A new and innovative U.K.-based poker site called “Stake Me To Play” will be launching on August 16 and will offer to bankroll skilled players who do not want to take on the initial cost of entering high-stakes poker games. In return, players must give up a percentage of their winnings.
The practice of staking has been around for a long time and sites such as sharkstaking.com and pokerstaking.com are already offering this service to businessmen who wish to make money off of good players and players who wish to minimize their risk. However, Stake Me To Play offers new features that other websites do not.
Players who sign up with Stake Me To Play and are accepted can make use of its 1250 sq.-ft loft in Essex where they can socialize with other poker players. This loft includes a poker table and pool table along with a “grinding room” where they can access the internet and play online. The loft allows them to avoid the feeling of isolation that often comes from being a full-time online player. In addition, its players are guaranteed a minimum monthly income to fall back on in case they have a losing streak along with bonuses such as trips to Las Vegas and the use of the company’s vehicles if they do well. Players also get access to free coaching sessions and subscriptions to top training sites.
Rumor has it that the profit split will be 60% in favor of the player. If this is true, it would be one of the highest profit splits known in the online poker staking world.
The minimum requirements that a player has to meet in order to be staked by the site has so far not been revealed. However, we can assume that only the very best players will qualify given the enormous benefits the site offers.
The site is having its launch party at the Aspers Casino Stratford in London at 8 p.m. This party will include a freeroll tournament for which the first prize is an EPT London seat worth £5000.