Poker terms are universal; they are versatile terms that have meanings specific to poker. One such poker term is ‘Backer.’ Let’s take a look at this poker term today.
A backer is an investor who funds a poker player with an adequate bankroll. The player is supposed to return a percentage of their profits to the backer in return. If the player loses money, the backer is the one who faces a major loss. In poker, the process of backing a poker player is also known as staking. The person being backed is known as a ‘horse.’
Staking is just another form of investing. There are no guarantees on how profitable it will be. Players usually accept backing because it allows them to grind in high-stakes games which they can’t with their current bankrolls.
What does a typical ‘backing’ arrangement looks like?
Player X is a skilled poker player but is not very good at bankroll management. Player Y, on the contrary, has a good bankroll. So, both the players come to a conclusion/ agreement wherein any profits made by player X (who is funded by player Y) will be split between the two. The prize money is split according to the agreement, either 70/30 or 50/50.
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This is a long term backing plan. Player X is a skilled poker player and Y is a wealthy player who is well versed with the game and in business too. Both the players come to an arrangement that player Y will back player X in high-value tournaments.
Backing or staking provides several benefits to a player such as managing his stock flong-run, reducing stress which can be caused due to downswings. Staking also creates great networking opportunities as more often than not, those players are backed who can communicate easily. Moreover, a poker backer also provides coaching to his “horse” to improve his game.
Manthra Koliyer is a writer at Gutshot Magazine. She has an affinity for seeing the world through people’s eyes. With a bubbly fun personality, you can always catch her chatting with anyone she comes across. Holding an English Literature degree from Wilson College, Mumbai, and a Post Graduate Diploma in Journalism from Asian College of Journalism, this pop culture fanatic is ready to take on the world with a pen, paper, and microphone. She also actively works on her personal blog called namasteyconvict.blogspot.com, where for a moment she lets you into her drama-filled world.
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