Online poker stake deal

Stake deal

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Tuesday, March 31st, 2009 | Mark | Poker Articles, Poker Bankroll Building, Poker Projects

This article belongs to the Poker Articles series.

I was approached the other day by my good friend MaddyUK who wanted to discuss a possible online poker stake deal. Maddy has previously grinded 1/2$ shorthanded cash games with good success and I know him to be an extremely disciplined player so obviously I was interested to hear what he had to say.

Turns out he is highly motivated to get back in the game but hasn’t started due to a lack of necessary funds to start up an online poker bankroll. Maddy’s timing was perfect since I have 1000$ of risk capital lying around perfectly suited for an online poker stake deal.

Here’s what we agreed on:

Starting bankroll: 1000$

Revenue share: 50/50 for the 1000$-6000$ profit interval

Limits:

1000$-1500$ : 0,25/0,5. If the bankroll drops below 500$ the project is stopped. Between 500$ and 1000$ Maddy will continue to play on the 0,25/0,5 tables.
1500$-3000$ : 0,5/1. If the bankroll drops to the interval 1200$-1500$ Maddy will continue on the 0,5/1 tables. If the bankroll drops below 1200$ he will move down to the 0,25/0,5 tables.
3000$- ? : 1/2. If the bankroll drops to the interval 2400$-3000$ Maddy will continue on the 1/2 tables. If the bankroll drops below 2400$ he will move down to the 0,5/1 tables.

Daily stop loss: 2 full buyins at any given level

I would not recommend people to do stake deals unless they know the person they will be staking really well. I have known Maddy for more than 20 years so there are no trust issues whatsoever.

You can follow the progress of the bankroll building project on Twitter (pokerBRBblog and MaddyUK) and I will also post regular updates here.

Wish us luck:-)

You could be posting your articles on the Poker Bankroll Blog. Read all about it here.

6 Comments to Stake deal

Maddy
April 2, 2009

What Mark does not know is that I will combine bankroll building with the skills/principals of Loco poker…

http://pokerbankrollblog.com/loco-poker.htm

I have still not found a place to start the bankroll building. Might as well place the money where I get the best rakeback or poker bonus.

Wish me luck!
Maddy
http://www.twitter.com/maddyuk

Poker Farce
April 3, 2009

Good to see you’ve got some terms laid out well. I love doing 1 time deals and freerolls for people just for the gamble. Last time I tried to do a prolonged staking deal with a friend it didn’t go so well so I usually advise against any long term staking arrangements. I guess if your horse is tame it’s ok.