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Staking Ethics Question Staking Ethics Question

04-12-2010 , 06:10 PM
I wasn't entirely sure which section to put this post in but I figured this would probably be the best bet.


Around 2 weeks ago, a good friend of mine borrowed £330 from her ex boyfriend so that she could play in a big monthly live event that they have in a cardroom in England. The arrangement was that he would receive 50 % of any potential tournament winnings.

She is a relatively inexperienced player and whilst we were up there she was feeling a lot of apprehension about playing against ''very good players'', in what is by far the largest tournament she has ever played in.

The evening prior to the tournament our group of friends all played in a £10 rebuy satellitte for the main event and she managed to win a seat. ( You can probably see where this is going)

To cut a long story short she managed to get through the 280 player field and after negotiations about the last 4 players she done a deal to receive £10,000 pounds (she was 4th in chips at the time).

The ex boyfriend has been watching all the updates online whilst she has been playing and has left numerous ''good luck'' '' well done'' messages on her Facebook profile whilst the tournaments been going on.

However, at no stage has she mentioned to him that she has won a seat through the satelitte and as far as he is concerned he is going to be receiving £5000 for his staking of her/ whilst as far as she is concerned all she is entitled to do is give him his £330 pounds back and maybe a few extra hundred for the gesture.

I have my own personal belief as to what should happen, but do you guys think that she should give him half the money, or does the fact that she still have his £300 in his pocket mean she should keep the 10 K?
04-12-2010 , 06:14 PM
The responsibility lies with her to communicate to him prior to the event that she no longer needs to be staked and return the money. She didn't. She owes him 50%, case closed.
04-12-2010 , 06:16 PM
Quote:
Originally Posted by LetYouDown
The responsibility lies with her to communicate to him prior to the event that she no longer needs to be staked and return the money. She didn't. She owes him 50%, case closed.
this.

also she isn't "borrowing" money to pay back 50%. She is being staked.
04-12-2010 , 06:16 PM
Why is this guy staking his ex-girlfriend, especially if she sucks at poker?!?! has he lost his mind?

To answer your question; one of two things would be happening if some stupid bitch tried to wiggle out of our staking arrangement.
1. She would be paying me the $5000
2. I would be going to jail (and deservedly so) for doing some really messed up stuff.
04-12-2010 , 06:16 PM
Nice score, congrats!

too bad she can only keep 5000 tho
04-12-2010 , 06:17 PM
she owes him 5k

once he gave her the buy in, she was just playing the sat to keep the buy in
Quote:
Around 2 weeks ago, a good friend of mine borrowed £330 from her ex boyfriend
if she lost was she supposed to give it back? in which case she owes him 5k but he took advantage of her and isn't a very nice man
04-12-2010 , 06:20 PM
She owes him 5k. /thread.
04-12-2010 , 06:20 PM
Staking her 100% and giving her 50% of cashes was very generous of him.
04-12-2010 , 06:21 PM
Quote:
Originally Posted by random hater
she owes him 5k

once he gave her the buy in, she was just playing the sat to keep the buy inif she lost was she supposed to give it back? in which case she owes him 5k but he took advantage of her and isn't a very nice man

Sorry I should have made myself clearer.....she was meant to pay him the money back when she could., but if she cashed he received 50 %
04-12-2010 , 06:21 PM
The agreement was made with no indication or warning before the event started that she was backing out. She owes him half.

but lol at backing ex gf's..

Last edited by Ed_Zackary; 04-12-2010 at 06:22 PM. Reason: or what e'one else said
04-12-2010 , 06:24 PM
Quote:
Originally Posted by notgoingnewhere
Sorry I should have made myself clearer.....she was meant to pay him the money back when she could., but if she cashed he received 50 %
yeah he's a git but she owes him 5k
04-12-2010 , 06:25 PM
Quote:
Originally Posted by random hater
she owes him 5k

once he gave her the buy in, she was just playing the sat to keep the buy in
this. she simply won a sng prior to the tourney that paid 330.

wtf is a 'whilst'?
04-12-2010 , 06:26 PM
She owes him 50%, obv.
04-12-2010 , 06:27 PM
she does owe him 5k based on ethics. but based on reality she will give him no more than 500 pounds. and there is nothing he can do about it.
04-12-2010 , 06:27 PM
Give him $4670.
04-12-2010 , 06:28 PM
She owns him 5,000-period.
04-12-2010 , 06:28 PM
Quote:
Originally Posted by notgoingnewhere
Sorry I should have made myself clearer.....she was meant to pay him the money back when she could., but if she cashed he received 50 %
Wait, so she gave up half her (negative to start with in all likelihood) equity in the tournament, AND would still owe him the buyin even if she busted? Wow what a maroon.

Whether that is the case or not though, her failure to communicate to him seems likely a case of her intending to not mention it in the event she busted, so that he would still be on the hook for her buyin unless she went deep. Shady, awful ethics. **** her.
04-12-2010 , 06:30 PM
Half is his. No doubt about it!
04-12-2010 , 06:32 PM
If there is any dispute it is whether she owes him 5k or 5165 or 5330 but of course he won't get that so hardly worth asking for it
04-12-2010 , 06:33 PM
Pay that man his money.
04-12-2010 , 06:35 PM
wow that would tilt the **** out of me, if my stupid ex-gf keeps the 5k with my name on it.
04-12-2010 , 06:37 PM
The ex is a douche, so if she loses its her loss but if she wins its his win lol....

That being said, she still owes him 50% and keeps the 300 as a sad reminder that she made a deal prior to the event and didnt cancel ( cancelling would be bitchy thing to do tho...)
04-12-2010 , 06:37 PM
She ows him 5K plus 165. for the Satelite win. It was his stake that paid for it.
04-12-2010 , 06:38 PM
She's got to pay IMO.

I used to stake a buddy of mine, more out of doing a mate a favour than any expectation. Once, I'd given him some money to buy into a live event and, playing a few slots a couple of hours before the tournament started he won enough to buy himself in. He rang me to explain and asked if I would rather still buy him in or if I'd mind him using his own money. I said no problem. He cashed with his own money and it was no problem (he bought me a few drinks anyway!). That's all she had to do - ring the fella and tell him she was paying him back his £330 and playing on her own money.

Although, if she used some of his money to play the satellite then you could argue she owed him something regardless.
04-12-2010 , 06:48 PM
She owes him $5300 imo. The buyin plus 50% of the winnings.

I wonder how much she'll end up giving him. Please to be keeping us updated OP.

      
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