Poker Forum > Staker Exchange
APAT Staking Exchange - Discussion
Matt D:
Interesting idea. I like it, and think the regulation of the system is a step in the right direction for this kind of thing.
I"ve a couple of quick questions:
If someone requests staking on APAT, does the request have to remain exclusively here? Or can it also be offered out on other staking sites, via friends and on facebook etc?
If the latter, how does the 1% fee work? Say the horse offers up 50% for sale on APAT, but only manages to sell 25% and sells the other 25% "off forum".
edit: typo (excusively > exclusively).
Des:
--- Quote from: Matt Dale on June 14, 2012, 14:43:10 PM ---
Interesting idea. I like it, and think the regulation of the system is a step in the right direction for this kind of thing.
I"ve a couple of quick questions:
If someone requests staking on APAT, does the request have to remain excusively here? Or can it also be offered out on other staking sites, via friends and on facebook etc?
If the latter, how does the 1% fee work? Say the horse offers up 50% for sale on APAT, but only manages to sell 25% and sells the other 25% "off forum".
--- End quote ---
A good question. APAT should only retain a commission on winnings earned by stakers on the APAT Staker Exchange. That said, part of the attraction of trying to build the exchange is to lessen the requirement for players to seek funding in several different places.
Chipaccrual:
--- Quote from: Matt Dale on June 14, 2012, 14:43:10 PM ---
Interesting idea. I like it, and think the regulation of the system is a step in the right direction for this kind of thing.
I"ve a couple of quick questions:
If someone requests staking on APAT, does the request have to remain excusively here? Or can it also be offered out on other staking sites, via friends and on facebook etc?
If the latter, how does the 1% fee work? Say the horse offers up 50% for sale on APAT, but only manages to sell 25% and sells the other 25% "off forum".
--- End quote ---
I was thinking about that question a few hours ago, then got tied up with something else. Nice post Matt ;)
mylesfdo:
--- Quote from: Des on June 14, 2012, 14:22:52 PM ---
--- Quote from: mylesfdo on June 14, 2012, 14:03:49 PM ---
--- Quote from: Des on June 14, 2012, 13:48:53 PM ---
--- Quote from: mylesfdo on June 14, 2012, 13:15:57 PM ---
--- Quote from: Des on June 14, 2012, 13:04:14 PM ---
--- Quote from: mylesfdo on June 14, 2012, 12:47:32 PM ---
Still a bit confused how this is gonna work ???!!
Can I as a backer offer a stake to be run and request for applications with stats etc? i.e $150 to run 10x$15 45 mans on Stars on a 60-40 split my favour? If so do I ship funds on Stars and have winnings shipped back? What is APAT's cut of this? How would I know that Im shipping to right id on Stars as well?
As a Horse can I offer up a BAP with shares? Using above example I offer up BAP with 150 $1 shares raising the $150 needed to run the set.....I personally buy 50 shares and sell the remaining 100 to backers......BAP closes after set of 10 run with BR of $500......I retain $166.50 (500/150=3.33x50=$166.50) and balance is distributed between backers according to number of shares bought........how would APAT's cut be calculated on this? OR is this not allowed and stake requests can only be requested on a mark up basis?
--- End quote ---
I would be tempted to keep it simple to start off with Myles. Ultimately each proposal will be valued on its own merits but give the relative inexperience of members to this type of initiative, then the simpler the better. As successes are recorded, I would imagine more complex proposals will get a greater degree of response. As for APAT's share, you would pay 1% of total staker winnings to "staker@apat.com" via PayPal.
--- End quote ---
Thanks for reply but didnt really answer questions!!.......mainly can I offer up a stake as a backer rather than always requesting to be backed?......sometimes its nice to have horses earning you $$ when u havent got time to play!!....also on this subject would there be a requirement for horse to keep an updated rail?
In regards to BAP tbh imho I think this is the simplier way of running it!!......shares are sold at x amount......they have a closing value of x amount....rather than all this 1.1 mark up malarky its far simpler!!....just my opinion obv!!
--- End quote ---
Sorry I misunderstood your original post.
Yes, as a Staker you can initiate a post seeking players to invest in. The only stipulations being that responding players have to be licensed on the board, they should get their details to you via the Staker Request form, and you need to fund them in advance of the events taking place.
When returning their winnings to you, the players would at the same time pay 1% of their winnings to APAT. As stated above, you are not proposing to pay a premium and that"s fine also. It may be less attractive to longer term winning players, but ultimately it"s a free market and premiums may be less important in online staking, where travel and accommodation costs do not need to be factored in.
I would encourage all Stakers to request rail updates from their players. Ultimately that will appeal more to some players than others, but it would be up to you whether you made it a condition of the deal.
--- End quote ---
Ok great thks.....so as staker you dont lose any of your winnings if I read correctly?
Where do u post stakes available then?
--- End quote ---
Correct, this service is entirely free to Stakers.
Just post a new topic in this board. Head it "online players required" or similar. Include your topline proposal and requirements (licensed players, payment terms, reporting etc). Use PM"s to sort out account details etc.
--- End quote ---
Done.....pls just have a read through and let me know if anything not in order....apologies in advance :-[
AMRN:
If OPR is to be used as part of the reference, those licensed to be staked will need to Opt-In on Stars to have their OPR stats freely viewable.
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