CheckraiseLife
Rock Star
Silver Level
Hey all, after the full tilt fiasco I've been thinkign about getting staked (BR froze...alot of manays) but the catch is I have NO CLUE on how it really works below is my main question and confusion around the issue - any help would be appreicated
(and if you could point me to some good reputable staking sites would be cool)
Example:
I make an agreement with a backer 50k hands for a 2k bankroll with no makeup, backer gives me 2k I play 50k hands and make a 1k profit we split 50/50 so we get 500 each,
Scenario 1:
the backer or I decide after the deal ends were gunan call the deal off. this meens I must give him his orignal 2k back plus 50% of the profit for that 50k hand sample. - correct?
Scenario 2:
The backer and I decide to keep the deal going and we split every 50k hands 50/50 profit , however one month I do badly and loose 1k.
does this meen whatever I earn in the next 50k handsample is 100% the backers till the debt has been paid? and what if I continue to loose after another 50k hands? ? this is were I'm most confused. And if the backer or I calls the deal off, should I give him whatever I earnt in previous months to cover what ever I can of the decieft?. plus obviously whatever is left of the backers roll I ship back.
scenario 2 shouldnt reall happen becuase I is AWESOME AT THE POKERZ - But I know bad runs happen and would like to know the ins and outs before I accept a staking deal, thanks.
(and if you could point me to some good reputable staking sites would be cool)
Example:
I make an agreement with a backer 50k hands for a 2k bankroll with no makeup, backer gives me 2k I play 50k hands and make a 1k profit we split 50/50 so we get 500 each,
Scenario 1:
the backer or I decide after the deal ends were gunan call the deal off. this meens I must give him his orignal 2k back plus 50% of the profit for that 50k hand sample. - correct?
Scenario 2:
The backer and I decide to keep the deal going and we split every 50k hands 50/50 profit , however one month I do badly and loose 1k.
does this meen whatever I earn in the next 50k handsample is 100% the backers till the debt has been paid? and what if I continue to loose after another 50k hands? ? this is were I'm most confused. And if the backer or I calls the deal off, should I give him whatever I earnt in previous months to cover what ever I can of the decieft?. plus obviously whatever is left of the backers roll I ship back.
scenario 2 shouldnt reall happen becuase I is AWESOME AT THE POKERZ - But I know bad runs happen and would like to know the ins and outs before I accept a staking deal, thanks.