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What do you think of this backing plan from Pocarr?

BadAstronaut

Small Stakes Grinder

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March 21, 2016 - 12:52 pm

As a subscriber of Sharkscope I just got this mail (and I suppose many of you did too) linking to …..g-backing/

Are backing plans normally 50/50 in this way? I’d love to hear TPE members/coaches thoughts on:

With stake money, Pocarr backees may only play games that have been previously agreed upon by both player and Pocarr. These will be determined before any initial funds are sent.
Player will be staked at 50/50 with make up. This means that at the end of each month, all profit is split. The player keeps 50% and Pocarr.com receives 50%. In the event you have a losing month, you must make up this loss in future months before you may personally profit. This is called “make up”. Losses continue to rollover each month.

greave doggy

Lighting Money On Fire

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March 28, 2016 - 5:11 am

I’ve never had backing personally before, but it looks pretty typical in comparison to offers I’ve seen around. If you’re looking at doing it make sure you look into what is on offer in terms of coaching and group mentoring/hand review sessions, and what sort of a coaching roster they have, and compare it to other stables around. A backing stable that takes a vested interest in your success is obviously going to be much better than one that doesn’t.

Foucault

TPE Pro

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March 28, 2016 - 11:52 am

I’d be very suspicious of any staking operation advertising by email like that, but this one actually seems reasonable, from their website. I’d like to get clear on what exactly happens if they exercise their option to “cancel the agreement at any time” – I’d want to be sure they weren’t going to claim you still had to pay them makeup or anything like that. And also what are the terms under which YOU can cancel the agreement?

Sen

Sunday Major

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May 11, 2016 - 6:49 pm

Whenever I see a player with a POCARR avatar I am happy to have a nice aggro donk at my table. Just throwing that out there. ; )

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