J
Julio88
Guest
Makeup and markup are terms used in the poker staking world, but they have different meanings.
Makeup refers to a debt owed by a player to their backer. If a player is being staked for a tournament and loses, they may have to pay back the losses before receiving any further staking funds. This is known as being "in makeup".
On the other hand, markup is the percentage that a player adds to their buy-in when selling action to a backer. For example, a player may sell 50% of their action in a tournament for 1.5 times the buy-in. In this case, the markup is 50%.
So while makeup refers to the debt a player owes to their backer, markup is the premium charged by a player to their backer.
It's important for players and backers to understand these terms and their implications when making staking deals in the poker world.
Makeup refers to a debt owed by a player to their backer. If a player is being staked for a tournament and loses, they may have to pay back the losses before receiving any further staking funds. This is known as being "in makeup".
On the other hand, markup is the percentage that a player adds to their buy-in when selling action to a backer. For example, a player may sell 50% of their action in a tournament for 1.5 times the buy-in. In this case, the markup is 50%.
So while makeup refers to the debt a player owes to their backer, markup is the premium charged by a player to their backer.
It's important for players and backers to understand these terms and their implications when making staking deals in the poker world.
