Quote:
Originally Posted by Pop.
Hey,
Im about to stake/coach some one but i have zero experience with the money lending part so i thought id ask here...
Heres what id like to know:
I understand i give him a starting br, but if/when i need to give him more, how/when does he pay back each new br?
The starting br makes sense for him to return when the deal expires...but if during the deal i shipped multiple rolls it doesnt seem smart to end the deal with him owing me like 100buy ins.
So i guess he has to pay back any new br (except the initial starting br) through our weekly profit chops? If so, how exactly? Am i missing something?
Quick answer would be greatly appreciated, thank you!
Hello,
Is this staking deal for cash games or mtts/sngs? Depending on the game type will help the community respond to your question.
If Its a SNG backing deal, I believe around 100-150 buyins should be the max limit for backing (Send 30 buyins at a time id say). You must have a limit in mind of what you are willing to stake someone but at the same time you have to understand the swings of the games. For example, in the 180 man turbos the swings can easily be 200 buy ins etc. MTTs can be around the same.
When the horse reaches a certain profit goal (Say $1k BR on a $300 stake, games don't matter) then you and the stakee should agree to split the profits based on your cut %. So if its 50/50 have him send you $350, he cashes out $350, and he is left with his original $300 roll. Lets say the horse is in for $900 (3 Rolls) and scores something to increase his bankroll to $1200 and you agree to chop. I would have him send $600 (2 rolls) + $150 back so that he will have his original $300 roll to keep playing with plus his $150 cash out.
Lastly, if someone is constantly down 100+ buyins and their game is not improving it might be time to move on and cut losses. Chasing massive losses by funding the horse is not always beneficial. If the player has shown to be in deep make up before, but able to climb out of make up while playing solid (you need to know if the horse is capable in their games you have them backed for) then you should continue to roll them.
I am sure I missed many points but I hope this helps!