Poker Staking Agreement

4/15/2022

Poker Staking Agreement

Poker Tournament Staking Contract Agreement
Poker Staking Agreement

I offered to stake him into a satellite tournament to the main event. The buy in for this was $360, with 1 in 5 winning a seat to the big game. I have never staked someone before so we agreed to a traditional 50/50 stake. He ended up winning the satellite, which meant that I'd get 10 percent of his main event.

Staking presents a unique opportunity for players to play in events that their bankroll might not normally allow them to. It can also be a great opportunity for those with extra cash to invest in players and cash in on their skill and winnings. Ideally, staking agreements should be a win-win for everyone involved. Poker staking is still the Wild West. Huge poker staking deals are made daily using just a handshake, a verbal agreement, or an SMS. The process is still terribly informal and leaves a lot of room for miscommunication and forgetfulness. This can put a strain on friendships and business relationships.

In another article here on TopPokerSites.com, I talked about what staking is and how it’s beneficial for horses to be staked. What I didn’t mention though, is how to get started. So that’s what I’ll focus on now.

Finding a backer isn’t difficult. It will coincide with how good you are though. Obviously the better you are, the more willing someone will be to invest in you.

There are a few ways that I know of to find potential backers. One way is by word of mouth. When I was looking for coaching/staking, I asked someone who was currently being staked who their coach/backer was. They passed my name along and shortly after I had an agreement in place, a bankroll and coaching.

Another method is to join a forum such as PartTimePoker or 2+2. Here you can create a thread asking for a backer, or you can apply to other ads where backing is being offered.

A third option is to visit a training site where they offer coaching and backing. They aren’t nearly as popular as the big training sites like DC and Bluefire, but the ones I know of, like SNG Mentors, have solid coaching and they offer backing to qualified students who need it.

Creating a Staking Deal

Poker Tournament Staking Contract Agreement

Creating a staking deal is something you don’t want to take lightly. It’s an agreement that will dictate how many games you need to play, your bankroll, how much money you can keep if you profit, whether you will owe money if you lose it and any coaching you will receive.

Online you’ll find that there are two different kinds of agreements; one that you make privately and one that is made online publicly.