Speed Racer Bounty. GG Spring Festival. Bet Bonusz Kod. Bet Bonus Kod Polecajacy. Bet Angebotscode. Tournament Results Online Poker Rooms Players in the News Poker on Television The World Series of Poker Poker Legal Issues While the train of thought here is logical, from a financial point of view getting staked in this situation would make no sense whatsoever.
Rather than seek backing, the best way to handle the above situation would be to sell a percentage of your action to someone over a specified sample or single session.
If you win, your friend gets the corresponding percentage of your winnings, and if you lose, he covers his part. There are many poker staking sites and forums that specialize in this kind of thing.
There are scenarios, however, where getting staked for cash games makes sense. Variance plays a much bigger part in the short-term results of a poker tournament professional than it does in those of a cash gamer. The best player in the world could go months without getting much going, until one day hitting that inevitable big one.
The variance effect is that much greater, and being able to play tournaments with huge first prizes without worrying about money is a huge upside. Another commonplace way for MTT players to deal with variance is selling poker tournament shares. Instead of covering the entire buy-in of a tournament or series of tournaments, they sell a percentage to buyers often with mark-up multiple, which is like charging a fee for your services.
In this case, the player still assumes some of the risk, since he puts up the rest of the money himself. Selling shares is a simple and effective way to manage your bankroll and take controlled shots. Are you convinced that you want to seek for a full staking deal? Here are some topics you must understand first.
Still unsure if getting staked is for you? The moment you sign that poker staking contract, your freedom is long gone. Poker Staking Definition: The act of putting cash up on behalf of a poker player. With the agreement that the person staking will receive a share of the winning money cash game or tournament prize.
The one who puts the cash up is the backer, while the backed poker player who receives the stake is referred to as the horse. Staking is an investment. This is where a player receives money to play in either games of their choice or ones preferred by the backer. Early staking deals used to consist of nothing more than a handshake agreement between two people. Whereby someone gave someone else X dollars in return for Y percentage of their winnings.
It may have been one professional poker player backing another or a business person supporting a rising star. There are still deals based on trust. However, online poker players will often sign contracts that lay out the terms of the deal. Including everything from the time period and specific games to staking taxes and markup.
All are agreed on ahead of time. Anyone can support anyone with dedicated staking sites connecting people wanting to invest with people wanting funds. This made it a lot easier to get backing in poker, but it also increased the risks.
Why would you want to get staked or start staking poker players in cash games and tournaments? The answer is variance - because poker is a swingy game. Online and live poker staking help:. So, a lot of research usually goes into finding someone to stake. A player has to be strong enough in all areas if they want to be staked. Likewise, backers need to invest in the right people. However, both have to work in harmony.
You can do this through dedicated staking sites, real money poker sites like GGPoker, forums, social media, or through friends. Step 2: Prove your worth. Any poker staking platform or individual will want to see how good you are. This means showing your results and, possibly, running through some hands with a backer to demonstrate your thought process.
Step 3: Agree on terms. Every deal will be different. However, the backer might see you as a bigger risk and demand a greater share of the profits. The terms will also include the following:. Once the agreement is complete, the backer transfers funds to the player account to play online games or live games. Step 5: Playing and tracking. Playing outside of these games can nullify the contract and incur financial penalties.
There may be scope to play outside of the contract, but this has to be agreed upon with the backer. Finally, the player has to track results and share them with the backer. The backer and horse player agree to a certain split percentage, which depends on the type of games being played.
However, because the backer is taking the risk, they also want the stake back. Markup is one of the simpler poker calculations you will come across. If the markup was 1. This means if the player sold all shares at a 1. By using markup a winning player receives a fair market value based on their skills and their past results. The standard Markup amount for consistent, winning, players is between 1 and 1. If someone is charging a higher rate than this they should be able to layout really solid reasons for doing so, and even still it may not be worth it to stake someone at a markup of over 1.
To determine an appropriate markup John simply needs to come in under his ROI; the lower he sets the markup the more enticing the stake will be to potential backers. In this case a good markup would be 1. Players with a longer track-record can get away with a markup even closer to their ROI than players who are still under the thumb of variance.
The bigger the sample size the more accurate the numbers will be. Consistency is huge when it comes to stakes, and players with more consistent —especially recent— results are generally more desirable to stake.
The point is, make sure the markup is consistent with both their life-long results and their more recent results. One of the main reasons for entering into a staking deal is to jump to the next level in terms of the stakes you play. For poker players, life, or just a terrible downswing, can make you a bit desperate, hence needing a stake in the first place. Think of finding a backer s like finding a job, where your number one selling point is your resume.
If you think you can just slap up a post at an online poker forum in 10 minutes and the stake money will just start rolling in then you are sadly mistaken. To even consider offering yourself up as a potential stake you will need to prove to the community that you have a solid track-record and your reason for running the stake-money is legitimate and not some kind of cash-grab. In addition to this, you usually have to prove yourself as a contributor to the community for months or even years before you start asking to do financial transactions.
If you are a relative unknown entity to your potential investors than testimonials are the best way to solicit potential backers. If known entities show-up and vouch for you, or relay their past dealings with you this will go a long way in proving you are worth the risk to any potential backers. Without results people only have your word, and every poker player thinks they are the best, so real data and results will be needed. There are many things you can do to sell yourself. The simplest of these things is to spell-check your post and make sure everything is clear and concise, but you can also look at how the other successful players write-up their stakes, and copy their template.
Make sure you are offering your potential backers a good, but not great, deal, and make sure you are thorough and explain as many details of the stake as possible , no matter how small or insignificant you may think them to be. Whether it is tax implications on big wins, how and when the collection of money and payouts will be handled, or that you are a member of certain poker training sites or have been coached by some well-known player — all of this information could be the difference between a backer thinking you are running a professional, well thought-out, stake, or that you are simply some random yahoo who is felted and looking for a handout.
For the most part, these reasons are entirely legitimate and offer both the player and the backer an equal chance to profit, but stakes and staking deals can also come with a few drawbacks as well. For semi-pro and pro players, one of the biggest obstacles is getting trapped at a certain level. Entering into a staking deal can allow you to jump up to the next level without having to worry about doubling your bankroll to do so.
Sometimes life happens and your resources get depleted , and a staking deal may be just what you need to get you back on your feet.
The key thing to remember is that when you are asking for a stake in these situations when life has handed you a pile of lemons it should be a short-term fix and not a long-term crutch to lean on. There is no form of poker with more inherent variance than multi-table tournaments. Live poker players can go years between big scores, so having a staking deal can drastically reduce the amount of variance a player has to deal with.
Even some of the best-known and winningest poker players sell pieces of themselves, and the reason is variance. Think of it like drafting a player on your Fantasy Football team, where you get excited when they perform well.
This may sound sort of callous, but some poker players are really, really good at poker, but they suck at money management. If you can enter into a staking deal with one of these players you may have found yourself a veritable goldmine. They are skilled enough to beat the games they are playing and bad enough with money that they will always need a backer. When you take on a backer you have drastically cut-down on your profits , especially if you are a tournament player who relies on huge scores in between months of treading water.
While most staking deals are conducted on the up-and-up, and go off without a hitch there are plenty of examples of scams, scandals, and shady dealings. When you first approach someone or post at an online poker forum looking for a backer you need to make sure you have all of your ducks in a row. Well the same is true for players looking for a stake.
If you want to sell yourself you need to make sure you have your act together and can provide potential investors with the answers they need. Perhaps the most important figure any staking agreement needs to relay is the percentage split between the backer and the player.
You need to be very up front if you are asking people to invest in your stake or Buy-a-Piece BAP at a markup —which has become a standard practice for established players. This markup should be very clear and one of the first things the person sees in your stake along with the percentage split. A standard markup for a proven winning player is in the 1. Stakeback and Makeup have become standard in most staking agreements, so let me briefly describe what each one is and then show how they can affect the percentage split or markup of a stake.
Stakeback is where the player refunds the initial stake before any profits are divvied-up. Makeup is different from stakeback in that makeup carries over. For winning players, offering makeup can push the markup as high as 1.
Besides all of the basic information mentioned above it never hurts to provide some additional details to prospective backers, as this will save time later on and can derail any disagreements before they even come up. Here are a few of the questions you should answer in your staking agreement:. And finally, you should be able to answer any question a backer may fire at you.
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