Originally Posted by jj179
Has any legit 2+2er been staked based on a straight application? Although the site looks good it appears that nobody has come back to post feedback.
If this was as it says and you stake 'everyone' it seems like a big losing proposition, after all what is it, like 94% of players lose longterm? I think there must be a bit more to it, and that nobody actually gets any $ before playing the 50k hands.
Also, a 5-buyin stop loss seems pretty lol to me.
A straight question deserves a straight answer. It is true that we stake all players that generates 50k hands. The reason is that the players that actually reach 50k hands are determined that they want to invest their time, effort and money into poker. Then we are willing to turn their game into a profitable one. We only sponsor players on a long term basis (in this business 1 year).
Our education program is very good and we will turn a slightly loosing player into a profitable one within 3 months. In a short term basis maybe we loose but in a long term we have so far always won.
The stop loss limit is to prevent our players from loosing streaks and focus on the winning ones. Stop loss means that the player has to review the hands together with his personal poker coach or our poker manager and wait for an answer before he can continue. It doesnt mean that he cannot play more for the day. Another reason for this is that our players have "real bankrolls" in comparison to other staking companies who only give their players 10 buyins/day. And when they have 10k USD and above it is a good way for us to control huge loosing streaks.
I hope I answered your questions properly.