i have a horse which is allowed to play up to NL200.
-it's our 2nd time working together on a deal and he told me he's working part-time now so has more free time to play poker.
-it was actually a lie. he didn't have his job anymore and had no money so he had to turn to poker.
-he ran under ev pretty much for most sessions and on the final day went to take a shot at 2/4 and 5/10.
-lost 80 on 2/4 and 600 on 5/10 and quit the session.
-texted me on skype and told me what happened.
-he said he's gonna quit poker cos of anxiety and tilt affecting his life.
-in the contract i stated
1) Our Agreement will end in one of the following ways.
- When we are winning overall.
- After makeup.
- Non-compliance to terms set forth in the Agreement unless otherwise stated.
3) As a default, Player can only play No Limit Holdem games up to NL200 and the equivalent. Permission must be granted by Backer in order to play higher stakes or unless invited to private games at Backer's sole discretion. Stop loss amount will be advised by Backer in our Skype conversations or through this email. This must be strictly adhered to otherwise it may result in the forfeiture of entire winnings or losses to be borne entirely by Player.
-he said he will only pay back 100% on what he lost on 2/4 and 5/10

what kind of compensation can i get from this horse who broke the terms of the contract?

In case a horse broke the contract,you should adress to the court in order to get your money back,otherwise the contract it's just soft paper

pretty sure u're just trolling right?

I'm not trolling at all.What is the purpose for the contract,if there's no legal repercusions?
IMO a contract should be just like a working contract,with montly payments(salary),loan contracts(if he/she has to give back the money he/she loses),or a collaboration contract.
Besides the fact that on most of the countries these contracts i see o this forum are ilegal,the ones i stated are the ones that might have a chance of win in a court in case a player decides to either steal money,or not play enough to achieve employer's goals.
I see all sorts of "contracts" over here,with no more than 5-10 lines which are basically worthless and even if some mods decides to delete my reply,there's a real problem in the poker comunity and i see that no one thought about a legal way to do it.You either invest you money into someone and if that someone lose the money,it's money lost,or you lend that money and you expected to get it back.

That seems to be a reasonable solution to me. Horses are allowed to quit poker when in makeup (although they are not allowed to quit the stake in makeup and continue to play poker on their own or under another stable). Since he was not authorized to play 2/4 and 5/10 he could be considered obligated to pay that money back.

If the horse returns to poker, then he must first return to you and offer to allow you to continue staking him, with the makeup intact. If you are unwilling to continue staking him then he can return to poker whenever, just like if you had dropped him.

how about the fact that he withheld important info from me (not having a job and thus potentially not having a good mindset to play; he always had tilt issues which i'm aware of, so if i was truly informed, i could have made a more informed decision which may or may not include taking him on)

i understand the risks of staking and am willing to incur the losses here, i just thought it isn't entirely fair to me cos i wasn't allowed to make the decision to the best of my ability.

the terms which i indicated in the contract, being that a horse can't leave a contract when he's in makeup, is it superceded by the fact that a horse quitting poker will not need to do any makeup?

It sounds like you’re reaching a bit/being unreasonable if you want him to pay all makeup and not just the $680 he played at unauthorized limits.

I doubt your contract his enforceable, and if his employment was so critical in your decision to back him, you should’ve verified it beforehand. It wouldn’t have been difficult to do so, unless he forged documents or something like that.

Even though you’re entitled to it, be happy he’s accepting responsibility for the $680 and is willing to pay it back. Hopefully he does. Best of luck.

And for you final question, the general practice is if a horse quits poker, his makeup is forgiven. They almost never quit for good, so try to keep the relationship on good terms if y’all can work something out.

The makeup wouldn't be forgiven. The player would still have the figure if they returned to poker.

It sounds like you're trying to pin the blame on the player here, but in reality there was nothing preventing you from confirming their employment status. It sucks that he lied but that is par for the course in the world of staking, and it is your responsibility to conduct due diligence before entering an agreement.

The player is not leaving the contract. When a player quits poker altogether the agreement is paused indefinitely, but it has not ended unless you elect to drop the player.

Agreed, I guess my wording wasn’t clear.

Which is why I said people who say they’re quitting always end up coming back so it’s in OP’s best interest to maintain the relationship so he can work something out with the horse if and when he does return to poker.

ok thanks for the input.