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Staking/Cashing Out

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  1. YoungMoney YoungMoney is offline

    United States

    Posts: 138
    Joined: Mar 08

    Apr 22nd, 2009 (4/22/2009 1:36am)

    If your getting staked when do you cash out?? The reason I ask is because right now Im up X amount of dollars n if i start going down then my pforit does too. Then I'll feel like im risking my own money which is what im trying not to do(point of being backed right?).
  2. JksRbetter JksRbetter is offline

    Valdosta, GA
    United States

    Posts: 3,324
    Joined: Jun 06

    Apr 22nd, 2009 (4/22/2009 1:41am) in reply to YoungMoney

    Why dont you ask your backer, sure he will help ya answer that.
  3. bxb00 bxb00 is offline

    Charlotte, NC
    United States

    Posts: 38
    Joined: Jun 08

    Apr 22nd, 2009 (4/22/2009 1:43am) in reply to YoungMoney

    I try to settle right away even if its for pennies ive only had good experences with my backer
  4. threeven threeven is offline

    Tucson, AZ
    United States

    Posts: 18,612
    Joined: Feb 06

    Apr 22nd, 2009 (4/22/2009 1:51am) in reply to YoungMoney

    Pretty sure it doesn't matter and the math works out either way.

    Say you get backed and go on a 10k upswing. If you cash out now you and your backer each get 5k. Then you go on a 20k downswing and have 20k makeup. Then you go on a 30k upswing and are 10k up. You cash out and you and your backer each get 5k more and you each make have 10k total at the end.

    If you don't cashout, go on a 10k upswing, then a 20k downswing, you have 10k in makeup, then when you go on the 30k upswing you are up 20k and split and you and your backer each have 10k

    Either way you end up with the same result
    2
  5. ZeeDustin ZeeDustin is offline

    San Antonio, TX
    United States

    Posts: 9,458
    Joined: Jan 06

    Apr 22nd, 2009 (4/22/2009 1:54am) in reply to YoungMoney

    I was always told to cashout on the 1st of each month. I miss being backed :(
  6. YoungMoney YoungMoney is offline

    United States

    Posts: 138
    Joined: Mar 08

    Apr 22nd, 2009 (4/22/2009 1:59am) in reply to YoungMoney

    You guys r talkin about make up well does the fact that this will b a 1 time thing matter at all..if i lose the money he put up he will not put up more
    Thread Starter
  7. AFink93 AFink93 is offline

    Norwich, CT
    United States

    Posts: 14,381
    Joined: Mar 06

    Apr 22nd, 2009 (4/22/2009 2:02am) in reply to YoungMoney

    I think im the only player alive who wasnt backed.
  8. thedylan thedylan is offline

    Champaign, IL
    United States

    Posts: 3,449
    Joined: Apr 06

    Apr 22nd, 2009 (4/22/2009 2:04am) in reply to YoungMoney

     
    Originally Posted by YoungMoney View Post

    You guys r talkin about make up well does the fact that this will b a 1 time thing matter at all..if i lose the money he put up he will not put up more

    if you cash out now, are you done being backed, or are you gonna use the other half (his half) to continue playing while backed?
     
  9. ronkend ronkend is offline

    Bosnia and Herzegovina

    Posts: 5,588
    Joined: May 05

    Apr 22nd, 2009 (4/22/2009 2:13am) in reply to AFink93

     
    Originally Posted by AFink93 View Post

    I think im the only player alive who wasnt backed.

    False, I run on my own.
  10. YoungMoney YoungMoney is offline

    United States

    Posts: 138
    Joined: Mar 08

    Apr 22nd, 2009 (4/22/2009 2:15am) in reply to thedylan

     
    Originally Posted by thedylan View Post

     
    Originally Posted by YoungMoney View Post

    You guys r talkin about make up well does the fact that this will b a 1 time thing matter at all..if i lose the money he put up he will not put up more

    if you cash out now, are you done being backed, or are you gonna use the other half (his half) to continue playing while backed?

    im not sure what he wants to do with his profit(cashout or use it to build the roll) but if i cash out ill still use at least the original investment to keep playing with
    Thread Starter
  11. Niceguy Niceguy is offline I will find you.

    NV
    United States

    Posts: 18,955
    Joined: Jul 06

    Apr 22nd, 2009 (4/22/2009 2:42am) in reply to YoungMoney

    your backing deal sounds organized and clear.

    I'm sure it will end well for you.
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