% when backing pool player
- Thread starter Bmaker12
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I have absolutely no knowledge in this area... but that seems a bit low... I was thinking somewhere between 30-35 percent.
Like I said, it varies. I know guys that have gotten 60/40 splits and I know guys that have gotten 85/15 splits. Hell, I've seen guys get backed and get no cut; They just wanted to match up for the experience.
My other half was offered 20 percent by a prospective backer to compete a challenge-type match some years ago, to which he politely declined. He personally felt it was an insult. That is coming from the player's point of view.
I totally understand the view of the stakehorse, since they're the one putting their dough at risk by financing the entire operation. They can win a bunch or lose it all; whereas, the player gets a free grab at the golden ring. But it *is" the player doing all the work, and it's hard work, whether people want to acknowledge it or not. It's extremely intense, especially if it is being filmed. There is a great deal of pressure that one can only understand if they have experienced it.
I personally think 50/50 *after* expenses is fair, but I'm sure I am in the minority. :grin-square:
I totally understand the view of the stakehorse, since they're the one putting their dough at risk by financing the entire operation. They can win a bunch or lose it all; whereas, the player gets a free grab at the golden ring. But it *is" the player doing all the work, and it's hard work, whether people want to acknowledge it or not. It's extremely intense, especially if it is being filmed. There is a great deal of pressure that one can only understand if they have experienced it.
I personally think 50/50 *after* expenses is fair, but I'm sure I am in the minority. :grin-square:
JAM, I agree with you on this. Unless you ALWAYS stake people and are treating it like a business, you are probably backing a buddy or driving the game to happen. If you lose you always get 0% anyway. If it's a buddy and you guys are up anyway why not split it. I've split the money up even about half the time. I'm talking in the $100-$2000 range.
If it's much higher than that, a lower percentage is fair just cause you end up losing so much. Say for $10k, I think 30-35% is pretty juicy, cause it's still $3k+ which is nice. For a $50k bet I have no idea what the cut would have to be and hopefully I never find out.
I back players here in the UK. I pay the entry fees and direct costs (hotels usually) in return for 50% of the winnings for a professional. This is increased to 60-70% in my favour for an amateur (usually upcoming younger players - though got none on at the moment).
In a large entry feel tournament, it is usually just the entry fee.
In a money match, it depends on the player but I will usually give up 10-20% but I will only do this if I can't the action direct with someone.
I sometimes source sponsors for players and events. I charge 20% for this service, which is an industry standard rate here in the UK.
In a large entry feel tournament, it is usually just the entry fee.
In a money match, it depends on the player but I will usually give up 10-20% but I will only do this if I can't the action direct with someone.
I sometimes source sponsors for players and events. I charge 20% for this service, which is an industry standard rate here in the UK.
I think the standard is 30% if the match is a coin flip. If your horse is stealing it increases to 40, usually 50 and maybe even 60. It depends on the match.
Also, if you have a proven horse that makes money, the % should be upped from 30 to possibly 50 in coin flip matches. IMO.
Also, if you have a proven horse that makes money, the % should be upped from 30 to possibly 50 in coin flip matches. IMO.
Staking deals are very negotiable.
When I put a player in a tournament, it's 50/50, with expenses off the top.
I'm not a pro stake horse, so in action I do the same as tournaments.
For big money, I've seen a lot of 10 percent to the player....
...and as little as 2.5.
When I put a player in a tournament, it's 50/50, with expenses off the top.
I'm not a pro stake horse, so in action I do the same as tournaments.
For big money, I've seen a lot of 10 percent to the player....
...and as little as 2.5.
It is always relative to the amount bet and the effort required.
Tournaments 50% after all expenses. If player is not a favorite in event, maybe less down to 30%.
Gambling less than $200 is 50% after table time. More often I just try to bet as a partner with the player and more on the side to get better odds. This is generally with friends only.
Gambling for more depends on the match. You CANNOT afford to consistently stake players for 10% of your bankroll and give 50% unless you are 2:1 favorite. Most often I say 1/3 after expenses but it can go down if the money goes way up.
Tournaments 50% after all expenses. If player is not a favorite in event, maybe less down to 30%.
Gambling less than $200 is 50% after table time. More often I just try to bet as a partner with the player and more on the side to get better odds. This is generally with friends only.
Gambling for more depends on the match. You CANNOT afford to consistently stake players for 10% of your bankroll and give 50% unless you are 2:1 favorite. Most often I say 1/3 after expenses but it can go down if the money goes way up.
I agree with Jam. If you believe in the guy you are staking, you're betting on a sure thing. 50/50 is a fair deal, after all, somebody has to shoot the balls in.
When the shooter's cut is only 15% or 20% of the action, somebody is being a thief.
"Hey, I'll give you 40% to dump this match, now go back in there and dog it in style."
Don't tell me it doesn't happen.
When the shooter's cut is only 15% or 20% of the action, somebody is being a thief.
"Hey, I'll give you 40% to dump this match, now go back in there and dog it in style."
Don't tell me it doesn't happen.
Not as bad as 50/50 then you bet $3000 and get $1500. The opponent just has to win 1 in 3 to stay even and that's if the game is on the square. Most will be trying to win and not dump but they will make any kind of game knowing they're giving up the nuts just so they can play. Besides it doesn't cost them anything but time and they would rather be playing than pretty much anything else.
I've been doing it this way for a million years. My expenses come off the top and we split the rest 50-50. I've also done deals where the player is responsible for his own travel and daily expenses and I take care of the entry fee and room. In this case we split all winnings 50-50 with nothing off the top.