There are millions of poker fans spread across the world but not all of them have the opportunity to play poker on a regular basis. There could be a number of reasons for this which includes a lack of money, a lack of time and restrictions on travel.
PokerShares Helps Poker Fans Get Involved From The Outside
PokerShares is an interesting poker related website that allows users to bet on their favorite poker pros—and cash out when they do. PokerShares marries skill and luck perfectly, which allows punters to bet on a poker player playing live or online tournaments. Essentially, the website acts as a centralized marketplace for betting on poker players and events.
When Mike McDonald created PokerShares, he knew he wanted to reach out to the many poker fans who love to take part in the action without leaving the comfort of their homes. PokerShares gives users the opportunity to exactly that as users will be able to follow thousands of poker players, pick the player who you think will cash-in, place a wager on the place and then cash-in when they win.
How To Use PokerShares
There are two ways to bet on a player, depending on what you think will give you the most profit. First is by player shares. Buying player shares is like owning a virtual share of the player in a tournament. The payout is calculated by multiplying the prize money won by your player by the amount of shares that you own. For example, let us say you buy a 10 percent share of Player A who is playing at the €5,000 EPT Barcelona Main Event. If Player A cashes zero, you lose your money. If he cashes out and takes home say €100,000, you get paid 10 percent of the prize money and take home €10,000.
The amount of share that you have to pay for a player and a tournament is based on a mark-up, which depends on the skill of the player and the price of the tournament.
Second is outright betting, which works just like the usual betting structures. Bet a certain amount on a player cashing, final tabling, or winning the tournament and the pay-out will be computed based on the odds. For example, if you bet €100 on Player B cashing at the €5,000 EPT Barcelona Main Event with the odds 4.5, you get €450 if he cashes out.
Maureen McCarthy, former poker player and 57-year-old retiree, was one of the first punters to get into the PokerShares system. Since she started taking the bets seriously, she has been seeing a handsome profit for her efforts, earning as much as €14,000 in one bet.
In a statement, McCarthy said:
“For a lot of years, I’ve been watching, reading, and following poker media and poker players. I love to celebrate the big wins and I love the back stories on a lot of the players. It was just an interest that I had for a lot of years.”