Backing and Staking in Poker; The Lowdown
Summary
Simple at it’s very foundations, but incredibly complex once you add a few money-hungry players into the equation, poker is equal parts luck, intelligence, knowledge and sheer brashness.There’s no other sport in the world where you can win using techniques that include lying, cheating (if you’re a naughty card counter), memorising (i.e. knowing your odds theory inside out) or just straight up bullying.The world of backing and staking refers to the groups and individuals who don’t use their cash to enter tournaments themselves, but put up the entry fees, buy-ins, or buy-back-ins of other players to try and turn a profit.Someone may look really good on an online database, but could turn out to be totally useless the moment they’re dumped in a noisy casino with plenty of bigger fish waiting to swallow them up.But, if you strike gold and get a wonderkid or seasoned pro who can find soft games and who is happy to split their winnings, you can turn a small investment into something much bigger very quickly.
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