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APAT Staking Exchange - Discussion

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Swinebag:
Don"t mind the idea of the £10 one off and the 1% for the reason given by Des above

My only reservation is that the 1% refelects other stakers 1%, given that some BAP"s will be with or without stakeback

poker_jason:
Late, Tired & Confused.

What is meant by a Licence? You verify who a person is and give them permission to post as stakee/staker? Pay £10 for the prvilege. What sort of checks are intended?  

Sounds like we putting obstacles in peoples way. I assume you are able to restrict a forum area to specific users?

Kinda like the managed service approach - would like to understand how that would work. Especially handling of money (Are you going to hold a DB of peoples bank details........hmmm)

Bigfella42:
Jason I think Des has said above that APAT would not now act as  middleman so they wouldn"t need bank details. Having said that a lot of staking is paid by bank transfer and bank account details are routinely pm"d so I would have welcomed a more secure way of doing this.

I think the suggestion from Des is a good one as realistically the only people who would seek staking this way (fee based plus % of winnings) would be those who support APAT and who would be happy to give something back to the community when they cash.

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.

poker_jason:
I apologise if this sounded arsey - 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...


noble1:

--- 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 ?

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