Title: Live Cash Staking Post by: FredW on November 08, 2012, 01:04:47 PM I know there are a lot of companies out there offering staking & coaching for online cash but are there any companies doing it for live cash?
Title: Re: Live Cash Staking Post by: JK on November 08, 2012, 01:42:04 PM Pretty doubtful tbh. Its just so hard to track. Most live cash staking is done between friends so theres alot of trust between them origionally
Title: Re: Live Cash Staking Post by: FredW on November 08, 2012, 02:31:39 PM Pretty doubtful tbh. Its just so hard to track. Most live cash staking is done between friends so theres alot of trust between them origionally Yeah I thought as much. Shame all my friends are busto degens haha! Title: Re: Live Cash Staking Post by: tight4better on November 08, 2012, 04:48:05 PM Thought about doing something similar myself but it's so tough unless you have friends who are willing stakers.
Title: Re: Live Cash Staking Post by: FredW on November 08, 2012, 05:14:27 PM Yeah if there was a reliable way to tracking players live cash game results, it could be quite a good business venture.
Title: Re: Live Cash Staking Post by: Yian on November 08, 2012, 06:30:35 PM Obviously nobody's gonna do this but from a backer's point of view, he will want to track all the action of the horse; how much he wins/loses and how he plays.
I think this can be a way to do just that, but your horse will have to suit up! http://www.spyequipmentuk.co.uk/spy-cameras/portable-hidden-camera/tie-camera-colour-ccd.html (http://www.spyequipmentuk.co.uk/spy-cameras/portable-hidden-camera/tie-camera-colour-ccd.html) Title: Re: Live Cash Staking Post by: tonytats on November 08, 2012, 06:59:27 PM I believe this site offers 5 k£ a night at 5/10 at the venue of your choice with 10% of profit into a night in a strip club @
Dreamonusillybugger.com Title: Re: Live Cash Staking Post by: smashedagain on November 08, 2012, 07:04:13 PM I believe this site offers 5 k£ a night at 5/10 at the venue of your choice with 10% of profit into a night in a strip club @ lolDreamonusillybugger.com Title: Re: Live Cash Staking Post by: tight4better on November 08, 2012, 07:18:31 PM I believe this site offers 5 k£ a night at 5/10 at the venue of your choice with 10% of profit into a night in a strip club @ Dreamonusillybugger.com Seems legit. :D Title: Re: Live Cash Staking Post by: Bully87 on November 09, 2012, 03:24:26 PM Pretty doubtful tbh. Its just so hard to track. Most live cash staking is done between friends so theres alot of trust between them origionally Yeah I thought as much. Shame all my friends are busto degens haha! Hahaha are you serious? I'm not broke or degenerative. Just can't afford to. Highly doubt you can get staking for anything less than 1/2 and if you were playing 1/2 regular then you wouldn't need staking. Title: Re: Live Cash Staking Post by: FredW on November 09, 2012, 04:09:03 PM Pretty doubtful tbh. Its just so hard to track. Most live cash staking is done between friends so theres alot of trust between them origionally Yeah I thought as much. Shame all my friends are busto degens haha! Hahaha are you serious? I'm not broke or degenerative. Just can't afford to. Highly doubt you can get staking for anything less than 1/2 and if you were playing 1/2 regular then you wouldn't need staking. Haha I wondered how long it would take for you to bite. Why would it not be viable for someone to stake a winning player to play at 50/1 or 1/1? Title: Re: Live Cash Staking Post by: Bully87 on November 09, 2012, 06:22:51 PM Pretty doubtful tbh. Its just so hard to track. Most live cash staking is done between friends so theres alot of trust between them origionally Yeah I thought as much. Shame all my friends are busto degens haha! Hahaha are you serious? I'm not broke or degenerative. Just can't afford to. Highly doubt you can get staking for anything less than 1/2 and if you were playing 1/2 regular then you wouldn't need staking. Haha I wondered how long it would take for you to bite. Why would it not be viable for someone to stake a winning player to play at 50/1 or 1/1? Cant see it as a profitable move from a backers perspective after 50/50 or w/e deal you do. How many staked players do you see at that level? Very few. Title: Re: Live Cash Staking Post by: cambridgealex on November 09, 2012, 06:51:17 PM The effort required to run a staking deal for 50/1 just wouldn't even make it close to worthwhile imo. I've played a lot of 50/1 live cash and doubt you can find a game where you can have a winrate of more the £10/hour, so if you are staked, its £5/hour.
Is anyone really going to risk £2k+ (probably a good starting roll), loads of admin/hassle not to mention trust issues for a £5/hour return? Title: Re: Live Cash Staking Post by: cambridgealex on November 09, 2012, 06:54:16 PM Actually there may be 50/1 games that play really big, people sit with 200-300bbs and straddle etc, where you can earn more than £10/hour, but in my eyes, that's a different kettle of fish because you'd need twice (at least) the starting bankroll - it's basically 1/2.
Title: Re: Live Cash Staking Post by: FredW on November 09, 2012, 07:17:15 PM Playing mainly at Derby Riverlights with a few games at DTD over the last 6 months i've averaged £15.63 over a sample of 444 hours. Obvs not a massive sample size but its a ridic soft game that plays pretty big at weeks with average stacks being £400+ at times. Being staked to play at 50/1 probably wouldn't be the most profitable for the stacker of the player but if it was seen as a short term option with the main aim to be moving up to 1/2, surely this would be worth it for both parties?
Title: Re: Live Cash Staking Post by: Doobs on November 09, 2012, 07:30:45 PM Playing mainly at Derby Riverlights with a few games at DTD over the last 6 months i've averaged £15.63 over a sample of 444 hours. Obvs not a massive sample size but its a ridic soft game that plays pretty big at weeks with average stacks being £400+ at times. Being staked to play at 50/1 probably wouldn't be the most profitable for the stacker of the player but if it was seen as a short term option with the main aim to be moving up to 1/2, surely this would be worth it for both parties? Going to have way too many trust issues here. Title: Re: Live Cash Staking Post by: cambridgealex on November 09, 2012, 07:38:17 PM You say it's a short-term, but you could easily lose over the next 3 months. Is your backer going to want to end the deal then whilst your in makeup? Probably not.
And yeh if it's bigger game then the winrates are bigger, but then so is the variance, and so is the risk for the backer. Though it's becoming worthwhile if we're talking £10/hour for both parties. Moving up to 1/2 you say. Where? I can't get a 1/2 game in DTD except at the weekends. And even then it's a struggle and often has to be organised by the club in advance. E.g. tonight there's been a 1/2 organised and it's friday night! There's been no game all week since Sunday where it was PLO afaik. Title: Re: Live Cash Staking Post by: rfgqqabc on November 09, 2012, 08:02:25 PM I have options for games 1/2 or 5/5 about 5 nights a week including overlapping nights. Work harder to drive action? Dunno mate must be brutal. Still playing dc?
Title: Re: Live Cash Staking Post by: FredW on November 09, 2012, 08:07:09 PM Yeah you make some good points and I agree that the risk for the backer is higher in the bigger games but so is the reward and as you say, the bigger game the higher the achievable win rate should be and so both parties should benefit in the long run.
Moving up to 1/2 you say. Where? I can't get a 1/2 game in DTD except at the weekends. And even then it's a struggle and often has to be organised by the club in advance. E.g. tonight there's been a 1/2 organised and it's friday night! There's been no game all week since Sunday where it was PLO afaik. Really? Haven't been to DTD in the week for sometime but didn't realise the games had dried up this much. I played last weekend when the deepstacks were on and saw there were a few big games running then. Shame every night can't be like that! Title: Re: Live Cash Staking Post by: SuuPRlim on November 13, 2012, 04:37:16 PM I cant possibly stress more how bad an idea being backed for small stakes live cash games is in general (not ALL cases ofc) but generally.
It's worthless for the backer and pretty demoralizing for the horse, you only need a really small bankroll for 50p£1 anyways no? speshly if they are soft. If you're really worried about the money get a mate or someone who trusts you to take 25% of the action of whatever. All it takes is 3 weeks good run, maybe earn £2k or w/e and now you have a half comfortable roll for the game, and with hard work and not losing your head you can defo build it up, find a softer 1/2 game, have a punt, maybe get someone to buy a bit of the action so its an easier shot or w/e but this is 100000% the best way to go and i don't think it's even remotely close. Everyone is in such a rush to get staked these days and no1 realises how rubbish it is being backed. Title: Re: Live Cash Staking Post by: aaron1867 on November 13, 2012, 05:24:09 PM I haven't seen hardly anything of this live cash staking, but I can give you an example of someone who actually wouldn't mind me telling you of it.
Tom Jones (not the singer) is a Sheffield regular and is staked by Luke Fields I believe. Tom is a good player, very, very solid & I don't like to give him a compliment as all he doe sis churp on about poker 24/7. But the last time I sat with him was at 1/2 at G-casino Sheffield, he sits with the most on the table to start & I have never seen a bigger & regular casher than him. I think he is on 70/30 of profit and no word of a lie, most nights he is making profit over £300 most nights, I have not known him to be down more than a couple of times. It's a good deal for both parties, but I couldn't trust anyone in live cash games to play staked. I genuinely would find it hard to assume that Tom (actual nice guy) does not tell a white lie. In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. You definitely need a HUGE amount of trust to be in these stake deals. In this deal mentioned, nothing to stop Tom from actual telling a porkie! Title: Re: Live Cash Staking Post by: pleno1 on November 13, 2012, 06:00:35 PM lool tighty please enable ignore buttons on blonde
Title: Re: Live Cash Staking Post by: cambridgealex on November 13, 2012, 06:06:20 PM It's a good deal for both parties, but I couldn't trust anyone in live cash games to play staked. I genuinely would find it hard to assume that Tom (actual nice guy) does not tell a white lie. In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. lol of course you would Title: Re: Live Cash Staking Post by: CHIPPYMAN on November 13, 2012, 06:56:35 PM It's a good deal for both parties, but I couldn't trust anyone in live cash games to play staked. I genuinely would find it hard to assume that Tom (actual nice guy) does not tell a white lie. In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. lol of course you would The kid again !!! So so so many things to say . Every topics Title: Re: Live Cash Staking Post by: titaniumbean on November 13, 2012, 08:23:02 PM It's a good deal for both parties, but I couldn't trust anyone in live cash games to play staked. I genuinely would find it hard to assume that Tom (actual nice guy) does not tell a white lie. In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. lol of course you would The kid again !!! So so so many things to say . Every topics IS IT!? Title: Re: Live Cash Staking Post by: Pugwashed on November 13, 2012, 08:39:11 PM It's a good deal for both parties, but I couldn't trust anyone in live cash games to play staked. I genuinely would find it hard to assume that Tom (actual nice guy) does not tell a white lie. In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. Good luck if you ever start a thread looking for staking through blonde Title: Re: Live Cash Staking Post by: CHIPPYMAN on November 13, 2012, 08:43:29 PM It's a good deal for both parties, but I couldn't trust anyone in live cash games to play staked. I genuinely would find it hard to assume that Tom (actual nice guy) does not tell a white lie. In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. Good luck if you ever start a thread looking for staking through blonde Not even bother if it was for FREE !!! Title: Re: Live Cash Staking Post by: tight4better on November 13, 2012, 08:51:35 PM It's a good deal for both parties, but I couldn't trust anyone in live cash games to play staked. I genuinely would find it hard to assume that Tom (actual nice guy) does not tell a white lie. In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. Good luck if you ever start a thread looking for staking through blonde Not even bother if it was for FREE !!! <3 Frankie ;D :D rotflmfao Title: Re: Live Cash Staking Post by: Dark clown87 on November 14, 2012, 09:34:18 AM Ha I can't believe Aaron actual gave me a compliment! I do get stake but not by Luke, I get 65/35. Spent nearly the last 2 months in Vegas playing. Gettig staked offers you security, but as my backer knows I would much rather be playig off my own money. I just knock it all in at real life, drinking and buying shit. There is definitely lots of trust with live staking, I keep a record of every sessions wins and losses and we settle up very often. I'd advised only backing/being backed by someone you trust. Luckily I've had good friends who have staked me so I have absolutely no desire to take more than my cut as after all they are helping me.
Title: Re: Live Cash Staking Post by: Honeybadger on November 14, 2012, 09:56:01 AM In fact, being totally honest, would you be able to sit there, having put £500 down, cashed in for £2k, be tempted to say I broke even? I would find it hard. This would be stealing. You know that, right? When you are out shopping do you find it hard not to slip something you fancy in your pocket and walk out of the shop? You are very unlikely to be caught, and no-one would ever know. Many people choose not to steal even if they KNOW they are 100% certain to get away with it. They have honour, ethics and integrity. These are the type of people who tend to do well in the gambling world in the long-term. Your reputation is everything. Title: Re: Live Cash Staking Post by: Dark clown87 on November 14, 2012, 10:10:08 AM Honey badger pretty much spot on. Especially the last paragraph, everyone knows everyone in the poker world so having a good reputation is essential to doing well and lasting in the game.
Title: Re: Live Cash Staking Post by: FredW on November 14, 2012, 11:17:43 AM Some great responses on here, esp from lil dave. Aaron, think you really need to look at yourself in the mirror if you're saying you think you would struggle not to steal off someone who has been good enough to back you...
I think staking can help a lot of players who do not have a lot of disposable cash (e.g. it's tied up in businesses etc) to develop a better mindset whilst playing. Anyone who is playing with scared money will never play at their best and simply having that extra security can give them the confidence to crush the game. Title: Re: Live Cash Staking Post by: CHIPPYMAN on November 14, 2012, 11:41:02 AM Some great responses on here, esp from lil dave. Aaron, think you really need to look at yourself in the mirror if you're saying you think you would struggle not to steal off someone who has been good enough to back you... I think staking can help a lot of players who do not have a lot of disposable cash (e.g. it's tied up in businesses etc) to develop a better mindset whilst playing. Anyone who is playing with scared money will never play at their best and simply having that extra security can give them the confidence to crush the game. Gl Fred but regarding that kid that talks a lot , don't worry about him dude bcause he ain't got no clues what he's yupping about !!!! Title: Re: Live Cash Staking Post by: aaron1867 on November 14, 2012, 12:11:53 PM Some great responses on here, esp from lil dave. Aaron, think you really need to look at yourself in the mirror if you're saying you think you would struggle not to steal off someone who has been good enough to back you... I think staking can help a lot of players who do not have a lot of disposable cash (e.g. it's tied up in businesses etc) to develop a better mindset whilst playing. Anyone who is playing with scared money will never play at their best and simply having that extra security can give them the confidence to crush the game. I know it happens, which is the point of it. Like I said, don't worry about me, I just put my opinion out there, people may not agree with it, but there you go. Cash can hardly ever get recorded live or online, so if your stuck in a rut that evrything is ran perfectly, then it is perhaps you that neds to have a word. Like I said, I know it happens & it wouldn't happen with me as I don't need staking. PS - Welcome to the forum Tom, hope you are doing well in Vegas! Title: Re: Live Cash Staking Post by: Pugwashed on November 14, 2012, 12:21:54 PM Cash can hardly ever get recorded live or online Actually pretty easy to record online. Especially on sites like Pokerstars where you can get audits of your account which will show everything and every backer is perfectly entitled to request these Title: Re: Live Cash Staking Post by: Bully87 on November 14, 2012, 12:59:03 PM So your staked by someone so they are helping you. Why the hell would you steal and not record accurate sessions? Surely the bankroll supplied will show consistent with the results you record. Trust is the only issue. If your a winning player then you'd have no reason to steal either.
Gl with any staking requests Aaron lol Title: Re: Live Cash Staking Post by: aaron1867 on November 14, 2012, 01:14:49 PM So your staked by someone so they are helping you. Why the hell would you steal and not record accurate sessions? Surely the bankroll supplied will show consistent with the results you record. Trust is the only issue. If your a winning player then you'd have no reason to steal either. Gl with any staking requests Aaron lol If you read above, I said I know it happens, poker players aren't exactly the most trsutworthy in the world are they, would take a massive amount of trust. Like I also said, I don't nee staking, so never going to get to that point. I think I have probably come across in a way I shouldn't have here lol, no good with sounding like I have a clue :D :D Title: Re: Live Cash Staking Post by: Pugwashed on November 14, 2012, 01:41:48 PM poker players aren't exactly the most trsutworthy in the world are they, lol What as a poker player makes me less likely to be trustworthy than any random guy off the street? If anything I think the opposite of this is true (for serious / successful poker players anyway) Title: Re: Live Cash Staking Post by: SuuPRlim on November 14, 2012, 02:38:00 PM tbf Aaron is kinda right, a lot of stealing/dodgyness does go on in the poker world. However the point where he is wrong is that everyone who is backed for live poker would be too tempted to steal from their backer out of the profits and would be unable to resist this theft. As has been said the vast majority of live staking agreements are from relationships where a good level of trust exists already so I reckon it would happen a LOT less than you think.
I actually think you'll find a lot more stealing goes on in online staking arrangements. I think Aaron you have a little "old-skool" mentality on this one, I can't really say with too much authority as Im relatively young but I get the impression the gambling world has really moved forwards in terms of it's ethical standards. Would be naive to say it's changed totally but I think it's a lot better now. Title: Re: Live Cash Staking Post by: atdc21 on November 14, 2012, 02:50:16 PM Suuperlim, the 'gambling world' may have moved on a bit (maybe not) , if it has its probably because a lot more things have become more transparent with all this new technology. Horse racing is a good example, old days an owner could lay his own horse in a race by getting local/friendly bookmaker to do it for him, word of mouth no trace. Now he can use the internet to either do it himself or get friend/ relation to do it, easier to do , but easier to investigate/get caught. Same applies to jockeys, look at how many different jockeys have been brought in for all sorts of illegal riding/betting offences, prob no more going on , just easier to find out / get caught.
The thing is from the start of time, and prob to end of time SOMEONE somewhere will always be lured to do things they shouldnt by MONEY, it is a very powerful commodity. Title: Re: Live Cash Staking Post by: Neptune on November 14, 2012, 03:20:45 PM I've had a few close "friends" that i knew for a few years and thought i could trust steal from me in the poker world. It really sucks and makes me wonder who the hell u can trust in the gambling world. I know most people are trustworthy but when you get screwed over by people who are your friends it makes it really difficult! Anyway just sayin, gotta be careful out there.
Title: Re: Live Cash Staking Post by: aaron1867 on November 14, 2012, 05:35:01 PM I have not worded it properly in some ways to be quite frank. It might look as if I would be stealing with regards to it, but it is situation dependant.
These people who are in cash deals are usually broke, that is why they are getting staked, if I was broke, would I consider telling a white lie about how much was won? Has the backer got his usual weekly amount that he is happy with, but Horse got a nice weekend score & gained more than usual, who is to people wouldn't? People say gambling is a lot different to what it was previously? but is it? People are still borrowing and lending, there are people in poker world, that I pretty much swap money with. There are people in poker world who are in massive debt, because they can't pay these multiple debts off to people! Nothing has changed. The financial and economic world has got worse, so how it can be seen as 'better' I don't know. Poker world may have moved on, but gambling world has not. Title: Re: Live Cash Staking Post by: SuuPRlim on November 15, 2012, 07:26:37 AM Well I mean you're right lol
I guess it just boils down to each person's ethical standpoint and irrelevant to the industry they work/live in. If you're the type of person who morally can steal from someone (what you're talking about IS stealing irrespective) then you'll always be tempted to cheat in that spot, if you're the type of person who could never do that then you won't. The Grey area here as atdc has said The thing is from the start of time, and prob to end of time SOMEONE somewhere will always be lured to do things they shouldnt by MONEY, it is a very powerful commodity. I stake a very close friend of mine for cash games online and he can have £10-£30k in his account at any one time, I've never checked his account history or anything like that and never will, they day I feel the need to Id stop backing him because it won't work without 100% trust, if it turns out I've been wrong and he isn't trustworthy then I've made a terrible judge of character and will pay the price for it. I'd rather be stung a few times than never trust anyone. Title: Re: Live Cash Staking Post by: CHIPPYMAN on November 15, 2012, 09:11:06 AM U trust me Dave . U staking me then Dave ? Lol
Title: Re: Live Cash Staking Post by: SuuPRlim on November 15, 2012, 01:47:03 PM U trust me Dave . U staking me then Dave ? Lol mama said never trust man from china only for feesh and chips. Title: Re: Live Cash Staking Post by: CHIPPYMAN on November 15, 2012, 02:28:46 PM U trust me Dave . U staking me then Dave ? Lol mama said never trust man from china only for feesh and chips. Dadda says never trust little boy from Leeds . Only trust them when u playing live PLO !! Lol |