Who likes this staking arrangement?

[scdavis0]

Background:

I have a friend who is a very strong player. I'd say better than me when he is playing his A game. He also has a gambling problem. He basically came up playing SNGs, MTT NL Hold'em. He blew up really big, really fast -- final tabling several Party multis.

He started to 4 table the 10/20 Party PLO game and destroyed that for even more. He actually played as high as 400/800 mixed games and 100/200 PLO.

Then he managed to blow hundreds of thousands betting sports, craps, and BJ.

Now he's basically broke and wanting to get back to basics playing SNGs and MTTs. The stipulations of the staking agreement would be as follows:

1. He can ONLY play SNGs and MTT NL Hold'em tournies with a max of 100+9 on the buy-in.

2. He e-mails me the results of any SNG or MTT he plays in.

3. If he goes broke I don't get paid back.

4. I stake him 2k, if/when he gets it to 6k, he transfers me 4k

5. I get 15% of any online MTT cash prize over $1k that he enters until June 1st '06.

Anything is negotiable.

What say you 2+2?

[XXXNoahXXX]

Beware of Party Poker Blackjack.

[TomHimself]

have him remove all the blackjack icons and sidebet icons first off.

i wouldnt let him play 100$ MTT wit only 2k BTW.

i would try and get more than 15% on any cash in a MTT.

[TomHimself]

i would also go ahead and x-post this in STT imo

[JMP300z]

is it possible to remove those icons?

[woodguy]

Never trust a junkie.

Regards,
Woodguy

[TomHimself]

yes do a search in mtt like 2 weeks ago and in the stt forum

edit: it requires changing party files etc. FWIW. its pretty easy to do though

[locutus2002]

MBA:

At the end of the day people invest in the management teams, not in the strength of the business.

Your friend does not have the character to make a winning investment; all money is fungable (it can be used at the discretion of management for any purpose they deem necessary to forward the business). The courts have supported many seemingly self-interested donkey moves.

Find a better investment or give the money to your friend.

[CardSharpCook]

remove BJ + SB icons.

[JeanieJ]

If your friend was worth staking I don't think he'd be broke in the first place. He has a gambling problem as well as a problem setting himself limits and sticking to them (IE: Where he spends his bankroll).

IMO- It's a bad idea to stake anyone you feel is a friend. It goes beyond business, and becomes personal.

GL in whatever you decide to do.