Poker Forum > Staker Exchange
APAT Staking Exchange - Discussion
fandango:
Rob your a genius
Just in case no won has told you before ;D excellent post sir!!
Fatcatstu:
About time someone posted something about this in English!!! Top post Rob!!!
Des:
--- Quote from: SirPercival on June 19, 2012, 09:01:13 AM ---
Excellent post Rob. Now can you do one for make-up please ;D
Des/Tighty - Can I suggest we place this, or similar example in the sticky threads.
--- End quote ---
Have done Stu and thanks for the contribution Rob.
KarmaDope:
Makeup in staking (aka Cake in some places)
Now, I"m not Rob - but I"ll briefly touch on this and hopefully if I"m wrong, someone more knowledgeable will be able to correct me.
The basic premise of makeup is where the stakee agrees to play a number of tournaments for the staker(s) on the premise that should the stakee win money, the cost of all tournaments will be repaid before the remainder of the profit is chopped. Makeup is the money used to enter stakee into tournaments.
Example:
Staker and stakee agree a deal where staker plays a schedule consisting of 10 tournaments totalling $100 every night for 6 months on a 50/50 deal with makeup. Stakee does not cash until day 6 where he wins $3000. Stakee sends $600 back to staker and they chop the remaining $2400 as profit. Staker still continues to send $100 daily from day 7.
What happens at the end of the deal if the stakee does not turn a profit?
There are a few options and they depend on what both staker and stakee wish to do. Staker can cancel the makeup and eat the cost. If the staker doesn"t want to continue backing the stakee, they can sell the makeup at a reduced price (to be agreed privately) to the stakee"s new backer. The stakee can buy himself out should he wish to go alone. There are other options, but these are the main.
Now I"ve only really seen makeup applied to long term agreements - and I was surprised to see it mentioned here. I don"t believe it"s the norm for makeup to be added to single stakes and I wouldn"t want it myself.
duke3016:
--- Quote from: Swinebag22 on June 18, 2012, 23:41:19 PM ---
Ger wants staking into the WSOP main event ($10K buyin)
Scouse decides he"s having that and ships Ger the $10K.
--- End quote ---
Steve, you have my number - waiting for the call 8)
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