Learn More |
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Overview
At Wildstakes.com you can back or invest money in poker players,
much like you would back a horse. There are incentives or percentage
you win for backing players. They typically range from 50% on
up. Players choose Sit and Go's or Tournaments at land based
casinos. When they choose a Sit and Go or Tournament all Backers
are notified by email when this action will occur. If the Player
you've backed wins you will receive notification that day ---
and payment to your digital account within 7 days. We'll move
cash as fast we can from the casino and the player to you.
How To Back Players:
First click on 'View Products'. Choose a player based on their
record and incentive. Buy -- as you would any ecommerce product,
except you choose the value you want to input. The player must
play within a 3 week period. Those periods start every month.
Backers will receive an email when players choose a time and
place to play. If a player does not use monies in their account
you will receive an option to forward it to the next product
cycle without the service fee. The service fee is 5%.
Monies used:
Players use monies to pay Buy-In fees and House Fees. For example
a standard $100 Sit and Go will charge $12 to be paid to the
House. When you back a player you're paying their Buy-In and
the House fees.
Getting Paid:
If the Player you've backed wins you will receive notification
that same day --- and payment within 7 days. (We'll move cash
as fast we can)
Payout breakdown:
3 Parties get paid when a player wins. The Player, the Backer
and Wildstakes.com. The typical cut is 50% to the player 48%
to the backer and 2% to Wildstakes.com.
Minimum
Backing
$2 is the minimum and you can back as many players as you want.
Maximum Backing
There are no maximums. The players will play as much as they
want and your return is based on the incentive and your total
percent of their backing pot.
Backers:
People who put money behind players.
Players:
Contracted players who use backed funds to play Poker. |
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Products purchased |
| You can theoretically purchase a piece or entire stake of every product made available. At the same time it is entirely possible that one investment will play against another. |
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Risk vs. Reward |
| There are many ways to invest at Wildstakes. You can invest solely in top players, mid range, a combination of both or even those with the lowest rank, but the highest incentive. One way to reduce your risk is by purchasing pieces of multiple products, or hedging your bet. For the greatest individuals can purchase whole stakes outright. |
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The payout |
| When your player wins, their winnings are transferred to Wildstakes, where those winnings are distributed to the player and the investors. Depending on the wire transfer service this action can take from a few hours up to seven days. |
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Watching |
| Every product is tagged with a notifying agent. Each time a player actually plays a tournament the investor is notified and can instantly view the game in progress. |
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How it Works |
| We suggest that every user go play online tournaments at our partner sites to get the highest rank possible, review their status and try to become a Wildstakes Player. |
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What is the process of becoming a Wildstakes Player? |
| Once registered users can go play tournaments at one of our partner’s sites using their own money as they normally would.Our users play history is tracked from the moment they register and its viewable just to you until you become a Wildstakes Player. Users must play 14 tournaments to achieve an “Active” ranking. Prior to the 14th tournament Users receive a “Stage” ranking. Once Users have an Active rank they are automatically compared to all Active Players. The top 10% are notified that they have become Wildstakes Players. |
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What happens as a Wildstakes Player? |
| Wildstakes Players have a second account which they can use to play tournaments. The account shows the Player what Tournaments are available. The Player only has to click on a link to be entered and the stake paid. Wildstakes players are required to maintain their win loss record in the top 10% of all users or they are de-listed or removed as a Wildstakes player. |