Backing Question
 

I am considering about backing a friend of mine, and have a couple questions.

We are going to do a deal where I would get 50% the winnings but have to cover his losses.

Say he lose $200 6x in a row but then cashes for 600. How much should I get back?

Should be getting paid 200, even though overall he is -800?

They are each +ev individually so, they don't collectively become -ev. Something just feels off.


I seem to remember Fossilman making a good post about this, but I can't find it. If anyone has a link that would be awesome.

Thanks,
Dan

Re: Backing Question
 

i say you should take like 50% of the profit. That way, all he has to be is +EV for it to be profitable for you.

If you take 50% of the winnings, ,he has to be a 100% ROI player for it to be +EV.
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As for wether to base it on each tournament or collective, if it's gonna be a long term thing, i think it makes more sense to have it based on all of them. So, if he loses 6 in a row, he 'owes' you 1200 from the winnigns.

dunno if what i just wrote made sense, i'm tired/sick.