Quote:
Originally Posted by AcePlayerDeluxe
Here is what I understand -
- dhcg received 11k from kydd
- dhcg made 9,773 from time apart
- dhcg spent all of that profit (9773)
- When dhcg got there he had 9800 on him which was less than 11k, even though Kydd thinks he had less 9800
- Kydd took the profit portion of the 9773
- Kydd is still owed 11k
- dhcg is possibly busto
This is all accurate.
Quote:
Originally Posted by dhcg86
I never recieved 11k from chad
We squared up and I had a 6k roll
I went and played a bit more and lost 4400
I told chad that and whispered that it was over the 4k stop loss
Instead of giving me 4k he then gave me five
I can verify whatever my profit was over that period of time. My records are very precise
I can prove without any doubt that I brought close to 10k into that room.
Busto is an interesting term
You never got $11k. You had a $6k then July 24th in the afternoon I gave you a $5k strap. That adds up to $11k.
This is the first email I sent you again.
Quote:
Our deal was as follows:
-Low stakes games (anything below $5/$10) were put on one ledger, and high stakes game ($5/$10+) were put on another ledger.
-I did not cover any Limit Hold'em or PLO action.
-There was a 4BI stoploss.
-Both low and high stakes were broken into their own deals of $3,000 increments in which I received $1,000 of.
-An agreement was made to never leave a stake in makeup. The "Dane Garnica guarantee."
-Tips were to come out of pocket.
-There was also an agreement that money allocated for a bankroll would only be used on poker.
-We would square up every Wednesday, or in extenuating circumstances, the next time we saw each other.
We last squared up on mid day Wednesday, July 24. The numbers after we squared up were as follows:
Low Stakes: Chad: $519 Dane: $1,000
High Stakes: Chad: $1,000 Dane: $1,280
Bankroll: $11,000
From July 24 - August 31st results looked like this.
Net Total:
Low Stakes: $7, 902
High Stakes: $1,871
Session by session results posted below with the only discrepancy being July 25th where you lost $4,400 because the previous day you made $13,054 but we only squared up $8.909 since I left Vegas mid day. We have a text conversation going over all of this information.
Our current numbers look like this:
Low Stakes: Chad: $1,000 Dane: $421
High Stakes: Chad: $1,000 Dane: $151
Bankroll: $11,000
I'm owed $11,000 and you technically owe yourself $3,428 of unearned money. None of the $11,000 has been returned to me. Hypothetically, had you lost $2,000 in your last session the numbers would look like this...
Low Stakes: Chad: -$1,000 Dane: $421
High Stakes: Chad: $1,000 Dane: $151
Bankroll: $9,000
I would be owed $9,000 of bankroll money, and the completion of our deal which is $2,000 = $11,000 total. You would owe yourself an unearned $3,428. Each $3,000 deal is in itself a new contract that needs fulfilled. I don't care if you fill out your end of it, but mine gets filled because it's what we agreed upon. If you knew you wanted to end the stake and told me ahead of time as my other horses did, we would have a plan as to what to do with any overlay from the deal.
By looking at these numbers and doing some quick math, you paid me exactly $1,000 of your high stakes profit and $3,421 of your lowstakes profit.
The total amount you gave my in Maryland was exactly $4,421. This does not touch the bankroll you had. This is your profit. The bankroll is the $6k you were using for a roll in Vegas + the extra $5k I gave you in addition to that. That's money I gave you, not money you earned, and when the deal is done you have to give that back.
The dispute you're making about how you didn't have $11k we have talked about multiple times. I will post the text conversation when I find it.
I identify what you're describing in the email here:
Session by session results posted below with the only discrepancy being July 25th where you lost $4,400 because the previous day you made $13,054 but we only squared up $8.909 since I left Vegas mid day. We have a text conversation going over all of this information.