Fair Price for Calling Someone in for a Play?

[stopgambling]

Usually if you are called to a good/great game, and 1 or 2k per hr would qualify as pretty dam good. Rate is 25-30% of the win, none of the loss. If it is a very short play, one day or less, 15-20%.


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Really ? doesn't make sense to me at all.

[stopgambling]

simple example is 10 sessions played , you won 8 sessions totaling 50k , so the founder gets 15k? then you lost 2 sessions totaling 25k ,therefore barely made 10k while the finder made 15k. Very interesting proposition for the finder.

[NotEnoughHeat]

I second RS's suggestion that it really depends on the variance. I have an insanely low variance play that I have no issue giving out 30% of the profit or a flat 20% of the EV. If it's high variance, I would be more inclined to offer a freeroll (i.e. % cut of what you actually make). Since if you offer a large flat rate as a percentage of the EV and variance hits you, you're down and out money. If you are inclined to give a flat amount, I'd also consider just giving the finder some flat amount in dollars instead of as a percent of the EV.

Again, two consenting adults. You two can figure out what you both feel is fair.

[pilotzone]

Stop gambling doesn't work that way, when the play is completely over, is when the free roller gets his %. It would be crazy to do it day by day, the free roller would get all, or most of the win if I did it that way. Up 30,000/ down 20,000/down 10,000- he would get nothing, other way he would get 25/30 points of 30,000=7500/9000.
Born at night, but not last night!


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[NotEnoughHeat]

Another point the CanadaKevinB brought up. If you're doing a free roll, you should use the results of the whole period you're doing it. Or else you run into that issue. Same reason why poker staking usually uses 'make up'

[pilotzone]

There

[Solo player]

There is another issue, poker staking. I can tell you from experience, run don't walk from poker staking. Let me give you a few examples- most think that a 50/50 split is what they deserve. Most are broke, and that's why they want you to stake them, most are broke for a reason, bad players, bad habits, bad decisions. So, let's say you stake them 50/50, then they lose 10 or 20 thousand, guess what. Now they don't want to play for you any more, so they leave you down let's say 20k, and look for another sucker, I mean banker. Other things you have also have to worry about if he goes on a long break even stretch, he will need money to pay bills, guess who he wants to advance him money, lol, UUUUUU! You also have to worry about him dumping off money in the poker game to a friend, who will chop up your money in the parking lot. Banking a poker player is like lending a cancer patient money for their treatment, GOODLUCK!!!!!


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Great post! This was the point I was trying to make earlier in the thread. If someone has the skill set to pick out an advantage play of any kind. Yet does not have a bank to make the play. And then has the balls to call you up and want a payout, or a percentage of the gains, or whatever. Then you gotta ask yourself... What is this loser doing roaming around casinos in the first place? Maybe he should spend his time looking for a real job.

[RS]

Great post! This was the point I was trying to make earlier in the thread. If someone has the skill set to pick out an advantage play of any kind. Yet does not have a bank to make the play. And then has the balls to call you up and want a payout, or a percentage of the gains, or whatever. Then you gotta ask yourself... What is this loser doing roaming around casinos in the first place? Maybe he should spend his time looking for a real job.

Perhaps.

On the other side, a few times I've found a great play with high EV per hour, and something you could do for many hours on end. The negative side, of course, is there is huge variance with the play. I don't particularly feel like wanting to play something worth $1.5k/hour if I can swing $100K+ in a day or two of play. Someone else with a bankroll much larger than mine and more willing to take risk, might be fine with paying me $200/hour to play the game (hourly wage) and he gets to book all the action.

Sometimes, the person who found the play simply can't make the play worthwhile. Perhaps I live in Las Vegas (oh, I do!) and I found something in Pennsylvania that's really good, if you're already in the area. Unfortunately, it might cost a couple thousand to fly out there, rent a car & get a hotel room for a week. If the opportunity is worth $10k but it'll take $2k in expenses and I'll lose $3k in EV in LV, I'd be going out there for +$5k in net EV. However, if I know someone that lives out there and he has 4 other people on his team or that work for him, he can generate $50k in EV (minus small expenses, like driving to/from casino). At this point, it's a no brainer -- sell the play to the other guy and get 20% of the EV....or make a deal with him, where you each invest 50% on the play, but he and his crew do all the work, but you supply the information. Bingo -- you get $5k in EV instead of $3k, and have no risk of losing money to TSA or w/e, don't have to travel (which can be a pain), etc. etc...


Similarly, sometimes there are two plays that are going on simultaneously....and you can't be in two places at the same time.

[pilotzone]

That's right, so you know who to call, ghostbusters, or me if you want a free roll!


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