When make up is involved it is acted as one whole stake....Quote:
Originally Posted by snklzona
Total profit would be 0. which means he gets all $ back and i get nothing
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When make up is involved it is acted as one whole stake....Quote:
Originally Posted by snklzona
Total profit would be 0. which means he gets all $ back and i get nothing
there are mixed opinions on this. im gonna do some research and see whom is exactly right on this case. either way funds have been shipped. im putting unkclan at a 0 balance and currently am done with this horse. if upon further research i find i am wrong in this matter i will apologize to unkclan.
otherwise ty all for your opinions and gl on the felt
i agree 100%Quote:
Originally Posted by snklzona
This should help explain it for all of youQuote:
Originally Posted by Unkclan
OK if a backer is staking for M/U then all profit goes toward M/U. If stakes are for different sites and staker wants them separate, then they must be treated as such.
The whole reason for staking a horse in M/U is so the staker will get his M/U back at full value. Otherwise it can be 'bought' out at a % of the value, normally 50%
This is general rules to staking, and is standard practice.
K guys. Hope this helps.
Thats exactly right. He's taking all the risk he should be rewarded. Now there is a huge difference between a stake and a loan though tommy. Always make it clear that the original stake/loan must be repayed before initiating another stake. If those terms arent agreed upon dont give the stake. Next time u wanna stake a mtt on swc PD BCP or ACR let me know. I will be very certain we have a clear agreement before I play with your money.Quote:
Originally Posted by Unkclan
why would i be in the hole 20 cents while he is up $37 if the whole idea of staking is to split profits 60/40Quote:
Originally Posted by eichroll
$25 make up is like -$25 profit so according to your logic we would split that -25 so i only have -10.
yall clueless
Thats y i said difference between stake and loan. A loan must be repaid no matter what unk and tommy. a stake is a risk free adventure for the player. If the player doesnt winhe doesnt owe a thing. However in a loan he owes principle plus interest. just fyiQuote:
Originally Posted by Unkclan
that's why make up was brought into play. if you continue to be staked you have to repay what you owed.Quote:
Originally Posted by eichroll
basically keep a running tally of profit.
-25 profit now down to -21.43. etc
if i stake a guy 2 10$ tourneys. he loses. he owes 20$ now according to makeup. now i stake him in 1 more tourney a week later for 10$ he is putting up 0$ in this venture. now he owes 30$ on that i agree, but he cashes in this 3rd tourney for 50$ lets say. and its 60/40 agreement. he owes 20$ on a previous stake. 50$-10$ leaves 40$ i should get 60% =24$ and the 16$ left his % should go towards makeup owed.
why should all his future stakes count as 1 stake? or 1 continuous run? if thats the case why stake him again at all? im really not making a profit just using all the profits towards makeup. makes no sense for me to keep risking money on a guy. he plays with 0 risk and digs himself out of a hole while all i do is break even. nah im good on that.