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How Does A CFP Contract Look Like?

In our CFP program, we use different types of contract sizes. 5k, 10k, 20k, 30k and 60k. 
 
If you would like to read the text of the contract now, you can read it below.
 
The sample contract is for the 5k, 10k or 30k programs. It does not matter whether it is HU-cash, 6-max Holdem, MTT or any other program. Terms are the same unless otherwise mentioned.
 
 
The CFP Contract
 
In the below contract, bestpokercoaching.com is mentioned as BPC.

Sharing of information / Non-Disclosure Agreement

The player will be given information from the BPC team and coaches about the coaching program and business of BPC. Under no circumstance is the player allowed to share details of the cooperation, strategy and any business details with anybody unless given written permission by BPC to do so. When in doubt what can be shared with the public, ask BPC.

 

Security Deposit

Before entering the CFP program, the player will pay a Security Deposit of 500 EUR (unless discounted) to BPC. BPC will return to the player his Security Deposit after the player has successfully finished the CFP program. Before that, this Security Deposit is non-refundable. The reason for this is that our coaches are very expensive (we only work with the best) and we don’t want people to join, win a lot and run away.

 

Profit split

The profit split will be 50% of the full contract amount. In your case, your goal is to win 5k, 10k or 30k. In the case of a 10.000 Eur contract, 5.000 Euro goes to you, 5.000 Euro goes to BPC. After that, you have a world-class education and keep 100% of future profits to yourself! If you earn nothing, we get nothing. Simple and fair.

We have one exception for the Spin&Go and MTT program. If your winnings are still below the contract limit (for example 10.000€), and you hit a big multiplier and win 15000€, then you will pay 50% of that big win even if the total amount will exceed the amount of the contract (for example 10.000€). Why is this fair? Spins have a very high rake and part of that rake goes into financing multipliers. We lose and win together.

 The player also understands that for the duration of the contract, rakeback and all type of bonuses are part of “profits”.

 

 Coaching program and improvements

BPC has the right to change coaches or program structure in the future, to adapt to the needs of the students in the best way possible. We always innovate and introduce new formats.

 

Termination of the contract

The contract is automatically terminated successfully once the player has paid the full amount of the coaching for profits agreement.

Quitting/Termination before the end of the contract:

The student can end the contract at any time. We understand that sometimes life happens. While we believe it is very important to not quit, you should still have that option if it is really needed. The student understands that while the total deal is 50-50, BPC claims a higher % on the first money won, because we take all the risk of giving an expensive education and high-quality coaches to the player. The first lessons learned are of course of the highest value as we share our whole system and approach basically in the first weeks. In comparison, at “normal coaching” you will pay a lot of money without any guarantee that you will win anything. Here are the exact numbers and % in case you decide to quit:

30k contract

   

Player Profit

% of profit

Profit owed to BPC

0-6000

80

4800

6000-12000

60

3600

12000-18000

50

3000

12000-24000

40

2400

24000-30000

20

1200

 

10k contract

   

Player Profit

% of profit

Profit owed to BPC

0 - 2000

80

1600

2000 - 4000

60

1200

4000 - 6000

50

1000

6000 - 8000

40

800

8000 - 10000

20

400

 

5k contract

   

Player Profit

% of profit

Profit owed to BPC

0 - 1000

80

800

1000 - 2000

60

600

2000 - 3000

50

500

3000 - 4000

40

400

4000 - 5000

20

200

 

Example:

Josh joined the 30k program 4 months ago and made 18k in profit so far. But now his wife got pregnant and his boss needs more work hours, so he doesn’t have time for poker anymore, and has to quit the program. How much of the profit share does he pay according to the contract?

4800+3600+3000 = 11.4k. Since he already paid 9k up to that point (50% in BPC share payments), it is only 2.4k extra in order to quit (and keep all future profits for himself in case he decides to play again). He didn’t pay anything out of his pocket, only a share of his profits made inside the program.

BPC receives the right to end the contract at any time at its own discretion. In this case, the player is only required to pay 50% of profits made so far (without the player having to pay any additional %). In addition to that, the player will keep full access to all materials and content (worth thousands of Euro) for a minimum of 1 year. BPC has no incentive to do this because all the time invested into coaching and improving the player would be lost.

BPC receives the right to end the contract at any time at its own discretion. In this case, the player is only required to pay 50% of profits made so far (without the player having to pay any additional %). In addition to that, the player will keep full access to all materials and content (worth thousands of Euro) for a minimum of 1 year. BPC has no incentive to do this because all the time invested into coaching and improving the player would be lost.

BPC Share payments

BPC will request payments monthly, and typically between 25-50% of the player’s overall profits. We have made many exceptions (lower cash outs) for players demonstrating extra effort.

The student is obliged to respond to the cash-out request and pay. It is the student's responsibility to pay attention and withdraw winnings from the poker sites regularly.
 
Any issue can always be discussed with your coach and the BPC team. We have great relationships with our students. If the student has not paid the requested share within 15 days, it means loss of the security deposit, termination of the contract and share of winnings to be paid as written above.
Communication is key, and any issue can always be resolved positively, as has been the case many times in the past. 

 

Example A:

Frank is a 6-max Micro student. During March, he made 940 EUR in profits at the table. At the start of April, he will receive a BPC share payment request between 240-470 EUR.

 

Example B

John is a HU Starter student. During March, he made 4800 EUR in profits at the table. But he wants to move up to NL400, and needs the bankroll. He is serious, does all the homework, plays and studies practically every day. He asks BPC to postpone his March payment, and the payment is postponed. We understand that the faster the player moves up, the better it is for both sides. But the player has to demonstrate that he is really pushing for it himself. Words do not count - action speaks louder than words.

 

Financial decisions and bankroll management

During the contract, all financial decisions regarding the student's bankroll for the program must be approved by BPC. If the player needs to make a cashout from this bankroll, he has to do this via a request to BPC, to keep the accounting clean. We are 100% professional and past winning players have thanked us for their guidance on “non-poker” issues as well.

 

CFP Points and extra promotions

You may not be able to convert all of your CFP points. BPC reserves the right to adjust to the equivalent amount of the cashed in reward points from the room. (VIP level points or any of type of VIP level based on points). Cashing in the points means to convert those in money, tournament tickets, other promotions.

 

Special Add-on for Spin&Go and MTT contracts:

The profit split will be 50% of all winnings until you have reached the 10.000€ profit mark. Here is a very important exception. If your winnings are still below 10.000€, and you hit a big multiplier and win 2500€, then you will pay 50% of that big win even if the total amount exceeds the 10.000€.
Practical example: John has been studying hard and after 5 months has made already 8.000€ in profits. It is his lucky day and he hits a big multiplier and he wins 2500€. As per the rule, he owes to BPC 1250€. He has already paid 4000€ and will pay another 1250€. The total amount paid will be 5250€ in this example.

Why is this fair? Spins have a very high rake and part of that rake goes into financing multipliers.

Another important part to mention is that there will never be reimbursements made by BPC. This means. If you win 5.000 Euro, pay your share and go on a downswing, BPC will not refund money. However, we will never ask for any additional money unless your total profit - in this example - will be over 5.000 Euro. The reason for this is that accounting will become a nightmare and we pay a lot of transaction fees, meaning if we transfer money as a company often enough, there is no profit left to be made.

If the player plays a satellite (usually not permitted unless given permission by the coach) successfully, he shall trade T-dollars (PokerStars) and/or sell action until he reaches his average buy-in. In case a satellite is won through other means (such as entry through VIP-status or VIP-points) the student is responsible for travel & housing unless explicitly agreed otherwise with coaches. In other words, discuss things with your coach first and reach an agreement.

 

Updating results and minimum requirements

The player has to update his progress on each playing day in the software provided by BPC. Taking breaks or vacation is allowed, but has to be communicated in advance. Disappearing for more than 7 days without notice will result in loss of security deposit and termination of the contract with all financial details as explained written above.
Unless otherwise agreed to, there are no minimum requirements per se, the player strives to play at least 10hours per week and inform BPC in case this is not possible (in case the player is busy with job, pregnancy of wife etc) or needs a break.

Sharing Database & Security

The student agrees to send his database whenever requested fro game analysis and verification purposes. Upon request by BPC, the player will give access to his tracking program (PT/HEM etc) and access to his accounts on the poker clients in order to verify the information. The process happens via a screen sharing software like Teamviewer (or similar). BPC will never ask for your passwords or other security information.

 

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