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I and chopfi have worked out a staking deal. The terms are the following:
Volume: 100K hands, to be played by 30th of June 2014
Limits played: NL50 Zoom Full Ring
Staked amount: $1000 in 2 $500 increments. If the stakee loses the first increment, he will receive the second increment after the staker has evaluated the hand hostories, if the staker wishes to continue.
Profit sharing:
1. If the stakee gets direct profit above the staked amount and only the first increment is used, the staker gets 35% of the Zoom profit plus 8%/10% of the rake(depending on VIP level Gold/Platinum), all multiplied by 0.84;
2. If the stakee gets direct profit above the staked amount and the second increment is used, the staker gets 45% of the Zoom profit plus 8%/10% of the rake(depending on VIP level Gold/Platinum), all multiplied by 0.84;
3. If the stakee gets no direct profit above the staked amount: 100% backer.
The stakee has to send hand histories to the backer every Sunday.
The 0.84 multiplier is for government taxing purposes (16%).
Originally posted by AlphaVillain
I and chopfi have worked out a staking deal. The terms are the following:
Volume: 100K hands, to be played by 30th of June 2014Limits played: NL50 Zoom Full Ring
Staked amount: $1000 in 2 $500 increments. If the stakee loses the first increment, he will receive the second increment after the staker has evaluated the hand hostories, if the staker wishes to continue.
Profit sharing:
1. If the stakee gets direct profit above the staked amount and only the first increment is used, the staker gets 35% of the Zoom profit plus 8%/10% of the rake(depending on VIP level Gold/Platinum), all multiplied by 0.84;
2. If the stakee gets direct profit above the staked amount and the second increment is used, the staker gets 45% of the Zoom profit plus 8%/10% of the rake(depending on VIP level Gold/Platinum), all multiplied by 0.84;
3. If the stakee gets no direct profit above the staked amount: 100% backer.
The stakee has to send hand histories to the backer every Sunday.The 0.84 multiplier is for government taxing purposes (16%).
Hope we will make some money 
First shot went pretty bad. We've agreed that I'll take the second 10 buy-in shot at NL50 with the condition that if this shot goes bad too, I'll make a staking deal with chopfi for NL25, 150K hands. He will get 25% of the total profit (table winnings + rakeback + milestones).
Originally posted by AlphaVillain
First shot went pretty bad. We've agreed that I'll take the second 10 buy-in shot at NL50 with the condition that if this shot goes bad too, I'll make a staking deal with chopfi for NL25, 150K hands. He will get 25% of the total profit (table winnings + rakeback + milestones).
Hope we will have more luck with the second increment. Send you the money tomorrow morning.
After a pretty bad run below EV at NL50, I ended up losing about 3.5 buy-ins over 41K hands and decided to drop down to NL25 for some mental relaxation, and chopfi agreed. I sent him back some of the bankroll since I don't need almost $900 for NL25.
The deal for NL25 is:
$500 starting bankroll
$672.82 = break-even limit (recovering NL50 losses)
150K hands
25% of the total profit goes to chopfi
Volume to be played by 31st of August.
Originally posted by AlphaVillain
After a pretty bad run below EV at NL50, I ended up losing about 3.5 buy-ins over 41K hands and decided to drop down to NL25 for some mental relaxation, and chopfi agreed. I sent him back some of the bankroll since I don't need almost $900 for NL25.The deal for NL25 is:
$500 starting bankroll
$672.82 = break-even limit (recovering NL50 losses)
150K hands
25% of the total profit goes to chopfi
Volume to be played by 31st of August.