Posted:
#1
whatr some standard rules 4 this? How muchdoes the staker take and how much does the person who isgetting staked keep? What r some regular rules that anybody has heard of.
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Posted:
#2
SO MANY VARIABLES Factor in.
Give me more info,,, cash or tourneys, friend or stranger, known guy or not, what type of stakes? Vegas online? elsewhere?
I have staked...never been staked..
Also who broached this topic you or the other guy? Also what side are you on? Let me know and I assure you I can assist you
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Posted:
#5
Quote Originally Posted by username474:
50 % of profit is pretty standerd
50% is the standard. Check out neverbeg.com and see for yourself. With over 14,000 members and hundreds of stakes going out everyday it should be ez 2 see, lol. My username is blindfury, look me up if your good I might stake U. and it's uasually 50% plus stakeback
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Posted:
#6
Quote Originally Posted by BLINDFURY:
50% is the standard. Check out neverbeg.com and see for yourself. With over 14,000 members and hundreds of stakes going out everyday it should be ez 2 see, lol. My username is blindfury, look me up if your good I might stake U. and it's uasually 50% plus stakeback
LOL I appreciate the offer. But I can assure you the day I need to be staked is a long way away. Are you telling me that at neverbeg.com ( great name by the way I will be checking it out shortly) the percentage does not have any outside factors such as cash/tourney/ level of stakes, friend or not, known player or not, winning player or not, contract or one time deal etc etc? I would find that extraordinary. Gonna check it out now, and I will keep your screen name for if I am ever on the rail 
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Posted:
#7
Fury,
Pretty interesting site, however I disagree with the premise that 50% is standard. Look at it realistically you are putting someone in action who for wahatever reason does not have the resources to play. There are MANY MANY reasons this could be the case but the majority of the time it is because the person is on a very bad run or is not a winning player. With these being the primary factors doesn't 50% seem a little high to you? Also look at it from a buyer/seller perspective. If you as the person being staked are offered 35% what are you going to say? no I want to stay out of action? The web site you showed me seems interesting and to be candid I will look at it in detail tomorrow however you must admit that a person being staked rarely has a long list of backers waiting to jump in the water.
I would only stake 50% a proven player ( meaning I know they are good and have a solid rep) who either had huge outside poker expenses which severely depleted his bankroll or is on a terrible run despite being around for quite some time, or in very rare instances a guy who is stepping up in limits. The last example would be VERY VERY rare it would have to be a real good player and a really weak game. No need to let guys "step up and see if they belong" at my expense and then if they stumble just go back to their comfort level to earn $$ without me.
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Posted:
#11
yeah 50% is standard, half of the profit. You could do more or less depending on the situation, and if he is a friend that won't stiff you, they guy could go south with chips, or cash out everything when you are in the restroom, etc. I have staked guys, sometimes they have won big, usually not though. But a $500 win makes up for a lot of small losses
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Posted:
#12
I have a sad bad beat story with a stake, I put a friend in a 3-6 game for $60. He has JJ, and the board reads AA X X , the bad beat is $25K, Aces full of 10's or better beaten. The dealer rivers the case Ace, so my guy has AAAJJ, and another player has AK for the quads and all of the kickers play. Just when the dealer is turning over the river card, another player fires out a bet, he had pocket 9's which was an irrelevant hand and he really had no business being in the hand. The guys with the jackpot hands checked the turn. So the dealer had to re-do the river card and there was no jackpot. If the jackpot hits my guy wins $12.5 K and I get at least half of that.
I knew it wasn't my week, because a few days later, at a place with an $80 K jackpot, a guys throws away pocket 10's on the flop, with a flop of 9 T Q, all clubs, someone raised the pot to $6 and this moron folded, turn was the case 10. A guy flopped the nuts, a straight flush and slow played it, some asshole who had a straight raised it and cost everybody money. The idiot that threw his set away cost himself $40 K, table share was $5 K. These things are so hard to hit.
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Posted:
#14
First time I ever staked a guy was in vegas. I played a small toruney at the mirage, like 60 people either a 230 or 400 something buy in I forget if it was a weekend or weekday. Anyway I get to final table with good cards, solid play, nothing spectacular at all. This young guy across from me, in his 20's I am in my late 30's, is destroying the final table. Making great bluffs, great folds, great calls, EVERYTHING. So my strategy is to avoid him like the plague. I get to heads up with him, he knocked out all of the final table but one to this point. He has me like 5-1 chips. I am just going to try slow play and push ( he is aggressive) or race him. Anyway he beats me ( quickly) and I say to him I will buy lunch at the coffee shop. After discussing poker, his bankroll, how long he lived in vegas, etc etc I offer to stake him in bellagio tourney they run every day at I believe 2pm. I play the wynn tourney sometimes but never bellagio. He agrees tells me to meet him to register next day. I tell him dont be silly give him 1080 bucks to play. He won tourney for like 19k we split ( 50 50) the pool. I did not take the 1080 off the top, first time wins are hard to come by. I bought him in 2 other times later with no positive result. The reason I did not pursue a relationship with him was I felt he lacked gambling discipline in other parts of the vegas life, we all know what I mean. I could be wrong but that was my opinion. I still see him once in a while and say hello he plays cash almost exclusively.
) and I say to him I will buy lunch at the coffee shop. After discussing poker, his bankroll, how long he lived in vegas, etc etc I offer to stake him in bellagio tourney they run every day at I believe 2pm. I play the wynn tourney sometimes but never bellagio. He agrees tells me to meet him to register next day. I tell him dont be silly give him 1080 bucks to play. He won tourney for like 19k we split ( 50 50) the pool. I did not take the 1080 off the top, first time wins are hard to come by. I bought him in 2 other times later with no positive result. The reason I did not pursue a relationship with him was I felt he lacked gambling discipline in other parts of the vegas life, we all know what I mean. I could be wrong but that was my opinion. I still see him once in a while and say hello he plays cash almost exclusively.0
Posted:
#15
Quote Originally Posted by MrAdvantage:
SOME "old school "pros / con men have been known to sell like 400% of themselves and then rack-off there chips to another player for another fee, before making the $$. sad but true. Tred lightly in this business.
As someone who has been around poker rooms for close to 16 years you are very right. Some of the shadiest people I know hang out in card rooms. If you are backing a good friend thats one thing but stay away from these guys you meet in a poker room.
I have a good article from bloomberg i will post
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Posted:
#16
Top Poker Players Sometimes Short on Cash: Joe Saumarez-Smith
2008-01-14 00:06 (New York)
2008-01-14 00:06 (New York)
By Joe Saumarez-Smith
Jan. 14 (Bloomberg) -- The last time I was in Las Vegas, I
stood outside the card room at the Bellagio casino, waiting for
a friend to arrive. Along with a few other tourists I watched a
poker game just to pass the time.
After a few minutes, one of the biggest names in the game,
someone whose name you would recognize if you watched even a
small amount of televised poker, came and greeted me like a
long-lost friend.
This was somewhat odd. I had been introduced to him once, a
couple of years earlier. He asked if he could borrow $200
because he was running short. This is someone who runs through
tens of millions of dollars a year at the tables and for whom
$200 is pretty much a rounding error. I politely declined and he
went off to do a bit more ``nipping,'' as borrowing from fellow
players is commonly termed.
The other people standing around were astounded. Could this
player really have been asking for as little as $200? Surely it
was some kind of a joke. To spare the player's blushes I assured
them it was all done in jest but it set me pondering about how
little the general public understands the poker economy.
When watching ``High Stakes Poker'' or the World Series of
Poker on television it's easy to assume that all these people
with mountains of chips in front of them are millionaires and
living the American poker dream. The sad reality is that a
reasonable number of them are broke or, even worse, deep in debt
to their fellow players, banks and loan sharks.
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Posted:
#17
Financial Backers
It is something poker players do not like to advertise.
There are two good reasons for this. The first is that people
are less likely to lend you money if they already know you are
in hock.
The second is that the less money you have, the less likely
you are to play a confident game. If people know their opponents
are playing with their last dollars, they will be able to exert
far more pressure on them at the tables.
Des Wilson, the author of two books on poker, says players
privately admit that they have bad runs. ``If you're sitting
having a drink with them, most of them will acknowledge that at
some point they have gone broke and had to borrow money. But a
hell of a lot is not seen by anyone apart from the top
players.''
Many of the top players have financial backers or sell off
a share in their action each tournament, Wilson says. ``Then
there are players who will offer insurance deals to other
players, so they won't lose all their cash if they finish out of
the money.''
It is common for the household names of poker to find
outside backers, if only to reduce the volatility caused by
playing for tens of thousands of dollars a hand. When a bad run
for a couple of months can cost a couple of million dollars, it
is best to be playing partly with someone else's cash.
There are two good reasons for this. The first is that people
are less likely to lend you money if they already know you are
in hock.
The second is that the less money you have, the less likely
you are to play a confident game. If people know their opponents
are playing with their last dollars, they will be able to exert
far more pressure on them at the tables.
Des Wilson, the author of two books on poker, says players
privately admit that they have bad runs. ``If you're sitting
having a drink with them, most of them will acknowledge that at
some point they have gone broke and had to borrow money. But a
hell of a lot is not seen by anyone apart from the top
players.''
Many of the top players have financial backers or sell off
a share in their action each tournament, Wilson says. ``Then
there are players who will offer insurance deals to other
players, so they won't lose all their cash if they finish out of
the money.''
It is common for the household names of poker to find
outside backers, if only to reduce the volatility caused by
playing for tens of thousands of dollars a hand. When a bad run
for a couple of months can cost a couple of million dollars, it
is best to be playing partly with someone else's cash.
Sponsorships
The other most common form of funding is sponsorship by the
major online poker companies. They pay entry fees to the major
tournaments, flights and hotel accommodation. Without this
backing, several of the big players would have annual losses in
excess of $200,000 each.
Nolan Dalla, media director of the World Series of Poker,
and a former semiprofessional poker player and sports gambler,
says nobody should be surprised if the top players lose
everything. ``It is almost inevitable that if you play poker for
many years, then variance will catch up with you,'' Dalla says.
``The scale of players being backed to play is now much
bigger than it ever used to be,'' Dalla said. ``But you also
have to think that poker economy is only so big, and it does not
have enough money in it to sustain the number of players who
aspire to be professionals.''
major online poker companies. They pay entry fees to the major
tournaments, flights and hotel accommodation. Without this
backing, several of the big players would have annual losses in
excess of $200,000 each.
Nolan Dalla, media director of the World Series of Poker,
and a former semiprofessional poker player and sports gambler,
says nobody should be surprised if the top players lose
everything. ``It is almost inevitable that if you play poker for
many years, then variance will catch up with you,'' Dalla says.
``The scale of players being backed to play is now much
bigger than it ever used to be,'' Dalla said. ``But you also
have to think that poker economy is only so big, and it does not
have enough money in it to sustain the number of players who
aspire to be professionals.''
Poor Discipline
Don't feel too sorry for the big-name players. Wilson says
most are highly skilled but lack discipline. ``What they tend to
be bad at is either money management or other forms of gambling,
so they lose all the money they have won at poker at the craps
table or betting on sports.''
Of course not every top player is broke. Players such as
Phil Ivey, Doyle Brunson and Howard Lederer earn seven-figure
totals each year from playing poker. The very best will always
be able to make a living from the game.
But the ones who tend to shout the loudest about how well
they are doing tend, in my experience, to be the ones who
disappear from the poker circuit after a couple of years when
their funds run dry.
most are highly skilled but lack discipline. ``What they tend to
be bad at is either money management or other forms of gambling,
so they lose all the money they have won at poker at the craps
table or betting on sports.''
Of course not every top player is broke. Players such as
Phil Ivey, Doyle Brunson and Howard Lederer earn seven-figure
totals each year from playing poker. The very best will always
be able to make a living from the game.
But the ones who tend to shout the loudest about how well
they are doing tend, in my experience, to be the ones who
disappear from the poker circuit after a couple of years when
their funds run dry.
(Joe Saumarez-Smith is chief executive officer of Sports
Gaming, a U.K. management consulting firm to the gaming
industry. He also owns European online bingo companies and odds
comparison Web sites. The opinions expressed are his own.)
Gaming, a U.K. management consulting firm to the gaming
industry. He also owns European online bingo companies and odds
comparison Web sites. The opinions expressed are his own.)
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Posted:
#18
when I was in Vegas last month talked to these regulars at the Bellagio. It would amaze you how many of them are broke. Ivey, Lederer and Ferguson, are on a very short list of people who have the funds.
Think about the dollars these guys gamble and how much you need just to stay afloat. One bad run of 2 months will knock you dry.
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Posted:
#19
Quote Originally Posted by pezeveng:
when I was in Vegas last month talked to these regulars at the Bellagio. It would amaze you how many of them are broke. Ivey, Lederer and Ferguson, are on a very short list of people who have the funds.
Think about the dollars these guys gamble and how much you need just to stay afloat. One bad run of 2 months will knock you dry.
What you say about " a bad run of 2 months" is true, however the majority of them go broke because of other invesments AND most importantly other forms of gambling, sports betting, horses, table games etc ec
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Posted:
#20
After a few minutes, one of the biggest names in the game,
someone whose name you would recognize if you watched even a
small amount of televised poker, came and greeted me like a
long-lost friend.
This was somewhat odd. I had been introduced to him once, a
couple of years earlier. He asked if he could borrow $200
because he was running short.
someone whose name you would recognize if you watched even a
small amount of televised poker, came and greeted me like a
long-lost friend.
This was somewhat odd. I had been introduced to him once, a
couple of years earlier. He asked if he could borrow $200
because he was running short.
-- i bet it was TJ Cloutier
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Posted:
#21
Quote Originally Posted by quadducks1:
After a few minutes, one of the biggest names in the game,
someone whose name you would recognize if you watched even a
small amount of televised poker, came and greeted me like a
long-lost friend.
This was somewhat odd. I had been introduced to him once, a
couple of years earlier. He asked if he could borrow $200
because he was running short.
someone whose name you would recognize if you watched even a
small amount of televised poker, came and greeted me like a
long-lost friend.
This was somewhat odd. I had been introduced to him once, a
couple of years earlier. He asked if he could borrow $200
because he was running short.
-- i bet it was TJ Cloutier
As you know he is a fixture at the dice tables, hard to miss him he towers over it. I know a big tourney player who lost over 1.8 mil at bellagio playing bacarat in one night.
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Posted:
#23
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Hope to see you there, gl.
https://www.forum.rakereport.net/index.php?referredby=3062
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Posted:
#24
As for loaning money to people in a card room, I would say that 99.9% of the time the person won't ever pay you back. If it is a close friend that you have connections outside of the casino then they will probably pay you, but if it casual aquaintance then forget it. Fortunately it is only small amounts that I have been screwed out of, like $20, or if it's more then maybe it was a women that I wanted to get a BJ from or whatever. But people in a card room cannot pay back money, if they have money they are gonna go try and hit a score rather than pay someone back. Why these places are legal is beyond me.
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Posted:
#25
At www.parttimepoker.com staking goes on everyday. You can see what everyone has done, and if they don't pay back the stake they get ban. You odviously don't start off staking people for like 100.00. But if they work their way up, then they can be trusted. I'm running a 100.00 stake for someone rught now. Heres the link: https://forum.parttimepoker.com/showthread.php?t=238969
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