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APAT Staking Exchange - Discussion

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Des:

--- Quote from: poker_jason on June 04, 2012, 21:04:59 PM ---
I apologise if this sounded ****y - it wasn"t meant to be in any shape. Honestly, I think the APAT guys do an amazing job.

I"m geninuely interested in "what checks" are proposed and by the definition/detail of a "Licence".

I guess we"ll know when they know/decide.

Agree "The stakee can choose to take the 1% APAT cut into account when setting the selling percentage if they so choose and if they explain this in their staking request." I"d pretty much assume most would do this.

p.s. Can I be first to put myself forward to be staked in $1500 WSOP event (aka 2013)..... :)

Not so late or confused - just tired (day at folly farm with my children). edited out kids due to bad pun...




--- End quote ---



--- Quote ---I"m geninuely interested in "what checks" are proposed and by the definition/detail of a "Licence".

I guess we"ll know when they know/decide.
--- End quote ---


Where a player is less well known on the forum we"ll connect with them on Facebook, investigate their record on the Hendon Mob or sites like Pocket Fives.  Ultimately if we find that an individual has no friends and record, then we will not license them to post staking requests on the staking board. 

If we do go ahead with the staking initiative we will do so on a board that everyday posters will be unable to post on, unless licensed to do so by APAT.  That step, and the addition of fees should remove some of the opportunistic requests also.

Des:

--- Quote from: noble1 on June 05, 2012, 02:06:30 AM ---

--- Quote from: Des on June 03, 2012, 00:25:36 AM ---
There seems to be a lot of positive response to the staking board idea and offering a free service along the lines of those offered elsewhere would be a relatively straight forward process, but I"d like to get your feedback to a managed option that would be revenue generating for APAT.


-  APAT would charge players looking for staking a one off license fee of £10 plus 1% of any prize money won in the staked tournament.  So if for example a staked player sold 50% of his / her action and went on to win £3,000, the amount going back to stakers would be £1,500, while the staked player would also return £30 to APAT. 


With regards to the charges, it is my opinion a one off license fee of £10 would deter time wasters and act as a form of identity check.  In addition, the 1% of prize money, while unlikely to provide any meaningful revenue for APAT, would justify our investing some resource into ensuring the service is managed and publicised in such a way that would encourage as many of the members as possible to give staking a try. 

--- End quote ---


on the 1% fee thingy Des, will APAT have the fee capped ?

--- End quote ---


I don"t think we would cap it Mark.  I would envisage the majority of wins would be tiny, but a speculative large win could be incredibly helpful to APAT also.  

Sef:
I actually like the 1 off £10 fee idea to deter any old chancer. The % of winnings to APAT, as i said at the start, should be standard for allowing to advertise the request and I"m sure we all know the revenue generated by it would benefit us as members in future. Regulate the part of the forum to a point YES, act as middle man a definitave NO. Transactions between staker and stakee only.

Also not sure if it"s possible and the legal work, if any, needed for this, but anyone in the database to accept the Ts&Cs when joining it so that any requests/sales can be legally binding between the 2 parties (not to involve APAT)?

Also I don"t think there should be a cap on the fee.

Zozzy:
I like the idea of the £10 fee, and checks being done via Hendon Mob stats for example.  This would create trust with fellow members.
A staking forum is a brilliant idea if done in the right spirit. It would create a lot of fun and banter at the rails. The last thing you would want is random players with no known contacts asking to be bought into events.
The Apat brand to me stands for good organisation and fairness. There are plenty of examples of this in the forum discussions.
I prefer the 1% to Apat pay option to the totally free option because peace of mind is important.

mal666:
Wow, looks like a goer, wp Des.

Early days I know but who would head the syndicate ? If my money was in there I"d like some say in who got backed with it obv.

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