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staking
right i no nothing about this subject so tell me all you can. do you get staked? do you stake another player? what percentage would each the staking and staked player get?
Comments
If you are playng on Sky Poker, I strongly urge you to keep away from being staked, or staking anyone.
It's effectively borrowing or lending money to play poker.
Good players don't need it, bad players end up playing above their means.
I have seen so much grief, pain, & money lost because of staking. I strongly advise againat ANYONE becoming involved in it.
I'll fill you in with the full details tomorrow, I'm as little too tired to do it justice tonight.
Tomorrow, ok?
Whatever you do, don't touch Staking with a bargepole! It's an evil trap.
Yes, it's just my opinion, but not one given lightly. When you see kids up to their neck in debt due to poker staking, it's a pretty sad thing.
I have always advised against borrrowing money to play poker, & I always will.
people who stake people(who clearly cannot build their own banks)=why stake them?
end result..people who are staked have the "luxury" of playing looser/gambling more because they are sponging of someone else but dont have the b.lls to do it with their own money=losers.
anyone with any pride would refuse to be staked.
Lend us a tenner
And if he's not good enough, he finds a staker & he ends up in a mountain of M-U.
The current fashion for staking is going to end in tears for so many, stakers & horses alike. IMO, that is.
Nowadays a select group of people which we will call 'Grimmers' borrow money off players when knowing full well they are in debt and have no intention of paying back the lending person. So for example say a guy in debt said to Tikay "I've got no money at the moment can you buy me in to the DTD £330 monthly and I'll pay you back next week" and Tikay bought the guy in and saw the guy from time to time but thatperson never mentioned the money again and avoided Tikay at all costs, this person is called a 'Grimmer'. Some people sign up to forums on the sole basis of wanting to grim money from trusting winning players to feed their gambling habit, because lets face it anyone of this nature is not a winning player and doesn't have any respect for money or other peoples. I personally have fell out with a few people who I called friends back then but you soon realise who your real friends are.
Personally though I have a very good friend who I do infact stake but I've known him for years since school and he is a trust worthy guy who I can rely on. He always pays his way. I do it more with him as a favour and I also believe in his ability as a player. So although its not for everyone and I definately don't ever advise lending money to people like Tikay says for gambling. Staking can work out differently if you know the person well enough and have a good agreement.
" So although its not for everyone and I definately don't ever advise lending money to people like Tikay says for gambling."
just lol, loving the use of no commas James !!
Tikay, how do you keep your cool so well? There is a post from someone on here that LOVES being controversial.
You answer as gracefully as you would to a friend. Keep it up mate, the best sense and advice comes from from your posts and love reading them.
P.S. theres a comp on sunday, any chance......? lol
Personally i'm not a fan of general staking but Neil Channing knew how to pick em
however believe it or not he is a top quality mtt player on stars and always pays back (when he can)
when i stake him i no i might not see the money for a few weeks/months but I WILL see it.
Have made a nice few in % i wouldnt stake somebody i didnt no well having said all that
just like opening a account on skypoker,
some players or stakers gamble more than they can afford,
so my best advice to a stakers is if you fancy a gamble,
keep it affordable and enjoy.
roborover
p.s. tk i thought sky were staking players in total player,
what the differential between a poker site doing it,
and a player who can afford it,
that does not mind the gamble ,
win or lose ?
so hence trying to get financial gain from it,
just like like a staker would.
Personally I don't mind the idea of staking, but I doubt Sky will be giving players more than a £200 bankroll each to be honest and I assume the challenges will be small things like MTT's, SNG's and small stakes cash.
I could obviously be totally wrong but I can't see them giving each player a £2k roll can you guys?!
Is this a euphemism?
Heres a little more detail i think which hasnt been mentioned.
Staking deals are actually quite common in high stake MTTs on other sites such as..Stars and Tilt. They way staking works is not a carbon copy for everyone as most deals are different but heres a few i know of.
MTTs
The invester pays 100% of a players buy ins and get 50% of whatever the person wins.
50% of a players buy ins and gets 25% of thier winnings.
Cash
Say your a 50 nl player a staker will give you maybe 1k or X buy-ins and take 50% of your winnings after a month
And of course when the staking arrangment comes to an end you give back the stake the staker iniatally put up. Also because in MTTs where they can play between 10 and 50 high buy-in games day ! they can lose quite alot through normal downswings or being staked for a 10k live buy-in event. Then the stakee can go into something called make up. This is where by your effectively in debt or on an overdraft which needs to be paid back.
Example
Lets say i was being staked for £330 - £500 and £1000buy in events around the uk such as the DTD deepstack, UKIPTS and GUKPTS by Mr Kendall. I've been on a terrible run and haven't even cashed in one of my 14 events played yet ! Tikay is £9800 down on his investment and were on a 100% stake 50% back and a make up deal.
I then come 1st at GUKPT Blackpool destroying james heads up, he even crys as i rake in the last of the chips ! This is for £80k.....Now what do we win ??? we pay back Tikay the £9.8k and that leaves 70.2k to split 50/50 between us so i win 35.1k and tikay got 44.9k back on his investment.
Thats just some examples.