Poker Staking Guide
For a lot of us poker players especially right now during these tough economic times we don’t always have the money available in order to play poker online. Over the years on many poker forums there has been discussion about staking players and many people have stakes poker players in the past. Basically staking is when someone with money gives money to someone else to play poker with and then at the end any profit made is split.
The most common relationship between the PokerStars.net poker player and the person staking the money is a 50/50 split down the middle which is fair for both parties. In the early stages of your relationship with someone who is staking players they might demand a higher percentage until they can see your results. If you’re looking to build up long-term clients who will stake you then you need to take the pay cut in the early stages of your career to prove your skills in poker to the people with the money.
As a poker player in this deal you don’t have much to worry about because you’re using staked money which isn’t yours. Now if you want a long career playing poker with other peoples money you’re going to want to ensure that you’re wise with the money you get from the person staking you. If you’re not wise with the money then you’re going to have a tough time getting a stake again from that person.
The most difficult thing to do is start staking poker players is to have a trusting relationship. Usually either the player or the person staking the money feels cheated in some way and these deals usually end up sour. IF you’re looking to find someone to stake you for a long period of time so you both can make some money then you need to show the person staking you that you can be trusted. You can’t show any emotions at the poker table since it isn’t your money you’re playing with and you definitely can’t just call an all-in in hopes of doubling up with staked money or else you won’t be staked again.
As I mentioned earlier most of the time you will end up having a 50/50 split with the person staking you the money, but you also need to keep in mind that you only get 50% of the profit. If you lose $500 and then win $800 there is $300 profit which you would get 50% of. You can definitely make money by getting staked by someone, but as soon as you can afford to stake yourself then I recommend doing so because then you won’t need to split your profits with anyone.
Generally people who stake WSOP poker players on PokerStar run from player to player trying to lock up all of the profitable players so if you’re not profitable you will have a tough time getting staked. If you are profitable and can get staked without problems then you should be considering using your own money to stake yourself to avoid losing 50% of your winnings. There are a couple poker forums where you can find people who are staking poker players and that would be your best bet for finding a gig.