Staking allows players to buy and/or sell and buy a percentage of their 'Action'
- Action' includes cost of their entry fee to the tournament, with an added player defined margin
There are no fees charged regarding the Staking Feature
GGPOKER
STAKING PLATFORM
What is Staking?
How Does It Work?
Sold in 1% increments for most tournaments and in 0.1% increments for tournaments with buy-ins above USD$5,000/CNY¥5,000
Any amount of your action, up to 90%, can be made available to Backers
Sell your action through the staking panel at the tournament lobby after registration
Actions of other players can also be bought through the staking panel
Once you decide to sell your action, your 'Staking Profile' page becomes accessible to other players
- This page provides info on tournament performances and records
History of any players selling action can be checked from the staking panel
SELL MY ACTION
- Press the 'Staking' tab to set your action in the tournament lobby you are participating in.
Buy-in is $10.
SET YOUR ACTION
- Since you feel you have an edge, you decide to sell your action at X2 the price of the tournament entry.
BUY ACTION
- 50% of your buy-in is sold at a mark-up of X2.
A Backer purchases 5% of your action for $1.
*($10(buy-in) x 5%(proportion)) x2(mark-up) = $1
SET BUY ACTION
- When you are In-The-Money and make a profit, the backer will receive an equivalent percentage of your winnings that they purchased.
STAKING INFORMATION
- If your prize is $100, your backer receives 5% of the prize equal to $5, and you receive the remaining prize of $95.
What If It's Cancelled?
- When a Seller cancels the sale of their action
- When a Seller unregisters from the tournament before it begins
- When a tournament is canceled for unforeseen circumstances
- Staking' tab is found in the tournament lobby of all eligible events
- After tournament registration, Sellers can set a percentage of their action for sale, as well as the mark-up that they wish to sell for
- Action can only be sold during the tournament registration period
- Sellers can cancel their sale at any time during this period
- Backers must pay the full amount of the stakes they buy, in increment of %1
- Stakes bought by Backers are only refundable under the following situations:
- When the Backer has purchased stakes from a Seller that has decided to cancel the sale of action
- When the Seller unregisters from the tournament before it begins
- When a tournament is canceled due to unforeseen circumstances
Day 2 Staking is also available!
- Players making it to Day 2 in phased tournaments can continue to sell their action
- The base price per 1% of the player's Day 2 action is calculated using the 'Adjusted for Stack'(AdjS) formula, which considers the starting stack of both Day 1 and Day 2
- Players are unable to sell any stakes when they make it to Day 2 or Final Day with less than their Day 1 starting stack
Auto Unregister
- Upon selling your action, you can set an 'Auto Unregister' threshold
- This allows you to cancel the staking of your action and unregister from the tournament when you do not sell the set amount of stakes
- This function can be toggled 'On' and 'Off'
A new way to share the excitement
- Support your favorite players and share the excitement while cheering them on!
- Buy a piece of your favorite players' action or sell your own share
- More social is more fun
Details and Limitations
This service is strictly for staking purposes. No other activity or intent is permitted through the staking feature.
You acknowledge the risk of financial loss when staking other players and additionally acknowledge that GGPoker bears no responsibility for any such loss.
You agree that your use of our ‘Sell Action/Staking’ services is at your sole option, discretion and risk.
You agree that by selling your action, the information on your ‘Staking Profile’ will be accessible to potential backers.
Auto Unregistration is not available under certain conditions:
- It is not available for Day 2 / Final Day Staking.
- It is not available for users who have entered a tournament through a satellite seat.
- It is not available for users who have been manually entered into a tournament for operational reasons.
Staking profit may differ due to each region's compliance, tax, and loyalty & promotions fee applied.
Terms & Conditions
- Players must be aged 19 and above to participate.
- All dollar ($, C$, and T$) amounts are in Canadian dollar currency (CAD).
- Any prize pools or guarantees are subject to change, and amounts listed on this website may not be current. Please check the guarantee amounts listed in the GGPoker.ca Game Client for the most up-to-date information.
- We reserve the right to modify, suspend or terminate any promotion, tournament or game feature at any time.
- We reserve the right to suspend, close, or take any action permitted in accordance with our Terms & Conditions and the Security & Ecology Policy for any fraudulent activity, or any such other actions which are in breach of the Terms & Conditions and the Security & Ecology Policy.
- The full Terms & Conditions may be found on the Homepage or in the GGPoker.ca Game Client.
GGPoker.ca standard rules apply.
Play Responsibly. www.ConnexOntario.ca
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