What Does Backing Mean in Poker?
Backing refers to the financial support provided by a backer to a poker player, covering their buy-ins and tournament fees. In exchange, the backer receives a portion of the player’s winnings.
When You Might Hear Or Use The Term “Backing”
Backing is often discussed in high-stakes poker circles where players may not want to risk their own money, or when a talented player lacks the bankroll to play in larger games. It’s also common in tournament play when discussing staking deals.
In-Game Example
A professional poker player enters the WSOP with the financial backing of an investor. If the player wins, the backer takes a predetermined percentage of the prize money.
Strategy / Tips
- Best Practice: Clearly define the terms of the backing agreement, including percentages and repayment terms, to avoid disputes.
- Common Mistake: Entering a backing deal without understanding the financial implications or the pressure it may add to your gameplay.
- Pro Tips: Build a trustworthy relationship with your backer through consistent performance and transparent communication.
- Differences playing over the table vs online: Backing agreements are more formal and documented in live games, whereas online backing might involve less formal arrangements.
Alternative Names
Staking, Sponsorship
FAQs
Q: What percentage of winnings does a backer typically receive?
A: The percentage varies but often ranges between 50-70% of the winnings after the initial buy-in is deducted.
Q: Is backing common in cash games?
A: While more common in tournaments, backing can occur in cash games, particularly in high-stakes situations where variance is high.
Related Terms
- Stake
- Deal
- Bankroll Management
Additional Context
One important aspect of backing is the concept of online poker where players can enter global tournaments with the backing of investors, making it a vital part of the poker economy.
