Staking deals and markup. Discussion?

[mondatoo]

The policeman is BACK lol

 

[GreekStein]

The policeman is BACK lol

 

[action man]

The policeman is BACK lol

 

 

fyp

[pleno1]

Another staking problem.

I was staking a guy that was doing v.well and made decent amount of money for me and him. ALso very trustworhty and good friends.

We got 8k in makeup in 2 weeks after winning previously after grinding a similar makeup number.

He decided he wanted to play on a new site and play on his own moiney getting 100% of his action and basically leaves me owed 8k.

Both of us not sure exactly what best way to go about this is. He has started playing 50 and 100nl and in meantime lost about $1500 on "our" account and is now basically playing  100% for himself.

Obviously I don't want to be 8k in the red and want that money back, but happy to write some of the money off if theres a good solution we can come up with.

100% both trust each other. And as a good will gesture is willing to ship me $1k at the moment and decide from people in the thread how we go on.

Any idea whats the best way to do this?

[Simon Galloway]

was the deal 50/50 after makeup?

Let's say he made 20k for himself and 20k for you and then is 8k in makeup atm.

In which case, he is 20k up, you are 12k up.  The obvious place to start is for him to buy out at 4k ~ at least that way you both made 16k on the deal which is what a 50/50 deal is after all.

Depending on the situation, you could ask for more (or accept less) than that.

[pleno1]

was the deal 50/50 after makeup?

Let's say he made 20k for himself and 20k for you and then is 8k in makeup atm.

In which case, he is 20k up, you are 12k up.  The obvious place to start is for him to buy out at 4k ~ at least that way you both made 16k on the deal which is what a 50/50 deal is after all.

Depending on the situation, you could ask for more (or accept less) than that.

deal was 5050 yeh.

He doesn't have the money to buy out and then still have a bankroll available to play aswell. He was happy to ship $1k meaning he still has a roll for 50-200nl.

He didn't make 40k, he made around about 20k, 8 of which is now makeup. So I'm up 2k and he is up 10k from the deal, and he is 8k in makeup.

Does this mean I'dlet him buy out for 4k which could be bought out over x amount of time so he is able to keep grinding too?

[EvilPie]

If he's pulled out of his own accord he owes you the full MU.

Give him fair time to pay it back but he should pay the lot. It's YOUR money he was playing with and he lost it.

[LeKnave]

Are you wanting to continue to back him?  If you do, he should either pay $8K to go on his own, or play for you.

[cambridgealex]

If he's pulled out of his own accord he owes you the full MU.

Give him fair time to pay it back but he should pay the lot. It's YOUR money he was playing with and he lost it.

Yeh this. It's not even close really is it? He can't decide to play on his own and then not pay you back the makeup.

The excuse "if I pay you back I won't be rolled for xyz" is pretty laughable.

[pleno1]

Yeah I want him to keep playing for me, hes v.good and a good friend who I trust, so great horse.

[KarmaDope]

Are you wanting to continue to back him?  If you do, he should either pay $8K to go on his own, or play for you.

This.

You can offer to sell at less, or you can offer him a payment plan, but he wants to go on his own so he owes you the full 8k.

Also, if he wants to be backed again, you get first refusal until he's paid off his MU.

[smashedagain]

How would you enforce the above?

[GreekStein]

Yeah I want him to keep playing for me, hes v.good and a good friend who I trust, so great horse.

He's a great friend?

Really? Yet just wants to ditch you with 8k makeup and play his own dime?

He owes you 8k if he wants to play on his own.

[GreekStein]

How would you enforce the above?

You can't - which is why you should only stake people you really trust.

[discomonkey]

guy owes you 8k pads if he quits, or he can ply on..... those are his 2 options