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Bankrolling

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  1. aschaal7 aschaal7 is offline

    Vandalia, IL
    United States

    Posts: 172
    Joined: Jan 08

    Dec 3rd, 2009 (12/3/2009 2:20pm)

    A friend wants me to back him $1k, I have no experience in bankrolling but I was thinking running it for 1 month, I get my initial investment back + 25%-33%?? He's mainly a cash player but I'll be able to track all his progress. Does that seem legit? Cuz i really have no idea what im doin.

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  2. 4Aces1King1 4Aces1King1 is offline

    Norway

    Posts: 849
    Joined: Aug 08

    Dec 3rd, 2009 (12/3/2009 2:31pm) in reply to aschaal7

    It should be split 65%-35% your way, plus the initial investment in my opinion. If he wants more tell him when he makes you money that he can play on his own BR.

    I don't really have any idea either when it come to this sort of thing, but that'sjust my opinion.
  3. URI_Stunna URI_Stunna is offline

    Kingston, RI
    United States

    Posts: 1,383
    Joined: Apr 07

    Dec 3rd, 2009 (12/3/2009 2:44pm) in reply to aschaal7

    50-50 + stakeback
  4. aschaal7 aschaal7 is offline

    Vandalia, IL
    United States

    Posts: 172
    Joined: Jan 08

    Dec 3rd, 2009 (12/3/2009 2:49pm) in reply to URI_Stunna

    And if he goes bust, does he owe me the stakeback?

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  5. 4Aces1King1 4Aces1King1 is offline

    Norway

    Posts: 849
    Joined: Aug 08

    Dec 3rd, 2009 (12/3/2009 2:51pm) in reply to aschaal7

    If he goes bust he owes you cake...which means next time you back him and he makes profit, you get back what you lost. (assuming he makes enough profit to cover the 1k)
  6. aschaal7 aschaal7 is offline

    Vandalia, IL
    United States

    Posts: 172
    Joined: Jan 08

    Dec 3rd, 2009 (12/3/2009 2:57pm) in reply to 4Aces1King1

    yeah that sounds legit. thanks.
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  7. General $cum General $cum is offline

    Posts: 161
    Joined: Aug 09

    Dec 3rd, 2009 (12/3/2009 3:06pm) in reply to aschaal7

    Easy way to lose a friend, make enemies If he's good he should be able to turn 100 into 1000 in 2 weeks flat.
  8. aschaal7 aschaal7 is offline

    Vandalia, IL
    United States

    Posts: 172
    Joined: Jan 08

    Dec 3rd, 2009 (12/3/2009 3:10pm) in reply to General $cum

    nahh hes a businessman, i dont think there will be any problems.

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