IPO/Shares Style Staking...

[doakes]

Being fairly new to online poker (been around never seriously invested maybe a 1000 or so a year online), and growing up in back of the bar or whatever style card rooms I could find, I'm use to the concept of staking, and I've developed my own IPO/Share based staking program I've done with a few players over the last three years, also its for a player who can understand bankroll management, and be responsible.

The question I'm coming with is, would the average internet player be interested in this type of staking program in which its to their benefit to invest in themselves at a smaller level while still taking a small fee per share for their time, to have the opportunity to work with a larger bankroll then they normally would? What I basically would do is be the handler/shareholder for all the shares, till someone purchased them from for a particular player, and I could derive a handler fee for such an endvuer, such as like 1% of all the shares value or profit depending on the situation, and the player would derive a percentage of the shares too.

My goal with any type of staking like this is I'll be the majority shareholder at 51-65% precent, followed by any potential stakers.


Share Distrubition at share maturity (time length)
Winning Player:
Shareholder: Stakeback + 49% of the profit
Player: 50% of the profit
Handler: 1% of the profit
Losing Player:
Shareholder: 85%
Player: 14%
Handler: 1%


The real thing is this fesible to work with on the internet or the players prefer the simple 1 and done style backing program?

Another question is other than insta-messaging services, do any of you use Ventrillo or Teamspeak (internet voice chat software) as a way to interview potential horses?


EDIT: Also forgot to add a small blurb so I'll toss an edit to address it.
I see the site does the IPO style staking for top players, but the question relies more on would an internet player want someone to offer the chance for this type of staking, and be the one in charge of finding the funding.

[onebarg]

I'm listening but it's a hard sell. What exactly would you do to justify your 1% that I couldn't do on my own for free? Not being argumentative, just giving you a chance to state your case.

[doakes]

As the handler I'm taking all the leg work out of finding funding for you, along with controlling the beast of the backer who wants to second guess particular situations of your play. My job is basically to handle the day to day public relations nightmare of dealing with this type of staking, and help diffuse any potential problems if they are to arrise between shareholders and employee. Its worked out fairly well in the pass but thats also with dealing with people face to face. Basically think Don King of Poker, works out so much easier in live games, then it would online, I'm seeing, with the revolving door that online players have.

[dapfunkera]

Originally Posted by onebarg

I'm listening but it's a hard sell. What exactly would you do to justify your 1% that I couldn't do on my own for free? Not being argumentative, just giving you a chance to state your case.

good point! I do not see this as an option. Basically this site is doing what your are saying and they are getting a small fee for that. What would you be offering different? Would you be a Poker Player's Agent? If you can find me backing for some WSOP events than that 1% fee might be worth it, but to find some stakers for say a $10 MTT it isn't all that hard if you are at least decent at poker. I only see this as an option if you are brokering large stakes. Say someone staked me in all the WCOOP events. Then a 1% fee might be worth it.

[dapfunkera]

Originally Posted by doakes

As the handler I'm taking all the leg work out of finding funding for you, along with controlling the beast of the backer who wants to second guess particular situations of your play. My job is basically to handle the day to day public relations nightmare of dealing with this type of staking, and help diffuse any potential problems if they are to arrise between shareholders and employee. Its worked out fairly well in the pass but thats also with dealing with people face to face. Basically think Don King of Poker, works out so much easier in live games, then it would online, I'm seeing, with the revolving door that online players have.

yeah - this would have to be for large sums of money and you would need connections. You could charge a finder's fee. Say I wanted backing for $5000 worth of tournaments. I might pay you 2% or $100 if you secure that funding. But to be a go between it would not be worth it. What are people going to do to me if I play a hand bad? Call me a donk or something?

[doakes]

See thats the exact thing of the internet, its not like the card rooms, or casinos where some guy could potentially get some physical violence based on his decision making. But this is also for brokering large deals, I'm talking like the larger series of online tournaments or a bankroll for playing 20-25 $100+ buyin tournaments or even cash game play. I'm a firm believer that staking a player should be a long term contract between two people, an intimate relationship that isn't a 1 time deal type thing.

[dapfunkera]

Originally Posted by doakes

See thats the exact thing of the internet, its not like the card rooms, or casinos where some guy could potentially get some physical violence based on his decision making. But this is also for brokering large deals, I'm talking like the larger series of online tournaments or a bankroll for playing 20-25 $100+ buyin tournaments or even cash game play. I'm a firm believer that staking a player should be a long term contract between two people, an intimate relationship that isn't a 1 time deal type thing.

Like I said - if you you can find that kind of staking for someone they might be willing to give you say 1-2% of the winnings. It would come out of the players money though - not the stakers cut. I think it will be very hard since most people with that kind of money want to do the staking directly. now if you know people or friends who are interested in staking people and they are not directly involved in online poker than that might be worth it. Say you collected $5000 from partners and then you gave out the stakes to several top players. Then you might charge the players 51% + SB and then pass the 50% to the investers keeping 1% for yourself.

[onebarg]

Originally Posted by dapfunkera

Basically this site is doing what your are saying

This is the key here. We've got a middleman, we don't need another, especially since I can do all the work that comes with staking while sitting at my desk in my office doing my real job.

Originally Posted by doakes

But this is also for brokering large deals, I'm talking like the larger series of online tournaments or a bankroll for playing 20-25 $100+ buyin tournaments or even cash game play. I'm a firm believer that staking a player should be a long term contract between two people, an intimate relationship that isn't a 1 time deal type thing.

This is where you have my attention. Long-term, I'd love to get pieces of more large-stakes MTT players. Nothing I need to worry about yet, though.

[doakes]

Getting funding is never a problem, its finding a player who truly respects it. Finding someone who understands enlighten self-interest is hard to do, and I'm looking for that type of player. Who wants to be a business, and the internet is a hard place to find someone like that...You can mask your voice, your identity, and everything to be all what that person wants to see, but you can't get a true judge of character. I know I've grown up in the internet generation, but still I don't trust it :-p.

[dapfunkera]

go to the BAP section - the better players seem to hang out there.

http://forum.neverbeg.com/forumdisplay.php?f=17