Pokerstars SN: Moneyfold13

Signed him to a CFP ( Coaching for profits ) around July 2018, made me 0 profit, variance happens.

Now towards the end ( when profit was not in sight ) both parties decided to end the deal , issue is about the collateral / security deposit:

I decided to keep it due to multiple breaches of contract:
- Minimum volume of 50k hands / month was not met, he played 140k hands in 9 months freerolling HH reviews trough skype and playing 1 hour / average daily





These SS show that he agreed to 50k hands / month

- Total arranged hand requirement was not met, student was also not interested in making profit at some point anymore and hammered down volume at lower stakes just for the collateral / security deposit.

- Student played offstake games and would disappear from cashgame for some months playing mtts, extending the contract that was supposed to be finished in 3-4 months ( it extended to 8-9 months instead due to no volume commitment, while still receiving coaching on HH reviews )

Am i fine keeping the deposit in this case, even if both parties agreed to end prematurely?

No, you are scamming your student.

The guy certainly understands why OP wants the security deposit. What I don't see in the SS are clear questions, followed by clear answers regarding all terms of the deal or something similar where all requirements are clearly stated.

The guy just says ''If I agree to play 50k hands, I'm gonna stick to it''.

But did he agree?

He did indeed agree to it, its outlined in the SS.
The thing is there was no official contract, just agreed to things 1 by 1 verbally, the 50k hands being one of them ( and my main issue ).

i wouldnt have agreed to the cfp otherwise, he was suggesting 20-30k hands at first and i declined, later on he agreed to 50k ( as shown in SS ) and that was one of my terms by then

Hey,

I am Moneyfold13, would've been nice to be informed about this discussion by my former coach. At least I was notified by someone else now and can respond:

I was clearly scammed, Kanaxis accuses me of "several" breaches of contract, the only one he shows here is lower volume than agreed. In this regard, yes, i played a lower volume than planned but everything was after consulting with Kanaxis and he NEVER prompted me to increase volume (Please show proof if you disagree Kanaxis).

Furthermore, I can proof two straightup lies: I NEVER played offstake:

https://gyazo.com/929f1ea08aeef20d7dc7bb832efe96b1

Also I did NOT switch to MTTs, I played very few on some Sundays and cashed big in the Snday Mini Million once. Please proof your statement Kanaxis.

And obiously I was interested in making profit, why wouldn't I, we had a 50:50 split of profits.

Yes, the deal didn't work out, but due to the fact that I was never critizised for low volume (please proof otherwise) AND the deal was terminated mutually, I demand my "security deposit" of 100$ back. What can I do?

Also, instead of discussing this with me he just blocked me from WhatsApp and Skype back then.

Also, I doubt it is legal to publish private WhatsApp communication here (independent from the content, which I don't deny).

Oh and the deal was for 160k hands and we terminated it after 153k and around 14 stacks down. So it was actually in Kanaxis interest to quit because there was no way for him to profit anymore. So I was NOT freerolling hand reviews but just being honest and fair.

Again, anything I can do?

So you broke the contract and he owes you no money, he also didn't scam you.

I blocked you because you resulted to blackmail, not going into further detail.

If its illegal ill ask bobo to delete it.

I didn't, it was a mutual agreement which benefited him more than me. If I had played 7k hands more he wouldn't have paid back either because he brought other stuff up claiming I broke the contract, of which I proved two to be a lie.

Stick to the truth, you just blocked me, what you call "blackmailing" happened after and was simply me not accepting you scamming me and obviously threaten with consequences.

So if you opened this thread are you actually looking for a fair solution? Then let a third party decide..

im not looking for one, i asked bobo to delete the thread

Because I caught you lying. Why did you open the thread in the first plce then?

Kanaxis opened a thread, after I proved him lying he wants to delete it. Therefore I copy everything into a new one...

I dont see the scam.
Simply got fed up the way you treated the cfp
and didnt take it seriously
After getting showered by 25z belarussians
and nitting your roll down coming to complain
about your life situation and how you wanna go pro.
We didnt have any written out comtract so i used
my common sense and ended it prematurely after i saw
0 commitment to it .

Where did you caught me lying lulz

Actually, he asked me about deleting it a few months ago, as he thought it was resolved. I told him I'd want to keep something up, but edit it so it would show that it had been resolved. Unfortunately, I missed his reply to me a couple of months ago, so it's still here.

About that...

Kanaxis PMed me again today, which is why I'm here. He was asking about at least removing the Whatsapp convo, probably because he assumed I wasn't willing to delete/edit the entire thread as he requested since I hadn't replied. However, I see now when you reposted the thread (I've merged here), you quoted everything, including the Whatsapp convo that you were suggesting might be illegal to have posted (I have strong doubts, but IANAL) - does this mean you now don't care about it being posted?

Not sure where to go from here, so I guess I'll see how this plays out. Sorry for missing your previous PM, Kanaxis.

I'm a bit confused how this can be a dispute when the guy admits to breaking TOS in contract? That's what a security deposit is for.

Cfp is based on mutual understanding due to no written
Out terms. Student took 8 to 9 months ( we agreed on 2-3 months in convo posted )
To grind 150k hands + didnt care about
Winning at a certain point anymore.
I wasnt interested in continuing so i gtfo
and block him cause of conplaints
about his life situation yadayada and decided to
keep the 40 percent of his networth cause he wasted my time and tricked me into being a breakeven 50nl player when he was a pathetic losing -2bb nit

So, did you bring up the volume issues at any point before you decided to seize the deposit? Or is that simply your ex-post rationalization for keeping the money?

But you admitted to breaking the terms so he doesn't owe you the deposit, is it any more simple than that?

Dito

No he didn't!
He was kind of freerolling, planning to keep the deposit all the way but still hoping for me to turn profitable.

About me playing offtstake, I never did that.

Also, I played 22/17/7, stop insulting and making assumptions about my commitment and life.

Thanks for merging and sorry for double post.

No, the issue is not solved. And I'm okay with him posting our communication. I have nothing to hide.

I admit not being able to play 50k a month but everything else is made up, so again my full argumentation:

- I couldn't play the planned volume from the beginning and it was never brought up for months that this would be a break of contract

- I never played offstake as claimed

- I didn't switch to MTTs as claimed

- All assumptions about nitting or commitment are false

- Contract was mutually cancelled after there was no profit zone possible anymore