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joeker · August 17th, 2007, 03:40 AM

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neil · August 17th, 2007, 04:06 AM

Nine: What does "cake offered" mean?

bnorris85 · August 17th, 2007, 05:04 AM

Quote:

Originally Posted by neil

Nine: What does "cake offered" mean?

Im assuming you saw someone post this while applying for a stake. What it means is that if that player loses, then he offers make up, or cake on a future stake.

http://forum.neverbeg.com/showthread.php?t=104032

nineball090 · August 17th, 2007, 05:34 AM

does that answer...if not ill post this.....say u buy $20 shares in a bap....and the bap has offered cake......and you were returned $17 of your shares.....if this same player starts a new bap and you get in....u buy $20 or so in shares again......and now u get $50 back....the player will send you your $50 plus the $3 cake u had.......for $53...make any sense??

also as stated by crow below if the total amount of cake owed to players in a bap...then yes it is given in %'s...say player only profits $50 in 2nd bap but owes investers more than $50 in cask...the cake will be given by the % stated in the profit shares in bap i beleive.....think i said that right...if not crow will correct me

Crow1974 · August 17th, 2007, 06:16 AM

Yes. It's makeup of previous losses on future reinvestments, usually paid on a % based on what you reinvest out of the horse (the player that owes you cake) PERSONAL profits. So if I owe you $100 in cake. You reinvest in my 10% of my action I win 1000 you get 100 stake back, 100 profit, and 100 "cake" out of my profits from the previous loss.

Hope this helps

nineball090 · August 17th, 2007, 06:55 AM

just wanted to let everyone know i have a FULL SHARKSCOPE SUB now....im not going to let everyone abuse it cause i just dont have that kinda time......IF ITS 100% GOING TO GET POSTED IN A BAP.....I WILL DO IT FOR YOU AS SOON AS I CAN.......i will also help some low player/ptplayers who need some stats to know if they qualify for a stake before applying for it.....one of my main goals was to help new players anyway i can to keep EVERY NEW PLAYER WHO WANTS TO PLAY A STAKE THEY DONT QUALIFY FOR TO GET HOP GEAR!!!!....#1 if you dont qualify dont apply.#2 if your not aure u qualify for the stake....maybe post in SO as well as PM to me and ill see if i can help you not get that stupid hop gear....ALSO BEFORE DOING ANYTHING READ ALL THE RULES POSTED ON THE SITE!!!!!!!!!OBV

honestly my best advice is to toss out a few stakes to get to know players.....even its $1....youll get to learn the system...get to meet players/stakers....and most of the time if you stake a player they might even stake back in return...

also i have helped many players that have BAP selling PROBLEMS with using sharkscope and ways to help make baps sell out faster...if i can help here let me know as well

also i want to say this also......i do not work for neverbeg...i myself asked for this position and am gaining nothing by doing it...anything i say here...or from here out...IS JUST MY OPINION OR A RULE AS STATED BY NEVERBEG

(i just dont wanna be resposible for anything that may happen by an opinion on a bap or stake i gave...not a rule LOL)

but i am good at working with players who are interested in BAPS(not selling)(1st BAP)(ideas on set-up)

GL NEW AND OLD NBERS!!!!!

(not by age OBV)

LINK TO A THREAD IN SHOOTING OFF IF ANYONE WANTS TO READ http://forum.neverbeg.com/showthread...05#post1717705

neil · August 17th, 2007, 11:46 AM

Yes, now this makes sense. TY all.

punkrockwnd · August 18th, 2007, 01:34 AM

how do you first start applying for stakes? And also do people stake members of ultimate bet? I am pretty lost on how the whole thing works.

Crow1974 · August 18th, 2007, 01:36 AM

You go to Make a Deal (PokerStars or Bugsy's Club) and click on threads, read to see if any qualifications are in place to make you ineligible. (ask if you are unsure) and go like that. Read the FAQ's too.

SingedKitty · August 18th, 2007, 04:43 PM

Hey guys, check with Loonbat on your explanation of cake. That's how I thought it worked too but there was this whole "how does cake really work" war and I'm pretty sure it didn't end up this way.

The calculations were way over my head but the result was about half the cake payback came from the staker's profits and half from the horse's.

nineball090 · August 19th, 2007, 07:24 AM

Quote:

Originally Posted by SingedKitty

Hey guys, check with Loonbat on your explanation of cake. That's how I thought it worked too but there was this whole "how does cake really work" war and I'm pretty sure it didn't end up this way.

The calculations were way over my head but the result was about half the cake payback came from the staker's profits and half from the horse's.

interesting point kitty.....im gonna make sure that i do read into that 100%....seems players/stakers all have different names for this "cake"....i personally only offer cake on a single stake that i played....and i payed 100% of my previous losses out of my profits from the next stake..i guess the point im gonna look into because im not 100% sure of...is there a set ground rule for "cake" or is this established by the player/staker....ty for the reply....looks like i have things i need a consultant for LOL

Metsfan512 · August 19th, 2007, 08:35 AM

:boner:

SingedKitty · August 19th, 2007, 11:38 AM

Quote:

Originally Posted by nineball090

interesting point kitty.....im gonna make sure that i do read into that 100%....seems players/stakers all have different names for this "cake"....i personally only offer cake on a single stake that i played....and i payed 100% of my previous losses out of my profits from the next stake..i guess the point im gonna look into because im not 100% sure of...is there a set ground rule for "cake" or is this established by the player/staker....ty for the reply....looks like i have things i need a consultant for LOL

I think you're right about how it works for individual stakes like you did. Loon's the expert on BAP cake and he did this sticky to explain it: http://forum.neverbeg.com/showthread.php?t=104032. The post is clear as mud to me but Loon should be able to explain it.

Crow1974 · August 19th, 2007, 09:44 PM

That negates the whole reason for it. Cake comes out of the horses PERSONAL profits. It is based on the % reinvested.

Quote:

Originally Posted by SingedKitty

Hey guys, check with Loonbat on your explanation of cake. That's how I thought it worked too but there was this whole "how does cake really work" war and I'm pretty sure it didn't end up this way.

The calculations were way over my head but the result was about half the cake payback came from the staker's profits and half from the horse's.

SingedKitty · August 19th, 2007, 10:41 PM

Quote:

Originally Posted by Crow1974

That negates the whole reason for it. Cake comes out of the horses PERSONAL profits. It is based on the % reinvested.

I couldn't agree more and argued the point vehemently especially with Sully. But I'm pretty sure when the "standard" for cake was posted, it didn't net out this way. Nothing ever says half of it comes out of the staker's profits but the end result is the same.

Look I could be completely wrong... All I'm saying is check with Loon since he wrote it up.

AmazingSully · August 20th, 2007, 06:17 PM

cake is dealt with as stakeback, the explanations in this thread are actually incorrect. As signed mentioned we have argued at length (along with other members) on how cake actually works. Let's say someone has $10 in cake and stakes someone $20. When doing your calculations, treat it as though it was a $30 stake, not a $20 stake. Also, the reason most people think the correct way to do cake is incorrect is because it tends to end up a difference of 50% of the cake when totally what the staker receives, but this is only because of the 50/50 deals that take place and is completely coincidental. Probably best for the lot of you to talk to loon about a more accurate description, but the one in this thread is incorrect.

SingedKitty · August 21st, 2007, 04:46 AM

Welcome back Sully

AmazingSully · August 21st, 2007, 10:22 PM

i'm not back, my internet is trashed, i can only come on during work and even then i'm really busy, the phones never stop.

Crow1974 · August 21st, 2007, 10:28 PM

Quote:

Originally Posted by AmazingSully

cake is dealt with as stakeback, the explanations in this thread are actually incorrect. As signed mentioned we have argued at length (along with other members) on how cake actually works. Let's say someone has $10 in cake and stakes someone $20. When doing your calculations, treat it as though it was a $30 stake, not a $20 stake. Also, the reason most people think the correct way to do cake is incorrect is because it tends to end up a difference of 50% of the cake when totally what the staker receives, but this is only because of the 50/50 deals that take place and is completely coincidental. Probably best for the lot of you to talk to loon about a more accurate description, but the one in this thread is incorrect.

Cake comes out of the horses personal profits.

Aje221 · August 22nd, 2007, 12:00 AM

I am just curious how new members to the site go about getting staked. It seems like most people dont want people without player points or whatever it is. I am just curious.