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Advice on staking someone?

    • TheLandlordUK
      TheLandlordUK
      Bronze
      Joined: 20.05.2013 Posts: 76
      A guy I don't know, but have spoken to online, is probably about to blow the last of his BR. He lives off micros, so we are not talking big money. I would maybe like to help out. And it might be good experience to dip my toes in staking.
      Any advice?
  • 11 replies
    • VorpalF2F
      VorpalF2F
      Super Moderator
      Super Moderator
      Joined: 02.09.2010 Posts: 11,402
      Hi, TheLandlordUK

      If you *only* know this person online, you should definitely make certain that you have some sort of verifiable ID.

      At a minimum you should have confirmation of name and address.
      The usual means are driver's license, utility bill etc.

      You should also have an agreement on reporting frequency, and I would suggest that you transfer the stake in small amounts following the reports.

      Last thought -- if he has blown through a bankroll, is he really the person you want to stake?

      Why not watch the staking forum here? There are a fair number of worthwhile horses appearing there.

      Cheers,
      --VS
    • mineriva
      mineriva
      Bronze
      Joined: 30.04.2008 Posts: 913
      don't.

      that is best advise
    • TheLandlordUK
      TheLandlordUK
      Bronze
      Joined: 20.05.2013 Posts: 76
      Originally posted by VorpalF2F
      Last thought -- if he has blown through a bankroll, is he really the person you want to stake?

      Why not watch the staking forum here? There are a fair number of worthwhile horses appearing there.

      Cheers,
      --VS
      Thanks.
      I can understand his BR blowing in Asia.
      There are lots of acceptable reasons for needing staking.

      I didn't know there was staking section. I will have a look thx.
    • gadget51
      gadget51
      Bronze
      Joined: 23.06.2008 Posts: 5,622
      Hi there TheLandLordUK,

      Just in case you're like me and liable to get lost, here's the link to the staking forum:

      http://www.pokerstrategy.com/forum/board.php?boardid=1554

      Best regards,

      Mal.
    • TheLandlordUK
      TheLandlordUK
      Bronze
      Joined: 20.05.2013 Posts: 76
      Thanks guys.
    • mbml
      mbml
      Black
      Joined: 27.11.2008 Posts: 20,795
      don't stake someone you don't know, there's a really high chance (50%?) that he'll F you.
    • TheLandlordUK
      TheLandlordUK
      Bronze
      Joined: 20.05.2013 Posts: 76
      Originally posted by mbml
      don't stake someone you don't know, there's a really high chance (50%?) that he'll F you.
      Thanks Galvin. I enjoy your threads and learn a lot, but read them on a tablet that I'm not signed with , and can't comment on the excellent advice. I will need to bookmark them on my laptop.
    • B0WSER
      B0WSER
      Bronze
      Joined: 11.03.2013 Posts: 18
      Hi Landlord,

      I think the other guys are right you should meet with this guy before hand and discuss things...If this can't happen then I would suggest you didn't go for it.

      If you are still looking to help someone out and help them improve I'm available ;) we can meet up the weekend and talk business...Just a thought.

      BOWSER
    • Rihard4a
      Rihard4a
      Bronze
      Joined: 08.09.2010 Posts: 2,064
      Stake people that have good reference or feedback history. It might sound very discouraging to some people seeking staking, but that's stone cold business relationships to you.

      I wouldn't stake a person that I haven't heard about or haven't at least had a contact for a long while.
    • TheLandlordUK
      TheLandlordUK
      Bronze
      Joined: 20.05.2013 Posts: 76
      Originally posted by B0WSER
      If you are still looking to help someone out and help them improve I'm available ;) we can meet up the weekend and talk business...Just a thought.

      BOWSER
      I doubt I could help you improve as I'm playing so baad lately! :f_biggrin:
    • RasTweet
      RasTweet
      Bronze
      Joined: 26.12.2009 Posts: 4,553
      Originally posted by VorpalF2F

      Last thought -- if he has blown through a bankroll, is he really the person you want to stake?
      ^^this 100%

      If a personal friend of mine blew his BR and he asked me for a staking I MIGHT consider it. A person I only spoke to online I'd probably never do it.

      I've staked people before that I don't know but that are trustworthy because they are coaches here or very active members with a good record etc…

      You're better of taking the money and buy some beers then staking someone that blew his roll in my opinion.

      Best regards

      RasTweet