Question for stakers

[Simon Galloway]

The makeup x2 thing is easy enough to understand with a different example:

You are $1k in makeup online and you ask for $100 from the backer to be added to makeup so you can eat.  Next thing, you win $100 and give it back to the backer to clear that up.

What you have actually done is won $100 ON STAKE and therefore just paid the backer with $50 of your money and $50 of the backers!

This is why MUx2 is correct, $200 added to makeup so that when you next win $200, $100 of it was the backers anyway and the $100 that was yours is actually paying off the loan.

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Onto Keith's question.  I would offer him the chance to take up to £2k "walking around money" - but rather than MUx2, which lots of horses don't understand and therefore think is punitive, I'd do it like this:

"Let's pretend you are momentarily £4k out of MU, chop it £2k each" and then carry on.

Effectively £2k in his pocket, £2k in yours and £14k off makeup.

[RED-DOG]

The makeup x2 thing is easy enough to understand with a different example:

You are $1k in makeup online and you ask for $100 from the backer to be added to makeup so you can eat.  Next thing, you win $100 and give it back to the backer to clear that up.

What you have actually done is won $100 ON STAKE and therefore just paid the backer with $50 of your money and $50 of the backers!

This is why MUx2 is correct, $200 added to makeup so that when you next win $200, $100 of it was the backers anyway and the $100 that was yours is actually paying off the loan.

---------

Onto Keith's question.  I would offer him the chance to take up to £2k "walking around money" - but rather than MUx2, which lots of horses don't understand and therefore think is punitive, I'd do it like this:

"Let's pretend you are momentarily £4k out of MU, chop it £2k each" and then carry on.

Effectively £2k in his pocket, £2k in yours and £14k off makeup.

Great explanation Simon. I didn't get the x2 until you posted that.

[RED-DOG]

Would you care to explain the auctioning stakes process foe me now please?

[millidonk]

Simon pretty much just wins every thread he posts in. So sick.

[TL900]

The makeup x2 thing is easy enough to understand with a different example:

You are $1k in makeup online and you ask for $100 from the backer to be added to makeup so you can eat.  Next thing, you win $100 and give it back to the backer to clear that up.

What you have actually done is won $100 ON STAKE and therefore just paid the backer with $50 of your money and $50 of the backers!

This is why MUx2 is correct, $200 added to makeup so that when you next win $200, $100 of it was the backers anyway and the $100 that was yours is actually paying off the loan.

---------

Onto Keith's question.  I would offer him the chance to take up to £2k "walking around money" - but rather than MUx2, which lots of horses don't understand and therefore think is punitive, I'd do it like this:

"Let's pretend you are momentarily £4k out of MU, chop it £2k each" and then carry on.

Effectively £2k in his pocket, £2k in yours and £14k off makeup.

seems very reasonable.

[Simon Galloway]

Would you care to explain the auctioning stakes process foe me now please?

I'm hoping someone is going to explain it to me tbh, as things stand, I'm not a fan.

[Graham C]

Reasonable to add it on if he's asked for it, if he's not expecting anything then its a bit harsh to just add more make up on imo.  If you want to tip him, that'd bhe down to you

[Simon Galloway]

One interesting thing often happens in these situations.  I suggested "offer up to £2k" and in my experience, when you do that (and the horse knows that you are taking the same amount of profit at the same time) rather than going from a mentality of "how much can I have" - at least a portion of horses now have a mentality of "how much do I need" and actually take 500 or a grand rather than the 2k facility you offered.

[Simon Galloway]

Reasonable to add it on if he's asked for it, if he's not expecting anything then its a bit harsh to just add more make up on imo.  If you want to tip him, that'd bhe down to you

That's why I offer the opportunity, quite often for higher % too, primarily because the absolute numbers are smaller than £20k.  They either need money or they don't.  If they don't and I decide to reward the performance, I'd put him in something on a "one-time-no-MU" deal.

[hector62]

I have a theoretical question which I hope you wont mind me asking in this thread.

Suppose someone who is staked and is in £10k makeup gets a  win at a poker tournament, say £5K in cash, and on the way home gets mugged and loses it all. What would happen regarding makeup etc?

[George2Loose]

I have a theoretical question which I hope you wont mind me asking in this thread.

Suppose someone who is staked and is in £10k makeup gets a  win at a poker tournament, say £5K in cash, and on the way home gets mugged and loses it all. What would happen regarding makeup etc?

erm well he'd owe his backer 5k

[Dubai]

Makeup x2 is only if the horse is on 50/50 after mup obviously. If the deal is different then you just adjust the amount that goes on to reflect the horses share

[Junior Senior]

I have a theoretical question which I hope you wont mind me asking in this thread.

Suppose someone who is staked and is in £10k makeup gets a  win at a poker tournament, say £5K in cash, and on the way home gets mugged and loses it all. What would happen regarding makeup etc?

If he gets beaten about the face and there is visible scarring it may be acceptable to use make up. If horse is female then of course make up is standard

[The Camel]

I have a theoretical question which I hope you wont mind me asking in this thread.

Suppose someone who is staked and is in £10k makeup gets a  win at a poker tournament, say £5K in cash, and on the way home gets mugged and loses it all. What would happen regarding makeup etc?

If you are 100% certain his story iis true, I think giving him a small break might be in order.

[The Camel]

I have a theoretical question which I hope you wont mind me asking in this thread.

Suppose someone who is staked and is in £10k makeup gets a  win at a poker tournament, say £5K in cash, and on the way home gets mugged and loses it all. What would happen regarding makeup etc?

If he gets beaten about the face and there is visible scarring it may be acceptable to use make up. If horse is female then of course make up is standard

Are you AndrewT in disguise?