{"id":1146,"date":"2016-08-05T16:06:15","date_gmt":"2016-08-05T16:06:15","guid":{"rendered":"https:\/\/www.top10pokersites.net\/?p=1146"},"modified":"2016-08-05T16:06:15","modified_gmt":"2016-08-05T16:06:15","slug":"crowdfunded-poker-popular-with-online-staking-platforms","status":"publish","type":"post","link":"https:\/\/www.top10pokersites.net\/news\/crowdfunded-poker-popular-with-online-staking-platforms","title":{"rendered":"Crowdfunded Poker Popular With Online Staking Platforms"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2016\/08\/crowdfunding-poker.jpg\" alt=\"crowdfunding-poker\" width=\"300\" class=\"alignleft size-full wp-image-1148\" srcset=\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2016\/08\/crowdfunding-poker.jpg 380w, https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2016\/08\/crowdfunding-poker-300x197.jpg 300w\" sizes=\"(max-width: 380px) 100vw, 380px\"><a href=\"http:\/\/www.thehendonmob.com\/alex_rousso\/how_does_staking_work\">Staking in poker<\/a> \u2013 which is the practice of investors putting up money for a gambler to play \u2013 has been around for long but until recently was it largely an underground activity and restricted within associates. Today online ventures like <strong>StakeKings<\/strong> and <strong>YouStake<\/strong> are bringing crowdfunding in poker mainstream and providing an access to a larger audience.<\/p>\n<p>Poker pro <a href=\"https:\/\/twitter.com\/tsarrast\">Brian Rast<\/a>\u2019s recent win of $1.2 million in an event at the recently concluded 2016 World Series of Poker has put crowdfunded poker in the spotlight. Rast, who hadn\u2019t been able to put up the $50,000 buy-in on his own, had staked his play on StakeKings. Several investors such as <strong>Nate Meyvis<\/strong>, a software developer and semi-poker pro, profited off Rast\u2019s win. Meyvis made $1,200 on the $60 he had invested.<\/p>\n<p>Such arrangements are often ideal for both players and investors as it allows the players to avoid making frequent large cash investments of their own while investors are able to make easy money. Staking in the traditional format was often a form of support with friends pitching to back a player. But such arrangements have pitfalls, with disputes occurring regarding terms of stakes which can take years to settle.<\/p>\n<p>Websites like YouStake act as the middlemen and offer those interested in staking <a href=\"https:\/\/www.top10pokersites.net\/top-10-poker-players\">poker players<\/a> a chance to participate in the game second-hand in a transparent and open manner.<\/p>\n<p>The website allows players to put up their request along with their credentials and then handles the collection drive and allows the backers to monitor progress through various channels. <strong>Frank DeGeorge<\/strong>, YouStake\u2019s CEO said that most of the users active on the website were not looking for a return on investment but rather the opportunity to take part in the action and the rush from watching others play.<\/p>\n<p>Meyvis who has used StakeKings in the past said that backers are looking for different things. In the bigger events it often the social aspect which attracts backers but in more poker-focused events, backers might be more keen on the amount of money won.<\/p>\n<p>A pro known as <strong>Limon<\/strong> said that poker is an extremely social game where those interested in the game want to be a part of the community. This at times also opens the door for scammers who pretend to be players but then go on to spend the buy-in fee without taking part in the tournament. However websites such as YouStake and StakeKings significantly lower these risks as the entire transaction remains transparent to the investor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staking in poker \u2013 which is the practice of investors putting up money for a gambler to play \u2013 has been around for long but until recently was it largely an underground activity and restricted within associates. Today online ventures like StakeKings and YouStake are bringing crowdfunding in poker mainstream and providing an access to&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crowdfunded Poker Popular With Online Staking Platforms<\/title>\n<meta name=\"description\" content=\"Staking in poker - which is the practice of investors putting up money for a gambler to play - has been around for long\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10pokersites.net\/news\/crowdfunded-poker-popular-with-online-staking-platforms\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crowdfunded Poker Popular With Online Staking Platforms\" \/>\n<meta property=\"og:description\" content=\"Staking in poker - which is the practice of investors putting up money for a gambler to play - has been around for long\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.top10pokersites.net\/news\/crowdfunded-poker-popular-with-online-staking-platforms\" \/>\n<meta property=\"og:site_name\" content=\"Top 10 Poker Sites\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/people\/Top-10-Poker-Sites\/100083090271104\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-05T16:06:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2016\/08\/crowdfunding-poker.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Sterne\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/AdrianSterne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrian Sterne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.top10pokersites.net\/news\/crowdfunded-poker-popular-with-online-staking-platforms\",\"url\":\"https:\/\/www.top10pokersites.net\/news\/crowdfunded-poker-popular-with-online-staking-platforms\",\"name\":\"Crowdfunded Poker Popular With Online Staking Platforms\",\"isPartOf\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/crowdfunded-poker-popular-with-online-staking-platforms#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/crowdfunded-poker-popular-with-online-staking-platforms#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.top10pokersites.net\/news\/wp-content\/uploads\/sites\/15\/2016\/08\/crowdfunding-poker.jpg\",\"datePublished\":\"2016-08-05T16:06:15+00:00\",\"dateModified\":\"2016-08-05T16:06:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.top10pokersites.net\/news\/#\/schema\/person\/845df6bb46bf5c723e7fbfe4aeead0d2\"},\"description\":\"Staking in poker - 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