wow thread is AIDS

6 figure job needs stake for 1/2 wtf?

You're either

A. lying about your win rate
B. lying about your salary
C. ****ing ******ed

Or

D all of the above

I'd like to buy stock in whichever company provides these people's credit cards

You forgot:

D. a raging heroin addict

sigh: guys, just because I have a good job doesn't mean I don't have bills to pay. I choose not to mix my poker with my life money. The stake is just kind of a fun thing for my friend and I to do. It has nothing to do with BRM or patience. I could play with my own money, but I choose not to at the moment because I would rather have my BR totally separate from everything else which I will be able to do soon anyway. All I wanted to know was if these terms are close to standard. The level of judgment going on here from positions of total ignorance is astounding. I didn't ask you to critique my life. I asked you to critique the terms of the stake. Apparently, this is too much for you.

OMG some of these poasts make ILCD look like he actually had a brain.

Spikerpaw - ya steak deal looks ossum...congrats on winning at life...hope you and yer bud have fun with the deal

/spiker discussion PLZ

if you are a proven winning player than i would say the 60/40 is a reasonable rate and payed every 50 hours is fine as well, i would leave the hours up to the staker however... looks like a normal stake as long as your winrate is proven true over 300+ hours and not some 5 hour heater

Im still convinced ILCD is smarter than all of us and just a massive level/gimmick

Spike, 60/40 is standard, but some people who make good money for their backers and are trustworthy have a 70/30 or even a 80/20 deal. If the stake is successful for a few weeks I would suggest trying to make it at least 70/30 for you.

When I was staking a friend for 2/5 who I knew could crush the game we had a deal based on the amount of hours he put in for the week. If he put in 30+ it was 80/20, 20-30 70/30, and less than 20 60/40, or something like that. Maybe you and your backer can talk about doing something similar.

lol 80/20. Downswings happen even when people play great.

If you're playing 1/2, tell your buddy that you want a 4k loan instead of a staking deal.

Pay him 3% interest per month (which is redic for a yearly rate, along the lines of 36% or higher depending on what sort of math you like..) which equates to $120 per month. If you are playing 30 hours a month, which seems a bit small but whatever I'm a degenerate, then you are giving up on average $4/hour that you pla. Which is equal to 2BB/hour. This is clearly much better than the 60/40 deal. It still a GREAT investment for him. (Where the hell else can you get 36% ROI.)

You could even got a bit lower.
Offer him like 2% annually. Just make sure you explain why it's a good deal. What kind of annual return he is really netting.

If you have more questions about this, PM me and I can explain it in more detail.

Money and friends make for an ill partnership.

So your plan is to have only 20 buy ins of 100bb and take out a loan to pay for this, when this is a very swing game and it's more than possible that the person can lose during this period? This is a terrible idea. The reason why the staker is getting what you call such a great deal is that he's the one putting up the money and who will lose it if it goes wrong.

I am on a live NLH 90 hour breakeven stretch that feels like an eternity. Is this a brag, beat or variance?

It's pathetic, I've been on a 400 hr break even streak

^what 11t said. I apparently just got off a 60hr be streak and didn't even notice it. And if I have a bad session next time, it'll be 70 hours.

Spikeraw22, start out at 50/50 and the more money you win, have the deal go more in your favor. Every 200bb you win go 55/45 etc or every 300bb go 60/40.

If you are going to stay on a fixed number than 60/40 sounds fine.

Pretty much this.

And spike, ignore everyone else. I'm in the same boat you are. I have an awesome job with a healthy 6-figure salary, and I play 1/2 for side income but keep it 100% separate from my normal income/expenses. I have a very good relationship with my backer. Our deal started at 50/50 and increases gradually in my favor 1% as I win, up to a max of 70/30. The main benefit for me is that I don't have to come up with a BR from personal funds, or take out a loan. It also gives me the ability to move up in stakes much sooner than I would normally have done, and I have the security of a backer if I spot a juicy game at higher stakes and want to take a shot at it. I can leave the stake at any time. The terms work out well for me, and I very much enjoy having a backer.

fwiw youre not the only person that has said this during this discussion, just the one im bothering to quote.

IDK where you all play or who you deal with, but staking selling action, swapping action etc is 100% standard among people that play full time. There are plenty of staking and backing arrnagements that work out well for both parties. Check the marketplace feedback thread here or PTP for great success stories. Not saying its guaranteed that everyone leaves happy, but saying that "staking never works" is absurd and even saying that "staking is more likely to not work than to work" is pushing it, IMO.

Spike's spot is kind of weird, and tbh there are probably better options available to him, but most of the reactions itt strike me as rather de trop.

this is a pretty standard spot.

Huge difference between selling action for mtts and direct staking for cash

Also most people looking for stakes probably don't have better options.

If you're a player that's crushing (10bb/hr or better), then it makes sense to get a loan as oppose to getting staked, which is more less for someone that is more likely to be a losing or BE player.

It's also another thing to get staked for big games, because obviously it's much harder to get a loan for $20k than $3k.

spike painted a picture, and that picture just doesn't jive.

I want to troll this thread so hard but I won't...but I will say the following make sense:

[ X ] Stakes for shot taking higher stakes
[ X ] Stakes or swaps in MTTs
[ X ] Stakes for broke players to rebuild
[ ] Stakes for a $100k/year earner and 15bb/hour crusher to play 1/2

Sorry it does not compute. But w/e if you want to play for effectively .5/1 stakes with someone elses cash...have at it I guess.



smh

What's funny is I have zero input on the ideology of staking.

What's tilting is how terrible people are at basic math / common sense.

I never said anything about the philosophy of staking ffs.

But anyone who looks at that deal and says its fair needs some basic education in loans/interest/principle repayment. Good lord.

Staking for higher games happens a lot more than you might think. Not sure of success ratio but it can work out for both parties IME. Staking for 1/2 sounds pretty ridiculous and pointless but hey, if both parties want to, who am I to say don't do it.