hey guys...
just wanted to throw a quick post up here before this forum gets filled with NL2 staking requests...
If you are going to stake someone - BE CAREFUL!
there's really no simpler way of putting it than that. you are giving someone YOUR MONEY for them to play with. Yes, if they run with your money or break the agreed terms of your contract you can consider legal action, but suing someone who is already busto and has just lost your money as well seems kinda pointless.
I have conducted stakes with live players before for both MTT's and Ring Games, here are a few things i would always do for a stake.
I would want complete contact details for the person I was staking. This includes name, address, home phone, mobile phone, what hours they are normally at home, what they do for work, what hours they are usually at work, skype, email, msn, AIM, i would possibly even ask them for a tax file number.
I would also want to know every online account the person has with every site, and would verify this as well (easily done, just tell them to sit at a table and talk to you from there). If the stakee is claiming to have $x already in their account, you can ask them to verify this as well by sitting on a limit table with their whole roll (and sitting out obv.) - side note, it isn't a bad idea for a stakee to ask a staker to do this as well, to make sure the staker has sufficient funds for the stake.
I would verify all of those details. This would include talking to them on skype, having them respond to an email sent to their address, possibly even asking for a scan of a drivers licence or other ID. again, this is all done to protect yourself against the person hit and running you. If the stakee is nervous about providing actual real info about themselves, ASK YOURSELF WHY THIS IS THE CASE.
Work out a contract outlining exactly your responsibilities and theirs. For example, what sites do they have to play on, what stakes, how many hands/tournaments/sngs per day/week/month etc. You need to work out exactly how much the stake is for, how much of that stake is given to them at any one time (lets say it's a $100 stake to play NL2, but they only get given $50 to start, the other $50 is available if needed).
You need to also decide what limits the stakee has to play, if they are allowed to play other games outside of these limits during the stake, if/when they are allowed to take shots at higher games etc. BE VERY CAREFUL if you stake someone and they start playing games above the limit you have set for them (i would see this as grounds for ending the stake)
you need to clearly set if there will be markup, and also how long the stake will run for (this can be a period of time or a set number of hands/tournaments). you should specify exactly what the profit split would be AND if this will include rakeback/FPP (for example, if i was staking a 0.5/1 LHE player, the RB would make a significant portion of his win rate)
at the end of the day, if you feel weird/bad about the deal IN ANY WAY, my advice would be to just walk away. there are heaps of players out there who enjoy playing under a staking deal, alot of them are even winning players. but, obviously there are going to be loads of losing players/degen gamblers who are just trying to steal your money, so be careful 
:P
