Originally Posted by PlayedYou73
I know that 'Friday' caught alot of people off-guard, but staking anyone just so they can pay their basic living expenses is a mistake.
^^^^Yes, I do see what you are saying here for sure....
So he's got $300 in cash, rent which is due, and is looking for a stake in a $120 tourney.
If he plays in the game and does not cash, he loses $120, some percentage of the loss which is split between the two, and he still has rent to pay.
The next step that happens after that, is his request from you of an outright loan to pay his rent and other bills for the month.
^^^^ This is where I think OP is aware enough to keep it in perspective
This can get awkward 'really' fast, and your friends status can change with it.
Not a good habit to get into.
Yea, it can suk doing this.
But as has been already mentioned, OP seems to know what he is doing poker wise - it seems that way to me what I have read by him, and I think a number of ppl here have respect for him - so he will be aware of the reality.
I believe his post was about keeping on in the face of the shit going down with the DoJ and so on, not if staking a friend can be a losing deal. He knows a win is not a shoe-in, and I am assuming he is ok with that.
I know that pros and semi-pros stake each other, and its always a turn about situation. So it is also an investment for a later date. And if his friend never has an extra 120 ever again to do a turn about, well, I think in this case it wont lead to guns and barricades....lol