Poker Staking
Tournament Staking allows players to monetarily back multiple players in an event, or back their friends or favorite players. You can also sell your own action to others and share the cost.
ChipMeUp was the first online Poker Staking website created back in 2007 and we are very excited to recently celebrate our 10th birthday! We’ve seen many other staking sites come and go over the years, but ChipMeUp has survived them all. Uses YouStake as a tool to engage with fans through staking. When Phil wins, you win!
Staking is integrated directly into the poker app and facilitates investing in others by buying a percentage of their ‘action’; a proportion of the cost of their entry fee into the tournament with an added player-defined margin. Simply go to any tournament lobby and use the staking panel to sell your own action once registered, or visit the tournament lobby for any event that you wish to back someone in.
Rules for tournament staking
1. Players who wish to sell their action must first register for a tournament.
- After registering, sellers (players selling their action) must set the percentage of their action for sale as well as the mark-up that they are selling their action for.
- Players may only sell their action while a tournament is registering
- Sellers have the right to cancel their action at any time before a tournament starts.
2. Backers must pay the full amount of the total stakes they have bought.
- Stakes must be purchased in increments if 1%.
- Once a stake has been purchased, it is non-refundable except in certain specific situations.
3. Sellers are paid for the stakes they have sold when one wins or is knocked out of the tournament.
4. Any tournament prize money that a staked player wins will be distributed automatically amongst one's backers in proportion to the stake that those backers have purchased.
5. The following are situations in which backer's stake may be refunded
- If the backer has purchased a stake from a seller and this seller subsequently decides to cancel the sale of one's action.
- If the Seller unregistered from a Tournament before a it begins
- If a Tournament is cancelled for unforeseen circumstances.
6. Staking is not available for rebuy/add-on tournaments.
Is there a fee charged to players using the Staking feature?
No fee is charged to players. Any wins you share with your friends and other players are yours.
Is there a limit to the amount of my action I can make available to backers?
Action is sold in 1% increments. Players can sell any amount of their action between 1% and 100%
How do you calculate the total purchase amount when staking the action of a player?
First, you would have to calculate the Total Buy-in as follows:
Buy-in + Fee + Bounty (if applicable) = Total Buy-in
Then you would input the Total Buy-in into the following formula as follows:
(Total Buy-in / 100) * Markup * Share % = Total Purchase Amount of Stake
For example:
Total Buy-in = $23.75 Buy-in + $1.25 Fee = $25
Markup = 1.4
Let's say you bought 10% out of 45% of a particular player's shares.
Then the calculation will be as follows:
Total Purchase Amount of Stake = (25 / 100) * 1.4 * 10 = $3.50
Can I watch the tournaments unfold that my backed players compete in?
Yes, players can spectate any public table.
How do I buy player action?
Check the tournament lobby to see which players are selling their action. Players looking to buy action can also check the performance records of other players by viewing their staking profile before they purchase any action.
Poker Staking Deals
Is there a limit to the amount of players I can back?
There are no formal written limits in place for the amount of players you can back in a given event.
For more information about staking, check out our dedicated page: https://en.ggpoker.com/poker-games/staking-platform/
Note:Cashback only applies to players who sell their Stakes/Actions. Players who purchased any stake is not eligible to get any Cashback and or Fish Points.
Coaching on the highest level
Team Hero is known for high-quality coaching provided by mid- and high-stakes regulars. All of our divisions offer the opportunity for our players to reach the highest stakes.
Poker Staking Payout Receipts
Our small-stakes players receive coaching from winning mid-stakes regulars and once they climb the stakes, they can start working with high-stakes crushers. The coaching material created by our high-stakes coaches and the knowledge you can gain from them is invaluable. Poker is evolving rapidly but with our help, you will also be up-to-date.
The hard work is consistent in our team, the players receive one-on-one coaching sessions, group sessions and they can study together, while also analyzing their hands together with our coaches on our private forums.
Poker Staking Contract
Consistently improving your game is the inevitable key to rapid improvement. Backing groups have become the most significant actors of poker in recent years. Being a member of a leading group is a real prestige. The members of the group create a real solidary team, and all of them are proud to belong to Team Hero.