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09-04-2010 , 04:45 PM
there is no standard.

should have covered it in the original agreement.


just ask your backer what he wants to do with it and go with whatever he says.
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09-05-2010 , 12:24 AM
Thank you, Zima. You are a gentleman and a scholar.
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09-08-2010 , 11:46 AM
i cant find the thread where 2+2ers under 6 months post to get staked..
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09-08-2010 , 11:53 AM
09-09-2010 , 12:22 AM
I made this post in the HSPLO forum

Quote:
Originally Posted by Quasar30
I got some great advice from roy, mig, antchev, donkey_king and iggy a couple of months ago when i asked about what terms would be reasonable for a staking deal.

Now i have another potential deal, but this will be different.


* I am staking him 75 BIs for PLO200.

* 250k hands.

* Update every monday - graphs, shipping me my share of the profit if i not choose to let it stay in the BR etc.

* Coaching...i will be coaching him 5 hours/month.


First we thought about 40/60(backer) profit, makeup, 40/60(backer) rakeback.

Is this fair? Or should we have it in a way where the % changes depending
on his results?

Like 40/60 on PLO200, 42/58 on PLO400, 45/55 on PLO600, 50/50 on PLO1k, 55/45 on PLO2k.
(He moves up at a BR of $22k, $33k, $55k, $110k)

If he wins at a rate of 5bbs/100:

PLO200:
It will take him 70k hands to reach PLO400. My profit $4.2k.

PLO400:
Another 55k hands to reach PLO600. My profit = $6.38k.

PLO600: Another 73k hands to reach PLO1k. My profit = $12.1k.

PLO1k: 52k hands left of the total 250k hands. My profit = $13k

If we assume he rakes $0.2/hand (a little lower than normal, right? But he will also be playing some on a site without rakeback or bonuses.)

Then my profit from the rakeback would be.

0.2 * 250k * 0.5 * 0.6 = $15k,

And my total profit = 15 + 13 + 12.1 + 6.38 + 4.2 = $50k


But this assumes no one of us cash out anything of the profit during the entire stake.

This will not be the case which probably will lower my return quite a bit, maybe to $40k.
He said he will be cashing out a small part of his share each month.
I will probably let most, if not all, of my share stay in the BR.

Also, this scenario of him winning at a rate of 5bbs/100 during the entire stake has to be in the top 25%, at least, of all possible outcomes, or something.
Most of the times he will be on PLO200-400 for the entire stake which lower my profit a lot, and maybe 20%? of the time he loses the $15k.

So im putting up the initial $15k and coach him about 50 hours and the return for a scenario in the top 25% would be about $40k.
(guessing you need to know my coaching rate to comment on the deal...like >$500/hour...but i dont really know)

Is this a fair deal for both of us?

What are the standard terms for these long stakes which include coaching?


edit: I did at least one mistake in the calculation. The rakeback will be a part of the BR, allowing him to move up faster, and reducing
the negative effect of him cashing out. My return in this scenario would be $50-60k, not $40k.

Quote:
Originally Posted by Ben86
no experience staking for cash games but want to point out that i think its a v bad idea to raise his percentage everytime he moves into a tougher game because his expectation is going down.
Quote:
Originally Posted by antchev
Looks good to me. I'll advice to make his percentage higher based on winrate, not on level played.
And one poster preferred a flat percentage deal.


What is standard, flat or increasing percentage?


But no one seemed to have an idea about how the percentages should change depending on his winrate.

What is fair in your opinion?

(if necessary assume that his winrate up to this point has been 2-3bb/100 on PLO200)

Last edited by Quasar30; 09-09-2010 at 12:36 AM.
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09-09-2010 , 02:48 PM
I am brand new to the site, and have been adjusting to it (and loving it) as of late. I have a decent roll on tilt, and am looking to build up relationships with people on this forum. I applied to the marketplace group so that I am able to stake out players. I realize I do not have 6 months involved with 2+2 but I thought this would be OK because I will never be the one that is being staked in this 6 month probational period. Hopefully I have not done anything wrong by applying for the market place, thanks for reading.

Kenny
(KingKovacs) @ Fulltilt Poker
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09-09-2010 , 03:23 PM
You didn't do anything wrong but you will be denied.
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09-09-2010 , 04:09 PM
Quote:
Originally Posted by JL514
You didn't do anything wrong but you will be denied.
I don't understand how people are posting in the marketplace that have less posts than me, and a join date of 1 month earlier? Is it set in stone (the 6 months) or is it sort of loose interpretation?
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09-09-2010 , 10:49 PM
They're making posts, not starting threads.
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09-10-2010 , 12:05 AM
Quote:
Originally Posted by Bren
They're making posts, not starting threads.
You can participate in the marketplace, but you cannot start your own threads.

What he said.
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09-10-2010 , 12:34 AM
Oh, thanks guys.
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09-10-2010 , 01:07 AM
I'm thinking about putting a friend into a few of the mini-ftops events. What's a standard deal for just a "one-time" type of stake? As opposed to a regular staking agreement. Thanks.
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09-10-2010 , 06:33 AM
anyone with extended plo cashgame staking experience?

how many buyins would you stake for plo 25, plo 50?
how often would you coach /week?
how many stakees/students at the same time?
how long would you stake?
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09-10-2010 , 02:27 PM
OK I just want to know if I have any chance.
I am looking for a poker loan/staking arrangement if I do well
I call it a loan, cause I can guarantee payments of $800/mnth until repaid +1 payment aka $800 profit. I chose $800 a month because I am making around $7500/mnth and after bills and what not 800 would be an easy number to hit.
If I do well however I would just transfer money every so often and hopefully make future stakig deals.
I feel like my bad play is strongly a product of playing over my head, but who knows.
Anyways just wanted thoughts on my chances of getting staked despite my newness to forum. I mean assuming I verify, Name, location, income, phone #, email, etc..... lmk
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09-14-2010 , 03:22 PM
Let's say I am selling action to a $10 event in Europe.

Today's conversion for USD to Euro is 1:1.301. Let's say I sell 1% to someone at 1.301.

On 2+2 I sell by percentages. On another site I sell shares.

Once I reach Europe and play the event, the exchange rate will be different. I think there are a few fair ways to handle this. Can someone tell me which one is accepted practice?

1) Simply lock in their % regardless of how much the currency fluctuates. If they spend $1.301 to buy 1%, it'll be 1% regardless of that 1.3 drops or rises.

2) Accept that someone who bought 1% has 1%. When I convert currency back over, I take the difference out of their share. So if the Euro has gone up to 1.5, I take out 20 cents from their payout. If it drops to 80 cents, I give them an additional 50 cents.

This would mean they reserved a share or 1% online but "bought it" at the day I exchanged it back

3) Convert all of my earnings to the exchange rate I used in the original post when I sold the action. Then, 1% would be pretty straightforward. This could obviously screw either me or the original buyer immensely if the Euro dropped or rose heavily since time of original sale.
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09-14-2010 , 03:42 PM
What is a standard finder's fee for staking. If i refer a horse who would have had 0% change to ever meet the backer for a great, no makeup deal, do I deserve anything?
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09-14-2010 , 03:46 PM
Quote:
Originally Posted by acdawg712
What is a standard finder's fee for staking. If i refer a horse who would have had 0% change to ever meet the backer for a great, no makeup deal, do I deserve anything?
Expect anything? No. Deserve anything? Maybe, but I wouldn't expect it.
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09-15-2010 , 08:12 AM
Hi guys,

Is there a thread or a place where I can read honest reviews on stakers? I'm completely confident in what I have to offer but am looking for a backer that respects their horses and treats them with dignity and haven't found a good way to go about choosing a backer I'd like to apply with, without applying and finding out later through future communication or even worse.

Thanks for any advice on how to get more information.
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09-16-2010 , 03:43 AM
Quote:
Originally Posted by Nofx Fan
Hi guys,

Is there a thread or a place where I can read honest reviews on stakers? I'm completely confident in what I have to offer but am looking for a backer that respects their horses and treats them with dignity and haven't found a good way to go about choosing a backer I'd like to apply with, without applying and finding out later through future communication or even worse.

Thanks for any advice on how to get more information.
interesting idea.


there is no section in the MP that shows what backers are good backers. usually the ones who are around for a long time are doing something right.
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09-16-2010 , 09:31 AM
A friend wants to stake me b/c he needs players at his game for rake. This is basically a one night stake deal, so what would be good terms for us to set? I dont know much about staking and have never done it before, so my initial idea is something like

1) He stakes me for 1 full buyin
2) I repay 100% of stake + 50% of profits for the night
3) No makeup (this means if I lose it's on him, right?)

Or possibly

1) He stakes me for 50% buyin
2) I repay stake + 20% of profits
3) No makeup

Or lastly

1) 30% makeup of any amount
2) 80/20 profit sharing deal for the night in my favor
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09-18-2010 , 06:28 PM
i use a website a friend developed. its not a way to really track people, but a way for them to update me/keep me informed.


if you are worried about scamming/whatever, use sharkscope. sharkscope may miss some games though, so can ask for a account audit (from stars).


also using teamviewer to look around a horses account can be good at times.
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09-18-2010 , 06:39 PM
Quote:
Originally Posted by Zima421
if you are worried about scamming/whatever, use sharkscope. sharkscope may miss some games though, so can ask for a account audit (from stars).


also using teamviewer to look around a horses account can be good at times.
The best method to avoid scamming is just be very caution on who you stake. Obviously easier said then done.
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09-19-2010 , 05:13 AM
Quote:
Originally Posted by Zima421
interesting idea.


there is no section in the MP that shows what backers are good backers. usually the ones who are around for a long time are doing something right.
i guess the positive feedback thread could be used for this purpose, but i agree a specific thread for feedback on backers is a useful idea
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09-20-2010 , 09:23 PM
Not sure if this has been mentioned itt, but I wanted to find out how backing deals work when exchange rates are involved.

For example, let's say my backer and I both have moneybookers accounts in canadian dollars but I play on poker sites with USD. When he sends me money through moneybookers, he sends the amount in USD (which requires an exchange rate determined by mb). He does this so that later we can easily calculate makeup or profit by comparing my poker account balance (USD) with the amount he sent me in USD. However, when I deposit or withdraw from a poker site, the money has to be exchanged using the sites exchange rates one more time. Eventually, quite a bit of money is lost by the time a cashout reaches back to him.

Does anyone have any experience with this, or any advice to suggest? Should the money lost due to exchange rates affect the backee's side of the profit rather than the backers? When the backee is in makeup, should money lost due to exchange rates be added to the makeup? Should backer/backee both take a hit?
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09-21-2010 , 10:22 AM
considering backing a couple ppl, interested in opinions on positive makeup/paying players in makeup from the start - ie, having a deal where profits are split 50/50 but with 80/20% or whatever on any profits taking player into positive makeup (or if they are already in makeup they get 20% of the win and only 80% is added to makeup).

Eg, stakee 1 wins 20k first week to get to 20k clear profit, i get 10k, he gets 6k and 4k is positive makeup (there could be an aggrement that stakee has to play certain no of hands or weeks before quitting in positive makeup and taking it as profit.) And of course if stakee 2 is in 20k makeup but wins 20k then only 16k goes against that and he gets 4k to take home.

Seems a better idea than 50/50 and 100% makeup to start but then giving 80/20 on makeup or something if someone gets deep to try and avoid them running youn into the ground, particularly since in current times many people may not even have 25% roi and may therefore never actually get out of makeup unless they hit a hot streak.

thanks
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