What Does Mark-up Mean in Poker?
Mark-up in poker refers to the additional percentage a player charges investors on top of their tournament buy-in. It compensates the player for their skill and potential profit. For example, if the buy-in is $1,000 and the mark-up is 20%, investors pay $1,200.
When You Might Hear Or Use The Term Mark-up
Mark-up is commonly mentioned when players sell pieces of their tournament action to investors, especially in high-stakes events.
In-Game Example
Jane is playing in a $5,000 buy-in event. She sells 50% of her action at a 1.2 mark-up. Investors pay $3,000 for half of her potential winnings.
Strategy / Tips
Best Practice: Set a reasonable mark-up that reflects your skill level and the event’s difficulty.
Common Mistake: Overvaluing your mark-up, which can deter potential investors.
Pro Tips: Use your past performance data to justify your mark-up to investors.
Differences Playing Over the Table vs Online
In live games, mark-up negotiations can happen in person, while online platforms often facilitate the entire transaction process.
Alternative Names
None commonly used.
FAQs
Q: What is a fair mark-up percentage?
A: It varies, but typically ranges from 1.1 to 1.5, depending on the player’s skill and event difficulty.
