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being a backer
I am considering staking a friend of mine who is a very good poker player but stopped playing for a while to try and start a business. I'm looking at this as an investment opportunity. Does anyone here know how these arrangements are usually set up? He's an online limit ring game player. My thinking was that I'd give him 2k to get him started at 2-4 and maybe 3-6. Is this enough? Starting at these limits, he's capable of making 5k within a month easily.
Also, I don't have a clue how to structure our deal as I have no experience with this at all. I want to maximize my potential return while allowing him to build a roll as quickly as possible. Any and all ideas and input are welcome. Thanks, Marlow |
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