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#1
10-19-2005, 11:14 AM
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Fronting Someone Money
There is a player who I trust am confident that they are capable to beat the Party 1k/2k. They are going to have time availible to play online now, but their funds are tied up in other business ventures. (im not going to name the person.)
I want to find a deal that is fair for both of us. Here is one of my first ideas: Any money I lend has to be paid back to me with an extra 35% of the total sum on top no matter what cirumstances arise. So if they borrow 10K, they'll pay back $13.5K. If he borrows $20K, he'll pay back $27K. He starts in the Party $1,000 games. I will start him off with $10K and monitor his play. If he loses that $10K I will look over his play and decide if I want to continue backing him to play in this game. If I feel that he can still beat the game, then I will simply lend him another $10K. If he only needs to borrow $10K and then reachs a total bankroll of $35K, then he will pay me back $13.5K and our financial relationship will end. If he needs to borrow $20,000, then when his Bankroll reachs $50K, he will pay me $27K and our financial relationship will end. If he loses the entire 20K, we work out some deal for him to pay me back long term. The way I see it, Im confident he can beat the Party 5/10 multitabling for a minimum of $200/hr. He plans to play 25hr/wk. Thats 5K/week. So in two months he should be able to pay me back and use that capital to make alot more in the future. 
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#3
10-19-2005, 11:23 AM
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Re: Fronting Someone Money
The first looks good. But generally, when you spot if they loose the roller eats it. Doesnt make them pay it back. Im in a similar situation. I might get rolled to play 5-10 and 10-25 NL. He wants half of my winnings until I end the relationship. I think that is too steep....
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#4
10-19-2005, 11:25 AM
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Re: Fronting Someone Money
[ QUOTE ]
The first looks good. But generally, when you spot if they loose the roller eats it. Doesnt make them pay it back. Im in a similar situation. I might get rolled to play 5-10 and 10-25 NL. He wants half of my winnings until I end the relationship. I think that is too steep.... [/ QUOTE ] What's half of 0?
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#5
10-19-2005, 11:26 AM
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Re: Fronting Someone Money
[ QUOTE ]
The first looks good. But generally, when you spot if they loose the roller eats it. Doesnt make them pay it back. Im in a similar situation. I might get rolled to play 5-10 and 10-25 NL. He wants half of my winnings until I end the relationship. I think that is too steep.... [/ QUOTE ] 50/50 for your man to take all the risk is fair. OP, is he giving you any sort of collateral or writing in paper? I don't like the idea of loaning people money to play poker but am considering doing so myself if hte oppurtunity arises.
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#6
10-19-2005, 11:27 AM
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Re: Fronting Someone Money
i can't do that tough math, which is good, since the answer is an irrelevant amount for the purposes of kkf's proposed deal in which he must be paid back in full.
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#7
10-19-2005, 11:27 AM
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Re: Fronting Someone Money
[ QUOTE ]
[ QUOTE ] The first looks good. But generally, when you spot if they loose the roller eats it. Doesnt make them pay it back. Im in a similar situation. I might get rolled to play 5-10 and 10-25 NL. He wants half of my winnings until I end the relationship. I think that is too steep.... [/ QUOTE ] What's half of 0? [/ QUOTE ] I took math classes, that is precisely, ZERO.
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#8
10-19-2005, 11:32 AM
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Re: Fronting Someone Money
Constant flaming on me I don't remember ever starting anything with you Yeti. And I could care less if you think I can or cannot beat these games there are many people who I've played with that know I can. Dont jack this post for no reason. I just mentioned my situation as it seemed relevent to posters question, so I dont understand the need to flame.....
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#10
10-19-2005, 11:44 AM
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Re: Fronting Someone Money
[ QUOTE ]
Constant flaming on me I don't remember ever starting anything with you Yeti. And I could care less if you think I can or cannot beat these games there are many people who I've played with that know I can. Dont jack this post for no reason. I just mentioned my situation as it seemed relevent to posters question, so I dont understand the need to flame..... [/ QUOTE ] now boys, you can settle this with a $1k freezeout. good luck. i'll put in some sidebets, too. in fact, we could set up some system where I'll take all the sidebets and pay the winners accordingly. nothing but 2+2 hostility.
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Linear Mode
