Scumbag Poker Staking - Page 2

MrDannimal · #11 11-08-2004, 10:42 PM

It's pretty simple. We don't know the exact deal you hammered out with this guy. Possible options:

- Stake for 50% of potential profits from the entire session
- Stake for 50% of potential profits until stake is gone. If that happens mid-session, then nothing is owed.

There are probably more. Even if *WE* knew exactly what you believed the deal to be, we don't know what the guy being staked thought the deal was. He may have thought it was the second option while you thought it was the first. If that's the case, nobody is wrong.

My thoughts:

Try to cover all possible results while setting the deal. You were obviously around while he was playing, so you could have talked to him when he rebought. "How does this affect our deal?" might have helped.

In the end though, anytime you give anyone money, with or without a deal, you risk not getting paid back. You need to carefully consider who you give money to.

youtalkfunny · #12 11-09-2004, 12:07 AM

It seems clear to me that the deal was, "Here, sit down with my money. If you win, we split the profit. If you lose, it's on me."

It seems equally clear to me that when the last of your chips was gone, the deal was consummated.

Now if YOU had bought him more chips at this point, the deal remains in place, and you get a cut of the win.

But you didn't. YOU OPTED OUT.

dogmeat · #13 11-09-2004, 12:08 PM

You can't put him in his place. He already scammed you out of whatever you staked him. Who's the loser here? You even went on tilt and wanted him to lose what he had left. [img]/images/graemlins/tongue.gif[/img]

Dogmeat [img]/images/graemlins/spade.gif[/img]

jakethebake · #14 11-09-2004, 12:14 PM

You staked a guys first trip to a cardroom based on how he does in your homegame?

sfer · #15 11-09-2004, 12:34 PM

Greg's point is that a standard arrangement is for the amount of the stake. That's it. The staker does not have recourse to any other money belonging to the stakee. This is common in lending. Can't pay your mortgage? Give the bank your house and g'bye.

dakine · #16 11-09-2004, 04:48 PM

Wanna lose family and friends? Lend them money, especially if it's a large amount. When they don't/can't pay you back, they avoid you.

Quote:Alas! how deeply painful is all payment!
Lord Byron (1788-1824), English poet. Don Juan, cto. 10, st. 79. [img]/images/graemlins/smirk.gif[/img]

drewjustdrew · #17 11-09-2004, 05:42 PM

[ QUOTE ]
The player could have used the stake as fuel for a certain kind of table image, and used his own money to reap the benefits afterwards.

[/ QUOTE ]

I think a little due diligence is in order before you stake players. I hope someone would not stake (stake does not mean loan) a player without understanding their character.

dakine · #18 11-10-2004, 12:23 AM

(stake does not mean loan)

Semantics. [img]/images/graemlins/smirk.gif[/img]

drewjustdrew · #19 11-10-2004, 09:28 AM

[ QUOTE ]
(stake does not mean loan)

Semantics.

[/ QUOTE ]

Yes, it is the interpretation of a word. Just by saying semantics does not mean that it is minor. That is not the definition of "semantics". Stake is being interpreted as a business transaction where if a person loses the money, he is still responsible to pay. That is only the case if it was originally agreed to. If it was a loan, repayment would be implied.

dakine · #20 11-10-2004, 04:20 PM

[ QUOTE ]
[ QUOTE ]
(stake does not mean loan)

Semantics.

[/ QUOTE ]

Yes, it is the interpretation of a word. Just by saying semantics does not mean that it is minor. That is not the definition of "semantics". Stake is being interpreted as a business transaction where if a person loses the money, he is still responsible to pay. That is only the case if it was originally agreed to. If it was a loan, repayment would be implied.

[/ QUOTE ]

Ho-Hum! [img]/images/graemlins/tongue.gif[/img]