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  1. #1
    PokerOwned Master mathkid's Avatar
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    Jan 2013
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    Never stake or loan another member without putting it in writing first

    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
    When I set out to get rich;
    I failed miserably.
    When I set out to help people;
    They made me rich!

  2. #2
    Elite PokerOwned Member
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    Apr 2013
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    how do u use escrow in a loan though?

  3. #3
    PokerOwned Master RavenKitty's Avatar
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    Jan 2012
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    or maybe learn about staking and being staked and the terms of staking...

  4. #4
    Banned
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    Apr 2013
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    187
    i never ever ask for a loan cause its not high class, so dont ever ask me for one.

  5. #5
    PokerOwned God jasonv12's Avatar
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    Jan 2013
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    Quote Originally Posted by RavenKitty View Post
    or maybe learn about staking and being staked and the terms of staking...
    How do players normally stake on here?

  6. #6
    PokerOwned Demi-God tracyrickrobby's Avatar
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    Jan 2013
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    Quote Originally Posted by Dubbs View Post
    i never ever ask for a loan cause its not high class, so dont ever ask me for one.
    too funny!!

  7. #7
    PokerOwned Master mathkid's Avatar
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    Jan 2013
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    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!

  8. #8
    n00b hater azreal1's Avatar
    Join Date
    Oct 2011
    Posts
    2,898
    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 off
    17:51 <PooffyFooffy> not everyone screws up things the way I can
    20:27 <PooffyFooffy> I could use all the help I can get, lol
    <PooffyFooffy>lol I have my share of duh moments, regularly, lol

  9. #9
    PokerOwned Master mathkid's Avatar
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    Jan 2013
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    @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!

  10. #10
    PokerOwned Veteran
    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

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