When stakers go bust

[77dave]

What happens when a staker goes bust and cant fund his horse(s) anymore. If the staker gives no indication of a return to funds, does he have any rights to make claims upon any makeup that the horse owes?

If the horse goes elsewhere does the staker have any claims to future profits?

[WotRTheChances]

No to all of the above. If a staker goes bust, he/she is unable to fulfill the agreement made at the start of a staking deal, to be able to stake his/her horse into the tournaments promised. At this point, unless noted in the terms of the staking deal, the deal becomes void and the horse can break from the deal, with 0 make-up.

[George2Loose]

If horse isn't a dousche tho they will give backer some time imo esp if been backed for a while but sometimes, understandably that isn't possible but yeh no obligation on either side

[cambridgealex]

what they said

[Karabiner]

Blatch will be gutted.

[smashedagain]

Does the horse not stay in makeup if the backer then backs him again  in the future? Thinking about it why would the horse go back with the original guy if someone else is willing to back him and is not owed the makeup

[George2Loose]

Does the horse not stay in makeup if the backer then backs him again  in the future? Thinking about it why would the horse go back with the original guy if someone else is willing to back him and is not owed the makeup

If they have some integrity. However it is not always possible. Just depends how long the staker thinks they're gonna be stuck for dough. If they're stone cold busto then obv the horse isn't going to wait

[CHIPPYMAN]

non of the abovementioned

[SuuPRlim]

Does the horse not stay in makeup if the backer then backs him again  in the future? Thinking about it why would the horse go back with the original guy if someone else is willing to back him and is not owed the makeup

I believe the official expression is that the make up is "frozen" meaning that the make-up still exists but the backing deal is, for now, dormant, horse free to go off and do whatever he likes. If a backer went broke, froze his horses MU, then found himself in a position to back him again later on, the horse would have zero obligation to re-enter the deal (there are a ton of reasons why he would re-enter though, most commonly would be between personal reasons towards to backer, or because of the deal - hemight get to play different, more preferable games etc)

You find though, just like in the working world, personal relationships are built up and that usually makes everyone act very reasonably

[AceofWands]

Is any of this legally enforceable and has anyone ever tried?

[cambridgealex]

Is any of this legally enforceable and has anyone ever tried?

no, i'm pretty sure they'd get laughed at if anyone ever tried to as well. it's all done by trust pretty much. stuff's written down in facebook messages/ skype convos but no1 ever signs a contract.

[GreekStein]

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.

[Skgv]

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.

Just had 2 post as this is the MOST MATURIST POST YOU HAVE MANGED IN YOUR LIFETIME ! Happy xmas.......................

[GreekStein]

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.

Just had 2 post as this is the MOST MATURIST POST YOU HAVE MANGED IN YOUR LIFETIME ! Happy xmas.......................

Thanks re haralambeh. You too xx

[jakally]

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?