Originally Posted by
Anal_Hershiser
What happens if he loses the $5000?
then he goes into makeup,and this is how makeup usually would work - he would have to run another stake, and he would basically be working for free. Any profits he would accrue usually on the next stake would be shipped back to backers to cover what they invested in this stake but after reading OP I have some questions and comments for Jasep because I feel this is a bad deal for him and think backers have a tremendous deal
Makeup- makeup usually works how I described above but you are just going to pay it back out of profits if you took a hit the last week or last 2 weeks etc?
I think this is bad to just pay back losses out of your profits. It is like giving away money that you earned. If you lose late better to go into makeup , raise another stake and then pay back out of your profits on the next stake.
I think paying them anything the stake is down out of your profits is not a good move. You are already paying them a high sum of 60 % profits. So every week someone could get 60 % for the first 11 weeks if u win . Then u get smoked the last week and they get to keep all profits AND you are paying them from your personal winnings?
If you are running it this way then backers are in the driver seat bigtime. They get 60 % then if the stake is down they get paid back profits and if u are still down the initial stake they get makeup too?
Best of luck but I think if you are trying to make money this is -ev situation for you and leaves you virtually 0 margin for any error
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