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.
Wish us luck:-)
You could be posting your articles on the Poker Bankroll Blog. Read all about it here.
Similar Posts:
6 Comments to Stake deal
What Mark does not know is that I will combine bankroll building with the skills/principals of Loco poker…
http://www.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
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.
April 3, 2009
Maddy, stop waisting time writing comments on blogs and start playing poker instead.
I want to get rich soon:-)
Mark’s last blog post..Calculating Bankroll Requirements
May 21, 2009
Status on the stake deal so far: about -100$ I think.
Maddy hasn’t had time to play that much at all. Hope this changes in the future.
Mark
Mark’s last blog post..Personality Deficient
May 29, 2009
I don’t really understand why you give him 1000$ and make him stop playing if he goes below 500$ – Why not just give him 500$?
Jake’s last blog post..Party Poker Idleminer (Handgrabber)
May 29, 2009
Hi Jake
Well giving him 500$ would just mean he would start on a lower blind level.
The 500$ limit is to incorporate some kind of stop loss into the project.
Mark’s last blog post..24 WSOP Bracelet Events to be Streamed Online
Leave a comment
Special promotions
Latest Poker Strategy Articles
-
What are the payment methods with the smallest fees
-
Becoming a winner at online slots: Dos and Don’ts
-
4 Reasons to Use Apps for Bankroll Management
-
Biggest Poker Wins Of All Time
-
4 Best Tips on Choosing the Best Non-Gamstop Casino
-
Best Ways To Get Better At Online Poker
-
The History of Poker
-
Amazing Ways of Maintaining a Poker Face
-
Benefits of Playing Online Poker
-
Tips for better Texas Hold’em Play
-
TV Shows and Online Casinos – What’s the Connection?
-
How did Eelis Pärssinen build his poker bankroll?
-
5 Interesting Facts About Online Poker
-
Poker Players Should Not Gamble at The Felt – Get That Release Elsewhere
-
Why You Should Join a Poker Loyalty Scheme
-
A Novice Go-Getter’s Guide to Selecting the Best Online Gambling Website
-
Reviewing the Latest Online Slot, Hellcatraz
-
What Is the Legal Gambling Age in Different Countries
-
Best Things to Buy with 5 Pounds
-
The Beauty of Poker Games
-
Top Finnish Pro Poker Players
-
Slots versus Video Poker: What is the difference?
-
Poker Bankroll Guide – How to Boost and Keep Your Bankroll
-
Biggest Online Slot Trends Of 2020
-
Discover how poker redesigns your brain to improve it
-
How To Win On Online Casinos With Free Spins
-
Beating the House – Is it Possible to Win at Online Casinos?
-
What to Look for in an Online Casino
-
Developing a winning poker strategy
-
Top 4 Simple Ways to Choose a Trustworthy New Online Casino
April 2, 2009