partypoker LIVE events in 2020 will allow backers to directly enter their “horses” into tournaments.

Multi-millionaire hedge fund manager Bill Perkins has pitched an idea that will result in backers being allowed to buy-in staked players directly into partypoker LIVE events during the 2020 calendar year.

According to social media outreach via Twitter, the “Stream Boat” captain and partypoker collaborator believes that granting backers the ability to enter their horses directly (as opposed to backed players transacting with card rooms themselves) will spark a new poker boom.

The idea has been met with optimism and a desire to execute by partypoker partner Rob Yong, who suggests that staked players will soon be able to take advantage of the mechanism upon signing a waiver.

The Dusk Till Dawn proprietor subsequently confirmed that the idea will indeed be available for partypoker LIVE events in 2020.

Bill Perkins Justifies Need for Buying-in Staked Players Directly

The concept has provoked a number of questions from Twitter users, which has prompted Perkins to post several reasons for allowing backed poker players to bypass handling of funds and receiving payment for in-the-money (ITM) live poker tournament performances.

SnapShove app creator Max Silver comparatively believes that giving backers an option to buy-in for their horses would “work online very well” — with Perkins informing social media followers that GGPoker already has the feature in place.

Yong states that the partypoker LIVE brand already enables backers to pay entry fees for their players on a goodwill basis, but that the new policy will require players to formally grant consent for upcoming tournaments.

Should Backers Enter Horses into partypoker LIVE Events?

Allowing backed players to compete in real money poker tournaments without ever buying-in themselves could result in both benefits and drawbacks for regulated casinos.

For land-based events, such a facility could help alleviate logistics concerns for large tournaments while providing significant convenience to both players and venues when it comes to handling real money transactions.

On the other hand, the practice could also be viewed as unfairly stacking the deck against lesser-skilled players who may desire to compete against opponents who are likewise spending their own money rather than being backed by a corporation.

Backers buying players into tournaments could also be a way for casinos to manipulate/obscure customer purchasing data in an effort to avoid regulatory and media scrutiny and the liability that comes along with that.

As further pressures are placed on poker business interests to perform up to a revenue-based standard that justifies licensure in U.S. statewide markets, it will be interesting to see if the practice becomes more widely adopted in the poker industry… and whether it will truly create a “boom” as Bill Perkins suggests.

Read More Part Time Poker News Coverage

Phil Galfond to Face Chance Kornuth in Heads-Up PLO Challenge (Dec 29, 2019)
Poker Tournament Re-Entries Twitter Debate Continues (Dec 28, 2019)
Regulated U.S. Online Poker 2020 FAQs (Dec 17, 2019)

FOLLOW US ON TWITTER: @PartTimePoker, @gonzo787, @WoernlePoker, @dhubermex, @KaufmanGaming

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