Backing
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
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.
