|
||
|
||
|
Server Time: 2/13/2012 11:12:06 AM PACIFIC |
 Backing Players, Fairfax, 9. Mar 2003 19:40 | ||
| View ( Message | Thread ) | Return to Thread List | |
| If a person were to be backed fully in a tournament what would a fair share of the payoff(if any)? | ||
| Return to Thread List | ||
| Re: Backing Players, Andrew Wells, 9. Mar 2003 20:19 | ||
| View ( Message | Thread ) | Return to Thread List | |
| 3:2 is reasonable. With the backer getting 60% and the player getting 40%. This assumes the player is expert, with the backer assuming all the risk. | ||
| Return to Thread List | ||
| Re: Backing Players, Roy Cooke, 10. Mar 2003 22:42 | ||
| View ( Message | Thread ) | Return to Thread List | |
| There is not a player in the world that could win in the long run for his backer in a split arrangement such as this! Roy Cooke on 9. Mar 2003 20:19 Andrew Wells wrote: > 3:2 is reasonable. With the backer getting 60% and the player getting 40%. This > assumes the player is expert, with the backer assuming all the risk. | ||
| Return to Thread List | ||
| Re: Backing Players, Andrew Wells, 11. Mar 2003 09:50 | ||
| View ( Message | Thread ) | Return to Thread List | |
| I was thinking for a single tourney as Fairfax's question implied, not a long term arrangement. I do agree that Paul's answer is much more appropriate. | ||
| Return to Thread List | ||
| Re: Backing Players, Paul Stine, 10. Mar 2003 08:11 | ||
| View ( Message | Thread ) | Return to Thread List | |
| There are several formula for financial backing. In their books, Cloutier and McEvoy talk about a method whereby the Backer is repaid any accoumulated debt of entry fees (and made other expenses) out of a win and then the balance of the win is split 50/50. So, if you (Player) were backed (by Backer) in five (5) $1000 entry tournaments before cashing for, say, $10,000. The accumulated $5,000 in entry fees would be repaid to Backer and then Player and Backer would split the remaining $5,000. I am not sure how the tax burden for such an arrangement would be handled. Paul Stine College Station, TX | ||
| Return to Thread List | ||
| Re: Backing Players, Roy Cooke, 10. Mar 2003 22:43 | ||
| View ( Message | Thread ) | Return to Thread List | |
| This is a MUCH fairer split arrangement! Roy Cooke on 10. Mar 2003 08:11 Paul Stine wrote: > There are several formula for financial backing. In their books, Cloutier and McEvoy > talk about a method whereby the Backer is repaid any accoumulated debt of entry fees > (and made other expenses) out of a win and then the balance of the win is split > 50/50. > > So, if you (Player) were backed (by Backer) in five (5) $1000 entry tournaments > before cashing for, say, $10,000. The accumulated $5,000 in entry fees would be > repaid to Backer and then Player and Backer would split the remaining $5,000. > > I am not sure how the tax burden for such an arrangement would be handled. > > Paul Stine > College Station, TX | ||
| Return to Thread List | ||
| POKER FORUM HOME | POKER FORUM | LINK TO US | ARCHIVE | ONLINE POKER | Copyright 2002, United Poker Forum |
|
Getting Started |
UPF Tournaments |
Poker News, Views, Rules |
Poker Strategy & Psychology |
Money and Bankroll Poker Bonuses & Promotions | World Series of Poker (WSOP) | Play Online Poker | Poker Odds & Statistics | Tournament Poker | Poker Books, Videos & Learning Tools Looking for a Poker Game | Poker Bad Beats | Not Quite Poker | Quizzes and Polls | Forum Suggestions & Bugs |
|
|
|
|
Interesting Links: Online Poker | Free Poker Games | United Poker Network | Find Vancouver Businesses |
|