blonde poker forum

Having an issue with my stake agreement, and wanted to get some advice.

Have been staked for over 4 months now, staker went to vegas withough out really letting any of the players know. after speaking to another stakes player I got a message that we could find another stake until he was out of Vegas and could transfer again.

I took the stake for MTT's on stars up to $10, mainly because it provided coaching, a decent group of players to grind with, and the chance to move up. Now I was in MU of $550, had been as high as $750 and low as $150, but no profit.

Now in the week since I've found a new stake i'm up over $1200. I've just informed my staker, who said he wasn't aware, but not unhappy, so no issue. Although I'm not happy due to lack of contact, reloads when needed (he's Canadian and we have to be on skype to get a reload, which with times differences is sometimes difficult as I work too), and the coaching has not been great so far (onto the 2nd coach, who moved house and got married after 1 coaching session with the group, that was 3 weeks ago).

Now getting to the point, I want to look for a new deal, I'm not happy with his disappearing, lack of contact, and general slowness to reeload. Due to this, and the fact he's not reloaded me for 3 weeks am I responsible for nthe MU. I'm happy to play it off, if reloaded quickly and given a good shot at the micro millions (it's a stars only deal).

So any advice on how to handle this, where I stand?, and anything else relevant would be helpful, it's really starting to concern me, I just want to play when i'm running good!

Thnaks

If you want to quit the stake, and the staker wants it to continue, then either you should pay the MU, or your new backer does and it becomes MU with your new staker.

If there are problems in terms of commitment/availability from the staker then I think you probably have grounds to negotiate a discount in order to break the stake. However, the staker is fully within his rights to sort his shit out, ship you monies and get you to continue, or buy out for full MU.

Thanks Andrew, just what I was looking for. I'm happy to continue, so hopefully they'll be better reloading. Should I ask for some commitment regarding thast, is it usual to, it wasn't covered in the initial agreement, so can I even ask for that now?

What does the contract say in the section that covers it?  Whilst conventionally the backer can ask you to play on in MU, he also has an obligation (moral if not contractual) to reload you swiftly.  He is clearly in the wrong for a) not announcing he is going to Vegas and b) not making proper provision whilst he is gone.  However, that doesn't mean you can walk from makeup, but it does give you a very strong argument to negotiate an amicable split (with very reduced, or waived) MU.

Thanks Simon, In no way am I suggesting I get to walk away from make up, infact if the coaching and swift reloads can be agreed I'm very happy to continue, the sweat group we have has already provided some great coaching, and idea sharing, that I feel has improved my game.

If we can't agree, my current MU is about $550, how would we come to a fair price to buy out the remaining make up.


Thanks again for the advice so far, really don't want to miss the micro millions, so looking for the quickest possible resolution, and time is running out.

One last question, if we can't agree, (and I am trying to be as reasonable as possible with him), before the MM start, where do I stand with taking another stake whilst we sort out an agreement?

If he can't be ared to sort it out with good timing play the mm under the other backer.
Staking a two way thing, you cant be sitting on your ass for weeks waiting for top ups

Don't take my word for it, because I could be wrong, but I thought the convention with these deals was that:

a) if you are not in make-up, you can walk away and finish the deal at any time.
b) if you are in make-up you have to keep playing forever until you are out of make-up (in other words you can't stop playing, start a new deal with someone else or start playing on your own ticket)
c) the backer has to keep supplying money for you to keep playing.
d) if the backer decides they have had enough, they stop supplying money, the make-up disappears, b) no longer applies and you are a free man to start playing for someone else, stop playing or play on your own ticket.

Sounds like to me if the backer has stopped supplying funds and can't be contacted, then you can get backed by someone else. I'd try really hard to get in touch and try and get him to pick between sending funds or calling it off first though. Otherwise you too could be the star of a thread like the railtard1 thread on this board at the mo!

I think if he doesn't reload you in a reasonable amount of time, then a fair price is $0 for the make-up.

First off, whatever the contract says over-rides any of the advice.. so refer to that first and foremost.

If I was the backer, I'd be pretty sheepish about leaving you high and dry without a reload.  I'd be entirely comfortable with you finding a temp backer to play the MM etc, and obv I wait for you to clear up any MU on that deal before talking about returning to me.  (Although I would have sent someone non_US enough $$ to cover reloads before going to Vegas)

Communication is king, so mail him, explain your situation, that you can't wait on a reload, either he has an associate ship you a reload pronto or you have to find other backing.  At least he is fully aware of what goes on then.  If at a later point he wants to discuss your return, then I don't think it unreasonable given his culpability in this for him to be asked to throw out the first number.  From a player p.o.v though, I would be starting negotiation at $0 and going from there.

Yup, that's why I'm here for advice, been watching the railtard1 scandel and don't want any mis-understandings.

Had an email, just bitchin about the time difference and how he's been online (which is bull as other players have been left in limbo, as in not reloaded for days/weeks), I replied 4 hours ago, almost instantly to him sending it, and no reply back yet, so have skyped him and messaged on 2plus2. What more can I do?

Thanks again Simon, I'm going to email him again regarding the MM, and offer to talk again after that unless he reloads me, and agrees to a new method of reloading that does not keep me waiting longer than 24 hours, which I figure is a fair time for us both.

You don't have to both be online for a reload.

Player: "skint, please send more ammo to xyz on Stars"
Backer: "sent"  OR - "you useless POS - send me HHs"

It doesn't matter if those 2 emails are a day apart...?

Hope you don't mind I just copy and pasted that into my current skype conversation!

Ok, I've addressed my issues, which he's basically ignored, so I offered the $0, and been told 'I guess you live with your decision', weird, this man cannot give straight answers.

Whilst I instantly cringe when I see backers do the wrong thing, it is reassuring to see how bad some of the competition is :D

Lol, you don't know the half of it. Have 3 other horse all saying they've been left waiting for reloads, then kinda forced in to paying the MU back, seems this backer does not want to take any responsibility. Or have I got this all wrong, I'm a winning player, want to continue the stake, is there any reason he can force me to quit and force me to pay the MU?

Such a weird way for him to conduct business, unless the above is true and this is his method to ensure he never has to cover the MU, i'm confused by this and spent too much time with him, it's like he's done this many times.

If you are ready and willing to play for him but he does not provide the funds then you are under no obligation to buy back makeup or pay any money to quit the stake.

Thanks Pizzi, exactly this, he seems to want to try and get me to agree the relationship has broken down, which I have disagreed with. So told him if no reload I get another stake, I've a ROI over over 100% this year, from 2k plus games $1-$10, can only think me winning on another stake has put his nose out of joint, or this is his standard way to ensure he gets the MU back.

It wouldn't be so annoying if the Micro Millions didn't start today, as finding a new stake at this short notice is not something I have time for, or feel is going to happen quickly. sigh.

I know there's no malice or shenanigans intended here, but if we have a rule that you need 300 posts to request staking then we really have to stick to it, and the thread did turn into a proper staking request.

So, I've deleted the past few posts - hope you all understand.

No worries, should have posted 300 times in the last 6 years really..

Was just about to post... after offering advice in favour of the player, I wouldn't then entertain the conflict of interest that would be taking that player away from (what's left of) a staking agreement.   Just tongue in cheek, the last half dozen requests for help with staking problems have all thanked me for advice whilst wondering how to find a new backer, kind of funny.  In a very unfunny way...

Power happy :)

had no idea, you backed and had said I only came here for advice as the agreement was on another site. That agreement has been dealt with, as in any new agreement is not affected by my previous, now finished agreement. Just wanted to make it clear I did not ask, some people asked questions, and showed interest, so I replied, foolish not to seeing as I am looking. Sorry you found it unfunny Simon, i appreciate and have already thanked you for you advice, and at no point felt i was alluding to anything else. Thanks again for the advice.

No probs, I wasn't offended in any way.  "Unfunny" wasn't the best choice of phrase. I maybe should have qualified why I thought I was eligible to give advice/opinion anyway.

No need to clarify, Not that i've any idea what you do, but good advice is welcome.

To conclude this thread, all the advice has been very useful. Thanks again, and thanks for the PM's. I'm knew to staking, and it's the coaching/staking I'm interested in myself, I've searched for previous threads, but am sure i've missed some so any links, or search topics to useful threads I can read would be great.

thanks again