Quote:
Originally Posted by alex23
So my stakee just told me that he could use some money during Christmas time, and that in his last stake they split profits every week. I didn't know this, and our written agreement had no mention of cashouts before the stake was ended and the implication from it was that profit would be split at the end of the stake (that's how I did previous stakes and particularly that's how I did it when I was staked, and I modeled this after the agreement when I was staked but made it much more detailed). That said, it's 100k hands of hu, which is a significant amount to not be cashing out for, and so far he seems to be playing reasonably well and is good with communicating, which can't be taken for granted, so I want to be reasonable. Can a couple people suggest ways to go about this?
seems like you are on your way to the right outcome by the tone of your post, but i will share some thoughts.
100k hands of HU is a ton of hands. people gotta eat/live/pay bills. you should really structure your deals to give them more regular cashouts. i actually am staking a HU cash guy for a 100k hand set, and we do cashouts after every 25k hands.
If a horse i stake for lets say 50fos and lower binks a score for like 15k and his cashout dates are the end of the month, there is no reason to keep 15k in his accounts. i just do a pre-cashout for him that way he can get some money to live. i dont really need the money for anything really, but they do appreciate the early cashouts 99% of the time.
sounds dumb, but just do what you think is best/do what you would want as a horse (from a backers perspective). I have created a lot of loyal horses that way.