What means "stake"?
Staking means funding part of the inscription fees of a player for a tournament, in exchange for a percentage of the winnings the player might receive.
Is it legal to stake a player?
Staking is completely legal : any person of age is free to fund, participate and play in all poker tournaments they wishe. Furthermore, winnings you collect from playing are not liable to tax unless they are your sole source of revenue.
Is it free to join MyPokerSquad ?
Yes, you will be able to freely access the website. However you will have to invest on a player to obtain tournaments shares and gain a percentage of the player's winning.
How can I follow the players' staking ?
During the staking process, you will find a gauge next to each player. It fills up each time a tournament share is purchased. As a result, the gauge indicates the aggregated sum of already funded tournament shares, as well as the remaining shares.
Can I get a refund on my shares ?
Your will get a refund on your shares if the player's staking is insufficient for him to participate in the tournament (ie the amount of the buy-in has not been reached). You will be reimbursed the amount worth your shares in the « winnings » section of your member account.
What happens when a player does not reach the staking aim ?
If the total amount of the shares is not sufficient to cover a player's participation to an event, the tournament's shares will be cancelled and the sum will be refunded on your member account.
Can I invest on several players and/or several tournaments at the same time ?
You can, and we advise you to do so in order to increase your chances of winning. You can invest on one or several players, for one or several tournaments.
How do I pay for my tournaments shares ?
Payment is completely secure whatever the payment method you choose (Visa or Mastercard, wire transfer, bank cheque, money order). At no point will MyPokerSquad be able to access your banking details.
In case a player reaches a rewarding ranking, what are my shares of the winnings ?
100% of the winnings will be split between the stakers in case of a rewarding ranking. Each tournament share gives you the right to a percentage of the winnings. The more shares you purchased, the higher your percentage.
For instance :
buy-in amount 1.000 €
your investment : 100 € ie 10% of the total amount
the player's winnings : 20.000 €.
Your winnings will therefore be worth 20.000 € * 10% = 2.000 €
How can I cash in my winnings ?
Your winnings will be payed out immediatly after we have cashed in the player's winnings. The amount will be credited to your player account. At any time you can withdraw your winnings via wire transfer through the website's interface provided for that purpose , or invest your winnings in other tournament shares.
Can I get access to my payment history on MyPokerSquad ?
You can. We securely keep trace of each of your payments. You can access and print your history from your player account.
How does MyPokerSquad select the players and the tournaments ?
Each time we suggest a player for staking, we check his history, his consistency and the credibility of his career path. We rely on our network of experts and professional partners to give you the most reliable, verified and clarifying information, while selecting for you the best players and rising stars of poker. Before any contract is signed, our correspondents set up a one to one meeting with the player to discuss his motivation and ensure his/her approach is in keeping with our conditions and spirit.
Is there a way to contact the player I am investing in ?
We maintain a close relationship with our players. Depending on the events and of everyone's availability, we organize as often as possible live meetings and chats on our website the day before each tournament. The blog and our Facebook page are also available to allow you to simply post your questions online.
How does MyPokerSquad benefit from this occupation ?
Our interface plays the role of a go-between and of a springboard for players, so we earn profit beforehand through organisation and management fees on each event. Every buy-in of the website includes indeed a 5% increase and the banking transaction fees are included in the tournaments shares' prices.
How independent from Casinos and other poker-dedicated websites is MyPokerSquad ?
No casino nor website holds capital from MyPokerSquad. We aim at becoming and remaining as close as possible to the world of poker and to the players. Our goal is to be completely independent.
If I have further questions, how can I contact MyPokerSquad ?
You can contact us on the blog or on our Facebook page to ask your questions and chat with the stakers community, or via email: contact@mypokersquad.com. Our staff will answer as soon as possible.
