Staking

LARSON7

Was just on another poker forum site, it had a whole section on staking/ getting staked with people asking for "applications" from people wanting to be staked lol

Just wondering what peoples views were on this?

I can understand buying "action" if someones entering a big tournie, especially if it someone you know.

But this was talking about staking people for cash games on a long term basis.

I don't really see the point. At the end of the day if you are a good winning poker player would it not be best just to grow your bankroll organically, and keep all profits you made?

Slipwater

If this is your way of asking for someone to buy a piece of you, put me down for 1%.

Lambert180

A lot of people who do staking aren't good enough imo. Also they just wanna play high levels and make big profits right now... If you have £200 and wanna build a roll to play 100NL that's gonna take a pretty loooong time but seems poker is full of impatient people.

So the point for them is they'll get to play a game they'd probably otherwise never be able to play and if they lose 'so what, it's not their money, right'.

LARSON7

The first time i heard about it was at the SPT, when i spoke to some one who was staked.

Don't see the point in it myself, but i'm sure it makes sense to some.

Yeah, the staked person could just blow it all to their friend. A lot of risk involved, surely better to keep all your profits for yourself. Even from a money perspective, if your staked for £1k and you are giving away 50% of your profit, would make so much more sense just to save up that 1k.

DOHHHHHHH

If I can get someone better than me to play with my money for me, why wouldn't I do that?

It's also fun, like gambling but with an 'edge'.

From the pov of the person being staked, there are lots of reasons why it might appeal to them.

If for example you satellite in to the spt final for £12 at the first attempt, you can sell 50% of your action which will go a long way to covering your hotel/travel/drinks and you get to freeroll the whole weekend as well as effectively a £165 buyin MTT.

It's a lot of fun for the staker as well as +ev ! (unless ur staking donkeys. like Don. ahem!)

scotty77

Staking is prob more common in MTTs where the variance is high but the amounts of make up involved are sometimes eye watering.

Cash staking is an interesting proposition.  With the variance in cash being a lot lower it can be a pretty solid investment if you can a) find someone good enough and b) more importantly trust worthy enough to make it work.

Lots of issues to being staked.  The main being is that a lot of people who are fantastic poker players also tend to have very poor money management skills and need that extra bit of control.  I know loads of people who could sit down in a $10k and tear it apart, but you give them £100 and they couldn't make it thru the casino without doing the lot on roulette.

Some people need the feeling of poker being more a 'job' and having a 'boss' that is gonna motivate you with coaching, provide training videos and advice can also be a major factor too.

Also things happen in life, just like poker, that can mean that their roll is just 0gone.

If you are a decent cash player and have a proven track record, then being staked can be a good thing.  Say you currently only have a roll for 20nl, but you have proven winning histories of winning at the same rate at 50nl.  If you can find someone offering a 50/50 deal then you are actually gonna be 50% better off even after paying the investors share.  And it is highly common for staked players with a proven track record at cash to attract 60/40 or even 70/30 deals in their favour.

I personally don't find the proposition of being backed for cash games particulary attractive but there are a lot of players who make it work for them and it happens to be a far better fit than playing off their own roll.

LARSON7

In Response to Re: Staking:

If I can get someone better than me to play with my money for me, why wouldn't I do that? It's also fun, like gambling but with an 'edge'. From the pov of the person being staked, there are lots of reasons why it might appeal to them. If for example you satellite in to the spt final for £12 at the first attempt, you can sell 50% of your action which will go a long way to covering your hotel/travel/drinks and you get to freeroll the whole weekend as well as effectively a £165 buyin MTT. It's a lot of fun for the staker as well as +ev ! (unless ur staking donkeys. like Don. ahem!)
Posted by DOHHHHHHH

YEah lol i meant actually staking some one long term for cash games as opposed to buying a bit of someones action for a mtt.

Which is just a bit of fun/ having a put with a tenner or 20 pound

ALANSK100

ovcourse it matters if you win or lose as a staked player!! as no matter how much you are staked you have to pay your stake back and split anything thats left over. now for some people who cannot afford to buy into bigger games now have the chance to play somthing they might not always want to enter due to not having the funds to spare for these type of games

The more horses you have in a race the more chance you have of your horses cashing it only takes 1 horse and  mr big who has staked 10 players has now got all his stake money back from one horse leaving 9 players that owe stake for when they win or cash so the staker will of made alot more then the horses were paid if this makes sence

£20 £30 quid lol yer that is abit of fun try more like £250 a month up to £400 a month now thats a dream most people dont have them kind of funds to play

rancid

It's gonna be hard for anyone to get staked in cash games if you have no proven record at the level you want to be staked at.

If I for example could find a backer to punt me into nl100 for 6 months I think I would grab it with both hands.
Because these oppurtunities should be taken cause it can really boost your current roll.

So if your rolled for nl4 for example and you get offered staking at nl20, you should grab it cause you can win more money.

But like I say, it's going to be difficult cause you have no proven record. Just going to have to find a punter who believes in your game.

Staking in MTT's is very good if you find a good enough player. Min outlay, max reward for doing nothing - pretty good.

hhyftrftdr

In Response to Re: Staking:

It's gonna be hard for anyone to get staked in cash games if you have no proven record at the level you want to be staked at. If I for example could find a backer to punt me into nl100 for 6 months I think I would grab it with both hands. Because these oppurtunities should be taken cause it can really boost your current roll. So if your rolled for nl4 for example and you get offered staking at nl20, you should grab it cause you can win more money. But like I say, it's going to be difficult cause you have no proven record. Just going to have to find a punter who believes in your game. Staking in MTT's is very good if you find a good enough player. Min outlay, max reward for doing nothing - pretty good.
Posted by rancid

Toby Lewis would echo that, after what happened at EPT Barcelona!

scotty77

In Response to Re: Staking:

It's gonna be hard for anyone to get staked in cash games if you have no proven record at the level you want to be staked at. If I for example could find a backer to punt me into nl100 for 6 months I think I would grab it with both hands. Because these oppurtunities should be taken cause it can really boost your current roll. So if your rolled for nl4 for example and you get offered staking at nl20, you should grab it cause you can win more money. But like I say, it's going to be difficult cause you have no proven record. Just going to have to find a punter who believes in your game. Staking in MTT's is very good if you find a good enough player. Min outlay, max reward for doing nothing - pretty good.
Posted by rancid

Really, really isn't quit that simple.

Know someone who is regarded as one of the best players in the country who got into 300k of makeup.

Another guy who ran one of the biggest stables out there and couldn't afford it no more so had to drop the entire lot with 2.5 MILLION on the books.  All gone.  Then within 6 months of him dropping them 3 of his horses go and win the world for their new backers.

rancid

In Response to Re: Staking:

In Response to Re: Staking : Really, really isn't quit that simple. Know someone who is regarded as one of the best players in the country who got into 300k of makeup. Another guy who ran one of the biggest stables out there and couldn't afford it no more so had to drop the entire lot with 2.5 MILLION on the books.  All gone.  Then within 6 months of him dropping them 3 of his horses go and win the world for their new backers.
Posted by scotty77

yh I suppose if you get yourself into a hole with someone then it's going to hurt. But as a one off punt it's just a bit of gamble.

But I guess if your a player who enter's into these deals, it's not just a one off - the stable owns you !

ALANSK100

In Response to Re: Staking:

In Response to Re: Staking : yh I suppose if you get yourself into a hole with someone then it's going to hurt. But as a one off punt it's just a bit of gamble. But I guess if your a player who enter's into these deals, it's not just a one off - the stable owns you !
Posted by rancid

only if they choose to keep chucking food will they own you otherwise its solely at the stakers risk
you will be crazy to keep backing a lame horse

Lambert180

Yes but that's the point Ryan was making, someone who has lost a chunk isn't necessarily 'a lame horse'. People generally aint gonna be getting staked for small MTTs, it's gonna be big ones, so you could still be an absolute sicko and a great prospect from the staker's point of view but still burn through $10-20k pretty quick.

IDONKCALLU

staking is good if u bink a seat for spt £220 buy in and u binked it for £12 say 

u can sale half your action to cover travel costs and where ya staying etc big + for staking 

THEROCK573

my mate worked for prostaking playing mtts, you needed a proven track record though of +50k in winnings. free tournaments and as many as he liked at any stakes but 60/40 chop.

hhyftrftdr

In Response to Re: Staking:

staking is good if u bink a seat for spt £220 buy in and u binked it for £12 say  u can sale half your action to cover travel costs and where ya staying etc big + for staking 
Posted by IDONKCALLU

Well done for repeating what Dohhh said

IDONKCALLU

i didnt see what dohh said 

FCHD

Don't you read a thread before making a contribution to it?

MAXALLY

In Response to Re: Staking:

Don't you read a thread before making a contribution to it?
Posted by FCHD

The password for the free Skating freeroll is TORVILL

IDONKCALLU

i read the opening post then put my input in

splashies

In Response to Re: Staking:

In Response to Re: Staking : The password for the free Skating freeroll is TORVILL
Posted by MAXALLY

haaaaa

LARSON7

In Response to Re: Staking:

If this is your way of asking for someone to buy a piece of you , put me down for 1%.
Posted by Slipwater

Ok thanks, what is the split 90 to you, 10 2 me? lol

GaryQQQ

Medium-well for me please.