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Server Time: 8/28/2008 5:32:20 PM PACIFIC |
 Staking agreements, Boftx, 24. Nov 2003 10:26 | ||
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| A friend of mine at work staked me with a given amount of money and asked me to do what I could with it. I have turned a nice profit for him over the last couple of days (I just LOVE Party Poker) and have a question about how to split that profit up. What is the usual split when you are staked? He came to me first, and assumed full risk for the loss. I am thinking I should ask for half the winnings, and have received similar advice from another player here on UPF. My wife is a bit more greedy and wants me to ask for 60% :-). I suspect my friend will wish to do this again since I was successful. Anyone else care to offer a thought? Thanks in advance, Jim | ||
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| Re: Staking agreements, NewSchool, 24. Nov 2003 11:01 | ||
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| I would say 25%, he did put up all the money, but you also won. Next time just make sure you decide on a percentage first, but just remember that he is the only one that would lose. 60% is way too high, but ask first and see what your friend says. | ||
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| Re: Staking agreements, timmer, 24. Nov 2003 11:05 | ||
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| for a short term even with solid winning players there is more risk and less work . so he should get more of the reward not less. for a longer term there is actually less risk and more work so he should get less reward. with this in mind I feel a fair split for a very short period of time might be 65% for the VC and 35% for you. This might have the benifit of encouraging him to reinvest for a longer term for a smaller percentage. the common or "standard deal for these things are 50% of the win to the VC and all the loss. and 50% of the win all the work and 0% of the loss for the player. As the term gets longer the VC % should go down . I encourage you to end his involvment in your action at some time. | ||
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| Re: Staking agreements, Boftx, 24. Nov 2003 11:17 | ||
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| I like your reasoning about risk/skill values changing in value over time. I certainly do wish to end it, or at least put well defined time periods on it if for no other reason than it makes it impossible for me to play on my dime until I have transferred his money back to him. I simply can't buy into a game and say "Ok, I am using my money to play this, not yours" as long as I have his money in my account. | ||
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| Re: Staking agreements, timmer, 24. Nov 2003 11:19 | ||
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| well, yeah you could but it would take a fairly large measure of trust on the part of both parties. another method would be to split the bank roll ( half his half yours) and give him 25% of the win over say 250 hours at a given limit.( which is just a variation on the same theme.) or when you doubled through the bank. this would have him gaining 50% on his money and you gaining 50% on his and 100% on yours. This however makes it tougher to devise a equitable exit strategy for both short of going broke or doubling. | ||
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| Re: Staking agreements, Agent, 8. Dec 2003 18:10 | ||
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| ok | ||
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