for people who stake on Merge, how do you transfer money to players? I assume you use an outside processor but Neteller isnt available to US players right? how about MB?

Merge has P2P transfer

how do i do p2p transfer on carbon? i cant find the option.

On GR88 you just click cashier, then transfer

Cross posting from the Random MP questions thread as to get a bit more feedback on this situation.

hey guys so me and a new horse is having a disagreement.
I made a deal with a horse with a clause of a 20k buyout if he quits the stake.
The next day he comes back and tell me he has a new stake with a better offer.
Even with clear evidence he tried saying how we never had a deal which pissed me off like crazy. i had to explain for hours and hours telling him we had a deal. In the end he found a 3rd party to judge if it was a deal or not. 3rd player rule in my favour.

now we are at this point

our agreement we had a clause if he quits my stake he has to pay me 20k buyout. i understand 20k buyout for a stake that never happen is high which is why im willing to negotiate the buyout amount. Imo if he stick with my stake i would have made 25k since that is when the stake ends if he makes me 25k. Hes a very talented player so it was pretty much a lock he wouldn't lose money on this stake.

He offer me 500$ worth of a buyout. that imo is ****ing a joke. Wasting my time(10hour or so) settling up a deal for him and causing me a lot of stress. If he just came and said yo i got a better deal i want to quit your stake, 20k is too high can i buyout for a smaller amount? i would have felt better to take a lot smaller buyout but coming and saying yo we never had a deal and i am going to get a new deal from someone eles.

i would want a fair buyout + time and stress he cause.
also note he is a solid ++ev investment so pretty low chance he will lose money in the stake.

what do you think is a reasonable offer.

thanks

How far did you get in the process?

Did you send money?
Did he play any games with the money?
Do you have a set of terms you require a player to sign/send to you?

nope usually when i stake people, its just a verbal binding, never got anyone to ever sign and send me the documents (pretty big mistake i guess thats why im not in the staking business anymore, this was my first signing in awhile). he didn't play any games as he was still settling up the accounts. no money was exchange
the thing is i was going to send him money but he already change his mind before i got a chance to set it up. all within 48hours or less of agreeing then backing out.
he wanted to play on a network where i didn't have any money on so i had to look for other options which i told him it would it take a few days up to a week and he was fine with it

So basically you went through the process of signing him, presumably hadn't even funded his account or had him play a single hand or tournament on the stake yet, he comes to you ASAP and says no deal. You think this entitles you to any kind of buyout? Big LOL at that clause, let alone a 20k buyout (giggle). Just move on. I wouldn't have offered you the $500. Who's this 3rd party ruling in your favor?

it is noahsd

I would be shocked that noah ruled in your favor having all of this info. And wonder exactly what number he thinks is fair. $500 seems waaaaaaaay more than fair imo.

lol yea the 20k is absurd i know that is why im looking for a more fair agreement, i never expect the 20k buyout to be in use just so he wouldn't leave. obv even if we take out the 20k buyout we had an agreement he would play hu for me for 5months.

lets take out the 20k, 20k is not significant now, i am not asking for 20k.
I am asking for ending our agreement compensation + time + stress.

Wow.

Paging Mr. NoahSDavidowitzxyeugvsuyvs

Take the $500

put a $ on how much an hour is worth of your time and multiply that by how many hours you spent in this deal before it went sour. pretty tough to find a solution to this but this sounds reasonable,


wasted time has to have some compensation, time=$

So, what happened was kind of weird. The two of them were busy arguing with each other while I was trying to say what I thought about the issue and asking them some questions. In particular, the day before I was contacted, the potential horse had been trying to get the stake started ASAP, but jlost was saying that it was hard for him to get money to the right place quickly. jlost had mentioned that he was going to move money around for the other party and pay pretty high vig to do so. This part of the conversation was also left out by the potential horse originally and only brought to my attention by jlost, so that added a bit more confusion. (It also obviously made me suspicious of the potential horse's intentions since he only sent me an earlier conversation that made things sound way way different.)

I said:

[4/21/2011 1:27:18 AM] Noah Stephens-Davidowitz: but it's clear that you've been wronged here to some extent
[4/21/2011 1:27:20 AM] Noah Stephens-Davidowitz: not a large extent tho
[4/21/2011 1:27:25 AM] Noah Stephens-Davidowitz: you moved money around for him?

I thought that the answer to this question was definitely yes because of the way that their conversation read, so I was just trying to hear the story of him moving around money and paying vig and get the numbers out of him, and I planned to tell him that he was owed the vig that he paid and was considering suggesting a tiny bit more in the form of a stupid tax on the potential horse (who handled this situation as stupidly as possible). jlost obviously read my statement that he was wronged as a conclusion that he was owed money. (I would've avoided using loaded terms like that before coming to a conclusion if I'd thought about it, but I was pretty sure that he'd paid vig and therefore was owed it, and it was the middle of the night while I was doing other things when I was randomly contacted about this, so I wasn't watching every word I said.)

It turned out that the deal fell apart before he actually moved money or paid vig. So once I finally got that clarified, I began explaining my thoughts in my typical long-winded way, planning to conclude that he was owed nothing but that I think they would both be happy with some tiny gesture of good will from the potential horse (like first dibs for his next stake or maybe even a tiny freeroll). But before I get to the punch line, potential horse jumped in and offered him a ridiculous deal. (It's not actually $500; it's this freeroll thing that they decided fairly arbitrarily is worth roughly $600.)

I didn't think it was any of my business to tell the potential horse that that was overly generous (in my opinion, if they both agree to something, the matter's settled). So, I stopped what I was saying and let them talk it out. (In the interest of including every slightly relevant detail, I'll mention that I did make sure that the potential horse clarified the terms of the deal because his original wording was ambiguous and could have been interpreted as giving jlost something way way way more valuable than what the potential horse intended.)

The fact that jlost actually rejected the deal surprised the hell out of me... I obviously told him that he was being completely ridiculous, but I didn't get much chance to say much between the two of them arguing about it.


FWIW, I didn't realize until reading jlost's post now that any of this might have been caused by a misunderstanding of what I said. I basically felt like neither of them was that interested in what I had to say.

Thanks for the clarification Noah. Things make much more sense now.

Jlost- The fact that you posted this while leaving out pertinent information (paying high vig to transfer money) that caused Noah to say you were wronged is just ridiculous. From Noah's perspective you never actually got a ruling at all. So coming in here and throwing the name around of a well-respected member of the community to try to support your side in the way you did is really just a disservice to Noah. If I was ruling on this debacle, I'd call for an idiot tax as well. But it would be YOU paying Noah.

to be fair i def think we owe noah something for his time that we wasted. don't get me wrong here. i would have paid noah 100$ for his service as a mediator.
i thought 100% for sure noah sided with me, we had a deal, he probably thinks i wasn't interested in what he had to said because he doesn't think wasting one's time should be counted in the compensation but doesn't change the fact we had a deal and stakee broke it.

anyways i think its going to be hard for a 3rd player to make a judgement without all the facts and the convo. i think me and the stakee got this under control now. I know where my mistake is now and how to proceed.

thanks guys and thanks to noahsd esp again.

I dont see a thread on live staking, I have a few questions as a stakee.

Are expenses usually included in the stake? Gas money, food, drinks? Is there a certain guideline for tipping dealers?

Im guessing it varies depending on the backer?

Any other useful info would be appreciated, im a U.S. Winning online mtt player looking to transition into live cash & mtts.

Thanks.

For live staking, what's a normal/usual time frame to split?

Let's say they're spending majority of the time in the prime playing times (Friday/Saturday nights)

No PT3/HEM to keep track of how many hands so thinking of just using a time frame instead but not sure what would be usual for live play.

Say the agreement is for 25 large field tournaments with 15% ITM and 50% ROI. What's equivalent to the 75% winnings backer/25% winnings backee (1.33 markup) stake in a stakeback deal?

I'm a bit too lazy to do the math on this one. Maybe when I snap out of this Black Friday funk.

What do you guys think about the staking environment on Cake and Merge right now. Are backers gonna have to payout lower %s to hedge against the new reality that accounts could be shut frozen? Has anyone seen much US player staking going on since BF?

Yeah I'm interested what people think about Merge too

I wouldnt stake a US player