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Another Staking Question

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  1. MDG0RD0N MDG0RD0N is offline

    Posts: 401
    Joined: Dec 08

    Mar 17th, 2009 (3/17/2009 1:20pm)

    Hi P5'ers,

    I didn't want to hijack the other thread LOL, but I was curious about staking for SNG grinding. Say two people agree to a 50/50 stake + make-up (would this be standard?), what would be the incentive for the person getting staked to take this deal? If he is a winning player (which we will assume), couldn't he just build a roll himself at the lower limits to get to the higher limits he would be getting staked for, and not have to be splitting winnings?

    What are some other standards and options for SNG backing?

    Thanks...
  2. brikdog24 brikdog24 is offline

    Pittsburgh, PA
    United States

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    Joined: May 07

    Mar 17th, 2009 (3/17/2009 2:41pm) in reply to MDG0RD0N

    obv yes he could do it on his own. so why would he ask for a backer?

    the staking deals always benefit the one putting up the $ its basically a loan with interest

    the only real advantage to having a backer is that u can play anything u want anytime
     
  3. Imustcall Imustcall is offline

    Jacksonville, FL
    United States

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    Mar 17th, 2009 (3/17/2009 2:49pm) in reply to brikdog24

    Not true. Three things backing can do for a player.

    1) Play without risk of losing money. Since the player only has to make it up out of winnings, the backer is assuming all of the risk.

    2) Not have to commit money to a bankroll. This is a nice commodity for the player.

    3) Play at a higher level than the player could do with their own bankroll. This is not always the case, but many times the backer is much deeper than the player and if a player is playing at twice the level that they could with their own bankroll, then they really are not "giving away" any of their winnings, as they are winning double what they could own their own.
  4. brikdog24 brikdog24 is offline

    Pittsburgh, PA
    United States

    Posts: 1,031
    Joined: May 07

    Mar 17th, 2009 (3/17/2009 2:58pm) in reply to Imustcall

     
    Originally Posted by Imustcall View Post

    Not true. Three things backing can do for a player.

    1) Play without risk of losing money. Since the player only has to make it up out of winnings, the backer is assuming all of the risk.

    2) Not have to commit money to a bankroll. This is a nice commodity for the player.

    3) Play at a higher level than the player could do with their own bankroll. This is not always the case, but many times the backer is much deeper than the player and if a player is playing at twice the level that they could with their own bankroll, then they really are not "giving away" any of their winnings, as they are winning double what they could own their own.

    i disagree

    1. it is a risk. say ur in makeup for 10k and ur playin a 1k event and u cash for 5k..ur paying back ur loan and still in the red. ur doing nothing. and then u go a few without cashing again and ur further in the red. its just as stressful cuz it is ur $. u eventually r paying it back. u have no income wo a job. u finally hit when ur in makeup for 20k u hit for 30k and u pay 20k in makeup, 5k to the staker and ur left w 5k of a 30k score. and back to square 1.....bottom line is the backer wins
     
  5. Imustcall Imustcall is offline

    Jacksonville, FL
    United States

    Posts: 1,224
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    Mar 17th, 2009 (3/17/2009 3:07pm) in reply to brikdog24

     
    Originally Posted by brikdog24 View Post

     
    Originally Posted by Imustcall View Post

    Not true. Three things backing can do for a player.

    1) Play without risk of losing money. Since the player only has to make it up out of winnings, the backer is assuming all of the risk.

    2) Not have to commit money to a bankroll. This is a nice commodity for the player.

    3) Play at a higher level than the player could do with their own bankroll. This is not always the case, but many times the backer is much deeper than the player and if a player is playing at twice the level that they could with their own bankroll, then they really are not "giving away" any of their winnings, as they are winning double what they could own their own.

    i disagree

    1. it is a risk. say ur in makeup for 10k and ur playin a 1k event and u cash for 5k (You would be down 5k if it were your own money)..ur paying back ur loan and still in the red. ur doing nothing. and then u go a few without cashing again and ur further in the red. its just as stressful cuz it is ur $. u eventually r paying it back. u have no income wo a job. u finally hit when ur in makeup for 20k u hit for 30k and u pay 20k in makeup, 5k to the staker and ur left w 5k of a 30k score(so on your own, you would be up 10K, so for 5K, you laid off the risk to someone else. Plus, unless you are adequately Bankrolled, you may not even get to play the tournament). and back to square 1.....bottom line is the backer wins

    Ok, so while you are losing and are down 20k, who is paying that tab if you don't have a backer? I go it alone, and I can vouch that I have to pay the bill when I'm losing. If you are down the 20K and the relationship ends, guess who loses. I have backed players, and they stress so much about "makeup." Well, when it is your own dollar that you are down, it is much more stressful.
  6. MattieBoy131 MattieBoy131 is offline

    Dover, NH
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    Mar 17th, 2009 (3/17/2009 4:09pm) in reply to Imustcall

    First off, 100% w/e Imustcall said.

    Also to OP, it actually is not that uncommon to see a stakee get a better cut in low-variance stakes if they're proven long-term winner. Often times if I see people getting 60/40 (or higher in their favor) when getting staked if they show very good stats and are good horses. This is more common in SNGs and cash-game players, less common with MTT players.
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