Question about backing a player...

being a backer isnt easy,
in the Philippines, the normal practise that a backer does is only 30% for the player, a few does 40% and seldom 50%, the bet usually is 110% for example original bet is $1000, they add 10% which goes to the venue (payment for the table fee), then they deduct another 10% for spotter fee (this i think is crazy, just imagine what they will just do is rack the balls, clean the table for chalks/powders, but normally if the bet is too big they will just give a portion of the bet), then lastly only 20% goes to the player. (30% is given to player, but that includes the 10% of the spotter)
money game played here is not all balls foul that is why they need a spotter to always mark balls position thru the cloth with chalks

there is also one practise you and i won't agree to, at time both players playing on backers money would agree on a 10% bonus of their winnings(30% share), this is also crazy right?
so many instance with this practice can go wrong and in the Philippines so many instances have already happen either players have already have a secret talk amongst themselves either one player has no backer, surely he will win since both agree on a 50% split on winnings hehehe i know world class players have done this things
 
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So the player only gets 20% (if he wins), while the "spotter" gets half of that, guaranteed?

Seems very odd to me.
 
A LOT depends on if you are friends, or just business associates.

I was privileged to be on the road for a long time, and the horse I ran with was a friend. We split 50/50, and I covered all expenses.
 
Meant to add, that there are also differences in the times.

Back in the day, we played Thursday - Sunday night on tour, then for several events a year we would play for an entire week.

You have to decide if it is a full time job, just on the weekend, or somewhere in between.
 
Just to torment JAM, Keith McCready's significant other.

I think she thinks that

When gambling and backing a player if they book a winner then the player should get 90% of the winnings, and the backer gets 10%.

If they book a loser, then the backer loses everything, and should give the player a enjoyable supper and a few hundred for his time.

LOL

Personally I think the backer loses when they book a loser. If they book a winner, AFTER ALL THE EXPENSES ARE DEDUCTED, then 50/50 split.

JMO,

Ken
 
Think of a backer as a payday loan. They are going to get their money. We used to call them loan sharks.
 
xplor said:
Think of a backer as a payday loan. They are going to get their money. We used to call them loan sharks.
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What are you talking about?!? Backing a player is nothing like giving a player a loan. If they lose, the money is gone. there's no getting their money back...
 
I wanted to play someone with my own money, I had the best of it. But friends convinced me to have them back me and I get 50%, I agreed. we won that first night and split up the money after the night's session was completed.

The guy wanted to play again and my friends wanted to back me again and were trying to tell me that if we lost, the previous sessions money would be deducted so I would owe them money if that happened (up to the amount won previously). I refused and said I was happy to take all the action as I wanted to in the beginning, so the agreement was for each session (not set) to stand on it's own merit, no carry overs.

We won the next session so there was no hassle, but the potential was there.

Personally I do not like to get staked and don't really gamble anything high that often, but if I'm with friends I would happily give up up to half my bet so they can get a little sweat. I used to just like to play, but that was another lifetime ago. :)

So as others have said, if the 3 sets were all in the same session, the backer would owe nothing to the player, but a hand-shake and thank you. But if the sets were spread out over multiple sessions, and the first set that was won was the end of the session, yes money would be owed in my opinion.

Dave
 
Ken_4fun said:
Just to torment JAM, Keith McCready's significant other.

I think she thinks that

When gambling and backing a player if they book a winner then the player should get 90% of the winnings, and the backer gets 10%.Ken
Click to expand...

What caused you to believe that?

And usually, in the McJAM camp the money's in different pockets, but it is just one pants.
 
Not exactly the same thing, but I once let a guy get half of my action. He bailed after I lost the first set. I knew I could win, so I kept playing on just my money. It worked out for me. I lost 1/2 of the first set then won all of the next two. :)
 
ktrepal85 said:
This is what I know about backing:

-The backer bets all the money.
-If the player wins he gets 40% of the winnings(sometimes 50%).
-If the player loses the backer pays all of the losses.

Question:

Let's say 3 sets are played.
Set 1: Win
Set 2: Loss
Set 3: Loss

Overall the backer has lost money. Does the player still get 40% of the winnings from Set 1?
Click to expand...

40% to 50% looks good but there was some explosive thread here some time ago and the talk was lower % :D
 
Ken_4fun said:
Personally I think the backer loses when they book a loser. If they book a winner, AFTER ALL THE EXPENSES ARE DEDUCTED, then 50/50 split.
Ken
Click to expand...

I like this, after expense split 50/50. But when there is BIG money on the line, it's OK for the backer to pay the player 30%...there are no strict rules.
 
12squared said:
I wanted to play someone with my own money, I had the best of it. But friends convinced me to have them back me and I get 50%, I agreed. we won that first night and split up the money after the night's session was completed.

The guy wanted to play again and my friends wanted to back me again and were trying to tell me that if we lost, the previous sessions money would be deducted so I would owe them money if that happened (up to the amount won previously). I refused and said I was happy to take all the action as I wanted to in the beginning, so the agreement was for each session (not set) to stand on it's own merit, no carry overs.

We won the next session so there was no hassle, but the potential was there.

Personally I do not like to get staked and don't really gamble anything high that often, but if I'm with friends I would happily give up up to half my bet so they can get a little sweat. I used to just like to play, but that was another lifetime ago. :)

So as others have said, if the 3 sets were all in the same session, the backer would owe nothing to the player, but a hand-shake and thank you. But if the sets were spread out over multiple sessions, and the first set that was won was the end of the session, yes money would be owed in my opinion.

Dave
Click to expand...

i totally agree with you that no carry over should happen, if you keep winning, there should be no problem, the problem will just arise if you lose and sometimes some people don't quite understand it :)

i known a professional pool player here in the Philippines, my friend is always his backer in some money games, my friend idea was just simple to have him always play to get him fired up for some big events, they usually split 50/50, but sometimes my friend would lose and next time they gamble and win again, the player would only deduct 30% for his part since they loss the last time. well i find it very good for the player to understand how hard is it to be a backer
 
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