Quote:
Originally Posted by bennybills
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We ask for collateral when the risk is too high to make a standard offer. In this example, the players' results were good, but their volume was low compared to our standards.
We offered to re-evaluate an offer without collateral after 1k MTTs played or proceed with collateral. Timothy chose to proceed with collateral, knowing that if he can't keep up with volume, we are within our right to part ways and keep collateral. In this case, he chose to part ways, and all we asked for was for him to return cash on hand.
The early termination penalty is the minimum buyout to end the agreement early ($2,500). We have a high retention rate and rarely have to negotiate buyouts.
Jesus ****ing Christ I can't imagine how desperate someone would have to be to do business with an organisation as predatory as yours after your last couple posts taking collateral from busto players you're staking up front then refusing to return it when they quit poker and publicly shaming the horse on top of that when the amount of money in his account is less than the collateral HE ALREADY PAID YOU UPFRONT and he's quit poker
Like sure, some horses are gonna be scumbags but poor Timothy, you owe him $112.15 if anything morally speaking what you are doing is reprehensible here like yeah, sure, he's technically in the wrong for agreeing to it in the first place but...
You're like a payday loan company preying on the desperate, absolute scum behaviour if this is how Pocarr does business and I say this as someone who has both been backed and backed people at decent stakes with no issues in both poker and sports betting.
No, I don't know the horse and have never interacted with him in any way. I've also never done business with or interacted with Pocarr in any way and have no association with any competitor stables.
Yes, i'm here to call out scumbag backer behaviour as well as scumbag horse behaviour.
You absolutely would have first rights to his action should he ever return to playing but for ****s sake, a line has to be drawn on what constitutes unethical offers as far as backing goes and while sure, the horse is stupid for agreeing in the first place, this is scumbag predatory behaviour by Pocarr here.
Mods if my post is against the rules by all means remove it but someone has to call Pocarr out for this.
Last edited by SwoopAE; 10-13-2024 at 05:31 AM.