm worried about doing a friend a bad deal; should i perhaps give him a higher % etc?

thanks

Is it standard to give your staker, your full name, adress and phone #. My next staker is asking for all of those and i understand what hes trying to do, making sure i don't take off with cash. But is it dangerous to give someone that kind of information?