Poker Stakes Explained
2021年3月21日Register here: http://gg.gg/orwjl
Tournaments are popular. Other than High Stakes Poker, all that’s shown on TV is MTTs.
*Poker Stakes Explained Chart
*Poker Stakes Explained Diagram
*Poker Stake Crossword
*How To Play High Stakes Poker
*Poker Stakes Explained Rules
Which poker stats are most important? Our poker HUD software offers a large amount of statistics. Our coaches have logged thousands and thousands of hours of coaching. They play and beat the games they coach. You’ll be given specific, direct advice on where you can improve every session, with follow up to ensure you’re properly applying the concepts you learn. Poker can be played socially for pennies or matchsticks, or professionally for thousands of dollars. There is plenty of luck in Poker, but the game requires incredibly great skill as well, and each player is the master of his own fate. The standard 52-card pack, sometimes with. Poker Betting Explained. Bet on Poker, your way. Poker on the Betfair Exchange lets you set the odds yourself on over 1 Poker events. Bet on top markets like: High-Stakes Grudge Match.Choose from over 1 Poker competitions, and place a Poker bet, either for an outcome (to Back) or against it (to Lay).
We think what makes tournaments sexy are the large prize pools. People like seeing people play for hundreds of thousands and millions of dollars. And you don’t get that that often with cash games.
It happens often with tournaments, though.
Of course, it depends on the buy-in and game, but many of the events shown on TV are the large ones with a $5,000, $10,000 or even $100,000 buy-in. These tourneys create prize pools that often reach the 7-figure mark. And that creates a lot of buzz.
So, naturally, a lot of people are curious about tournaments.
*What are they?
*How do you get started?
*Where do you play?
*What can you play?
We thought it’d make sense to create a page that answers those questions – and many others.
A poker tournament is a game with a fixed format. Everything is predetermined – the blinds, buy-in, stack sizes, antes, structure and time limit.
The buy-in can vary from free (freerolls) to .05 to $20 to $100,000. There’s always a cut for the poker room, too, which is easier to see online. Most tournaments will be labeled $X+$Y where X goes to the prize pool and Y is the amount the poker room gets.
Once you’re entered you’ll want to log in or show up when the tournament is supposed to start. For sit and go’s (SNGs), that can be whenever, as they start whenever the tables are full. But for MTTs it’s a set time and place. If you’re online the poker room will automatically seat you (randomly) at a table.
From there you’ll have a stack of chips to play with. You’ll have the same amount as everyone else, unless the tournament offers re-buys and add-ons. Then the tournament will start.
A tournament will play very much like a cash game. Once every one posts their blinds, antes, etc., each player is dealt their cards. Then they play according to that game’s and variation’s rules.
But unlike cash games, tournaments have levels. Each level will be a predetermined length – it can be 1 minute, 5 minutes, 10 minutes, 1 hour, and so on. Each tourney will be different. But after the time’s up, when the next level starts the blinds will be higher.
For example, in a turbo 18-man on PokerStars, the blinds start at 10/20. After 5 minutes they go to 15/30, then 25/50, 50/100, and so on.
This is important to pay attention to, because if you don’t continue to add chips to your stack, eventually the blinds will be large enough that you’ll be blinded out. Then your tournament is over.
The tournament continues like this until one player remains with all the chips in play.
Players are then paid according to the structure set from the beginning – although this does change a little in the beginning if the tournament allows late registrations (players can sign up and pay to play after the tourney starts).
The number of players paid will depend on the number of players in the tournament. SNGs are always fixed. For example, in a 9-10 man SNG 3 players are paid. In an 18-man SNG four players are paid. It’s seven in a 45-man and 9 in an 180-man. It just depends on the tourney.
When you play online any money you win will be put into your account balance automatically. We think some sites reserve the right to pay the next day on larger tournaments and payouts, but none that do this come to mind.
And that’s basically a tournament and how it works in a nutshell.
You’ll find tournaments online, in live casinos (not all are major “events” either), and even played in homes. They’re a great way to get LOTS of entertainment and value out of a fixed amount of money.What Types of Tournaments Can You Play?
There are LOTS of tournaments you can play. The most popular game played is Texas holdem.
But since the “poker boom” more and more games are played in tournament form. And that includes both online and live (and shown on TV too).
That means you can play games like omaha, stud, razz, HORSE, other mixed games, and others, in tournament format. No limit is obviously the popular betting limit, but depending on the game, limit and pot limit is used, too.
And, as we mentioned earlier, stakes vary wildly. Online you’ll find stakes starting from free to .05 to around $500. There are some larger ones (including SNGs), but that’s where the bulk of tournaments fall. The Sunday Majors (the biggest tourneys of the week online) usually fall between $200 and $500.
Offline, you’ll find many tourneys starting at $20 to $500. It just depends on the room. But for the larger “events” they’ll start around $500 or $1,500, and then climb from there.
Other than the game and stakes, one other choice you’ll have to make is the type of tournament you’ll play. There are LOTS of them.
Here are the most common options:
*Freezeout – Most tourneys fall into this category. Once you bust you’re out of the tourney.
*Rebuy – Like a freezeout, except that for a short period (usually the first couple of levels) you can buy into the tourney again when you bust.
*Turbo / Super Turbo – The levels are much faster. Instead of 20+ minutes, they’re something like 3-10 minutes. This requires a big change in strategy. And the faster the blinds the more luck that’s involved.
*Guarantee – This is any tournament where a prize pool is guaranteed, no matter how many players show up. This is great because if the players don’t make up the prize pool, the room will. This is called an overlay.
*Satellite – These are tournaments where the prize are seats to a more expensive/higher value tournament.
For example, several years ago we played a 5-table shootout for $15 that awarded a few seats to the Sunday Million, which you could buy into directly for $215.
Another good example is Chris Moneymaker – he won a $40 satellite to a higher dollar satellite, which then awarded him a seat to the WSOP Main Event which has a $10,000 buy-in.
Here are the most common options:
*Bounty/Knockout – In these tournaments you pay a little extra. That little extra goes to a “bounty” which is paid whenever you or someone else knocks a player out of the tournament. For example, if there’s a $5 bounty on each player’s head, and someone knocked you out, they’d get your $5 chip.
*SNGs – We mentioned these a bit already, but these are smaller tournaments with fixed fields that start once all the seats have been filled. These are great to play between tournaments or as a variance buster.
*Deep Stacks – You start with a deep(er) stack than normal. Instead of 1,500 chips it might be 3,000. Or instead of 5,000 you might start with 10,000 or 20,000.
*Shootouts – With these each table plays until there’s one player left. Then all these players play a final table. For example, in a 5-table shootout, the winner from each table would play a 5-handed final table for the prize(s).
*Steps – This is common online. It’s sort of like a satellite tournament, but broken down even more. You might have 6 steps, starting from the lowest stakes (
For example, you buy in directly to step 4, and if you win, you get to play step 5. Once you get to the last level the prize is usually a seat to a higher value tourney.
The great thing about these is if you lose, often times you get to play the step over or move down a step depending on where you finished. Even if you win nothing you get LOTS of value out of these.
Those are the most common tournament variations. But depending on where you play you’ll find other variations.
One unique thing about poker tournaments is you’ll find many events and series to join.
A series is simply a set number of tournaments hosted by a poker site or venue. They’ll have higher buy in tourneys, satellites to all the series tourneys, and maybe give out jewelry to the winners.
Here are the major tournament series in both online and live poker.World Series of Poker (WSOP)50+ events with a bracelet and money going to the winner. Played in Las Vegas once per year starting in May/June. The Main Event final table plays in November.World Poker Tour (WPT)Similar to the WSOP. Played throughout the year. The winner of each tourney gets a bracelet.Spring Championship of Online Poker (SCOOP)One of PokerStars’ online series.World Championship of Online Poker (WCOOP)Another PokerStars’ series. Played in the fall.Aussie MillionsA smaller event held in Australia. Known for having some of the highest buy-ins in history.European Poker TourOwned and sponsored by the Rational Group (previous owner of PokerStars). Similar to the WPT, but held in different venues throughout Europe.
Those are the major events which are held once or twice per year. But you also have the Sunday Majors which are held once per week.
We say this as if you’ll find a major tournament series every Sunday at every poker site online. But that’s not really the case. PokerStars really has a monopoly on this. Right now they have 12 events running every Sunday with buy-ins ranging from $1+re-buys to $11 to $530 – and satellites running to all of them. Guaranteed prize pools for each event vary from $25,000 to $1,000,000.
Many sites run a (much) smaller version of PokerStars’ Sunday Majors. Sometimes they’ll host several larger tournaments throughout the week instead of all in one day. It just depends on the site.How to Choose a Tournament to Play
Choosing a site to join for tournaments can be tricky. You could go a few different ways.
For example, you could join a new site where they’ll have smaller guaranteed tournaments. These often have overlays. You’ll have less players to fight through for the same prize pool.
However, these tournaments don’t get very big. And there’s not very many of them offered. On top of that, many sites have shut down tourneys when too few players show up instead of honoring the guarantee.
We prefer to go the other way. Look for sites that are established with lots of traffic and tournaments. We believe there’s more value in that. Not only will tournaments run more often, but there will be tournaments of all shapes and sizes. Tournaments with different games, variations, buy-ins, and blind levels/structures.
We would also look for a poker site that offers lots of live/online satellites. Often times the competition for the higher dollar buy-ins isn’t much greater than the lower stakes – it’s just a matter of who can afford it. Satellites give you a way to afford it.
From there choosing a tournament is rather straightforward. You want to choose a game and variation that you like and/or are good at. You might want to look at the blinds too, to make sure you choose a speed (normal to fast) you like and the structure jumps up in blinds at a comfortable pace. But we don’t think most players need to worry about stuff like that.
They should just find a game and get signed up instead.Conclusion: Get More Out of Your $5 Than Just a Latte
There you have it – an overview of poker tournaments, how they work, and different types of tourneys you can play.
From here it’s a matter of choosing a game and getting started. If it were us, we’d choose a $5 or $10 turbo MTT with a starting stack of 1,500 and 3,000. Maybe find one that offers bounties – which can be lots of fun.
WAY more fun than you’ll get out of your $5 latte from Starbucks.Our Most Recommended Poker Sites for Sit & Go’sPoker SiteUSA?BonusRegisterReview#1YES$1000Sign UpBetOnline Review#2YES$1000Sign UpSportsBetting.ag Poker Review
For one reason or another you might decide that you want to be backed to play poker and are looking for ways on how to find a poker stake to accomplish that goal. Some players do it because they have no money, but a ton of drive to study the game and get better. Others do it so they can move up faster, receive free coaching and/or because they don’t feel comfortable playing on their own dime.
Whatever the reason, you should have no problem finding someone willing to stake you, provided that you’re not a known scammer. Even players that have little history and positive results can find someone willing to invest in them, provided that they can show that they have references and are willing to work hard. I’ll show you exactly how below.Poker Stakes Explained Chart
Note: Most of the advice here applies to being backed to playing online, just because that’s all I know. That said, many guys that play live are backed on forums such as Part Time Poker. So if you want to find backers for live tournament (or even cash) action, that might be your “in.”Find Coaching or Online Poker Sites That Offer Stakes
If you take a look around the internet, you’ll find that there are still some sites that offer coaching / staking arrangements. The two that I found (that I would trust) still available include:
*PPI Poker – CLOSED! This is my #1 option if you’re looking to either get staked or to find yourself a stable of horses to stake yourself for long-term profit. This site actually offers 35% INSTANT RAKEBACK and you get access to one of the more sophisticated poker staking platforms out there in the industry.
*SNG Mentors – These guys coached my first coach back when he was new. He used to coach for them too, but due to Black Friday and other arrangements he’s not there anymore. But there are still some solid coaches available.
*Team Moshman – This program is led by Collin Moshman, the guy who wrote Sit n Go Strategy, Heads Up No Limit & The Math of Holdem.
Keep in mind that if you want to go with one of these programs, you should already have a small (winning) sample size and can prove that you can put in volume. Volume is very important for these guys, especially if you’re barely profitable as it’s the only way to make up for the time they spend coaching you (which will come with the staking deals).How to Find a Poker Stake in Forums
The easiest way to find a staking opportunity is to visit a forum such as Part Time Poker or 2+2. There are several options within these forums for finding stakes:
*Coaching – Many players that offer coaching also provide staking. Be sure to read their thread first to make sure they do before applying – not all coaches are able to, or are interested in staking players.Poker Stakes Explained Diagram
*Setup a BAP – A BAP is also known as “buy a piece.” With BAPs, what you do is setup a proposal for other investors. You include what games you want to play, how many you expect to play, how long it should take you, the bankroll you’re looking for and the cuts you’re offering. Interested investors will then buy pieces of your action.
*Make a Deal – Make a Deals, or MADs, are staking opportunities setup by investors looking for horses. What they (usually) do is offer so many bankrolls for specific games and cuts. This is a great opportunities for you to cut your teeth and build reputation in the forums which will help you get bigger and better staking opportunities in the future.
Be sure to read all the fine print, rules, guidelines, etc, etc, because these forums are pretty strict on the rules they have in place. You also don’t want to give off a bad first impression because you couldn’t follow simple guidelines. Think of this almost like a job interview.Finding Stakes Simply By Word of Mouth
Another way to find staking opportunities is by word of mouth. That’s how I got my staking deal. I was friends with someone who was giving me some free coaching here and there who was being coached/staked by an even better player.
I sent the coach/staker some of my hand histories and we took it from there. I quickly had a $300 bankroll for the $3/18-mans, and a month or so later I was at the $6s and then a couple months later the $16s.
One word of caution – try to do some due diligence before agreeing to a stake with someone. You want to be sure they’re good people. Getting involved with bad people while owing them money isn’t +EV.Poker Stake CrosswordTypes of Staking Deals
Usually staking deals will fall under one of two categories:
*Short term (individual) stakes such as BAPs and MADs.
*Long term stakes with stables / coaches.
I’ve already explained buy a pieces and make a deals above. So let me give you some insights on what to expect and look for when considering a long term deal.
First and foremost, you will be expected to play anywhere from 5-20k+ games. Depending on your monthly volume, that can take you 6-12 months, possibly as long as 2 years.
When coming to an agreement, be sure that you request that cuts can be negotiated on a case-by-case basis and that if there is coaching involved, how much you should get and how often. I can tell you from first hand experience that you don’t want to expect coaching and then hardly ever get it, especially since your cut is reflected for some of the coach’s time.
Be sure to get everything in writing, too, and that all parties involved sign the agreement. Oh, and don’t forget to add a buy-out clause. A buy-out clause is an agreement that lets you out of your deal for a price – usually an amount per game by the number of games you have left to play. For example, say you average $1 per game. Your buy-out clause might be $.50 per game. So if you have $1,000 games left, you can buy yourself out of the agreement for $500.
Last thing – ask as many questions as needed. Don’t jump into a long-term staking deal unless you’re fully aware and prepared.How To Play High Stakes PokerHow to Improve Your Chances of Being StakedPoker Stakes Explained Rules
You might face challenges in finding someone to back you. So here are some things you can do to improve your chances. Keep in mind that not all tips will apply to all kinds of staking arrangements or situations.
*Build a positive reputation in the forum you’re trying to get staked in.
*Provide a list of references.
*Wait until you have a sample size of 500 or 1,000 games with a positive ROI.
*Offer to take a smaller cut.
*Find a coach if the staking agreement you want doesn’t offer it. Be sure to let the investors know.
*Don’t lie
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Tournaments are popular. Other than High Stakes Poker, all that’s shown on TV is MTTs.
*Poker Stakes Explained Chart
*Poker Stakes Explained Diagram
*Poker Stake Crossword
*How To Play High Stakes Poker
*Poker Stakes Explained Rules
Which poker stats are most important? Our poker HUD software offers a large amount of statistics. Our coaches have logged thousands and thousands of hours of coaching. They play and beat the games they coach. You’ll be given specific, direct advice on where you can improve every session, with follow up to ensure you’re properly applying the concepts you learn. Poker can be played socially for pennies or matchsticks, or professionally for thousands of dollars. There is plenty of luck in Poker, but the game requires incredibly great skill as well, and each player is the master of his own fate. The standard 52-card pack, sometimes with. Poker Betting Explained. Bet on Poker, your way. Poker on the Betfair Exchange lets you set the odds yourself on over 1 Poker events. Bet on top markets like: High-Stakes Grudge Match.Choose from over 1 Poker competitions, and place a Poker bet, either for an outcome (to Back) or against it (to Lay).
We think what makes tournaments sexy are the large prize pools. People like seeing people play for hundreds of thousands and millions of dollars. And you don’t get that that often with cash games.
It happens often with tournaments, though.
Of course, it depends on the buy-in and game, but many of the events shown on TV are the large ones with a $5,000, $10,000 or even $100,000 buy-in. These tourneys create prize pools that often reach the 7-figure mark. And that creates a lot of buzz.
So, naturally, a lot of people are curious about tournaments.
*What are they?
*How do you get started?
*Where do you play?
*What can you play?
We thought it’d make sense to create a page that answers those questions – and many others.
A poker tournament is a game with a fixed format. Everything is predetermined – the blinds, buy-in, stack sizes, antes, structure and time limit.
The buy-in can vary from free (freerolls) to .05 to $20 to $100,000. There’s always a cut for the poker room, too, which is easier to see online. Most tournaments will be labeled $X+$Y where X goes to the prize pool and Y is the amount the poker room gets.
Once you’re entered you’ll want to log in or show up when the tournament is supposed to start. For sit and go’s (SNGs), that can be whenever, as they start whenever the tables are full. But for MTTs it’s a set time and place. If you’re online the poker room will automatically seat you (randomly) at a table.
From there you’ll have a stack of chips to play with. You’ll have the same amount as everyone else, unless the tournament offers re-buys and add-ons. Then the tournament will start.
A tournament will play very much like a cash game. Once every one posts their blinds, antes, etc., each player is dealt their cards. Then they play according to that game’s and variation’s rules.
But unlike cash games, tournaments have levels. Each level will be a predetermined length – it can be 1 minute, 5 minutes, 10 minutes, 1 hour, and so on. Each tourney will be different. But after the time’s up, when the next level starts the blinds will be higher.
For example, in a turbo 18-man on PokerStars, the blinds start at 10/20. After 5 minutes they go to 15/30, then 25/50, 50/100, and so on.
This is important to pay attention to, because if you don’t continue to add chips to your stack, eventually the blinds will be large enough that you’ll be blinded out. Then your tournament is over.
The tournament continues like this until one player remains with all the chips in play.
Players are then paid according to the structure set from the beginning – although this does change a little in the beginning if the tournament allows late registrations (players can sign up and pay to play after the tourney starts).
The number of players paid will depend on the number of players in the tournament. SNGs are always fixed. For example, in a 9-10 man SNG 3 players are paid. In an 18-man SNG four players are paid. It’s seven in a 45-man and 9 in an 180-man. It just depends on the tourney.
When you play online any money you win will be put into your account balance automatically. We think some sites reserve the right to pay the next day on larger tournaments and payouts, but none that do this come to mind.
And that’s basically a tournament and how it works in a nutshell.
You’ll find tournaments online, in live casinos (not all are major “events” either), and even played in homes. They’re a great way to get LOTS of entertainment and value out of a fixed amount of money.What Types of Tournaments Can You Play?
There are LOTS of tournaments you can play. The most popular game played is Texas holdem.
But since the “poker boom” more and more games are played in tournament form. And that includes both online and live (and shown on TV too).
That means you can play games like omaha, stud, razz, HORSE, other mixed games, and others, in tournament format. No limit is obviously the popular betting limit, but depending on the game, limit and pot limit is used, too.
And, as we mentioned earlier, stakes vary wildly. Online you’ll find stakes starting from free to .05 to around $500. There are some larger ones (including SNGs), but that’s where the bulk of tournaments fall. The Sunday Majors (the biggest tourneys of the week online) usually fall between $200 and $500.
Offline, you’ll find many tourneys starting at $20 to $500. It just depends on the room. But for the larger “events” they’ll start around $500 or $1,500, and then climb from there.
Other than the game and stakes, one other choice you’ll have to make is the type of tournament you’ll play. There are LOTS of them.
Here are the most common options:
*Freezeout – Most tourneys fall into this category. Once you bust you’re out of the tourney.
*Rebuy – Like a freezeout, except that for a short period (usually the first couple of levels) you can buy into the tourney again when you bust.
*Turbo / Super Turbo – The levels are much faster. Instead of 20+ minutes, they’re something like 3-10 minutes. This requires a big change in strategy. And the faster the blinds the more luck that’s involved.
*Guarantee – This is any tournament where a prize pool is guaranteed, no matter how many players show up. This is great because if the players don’t make up the prize pool, the room will. This is called an overlay.
*Satellite – These are tournaments where the prize are seats to a more expensive/higher value tournament.
For example, several years ago we played a 5-table shootout for $15 that awarded a few seats to the Sunday Million, which you could buy into directly for $215.
Another good example is Chris Moneymaker – he won a $40 satellite to a higher dollar satellite, which then awarded him a seat to the WSOP Main Event which has a $10,000 buy-in.
Here are the most common options:
*Bounty/Knockout – In these tournaments you pay a little extra. That little extra goes to a “bounty” which is paid whenever you or someone else knocks a player out of the tournament. For example, if there’s a $5 bounty on each player’s head, and someone knocked you out, they’d get your $5 chip.
*SNGs – We mentioned these a bit already, but these are smaller tournaments with fixed fields that start once all the seats have been filled. These are great to play between tournaments or as a variance buster.
*Deep Stacks – You start with a deep(er) stack than normal. Instead of 1,500 chips it might be 3,000. Or instead of 5,000 you might start with 10,000 or 20,000.
*Shootouts – With these each table plays until there’s one player left. Then all these players play a final table. For example, in a 5-table shootout, the winner from each table would play a 5-handed final table for the prize(s).
*Steps – This is common online. It’s sort of like a satellite tournament, but broken down even more. You might have 6 steps, starting from the lowest stakes (
For example, you buy in directly to step 4, and if you win, you get to play step 5. Once you get to the last level the prize is usually a seat to a higher value tourney.
The great thing about these is if you lose, often times you get to play the step over or move down a step depending on where you finished. Even if you win nothing you get LOTS of value out of these.
Those are the most common tournament variations. But depending on where you play you’ll find other variations.
One unique thing about poker tournaments is you’ll find many events and series to join.
A series is simply a set number of tournaments hosted by a poker site or venue. They’ll have higher buy in tourneys, satellites to all the series tourneys, and maybe give out jewelry to the winners.
Here are the major tournament series in both online and live poker.World Series of Poker (WSOP)50+ events with a bracelet and money going to the winner. Played in Las Vegas once per year starting in May/June. The Main Event final table plays in November.World Poker Tour (WPT)Similar to the WSOP. Played throughout the year. The winner of each tourney gets a bracelet.Spring Championship of Online Poker (SCOOP)One of PokerStars’ online series.World Championship of Online Poker (WCOOP)Another PokerStars’ series. Played in the fall.Aussie MillionsA smaller event held in Australia. Known for having some of the highest buy-ins in history.European Poker TourOwned and sponsored by the Rational Group (previous owner of PokerStars). Similar to the WPT, but held in different venues throughout Europe.
Those are the major events which are held once or twice per year. But you also have the Sunday Majors which are held once per week.
We say this as if you’ll find a major tournament series every Sunday at every poker site online. But that’s not really the case. PokerStars really has a monopoly on this. Right now they have 12 events running every Sunday with buy-ins ranging from $1+re-buys to $11 to $530 – and satellites running to all of them. Guaranteed prize pools for each event vary from $25,000 to $1,000,000.
Many sites run a (much) smaller version of PokerStars’ Sunday Majors. Sometimes they’ll host several larger tournaments throughout the week instead of all in one day. It just depends on the site.How to Choose a Tournament to Play
Choosing a site to join for tournaments can be tricky. You could go a few different ways.
For example, you could join a new site where they’ll have smaller guaranteed tournaments. These often have overlays. You’ll have less players to fight through for the same prize pool.
However, these tournaments don’t get very big. And there’s not very many of them offered. On top of that, many sites have shut down tourneys when too few players show up instead of honoring the guarantee.
We prefer to go the other way. Look for sites that are established with lots of traffic and tournaments. We believe there’s more value in that. Not only will tournaments run more often, but there will be tournaments of all shapes and sizes. Tournaments with different games, variations, buy-ins, and blind levels/structures.
We would also look for a poker site that offers lots of live/online satellites. Often times the competition for the higher dollar buy-ins isn’t much greater than the lower stakes – it’s just a matter of who can afford it. Satellites give you a way to afford it.
From there choosing a tournament is rather straightforward. You want to choose a game and variation that you like and/or are good at. You might want to look at the blinds too, to make sure you choose a speed (normal to fast) you like and the structure jumps up in blinds at a comfortable pace. But we don’t think most players need to worry about stuff like that.
They should just find a game and get signed up instead.Conclusion: Get More Out of Your $5 Than Just a Latte
There you have it – an overview of poker tournaments, how they work, and different types of tourneys you can play.
From here it’s a matter of choosing a game and getting started. If it were us, we’d choose a $5 or $10 turbo MTT with a starting stack of 1,500 and 3,000. Maybe find one that offers bounties – which can be lots of fun.
WAY more fun than you’ll get out of your $5 latte from Starbucks.Our Most Recommended Poker Sites for Sit & Go’sPoker SiteUSA?BonusRegisterReview#1YES$1000Sign UpBetOnline Review#2YES$1000Sign UpSportsBetting.ag Poker Review
For one reason or another you might decide that you want to be backed to play poker and are looking for ways on how to find a poker stake to accomplish that goal. Some players do it because they have no money, but a ton of drive to study the game and get better. Others do it so they can move up faster, receive free coaching and/or because they don’t feel comfortable playing on their own dime.
Whatever the reason, you should have no problem finding someone willing to stake you, provided that you’re not a known scammer. Even players that have little history and positive results can find someone willing to invest in them, provided that they can show that they have references and are willing to work hard. I’ll show you exactly how below.Poker Stakes Explained Chart
Note: Most of the advice here applies to being backed to playing online, just because that’s all I know. That said, many guys that play live are backed on forums such as Part Time Poker. So if you want to find backers for live tournament (or even cash) action, that might be your “in.”Find Coaching or Online Poker Sites That Offer Stakes
If you take a look around the internet, you’ll find that there are still some sites that offer coaching / staking arrangements. The two that I found (that I would trust) still available include:
*PPI Poker – CLOSED! This is my #1 option if you’re looking to either get staked or to find yourself a stable of horses to stake yourself for long-term profit. This site actually offers 35% INSTANT RAKEBACK and you get access to one of the more sophisticated poker staking platforms out there in the industry.
*SNG Mentors – These guys coached my first coach back when he was new. He used to coach for them too, but due to Black Friday and other arrangements he’s not there anymore. But there are still some solid coaches available.
*Team Moshman – This program is led by Collin Moshman, the guy who wrote Sit n Go Strategy, Heads Up No Limit & The Math of Holdem.
Keep in mind that if you want to go with one of these programs, you should already have a small (winning) sample size and can prove that you can put in volume. Volume is very important for these guys, especially if you’re barely profitable as it’s the only way to make up for the time they spend coaching you (which will come with the staking deals).How to Find a Poker Stake in Forums
The easiest way to find a staking opportunity is to visit a forum such as Part Time Poker or 2+2. There are several options within these forums for finding stakes:
*Coaching – Many players that offer coaching also provide staking. Be sure to read their thread first to make sure they do before applying – not all coaches are able to, or are interested in staking players.Poker Stakes Explained Diagram
*Setup a BAP – A BAP is also known as “buy a piece.” With BAPs, what you do is setup a proposal for other investors. You include what games you want to play, how many you expect to play, how long it should take you, the bankroll you’re looking for and the cuts you’re offering. Interested investors will then buy pieces of your action.
*Make a Deal – Make a Deals, or MADs, are staking opportunities setup by investors looking for horses. What they (usually) do is offer so many bankrolls for specific games and cuts. This is a great opportunities for you to cut your teeth and build reputation in the forums which will help you get bigger and better staking opportunities in the future.
Be sure to read all the fine print, rules, guidelines, etc, etc, because these forums are pretty strict on the rules they have in place. You also don’t want to give off a bad first impression because you couldn’t follow simple guidelines. Think of this almost like a job interview.Finding Stakes Simply By Word of Mouth
Another way to find staking opportunities is by word of mouth. That’s how I got my staking deal. I was friends with someone who was giving me some free coaching here and there who was being coached/staked by an even better player.
I sent the coach/staker some of my hand histories and we took it from there. I quickly had a $300 bankroll for the $3/18-mans, and a month or so later I was at the $6s and then a couple months later the $16s.
One word of caution – try to do some due diligence before agreeing to a stake with someone. You want to be sure they’re good people. Getting involved with bad people while owing them money isn’t +EV.Poker Stake CrosswordTypes of Staking Deals
Usually staking deals will fall under one of two categories:
*Short term (individual) stakes such as BAPs and MADs.
*Long term stakes with stables / coaches.
I’ve already explained buy a pieces and make a deals above. So let me give you some insights on what to expect and look for when considering a long term deal.
First and foremost, you will be expected to play anywhere from 5-20k+ games. Depending on your monthly volume, that can take you 6-12 months, possibly as long as 2 years.
When coming to an agreement, be sure that you request that cuts can be negotiated on a case-by-case basis and that if there is coaching involved, how much you should get and how often. I can tell you from first hand experience that you don’t want to expect coaching and then hardly ever get it, especially since your cut is reflected for some of the coach’s time.
Be sure to get everything in writing, too, and that all parties involved sign the agreement. Oh, and don’t forget to add a buy-out clause. A buy-out clause is an agreement that lets you out of your deal for a price – usually an amount per game by the number of games you have left to play. For example, say you average $1 per game. Your buy-out clause might be $.50 per game. So if you have $1,000 games left, you can buy yourself out of the agreement for $500.
Last thing – ask as many questions as needed. Don’t jump into a long-term staking deal unless you’re fully aware and prepared.How To Play High Stakes PokerHow to Improve Your Chances of Being StakedPoker Stakes Explained Rules
You might face challenges in finding someone to back you. So here are some things you can do to improve your chances. Keep in mind that not all tips will apply to all kinds of staking arrangements or situations.
*Build a positive reputation in the forum you’re trying to get staked in.
*Provide a list of references.
*Wait until you have a sample size of 500 or 1,000 games with a positive ROI.
*Offer to take a smaller cut.
*Find a coach if the staking agreement you want doesn’t offer it. Be sure to let the investors know.
*Don’t lie
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