It’s astounding how many poker players still fail to put their staking agreements in writing but a new service hopes to help streamline the process.
Officialize.it is a new website that lets two people enter into an agreement with each other by digitally connecting Facebook profiles.
The service can be utilized online and in real-time, which is perfect for online grinders who may hail from drastically different area codes.
Part of the agreement-based system is based on reputation. If anyone reneges on the agreement the other party can easily publish the complete document.
Because Officialize.it is web-based it’s available on Windows, Mac, iPad, iPhone or Android-based devices.
Staking Disputes Can Happen to Any Poker Player
Those who don’t believe a staking disagreement could happen to them would be wise to remember perhaps the biggest staking dispute ever at the 2006 WSOP Main Event.
Jamie Gold won $12 million, the biggest prize ever awarded at the WSOP, but partner Crispin Leyser nearly lost his portion of the prize (worth $6 million) in part because they failed to put everything in writing.
The bottom line is: don’t take unnecessary risks. You can also just write up documents manually, scan them, and send to your staking partner.
You can also use e-signature, which is hypothetically even more secure, but more complicated than Officialize.it.
However you do it, get something beyond a verbal agreement or text message.
Check out a video of the service below: