{"id":45050,"date":"2020-12-28T02:00:55","date_gmt":"2020-12-28T02:00:55","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=45050"},"modified":"2020-12-28T19:00:10","modified_gmt":"2020-12-28T19:00:10","slug":"ggpoker-staking-feature-brings-poker-backing-to-online-poker","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/ggpoker-staking-feature-brings-poker-backing-to-online-poker\/","title":{"rendered":"STAKE WITH SIZZLE: GGPoker Staking Feature Brings Easy Online Option for Backing Other Players"},"content":{"rendered":"

Poker backing deals are probably as old as the game itself. A well-heeled player might peel off a few bucks<\/strong> to back a fellow player, landing a bit of skin in another player\u2019s game.<\/span><\/p>\n

The practice has grown in recent years to players even seeking some \u201cinvestment\u201d in online events<\/strong><\/a>. GGPpker<\/strong><\/a> has recognized this growing trend and made it even easier.<\/span><\/p>\n

Players on the site can make use of the staking feature to back others on the platform. It\u2019s a simple way to take out a sweat in another player \u2013 and possibly win some money without even playing.<\/span><\/p>\n

<\/span><\/p>\n

What is poker staking and why is it popular?<\/span><\/h2>\n

Those new to the world of poker staking may be asking: why stake other players at all?<\/span>First of all, there\u2019s some fun that comes with staking some other players.<\/span><\/p>\n

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Daniel Negreanu<\/figcaption><\/figure>\n

Backers can follow their \u201chorses\u201d throughout an event to have a fun sweat. Seeing one of those players streamed at a final table makes it even more fun.<\/span><\/p>\n

Backing another player also offers a chance at some winnings should that player run deep. Seeing a nice score for the player means spreading the winnings<\/strong> around to all those backers.<\/span><\/p>\n

For a player selling action, backing means minimizing his risk. That player may be able to play in a bigger event by selling a chunk of his action.<\/span><\/p>\n

GG ambassadors Daniel Negreanu<\/strong> or Felipe Ramos<\/strong> may even seek out some action. A big name player\u2019s score also means some dollars coming the way of those who staked him as well.<\/span> Regular o<\/span>nline grinders can also get in the staking game as well.<\/span><\/p>\n

\u201cThe staking feature on GGPoker is cutting edge and incredibly user friendly,\u201d Negreanu tells PokerScout<\/em><\/a>. <\/span>\u201cI truly love it. Whether you are looking to buy or sell action, you can do it all very easily in the client and when the player cashes in a tournament, the funds are updated immediately.\u201d<\/span><\/p><\/blockquote>\n

The staking feature has also been popular with poker streamers<\/strong>, allowing viewers to check out their play. Staking also tends to make players focus on their best play with others\u2019 money also on the line.<\/span><\/p>\n

\u201cYou can set your own price, how much you want to sell, and even put a cap on how much anyone can buy,\u201d Negreanu says. \u201cThis is really helpful for streamers who want to give fans a chance to have a piece of the action while they watch. I did it regularly during WSOP<\/strong><\/a>.\u201d<\/span><\/p>\n

Staking other players at GGPoker<\/span><\/h2>\n

So how does staking at GGPoker work? <\/span>The ability to back others is integrated directly into the software<\/strong> and mobile<\/strong> app<\/strong>. Exclusive to GG, this is the first online poker<\/a> feature to facilitate players buying others\u2019 action.<\/span><\/p>\n

\u201cIt\u2019s very popular and in any given tournament there will be a range of players seeking stakes and others staking them,\u201d GGPoker spokesman Paul Burke<\/strong> says.<\/span><\/p><\/blockquote>\n

The process is pretty simple. Players first just need to visit any tournament lobby<\/strong> to back someone in an event.\u00a0<\/span><\/p>\n

The staking tab is found in the lobby of all eligible events. Backers pay a proportion of a player\u2019s entry fee with an added player-defined margin (also known as markup<\/strong>).<\/span><\/p>\n

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A look at the GGPoker tournament lobby staking tab, for Felipe Ramos in this case.<\/figcaption><\/figure>\n

Backers pay the full amount of the stakes they buy, which are purchased in increments of 1%<\/strong>. This can decrease to as little as 0.1%<\/strong> for events with a buy-in of $5,000<\/strong> and above..<\/span><\/p>\n

Once a stake is purchased, the transaction becomes non-refundable except when:<\/span><\/p>\n