Seeing as it's now public knowledge that Booder is the lucky candidate for this under my staking agreement with him I just thought I'd post to let people know the agreement Ray and myself came to regarding any potential profits.
Firstly Ray had said that he wanted any profits to go in to a future staking pool. I personally didn't want to do this as it would only benefit a few. It also tilts me when tight gits get free money to play terrible poker at no risk to themselves.
So the agreement we came to was that any profit split would be going to fund some kind of live update. Not sure what comp or comps yet but it will definitely be for updates only.
Ray had said that he wanted a 6 month commitment. We changed this to 10k games instead. This will be approximately 6 months anyway at the rate Boo is playing..
The profit split will be at the end of 10k hands not every month.
Ray had said 70/30. We have also changed this. It is now 30% for the first $1k and 20% for any amount thereafter.
For Ray's part he is putting in an average of 2 hours per week tuiton which if we go 6 months will be 52 hours of his time for no personal gain. Given his potential win rate at these games if he was grinding instead of doing this he is giving up a considerable amount of money to hopefully benefit blonde.
So to find out if Boo with Ray's valuable help can grind out enough to fund an update or 2 follow Boo's progress on his diary
http://blondepoker.com/forum/index.php?topic=51253.0If anybody has any questions or moans regarding this please feel free to vent them here. I won't be answering them anyway.
EDIT: It's 30%
for the first $1k not
of the first $1k.
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