I learned this the hard way and got screwed by a seasoned member on this site
If you loan points or poker money to another, make sure you have the terms layed out up front
and put it in writing in market and use Escrow.
If you do that you should be fine
Results 1 to 10 of 17
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05-20-2013, 02:53 AM #1
Never stake or loan another member without putting it in writing first
When I set out to get rich;
I failed miserably.
When I set out to help people;
They made me rich!
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05-20-2013, 02:55 AM #2
- Join Date
- Apr 2013
- Posts
- 453
how do u use escrow in a loan though?
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05-20-2013, 02:57 AM #3
or maybe learn about staking and being staked and the terms of staking...
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05-20-2013, 04:15 AM #4
- Join Date
- Apr 2013
- Posts
- 187
i never ever ask for a loan cause its not high class, so dont ever ask me for one.
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05-20-2013, 05:02 AM #5
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05-20-2013, 05:57 AM #6
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05-20-2013, 06:30 AM #7
lol
Last edited by mathkid; 05-20-2013 at 07:33 AM.
When I set out to get rich;
I failed miserably.
When I set out to help people;
They made me rich!
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05-20-2013, 06:32 AM #8
k point 1 dont loan outside of shark whether u put it in writing or not :|
when it comes to staking know what ure doing...if the terms of the stake are clear and BOTH parties know what they are doing nothing can go majorly wrong its a risk and some risks dont pay off17:51 <PooffyFooffy> not everyone screws up things the way I can20:27 <PooffyFooffy> I could use all the help I can get, lol<PooffyFooffy>lol I have my share of duh moments, regularly, lol
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05-20-2013, 07:20 AM #9
@azreal1 this is good advice. In my case I was promised my stake amount back to me if he stakee did not cash. I was also promised that the stakee would play a bunch of small tourneys and send me screen shots of all.
Neither of these were provided to me and I had to track the stakee down and inquire and was sent 1 screen shot.
Bottom line is I am out 300 Seals chips (200) of what we agreed would be paid back to me and that comes to $ 121.39 x .2 = $24.28 usd in real time that I am out for trying to do one of po's members a favor. He hit me in bubble chat out of the blue asking if I would stake and I did not know him from Leroy!
Just saying watch out or consult with others on the proper way to do a stake if you are new.When I set out to get rich;
I failed miserably.
When I set out to help people;
They made me rich!
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05-20-2013, 07:47 AM #10
- Join Date
- Dec 2012
- Posts
- 133
wow its really a shame what some people will stoop too... what people will do just to stay in action over a few bucks. grind freerolls like the rest of us