Does anyone else think that staking with make up reads just like money lending. Replace make up with the word "debt" and it"s like something from the mob underworld.
You don"t owe me anymore, I sold your debt to one toothed Tony, and he won"t be so understanding 
don"t agree with this.
I"ll do an example...(again names made up to protect the innocent)
e.g.1 Leigh is a solid internet player who makes enough to play any £1K live event going. He does run poo in those though and has failed to cash in the last 23. At the 24th attempt he makes a final and finishes 4th for 25K, making him a 1K winner overall. GG sir
e.g.2 Phil TC is a live pro who is nearly broke. He is lucky to get a long term staking arrangement (40/60 in backers favour with make-up) where he can play as many live £1K events that are going. He fails to cash in his first 23, meaning he is now 23K in make-up. However, it is 24th time lucky as he manages to make a final and finishes 4th for 25K. He pays back the 24K that is owed and splits the 1K profit. He gets £400 for investing his time and skill and the backer who has invested 24K, walks off with £600.
The point of this is, that make-up arrangements mean that the profits are exactly the same as if you play on your own dime, with the exception that as a horse you don"t keep all your profit.
Of course there is a point where the backer may have had enough of a horses poor form. In this case the arrangement finishes with the backer taking a big hit and the horse is "debt" free.
So nothing like a debt IMO. Just a fair arrangement for both backer and horse. Just make sure you have a good relationship with the backer. These sort of staking deals can be the most stressful and are the ones that tend to lead to the big fallouts that we read about all the time.
