A question about staking...

coffeecrazy1 · #1 01-21-2005, 05:35 PM

I read in another forum about a disagreement arising between two friends over the terms of one staking the other.

It got me to thinking: what is the "industry standard" agreement for staking someone, and what would be a possible improvement over that? Also, how do you deal with a non-poker player who wants to stake you? Do you tell them that it's a bad idea? Do you just explain the risks? I'm brimming with questions over this.

The next step is getting someone to volunteer to stake me... [img]/images/graemlins/wink.gif[/img]

snowbank · #2 01-21-2005, 06:06 PM

what is the "industry standard" agreement for staking someone

50%

The next step is getting someone to volunteer to stake me...

Don't count on it unless you can prove you are a winning player, but have to use your bankroll for expenses or something like that. Probably 90-95% of winning players don't need stakes.

coffeecrazy1 · #3 01-21-2005, 06:30 PM

I was actually kidding about the getting staked thing...it would be a rare event that, even if presented with the option, I would go for it.

GuyOnTilt · #4 01-21-2005, 07:23 PM

50%

50% would be absolutely ridiculous. That's the industry standard in Rounders, which we all know is a great place to find real-life poker information. From what I hear and my experience, it's right around 30%.

GoT

theBruiser500 · #5 01-21-2005, 08:03 PM

You mean if I stake someone $100 I should get 70% of their winnings right? Not 30%

GuyOnTilt · #6 01-21-2005, 11:10 PM

You mean if I stake someone $100 I should get 70% of their winnings right? Not 30%

No.

GoT

Ray Zee · #7 01-21-2005, 11:38 PM

yes. but on one play even that is very generous. those that give half dont do so for long. only on long term stakes do players get 50 or 60 percent and only the very best do those deals. the others that do both end up broke.
in most higher stakes staking, the player gets half and owes if he loses that half. so he gets a loan to play on and the staker gets half the action for putiing up all the money now. this is in cash games. but applies to tournys as well.
in general only friends and suckers stake anyone.

theBruiser500 · #8 01-22-2005, 12:57 AM

So in high stakes game I would loan someone 100k, and if they won 100k, I'd get my 100k back and another 50k, if they lost it all, he'd still owe me 50k. Thanks very interesting, my stake deals in the past have been real bad for me.

Andy B · #9 01-22-2005, 02:21 AM

I was staked over a period of several months in cash games and got 50% of my winnings. My backer was a poker player, and I wouldn't want to be staked by someone who didn't play, i.e., someone who doesn't understand what a bumpy ride this can be.

Evan · #10 01-22-2005, 06:38 AM

I am being staked right now by a friend that is a poster on 2+2.

He gets 25% of my winnings and takes 100% of any loss. I keep all bonuses and rakeback (I play almost entirely online). I pay him his portion of my winnings every two weeks and either of us can end the deal whenever we want.