I am not in this scenario. Just curious as to what most people agree on. Let's say you are getting backed and you are in make up. This backer drops you even though you are in make up. Then several years,weeks, months later down the road decides they want to start staking you again. As a player or staker would you start a new stake or would you roll over the make up?

Backing leads to cash flow coming in?

in what not? Everything with money ppl are being backed. If i want to start a bakery or a real estate agency but have 0 money... ppl who invest in me, are my backers..

jppp,

Where would you be playing these live cash games? I have a horse I back for local cash games in this area. If you are going to play at a casino, it's much more of a trust factor. If you are going to play at local games, where someone from the house runs the game, you can have your backer contact the person from the house and inform him of the situation. Your backer will have the option of checking in with the house to see how much you bought in and cashed out for. It's an easy checks and balances system.

I've just joined a local home group that will play once a month for 1 year, and will send the points leader to the WSOP Main Event in the Summer of 2012. If the home group hero cashes, that person will keep 60% of the winnings, while the remaining 40% will go to the other group members.

I have a friend sponsoring me in this monthly tournament ($60 per month). I need to come to an agreement with him on a fair chop of the 60% if I win this thing, represent our group at the 2012 Main Event and cash (alot of "if's"). Anyway, the only thing I'm investing over the next year is time and the cost of gas to travel 30 mins. to the monthly games.

So what's a fair split % of the 60% that I should chop with the friend who's paying for me to freeroll in this league over the next year? Is there a usual and customary % in situations like this?

Thanks in advance for any advice you can offer!

 

Originally Posted by RogerO3

I'm no staking expert, but I personally would say give him half of your cut. Therefore:

You - 30%
Friend - 30%
Other Group Members - 40%

That's just my 2 cents, there's no number set in stone. Obviously the more for you the better.

This.

im staking a player in a 1/2 game but just half of the buy in . so 100 bucks of the 200 .....what is a fair cut on that percentage wise?

Can anyone tell me how staking/backing works? Does somone spot you a certain amount to play with, then anything you make over the amount he stakes you with is profit right? So, do you just cash that out and split it, like every week? Then you start back at the amount staked again? Say if your staked 2k, then you loose 500, do you have to pay back that 500 to be able to start making profit again? Because if that is true, then it is like playing with borrowed money and not staked money correct? Or is that the same thing? Because if you are staked and have to pay back full make up, then you are taking all the risk while he gets to sit back and just collect money. So should players pay back half the make up then? Would that be fair?

any other ways people work it?

Sorry if this is a repost or if it is in the wrong place but I was wondering what the norm was... If you are being backed for a tournament and you hit big, do you take the taxes off of the top before dividing up the winnings? Or is paying the taxes the responsibility of the player?

 

Originally Posted by vandy525

Sorry if this is a repost or if it is in the wrong place but I was wondering what the norm was... If you are being backed for a tournament and you hit big, do you take the taxes off of the top before dividing up the winnings? Or is paying the taxes the responsibility of the player?

See the first post ITT

Hi all,

Recently a friend and I have decided that we are going to start a bankroll partnership. My friend and I have been playing together for years and have worked really hard on our games constantly talking through hands, reading the same books, playing the same games, watching the same videos etc... We have both developed similar profitable games.

Since graduating grad school he's been working as an accountant and saving a decent amount of money. I am currently in my last semester in college and will be moving to New Orleans afterwards. A few weeks ago he approached me wanting to start a bankroll partnership.

He would put up the full bankroll for us to play live. I would be getting 50% of my winnings and 0% of his. The more i invest in the partnership over time the more % i begin to get of his winnings. Seems like a fair deal to me.

The problem is...We have a 3rd friend who will inevitably want in on the partnership. He is a great friend, has been since we were very young and has even backed us both before when we needed it. Although he is a great friend his views on poker are very off to say the least. His style of play is extremely high variance and could cause great problems for us all. He refuses to read books, talk through hands, read the forums, essentially get better because he believes he knows it all. He shipped a $300 live event and now feels like he is Phil Ivey or something. He has big problems with bankroll management as well something that has led to him now being busto. His style of play (super maniac) is atrocious something that me and my other friend would like to simply stay away from.

So, how do we go about telling him we would rather not let him in? Is it wrong that we say no to backing him now that he's busto and he backed us when we were both in need of it? Is it possible for us to be honest with him without straining a friendship? How would you go about doing so if you were in my shoes? Do you think we should let him in?

This problem will be arising very soon so i would like to be prepared when it happens. I would love to hear everyone's advice on how to approach this situation as it could possibly be something that could ruin a friendship with a long time friend.

 

Originally Posted by tom44411

You can do one of 2 things. First, just say no. Backing is a business not just a friendly adventure where you hope to make money. If he's not willing to improve, then there is no sense to even consider letting him on your deal. From everything you stated about him, the only good thing is that he's your friend.

The 2d thing you can do, and I wouldn't recommend it, but put a very tight leash on him. Only offer him a partnership if he dedicates himself to playing and improving and the second he stops doing either, he's gone. With that being said, you have to start someone like that pretty much at the lowest stakes possible.

I personally think you should not let this guy in but people can surprise you and I'm sure deep down you know what he's capable of and if it's worth your time. Be honest with yourself first before you're honest with someone else and put your friendship aside while evaluating the decision.

Thanks for the great advise tom44411. Yeah we really don't see it ever being possible to have him in the partnership. We just don't see him being very profitable for us and just don't find a way where we can ever include him. Being brutally honest with him to me sounds reasonable. How do you think he'll react to this though? How would you react if you were him? I really just don't see this going well but don't see a way out besides just being brutally honest with him and saying "Hey even though you have staked us in the past we only have a bankroll for 2 people and we really don't like your high variance style, we would rather just not".

GL today Tom

I am wondering about the ethics of playing in the same game as someone who is staking me. Is this ok? Is this fair to the other players? I'm splitting my profits 50/50 with my staker. Online I never played at the same stakes and was never at the same table. Now I'm playing at a cardroom with only a few tables running. Thanks for any thought on this.

Mike