PROPATH LIVE MTT STAKING OFFER

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We’re excited to work with you!

The Next Step to be part of Standard Backing

Review offer

Carefully read all the details of the offer and agreement. You can find all the information below.

Accept Offer

If you like the offer, click on "Accept offer​".

Sign Contract & Verify your Identity

Once you’ve accepted the offer, our team will guide you in the next steps to send in all the required documents, including verifying your Identity.

On-boarding process

After all the boring paperwork is done, you’ll be ready to access the funding, coaching and community you’ve been looking for.

OFFER DETAILS

This offer is valid for 7 days.

Let’s assume you play 100 entries at a $500 ABI = $50k in buyins and cash for $120k and use all of the coaching credits ($1.5k)

Profit would be calculated as $120k cashes – $50k buyins – $1.5k coaching credits = $68.5k profit x 20% bonus = $13.7k bonus for you

20% of our profit after coaching

<$400

$400-$600 – if fields are >250

$600 – $850 – if fields are >500

We partner with https://cncpoker.com/ 

By working with us, you’ll have a FREE Global or Brasil membership which will get you access to the best and most up to date coaching available.

You’ll receive 3% of the action we buy (and are played) in CNC coaching credits to use on CNC to tailor your experience to your needs.

Credits are applied in the first week of the subsequent month that you play an entry.

All tournament entries are bought at face value (1.00 markup).

Bonus would be released after 100 entries are played.

Bonus would be released after 100 entries are played (see ending early below).

You have 18 months to play 100 entries, the 18-months is a rolling time period.  An entry (and its results) is no longer counted towards the 100 entries after 18 months.

If there’s no profit after 100 entries you can choose to replace the 101st entry for the 1st (and so on) until there is a profit or you choose to do a new contract / new bonus cycle.

We will have an exclusive relationship with you for your poker playing.  This means that while you’re working with us you cannot play anything for anyone else (including yourself) without our explicit, prior permission.

 

For a tournament to count as an entry at least 25% of it must be offered to us (we can choose to take less and it would still count. But if we take 0% it would not count).  You can sell us a maximum of 100% of a tournament – in this case you wouldn’t be able to sell to anyone else (including yourself).

Once a tournament is sold it cannot be renegotiated or %s changed.

You can end the deal at any point, but you’d only receive a pro-rated amount of the bonus. 

As an example if you quit after 60% of entries are played you’d only receive 60% of the bonus.

You are not required to sell any entries to us.

The way the deal will generally work is like this: You email us at [email protected] with the details of the events (Including a link) you want to sell and how much you’re looking to sell.

We will also make a whatsapp group in order to facilitate communication.

As an example: 

You’d message us saying something like:
Looking to sell 50% of 4 entries into the $500 Reunion

https://www.wsop.com/pdfs/structuresheets/structure_4865_19731.pdf

 

We’d reply with something like the following that’d include the markup for each event:

We’ll take 50% @ 1.00 of all entries = $1k

 You’d agree to take the offer (or reject it).  If you accept the offer we’d then discuss how to get you the funds. If you reject the offer then we’ll have no claim on the entries and you can fund the event in any way you want.

Looking to sell 50% of  4 entries into the $500 Reunion
 
We’d reply with something like the following that’d include the markup for each event:
We’ll take 50% @ 1.00 of all entries = $1k
 
You’d agree to take the offer (or reject it).  If you accept the offer we’d then discuss how to get you the funds. If you reject the offer then we’ll have no claim on the entries and you can fund the event in any way you want.

1) The contract covers any events you decide to sell us in the future (we’d agree to it in writing via email or whatsapp).

 

2) As part of the contract process we may run a background and credit check. For which we may need additional information

 

2) You need to let us know the results of the tournament within 24 hours of completion.  You’ll need to provide the receipts, if you can’t provide a receipt (for any reason) you’ll need to repay us the buyin to the tournament.

 

3) If you sell action in the agreed upon tournaments to anyone else (including yourself) you need to let us know.

 

4) You need to return any funds due to us within 7 days of the event completion.

 

5) If you’re planning on playing more than 1 entry for any event please let us know beforehand, but even if you don’t tell us this contract will cover any subsequent entries in the same event as well.

 

6) In last-minute events we may not have enough time to get you the funds.  In those cases we will get you the funds after the event is over.  If you cash in the event you would still owe us our share.  If you don’t cash we’ll send you our share of the buyin as soon as we can.

Q: How do deals at Final Tables work?

A: It’s up to you.  We’ll likely be available to advise on whether a particular deal is a good deal, but generally it’s up to you.

 

Q: How do re-entries work?

A:  We prefer to agree to all re-entries ahead of time so that we’re on the same page.  But once you sell 1 entry to us, it’s assumed that we’re going to have the same percentage of all subsequent entries.  This is to avoid confusion over whether a re-entry was included or not.  We generally do advise players that re-entering under 40bb is probably -EV.

 

Q: How will I get the funds to play?

A: It depends on the events but either Zelle or an ACH to your account.  If those options don’t work we can discuss alternatives.

 

Q: How will I send back winnings or unused funds?

A: It depends on the amounts, but either Zelle, or cash at the event if we have someone there.  Depending on the amount possibly we’d ask you to send a wire or deposit a cashier’s check into our account. If those options don’t work we can discuss alternatives.

 

Q: If a tournament has extra non-monetary prizes how are those split (e.g. a car, entry to another tournament, player of series award, gold bracelet)?

A: Typically we’ll get a prorated amount of what we bought, unless it’s something like a WSOP bracelet.  So if we bought 50% of action and you win a $50k car you’d owe us $25k.  If you win an entry to another tournament, we would get the same % of the entry you won as the tournament you won it in.

 

Q: Is there any coaching included with this agreement?

A: We’ll commit 3% of the staked funds towards coaching.  Coaching credits start accruing immediately but will not be accessible until you sell and play through $5k+ of staked funds.  Coaching credits will get released in $50 increments. Once you sell us and play through 50 entries we’ll also let you access our weekly group sessions for the next 12 months. Your options for using the coaching credits will be either setting up 1 on 1 sessions with Standard Backing coaches https://standardbacking.com/our-coaches.  Or you can use the credits on group or 1 on1 sessions on https://cncpoker.com/

 

Q: How do I use the coaching credits?

A: Your options for using the coaching credits will be either setting up 1 on 1 sessions with the Standard Backing coaches https://standardbacking.com/our-coaches/.  Or you can use the credits on sessions done by https://cncpoker.com/.

Standard Backing Team,