Re: A question: The fundamentals of backing
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If that were the agreement, then what risk did the backer take? ... That's one hell of a deal with no risk on the backer's part.
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1. Player takes $X.
2. Player looses $X.
3. Player stops playing.
4. "Backer" is out $X, as long a Player does not start playing again.
or
1. Player takes $X.
2. Player never plays.
3. "Backer" is not entitled to anything.
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