What\'s a good staking deal for WSOP ME 2006?
My friend has offerred to stake me 50% of the buy in for the WSOP ME 2006. He knows it's something I really want to play in and he will get some thrill of knowing he helped one of his friends make his dream come true.
He is also doing it to make money.
Here is the deal he is proposing:
1. If I win my way in through satellites or online, he will receive 10% of my winnings. By having the confidence of knowing I am going to play either way, he deserves some compensation for putting up the $5,000 now.
2. Of the first 10,000 in winnings, he receives 100% I receive 0%
3. On every dollar over $10,000 I get 40% and he gets 60%
4. I must pay his hotel and food costs for the time he is in Vegas rooting for me.
I am a winning low stakes cash game player. I am sure I am a net loser in large multi table tournaments. So he is taking a lot of risk with the 5,000.
On the other hand, it seems like I am giving a lot away if I happen to go on a good run.
Does anyone out there feel comfortable sharing what their staking arrangements were for the WSOP?
This is just a one time deal, not a year long arrangement.
|