NB- THIS BLOG COVERS ALL MY STAKING SO THERE MAY BE ISSUES WITH PARTS CONFLICTING WITH THE RULES OF PSO STAKING THREAD,SO PLEASE READ THOSE PSO RULES BEFORE YOU POST A PACKAGE OR BUY ANY ACTION WITHIN PSO STAKING FORUM.

 

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STAKING-IS IT FOR YOU?

 

Why I Stake & Who I Stake.

Hi , Who & Why really falls into to different camps.

(1) I stake some members , PSO/others I know, as a way of showing support to them or their efforts within the game or PSO,eg perhaps I have played or seen them playing well/often in a PSO Series Play $ chip game ,and are not able to self fund a shot in the Real $ tables.

I may just do it for fun.This doesnt mean I dont "test" the player against my "StakeRuleFomula" (SRF) but may stake if they "Fail" my test anyway.

So when I stake on this criteria it is with the thought I proberly will not get any $ return but will get a "social" return ,what ever that means

(2) I stake players to make $$$ ,I play poker because I love the game,but Im not a great player,Thanks to PSO and help from members and members of  AnzacPokerClub (homegames see forum) my game is getting stronger every week.But Im a break even player most weeks .Yet Im a profitable poker person & staking is the reason why.

I smart enough to know that others play better than me so I invest in them. The WHO bit of this section is a bit harder to answer and the true answer proberly is contain in this post overall but in short to get me to stake you you need at least the following.Or most parts of

*A proven record of  strong winnings in the target events

 *A strong ROI (Return On Investment)

*A History of being staked and paying/informing those involved of the                                                   outcome.

 *A history within forums such as PSO ,2Plus2,Pocket5's,and postings                                                 within these groups

 *Proof that the event be it live or online is legal for you to play .

  e.g I dont back players from USA playing on sites that are illegal for them                                           to play in USA,even If they have some "magic" way of playing or the sit                                                allows USA players ,illegally.(New legal State only sites are different here)

*No cash games involved ,it gets to messy trying to keep track.You may feel                                         different about this its your choice.

*No adverse posting about the player on forums e.g they owe $$ all round                                          town and dont seem to have a plan to pay.

 *I need to feel like I can trust them to play their best game on the day & I                                              need to trust them in general.Gut feelings here save you BIG $$$.

 

Now of course some of these rules are adjusted eg. may be no history within the BuyIn level as they are asking to be staked ,taking  a shot at a bigger event so you need to be flexible.But Im sure you get the point .All of these things 

 

HOW DO YOU GET STAKED?

Well if your reading this your proberly a member of PSO so its as easy as listing a package in the STAKING FORUM. But please ask yourself if you are ready first.Do you meet my rules ,or most, above ,have you been an active member of PSO or 2Plus2 ect ,can you show a solid track record recently.

Dont be the guy who is on a heater and doesnt ask for a stake and then when you hit a downswing expect everyone to jump in and carry you to you swing up again!!!

That is my pet hate .The best time to get into staking is when your winning ,it is a way to improve your BR management. The very Biggest & Best poker players are still staked after winning big events because it makes sense from a BR (BankRoll) point of view.

When listing a stake package KEEP IT SIMPLE .

Dont have a whole lot of splits/conditions/and ifs . It puts people off

Dont get greedy asking for mark-up unless you can show your worth it ,most new Horses(the people being staked) cant.

Provide links to skarkscope or other Data sites so people can see what your games is about.

Dont leave it up to me to go searching if possible because Im proberly going with the Horse that makes the info easy to find over a person thats hasnt.

If its your first time DONT make package to big or costly ,this is where PSO & the Micro games at PokerStars are great to start your staking life.

IF YOU GET BACKED

*play your normal game ,DONT become the biggest NIT because your worried about the investors $.We trust you thats why we backed you

*Do what you say you were going to do .Play the events listed and pay if you win ,pay promptly I like that

*Keep the backers informed.In the breaks post an update inthe forums or TWITTER is great for this ,you can also BOOM hands on twitter.

*Post your Bustout hands   at the end,you must if PSO stake.Do it asap is my advice .                                                

 

A COUPLE OR OTHER THOUGHTS

(1) I never invest more than 5-10% of my BR in a single horse ,spread your risk.

(2) I dont invest in cash unless its live and Im there,because it gets messy,eg.who tips the dealer,who pays for lunch. ect

(3) It your not clear no matter if staking or being staked ask questions and get anything in writing if you think it may be an issue later.

(4) If in doubt DONT DO IT ! if it feels bad  get out !

(5) If being staked dont give/sell to much action ,NEVER more than 50% unless a very good reason eg high BI event .Its got to be worth the Horses time to play .If they are left with 10% of themselves they may not give it 100% !

(6)Make sure the Horse hasnt by accident or on purpose sold over 100% of himselves,yes it happens ask around and check the amounts.There was a infamous well know live vegas player who regularly sold 200-300% of his action then spewed off and walked with the profit !

(7) ITM is Vanity ROI is Sanity ,think about that ,it is my NUMBER 1 Rule when looking at a players results.

( If it looks to good to be true ,it proberly is. silly returns on offer, huge win claims of results with no proof ect smell like a rat ,dont walk away RUN.

 

Thats it hope it helps ,look forward to your comments

Stay Safe & Good Luck With Staking

Regards

brettnz

@LostInPoker