Quote:
Originally Posted by WhatAjoke
But they claimed it would be closer to 50/50 with losing sets and he had maybe a total of $300 in losing sets....Because he is a very consistent player. They basically were manipulative and he was naive. I think it's taking advantage of someone but if they claimed it would work out to 50/50 then what is wrong with leaving it as 55/45? Sounds like he left it with exactly how they said it would work out.... Of course my opinion...
This may be the case and I don't doubt that at all, but terms are terms to fullfil them
I have read they are offering No-MU-Cuts, this is very unsual but this also explains the unusual high cut for them. I don't know the terms (how many games before reset etc) but in that case this Deal doesnt seem bad at all. You have to consider, MTTs are a very highly volatile game. You can go thousands of games without making profit, you can go hundreds of buy ins into Make-up if things go wrong. The player in question may even be Phil Ivey and in a Bad case he may not profit for a year if things go really wrong. If that wasn't the case yet, he ran well. I do not doubt his abilities, but that is how the game is like.
For that reason they probably made this type of Deal - not having him grinding thousands of games into deep MU (and not make ANY money in that time, in this case I support this, it's horrible for both sides having a player in MU and not letting them have any money),and instead made their own cut higher. So over the longterm this might indeed work out as roughly 50/50. lets say he ran bad for a few months (no one is safe in MTTs) , then hits a score out of the sudden - in a normal MU Deal as everyone does he doesn't See a penny for himself cuz he has to pay all of it to cover the MU. With expiring MU he does get some money.
In any case, I am not a fan of big stables, I myself stake a couple players, have a good relationship to them, give them good deals, exceptionally even give a Deal that covers their living costs if they put in the work, regardless of results. But this is rare. And if your mate accepted a specific Deal they have to fullfil it, no matter how it went. If it did him bad in this specific case, tough luck, but if it went the other way he would have highly benifited from it. It evens out, especially in MTTs. And if he didnt like all the conditions in the first place, better to not take the Deal in the first place.