Quote:
Originally Posted by gamboneee
its simple and has been touched on here too. if you stake someone for poker winnings and they no longer play poker, you dont get your money back. thats why its always said that any further action should go to the backer first, as he is in line to recoup losses. thats part of the business if someone chooses to quit, the only problems arise when they keep playing afterwards outside of the stake. making or losing money, the action is to the previous backer first. if you choose to play on your own, thats where the buyout comes in because you think you are +ev and that ev is not going to the person that paid for the losses. changing stables means someone else is collecting your ev. quitting the game means you are no longer playing what was agreed upon. it generally wouldnt be on the horse to repay then, but (as above) any new action should go to the backer.
Thanks for taking the time to answer.
I don't think this answers my question though.
Seems like you're saying something like "just a part of doing business". I'm asking why is that a part of doing business? In what other activity, business, or anything really can you just walk off saying "I'm done, never doing that again" and be free of your obligations? And why would poker players/backers adopt this ever?
Assuming this is standard, can just quit not play ever again, what is stopping any random player with a clean background from taking a huge shot at as big of a game that they can find on a backers dime?
Player wins, great free money. Player loses, great walk away nothing happens.