Tournament Staking -
Back Your Favourite Players

Tournament Staking - How It Works

The "Staking" tab is found in the tournament lobby of all eligible events.

After registering for a tournament, sellers (players selling their action) must set the percentage of their action for sale as well as the mark-up that they are selling it for. Players can value their actions however they see fit. Don't forget to add in a word or two under Personal Notes so that buyers can know a bit more about yourself as a player!

For example, if the buy-in for the event was $10, you might be determined to sell your action at 2x the price of tournament entry because you felt that you had an edge and a good chance of turning a profit.

Let's say you ended up selling 50% of your buy-in at this markup of 2x. This means that a backer who purchased 5% of your action paid $1 in total. In the event that you made a profit, this backer would receive the equivalent percentage of your winnings that they purchased. If you won $100, your backer would receive 5% of your total pay-out as a result, which would be $5.

As a seller, you can also utilise the auto tournament unregistration function. With this function, you can set the minimum limit of shares that has to be sold to remain registered in the tournament. If this minimum limit is not reached, you will be automatically unregistered from the tournament.

Everything Else You Need to Know

1. 1) To sell action, the sellers must register for the tournament and set a markup as well as how many shares they want to sell. Action can only be sold during the tournament registration period (before late registration), and sellers have the right to cancel their sales at any time before the tournament starts.

2. 2) If the sellers wish to sell actions with multiple re-entries into a tournament, they must use the Multi-Entry Staking.

3. 3) The Share Dilution option will be enabled when they use Multi-Entry Staking.

4. 4) With the Share Dilution option enabled, each buyer’s share will be diluted depending on the number of re-entries.

   • If the buyer bought 20% of the share, and the seller they staked on re-entered after a knockout, increasing the seller’s total entries to two entries, the buyer’s share would be diluted to 10%.

5. 5) To buy action, buyers must purchase stakes in increments of 1% (or 0.1% in the case of some high-roller events). Buyers must pay the full amount of the stakes they buy.

6. 6) Stakes are non-refundable except in certain specific situations:

   • If the seller subsequently cancels the sale of their action, or

   • If the seller unregisters from the tournament before it begins, or

   • If a tournament is cancelled for unforeseen circumstances

7. 7) Sellers are paid for the stakes they have sold when they win or are knocked out of the tournament.​ Any tournament prize money that a staked player wins will be distributed automatically amongst their backers in proportion to the stakes purchased.

8. 8) Once a player opts to sell their action, their 'Staking Profile' page will be accessible to potential backers. This profile provides a history of the player's tournament performance records.

9. 9) Auto unregistration is unavailable under the following conditions:

   • It is not available for Day 2 / Final Day Staking

   • It is not available for players who have entered a tournament through a satellite seat

   • It is not available for players who have been manually entered into a tournament for operational purposes