Backing deals
Posted by Riverbanged
Posted by Riverbanged posted in Gen. Poker
Backing deals
I am considering applying for backing to play MTTs. The standard deals with the major stables are a 50:50 split of profit with makeup. If I signed a contract to play 12 months and had made $X profit in the first 10 months for example then I would receive $X/2. Then If I lost $Y in the last two months of my contract and was in $Y of makeup when my contract expired/stake ended would I be indebt $Y to the backers or would the makeup be written off? Does makeup expire after a backing contract for an allotted period of time ends?
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