How do you actually find the horse and be able to trust him with the money? Remember I am a U.S player so it would be tough for me to meet and trust a player out of the states. Is there a secure way to legally bind him if he does bink The Sunday Million?
secure way to bind, not really done easily. Would basically have to probably form a company and get legal contracts for backing signed etc (just a thought if can be done that way maybe).
Best way to find a trusted horse is essentially through involvement with them on forums for example, but it is always a risk regardless as sometimes even the most trusted (although very unlikely) could say fu especially if your talking such a huge amount of money. Obviously this would be bad on them and if such a situation ocurred I'd send them runbad to wind up broke and on the street as bad as that sounds I'd think it pretty low of someone to do that.
I would imagine you could usually find a decent horse through forums though, where even if you are new to the community yourself it should be easy enough to find out if the person is trustworthy etc. just remember its always a risk vs reward in such a scenario especially when your looking at a single tourny given how we know mtt's can be.
Certainly well profitable however if you can find a good horse that would be willing to run for an extended period of time and volume that has had good results.
Edit: yes my bad, not sure why I didn't point out our staking forum on here as the members below......guess figured you might have already seen it and this was just a general question. duh on me lol