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Old 07-16-07, 10:33 AM
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Default Backing question...

Let's say someone backs you in a cash game. You agree to 50% and the backer puts up 100% of the initial buy in. Say it's a 100 buy in. You end up with 300 at night's end. Do you give the backer 150 or 200? Or is this something you'd just confirm with the backer in the first place?
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Old 07-16-07, 10:36 AM
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I'm not a backing expert by any means but my understanding is that it depends on the original agreement. If it was for a flat 50% then you would be paying back $150. If it was stakeback plus 50% then it's $200 that is owed.
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  #3  
Old 07-16-07, 12:46 PM
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Unless you came up with some other goofy arrangement, you pay back $200 - stakeback plus half the profits.

Imagine if you played and ended up with $120 - Would you really only ship $60, for a $40 loss for the backer and a $60 win for the backee, who only REALLY won $20 with someone else's money?

Obviously that doesn't make any sense. A profit was made, so the backer deserves to see some of it and not take a loss. So you'd send back the $100 and then split the remaining $20.

Otherwise, I wouldn't expect to be backed by that same backer ever again - that's for sure.
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Old 07-16-07, 12:54 PM
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Ok, here's another question...If say your backer gives you a full buy in, but you go into your own pocket to top yourself off a couple times say an extra 50 on top of the original 100 so total buy ins = 150 and you end up with the same 300? So You're up 150 total.
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Old 07-16-07, 03:08 PM
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So he gave you $100, you used another $50 from your own pocket (by choice, and not per your agreement with him), and you ended up with $300?

I'd say you own him (his) $100 + $75 (50% of 150) = $175.
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