I had a stable of 6 when I went busto - mostly playing SNGS (one MTTs) and one PLO.
None had an obligation to pay me back and I wouldn't have expected that.
3 of them waited until I had built my roll back up enough so they could resume play and did so.
One of them got a new backer who bought the small makeup from me.
One who had like $1.4k makeup won a big stars tourney for $60k months later and unexpectedly shipped me the makeup figure + drink. <3 PLINTON.
The last one had a new backer and things became a bit awkward as they were unwilling to play off makeup but I think that was me having unreasonable expectations because all my other horses had been such good guys about the whole thing.
I was very happy with the way things worked out and think what I learnt is that I wouldn't stake anyone I didn't trust over 99.5% with my money. They would have to be good but first and foremost completely trustworthy.
Cos, are you still staking people?
If no, at what financial position would you consider getting into staking again?
It seems that players generally understand the outline rules for bankroll management when it comes to playing themselves, but is it fair to say that backers are often less disciplined / have poorer BRM when it comes to staking?
Are there any BRM guidelines that stakers should apply?
Hey sir.
First question is a sick rub! Wp. I don't even stake myself atm hahaha.
I honestly don't know - really there are only a small group of people I'd stake, having learnt the biggest lesson I could have ever learnt with Riverdave. That being if you have the slightest tiniest little doubt, it's not worth it (and I had a much bigger doubt than that with him).
I was lucky in that I was in a position to be able to stake some of my best friends in poker - Linton, Bedi, Sovietsong. At any time I would give any of the 3 my password to log in and send themselves funds and never had the slightest doubt or worry about them. It was kind of just lucky circumstances that these guys wanted staking at similar times and I was in a position to be able to do it. My roll was only about $30kish when I began the staking and that was really sufficient for the games they were all playing - none got in very high makeup at all but I was very selective in kinda staking beneath their skill sets. For example - Linton beats much higher than $100PLO but that's all he would play. Same with Bedi and Sovietsong in the level of SNGs/MTTs they were playing. I made sure I was combatting variance as much as possible.
In fact it was the most tilting thing about going broke - the fact that I could no longer stake these guys. Bedi has obv done well since. Linton won some sick amount at 100plo in the weeks or so that followed, something like 200 buy ins and then went on to chop a big comp on stars, all action that could have been mine. Not that I begrudge anyone ofcourse - Pete is one of my best friends and I'd bend over backwards for the guy but yeh my own personal mistake cost me a lot as the stable was making as much per week as I was.
I'm not sure what rules backers should apply really but I guess a lot of backers are poor in their judgement of what players should play. A lot seem to stake players for games with buy ins that really are higher than their skill set or games that they are breakeven/small winners at when it would be more financially rewarding for them to play lower.
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