OPM
What Does OPM Mean in Poker?
OPM stands for ‘Other People’s Money’. In poker, it refers to using funds from others, such as through staking or backing arrangements, to play the game. Online poker often involves such arrangements to manage higher stakes.
When You Might Hear Or Use The Term OPM
OPM is often mentioned in conversations about bankroll management, staking deals, or when discussing tournament entries funded by backers.
In-Game Example
A player enters a high-stakes tournament using OPM from a backer, agreeing to split any winnings according to their staking agreement.
Strategy / Tips
- Best Practice: Clearly define terms and expectations with backers or investors before playing.
- Common Mistake: Failing to manage funds responsibly, leading to potential disputes with backers.
- Pro Tips: Use OPM to take shots at higher stakes games you are comfortable with, enhancing your potential return without risking personal funds.
- Differences Playing Over the Table vs Online: Online staking might involve complex tracking and agreements, while live games often require more personal trust and negotiation.
Alternative Names
Backing, Staking
FAQs
Q: What is the primary benefit of using OPM in poker?
A: It allows players to participate in higher stakes games than their personal bankroll might allow, potentially increasing their earnings.
Q: What should I consider before accepting OPM?
A: Ensure you have a clear agreement on profit shares and have trust in your backer’s intentions.
