The staking contract is the underlying agreement of any stake. Most of the time there is no actual physical contract that is signed, in the majority of cases the staking contract is just an oral or even digital agreement.

The staking contract defines the important parameters of the stake. It clearly states who the two parties involved in the deal are. On the one hand we have the backer (also called the investor, staker), and on the other hand the horse (or player, stake horse).

Backer: Joe Miller

1. The subject of staking in poker, or any gambling related business, is tricky. If it's handled the wrong way, friendships are broken, money is lost, and nobody is happy. If done correctly, however, it can be a lucrative investment for the backer, and a valuable tool for the one being backed. Here is what a basic poker staking agreement might.
2. Poker Staking Agreement Af Tonny 15. December 2020 15. December 2020 Ikke-kategoriseret The Hendon Mob (www.thehendonmob.com) is a website best known for tracking live tournament results.

Staking – one person giving another person money to play poker in return for a share of any profits – has undergone a massive and rapid transformation in the pokerverse over the last few years. What was once a collection of largely private agreements mentioned primarily in rumors has evolved into a standard, public part of the poker.

Horse: Phil Hellmouth

The contract also defines the tournaments that will be played under the stake, as well as the time frame.

The stake is for 1.000 15$ 180 man SNGs. The stake is to completed within 3 months.

or

The stake is for 5 live tournaments at the 2016 WSOP, Event #5, #8, #15, #34 and the Main Event.

In addition to the tournaments the contract also specifies the share the backer carries of the overall action of the stake. The backer might take on the entire stake, or just a buy a piece of it.

The stake is for 30% of the total action.

Standard Poker Staking Agreements Template

or

Standard Poker Staking Agreements For Real

The stake is for the entire action of the horse in the given time frame.

Most importantly the contract sets the nominal backers cut (NBC), the share of the profits the backer receives. The NBC can also be expressed as markup. The NBC equals one divided by the markup.

The backer receives 80% of any profits.

Standard Poker Staking Agreements Rules

or

Standard Poker Staking Agreements For Dummies

The backer pays a markup of 1,2 on his shares.