Question re: someone staking you.. (not stalking)

taylor · #1 08-01-2005, 02:23 PM

What is the basic cut of any monies won when someone or a group is backing you in a Tournament and paying the complete entrance fee? I'm assuming it's 50/50 correct? And you give them their 50% minus the taxes. Is this right?

TheTimeIsUp · #2 08-01-2005, 02:31 PM

I'd say 70/30.

taylor · #3 08-01-2005, 02:33 PM

70/30? 70% to whom? I'm talking about the $5,000 entry WPT event on the 28th of this month btw..

TheTimeIsUp · #4 08-01-2005, 02:39 PM

To the backer of course..

taylor · #5 08-01-2005, 02:45 PM

Whoa. I'm being offered 50/50 as the player so I best keep my mouth shut and accept. Thank you Sir [img]/images/graemlins/smile.gif[/img]

Taylor

scott8 · #6 08-01-2005, 02:47 PM

I think 50/50 is more standard for that type of deal.

TheTimeIsUp · #7 08-01-2005, 02:48 PM

I do see a small ammount of 50/50s going on these days, but they are always from novice stakers. You should def. take it though. Np.

Greg (FossilMan) · #8 08-01-2005, 06:04 PM

If this is for a single event, that is, you will settle up after playing only one event for the backer(s), then anytime they are giving you more than 10%, you are getting a good deal. And that's assuming that you're a solid winning tournament player. By that I mean a player who has a reaasonable expectation of making a significant profit in this event. If you're not a winning player, then getting anything at all, even 1%, is a great deal.

later, Greg Raymer (FossilMan)

coffeecrazy1 · #9 08-01-2005, 06:14 PM

By the way, Greg...welcome back to the board and congrats on another fine tournament this year. [img]/images/graemlins/smile.gif[/img]

taylor · #10 08-01-2005, 07:57 PM

Thanks for the reply Greg. I'm in the catbird seat then because this will be my 1st Live Tournament ever. God Bless the novice backers [img]/images/graemlins/smile.gif[/img] And a hearty congratulations to you on your WSOP achievements!