How poker staking works
1. Apply below using our poker player application form
2. SPI will contact you for an interview where we will discuss your poker background and the stakes that you want to play
3. Once approved you will be available for poker staking by SPI
4. SPI will fund your poker account and you can hit the tables
FULL BANKROLL POKER STAKES
For players that are interested in having a full bankroll staked, SPI will fund the player's poker account with a daily limit, which is a portion of the total staked bankroll. The daily limit is used for both SPI's and the player's bankroll management strategy. At the end of each day, if there are profits, those profits will be transferred into SPI's account, leaving the player with the original daily limit. If the player is in the red for the day, SPI will fund their poker account back up to the original limit. This will be discussed in more depth during our initial interview and will be included with the SPI poker staking contract. Profits and payments are discussed below.
Example of the daily limit process: Player is approved for a $2500 stake
When player wins -
When player loses -
BUY-A-PIECE (BAP) and HEEB STAKES
BAP and HEEB stakes are either one-time or on-going agreements where the player would like to be staked for specific tournaments. The application process for these poker stake types are the same as full bankroll staking. The player will just specify the tournaments for which they want to be staked in the application. The poker staking arrangement is over when the player has finished the last tournament specified in the agreement with SPI.
Once approved, SPI will fund the player's account for the total amount of the tournament buy ins. However, all BAP stakes will receive an exclusive listing in our available poker players section for SPI and our Approved Stakers to buy shares of the player's requested stake amount.POKER STAKING PROFITS AND PAYMENTS
For bankroll, HEEB and BAP stakes, all profit splits will be discussed during the interview process.
♦ Bankroll stakes
For bankroll stakes, poker profits will be paid out on a weekly basis. Therefore, all play is recorded on a Monday to Sunday basis. Make-up will be required for this arrangement. (Make-up is a term used to describe net profits for the poker backer. For example, if you lose $500 week one and profit $1000 in week two, a total of $500 of profits will be distributed in week two).
♦ BAP and HEEB Stakes
Profits will be paid out at the conclusion of the scheduled tournament staking arrangement. Make-up may be required, but typically will only be needed for on-going arrangements. This will be discussed during the interview.
SPI APPROVED STAKERS PROGRAM
The goal of SPI is to streamline the poker staking process. One of the ways we do this is by always maintaining a large pool of funds available to our poker players. Accordingly, SPI has a stable of approved poker stakers to allow SPI to continually stake players at all levels. As an approved SPI poker player, you will receive an exclusive listing on the site where SPI stakers can review your player profile and choose which player(s) to stake. This will make the current, forum staking structure more efficient for the players, stakers, and SPI as a whole. In addition, this program is great for players because the SPI management team will manage all aspects of the stake, and the amount of funds available to players will allow for high buy-in poker staking. This service will be available for full bankroll, HEEB, and BAP poker stakes.
For example, if Player X is approved for a $20,000 stake, this player will be listed on the site and made available for poker staking exclusively by SPI's Approved Stakers. If several stakers buy shares in that stake, all funds from the stakers will be transferred to SPI, and SPI will handle all money transfers with the player.
NEXT STEPS
Find out the benefits of being staked by SPI, what we want from a staked poker player, or apply now to be staked.
