A stake can refer to the amount of money a player must put up to enter a poker game.
In cash games, the term stake describes the typical 100bb amount players put up to enter a poker game. The online poker site or the casino determines the minimum and maximum amount of money players can buy-in into a cash game, which is referred to as a stake.
In MTT events, the term stake refers to the amount of money that players need to pay to enter a poker tournament. The stake in poker tournaments is fixed, and all players pay the same buy-in.
Poker Stake Example:
A 100 NL stakes refer to Texas No Limit Hold’em cash games in which a 100bb equals $100. This means that in this game, the BB is $1, and the SB is $0.5.
Based on the same principle, a 25 NL stake refers to a game in which a 100bb equals $25, which means that in this game, the BB is $0.25, and the SB is $0.10.
On the other hand, a $100 stake in a poker tournament refers to a tournament for which the buy-in is $100, and you receive a fixed amount of tournament chips after you enter.
The important thing to note here is that in tournaments, one portion of the buy-in (90%+) goes to the tournament prize pool, and another part goes to the tournament host as a rake for organizing the event.
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