Fairness of Appreciation Fee

I charged a friend 10% when referring him good games. He showed me a skill spotting an exposed card on a trip several years ago. I came across the simlar card exposing game recently and made money. He learned and asked for the referral fee. I offered him 5% net which he considered low. I thought these were two different things. Were I wrong?

A good way to lose a "friend". You must have meant an "acquaintance". You know that old quote from Hamlet, "Neither a borrower nor a lender be, for loan oft loses both itself and friend".

The same goes for charging friends for favors. Many friends are lost over money matters. Business isn't always business between true friends, and true friends are few and far between. I am sure many will disagree with me.

Cobbson

Advantage play is a business:
1. I tipped my friend a game requiring special skill which I couldn't do and he could. I asked for 10% referral fee on gross. He won $27k in 9 days and gave me $27K... could buy many meald...
2. I tipped another friend playing a game I was barred. I didn't ask for referral fee. He won $650,000 in 6 weeks, gave me $65K.
3. I now locate a loophole learned from my "friend" earlier who paid I $27K. The loophole may generate about $1 M in one year for me... how much is a fair fee?

The percentage -- or any percentage -- should come out of the advantage gained from your advice, e.g. referral to a good game. How do you calculate that?

You should not pay your "friend" anything for games you found on your own.

I can't speak to the value of charging your friend 10% for tips to good plays. It might or might not be worth it depending on how good the games actually are. If you think it's worth 10% and your friend paid you 10%, then it must be worth 10%. Others might have a different view. The only time I've ever paid 10% of the result to anyone was for a tip to a 2:1 blackjack promo where my expectation was about $1,000 per hour and with a team of 3 players there was almost no way we could lose. Regardless the 10% should not be paid until the play is completely finished for the entire lifetime of the play or the 10% should be capped at an appropriate maximum.

You should feel obligated to pay nothing. You found the new loophole. If you wind up winning $1,000,000 then if you want to slide your friend some money on the side as a "thank you" feel free, but do it because you want to not because you have to.

and Why did he gave you all of his winnings in scenario #1?

These must be pretty strong tactics/loopholes/whatever to seemingly guarantee large wins.

One or more of the following is true::

1. The poster is using the term "friend" to denote someone he knows but is not close to.

2. Theposter is psychopathically attached to money.

3. English is not the poster's primary language.

4. The text of the post is tainted with profound hyperbole.

this post was posted:
1. By an unknown poster.
2. Too good to be true.
3. Not involvin creditable persons such as members of BJHM.
4. No, I won't disclose where. Nice try.

for both sides...
1. In #1, a card was exposed and could be steer to right position for profit. My friend could steer the card correctly, I couldn't. He amde 270K, I shared 10%... were he not coimg to play, we both got nothing.
2. The good game offered 0.35% extra in rebate on actions... the player might not play at all without the extra 0.35%.. so without my referral and without his agreeing inplaying teh agme, we both got nothing. He gave 10% voluntarily.

The person made $270K, gave me $27K. He bet 4 $5K and 2 $300 per hand.