Poker Forum > Staker Exchange
APAT Staking Exchange - Discussion
SirPercival:
Paulie, you say "profit" but Des has said "winnings".
In Marks example he never made any profit as the winnings were less than the overall stake.
AJDUK:
--- Quote from: Des on June 25, 2012, 13:39:57 PM ---
The responsibility for paying the APAT fee sits with the Licensed Player. In addition to returning winnings to his/her Stakers, the licensed player should also return "1% of the total returned to the Stakers", to APAT, via our PayPal account - staker@apat.com.
--- End quote ---
My issue here is with the definition of winnings. If the stakers don"t make a profit they haven"t won anything. In that case I don"t think APAT should receive anything.
AJDUK:
--- Quote from: AJDUK on June 25, 2012, 14:21:55 PM ---
--- Quote from: Des on June 25, 2012, 13:39:57 PM ---
The responsibility for paying the APAT fee sits with the Licensed Player. In addition to returning winnings to his/her Stakers, the licensed player should also return "1% of the total returned to the Stakers", to APAT, via our PayPal account - staker@apat.com.
--- End quote ---
My issue here is with the definition of winnings. If the stakers don"t make a profit they haven"t won anything. In that case I don"t think APAT should receive anything.
--- End quote ---
Of course, there are also scenarios where the stakers may lose but the horse wins e.g. a 100% deal with no stakeback, where the total returns are less than the total stake.
Chipaccrual:
"Licensed Player": Players who have sought and received APAT's approval to utilise the Staking Exchange to seek Staking. Licensed Players will be required to pay APAT a one off £10 license fee and 1% of the total value won by Stakers.
Nothing to do with profit.
In addition to returning any winnings to the stakers, 1% of those winnings will be paid to APAT via the APAT paypal account.
Here"s an example, and you don"t need A, B & C, so as to keep it simple.
Stakee has 50% of the action
Stakers has 50% of the action
Stakee wins £1000
Returns £500 to the stakers
Returns £5 (1% of the stakers return) to APAT
Keeps £495 for themselves
To summarise this prior to the staking taking place would be :-
Stakers 50%
Stakee 49.5%
APAT 0.5%
APAT's percentage in these terms will vary depending on how much of their action the stakee in giving up. For example
Stakers 80%
Stakee 19.2%
APAT 0.8%
or
Stakers 30%
Stakee 69.7%
APAT 0.3%
AJDUK:
--- Quote from: Chipaccrual on June 25, 2012, 14:41:40 PM ---
"Licensed Player": Players who have sought and received APAT's approval to utilise the Staking Exchange to seek Staking. Licensed Players will be required to pay APAT a one off £10 license fee and 1% of the total value won by Stakers.
Nothing to do with profit.
--- End quote ---
Then change it to "1% of the total value returned to Stakers, paid from the Players" returns by the Player" or similar.
"won" and "winnings" are the wrong words and create confusion.
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