Poker Forum > Staker Exchange
APAT Staking Exchange - Discussion
WYoung83:
Great idea. Gives people a chance to play higher buyins than they normally would. Also gives people a nice sweat if their horse make a ukipt etc final table.
Des:
There seems to be a lot of positive response to the staking board idea and offering a free service along the lines of those offered elsewhere would be a relatively straight forward process, but I"d like to get your feedback to a managed option that would be revenue generating for APAT.
With the managed verison:-
- APAT would validate the identity of players requesting staking via Facebook / Forum / Pocket Fives / Hendon Mob as appropriate, before issuing a license which will enable that person to post requests via the staking board.
- This would enable players to request staking on the forum even if they have not been prolific posters in the past.
- APAT would maintain a Licensed Player Directory, containing the identity (real and forum) and hendon mob link for all licensed players.
- APAT would manage the distribution of funds to and from stakers. This will lessen the administration on licensed players who book a win and it will remove the requirement for stakers having to issue their banking / payment details to players they may not know well.
- APAT will also offer a syndicate service to allow players to pool resources together to invest in higher value staking opportunities (WSOP / EPT, etc).
- APAT would charge players looking for staking a one off license fee of £10 plus 1% of any prize money won in the staked tournament. So if for example a staked player sold 50% of his / her action and went on to win £3,000, the amount going back to stakers would be £1,500, while the staked player would also return £30 to APAT.
- The service would be free to stakers.
With regards to the charges, it is my opinion a one off license fee of £10 would deter time wasters and act as a form of identity check. In addition, the 1% of prize money, while unlikely to provide any meaningful revenue for APAT, would justify our investing some resource into ensuring the service is managed and publicised in such a way that would encourage as many of the members as possible to give staking a try.
The above said, this would remain a "buyer beware" service. Ultimately if a licensed player won £3,000 and decided to not honour their committment to pay the stakers and APAT, we would publicise the theft and ban them for life, but it would need to be understood in advance that APAT would not be held responsible for payment of any outstanding monies to stakers. We would be acting as an intermediary between the transacting parties.
So with the above in mind, would members prefer a free or managed staking service?
dwh103:
On a personal note, I"d prefer a free service with strict guidelines (specified templates, forum rules etc). I"m a control freak and prefer the responsibility of the money to lie with me. If there"s a time limit and the staker is a little slow transferring, how does the player know if/when they"ve transferred?
However, the licencing idea is interesting. It"s a USP and could bring more traffic to APAT long term, along with added revenue. Wouldn"t say I wouldn"t use it either if that"s the route you chose to go.
It would be nice to have a licenced player list, but it doesn"t really remove any risk and I"d just prefer to do the admin myself.
SirPercival:
I think its an excellent idea Des.
I particularly like the thought of a pool of APAT players hitting the WSOP/EPT/UKIPT etc backed by APAT stakers with pooled prize monies. Would make a great forum update. But maybe I"m getting ahead of myself...
Players who are experienced at staking can always continue with their existing methods. This idea brings staking to the people who perhaps wouldn"t have tried it before - bang in line with the APAT values etc.
I have been staked before and I always said I wouldn"t do it again, but under this arrangement I probably would. I would stake others for sure as it gives me an added intrest in events I can"t attend and doing it through APAT just adds to the feel good factor.
I"m in - let me know how to ship the £10 ;D
lucasj37:
--- Quote from: Swinebag22 on May 31, 2012, 23:01:08 PM ---
I like this idea. I stake a fair bit and sell the odd slice now and then as well. It would be great for the APAT community and would create some excellent sweats.
Jason makes a good point about post count. IMO anyone should be allowed to put up a staking request. If its some chancer with 2 posts wanting $10K for the WSOP then the silence on that thread will speak volumes. Conversely, "known" players will get staked by people they know, no matter how much they contribute to the forum.
Obviously people with less posts may have difficulty selling out but they should not be discouraged from asking
--- End quote ---
This
I have staked people in the past both live & online.
I have also been staked myself a few times for live events that are slightly outside of my bankroll. Strict bankroll management would require 100x buy in for a MTT £200 events would therefore be out of my reach.
In my experience the standard at these events are no higher than an APAT one.
I don"t think amount of posts should officially be a criteria for being staked as backers will be able to judge for themselves any risk involved.
Also juice on stake should be allowed as once again it is up to the backer to assess the value of the "bet".
I think it would enhance the forum and increase the spirit (if that is possible).
In short 100% yes. The licensed idea with APAT getting a cut sounds perfect.
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