Your risk is that you are backing a losing player and they lose the money or backing a player that steals the money.

Markup is something paid on the front end by the person buying the action, so Maurice would not owe more at the end of the transaction. If he were playing a 10k tournament and sold at 1.2 he would sell 5k of himself for 6k and pay the other 4k out of pocket, but have 50% of himself. He only owes investors whatever percentage they bought if he cashes that particular event.

In a backing agreement usually the backer gives the person a set amount, say 10k and then the player then goes and plays a certain stake of cash or a certain range of tournament buy ins. Every week/month/etc... they get together and say I now have 8k and no one makes anything, or I now have 15k and each party takes 2.5k out of the stake and the player continues to play with the 10k roll.

Thanks for the explanation.

If I loan you $5,000 - you owe me $5,000 no matter what happens with your poker wins or losses.

If I back you or "buy a piece" with $5,000 to enter a tournament, and you lose, I'm out $5,000 and you don't owe me anything (long term agreements and makeup aside). I'm also taking a risk that even if you win you might stiff me on my $5,000 and whatever share of the winnings that I'm due (like Hawkins apparently did).

Haha yeah by claiming it was a loan he's now legally on the hook for it.

If your claim is true, I wish you made your lawsuit earlier imho. GL.

He’s on the hook regardless - he won money while being staked - this is winnings that havent been paid.

The only ring I care about is kissing the ring of Uncle Sam...and if I had to hazard a guess, I'd say that this Maurice character doesn't pay his taxes, Horus.

No, that's not what "the mods" said. Here's what one mod posted, though:

There's no "also" here. Randy denies it, and a mod edited the first post to reflect the fact that Randy denies it. Mods haven't made a determination that the OP is or isn't Randy, nor have they suggested that they have.

A question best saved for a thread where that actually happens. The only mention I've seen in this thread of followers is this one:

Which is in no way being used as proof of OP being smart or stupid - it's quite relevant to his theory that Randy isn't being truthful about not being the OP, as he's suggesting it's unlikely a stranger would have seen the Tweets and created this thread. I'm in no way endorsing that theory, but pointing out the follower count is not being used as some kind of judge of character here.

Profit, obviously. Plenty of stakers make money staking, or they wouldn't be doing it - we have a forum with a number of stakers that have been paying to advertise their businesses for multiple years, so I assume they do OK.

it is the usual risk and reward balancing act. seems many people do very well out of staking and the successful stakers will be good at managing their risk

well the person posting this impressive take on the question certainly seems that way yes

my friend was playing the milly maker and he told me about a funny hand. he knows maurice a bit i think and is pretty good talker/funny jokeman. and an online mtt reg.

anyway my friend opens utg to 700, mp calls, maurice is on the btn with 25k and tanks a bit. my friend says to maurice, "you wont shove". maurice shoves. my friend folds, mp calls AQo, Maurice has 69o.

after the hand someone else at the table said to maurice, better luck in the next one. maurice stops walking and thought my friend said it and says "what did u say to me?" ready to start something. other guy stood up and repeated himself and diffused the situation, and that was the end of it.

why not shove 69o for 80bb when ur freerollin ur backers, who cares

Easiest shove in the history of shoves

I played a 1k 6max with the guy a view months back. Maurice got a good stack early on then proceeded to sit out entire blind levels to sweat sporting events in his hotel room while he blinded out. All it made me think is here's a guy who must be in too much makeup to even care much at all about this tournament.

Thought he was fun to play with but definitely a bit abrasive. Definitely not someone to get involved with financially. Best of luck to you OP...

This is also the behavior of somebody who oversells for tournaments. Easy profit, just make sure not to cash.

Ding ding

He ended up knocking me out and finishing 3rd so don't think he oversold.

Saw him get to showdown like six hands in a row and he mucked every time. He was shown very weak hands on a few of them. Overselling has to be the safest and highest EV play for someone who is willing to scam.

Right, because if he oversold then he wouldn't be able to pay everyone, and then...

Hey, wait a minute, haven't I heard somewhere that he owes people money?

Bobo I think you should remove the disclaimer that Garcia didn't post this. There was an article on Pokernews about this dispute with Hawkins and at the end of the article it states that Randy Garcia contacted them and asked that the article not be published because Maurice was working on making an arrangement with him. Pokernews refused but did mention that at the end. Basically in my humble opinion the OP started this thread and Hawkins soon after contacted him about really paying him back and asked him to deny or remove all posts or threads about this. It makes no sense that Garcia didn't post this here.

As I explained just 11 posts ago, there is no such disclaimer.

That said, if you think there's something a mod posted that should be removed, it would be best to speak to that mod.

It heavily implies that when it says "The facts were lifted from his twitter posts."

It makes no sense to say "were lifted from" if he might have written it himself.

PM for more English lessons, rates are reasonable.

That was my point. He definitely wrote it and then denied it when Maurice contacted him after. Just like he tried to get the pokernews story retracted but they told him no.

I don't disagree that the second sentence was worded poorly. It should have been left off, or written something like this:

Or if the second sentence was really what he meant, then:

Common sense told me that the former was more along the lines of what was intended, but I'm not here to change his words based on my assumptions.

Cool, you might want to let the mod who wrote that know, although I suspect it was an error rather than a lack of understanding of English. Perhaps you could also let him know your rates for condescension lessons; you seem to have some skills in that area.

Your second sentence doesn't relate to the first, but I don't necessarily disagree with it.

Time to move on IMO.

so all in all, Garcia went public, Maurice acted and Garcia will now be paid... Looks like he established his goal.

Unfortunately for NVG, the drama ended.

If that is the case then this man need's to be jailed and his taxes need to be paid before Randy Garcia gets paid. A citizen's responsibilities comes first before a private debt.