Re: Staking a buddy (take 2)
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Here's the short version: I staked a friend 2k. I got 25% plus all his rakeback (if he loses, it's on me). Two weeks in he was up and cashed out 1,100 (for bills). I took 25% of that as well. Then he lost the rest. Interestingly, between the rakeback and the money from the cashout, I've gotten a return of exactly 2k. Now what the hell do I do?
Do we just start over? Would you alter the deal? How do you feel about him cashing out only part of his winnings like that?
Thanks for your help.
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He generated roughly $1750 in rakeback off of a $2k roll? Over what period of time? Sounds to me like he was playing way over his bankroll.
Edit: Unless he was like 8-tabling 3/6 or something like that.
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