Quote:
Originally Posted by stsitron
This type of deal would be bad for both parties unless it is for only high roller tournaments like someone above mentioned. Horse is going to play less than optimal only going for big scores because any small cashes are worthless. If horse gets in 8k makeup 5 days into the week no point in playing or caring.
Not to mention horse would have to profit 300k in order to make 30k on the year which is absurd. Hardly can live off of that...
No obviously not.
Just as a thought experiment, if you free-rolled an entire year's worth MTT schedule for 10% of action, you would make a lot of money.
The horse doesn't get only 10% of his winnings, because his losses are free, and on every losing week (and most weeks probably will be losing) he will not have to pay anything.
Imagine a guy who loses 30k over 3 weeks and then ships something in the 4th week for 30k. He's made nothing in the month, and he gets 3k risk-free...so it's not as though he has to be a $300k per year winner before he sees money.
In fact, it's 100%+EV for the horse unless he's an absolute crusher.