You need to be logged in to your Sky Poker account above to post discussions and comments.
You might need to refresh your page afterwards.
Sky Poker forums will be temporarily unavailable from 11pm Wednesday July 25th.
Sky Poker Forums is upgrading its look! Stay tuned for the big reveal!
Be careful out there!
Quite saddened to see a post on FB relating to poker and betting and how it can ruin friendships and cost people a lot of money. Obviously those affected will know what I'm on about. Just a couple of words of warning to all:-
1. Always play within your bankroll, if you need to borrow money to gamble or play poker then you've got it wrong.
2. Don't lend money to people to help them with the above.
Obviously you may think there are exceptions to this but be very, very careful, only gamble with amounts you can safely afford to lose and only lend amounts you can afford to never get back.
Apart from that have a great weekend!
1. Always play within your bankroll, if you need to borrow money to gamble or play poker then you've got it wrong.
2. Don't lend money to people to help them with the above.
Obviously you may think there are exceptions to this but be very, very careful, only gamble with amounts you can safely afford to lose and only lend amounts you can afford to never get back.
Apart from that have a great weekend!
Comments
This is all very sad.
Your discretion is appreciated Paul (ditto Lambo).
I'm afraid direct reference will not be allowed by Sky Poker, for a multitude of reasons & if we go there, threads will have to be removed, which aids none of us.
As long as we can be discrete, it's fine for now.
Facebook has a thread where it can all be discussed, as does blondepoker, where the rules & restrictions are different, which has a thread dedicated to this matter "Latest Grimmer Alert".
Thank you.
In most cases, Sports Betting is the problem.
If you have several hours to spare & want to see how these things work, google "Blatchgate" which is the most "celebrated" (if that be the word) grim in recent years.
Sometimes players want to play juicier games that look very +EV but cannot afford the risk (such as big buy in weekly games or even WSOP games). At the same time there are a lot of stakers who are willing to take the risk for a share of the potential spoils. A LOT of WSOP players have 'borrowed' money or rather 'been staked', with plenty major success stories.
It is easy to think 'why would a winning player need to be staked?' However as a crude example if someone is steadily winning a couple of hundred quid every week over a long period they clearly have an edge and are winning money. This may not be enough however to let them grow their benkroll to buy into 'Big Games', even although they have an edge... Enter the 'staker'.
Another example to show it can work... I sold 25% of my action for £10,000 in a game once. It meant if I bricked the game I still got the £10k + I was guaranteed a $10k cash so was sure to make a few quid and could play with a clearer head, less pressured. In the end the investor got $25k (minus his investment) and so made a tidy profit.
It definitely works for some people, you do however, just as you mentioned, have to 'be careful out there'.
Definitely a risk in staking although not many stakers would cry foul in the scenario where their stakee loses. They would if said player won a bit of cash and didn't honour the stake though.
Our man who outed him can be a bit of a pain, tbh, & has been banned numerous times since. Has quite a high opinion of himself, to put it mildly.
Last night I saw the full blog of the recent affair. Oh my Lord. My sympathies go out to all those who have suffered financial hurt. Many of them are my friends & or acquaintances, & the amounts involved are very significant to them. It's a terrible do, it really is.
So a player could be showing s having £1,000,000 in cashes, but he my have paid £3,000,000 in entries.
As a measure of profitability, it has zero value.
Nice to see our cashes on there though, & for that reason, I like it.