#1
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Question re: someone staking you.. (not stalking)
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?
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#2
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Re: Question re: someone staking you.. (not stalking)
I'd say 70/30.
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#3
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Re: Question re: someone staking you.. (not stalking)
70/30? 70% to whom? I'm talking about the $5,000 entry WPT event on the 28th of this month btw..
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#4
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Re: Question re: someone staking you.. (not stalking)
To the backer of course..
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#5
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Re: Question re: someone staking you.. (not stalking)
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 |
#6
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Re: Question re: someone staking you.. (not stalking)
I think 50/50 is more standard for that type of deal.
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#7
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Re: Question re: someone staking you.. (not stalking)
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.
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#8
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Re: Question re: someone staking you.. (not stalking)
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) |
#9
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Re: Question re: someone staking you.. (not stalking)
By the way, Greg...welcome back to the board and congrats on another fine tournament this year. [img]/images/graemlins/smile.gif[/img]
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#10
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Re: Question re: someone staking you.. (not stalking)
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!
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