Why are you ending the backing agreement? If it's open-ended than you shouldn't be ending while you're in makeup. If it's for a set amount of time/tournies than you shouldn't have chopped profits until that time.

Stak

How common is it for the stakee to scam you out of your stake or playing as agreed and then not send the winnings? I am seriosly considering staking some people but it feels like I don't know enough about staking in general, like the risks. I have thought about setting off a couple of thousand dollars and spread it out to minimize the risk of losing it all if someone just takes the money and I never heard from them again. Ofcource money could be lost playing as well, but that is another thing as I see it.

Hi I have $5000 in bankroll and I am a winning player on 1-2/2-4
I pay my bill with my bankroll.
I am staket from today. I did get $6000 from a friend and he tolt me to play to $24000 then give him back $12000.
You think this is a good stake?
I play 1-2 till I have $15000 then I play 2.5-5 till I have $24000.
If I bust I dont give him anything.
The rakeback I cashout every month and I get the rakeback to my self.
Thats the deal.
My $5000 bankroll I did have before stake I pay bills with.
What you think?

he should get the stake back before the cut at the end...

How exactly does one send the money to a stakee? This is for playing on stars, btw.

Thanks.

I'm 3 of 5 atm...

Oh man, I am sorry to hear

...transfer it to them on stars?

anyone here that buys a lot of pieces or backs people want to give me some advice on a deal I'm trying to make with a friend.

There is a live poker tournament series coming up.

My friend is interested in buying a piece of me. What is the typical % for this.

For some reason I said 50/50, is this typical? I think I'd be better off just having him back me and doing a 50/50 chop of all profits. But if he buys half my action then at least I won't get into any makeup and I will be paying all live mtt's half price.

but the more I think about the more I want less of his action. Idk, he's a good guy I've known for a while and better then me at poker.

plz someone with good knowledge about buying action respond. plz n ty n advance

if this should be posted somewhere, plz direct me in the right area, I couldn't find it on here

Just out of couriosity, but most times are staking deals normally done with the shake of the hand, or via written contracts?

Also, are there tax forms you need to be aware of to be used when the person that was staked, cashes?

Is it standard to have the backer know your password when being backed for high stakes.

not worth it imo. make the money urself.

diff for diff backers.

yes

quick question regarding being backed for satellites...

Say you have a standard staking agreement for 50/50+makeup.

Now you play a few qualifiers on pokerstars EPT/APPT, whatever, and win a package. You spent $2000 trying to qualify, and the package you won is worth $6000 (this inclueds a $2500 entry into the tournament, your hotel stay, and $1000 spending cash)

Now pokerstars only puts 1k into your account, how does this work? You actually won 6k, but most of the value is in the tournament that you must play in. Do you just chalk up 6k into makeup? Do you subtract hotel? Spending money? Does your backer just keep your original 2K that it took you to qualify, put that in your makeup, and you get a freeroll into the tourney giving 50% + the original 2k of makeup?

How does this work?

Also, another question regarding how the pokerstars packages are set up. Do they count spending money as part of the actual prizepool? Or does PS put up the extra spending cash, for wearing their gear at the tourney? Does this really even matter? If you win a 5k package, and pokerstars gives you an extra 1k for qualifiying on their site (6K total, you might have to wear their gear or whatever) Is makeup + 50/50 split taken from the 5k or 6k?

Just wondering, thanks

can someone tell me what the standards are for tipping someone you have a piece of in an MTT when they cash? What about when they make the final table?

I would never tip them for cashing or winning.. you are staking them to make money and winning is what you are ultimately expecting in the long run.. however if they are consistent or winning a lot of money for you, you can consider switching into a deal that is more favorable for them such as 40/60 or 45/55 backers cut

I'd just like to say that the cash game staking deal lots of people are mentioning here; where the staker takes 100% of the losses and gets 50% of wins is an absolute joke for the staker. That was like a gift Knish gave in "Rounders", not a serious deal.

I mean, I play at >5PTBB/100 and am up 400k lifetime, but if I were staked by that deal, the staker would be down a mill at least.

Most deals are 50/50+makeup (i.e. if you have a losing session than a winning session, you don't actually get 50% of the profit as a backee until you get above the amount you lost originally).

Hey guys,
I'm a small stakes mtt grinder, and I was wondering how likely I am to be able to find someone to stake me. I'm showing 52% roi/120 days over 754 MTTs with an abi of $16. Is this good enough/a big enough sample size? I also don't really know how to go about getting a stake, especially because my low post count means i'll probably get ignored here.

Any help would be dandy; even if its just telling me it's not gunna happen.

a lot of poker players for some reason seem to have absolutely no qualms at all with trusting their money to complete unknowns who have no references

you are massively confused by staking/backing

this

Ok, I've never done staking and I just read over this thread. Sorry if my question sounds trivial.
I'm looking to stake a buddy for 1/2 NL online, as I'm pretty sure he'd be a solid winner in those games. I'd put in the whole bankroll. What's the standard deal regarding the distribution of his winnings?

If you are sure he will be an average winner 50-50 with 100% make-up (if he loses on the stake, he plays on a level he can beat, chosen and rolled by yourself, until the money is made back).

Normally you wait until the term of the deal has been fufilled before splitting profits but sometimes it's done each week/month/x of hands.

Hope that helps.