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A Question For People Who have Backed Someone or have been backed themseleves (question bout makeup)

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  1. jalman1 jalman1 is offline

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    Feb 11th, 2008 (2/11/2008 8:42pm)

    ok can someone answer this hypothetical for me. I asked a couple of friends and some of them arent even sure so i hope someone can help me out here.

    Ok lets say i back someone named Dave in MTTs on pokerstars. for the first two weeks of the backing he is down 10k in make-up. Lets say he plays a 200 freeze on sunday and hits a 34k score. After we split 17k down the middle and after he pays back the 10k in make-up he owes me. I walk away with 27k to his 7k. Now here begins the real question. Lets say he plays the next couple of day and loses 3k more in make-up in MTTs. What would his make-up be ? would it be 3k becuz we start fresh over again or would he have a free 27k worth of make up from me becuz of the score he hits since that money is money he has techically won?

    Thanks for your help

    Jordan
    107 3
  2. AFink93 AFink93 is offline

    Norwich, CT
    United States

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    Feb 11th, 2008 (2/11/2008 8:49pm) in reply to jalman1

    Sounds like he owes you 3K.. IM trying to figure out the math to see whos getting the better deal. Im gonna think outloud here.

    13K in makeup.. he wins 34.. So thats 21 in profit.. But he only gets 4 total? I dunno..
  3. DexterCain DexterCain is offline

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    Feb 11th, 2008 (2/11/2008 8:50pm) in reply to AFink93

    take the 10k back first, chop the 24K and start fresh imo
  4. jalman1 jalman1 is offline

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    Feb 11th, 2008 (2/11/2008 8:50pm) in reply to AFink93

    but i believe he at least gets fresh makeup when he isnt in the red anymore Afink
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  5. AFink93 AFink93 is offline

    Norwich, CT
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    Feb 11th, 2008 (2/11/2008 8:53pm) in reply to jalman1

    I have no clue bro. Im curious at to this works when one of you ballers back me.. I would think you would split profits fiddy Fiddy no?
  6. CalBandGreat CalBandGreat is offline

    Irvine, CA
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    Feb 11th, 2008 (2/11/2008 9:21pm) in reply to jalman1

    I'm pretty sure that you should take the 10K in makeup and take that out of the 34K in winnings and then split the remaining 24K and that Dave should get 12K. After that make-up starts fresh and he now owes 3K in make-up. I have never been involved in backing deals but it seems like common sense to me.
     
  7. TiltinShoes TiltinShoes is offline

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    Feb 11th, 2008 (2/11/2008 9:26pm) in reply to DexterCain

    ^^^^DC sounds rigth to me.
  8. stevie444 stevie444 is offline

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    Feb 11th, 2008 (2/11/2008 9:40pm) in reply to CalBandGreat

    ^^^^^^^^^ this is the correct answer. You pay off makeup first and then split any additional profit. Dave gets screwed in your example.
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  9. CalBandGreat CalBandGreat is offline

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    Feb 11th, 2008 (2/11/2008 10:19pm) in reply to jalman1

    Hey Jordan you better not let Dave see this thread, lol.
     
  10. Frank1The1Tank Frank1The1Tank is offline

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    Feb 11th, 2008 (2/11/2008 10:35pm) in reply to jalman1

    What calband said. Subtract the makeup then divide the total (minus any stakeback). After that you begin from even. He has $3k in makeup. It's never based on past winnings because he can essentially freeroll his backing after one score, which is BS since it only hurts you. It starts fresh whenever makeup is fully paid so yeah.
     
  11. jhill3535 jhill3535 is offline

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    Feb 11th, 2008 (2/11/2008 10:44pm) in reply to jalman1

    The best thing to do is to not split up all of the profit immediately after a cash. Keep the entire cash in the stakee's bankroll and allow them to take set draws every month from the bankroll. At the end of the staking deal divy up any additional profits that haven't been drawn off.

    6 month stake deal with 20k starting roll, 2k per month draw

    First month lose down to 10k, have 10k left.

    Draw 2k , roll 8k

    Second month win 34k, roll 42k

    Draw 2k, roll 40k

    Third month lose 6k, roll 34k

    Draw 2k, roll 32k

    Forth Month win 8k, roll 40k

    Draw 2k, roll 38k

    Fifth Month lose 2k, roll 36k

    Draw 2k, roll 34k

    Last Month win 15k, roll 49k

    Draw 2k, ending roll 47k

    Take back the original 20k, leaves 27k,

    If the split is 50/50, then split the 27k into 2, for a total of 13.5k each, deduct the 12k of draws from the stakee's portion and the stakee gets a payment of 1.5k, and the staker would keep the rest.
     
  12. Frank1The1Tank Frank1The1Tank is offline

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    Feb 11th, 2008 (2/11/2008 10:53pm) in reply to jhill3535

    That's how I do it but with slight differences. I was staked $3k for 500 max live, and any time the profit was $2k or more, I withdrew $1k and gave $1k back to the staker to reset. Not a weekly draw, and we would just run thing until whenever, and have optional reloads and etc... Really flexible, and it makes sure both of us get max value and flexibility.
     
  13. Phi Phi is offline aka tennisee

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    Feb 11th, 2008 (2/11/2008 11:01pm) in reply to Frank1The1Tank

    I say "Dave" gets all profits and don't owe you shit imo.

    But then again, I'm biased.
  14. jalman1 jalman1 is offline

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    Feb 11th, 2008 (2/11/2008 11:17pm) in reply to Phi

    ok it looks like i owe somebody some money

    TY guys for clearing this up for me
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  15. jhill3535 jhill3535 is offline

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    Feb 11th, 2008 (2/11/2008 11:26pm) in reply to jalman1

    At least it is his money you are paying him with :)
     
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