Applying for Stakes
How-to: Applying for Stakes
Remember, there’s no begging for stakes on Part Time Poker - there’s only applying for stakes that have been placed in a Make A Deal Forum. People who beg for stakes will be warned and then removed from the community, so please save us both the trouble and follow the rules.
Before you apply for stakes make sure your Poker Sites account names and locations are set correctly in your Profile. To edit your profile, click on User CP in the menu at the top of the forum. You can set your PokerStars, Full Tilt and Bugsys Club user names under Edit Stakes Options.
Three steps to getting staked: Finding, Accepting, Closing
Step one: Finding a stake
- All stakes are advertised in the Make a Deal forums. Go to the forums and browse through the threads. Each thread contains a different stake offer. ONLY THREADS WITH COLORED STARS are open stakes. Greyed-out stars have already been awarded.
- IMPORTANT: You cannot apply for stakes that are closed / accepted already and more importantly stakes that you don’t qualify for. Don’t apply for stakes with a player’s name in the title – those are private stakes. Don’t PM or IM the person offering the stake. Everyone makes mistakes, but too many from the previous list will get you banned in a hurry.
- If you’ve made sure you fit the requirements for a particular stake and you’d like to apply for the stake, simply reply to the thread with ‘I apply’ and any information the staker has requested. Do not PM or IM the person offering the stake. The only way to get staked on PTP is to reply to the thread that the stake’s offered in.
Step two: Accepting a Stake*
- If you’re awarded the stake, go to your My Stakes area. The link to the My Stakes area is part of the group of links at the top of the forum (near your User CP and Members under STAKES). When a staker has selected you, there will be a new stake entry in your list.
- Each stake on your list has a status message on the far right of the entry. At this point, you may be waiting on the staker, so your status message will read ‘waiting for staker to confirm’. It often takes a few minutes for the staker to confirm the stake. Be patient.
- Once the staker has confirmed, your status message will be a link that says ‘Confirm Stake was Received’. Click it. You’ll be taken to a second Confirmation screen detailing how much money was transferred to you. and a time frame for the stake. Confirm the transfer in your PokerStars, Full Tilt, Bugsys Club or other poker account and click ‘accept.’
- You’ll be taken back to your My Stakes page. If you don’t see any records, just click on the ‘My Stakes’ link on the top under STAKES, or hit refresh.
- A rail thread is automatically created for you in the Staking Rail forum. A rail thread is a thread where you post hand histories from your play - it basically allows the forum / staker to verify you played the stake and play along, which is half the fun of staking. All stakes require a minimum, tournament/game ID and bust/win hand, however if your staker requires more, you must meet their requirements.
Step three: Closing the Stake
- After you’ve played the stake, you need to report the results. Reporting the results is CRITICAL to the site – without records, players and stakers have nothing to go on. You do not get ANY player points if you don’t report, making it harder for you to get stakes in the future.
- Win or lose, you still need to report. Go to My Stakes, click on the ‘Report Winnings’ link in the status message. Enter the amount won (EVEN IF IT’S ZERO) and hit submit. Report the TOTAL AMOUNT WON. The system will handle dividing up the win, paying back the stake, calculating the 5%, etc.
- Again, if you won, report the total amount of the win. If it was a loss: You’re done. Try harder next time.
- If you recorded a win: The stake status should now read ‘Waiting for staker to confirm winnings.’ You can PM or IM the staker to move the process along a bit. If you can’t see any of your stake records, just click on the ‘My Stakes’ link, or hit refresh.
- After the staker confirms, you will see a new status message that says ‘Pay Staker Share of Winnings…’ Click on that and it tells you how much to send back to the staker. Transfer the amount to the Poker account of your staker.
- Now you wait for staker to confirm receipt of payment. After he /she does, the status link will now read “Pay 5%”. Click on that and follow the instructions provided. This step is required, if you don’t complete it, neither you nor the staker get points. Payments for points that are over 7 days late will result in a staking ban. Transfers on PokerStars, Full Tilt and Bugsys Club can take a few minutes. If you get a failure notice, try clicking the ‘Pay 5% link’ again in 10 minutes or so.
The stake status should now read ‘Stake has been completed’.
