what would be a normal mtt staking deal look like?
Join Date: Oct 2012
Posts: 23
Hey, I would appreciate if you could explained in a detailed matter what a normal mtt staking deal is like. Particularly the make up and cuts issue. Thank you!
Last edited by DPerlo; 05-04-2015 at 04:00 PM.
Join Date: Jan 2014
Posts: 4,303
Each deal is individual/different, but I will try to give a short example of what I think that the standard for a MTT-staking-contract is roughly like:
- Limits and games that the stakee is allowed to play at the beginning
- ~50/50 profit split (hopefully with option for at least 60/40 later on)
- How do you proceed with VPP's, deposit bonuses and other rakeback'ish money
- Profit will be splitted after each new +____$ profit, or maybe each 1st of new month
- How you communicate with your backer (like at least 1 mail with results per week)
- The fact that you cannot quit while being in make-up, except when you buy out, or stop playing poker completely (if you start playing poker again, you need to clear the make-up)
I likely forgot something, but those are the most important things, I guess
Last edited by TooRareToDie; 05-04-2015 at 04:51 PM.
Join Date: Oct 2007
Posts: 7,807
Or in case of TooRareToDie you can try to quit poker for a year or more in hope of clearing the makeup by itself magically. But it won't work for anyone else, at least no one else would ever think of it.