Doubt about banker

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2wild

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hi, I’m new to cardschat and I have a doubt about my banker. I’m a 2/5 player and I have a banker but the deal seems quite off to me so I want your Opinions.

The deal consists in 50-50% deal with makeup, only for cash game. The thing is that he is telling me that I have to first win $5,000 so we can split winnings starting from there every week. What this really means is that he puts the money in and I first have to make a $5,000 bankroll. I’ve done it so if I have this $5,000 bankroll, if I win $2,000 in a week, we would split $1,000 for me and $1,000 for him, but I still have to maintain that bankroll intact, he argues that if the deal ever ends we would split that bankroll for halves. The problem is that if I end up loosing $1,000 in a week, now I have a $4,000 bankroll so in order to split any winnings I have to first get that 1k back so I can have the 5k and then we can start making profit again. This feels as if I have always a $5,000 plus makeup, besides the makeup if I end up loosing that bankroll. He argues that this is like an insurance, but i think it’s pretty unfair for a 50/50 deal, I hope I explained myself and hope you guys can help me:D
 
Peppinotom

Peppinotom

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Sounds terribly wrong. i've never been in banking/horsing, but you should make a new deal every month, I guess. His "insurance" means that you are now his employee but take the risk as well. Bad Boss from my point of view...
 
infonazar

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Welcome and good luck. You need be an active and you must have quality posts.
 
DaveE

DaveE

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hi, I’m new to cardschat and I have a doubt about my banker. I’m a 2/5 player and I have a banker but the deal seems quite off to me so I want your Opinions.

The deal consists in 50-50% deal with makeup, only for cash game. The thing is that he is telling me that I have to first win $5,000 so we can split winnings starting from there every week. What this really means is that he puts the money in and I first have to make a $5,000 bankroll. I’ve done it so if I have this $5,000 bankroll, if I win $2,000 in a week, we would split $1,000 for me and $1,000 for him, but I still have to maintain that bankroll intact, he argues that if the deal ever ends we would split that bankroll for halves. The problem is that if I end up loosing $1,000 in a week, now I have a $4,000 bankroll so in order to split any winnings I have to first get that 1k back so I can have the 5k and then we can start making profit again. This feels as if I have always a $5,000 plus makeup, besides the makeup if I end up loosing that bankroll. He argues that this is like an insurance, but i think it’s pretty unfair for a 50/50 deal, I hope I explained myself and hope you guys can help me:D

How much of that $5K is his original stake investment? Or is that $5K profit with the original stake money returned?
 
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2wild

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5k is profit and the original stake money returned
 
F

formertroll

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i would definitely want a new deal made every week/month since your skill will change, buy ins will change, and circumstances will be different. i'm not sure i completely understand the deal as written but definitely don't want to be in a situation where i'd owe someone 5,000 haha
 
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CryptoBlood

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Just change deal bro,this deal cause too much risk for you which you dont need.Better ask in PM more skilled players how much to offer for a deal to other person.
 
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