Entering staked-players into live tournaments has always been a hectic procedure.
At the moment, backers are not able to directly enter their players into live tournaments. Instead, they have to deal with the players directly who in turn buy-in to the tournaments.
Well, if backed players win or finish in the money, they cash-out and remit the backers’ share.
However, in the past, since the backers were at the mercies of the players, payment delays and non-payments were a regular occurrence.
In a new system proposed by Bill Perkins, the backers would be solely responsible for entering players into live tournaments as well as cashing out.
If live tournaments allowed backers to enter people and Collect the cash we would smash registrations records. If this can be worked out poker would BOOM again. #RandomPokerThoughts @partypoker
— Bill Perkins (Guy) (@bp22) December 31, 2019
Let’s do it!!! Let the behemoth take on complexity and sell simplicity. That’s what every tech company does. They sell simplicity. Should be able to do splits whatever at registration.
— Bill Perkins (Guy) (@bp22) December 31, 2019
The tweet got a lot of engagement from the poker community. Some people were against the players with one user replying that such a system will make players mere employees.
To me this sounds like the players are being turned into employees with no benefits. Kind of opposite of why a lot of people want to play poker. And boom applies to your stakes. Get online legalized throughout USA and boom returns at lower dollar level.
— [email protected] (@gypsy3121) December 31, 2019
if people had to fund their own entries poker would be a far better game without a world of horses with no concept of the value of the entry of the tournament #RandomPokerThoughts
— fundy (@imfundy) December 31, 2019
At the moment, only a handful of poker rooms offer this feature including GGPoker. Without a doubt, if all the poker rooms would offer this feature, it will revolutionize poker as we know it.
However, the system may have major drawbacks. For instance, if the current mark up system is done away with, players can commingle to build one big stack which can get very dangerous.
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