I've been offered a similar deal and am new to staking. It's a 50/50 deal, but I have to ship back the original investment after the deal is done. In other words, he gives me (for example) $3K. We split all profits. Then after 3 months or whatever, I have to pay him the 3K back.

How is this a good deal for me? Seems I take all the risk.

I just stickied Doug's thread on this, addresses these sort of things pretty well. Offhand 50/50 no makeup is generally a pretty bad deal for the backer if there is reasonable concern as to whether you can be profitable.

http://forumserver.twoplustwo.com/13...-games-306028/

You get capital that enables you to (potentially) earn profits playing games you otherwise could not afford to. But yes, you have you return the initial stake once it's over. You don't take all the risk unless you're also paying the full stake back if you lose it (which is a loan as you quoted).

Just to add on & clarify:

You need to have an agreement for how to handle being stuck at the end of the stake term. In a standard cash stake the backer just basically eats it if you're negative at the end of the term, but week-to-week (or w/e disbursement period) there's makeup where the stakee needs to cover losses first, then you split remaining profits. If you're in the red at the end of the whole stake, that's a bad experience for your backer which you want to avoid, but happens sometimes. In a true stake, that's part of the risk of staking someone. The cut of profits for these arrangements need to reflect that risk.

But be clear about the terms here, everything is very easy if people are winning and splitting profits but can go bad if you don't have a clear understand of what happens if you end up in the red at the end.

In my first case of being staked I knew the backer personally as a local reg (obv different than an online stake which carries more risk). Anyway I didn't do particularly well. We hit a threshold where we decided to cut our losses rather than play it out to term. He was a little frustrated & was having problems with other stakees and I didn't want to sink him further. Now the deal was a partial stake/partial loan that I would repay 50% of any losses from my job over a three month period, which I wound up doing in 5 weeks since we didn't complete the stake. It went a long way with the backer despite it being a loss, and helped me later when I needed more backing.

Anyway, with agreements like that, you can negotiate a more favorable cut than normal since the risk isn't completely on the backer, but it can still help you access funds needed to play your game. That won't necessarily be possible with pros without other means of income, but Joe Average with a job and a limited BR on hand (which is a lot of players here) doesn't have to limit himself to a straight-up stake.

Looking for a stake for tonights 5k guarantee on stars... will split winings 65 to 35 in your favor

pewwwwwwwwww. the 10 people i stake i have all that info.

PM me if you have more questions.

I have a question regarding how to split profit,
I read WCGRider ' post on how to skate for cash game
http://forumserver.twoplustwo.com/13...-games-306028/

Here how I see this :
We are splitting 50/50
on a weekly basis
week 1 my guy wins 100$ so we split 50$-50$
week 2 he loses 150$, so there is a carry over to the next week
week 3 he wins 300$, he reimburse the 150$ that he owes from last week and we split the remaining 150$

My question is does it make sense to work like this if I'm staking someone for 45 - men to 180 - men sng and does splitting profit every week is a too short period of time??


Thanks

Hi guyz

Let's say you stake someone in cash games, and that after a a couple losing months, the stakee decides to kill the stake and give you back whatever's left from the initial staked amount. No matter how it was decided that the rakeback would be splitted, should the stakee be entiltled to keep whatever amount of rakeback he generated during the staking period?

I imagine this sort of thing should be discussed a priori, but would any backer accept that a stakee keeps his rakeback in case of an unsuccesful stake?

It should definitely be discussed prior, as should all bonuses, promotions, etc.

Regardless I can't think of any situation where the stakee would keep all of their rakeback if they finished down.

hi all just wondering if this is good enough stats to get staked

i would like to begin getting staked but dont want to search for staking if i have no chance on getting it

thanks for you input.

OPR: http://officialpokerrankings.com/pok...AFA19.html?t=2

Maybe. But I recall seeing your posts in the other thread, and you're going to have better luck if you look for a long term deal vs. "I feel like playing some tourneys today, stake me"

Hey guys, I have a friend who plays stud hi lo Hu sngs. HE doesn't have a huge sample but you don't really need a ton of volume in that type of game. Here are his stats. He wishes to know if hes stakeable. THanks.

peidude69 378 $2 $11 19% $764 - All study hi lo

The problem is your volume is really low...also even though its good you have a couple final tables to show your capable of closing it looks like you moved up really fast and degened it all away which is a big red flag

I have a situation where I am buying make up off an individual who used to stake the stakee im interested in backing. I have bought the make up him for half the price of the total makeup. Is the price i payed or the overall make up I bought considered proper to start the stake on?

The amount of the total makeup is what the stake starts on. If you bought $2k worth of makeup for $1k, the stake starts in 2k makeup.

I'm looking into staking a couple of americans for wsop events, and being british myself i don't expect or want to be taxed on any profit :P

Does anyone have any experience with being staked or selling a % to a non-american? I've heard it is possible for the player himself to write my bit it off to tax, can anyone confirm/deny? Is there anything either of us have to do?

Thx alot

basically what the other poster said.

you bought his full makeup for a bargain. he still owes that full makeup to you. you buying it really has nothing to do with him, in a way.

:/ I HAVE A NAME ZIMA!

j/k bump to the front page

Im looking to get staked and a person offers me to maybe get staked, he requests this information first:

"I would probably need a scanned image of your passport, a current bank statement showing account number and address, and a current credit card statement showing your account number."

My concern here is that he could use this pictures to hack my account or something, it is possible with all this "proof" that he is me, right?
What kind of information is reasonable to give out to get staked? i mean obviously handing over my pokerstars password just to get staked is a bit stupid, right?

maybe ID but never bank account number and such. Thats ridic. I mean i have heard of the password being somewhat standard though

i would never ask any of the people i stake for copies of bank statements, id's or passports. just a little to much info. as long as they can verify its actually who you say you are, than thats enough, imo. for everyone that i stake i ask for the following.

name on account
address
phone number
email address
stars account name
PW to account


all this info is non-neogtiable...

This seams really stupid since account sharing is against pokerstars rules and will probably end up in getting the accounts banned if you do lots of transfers between the accounts you share. Seams to me like building a card house when you share so many accounts and transfer so much, cuz you stake a bunch of players right?
I would just be scared that suddenly pokerstars dropps a hammer on your activity. They have IP longs that shows who loggs into the account, just like FTP has, FTP even has a option to look on those logs yourself.

This is why i find account sharing a stupid idea, but maybe its not, dunno. Am i wrong here?

its not account sharing

You share the account name and passwords, and you probably check to see if it works too, so then you logged into his account to confirm he gave you the correct password.

You have logged into his account, you have access to it, how is it not sharing?

because account sharing is is 2 people PLAYING on one account, not just being able to have access to it

11 days ago I was backed, at the beginning of march for 100/200NL stake, I was shipped 1k at the time and proceeded to play my games. We agreed that the stake would end in 2 months, and at a minimum of 50k hands.

Today, I have played 10k hands total, generally break even, up a buyin over 10k hands, today was also collection day.

After learning I was breaking even over 10k hands the staker decided he wanted to end the deal,within 20 minutes the money was shipped back and it was over.

If you know who the backer is don't out him, etc, best feller ever, and I'd still take a stake/coach from him if he offered it.

But normally, how would you feel in a situation like this, if a 2 month stake ended 6 weeks before you thought it would, and you were SOL if you had no online roll, etc.

I didn't ask if he would let me continue playing the stake because I wanted to be accommodating, and since I had my own roll, just looking for thoughts on this, I hadn't gotten out of line or anything, we did have one scheduling conflict, but thats about it.

Thoughts?