The whole process of issuing a talented player with a poker bankroll is gaining some steam as online poker reaches thousands of new players a week. Yet this is not a risk that can be taken by everyone. After all, the person laying the money on the line is taking a chance as the player has to invest no money of his/her own. However, those who have the courage and financial clout to take this risk could be rewarded handsomely.
Risk Management
Even if the player or players being staked are proven winners, a staking company must exercise caution when issuing a poker bankroll. Even the very best poker players experience long periods where nothing they do is right and heavy losses are the result. Although skilful players will always win more in the long run, poker is still a game of chance. This means a staking company cannot afford to pile most of their budget on a single player. Make sure you pick several different players to spread the risk. Investing in poker players is really like speculating on the stock market. Some days your investments will pay off, other days they will be a disaster.
This means that prudent poker bankroll management must be exercised. It is common practice to agree a certain daily allowance with each player. Analyze how much money you can afford to stake and the number of players who will receive the cash. Set the daily limit at a rate where you will be able to replenish the cash supply of each player at least a few times. There is no use only staking them for a day or two when the poker Gods are so fickle. Even great players need a certain period of time for their skills to bear fruit.
Research
Clearly, the internet is a place filled with charlatans and scammers so never take an applicant's words at face value. When given the opportunity to receive a free poker bankroll, most players will greatly exaggerate their skills. Make sure you do some research on sites like Poker Table Ratings which track the statistics of online players. This is a quick and easy way to verify an individual's story. It is also important to look at their previous betting history to make sure they are not suddenly increasing the stakes with your money.
Legal Matters
Draw up a tight contract which clearly outlines the terms and conditions of the poker bankroll. For example, you need to establish a daily/weekly/monthly limit as well as the split arrangement. This ensures that there is no confusion later with the player fully aware of their responsibilities as well as what they can hope to gain from the agreement. Not creating a contract leaves you open to all sorts of difficulties such as players who take liberties with your money.
There is no better feeling than seeing money come in from poker games you didn't even have to play. Offering a poker bankroll to capable players in order to generate a profit is becoming a popular investment. Those putting up the money would be well advised to control the amount they risk, research potential recruits and create a contract for players to sign.
If you'd like to know moare about poker bankroll and how to become a sponsored poker player then please visit http://www.pokersponsors.org/free-poker-bankroll/
Thursday 9 June 2011
Friday 20 May 2011
What Newcomers Must Know About Poker Staking
Poker staking is the act of putting up the cash for another player to take part in a tournament. After a certain period of time has elapsed, the player returns the money but receives an agree share of the winnings. This is usually carried out by companies who can limit their losses by analyzing a player’s ability during a specified trial period. A daily bankroll further ensures no major financial damage occurs and it guarantees discipline from the player who could earn thousands of dollars in a week or month.
The Internet Poker Phenomenon
Internet poker has grown exponentially as an ever-increasing number of players congregate online in the hope of winning big. Although the classic poker game, five card stud, is still hugely popular, it is Texas Hold ‘em that has really captured the imagination of players. They seek wealth by showcasing their skills online but may not be able to afford a game. This is where poker staking comes in. This usually involves an online company giving the requisite cash to interested parties who take part in tournaments. An agreement is then made which sorts out the main details such as the percentage of the profits taken by the company.
Trail Period
The vast majority of poker staking companies offer a trial period of less than a month to gauge a player’s skills. Clearly, it is necessary for them to ensure the player is capable of winning money. The company is able to track the player to see if they are playing responsibly. Staking companies realize that there is an element of luck involved and will accept losses based on this but will not tolerate irresponsible behavior from those being staked. Players who wildly throw the money around will have their account cancelled immediately. Those interested in applying to one of these companies need to be wary of how they operate. A legitimate poker staking company will never ask anyone to divulge bank account details for example.
Limiting Losses
Typically, the company and player will agree on a daily bankroll which limits the amount of money that can be staked. This amount will be reset every 24 hours. This is an ideal way to keep an individual tethered and ensures massive losses are not incurred. If a player agrees to a bankroll of $300 for example, they will not be allowed lose more than that in a day. However, if this stake increases to $500 for example, both parties share the $200 profit. The poker staking company then resets the bankroll to $300 once more and the player will hopefully continue to be successful.
As you can see, this can be a mutually beneficial pursuit if handled correctly by both parties. Players who have tremendous skills but cannot afford to use them for financial gain can benefit from the intervention of a poker staking company. With a trial period and no need to risk their own cash, millions of avid poker players all over the world are contacting staking companies looking for money to deal them in. Skillful players can earn a small fortune in a short period of time if they are patient and have experienced backers helping them along the way.
If you'd like to know moare about poker staking and how to become a sponsored poker player then please visit http://www.pokersponsors.org/poker-staking/
The Internet Poker Phenomenon
Internet poker has grown exponentially as an ever-increasing number of players congregate online in the hope of winning big. Although the classic poker game, five card stud, is still hugely popular, it is Texas Hold ‘em that has really captured the imagination of players. They seek wealth by showcasing their skills online but may not be able to afford a game. This is where poker staking comes in. This usually involves an online company giving the requisite cash to interested parties who take part in tournaments. An agreement is then made which sorts out the main details such as the percentage of the profits taken by the company.
Trail Period
The vast majority of poker staking companies offer a trial period of less than a month to gauge a player’s skills. Clearly, it is necessary for them to ensure the player is capable of winning money. The company is able to track the player to see if they are playing responsibly. Staking companies realize that there is an element of luck involved and will accept losses based on this but will not tolerate irresponsible behavior from those being staked. Players who wildly throw the money around will have their account cancelled immediately. Those interested in applying to one of these companies need to be wary of how they operate. A legitimate poker staking company will never ask anyone to divulge bank account details for example.
Limiting Losses
Typically, the company and player will agree on a daily bankroll which limits the amount of money that can be staked. This amount will be reset every 24 hours. This is an ideal way to keep an individual tethered and ensures massive losses are not incurred. If a player agrees to a bankroll of $300 for example, they will not be allowed lose more than that in a day. However, if this stake increases to $500 for example, both parties share the $200 profit. The poker staking company then resets the bankroll to $300 once more and the player will hopefully continue to be successful.
As you can see, this can be a mutually beneficial pursuit if handled correctly by both parties. Players who have tremendous skills but cannot afford to use them for financial gain can benefit from the intervention of a poker staking company. With a trial period and no need to risk their own cash, millions of avid poker players all over the world are contacting staking companies looking for money to deal them in. Skillful players can earn a small fortune in a short period of time if they are patient and have experienced backers helping them along the way.
If you'd like to know moare about poker staking and how to become a sponsored poker player then please visit http://www.pokersponsors.org/poker-staking/
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