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Should I seek stake, or wait? Should I seek stake, or wait?

07-23-2019 , 09:38 PM
Quote:
Originally Posted by ACES_BABY
Yeah that's the thing, I have not played in enough tournaments yet to be able to have like an Excel doc breaking down my overall performance so far.



I was not trying to brag or anything discussing the bluff, it's just I am trying to convey so far the success I have had in my very limited tournament play.



What would you say is a fair amount of "valid sample" that I need to acquire before a potential staker would take me serious? That's part of what i'm confused about, I don't know the "minimum requirements" that a player needs to accomplish before investors on the more riskier side might consider buying a piece of my action.
The excel doc would be the most meaningless thing in the world, you need a record on a credible tracking site such as hendonmob.

As for the sample it depends on a lot of things, like field sizes, ROI to date, ITM frequency, final table finish distribution, buyin levels and range, but I wouldn't consider anyone without being consistent over a few hundred low variance games. That topped with a couple of high variance scores would be more ideal.

Last edited by Hot*ShoT; 07-23-2019 at 09:43 PM.
Should I seek stake, or wait? Quote
07-23-2019 , 10:37 PM
I would stake you but only for about treefiddy.
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07-24-2019 , 02:47 AM
wait.
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07-24-2019 , 04:14 AM
Quote:
Originally Posted by ACES_BABY
How many newbies in poker have a sponsorship with a worldwide known poker brand, and can wear their patch at the table and represent them for the rest of their life?
you probably misunderstood what really happened.

43 players won WPT500 packages on clubWPT site last year, including you via freerolls, you can see the list of players here:
https://www.worldpokertour.com/news/...wpt-wpt500-lv/

not that likely too many competent players waste their time playing 1500 field freerolls with an expected return of ~3$.

same promotion went for this years wpt500 as well: https://www.clubwpt.com/tournaments/...as-vegas-2019/


no matter what that wpt website says, you're not a sponsored player by any means, you won clubWPT poker gear worth ~100$ on that 500 tournament points freeroll you finished 1st in.

you can buy additional WPT gear on amazon, they'll appreciate if someone promoting them for free.
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07-24-2019 , 04:22 AM
Quote:
Originally Posted by ACES_BABY
possibly even quit my job, and play on the poker tours across the country year-round.
bad idea and terrible lifestyle unless you really bink to make it worth it.

how old are you? whats your job?
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07-24-2019 , 04:52 AM
How long can you wear that patch for? Because that's the most important consideration.
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07-25-2019 , 12:21 PM
Those patches also don't last long when on clothes if you plan on washing them. Expect to get 1-2 tournies out of it
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07-25-2019 , 06:38 PM
Quote:
Originally Posted by ACES_BABY
I was just saying that to go along also with the fact that I have the sponsorship as well. I know that bluffing a poker player once in a tournament does not all of a sudden make you stake-worthy.

The biggest thing though is that I am a sponsored player with ClubWPT. That is a global poker brand that I can represent their patch at the tables for the remainder of my life.
That's a nice accomplishment you'll be able to sport but that does no benefit to a potential backer. The only entity that benefits from this is ClubWPT who gets free advertising on your shirt.

It seems to me if you want to work your way into MTT's the route you should go is signing up on Ignition, ACR or BetOnline. You can play across these platforms in the US and between these three you can put together a fairly full tournament schedule. Your bankroll is healthy enough to stake yourself and you'll be able to track your stats (minus Ignition/Bovada). If at some point you want to transition to live games and still desire a backer you'll be able to show your results via Shark Scope and have a better chance of striking a deal assuming your results are favorable.
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07-26-2019 , 07:51 AM
Quote:
Originally Posted by silverware
No offense bud, but I strongly agree with other players here. It's easy to feel like you're unbeatable or ready for high stakes or able to support yourself when you have some good run, but definitely tread carefully here.

I think these two statements make it relatively clear you might be in this situation.



If I were you I'd try to get a lot more experience and do some more studying before even considering going pro.

That said, I mean, if someone offers to buy your action in $1k + tourneys, definitely sell.
I appreciate the advice. That definitely is what it looks like everyone is recommending on here. I really just didn't know if their were some people who take bigger risks in staking "no name" players that have had a few smaller accomplishments playing so far.
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07-26-2019 , 07:56 AM
Quote:
Originally Posted by MountainsPLZ
If you have a job and a low 5-figure bankroll, you can afford to play torunaments in the 3-500 buyin range. Between all the lower tier tournament series (hpt, mspt, wsopc etc) there are plenty of those around the midwest.

Nobody serious about investing in tournament players is going to buy your action with your current resume. You can change that by proving you're capable of making some runs and then sell action to the higher levels. Good luck out there!

Ps. Lol at wearing that patch for the rest your life
Yeah you are right, I for sure can fund myself. I am such a newbie when it comes to staking, I just didn't know if their was a community of investors out there known for liking to take a few high risk stakes from time-to-time.

But yeah, I will just have to give it so more time, and try to play in one of those events once every few months until I get my first notable tourney cash.
The good news with that also is that just in case I do bink and win six figures, I don't have to share it with anyone (not counting Uncle Sam of course) lol.
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07-26-2019 , 08:00 AM
Quote:
Originally Posted by Hot*ShoT
The excel doc would be the most meaningless thing in the world, you need a record on a credible tracking site such as hendonmob.

As for the sample it depends on a lot of things, like field sizes, ROI to date, ITM frequency, final table finish distribution, buyin levels and range, but I wouldn't consider anyone without being consistent over a few hundred low variance games. That topped with a couple of high variance scores would be more ideal.
Understood, so there is not anyone really known out their for ever taking chances on "no name" players in the staking community.

That was the main thing I wanted to learn more about, which I am for sure getting a lot of beneficial advice from this thread.

Pretty much have to build a solid poker resume first before anyone would think about honestly venturing to take any chances. I thought offering a ridiculous high piece of the stake would maybe give hope, but that does not sound like the case.
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07-26-2019 , 08:01 AM
Quote:
Originally Posted by Fluffy68
I would stake you but only for about treefiddy.
Are you being serious, or bluffin' me? Because it feels like a bluff lol.
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07-26-2019 , 08:02 AM
Quote:
Originally Posted by enzet
wait.
The tribe is speaking, and that is the overall consensus so far no doubt.
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07-26-2019 , 08:05 AM
This is the nittiest staking market. 75% to the backer is not unusually high for a one time deal with no makeup where the horse is putting up $0. You'd have better luck playing locally and befriending a deep pocketed degen with a kind heart.
Should I seek stake, or wait? Quote
07-26-2019 , 08:13 AM
Quote:
Originally Posted by enzet
you probably misunderstood what really happened.

43 players won WPT500 packages on clubWPT site last year, including you via freerolls, you can see the list of players here:
https://www.worldpokertour.com/news/...wpt-wpt500-lv/

not that likely too many competent players waste their time playing 1500 field freerolls with an expected return of ~3$.

same promotion went for this years wpt500 as well: https://www.clubwpt.com/tournaments/...as-vegas-2019/


no matter what that wpt website says, you're not a sponsored player by any means, you won clubWPT poker gear worth ~100$ on that 500 tournament points freeroll you finished 1st in.

you can buy additional WPT gear on amazon, they'll appreciate if someone promoting them for free.
I beg to differ with the no competent players.

One player named Jeff Center qualified last year and this year from ClubWPT, and actually cashed in the WPT500 in both 2018 and 2019 (https://www.worldpokertour.com/news/...wpt500-cashes/)

Also, Zynga poker has a player they invited in 2018 and made the final table of the WPT500 last year, and almost made the final table again this year, finishing in 11th place. (https://www.worldpokertour.com/news/...-papadopoulos/ and https://www.worldpokertour.com/live_...075000-125000/)

So, there are players who play on these type of sites who have came very close to winning a massive amount of money in real-life tourneys. Granted, overall the talent pool will be much lower than that of a live tournament.

How am I not sponsored by them if I get to wear their patch, and the World Poker Tour website clearly says I am sponsored by them? That's a little confusing.

Yes, it is true you can buy their gear online, but you can't buy their patch anywhere. I can get more patches at anytime too. I already reordered some earlier this year. So yes, it is a real sponsorship, even though I do not financially benefit from ClubWPT.

If and when I make a deep run though in any WPT live tournament, you can bet that I will get a lot of press because I am sponsored by their brand.
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07-26-2019 , 08:17 AM
Quote:
Originally Posted by bobboufl11
This is the nittiest staking market. 75% to the backer is not unusually high for a one time deal with no makeup where the horse is putting up $0. You'd have better luck playing locally and befriending a deep pocketed degen with a kind heart.
Thanks for putting that in perspective. I saw much people selling about 30% of their action with markup (established pros of course), but did not know offering huge pieces was still common as well for players without a very well established poker resume.
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07-26-2019 , 08:20 AM
Quote:
Originally Posted by phoneaccount
bad idea and terrible lifestyle unless you really bink to make it worth it.

how old are you? whats your job?
Playing poker for a living is a bad life style? Why do you believe that?

I'm 30-years-old, and I do sales. I have done sales since I graduated college in 2012.
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07-26-2019 , 08:21 AM
Quote:
Originally Posted by WereBeer
How long can you wear that patch for? Because that's the most important consideration.
I can represent them as long as I play poker.

They will supply me with more patches anytime as well (already ordered more earlier this year).
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07-26-2019 , 08:22 AM
Quote:
Originally Posted by isunkurbttlship
Those patches also don't last long when on clothes if you plan on washing them. Expect to get 1-2 tournies out of it
I can request more from them at any time.

I requested some earlier this year, and they mailed me more of them.
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07-26-2019 , 08:28 AM
Quote:
Originally Posted by Strappz
That's a nice accomplishment you'll be able to sport but that does no benefit to a potential backer. The only entity that benefits from this is ClubWPT who gets free advertising on your shirt.

It seems to me if you want to work your way into MTT's the route you should go is signing up on Ignition, ACR or BetOnline. You can play across these platforms in the US and between these three you can put together a fairly full tournament schedule. Your bankroll is healthy enough to stake yourself and you'll be able to track your stats (minus Ignition/Bovada). If at some point you want to transition to live games and still desire a backer you'll be able to show your results via Shark Scope and have a better chance of striking a deal assuming your results are favorable.
Thanks for the compliment, and yeah I only mentioned it and make it such a focal point on the post because I know I don't have the ideal poker resume so far. Just trying to leverage that accomplish, and milk it for all its worth so to say to get some attention potentially.

Are those sites 100% legit for U.S. players? I know they are all unregulated, and I never hear of any big-time pros ever playing on those sites.

Understood though I can build some solid stats up, and at a more affordable cost if I play on the sites, and then present that info to potential backers later on. I will check that out, but I just want to know if those sites are humming along with no problems now. I heard at one point ACR would pause and cancel live tournaments, bots, and all kinds of other shady stuff.
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07-26-2019 , 09:51 AM
Quote:
Originally Posted by ACES_BABY
So yes, it is a real sponsorship, even though I do not financially benefit from ClubWPT.
that's the point i was triing to make.

they're just sponsoring you with worthless $1 patches.
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07-26-2019 , 10:42 AM
Quote:
Originally Posted by enzet
that's the point i was triing to make.

they're just sponsoring you with worthless $1 patches.
Understood, but still I mean all I am saying is that being recognized by them in anyway is strength and helps my cause, not hurt it. If and when I am ever staked, I am sure that being accomplished with ClubWPT helps my cause more than if I have no notable accomplishments. Of course, whenever I get a six or seven figure score, that will trump that accomplishment to not being very important anymore, but once again I don't have any other "signature" accomplishments yet to my name.
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07-26-2019 , 02:26 PM
I think you should quit your job and travel the circuit playing for a living. Clearly, you already have what it takes. Don't think it will be long before you overtake Justin Bonomo for the #1 spot on the all-time money list.

Everyone else here is just jealous that you are sponsored by WPT. Ignore the haters. You got this!
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07-26-2019 , 04:31 PM
Quote:
Originally Posted by BeerDrunker
I think you should quit your job and travel the circuit playing for a living. Clearly, you already have what it takes. Don't think it will be long before you overtake Justin Bonomo for the #1 spot on the all-time money list.

Everyone else here is just jealous that you are sponsored by WPT. Ignore the haters. You got this!
Lol definitely not quitting the job anytime soon. I just wanted to to get an idea how this whole staking thing worked, and see if their was any remote chance that I could receive staking in the current position i'm in.

Hey, in a few years, you never know. All it takes in one tournament.
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07-31-2019 , 04:38 PM
*BUMPED THREAD*
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