Poker Players Get Backing

November 18, 2008

Whenever a poker player comes to any sort of big game, many wonder if they are able to do it on their own, or if they have help behind them. The buy-ins for many poker games are thousands and thousands of dollars, and they may not be able to pay that themselves. Some bigger name poker players might not need the entrance fee, but many of the smaller poker players do.

Many times they can play at another poker game and win their entry into a larger game, which saves them the hundreds or thousands of dollars that it would have cost them to try and enter. For many this is tough because if they don’t have backing they can’t afford to enter – and if they do manage to enter, they really can’t afford to lose.

Without backing or the money to do it yourself you could be the best poker player in the world, it won’t make any difference because no one will see you play. If you do manage to get a backer, you will need to pay them part of your winnings, as they are essentially betting on you.

Case in point, Russian Ivan Demidov placed second in the World Series of Poker. He won $5.8 million for his ranking, and said that he had a backer that he would be sharing it with. He has a Russian financial supporter who would be getting a large share of that money – in fact, his backer will walk away with more of the winnings than Demidov did.