Quote:
Originally Posted by MrRouge
Basically the definition of theft.
What would you propose as a legal option to get your money back?
Not all makeup is a debt and not all failure to repay makeup is thievery. Let's take these 3 hypothetical players being staked for cash games:
1) Player 1 gets a stake, runs up $1000 in makeup in 2 weeks, then quits the stake. Doesn't repay, is later seen at the same games he was staked for, presumably under his own dime or the dime of another backer.
2) Player 2 gets a stake, runs up $1000 makeup in 2 months, then decides cash games aren't for him and he'd rather grind MTT's. Quits the stable, doesn't repay anything, but doesn't grind cash games again.
3) Player 3 gets a stake, runs up $1000 makeup in 6 months, then decides to quit poker altogether as he needs a more stable and guaranteed income. Doesn't repay but isn't seen at the tables again.
The first guy clearly deserves a thief site as the intention all along was obviously to freeroll the stable (i.e. if he makes profits then great, if not he's not going to stick around to make back his losses). The second guy deserves to have a warning given out to the community about him, but he's not a 'thief', and it's highly -EV for a backer to force someone to play games they don't want to be playing. The third guy doesn't deserve to have anything negative posted about him at all, and the stable has to eat the losses in much the same way as a company has to eat the training costs when an employee just decides to quit - it's a cost of doing business.
The stuff about 'the EV of the time he didn't grind for us' is obviously crazy talk. Hell, even on the pocarr website (
http://pocarr.com/faq/) it says:
"What if I want to end the agreement early?
Return all Pocarr funds and you are free to go. Please keep in mind however that you will lose your access to Pocarr videos, webinars, and the forum."
So Pocarr themselves don't seem to value the 'EV of missed staking' at anything above zero, as according to their website you can leave at any point you like.