Lostaccount not paying his stake - Page 5

Thanks Daut, sorry about the messy thread guys. If you need anymore revelant info just ask for it.

All direct quote from our discord history: (jfound is lostaccount)

jfound88811/09/2020
Let hash out details
50/50 including rakeback
U get 25% rakeback

jfound88811/13/2020
U won’t lose n I will always stake u
So just win
50/50 even for bbj
It’s 5050 everything

jfound88811/13/2020
Every Monday
We get paid every month
Every Monday
Not month

jfound88811/13/2020
Cash out every Monday

That’s the first deal before we change it when u got banned, and I never said u get paid fully every monday. As a backer of course I’m going to withhold some in case u lose week 2

^ ok so post the god damn second deal then lol

If a second deal was started, the first is closed and then you start new. Again you owe.

^ LOLLLLL

jlost meltdown incoming

Na I’m a very calm person if I owe I pay

If daut says I owe then that’s fair. I just won’t stake anymore . Lesson learnt. It’s a headache staking

Just use me as one arbitrator. Ask a few other people who play in games like this etc, don't take my word as gospel. Just giving you my perspective as someone who has done a lot of staking

Yea cause it’s pretty stupid to pay full everyweek but I learnt my lesson. I’m done staking cause more headache then I need. It was a rush deal we never lay out exact terms but whatever. Paying 230 to get piece of mind again is whatever

Good, thanks.
I think we will both have learned lessons here. You sent me previously 230$c out of the 490$c, So it's 260$c. You can contact me through LP or whatever you want, or send etransfer with same question/answer as the previous transfer.

Yeah I txt u, u get my messages if u did message back

100%, splitting every week is not a great idea cause if you win early and split and then lose after, horse ends up receiving the profits. But that's how this deal was structured. Just gotta roll with it. Or have the terms worked out -- if youre down ill get you in another game and you continue playing, etc. Poker has variance, and these games are often soft but theyre heavily raked and it doesnt take much under EV to be a 8bb/100 winner that loses in 5k hands.

And I understand the private game landscape is frustrating with getting banned as a winner, but still, need clear terms worked out in every spot to avoid any confusion. Worrying about edge cases can be maddening at times, but things like this happen more often than you'd think.

On November 25 2020 18:46 lostaccount wrote: Show nested quote + On November 25 2020 18:41 Oddeye wrote:   On November 25 2020 18:31 lostaccount wrote: And if u lose u give me 230$, I ain’t getting free roll. If I lose I give u 230$ Am I really reading this? I am asking for arbitration because I believe strongly you owe me money due to the term of our stakes. There is no part of this that involve me giving you money, even by the numbers you posted here you still owe me some money. I’m not going into arbitration if u only benefit, if u are so sure I owe U money then put some money on the line so u Aren’t freerolling and wasting my time

Wtf this isn't how arbitration works. It's to settle what the proper and fair result is. Is there a situation in this backing arrangement where he could have owed you $230? If not then that's not even part of the discussion.

It's like saying someone didn't pay for a TV upfront and you're arbitrating whether the TV's worth is $500 or $800 and the guy says "HEY IF YOU CANT PROVE ITS WORTH $800 THEN YOU NEED TO PAY ME $500 IM NOT GETTING FREEROLLED"


Glad to see everything is getting worked out though. Thanks Daut and props to both parties.

I gave the terms too generous, I totally forgot how staking works again. I obvious thought it standard to with held for week 2 is standard in case he loses. I just think that was standard. Pay half n hold half in case he loses week 2 but that is wasn’t mention but was my thought process. I never said I pay him fully every week. There was a lot of things left out in the deal since it was my first one in a long time and forgot to mention it. Life lesson make sure everything is hammer out in future deal. Lucky this one was a cheap mistake 260$

balakubak ????????? i used to do alot of blow - ive been clean a LONG time sir. Like Costa Rica $5gram alot. I live clean pure - don't try to discredit me ever, i do things by the book these days and have for a long time.

happy to see this got handled easy.. w2g lp.

Good to see lostaccount changing his mind and not let stubborness and anger get the best of him.

Next time you have to write down very specific rules, you can lose a lot of money and friendships from misunderstanding sometimes without even malice from any part, just natural bias.

Lost, just pay him, you're in the wrong and you always seemed like a reasonable guy. This isn't reasonable. You're saying you won't allow 3 respected OG LP people to rule one way or the other because it would create a "draw or lose" aka freeroll situation for him, right? The problem with that is you withheld $230 from the agreement week 1 (which is your potential win, not a draw), so while yes in terms if direct possession of the money you already have it and can only keep (draw/win) or lose it, but in terms of the agreement you took it early against the terms incase he lost, that's not really how it works is it.

Edit: Ah, you paid up? Good call

I'm impressed by the lack of interest in the deal's details from both sides.

As i understand things. I agree with daut that - IF the agreement was each week you square up. Then that is the how the deal works. And its definitely not a great deal for the backer. Typically its done monthly to allow for more buffer in swings and also less accounting. Sounds like indeed you did rush the details of it. But assuming we are understanding it correctly. Then yes according to this deal. The stakee can win 1k week1, lose 1k week 2, then 1k week 3 and still be up 500 on the stake. You are DROPPING him from the stake while he is effectively in makeup (in my example 2000 in makeup). However you don't get to withhold money in stake situations to buffer for this. The backer is essentially responsible for the livelihood of the Stakee, on a personal level in accordance with the agreed upon deal. Many times in stables I've been apart of in one way or another. The person being backed is putting their livelihood on the line as an employee of the backer. Generating them money while lowering their own risk in times of famine. You cannot expect to withhold payment of the money they might need at that moment to pad their personal living expenses to pay bills in the perhaps weeks or months coming up where they might be in makeup. The responsibility of backers is to take all variance in regards to poker entirely on his/themselves.