Quote:
Originally Posted by NoExit
Source? We need some of his horses to speak up on here. If it was clear to every one of them that they would owe makeup if they quit, would be suspect that Cate somehow didn’t catch that in their verbal converstion about the terms.
Here's what I wrote in the other thread:
One of Chad's former horses here. I was staked by Chad from November 2013 to May 2014, and then again from December 2015 to May 2016.
At the end of my first stint I was dropped by Chad with a small amount of makeup, which I knew I was not responsible for. At the end of my second stint I decided to leave the staking arrangement to get a job on the other side of the country. I was about $4k in makeup and knew it was my responsibility to pay back, which I did. I should also point out that both times I left the stake I thought I was "quitting" poker.
I've gotten to know at least a dozen of Chad's current or former horses over the years, and I am willing to bet a large sum of money that all of them were/are aware of Chad's policy when it comes to getting dropped or voluntarily ending the staking arrangement in makeup. (No, I've never met Cate)
Quote:
Originally Posted by LittleGoliath
unless stated very clearly, stakee does not have to pay anything when she/he quits poker, however when stakee wants to play poker again, staking agreement just proceeds again imo
otherwise you sort of have a freeroll as a staker, the only risk you then have is getting into liquidity troubles
This is perhaps the dumbest statement I've seen going around. How is this a freeroll for the staker? If a horse continues to lose, the staker will eventually drop the horse, in which case the horse owes no makeup and the staker loses a bunch of money. Therefore, it's obviously not a freeroll.
Ironically, the way you think it should be gives horses an actual freeroll. For example, say I'm deciding between going to law school and playing poker. I can just get a staked and take a huge shot. if I crush it then I'll keep playing poker and if I get buried then I'll just quit and go to law school without owing any money. That is the definition of a freeroll.