Hey guys I don't know if this kind of deal was discussed before, but I am backing and coaching two of my friends. They are both completely new to poker and I will be giving them a BR and teaching them to beat the games that I put them in. The problem lies in that with this kind of thing I am not making much money if at all for a few weeks maybe even a month or two while teaching them basics, though this isn't a big deal to me I do wanna know what kind of deal I should be giving them so that I make sufficient money for the time I put in getting them from complete noobs to beating low - mid SNGs.

Basically what I'm asking is should I make them sign a very long term contract as in all games they play this year they pay me %s or keep them going until they make a certain profit then give them the choice to either stay backed and continue coaching with me or go into the poker world on the money they made while being backed by me. I just don't wanna get them to the point where they can beat the games they are playing for a decent hourly and then drop me with me having made basically nothing for the huge investment I'm putting in.

+1, would be interested in what is standard in this case

Hi,
I'm a noob in staking, but I've got a friend who is considering a stake thus the question.
He's a heads-up player who is a winning nl100/200 hu reg but cashed out a bunch and went on a big downer. He's got money on a pokerstars account (don't know how much though) but busted FTP account. We were talking about me staking him (since he'd have to start at nl50 on ftp if I don't stake him).
1) Is it standard I stake him only on FTP (meaning I'm not getting a cut from his PS winnings)
2) I would like to stake him for nl100 then maybe if he wants for nl200 (after he makes profit and shows he's winning there again). How should I approach it? I've read in this forum that standard is 50/50 /w makeup. I was thinking about him making x$ at nl100 before moving up to nl200 and then end the deal after he made x$ @nl200. Do I collect profit at the end of the stake? Not really sure what's the standard.

Thx for any help, I don't have experience with this at all and I don't want to be unfair because of no experience in staking.

Here's my situation:
I was backing a friend of mine for ssmtts, he is now in mu for a few hundred.
He has lost interest in playing mtts and has been focusing on cash game play, which is fine with me
He agreed to play cash games under me to get out of the mu
So should i just take 100% of his profits until he's out of mu?
And when he does get out should the profit split be 50/50 since it's cash game play?

.

One time live MTT stake.

I am going to be playing a $560 buy in at a WSOP circuit event in Chicago in October. I wouldn't normally play a tourny with a buy in this high, so I am looking to sell shares. I am only going to sell to people from my home game as there are a few willing to put up between $50 and $100. My question is, with this being a one time stake, what type of percentage should they get should I cash. I really have no idea here. I am thinking that they should get between 40-60% of the value they put up. Any thoughts?

If you are trying to be fair to them, 90 percent of the value they put up. If not, give them the lowest share they'll take.

http://www.pokerprolabs.com/topshark...19&pnid=1&tt=2

any chance of me getting staked?

i play $1 - $5 don or $6.50 sng and i can play 24 tables at a time DoN or 6 tables of $6.50 sng

1) Many deals are done only on one site, and many include all online action. This is mostly depending on the players current situation. You can structure your deal to have action on both or just one. You could also agree beforehand that the player would not enter into any other stake deals or play on his own on another site previously agreed upon in your stake terms. It is mostly up to you guys to decide how you want things to be done. Most experienced backers have adapted their own standards that are different than what may be discussed in threads. To be a good backer you must think outside of the box to fix problems or improve situations. Just remember you make the rules. You have the right to set any terms you wish and present them to the player for their agreement/disagreement.

2) You could structure it based on number of hands for a set or based off a profit goal. In either case you could agree on periodic cashouts of profit if desired based off time, numbers of hands or profit points. It would perhaps be better to start with nl100 and agree on a number of hands, then if the horse is successful you can move up at your own discretion instead of being committed to prior agreements. If you planned on including both limits and moving up at a set time I would suggest keeping all profit in the players bankroll until the final goal is reached. The profits will be good to cushion the swings especially if taking shots at the next level.

As I mentioned before, instead of thinking what is standard, consider what you can offer that you believe will be good for your end and also be favorable for the player. As far as being "fair" you are offering the player an opportunity to make money with his only risk being his own time. You are taking the risk so you need to be properly rewarded, but if your horse isn't happy they won't make you money. Be good to your horses and hopefully they will return the courtesy. Come up with reasonable terms that fulfill each party's needs. I would also be cautious when entering backing deals with friends as it can be more messy mixing personal issues with business.

I have secured backing for a WSOP circuit event in October. The event I am playing has an add-on to it. The winner will receive a seat in the $10K regional championship. This value is added promotionally to the event and is not coming out of the prize pool. Should my backers be entitled to any part of that seat in the unlikely event that I take this thing down? If so, should it be equivilent to the original backing deal, less, more? I would think they have no entitlement, right? It would be like getting backed online, and the backer getting your FPP's or your Rakeback, right?

They should have an equal share of the seat.

Yes backer should have a share, typically same split as original deal but ofc everything is negotiable.

Some backers also include FPPs and RB as part of the deal, depends on ur backer.

Can anyone link to em some threads/post about mtt backing? I think I remember some sort of contracts written up in the past.

I looked through this thread but that seems more for ppl selling/buying shares

thanks

Hi, i'm a PartTimePoker player that have a good reputation there and around $3.5k invested.


My stats:



I'm thinking about starting to sell on 2+2 some Saturday or Sunday MTT (maybe with some SNG's included to reduce variance) Action. The buy-in's would be a mix from $3 and $75 ($109).

Example of a schedule:

07:00 - $11 10k
07:00 - $26 10.5k
07:20 - $33 8k
07:35 - $2+R 12k
08:00 - $11 7.5k
08:00 - $11+R 32k
08:40 - $2.2+R 3k
09:00 - $26 16k
09:00 - $5.5 12k
09:00 - $109 20k
09:20 - $33 10k
10:00 - $8.8+R 40k
10:00 - $26 16.5k
10:30 - $11+R 19k
10:20 - $27.5 5k
10:40 - $8.8 4k
11:00 - $75 17.5k
11:15 - $44 8k
11:30 - $11 1R1A 10k
12:00 - $109 23.5k
12:00 - $22 20k
12:00 - $26 19.5k
12:30 - $11+R 30k



The thing is. I'm not familiar with markup. I was looking for some help trying to find fair numbers to me and to investors.

For example, i wanna run a similar schedule as i described above, total buy-in's would be around $800.

Considering that i don't pretend to invest anything. Is 25% markup selling 80% of the action fair (if i understood correctly markup i would receive the full $800)?

What about if i wanted to invest myself 50%, should i ask 25% markup and sell only 40% (and if i'm not mistaken i would receive $400)?

btw appologies if i posted this on the wrong section

As people in the UK will know, playing poker is Tax free for us. But what about the situation where you are staking other people to play. Is it classed as some sort of investment that you need to pay tax on or income etc.

I have now got to the point were I have made quite a bit, have a website etc and its too much that can just be lost in the system. So are there other big backers in the UK and what do they do about it?

I don't understand why it is called a stake when it really is a loan because you have to pay it back if you lose it. Isn't that the point of the stake in the first place?

i try to start a thread, cause i want to stake people butt i cant, can a mod please help me??thnx

mods can you help me???

read this:
http://forumserver.twoplustwo.com/10...hreads-549708/

I have never staked someone before. I have a friend who is interested in getting staked in SNGs. How does it work? Can someone post an example of their previous SNGs staking?

Do we split rakeback? or does he keep it?

anyone?

Probably best to talk to an accountant

I'm confused, is this thread for people looking to be staked or for people that have questions about staking deals?

I thought it was pretty clearly stated in the OP, but the last few posts have made me think otherwise.

In any case, the following is my situation and I'm looking for some clarification/advice/constructive criticism from anyone who may have experience with this sort of deal.

**Mods, if needed, please move this to whatever section is most appropriate**

I currently back one player in any live $1/2NL, $1/3NL or $2/5NL he wants to play (as long as I'm familiar w/ it). He plays an average of three nights a week. We keep track of his his progress/makeup and I have been backing him for approximately three months. The deal is a 50/50 w/ makeup.

A few weeks ago, he expressed interest in playing online MTT's and asked if I wanted to put him in these. I obliged, and he started depositing w/ his own money, then I would reimburse him, and we would add whatever he deposited to his makeup.

Now that you have the background, my question is this:

What is the fairest and most efficient way to integrate his online makeup w/ his live makeup?

He currently has a $650 roll on FTP, but it seems silly to add $26 and $11 to his total makeup if he plays a few tourneys online during the day, then comes to play live cash at night.

Is it easiest to simply keep the online/live makeup separate or should we settle it at predetermined intervals?

Let me know if I've left any important information out, thanks.

Hi

I am wondering how to post a thread in the staking section. I get a message saying my acoount doesnt have priveleges/maybe blocked etc?