Well here goes, I've not staked anyone before as It's not really interested me nor have I ever believed its +EV, but I have a friend of a friend who I have had some good discussions with and I believe he has some talent. He doesn't have much of a bankroll as he has been in university for a while but finishes next week.
Basically I am interested in coaching him for a few hours in total (4 hours or something) and would be comfortable to stake $2-$4k ish (I don't know what amount would be most +EV).
I need to know what sort of things I need to be aware of and what percentage of winnings I should take. I make about $150-200 an hour playing online myself so staking him for $1k and taking $2k back when he hits $4k seems pointless to me.
I guess a contract is in order too, what things would I need to bring up when making a contract so that I don't get scammed?
Cliff notes-
How much should I stake this potential player?
What percentage should I take back?
What should the written contract entail?