That's extremely difficult for obvious reasons. You should network around your local casino and build trust in whatever community you play in.

No one can help me? Im not looking for exact numbers in particular, just a hint would be enough. Thanks again.

The markup you can charge is solely based on what the marketplace will pay. The "added" prize pool is nice but it has not bearing on your ROI. If you have results that show your ROI that is what an investor will look for to make the decision to invest or not. You have free reign to price it at whatever you like, it doesn't mean the MP will buy it. If I were you making my first package or event offering I would start with 0% or <10% to build some trust and show some results. Just my two cents. HTH.

Tom

I would like to get some feedback from the community regarding long term backing. I have been backing someone for about a year and we agreed that I would back him in NL cash and tournaments with makeup. We also agreed to put rent, some living expenses, and travel expenses in makeup. We agreed that any PLO played would be on a case by case basis and if I didn't want to back him he could play on his own.

Today, he decided to play a NL tournament and he texted me before the tournament, "I'm gonna take a shot on my own in this tournament." I'm trying to see both sides of this before I approach him and we discuss it. This tournament is on his own obviously but I feel a little slighted. Because it is a long term backing arrangement, I don't think it's fair to me for him to be able to pick and choose which events/games he takes on his own. This is the first time this has happened. Do you think this is fair?

I will take the blame for lack of communication on this. I thought we discussed it at some point but never put it in writing.

Based on what you said about the deal this tournament should be on the stake if you want it to be. Just make it clear to him for the future if it isn't clear already that it is you, not him who decides if a nl tourney is on the deal. You should put everything in writing to so that it is clear to both of you what the deal entails.

You should always have first choice of his action. If you decline then he can play the tournament on his own dime.

Basically this. You have the right to stake him in tournaments you regularly stake him in. Don't make a huge deal over it but make it clear that going forward this is how he should operate.

Thanks guys. It's sorted out now and no hard feelings. I don't think he understood why I don't think it was fair of him to do that but he agreed that he wouldn't do it again.

Newbie question about MTT staking:
Profit split after each month. Horse is in the profit for month 1,2,3, but in the red on 4th. Is the makeup the -$ of the 4th month or 4th minus stakers profit from the previous months.

the 4th month only, u start anew after each profit split

Quick question on staking terms guys... when someone offers to "put you in" a tournament, in this case for 75/25, that still means I have to pay him back the buy-in if I don't cash, right? I'm confused and I don't know the guy that well so I'm trying not to be awkward but I think I've accomplished just the opposite @_@

I know most backer relationships involve the backer paying buy-ins and splitting profits 50/50 with the player paying make-up on uncashed buy-ins, right? I don't see how that's to my advantage though, if I'm still basically risking $150 to only win 75% of whatever my cash is.

But yes, my basic question, "I'll put you in" still does mean I'd have to pay make-up, right?

It sounds like "put you in" means the backer is going to pay your buy in and get 75% of the profit/you get 25%. However, you shouldn't have any makeup in these instances and you should also not have to pay anything.

No, if you don't cash you don't have to pay him anything. Otherwise, as you state, what would be the point of getting put in?

Okay, awesome. He's actually offering me 75% to his 25%, which is what threw me off I think. Extremely generous offer, but it's only a $150 and I think he's pretty wealthy so I guess that must be the case.

Even 75 him / 25 you would have been generous with no mu imo

How difficult is it to find a backing deal with a schedule that consists of Rio Daily Deepstacks for the entire summer ?

if you are any good, not that tough.

I'm playing the WSOP main event, and am being back by a few people that I play poker with and am friendly with. My question is about how to include taxes into the wording of our backing agreement.

For an extreme example, let's say I win $10 million, and so Joe, who put $1,000 towards my buy-in and now has 10% of my action, is now entitled to $1 million, (or 10% of my winnings).

But if I lose, say, $3 million off the top to taxes, then I'm left with $7 million. So is Joe really only entitled to 10% of that figure, or 700k?

Any input on this would be greatly appreciated, thanks!

Let joe pay his own taxes on his share. Just make sure you get the correct form from him before you give him the cash and you are all set. Otherwise if he doesn't want to do that than withholding about 30% is pretty standard.

Thanks Tyman. What is this form you mentioned?

I don't remember which exact form it is. It's available on the irs website though. Ask any accountant and they should be able to tell you which form.

Hi, I have a question about a staking scenario for cash games, the terms are backer puts up 100% of the money, weekly profit splits 50/50 with makeup, stake lasts for a period of one year. What happens if the one year period ends and the stakee is in (deep) makeup ?

If stakee is required to play until makeup is gone, that could theoretically mean he could be obligated to play forever? Also, if stakee is obligated to play even after agreement ends until makeup is gone, isn't this arrangement more like a loan ?

On one hand backer needs some protection for this situation, but stakee can't be expected to play forever ? What's standard here, what would be a reasonable agreement for this scenario ?

So I and friend run a small staking operation, all oh them guys I know IRL and I can trust in. We also make account verifications from time to time to protect us but trust is a very big part of our operation. Most of then play mtts on stars, some of them small stakes some of them up to 30rs and stuff like that. We have done very well in the last 2 years, no big problems or situations hard to deal with.

So I now have a guy that is with us for 3 months, and he says I never said anything about FPPs. Let me just say that every single one of our horses has a deal with sharing FPPs with us in the same % that they share the profits. I m pretty sure I said we share everything in the same % we have made the deal, but I do everything on skype and I don t have any regist of doing it, so I can not prove it. He says we never talked about it and he just assumed all the FPPs was for him.

I know it was my bad for not having everything 100% cleared out, and we found an agreement for FPPs he wins after today, but we can not find an agreement for the ones he won before today. So any ideia of a solution for this? What do you guys think would be fair?

Sounds like you are out whatever FPPs he's made so far unless you can figure some documentation that shows you agreed on splitting them.

**trying to sell shares**

Sticky: ░▒▓██▓▒░***GENERAL MARKETPLACE RULES & HOW TO START THREADS***░▒▓██▓▒░


The minimum 6 month requirement means you will have to wait a while to apply.
You can not sell shares on 2+2 until you are approved.

sry

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