nevadanick
Back to work ... zzzzz
Silver Level
and honestly if he is so good, why does he even need backers? seems he would have plenty of his own money.
There is an excellent explanation from a top player with backers on last week's Stars VIP Pokercast, episode 40. It's a segment interview of Paul Smith (scr: uclabruinz). Paul is a practicing attorney who plays with backers. The essence of the subject of backers is that the backers put up the entry and from any profits, they have to absorb the entry fees while the player pockets his profits, entry FREE.
Paul has the money to back himself and they address this in detail. Worth listening to.