Hey guys and gals,

We are going to chime in here really quickly at this time in regards to this post with a few things to say before taking this to the next level if deemed necessary.

We are the stable mentioned , C Biscuit Stables and we have zero issue with " outing" ourselves ... and of course there is two sides to the story.

We have a long standing relationship with the poker community and have built a solid reputation helping and working with several hundred players in a variety of areas within the game and business of poker that we all love.

Without completely exposing this nonsense and who is behind it at this time , we will note a few things that we believe are of importance:

1) The person that made this post is at best a family member of the player involved and quite possibly the player himself ... we don't think we need to address the potential ramifications of what that could mean to him should the community decide to do some further digging.

We are simply saying that an obvious bias should be noted in what was said by that " buddy" of the horse in question

2) The player has picked three fights ... we are only interested in dealing with the matter as it relates to our stake with the player ... he can have his other battles on his own time and we will not be addressing those other issues.

3) This matter was already settled privately with us as it relates to the staking issue , however now that the horse has had OUR money returned to his account , he is looking for a payday even after his agreements states otherwise.

4) We of course have documentation on all of it and will be quite happy to have some well respected members of the community view this to verify if necessary. Clearly if this does go public then all will be revealed.We will not sit idly by and listen to utter nonsense being spouted off without sharing our side of the story.

5) We offered the horse the opportunity to go to the forums and have the community weigh in when the situation was at hand and he declined in order to clear himself of a pile of make up and remain anonymous.

We have a quite long and detailed version of events addressing each point made by this person posting and as mentioned we will share that part privately for now if necessary ... so what we will do at this time is save the need to get out the popcorn just yet ... and we will post the cliffs of that piece.

We have let the player in question know that we would be responding to this post and that if he continues to hold back our stake money going against what he agreed to initially ... and then not following through on what was promised should this situation arise , then we will of course have to expose him and post his personal id and information and open him and his dealings up to public scrutiny as we will not take this lightly.

Here are the cliffs of what may or may not be posted at a later date:


Cliffs:
Player angry that stake funds which DO NOT BELONG TO HIM were requested moved from his player account. Player violated contract (again) this time he knowingly deposited backers money ( without permission or notification ) to a site that was no longer an unauthorized site for his stake. He did this twice , almost going broke , then running it up some and not letting backers know until later. We asked to have OUR FUNDS removed as player obviously cannot be trusted as current events continue to show.

Backers froze stake for review when realizing this is exactly what happened.

Players violation of staking agreement clearing shows him forfeiting any "profit" as per contract. Player was also $5500-6k in make up at this point and had $8k out to him . We recovered $2609 ( he is looking for $132 again now after agreeing he was not entitled to anything ) MAKE UP / NO profit

Player readily agrees to be dropped and have his make up dropped, not be charged for his contract violations, forfeits any " perceived" winnings as per his agreement clearly states and the issue/his details kept off the boards. After being offered the chance to share the story with the community, which we were happy to do, player declines.

The player raises hell after the fact, presumably looking for a payday from someone and takes no responsibility for his own actions which caused this whole event with unauthorized deposits and moving of funds which DID NOT belong to him.

Stake funds backers recovered have now being returned to the players poker account resulting in a chargeback to us ( $2609 ) and the player is now withholding said stake funds after agreeing they would be returned. Stealing. Theft. Breach of contract agreement etc.

Player said this:

Also if you are charged by ( the site ) and monies are put into my poker account, i will return funds back to you with imediate effect, please let me know how to send funds back via skrill to you, if this happens, as our staking agreement ended on July 13th 2015, and no monies are currently owed to me due to my acceptance of the deal you offerd me on July 13th 2015

** I will note that player sent me an email yesterday simply stating " funds have been withdrawn to skrill today" ... but no mention of what he was going to do with the funds and he did not respond to an email asking him exactly that question.

Nonsense post by " brother" of said player has issue back on the table and we are more than happy to share with community if he plans on stealing stake funds and not sending as promised.

Of course there is more to the story but we have enough drama guys day in and day out in the poker business and if we can wrap this up as before without wasting more time on what was a dealt with / non issue , then I believe we should do that.

If this player is now going to not honour his agreement and would like us to out him and share who he is and what he has been up to , in order to attempt to go after $132 he feels he is owed ( and agreed to give up ) and attempt to steal or withhold our $2609 stake funds returned to his account , in exchange for now putting his whole $8k make up owing on the table along with his reputation , we certainly are willing to accommodate that brilliant strategy.

We have been told by many colleagues in the backing industry as well as other well know members of the poker community to let it be known who he is .. and there really is no reason we shouldn't , other than give him one last chance to give his head a shake and rethink his position. Believe it or not , most of us in the backing industry don't enjoy crushing guys like this when they cant get out of their own way and they are their own worst enemies.

It's unfortunate it has come to this as we had a fairly decent relationship in the past but it just goes to show that you cant really tell about people until the **** hits the fan.

Please do let us know how you would like to proceed " horse"

Regards,
Colin & Dave and C Biscuit Stables Partners

im the horse in this matter.

Im not here to argue ect, sick to death of the situation, sooner its finished the better, learned a lesson.


Facts are :

I told you via email my bro had asked where i stood on here while i was away with my folks.

Mu was $8400 - ($2609 + rb for month what ever that was) , likly looking at $5,000 on a 200nl stake, mu was from the Ipoker network playing £200, i.e 15.5 buy ins.

Stake ended July 13th 2015. as per agreement reached between both parties.

Id never once asked the operator to return any funds to me id told you this on multiple occasions.

You also knew that my quarell was with the operator.

"Player raises hell" with operator as to why they told me id lost funds myself, and how funds were taken from my account, when id expressed this not to happen due to being in a dispute over monies owed to me, which is theft....do i not have the right to raise hell with them ?

Id asked you not to move funds as while we were in dispute over monies owed and the written agreement we had, i assume you misunderstood this as me trying to steal from you, im sorry if you thought that, it wasnt, im no theif.

Yes we had agreement for payments whilst in deficit, due to me moving down in stakes. amount i was due to was 25% of $609 + rb for month, whatever that was, you state you didnt have to pay me them as i breached contract, fair enough i dont want any $$ from you, just wish you'd told me id breached the contract as wasnt due to anything previous to me asking for monies.

I dont want anything from you, whatso ever, as told you all along i was returning funds to you once i had conformation from operator funds were in my account, which i recived thursday evening i think it was, and withdrew to skrill, as i imformed you, further to this i assume operator returning funds to my account due the situation in which they were taken, please dont blame me for this.

You mention i illegally deposited funds, i only had 3-4 buy ins on one site to work with, your automated mail said you were both out of the office for 6 days, seemed logic to deposit as i play for a living and need funds, i told you why i did this.

To me thats the end of the end of the matter, i wont be checking the thread anymore / replying to emails from you again, once you recive monies from skrill from me , as agreed the stake is finished and so is my involvement with you.

please confirm the amount is $2609 and that your going to stand the skrill charges from that amount, once that happends ill send funds, and you can confirm on here with "funds recieved" then i will cease to communicate further with you on this matter.

Also i think youve done ok out of it still, regardless of the 5k, id played for you for 15 months,and won $14,000 or so in the first 7-8 weeks, + your rb % .....so weve both made money i guess over the run.

like i said not the way i wanted it to end , such is life.

please confirm the amount is $2609 and that your going to stand the skrill charges from that amount, once that happends ill send funds, and you can confirm on here with "funds recieved" then i will cease to communicate further with you on this matter.

^ This is correct and we understand there will be currency conversion fees. It's the same Skrill address as our stable email address.

Once funds have been received we will confirm here and via email for our records and we understand that you will not respond further to this situation Steveb1 nor will we.

We appreciate the emails we received from folks looking for additional information on the player, however please understand that this issue has now been sorted with the player and we will not be providing any further documentation related to the stake or otherwise that has been requested, so thank you for your understanding on that piece.

Agreed , it's not the way we wanted things to end either ... best of luck to you in the future sir.

Regards,
C.

you apreciate emails youve recieved asking for info on player.. makes me laugh...im sure top coaches / players on here know im straight / honest, you typify everything thats wrong with staking in 2015!

pls state / pm skrill username which funds are to be shipped to, and that will be sorted today!

Horses BEWARE!!!

Meh pls delete last post mod, mates funeral today, seem to have bit whilst a lil worse for wear, situation sorted , once i get skrill acc details, peace out

s

£1635 send to skrill addy cbiscuitstables@gmail.com


peace

Funds confirmed received ... issue settled.

Regards,
C.

Not exactly sure if this is the right spot for this post but I'll try anyway. I am considering looking for a backer/partial backer and before I went any further I wanted to see what kind of deal I could expect to get based on my results. Thanks.


Here's results from this year. Have 295k hands total with a 10.6bb/100.

Can anyone point me to information on how it works when you sell pieces of a live tournament to someone that isn't a US citizen and how it works transferring the tax liability to them? Been searching the tax threads/googling but having trouble finding the information. Thanks.

Specifically in this instance the purchaser is from New Zealand if that matters.

this is a good start:
http://www.parttimepoker.com/poker-and-taxes

Instructions for Forms W-2G and 5754

thanks

hey there,

a friend of mine is running some horses. he is thinking about selling action. however all of them are in makeup and obviously if I want to have share of them I have to buy the makeup as well. What's like a fair rate there if we assume all of them are solid winners? (coz obv buying it for 100% should not be a good deal for me). Does it matter how big the makeup is compared to the ABI?

If someone could give some advise would be nice, as I have no clue about this..

This is my first time getting backed. It's an 1100 dollar tournament. He's only buying 10%, no mark up.

About me, my income this year is very small. Under 10k.

I'm green in the sense that I don't know what to do if I cash for over 5k and how to split the money. I'm guessing because my income is so low, that having the casino take the taxes out of the prize money wouldn't be smart, figuring they'd take more than my tax bracket would be.

If I had them take it out, would I be able to recoup the money that is over taxed?

Or I see everyone talking about forms and tax id numbers and things of that nature. I literally have no clue what forms I'd need or my friend would need if it came down to it and how to go about it.

If someone has any good advice, I would greatly appreciate.

Good luck guys.

^

If you profit 5k+ in the tournament you will receive a W2-G, you would issue the backer a 1099-MISC for the amount that he purchased(10%). You will need his name, address and social to complete the form. A tax professional will do this for you for a fee. In the event of a large score I would send his share in the form of a bank wire so you have evidence that he was payed. The burden of proof is on you that he's liable for that %.

A bit newbie question here.

Let`s say we have staking deal in MTT with MU for 10k games. cut 50/50 after every 1k games. BR 5k$

In first 1k games we hit big tournament for 10k$ we split.
After 2k games we are down 2k$
After 3k games we are down to 0, becker reloads; MU is now 5k$
After 4k games we are down to 0, MU is now 10k$

Questions :

If becker doesnt want/have money to reload are horse free to go without paying MU?

Can horse end up deal after 4k games from his side, and wants to pay MU(10k$) and leave without playing 10k games.

If after 10k games horse is still in MU, he keeps playing till clearing or paying MU from his own money?

1) Yes, if the backer gives up the horse the horse is free to do whatever. What other alternative could there even be?
2) Depends on what the deal said
3) Depends on what the deal said

A friend I had ~10% of recently cashed for in a MTT for ~$100k/~60x the buy-in. He by no means needed my money and sold me a piece of his action (still marked up) just for fun and to be generous, as he is a good, winning player. What is the standard for tipping a stakee when they cash a big win?

There is no standard for tipping a player as a backer.

I don't see why you'd wanna do this. Buy them dinner or treat them to tickets to a game or something if you really want to, but giving them cash sounds like a bad idea.

First timer in looking for backers for MTT's. Not even sure where to start to be honest, but I can see that until I've had an active account for 6 months then I can't start a thread.

So where does a first timer start? I'm no world class player but I've played online poker for 10 years so I know my way around a table, so to speak. Obviously I have no references and just SharkScope which is far from the best graph you'll ever see. But I guess that people aren't just backing the very best for $11 buy-in tournaments?

Any help would be greatly appreciated.

Anyone?

On my phone so can't link it for you but there is a thread titled something along the lines of "members <6months seeking stakes" or something where you can post. A better option would also be to go look at threads in the offering stakes section and apply to stables that stake the games you are looking to play. It will be tougher with no references but if you have some decent results and are willing to start smaller and build trust then you'll likely be able to find someone there. Good luck.

Also little piece of advice, don't get staked for low stakes unless it involves coaching from a solid player IMO. Unless you are getting coached and getting access to be able to learn at a faster rate than you normally would then it's not worth giving up 50% of profits.