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#1
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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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#2
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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. |
#3
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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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#4
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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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