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My Part Time Poker Experience
2009-03-28 01:07:46

Curtis Thomas
  
 
It was a gray dismal November day. The chill in the wind was nothing compared to the chill I received at the prospect of having to, once again, drain my poker roll for beans, bread, beer and bills. I left a paltry $40 on PokerStars. There was no coincidence in choosing that number, I had turned $40 into over $8k earlier in the year. Could lightning strike twice?

I was going over my options: $1.10 SNGs, $3 and under MTTs, and/or .5/.10 cash. I can play TAG in those arenas and normally not go broke. Then I received the fateful call, it was my buddy Zac with info on a hyper-aggressive short handed .10/.25 live lag game. When I told him of my financial woes he staked me for the evening, $40. At the end of the night I had over $340, $150ish for me with a juicy cheeseburger on Zac.

I returned home buzzing from excitement and such and I remembered a poker staking site I had signed up for earlier in the year. I found the info, did some light reading up on the rules, applied for a stake, and almost instantly (boom!!!) manna from heaven had been transfered to my account to play a tournament. Nikbritain, that cheeky bastard, shipped me $3.30 (I think he just had a big score and was probably drunk.) The tournament did not go so great, I got in in AQ vs. KQ preflop in level IV and of course lost to a flopped straight. I was a nervous wreck, I had just lost $3.30 of someone else's money. Nik said "GG Sir" and I felt better and of course I owed Nikbritain cake.

The aforementioned site was www.parttimepoker.com, known to its members as PTP. Part Time Poker is a poker portal that is best known for it's poker staking forums. The staking occurs in two different ways:
1. BAPs - Buy a Piece. A player will sell shares of his action for a MTT, multiple MTT's, cash games, and/or SNGs.
2. Applying for a Stake - Backers will post stakes in the Make a deal Forum and horses can apply for the stakes, if qualified.

I received my first stake but I was having a hard time getting another one, so I posted a question asking how new members can get staked. The answer was unanimous, "place a couple of stakes yourself". So I did and with-in a couple of hours I had a solid horse running a $4.40 180man and I began to get accepted for stakes. Backers do not want to throw their money away. They are looking for people who have winning stats and people they can trust. A player that backs other players shows a level of commitment.

I made enough dough on PTP to start backing my favorite player, me. My bankroll was over $250 with-in a couple weeks of my first stake, not so great but not so bad. I then received a private stake from an RPT member who saw me on PTP. I more than doubled his $250 with my Full Tilt action and I had my bankroll up over $1200 by the end of December.

Going from $40 to $1200 is no huge feat obviously but it opened my eyes to another revenue stream for poker. I still look for stakes above my average buy-in (good luck with that Hokum) and I still invest in players. One of the players I invest in is a PTP member named Shlune. Shlune is a great example of how beneficial PTP can be for a players bankroll. Here are a few examples of how this cat runs:
1. One his BAPs
2. One of his investments (how to turn $10 into $1500)
I will continue to invest in Shlune. He runs a tight ship and is a solid consistent player, exactly what I am looking for in a horse.

The major concern on the site is rolling. While it is no fun if a horse loses at the tables, it is expected. What is not expected is if a horse has a big win and the backer never hears from the horse again. Or if the horse just takes the money and vanishes. Because of this, the site has very strict guidelines and does not hesitate to ship members gear or to ban members. There is no begging and if someone is acting shady they are gone. The site tracks IP addresses and multi-accounting is not allowed. The site instills a confidence in it's members because of it's strict rule enforcement. Common sense is key when investing, there are plenty of established players who would love to make you and themselves some money.

From .10c to $10k, there are stakes for every buy-in on PTP. There are micro stakes for SNGs where the backer is willing to train you and there are BAPs for the WSOP. PTP regulars love the site for good reason: traffic is high, the site runs great, the site is well maintained, and the moderators take care of business professionally. I poked around on a handful of other staking sites but they all seemed to pale in comparison to PTP. I will continue my relationship with PTP and since I am heading to Europe, once again draining my bankroll, I see a BAP on the horizon.

GG GL

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choonchan Says:
 

Posted On: 2010-08-19 22:55:55
choonchan Says:
 

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choonchan Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

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lymanknap Says:
 

Posted On: 2010-08-04 15:46:38
pedro428 Says:
 
hokum let me know if you are coming to lisbon Portugal.

Posted On: 2009-04-05 02:28:15
y0m0ny Says:
 
You are a terrific writer, excellent teacher and "The Great Path Finder. Thanks for your assistance. I will look into the site for backing that you reccommend as I am now following many of your instructions. Having been around poker for over 50 years I've done my share of player backing and obviously I'm been doing something wrong because I have never seen a penny. Looks like there is a better way. NEED HELP Want to make a deal on my pokerstars cash account. Keep an eye on me for a great return with no investment on your part. ULTIMATE COACHING jim "y0m0ny" schatz

Posted On: 2009-04-04 11:42:48
Cary Says:
 
I'm doing well so far, I'm making money for all those who have faith :)

Posted On: 2009-04-03 21:19:40
Jonny Says:
 
Ha nice I gave you a pretty small stake on there too right when i was starting there too =D

Posted On: 2009-03-31 01:41:03
Cary Says:
 
I went through everything and got the hang of it so far. Got my first stake going :)

Posted On: 2009-03-30 14:14:33
hokumfool Says:
 
"everything you need to know about staking" http://forum.parttimepoker.com/showthread.php?t=219871 "staking faq" http://staking.parttimepoker.com/staking-faq/

Posted On: 2009-03-29 14:57:20
Cary Says:
 
I took your advice and I'm signed up and confirmed on the site. But, man is it confusing for first timers like me. So many damn acronyms and jargon AAAAHHHH. Where's the staking for dummies book?

Posted On: 2009-03-29 14:23:31
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