One Month Staking Deal

[s4ooter]

Wondered how/where to go about looking for a proper staking deal, allowing me to play in bigger live/online mtts.
Id quite happily let the stake/rs pick the site, tournies and venue (for live)
Ill be honest im kinda unsure on what to ask for or where to go, but ideally id like to srat playing more $20 - $50 mtts on Stars/Tilt, or the Deepstacks on Boss (10e, 20e, 40e) plus live games at Walsall/Bristol upto £100

I would quite happily offer 75% of all monies won until the backer is paid back his monies in full, and then 50% there after - i dont know if that is a good offer or not but its pretty safe compared to other stakes i see going on.

I suppose id rather 1 or 2 backers but wouldnt mind if it was a collective, then obv the %s may be diff
ie 5 backers (all even stakes) would get 15% anf then 10% thereafter (of monies won)

Am i being crazy stupid or can i get this!?

Would it be better to maybe start and get backing for a small schedule of tournies and go from there?!
eg - the 40e Deep on Boss for a week (7 days = 308e) and build a relationship with backer

ohhh i dunno

If anyone is wililng to discuss something or offer me advice (if they are backed already) it would be greatly appriciated

Many Thanks

[Gus Mango Fish]

Paddy's your man for this prob.

daMatrix manages to get himself backed in MTTs via staking sites too, but not sure if he ever sells enough to fully cover the buyin?...

[thetonto]

I've never really understood staking. Surely if the person was confident in their own ability/chance of making money, they would just fund it themselves? Am I being really dim? lol

[s4ooter]

I've never really understood staking. Surely if the person was confident in their own ability/chance of making money, they would just fund it themselves? Am I being really dim? lol

yes thats true but with the poker boom runners become an issue, and other personal circumstances
i play to a decentish level imo, but due to factors cant afford to dive in and play the levels i should be playing at, sadly grinding $5mtts isnt really gonna get anyone anywhere as the fields are soooo vast and luck becomes a huge factor, therefore edge is reduced

by gettin staked in bigger events with smaller fields, then u get to bypass that, and build a roll quicker

also, your backer has the pportunity to make money, for not even turning on pc

it can be a win/win situation

[ThePadster]

yes thats true but with the poker boom runners become an issue, and other personal circumstances
i play to a decentish level imo, but due to factors cant afford to dive in and play the levels i should be playing at, sadly grinding $5mtts isnt really gonna get anyone anywhere as the fields are soooo vast and luck becomes a huge factor, therefore edge is reduced

by gettin staked in bigger events with smaller fields, then u get to bypass that, and build a roll quicker

also, your backer has the pportunity to make money, for not even turning on pc

it can be a win/win situation

Firstly re Tontos point, sometimes real-life expenses mean a poker roll has to be withdrawn and put to other uses, leaving a player unable to fund buyins at a level they were previously playing/beating and they then look for backing to rebuild there roll, rather than drop to lower levels which can be a minefield because of larger fields/increased luck factor etc

Variance obv is another reason a good players bankroll is depleted to a level where they are unable to play at there preferred level and need to seek addtl funds to carry on rather than drop levels.

Unfortunately with any staking site, unless you have mega solid winning stats, you are going to have to start at the lowest level.

I have used parttimepoker since November last year.

There are 2 different methods. they have a MAD section (make a deal). This is split between stars/full tilt/other sites, with stars/tilt having the most offers of stakes as most members are US based and stars/tilt offer player transfer facility which is needed when moving funds between staker/stakee. In this section there will be a multitude of staking offers, sometimes a staker will want 3x players to play 1 specific tourney, they may offer $x for u to run a certain level of sng for 1week/1month etc. Stakes will vary from lowest micro levels to serious money (I see a staker offering a $10k stake to run mtts up to $320bi on there today!).

VERY IMPORTANT if you apply for a stake, make sure u meet the criteria ! stakers will often ask that only players with x amount of player points, or x amount of profit that can be proved by OPR/Pokerdb/Sharkscope etc, or combination of the 2. If you apply for a stake where u dont meet the criteria, the staker can, and often will, request "gear" be issued to you. This is effectively a millstone around your neck, that clearly shows to other stakers that you do not read requirements when applying etc, and will make it VERY hard for you to get staked in the future.

You accrue 1 player point for every $1 profit you make on a stake you run for someone. Often a staker will not touch a player if they dont have at least x amount of player points, hence the need to start at bottom level unless your awesome !

Another way is by raising a BAP (buy a piece) where you try to raise $x to run a series of mtts, either specific or say all action for 1 month/1week, sngs, live games etc.

Your cut will vary, and at lowest levels you will usually find it 60:40 in backers favour, usually 50/50 if you final table something etc.

Makeup applies to almost all stakes. So if someone stakes you for a $5 mtt, and u fail to cash, you effectively owe them $5. The reality here is that this is almost never chased as is hard to recover. More likely you you satisfy the staker your a good player he wil restake you, say for another $5 mtt. This time u cash for $100. Firstly you return the $5 stake to him plus $5 makeup. you then split the profit in whatever ratio had previously been agreed.

There are fees obv as the site needs to be maintained. To set up a bap is $5. If you make a profit, 5% of YOUR profit is due to the site, once this is paid you receive your player points

Chipmeup works in similar way I believe, will let damatrix expand further if there are any major differences, or contact him direct with specifics etc

Obv any queries re PTP then just pm me/msn etc and I will do my best to help.

[DaMatrix]

I think working your way up/learning to use a staking site is a good idea for all poker players.

[Gus Mango Fish]

yes thats true but with the poker boom runners become an issue, and other personal circumstances
i play to a decentish level imo, but due to factors cant afford to dive in and play the levels i should be playing at, sadly grinding $5mtts isnt really gonna get anyone anywhere as the fields are soooo vast and luck becomes a huge factor, therefore edge is reduced

You can pretty much choose the size of the field you want to play against for a $5 tourney (or $10 tourney, $20 tourney, $30 tourney, etc,etc). e.g. Stars will have 90-man, 180-man, as well as 1,2,3 table SNGs, as well as their 5000+ runners MTTs. An MTT on Poker.co.uk costing, for example, €10 will have 1/100th of the runners of an MTT on Stars costing $10. There is so much choice out there that the arguement that "the fields are too big" is a bad one imo, as they aren't.

by gettin staked in bigger events with smaller fields, then u get to bypass that, and build a roll quicker

I think it's unlikely any backer is going to put money up for events that you are unproven at. Players with good track records, at the stakes they are asking to be backed at, are the ones that are usually successful in getting that backing. I don't think you should see backing as a way to 'move up' levels. Rather you should put together a series of consistent results at a set level, then ask to be backed at that same level.

[s4ooter]

completely agree with all the above,

Mango any idea how long it takes for my cashier pin to come in post as cant redeposit on pcuk till then, hmmmmm and i dont wanna keep depositing on DTD

Think i may deposit a few hundred ££ on pcuk and just play the Deep Stacks, does teh 30% rake count on tourny fees or just cash!??

[Gus Mango Fish]

completely agree with all the above,

Mango any idea how long it takes for my cashier pin to come in post as cant redeposit on pcuk till then, hmmmmm and i dont wanna keep depositing on DTD

Think i may deposit a few hundred ££ on pcuk and just play the Deep Stacks, does teh 30% rake count on tourny fees or just cash!??

Rakeback counts for all rake, so the +€2 bit on the end of a €20 + €2 tourney counts as rake.

The Cashier PIN should only take 2 or 3 days. Though sometimes it's slower if public holidays / postal strikes.

[s4ooter]

Rakeback counts for all rake, so the +€2 bit on the end of a €20 + €2 tourney counts as rake.

.

thought so but thought id check