Quote:
Originally Posted by unrealzeal
I don't remember how this started out but i was offered backing for 1K to play tournaments on FTP and I accepted for an even chop.
So he puts in $100 dollars in my account and tells me he'll put more in as i need it well i don't really need a $100 stake probably don't need 1K either but w/e free variance
So I play a couple of donkaments and win ~$500 bucks with him railing me on his laptop at his house and after i am finished he immediately takes his $100 back...get's on my account and transfers...i didn't think much of this at the time i mean he'd never steal my money he is rich
So you know i've been playing for hours to tired to complain next day I get online and win almost 3K
So I chop 2.5K with him and leave 1K in my account but all of a sudden i'm steaming...do i really owe him a chop at this point kinda seems to me he ended the stake when he pulled his money out
If you get a $100 stake and happen to get it up to $600, I think it's okay if you both want to take $100 OF THE PROFITS out, or each take $250 etc if it was agreed upon.
The truth is, when he pulls $100 out, he hasn't pulled out his stake. if you won $500 (BR at $600), $350 of that money is his. Pulling $100 effectively cancels his initial risk and leaves you with a $250 bankroll backed by the staker. The correct thing to do with this is to cash out your $250 profit to reset the BR to 100% staker backed.
If he had pulled out $350, then he ended the stake. He didn't. You're still backed by him as he is risking his remaining $250 share to continue rolling you. As I said, the best way to work this out is for the horse to cash out 100% of their share owed and then the backer can decide what to leave in as the BR. If he wants, in this scenario he could cash you down to $100 and repeat.