Quote:
Originally Posted by -WarriorPoet-
Morning All.
I have recently been approached about applying for a staking deal with the individuals staking group. The message was based on the strategy posts I've made (in fact I have less than 100 tournaments under my belt).
So I have decided to play for another month and then apply which will give me time to put in some more tournaments and get some more knowledge of how staking works.)
Here is the problem...I still have no clue how "makeup" works. (I have searched all the forums repeatedly.
For example, the staker pays a buy-in for a $100 tournament and the stakee loses on the first hand and wins $0. The staker pays buy-in for second tournament and stakee wins $1000...does the stakee owe the staker $100 in buy in or does he owe the $100 buy-in for the first tournament as well.
I see a lot of posts where the stakee is in "makeup" and can't leave the deal while in makeup...but if he never owes of a lost tournament and pays back make up for tournaments in which he cashes..how is anyone ever in makeup...
obviously I'm very confused....HELP
Just to add to Bren's post: I think this is how it works, let me know if it's not:
Assume 50% profit split with makeup:
1) Makeup = 0; Buyin = 100; you don't cash
2) Makeup = 100; Buyin = 100; you cash for $1000
You pay $200 to the backer and split the rest ($800 / 2) = $400 more to the backer. So the backer gets $600 and you get $400
3) Makeup = 0; Buyin = 100; you don't cash
4) Makeup = 100; Buyin = 100; you don't cash
5) Makeup = 200; Buyin = 100; you don't cash
6) Makeup = 300; Buyin = 100; you cash for $1000
You pay $400 to the backer and split the rest ($600 / 2) = $300 more to the backer. So backer gets $700 and you get $300
7) Makeup = 0; Buyin = 100; you don't cash
8) Makeup = 100; Buyin = 100; you don't cash
9) Makeup = 200; Buyin = 100; you don't cash
10) Makeup = 300; Buyin = 100; you don't cash
11) Makeup = 400; Buyin = 100; you don't cash
12) Makeup = 500; Buyin = 100; you don't cash
13) Makeup = 600; Buyin = 100; you cash for $400
You pay $400 to the backer leaving you still $300 in makeup.