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***Official Staking Discussion Thread: Use this thread for staking advice/questions*** ***Official Staking Discussion Thread: Use this thread for staking advice/questions***

04-08-2010 , 02:50 PM
Quote:
Originally Posted by Chuck Bass
Hey Zima,



I have been offered a staking deal by a high stakes player who has confidence in me and knows me personally (so no trust issues). We can work out everything else by ourselves, but we're only struggling on one question.

I've played MTTs professionally since december '09 (cash games professionally since '08) and during these 4 months I've played thousands of MTTs and am up about 23k at the ABI of $22, in other words a little over 1000 buy-ins in 4 months. I haven't gone broke or anything, I was offered this and didn't ask, and would like to use this just to move up in stakes faster. I've had to withdraw a lot for expenses I'd rather not discuss here, so despite my success I don't have anywhere close to 23k in my pocket.

How should we split the profits? Basically I would withdraw my whole roll and play entirely under his money. The stake he'd provide me would be about 15k and I'd be playing with the ABI of $30-$40, so risk of ruin should be close to 0. I'm going to guarantee to pay back 100% of possible losses to him if I somehow manage to bust myself.

So, you are gonna pay back any loses that you incur. so this is basically a loan for you to get back on your feet, so to speak?


How should the winnings be divided? Don't ask me why I want to do this or how it's unfavorable, I'd just like to hear how the percentages should work out.

Thanks a lot!
If you really are gonna pay back all the loses, i dont see why you should have to give him very much of a cut. but, its kind of a weird deal for you to pay back loses and i really dont have much experience in structuring a deal with that clause in it.


i would say given what you said in your post, the deal should be something around 70/30 in your favor (maybe 75/25ish).



again, i have no real experience with a deal like that, and those numbers are just pulled off the top of my head.


why dont you just enter into a "normal" staking deal. 50/50 with make-up and you dont have to repay loses and you can play all the same mtts that you normally play, and ask to mix in a few bigger buy ins.


i guess since you think you risk is "close to 0" you will never have to pay back that money cause you will never busto the 15k stake/loan. so you want more %'s.



gl
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04-08-2010 , 02:52 PM
Quote:
Originally Posted by sick cards
Hi Guys,

I have some very sick live results live and wondering where I could look for a backer or where you would recommend. I am not the kind of guy that likes to go this direction considering my experience and results roi wise, but the ROR for me to play WSOP events this year to be to high. If someone can provide me where I would write in more detail regarding this that would be awesome?? I have been on a podcast and in 2 recent magazine articles are coming out for June and May about me. I can provide awesome refernces and links of my results.

I appreciate any extra direction regarding this.

Thanks,
you gotta get approved to post a thread in marketplace, and than you can post a thread in the "staking" section.


tbh, you prolly wont find to many backers who are looking to stake someone for a whole WSOP. networking when you are at live events would prolly get you a lot farther.
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04-09-2010 , 12:04 PM
Am trying to give zima421 a private message but can't find out where to post it to him... have looked everywhere!
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04-09-2010 , 12:15 PM
You're too new to send PMs. If that was even a question you were asking.
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04-09-2010 , 04:53 PM
This is a question to those who have been staked - Has being staked ever reignited your love of poker or perhaps given you a sense of direction. My volume has reduced a great deal in recent months, mainly due to a life changing event outside of poker. Although I do still have a decent bankroll for the stakes Ive always played, Im trying to get interested again and wonder if a staking deal would help me gain direction in that i would have something to aim for etc
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04-11-2010 , 07:52 PM
Quick question, guy I want to stake that I met on another site wasn't willing to sign a contract to the matter, his reason was poker is illegal in his country(europe). He then said that he was willing to just create a post on the fourm and that would serve as the agreement. What do you guys think, a good idea or a sketchy way to start off the relationship?
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04-11-2010 , 09:12 PM
Why would one want to be staked 50/50, cash game, on a long term basis.

You'll play a harder field? Not making more money than if you were playing half lower stakes

It must be real simple but I don't get it
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04-12-2010 , 12:27 AM
problem-no references. i am now seeking a stake since it has been almost impossible to build a BR with all money i can grind out going to things non poker related. I have great stats for the games i wish to be staked in but am having a hard time finding someone to invest the trust in me. I live in the middle of nowhere and have no poker related friends and have only frequented the forums hit and miss in the past few years. How do i break the through this barrier?
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04-12-2010 , 12:58 AM
Quote:
Originally Posted by elduderino
Quick question, guy I want to stake that I met on another site wasn't willing to sign a contract to the matter, his reason was poker is illegal in his country(europe). He then said that he was willing to just create a post on the fourm and that would serve as the agreement. What do you guys think, a good idea or a sketchy way to start off the relationship?
i dont actually make people sign contracts for the staking i do. i just type up something on AIM and have them type "i agree" at the end.

Quote:
Originally Posted by Urbain
Why would one want to be staked 50/50, cash game, on a long term basis.

You'll play a harder field? Not making more money than if you were playing half lower stakes

It must be real simple but I don't get it
some people dont have the money to play. some people like playing on stakers money more than their own. its really just a personal thing for a lot of people whether they want to be backed.

Quote:
Originally Posted by sneakyAris
problem-no references. i am now seeking a stake since it has been almost impossible to build a BR with all money i can grind out going to things non poker related. I have great stats for the games i wish to be staked in but am having a hard time finding someone to invest the trust in me. I live in the middle of nowhere and have no poker related friends and have only frequented the forums hit and miss in the past few years. How do i break the through this barrier?

just gotta make some friends on the forum and become more involved. I have staked a ton of people with no refs.
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04-12-2010 , 10:49 AM
Quote:
Originally Posted by Urbain
Why would one want to be staked 50/50, cash game, on a long term basis.

You'll play a harder field? Not making more money than if you were playing half lower stakes

It must be real simple but I don't get it
Adding to what Zima said being staked effectively eliminates the risk to your bankroll as well. While you might make less money, you're risking much less as well.

Quote:
Originally Posted by sneakyAris
problem-no references. i am now seeking a stake since it has been almost impossible to build a BR with all money i can grind out going to things non poker related. I have great stats for the games i wish to be staked in but am having a hard time finding someone to invest the trust in me. I live in the middle of nowhere and have no poker related friends and have only frequented the forums hit and miss in the past few years. How do i break the through this barrier?
Definitely have staked people with no references before -- everyone has to start somewhere right? You will have decent luck if you can post stats/graphs that prove you're a winner, are willing to provide some personal information, and are willing to minimize a staker's risk by starting at a game lower than you'd like to prove trustworthiness and ability.
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04-12-2010 , 07:59 PM
I posted this initially in NVG , but was told this would be a better place to get feedback.

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?
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04-12-2010 , 08:17 PM
she owes half, and its not even that close.


she was staked to play the MTT with no mention of the satellite. the mtt stake still stands no matter what happens prior to that.


she owes half of her profits + the initial stake back.


it also seems like she was trying to free roll him as well, but thats kinda hard to prove.



(also copy pasted from thread in NVG)
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04-13-2010 , 12:09 AM
Quote:
Originally Posted by Zima421
she owes half, and its not even that close.

Yeah this. Add to that the fact that she made no attempt to contact the guy to let him know she won a satty makes it pretty obvious what her intentions were.

It's almost a lock that she wasn't giving him the 330 back if she didn't cash.
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04-13-2010 , 12:26 AM
Curious as to what % is standard stakes, obviously it depends on games played and avg buy in and roi. Is there some type of way to figure out what you should be expecting?
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04-13-2010 , 12:33 AM
50/50 is standard
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04-13-2010 , 01:06 PM
can any1 helpme here, i recently got my 1st stake, it was small for a 100bucks to play .50/1 FL. 1st few days went great was up 50 or 60. then everything went downhill from there. i have never had a bad run like this. sucked out on 9out of 10 times it seemed like. my question is this. what do i need to do? i am way down and i am feeling horrible. i already wrote the staker and told him what happened but haven't heard anything back yet. i am particularly upset because this was my 1st stake and thus far my record sucks. i will alsonot the staker had me start fresh on a new skin but played against the same players i usually played and done well against...
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04-13-2010 , 02:13 PM
Quote:
Originally Posted by jenisis
can any1 helpme here, i recently got my 1st stake, it was small for a 100bucks to play .50/1 FL. 1st few days went great was up 50 or 60. then everything went downhill from there. i have never had a bad run like this. sucked out on 9out of 10 times it seemed like. my question is this. what do i need to do? i am way down and i am feeling horrible. i already wrote the staker and told him what happened but haven't heard anything back yet. i am particularly upset because this was my 1st stake and thus far my record sucks. i will alsonot the staker had me start fresh on a new skin but played against the same players i usually played and done well against...
just keep gridning and have a positive attitude. the last thing the staker wants to hear is about how you are running bad/losing his money. most stakers understand that bad runs will happen and arent to worried about it.
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04-13-2010 , 02:16 PM
Why did you take a .5/1 stake with $100? That seems way too small?

Other than that -- keep your chin up
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04-13-2010 , 02:22 PM
Quote:
Originally Posted by JL514
Why did you take a .5/1 stake with $100? That seems way too small?

Other than that -- keep your chin up
100$ for .5-1 FLHE isnt that crazy of a small bankroll to start with depending on how many tables he is playing. might be a tad short if the staker isnt online all the time be to able to reload, but sending someone a whole bankroll to start is probably one of the biggest mistakes backers make to begin with.
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04-13-2010 , 02:25 PM
that is what he offered me. being my 1st stake i didnt complain... i am down so bad it will take me 4ever to recover. should i just send him the 100 outright and cut the losses or see if he will restake me and offer to send him 20bucks every 20 i make till the 1st stake is paid off??????
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04-13-2010 , 02:25 PM
Quote:
Originally Posted by Zima421
100$ for .5-1 FLHE isnt that crazy of a small bankroll to start with depending on how many tables he is playing. might be a tad short if the staker isnt online all the time be to able to reload, but sending someone a whole bankroll to start is probably one of the biggest mistakes backers make to begin with.
Totally agree with this comment. That goes for most things in life also... dont be foolish with your money!
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04-13-2010 , 02:47 PM
Quote:
Originally Posted by jenisis
that is what he offered me. being my 1st stake i didnt complain... i am down so bad it will take me 4ever to recover. should i just send him the 100 outright and cut the losses or see if he will restake me and offer to send him 20bucks every 20 i make till the 1st stake is paid off??????
how much are you down?

it really shouldnt take you forever to recover if your stakeback is only 100$ playing .5-1 flhe.


the stake is one continual thing. if he reloads you it just goes on your stakeback number and you gotta play til you clear that number. after you clear that number you can split the profits 50/50
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04-13-2010 , 02:56 PM
oh ok, so he prob wont let me go???
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04-13-2010 , 03:00 PM
i was 4 tabling.... down to 10
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04-13-2010 , 03:04 PM
just talked to my staker, he didnt seem too pissed with me,thank god i feel bad enuff already. sounded like he is gonna reload me
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