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Stop loss issue, vote.

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DaEm0niCuS   United States. Feb 21 2015 05:28. Posts 3292

You are splitting profits two ways, you have a 5k stop loss, you lose 11k.


Poll: Result of going over stop loss
(Vote): Pay everything over stop loss
(Vote): Split everything over stop loss


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 Last edit: 21/02/2015 05:29

PoorUser    United States. Feb 21 2015 05:46. Posts 7471

pay everything over stoploss no question

Gambler Emeritus 

traxamillion   United States. Feb 21 2015 06:20. Posts 10468

I'd say on the hook for anything over 5k unless there were extenuating circumstances. Such as running bad in an unusually good game with a drunk spewing fish or something and you tried to call backer but couldn't get a hold of him and you know he would want you to/be ok with you playing on because the value is so good. I think this one depends on how much trust you have with your backer and are you guys friends.

If the guy was tilted just running up extra losses obv he should pay


traxamillion   United States. Feb 21 2015 06:23. Posts 10468

Also I think the relative stakes matter. If you usually play 5/10 with a 5k stop loss but chase a whale to 25/50 and lose one buyin; if your backer is averse to the risk and would be ok with it but again you just can't get a hold of him I think it would be ok.


FrinkX   United States. Feb 21 2015 07:21. Posts 7561

^ if its ur normal stakes then pay back. u broke the agreement, he was only in for the amount u agreed for that sesh

bitch on a pension suck my dong 

traxamillion   United States. Feb 21 2015 07:51. Posts 10468

And despite everything I am saying ultimately it would be up to the backer. Technically no matter what you broke the terms of your staking agreement and he can if he wants hold you liable.


AndrewSong    United States. Feb 21 2015 08:54. Posts 2355


  On February 21 2015 04:46 PoorUser wrote:
pay everything over stoploss no question


MadeInPolanD   Poland. Feb 21 2015 13:23. Posts 1383

I agree with paying back, but remember all what this means, if after losing 5k he would won money, the money should be only his, not the backer - as we suggest here that after losing 5k he played with his own money.

Make it rain$$$ 

DaEm0niCuS   United States. Feb 21 2015 14:06. Posts 3292

^ you back someone because you expect them to win. They should be more likely to win 5k than lose 5k by far, so no.

 Last edit: 21/02/2015 14:29

Baalim   Mexico. Feb 21 2015 14:12. Posts 34246


  On February 21 2015 12:23 MadeInPolanD wrote:
I agree with paying back, but remember all what this means, if after losing 5k he would won money, the money should be only his, not the backer - as we suggest here that after losing 5k he played with his own money.



No, then he would have to prove he was over his stoploss but then he could play with filters to mess up with this, in general just brings up huge problems.

You are being backed with a stoploss, if you dont want to stop after 5k then dont take the freaking stake

Ex-PokerStars Team Pro Online 

JohnnyBologna   United States. Feb 21 2015 14:46. Posts 1401

just out of curiosity, what was the argument for splitting the losses? lols. why even have a stop loss in the first place then. your getting played.

Just do whats right 

DaEm0niCuS   United States. Feb 21 2015 14:53. Posts 3292

Exactly. The guy was arguing that a stop loss is just a guideline or whatever... and its still a 50/50 split because he is sharing equity. And that the terms of the stop loss were not defined.... Imo they are self-defined, a stop loss has only one purpose, to save those who created it money.


FrinkX   United States. Feb 21 2015 15:06. Posts 7561

sounds like u should not stop til u get ur $ then end ur deal with him

bitch on a pension suck my dong 

MARSHALL28   United States. Feb 21 2015 16:46. Posts 1897


  On February 21 2015 07:54 AndrewSong wrote:
Show nested quote +




and probly get rid of this dude who would go over the stop loss or ever even consider arguing otherwise


devon06atX   Canada. Feb 21 2015 17:26. Posts 5458

I highly doubt I was the only one who thought of Neilly when reading this


NMcNasty    United States. Feb 21 2015 17:38. Posts 2039

Maybe I'm being too much of a contrarian but I voted split. I absolutely agree with and understand with all the reasoning for having a binding stop loss, where a player is on the hook themselves for whatever they lose after a certain amount, but what it comes down to is that "stop-loss" wasn't clearly defined that way before the agreement. Normally when you stake someone the stop-loss is simply the amount you're staking them so the issue never comes up. When you set one for yourself, obviously it is just a general guideline. As far as I can tell, a stop loss isn't actually a thing in staking agreements, so IMO it should be on the backer to clearly define the terms.


TalentedTom    Canada. Feb 21 2015 18:04. Posts 20070

I insta voted for pay. But if penalties are not explicitly written about what happens when someone goes over the quota, then we are in a grey area here. If you invest money in someone who has poor self control and they happen to lose control and lose your money, whose fault is it? The honorable thing to do is to pay back, but there is no obligation to do so, especially given that the original agreement was so broad.

Also with regards to stop loss, what if he just ran like shit vs a huge whale while taking a stab at a higher level versus just tilting in a table full of regs, does it make a difference?

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light not our darkness that most frightens us and as we let our own lights shine we unconsciously give other people permision to do the same 

MadeInPolanD   Poland. Feb 21 2015 18:41. Posts 1383

LoL at suggesting that when you mess up someone elses should pay for your mistakes.

Stop loss is clear at 5,000$. You didn't like it - you should negotiate some additional rules, otherwise its clear who broke the rules.

Make it rain$$$Last edit: 21/02/2015 18:41

TimDawg    United States. Feb 21 2015 20:33. Posts 10197


  On February 21 2015 14:06 FrinkX wrote:
sounds like u should not stop til u get ur $ then end ur deal with him

online bob is actually a pretty smart person, not at all like the creepy fucker that sits in the sofa telling me he does nasty shit to me when im asleep - pinball 

Ryan Neilly   United States. Feb 22 2015 01:34. Posts 1631

honestly the ppl i work with we split if that happens but if im working with someone thats only in it for the business and not someone im friends with then it gets paid back in full. (talkin bout live shots here i dont normally play higher than 2/5/5 live) instahit pay everything as well.

 Last edit: 22/02/2015 01:39

 
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