standard stake deal.

[jaydoggie]

someone stakes me to get into a tournament. buyin $30.
i take 1st. 1st pays $120.

in a standard stake deal do you pay the person who puts up the stake, his original capitol and then 50% from the profit. or 50/50 the gross?

[Nick B.]

A stake is negotiatable. It depends on the ablity of the player. The percentage should be known before the tournament starts though. If he is willing to take the entire loss, I think a fair deal would be 75% him, 25% you.

[jwvdcw]

If your deal was 50/50 then I'd say you give him his 30 back and then split the winnings.