Is this a good plan? Staking a friend, want suggestions

[w_alloy]

I would love it if you respond to my posts as long as you read them. Especially if you have expierience. I will go through your post and tell you what I found confusing.

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Sign him up for rakeback and you will earn all rakeback through life of the deal.

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I assume you mean I dont sponser his rakeback, but take all of it. Your wording is a bit ambiguous. Anyways, this is not a bad idea but is only a start.

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Then go 50/50 with profits.

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This is the only other thing of content you say. This is extremely ambiguous. If I take half his profits and all his rakeback, this will crpple his winnings. Also, the time interval I take his "profits" is extremely important. If, for example, it is weekly would I also pay half if he has a losing week? What if he is up 600 one week then down 300 then up 200 in 3 weeks. Assuming we do nothing on a losing week, then I'm actually taking 7/8s of his profit plus rakeback which is absurd. If you take a very long term approach to "profits" this is still a very crippling deal.

You dont even address some of the more important things like BR, which games to play, player development, and buying him a computer, for example.