ChipMeUp Earns Investors $2,816.66 From A $5 Investment

Staking fellow poker players for a slice of their action has always been an accepted part of the poker business but now ChipMeUp.com has given the larger poker community a chance to get in on the action too.
The ChipMeUp website provides a list of poker players and the tournaments which they will be entering, both live and online, and interested punters are then able to buy shares or a percentage of them for any given tournament. Considering the class of the players offering themselves up for staking on the site their exists ample opportunity for punters to make themselves a tidy profit if they choose wisely.
The most recent ‘stakehorse’ who earned his backers a healthy return on their investment was “equinespy” after coming in third at PokerStars’ Sunday’s World Championship of Online Poker’s Event 26 for $141,048. The lucky investors who bought a 2% share of “equinespy” aka Mark Griffiths’s action for $5 netted $2,816.66 each.
High profile poker pros regularly make an appearance on the site and past winning stakehorses include Erik Seidel who paid $811.91 per share after winning $162,382 at the WSOP #49 and Tony G who’s shares were worth $5,596.50 each after coming in third at the European Poker Tour’s High Roller event for $559,650.
Players who will soon be entering various tournaments and who’s form are currently being studied on ChipMeUp as potential earners include online Aussie specialist rkruok , Tony G, Thomas Bihl, Kathy Leibert and Aussie Millions winner in 2009 Stewart Scott.
The site also offers auctions whereby players can bid on tournament tickets at a fraction of their normal prices, such as one fortunate winner who for $188 received a $25,000 Ashes Cricket Tour package including flights, accommodation, tickets, and extras.
This innovative poker staking site is certainly proving a hit with many fans in the poker community and as the 2009 WSOP Main Event Final draws near one lucky prospector will certainly be pleased with his 77 cent investment which bought him a 0.02% slice of Phil Ivey’s action at the tournament and a potential payout of up to $17,000.