Hey guys,

I am looking to stake a friend of mine for high stakes PLO live games. I would like some advice on how to structure an adequate staking model. He will be playing cash for some months, we are unsure how many because of the availability of the games.

Ideally, I would like to make an equation where one inputs the amount of hours played and it outputs what % we shall split, according to an expected value of mine that I predefine.

Any sort of advice is welcome

just do 50/50 split

hahahah

there are some good posts on staking on other parts of the site

based on your preferences, you could just pay him a fixed rate per hour regardless of how much he actually wins

oh, thanks. where can i find these staking posts?

fixed rate per hour has its disadvantages. he has the motivation to play as many hours as possible and that's bad for me. He would play in risky/EV- games.

i think the most reasonable thing to do is to decrease the % i keep as he plays more hands, while he has part of the action on his own.

i would defo not pay a fixed rate p/h

ya this isnt a good idea. but if you do want to pursue this the variance in high stakes live plo is probably higher then you expect and I wouldn't do a typical % and markup arrangement as the likelihood that it goes heavily into makeup and creates a detrimental situation for both parties is way too high. obviously wouldn't do a pay per hour setup either... just would avoid this situation like the plague in general

Backing someone who is +ev into live cashgames - Smoothcriminal99 'would avoid this situation like the plague...' [ ] makes sense.

I disagree.

Example player is +1bb/100 in a game. variance is 1000bb/100. stake is over at end of 6months (500 hrs @ 30 hands an hour = 15,000 hands) or if player goes on 10,000bb downswing. split is 50/50. I don't have time to do the math but I'm guessing this is -ev for the staker despite player being +EV in the game. Even if makeup isn't washed or the player doesn't quit poker after being in makeup after 6 months (making the make up worthless) the value of makeup is very low probably like 10-20c on the dollar if that.... It needs to be worth 50c on the dollar for every player to be worth staking that is +EV or able to go on for infinite time. You are looking at a situation where makeup can't get fully realized so therefore being +EV is not all that matters. Also the stealing point is a lot bigger then people realize. People steal and in live games it's very hard to catch someone if they do let alone stop them from doing it/have any recourse. Once again I would advise avoiding this. Staking in live games is not as appealing as it seems. It would take a lot for me to even consider it.

There were these two regs I used to play with a lot. So reg A, a high limit baccorologist and insane aggro whale staked reg B, a strong loose aggressive player who also likes to play baccarat. Reg B stole from the stake, pocketing like 1k or something, and got caught by Reg A. Reg A was a bit of a gangster, literally and last I heard he got caught with a bunch of drugs and guns and was going to go to prison. Probably not the best person to steal from. I'm not sure how it was resolved at the time, I think reg b was winning and reg a took all the stake money + profits, but like a week later Reg A is in a pot with reg B and he calls on the river and Reg B has the winner. Reg A just takes back his 1k call and is like 'no u stole from me i'm not paying u'. And nobody at the table, the dealer or anybody else says anything. good times.

cool story, how is it related to OP?

yeah, what i wanted to discuss really was the proper way to split earnings according to hands/hours played.

lol