There is no pure formula (that I will bother to derive) as it depends on how often the player cashes and how many tournaments the stake is over.

For the standard 2p2 Sunday package, it's somewhere around 20% mu if I had to guess.

there is no standard really


some backers make fpps/rakeback apart of the deal, others dont.

I was thinking of looking into getting backed/coached for msmtts. But I would like to keep my micro/low action. Are backers interested in such deals?

nope

anybody who actively posts in this section from ct or go to mohegan sun or foxwoods alot?? i was thinking of gettin into 3 or 4 napt events at the sun and was not looking on taking on the whole amount, maybe goin 50/50... any suggestions or anyone who is already doing this can offer advice?

Have any of you american stakers incorporated overseas for tax purposes? Any advice on the subject?

Hi All,

I know this isn't the staking forum but the policies of 2+2 prevent me from being able to jump straight into the marketplace section and open new threads as a new member of this site. So sorry for that but hope you can all still help me all the same.

I have an investment background and I play poker recreationally. After many hours thinking about it I've decided to get involved with staking as a backer but I have some broad 10,000 ft down questions that I'd like to get some opinion upon please. In no particular order...

If a backer backs an MTT horse on a particular schedule would it be normal to provide the funding daily, weekly or monthly for a new relationship? And I assume whichever chosen would also be the return of any profit share?

Does anyone have any idea on the frequency of backers having their money stolen? Or renogiated IF the horse pings a large win and starts holding the backer to ransom for his % cut?

If a backer is staking SNG or CASH horses I would think a daily transfer both to fund and sweep profits is fairly acceptable?

Can anyone else shed anymore light on the basic logistics of such matters.

Many many thanks.

If a backer... Daily or Weekly for sure.

Does anyone... This is super dependent on how selective you are in choosing players. Some players are clearly more likely to steal. Find players who have a vested interest in working with you and this chance goes way down.

Hopefully that helps some.

Just remember you got the money, so YOU HAVE THE POWER. If a player doesn't understand that, they will probably be a headache later on. Run things the way you feel is best, if they arent happy they dont have to take the deal. Dont mislead people, be up front with what you offer. Good Luck.

Im considering seeking staking but feel my chances are not so great and would appreciate some advice before I go messaging backers and wasting peoples time. Im a decent mtt player these days, learning a lot and by no means an established pro. I still have a day job. I was a total fish for around 06 til 09, gifting small donations to stars until I decided to start really learning the game. Since then I have built a roll of 4k playing mostly mtts. I have -8% roi on stars for 2010 and around -20%there lifetime for mtts(tho at least half these losses are covered by my being a winner at sngs even back when I was a fish), but am positive roi on all my other sites, however only one is over a sample of over 1000 games, which is the very fishy pkr, where im over 100% roi and really consider myself one of the better players. Sitting in the top few hundred there for mtt rankings. I know I still need to improve, and would like to look into backing as I find the swings with mtts to be quite painful. Would also like to play a bigger set of games in series such as mini ftops without taking small shots where im rolled for 100 bis rather than the safer 300 odd. I regularly post in midstakes mtt strat. What do you think my chances are of getting some sort of staking and what kind of terms might I get? Would it be better for me just to start buying and then selling shares in the marketplace to achieve the goals im aiming for? Or should I just slink back to $10 mtts and stop hoping to open up my options for small shot taking? Thanks in advance and apologies for tl'dr

Serious advice and not trying to be a douche. I write like **** so I wouldn't make light of someones writing.

Paragraphs. Break up your writing a bit and make it readable. If you go filling out applications you're probably going to have to sell yourself even more if your stats aren't great. You want the prospect to read what you have to say so try and make it as readable as possible.

I think there's some people that will help with that on this forum. Look in the marketplace. You might need to throw them $5 for their time but it would be worth it if you got a nice resume/application made.

gl

Not at all, thanks for the advice.

In fact I write for a living so I have no excuse! Just happens I wrote that post from my mobile phone on the way to work, hard to format from there :P

(REPOSTING GIVEN ADVICE FROM ABOVE POOH-BAH, HOPE THIS IS OK...)

Im considering seeking staking but feel my chances are not so great and would appreciate some advice before I go messaging backers and wasting peoples time.

Im a decent mtt player these days, learning a lot and by no means an established pro. I still have a day job. I was a total fish for around 06 til 09, gifting small donations to stars until I decided to start really learning the game.

Since then I have built a roll of 4k playing mostly mtts.

I have -8% roi on stars for 2010 and around -20% there lifetime for mtts (tho at least half these losses are covered by my being a winner at sngs even back when I was a fish).

However I am in very positive roi on all my other sites, but only one is over a sample of over 1000 games, which is the very fishy pkr, where im over 100% roi and really consider myself one of the better players. Sitting in the top few hundred there for mtt rankings.

I know I still need to improve, and would like to look into backing as I find the swings with mtts to be quite painful. Would also like to play a bigger set of games in series such as mini ftops without taking small shots where im rolled for 100 bis rather than the safer 300 odd.

I regularly post in midstakes mtt strat.

What do you think my chances are of getting some sort of staking and what kind of terms might I get?

Would it be better for me just to start buying and then selling shares in the marketplace to achieve the goals im aiming for?

Or should I just slink back to $10 mtts and stop hoping to open up my options for small shot taking?

Thanks in advance and apologies for tl'dr

what do backers put in their staking agreements with regards to either 1) stakee's cancelling the stake before the end and 2) playing past a stoploss, or playing higher stakes than they are supposed to?

i am thinking a buy-out clause or fine of some description, maybe like 2 or 3 buyins?

A question regarding make up...If its the backer´s decission to end the stake does he have any rights to demand/request his money back?

If the player didn't break the agreement, then he doesn't have grounds to ask for makeup. He certainly could ask for the actual stake back.

This is where i was expecting to hear...Isnt in generall make up and stake back the same? To be more specific...Lets say by the time this backer decide it to end the stake i was $300 in make up i didnt how profit for him...Is this amount make up or stake back? Can explain both concepts?..Thanks.

i send a horse 1k, he loses it

i send 1k more, he loses it

i send 1k more, he loses it


i send the horse 1k more...at this time he has 4k stakeback with 1k in account. he has 3k in make-up (4k originally sent MINUS the 1k in account)

I have asked this question before but I will try again as I have never got a definite answer. How do the big backers deal with taxes. In the US I guess you definitely have to pay tax as poker itself is taxable, but in the UK its not. How do the big US backers deal with there profit, do you file it under poker winnings, or does it come under investment?

I'm guessing if staking poker players falls under gambling then its tax free in the UK, If it is considered investment, then it isn't.

In reality, all investing is gambling.

I can think of arguments for filing both ways. I assume the filer is going to file in a way that minimizes his liability without breaking the law.

Can someone tell me what the big staking sites are?

I know that there is parttimepoker.com However, I do not like that one because the require you to have an account on Full Tilt and Poker Stars. I do not have an account on Pokerstars so I cannot sign up for their account at this time. I don't feel like setting up the Pokerstars account.

What are some of the other big ones?

lol, prepare for people to spam there websites (I would but mines not quite finished )

its just really dumb for people to talk about tax stuff on a poker forum. giving bad advice can really be awful for someone, and it's just not worth it.

if i want to stop staking someone cause i feel he is no longer profitable in the games, i take the hit on his make-up

if i cant fund him, cause i am busto, i take the hit on make-up.


if he steals from me, and i have to drop him cause i dont trust him, he owes me the make-up (i have this specifically written in my contracts, fwiw)

if he wants to play on his own, and is in MU, i usually just work out a buyout with the horse.




there are so many dif scenarios, that there is no real "hard and fast" rule.

Well in this particular escenacio this backer stop backing cuz he was to busy at school to be dealing with horses and wasnt ready to dedicate any time to a stable, he started to back me as a favor to a mutual friend.