World Series of Poker bracelet winner Andrew Barber called-in to the Poker Life Podcast recently to discuss Poker Tournament Markup with host Joey Ingram. Josh Arieh, winner of two World Series of Poker bracelets and main event third-place finisher, apparently was just misread horribly by the poker community. On. What is a fair mark-up? of the PartyPoker Millions Poker Tour will hit Barcelona in April and Intertops Poker and Juicy Stakes are giving online poker players the.
Follow Joey Ingram on Twitter: It seems like the backer is just paying a premium for another gamble. I like it; I like to play as high as I can. There has to be some endurance factor for a long WSOP grind when selling a package of tournaments at markup. Brian proposes to Mike a staking arrangement: This could have been avoided by clearly defining the payout arrangement beforehand. This can be done in several ways including future staking agreements between the two.
What is a fair mark-up?
The topic is of particular interest now that the WSOP is officially underway — as interaction between investors and players ramps-up to a fever pitch across online forums.
Barber, who is originally from California, first increased his awareness of MTT Markup during a conference held at the Bellagio years ago. Since that time, his experience as an active participant in the staking marketplace has given the year old a unique perspective on what he feels is an investor-beware environment. Barber fleshed out his views in a May 15 tweet to his social media followers. However, any poker tournament staking marketplace investor who is concerned with getting the best deal possible may want to re-watch the cast several times.
And now all the shitty packages have gone to YouStake. You can make a living off of it if you do it right. He cites a article from the Wall Street Journal and other sources — and lets Podcast viewers know that writers are constantly looking to tie-in poker business dealings with more widely-publicized commodities.
One such service is Kickstarter, which Barber likens to the poker staking business. I think people piss away a lot of money on Kickstarter. And it only gets worse as they sell more. Only buy and sell action from people who are offering reasonable markup. Barber states that a relatively high 1. Do NOT invest in packages that include many events on back-to-back days. This could potentially place the interests of investors and their horses at odds.
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A Comprehensive Guide Poker Staking: A Comprehensive Guide Staking is essentially ubiquitous in the worlds of both live and online poker. Yet the core concepts of poker staking still prove elusive and confusing to many players — especially those who play poker primarily as a recreational pursuit. What is poker staking? Why would people want to be staked for poker or wish to stake others? Is poker staking unethical or illegal?
How can I go about staking players or being staked myself? Poker staking explained Staking — also commonly referred to as backing — is a relatively simple concept. A brief example will help to illustrate how this arrangement works in practice. Brian proposes to Mike a staking arrangement: Brian gets a chance at a big payday without any work, and Mike gets to lower his risk by not putting up the entire buy in out of his own pocket.
If Mike fails to cash in the tournament, Brian gets nothing. Some staking arrangements are simply one-off deals like the one described above. Others are ongoing partnerships that might last months or years. Many of the top online poker tournament players are part of staking syndicates that have been running nearly as long as online poker itself. Standard aspects of poker staking arrangements Every staking deal is unique, but most share many common elements that aspiring backers and players will want to become familiar with.
Why staking makes sense for players and backers Staking makes sense for both players and backers for a simple reason: Most poker players — especially tournament players — lack proper bankrolls for the stakes they play. Consider the World Series of Poker , where a player can easily rack up a six-figure buy in bill over the course of the 50 events the WSOP offers each year. Live tournaments are notoriously high variance, and talented players can easily go several tournaments — if not the whole Series — without a significant cash.
Very few poker players have the multi-million dollar bankrolls necessary to withstand the inevitable swings of high-stakes tournament poker. Online poker tournaments are no kinder to the typical bankroll. A professional player can easily spend tens of thousands of dollars a week buying in to tournaments, and the large field sizes of the major tournaments can easily make for long, bankroll-draining dry spells even for the top players.
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