Being Staked in a Tournament

pretending · #1 03-22-2005, 06:37 PM

Someone is staking me for the full $1500+80 buyin in Reno this Sunday and I am wondering if there is a standard for splitting net-profits. I assume it to be 50-50, after expenses, but I wanted to check in here on the matter. Thanks

tek · #2 03-22-2005, 06:51 PM

As in any business deal start high and move down. Since he agreed to stake you without clearing up the minor detail of profit split, he may be dumb enough to take 25%. [img]/images/graemlins/laugh.gif[/img]

pretending · #3 03-22-2005, 07:00 PM

Well, I want to be fair, do well and hope for repeat business. But I take it from what you are saying there really is no set standard?
Thx

MLG · #4 03-22-2005, 07:08 PM

no, but getting 50% is very very good for you. usually you would get from 20%-35% for a one time deal.

flyingmoose · #5 03-22-2005, 07:09 PM

I believe 80% for the backer and 20% for the player is standard for a full stake.

If he was only staking a percentage of the buy-in, then it would be standard for that percentage to also be his take in the net profits.

Anyone who knows more about this than me, feel free to correct me if I'm wrong.