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The key point from the video tutorial is that the preferred arrangement for equity play, as learned from Roland Frazier, is a profit sharing agreement where a percentage of new profits is shared with the consultant. The typical percentage is around 10, but this can vary based on the company size and industry. Roland advised against giving a higher percentage, like 20, as it may blur the line between advisor and employee. It is important to consider whether trading money for expert advice is worth it.