Would you split 4.25 million?

Don't read this is you haven't seen the final table at the WSOP yet and you want to be suprised.

The guy who finished second agreed to split his winnings with a friend of his who put up half of his 10k entry fee. I couldn't help but think that if i was in his position, i wouldn't be able to give up the whole 2.125 million when i was the one who played for six days, and all my friend did was put up 5k and watch. But being a man of my word, i'd probably have to, so having seen this, I decided i'd probably never get in such a situation, so i included a third option. SO be honest. no one will see how you vote.

-n

Absolutely, I would. If I was in that situation, I'd have to remember that I wouldn't even be there if it weren't for my friend ponying up half the buy-in for me.

I personally would not play backed...

However, Steve Dannerman, the man you are referring to, made an agreement with his friend that he would get half of whatever Steve won. There is a legal and moral obligation to fulfill this deal. I split the cash, but this question cannot generate true responses, because none of us have ever been in that type of situation with that much money at stake.

i agree i was just watching the wsop and i cant believe hes gonna give his friend that much........for helping me get the money together id give my friend maybe 200g tops and even thats a little to much

Would his friend really have a legal recourse if he wouldn't pay? Was kind of wondering about that.

I know I've never been in that situation (and probably never will), but seeing it got me thinking, and I have a painfully vivid imagination. As i said, i'm a man of my word, and if i made such an agreement, i'd honor it. But especially after seeing that, I'd never play backed either to avoid just such a situation.

SO yeah, the responces probably aren't 100% valid, but i just like to get people thinking.

-n

The agreement was that they both put up 5000 each and split if they came in the money> yes i would split it as agreed, a mans word should be golden and he should stick to it. I`ve had times when a friend of mine split on lottery tickets, we bought 100 dollars worth and we hit $2,200. I kept the tickets and he didnt even know what numbers we had, but as soon as the daily number came out and i knew we won i called him and told him what we won, the next day we went to the dog track and cashed them and split it. If a man cant keep his word he aint much of a man.>>>>>>>>>>>>>>>>>>>>>>>> buckster436

Yeah, but this isn't a loan.

Just watched it and most definitely would split it, I myself am a man of my word and if I was backed and agreed to split, without a doubt I would, because if it wasn't for his friend he wouldn't be there.


Edit: If a man cant keep his word he aint much of a man.>>>>>>>>>>>>>>>>>>>>>>>> buckster436
well said Buckster

My feeling is this about it, I consider for that amount of money $2.5mil yes that is a substanial dollar amount, which to me is considered to be an business venture and should be Honored. However even if it was a $1.00 ( lol ) been talking about that amount alot lately, is something not to be taken litely. I'll leave yall with a famous quote-A man that hath friends must shew himself worthy: and there is a friend that sticketh closer than a brother.

P.S. research this for your self, I dont want to say where I got it I might get told to leave ( AGAIN )lol.

SHERMSTICK

You have to give your mate the 50% here. As soon as you accept the deal you are honour bound to split any winnings, doesn,t matter if you win a dollar or 4.2 mil.

If you staked your mate half of the entry fee on the understanding that you receive half of all prize money won how much would you expect to get back.

As this is, an honest person must stick to the agreement no matter how painful it is to give up the cash. They may not have even been able to enter without the other person.

In addition: I too would never play backed. The average person could probably rub 2 or 3 credit cards together to get $10,000. I heard of a guy funding a movie that way.

Really, even stopping to think about is ridiculous. I mean you've just won 2 million dollars from a $5000 investment! What do you need the other 2 million for? It's just greed, and anyone who wouldn't share when they'd agreed to is scum. But then morals do seem to be a problem these days with a lot of people...

MrSticker: Kevin Smith financed a lot of Clerks like that. I also believe Robert Rodriguez funded El Mariachi in similar fashion. (At least until a studio picked up on his work and dropped some cash.)

Chicubs, yes there would be legallity. Steve said on national T.V. a couple of times the situation he was in. So I think that would be a legal binding oral contract. Either way I would have no problem parting with half of the largest sum I ever had. He would have to pay tax though.LOL

Perhaps gamblers have changed a bit.

Here in Vegas, if he didnt hold up his end he is done. Your word and reputation are not to be taken lightly.

There are games that go deeper than I personally want to risk. However, circumstances may dictate that the game is very profitable short term. I have the ability to coordinate funds when these circumstances align. (although I haven't tapped these resources in many years.) It is extremely important.

Back in the day, I would skip meals and miss the rent to pay debts as promised. A friend will to put up 5000 dollars for you to take on a field of 7000 players, deserves the money. That fiend believes, supports, and layed it on the line. Pay the man... besides that same friend will jump in front of a bus for you. Oh and when you lose your half, because you decide to go pro and play in cash games over your head... You can borrow another buy in from him.

Bill

I would definitely keep my word and split the winnings as I am sure Steve Danneman will. I just watched the final table today on ESPN and have to say I really enjoyed his play or should I say his approach to the whole experience. I was cheering for him but the Aussie played well coming from the short stack. He deserved to win.

Buckster, you said it all right there!!!! No question to split it!!

i agree with uncle chuckle: if you cant make do with half of 4 million, you have a serious greed problem. consider that just half a million could buy your dream house, polish off all your dept, and very likely put your kids through college. now multiply that by four. i dont think the average man could spend that extra 1.5 million if he tried, let alone another 2 on top of that.

unrelated:
im no pro, but it seemed like steve was wearing his tells on his sleeve. every time he had a big hand he got super giggly and chatty. sincere happiness = big hand, right? if he was like that the whole tournament (or at least once he made the money), im surprised he wasnt easier to pick off. [not at all disrespecting him, though, he obviously has some talent for the game.]

We are talking Poker here not politics, of course you keep your word.

How do you think his friend feels he stumps up the money for his friend and how was he to know he would win anything at all !.

The fact he gave his poker playing mate half the entrance fee and could have have had absolutly nothing.

So yes - split it after all a friend is a friend

IanT

Splitting it isnt as bad as it sounds. Now he has a good mate to go out with, and enjoy their winnings.

If it was me tho, I would want to give him the 5K back and a quarter or a third of my winnings. But if he agreed, then he should give half.

It's crystal clear what the right and honorable thing is to do in this situation. That anyone would even consider not honoring an agreement is a sign of a loose sense of personal values.

Hey Nate remind me never to buy a lottery ticket with you.

So what you are saying Nate is that it's ok for the friend to lose $5000 if his friend sucked at playing but if he's good he shouldn't get any of the reward for taking a chance and backing his friend? I don't think so. His friend was gambling on him. He won,i.e., came in the money, and as such he deserves his payout.

I think what your problem is the amount of money that has to be split. If the player came in say 20th and won $1500 would you have a problem with him splitting it? Or how about $20,000? At what point is the cut off?

Of course i would keep my word, if he is a good enough friend to STAKE (not lend) you 5k then he must be a good enough mate not to shaft.

Well isn't it the American way to sue when things like this happens? I would split the money if that is what I said I would do.

I would definetly split the money.. From what I've read they both had an equal stake in the game, and agree to split. Like buckster said, I always play lotto scratch offs. A lot of times one friend of mine and I buy our tickets together if either of us win we split it. It's not that I bought his or he bought mine, it's just what we do. We normally squander our winnings anyway. If we win $20 we go out to the chinese buffet.

My sister always brings me home scratch offs when she goes out shopping. If I win I split it with her.

If you agreed on something and someone has enough trust to give you their end up front, than it is only right to hold up your end of the bargain. Its not an issue of how much to give them, if you siad half the buy-in for half the winnings than you were playing for 50% of what you walked away with. His buddy gets half. Mine would.

If you read my post, I said I would never put myself in such a situation. Seeing that just made me think I wouldn't want to split the money, having done all the work. If I did make such an agreement I WOULD SPLIT IT, but having seen that situation play it's self out, I would never make such an agreement. I hope you all didn't get the wrong idea about me. Of course i'd keep my word, and i'm suprised that even one person voted 'no'. It just struck me as a unique and insane situation that I wanted to throw out there.

-n

They made the deal before the tourny. so yes, if it was me i would keep to the deal.

His friend knew the risks. He may have walked away with nothing if his friend did not finish in the money.
The guy sounds a "True" friend. How many friends do you know that would basically give you that sort of cash knowing you was going to "Gamble" it ??????

Fug`s

Steve Dannenman seems like a nice guy, but I lost some respect for him when they showed him on the phone a few days earlier bagging on Howard Lederer. Not cool.

Yeah, but are you telling me that if "no name poker schmuck" bluffs a pot from Lederer and gets away with it he wouldn't be telling everyone and his mom? It may not have seemed cool but it also was a "private" moment with his wife. I know I would have been talking smack to my wife if it had been me.
It would have kept me "pumped" up.
By the way I love Lederer, he's one of the classiest players out there.

I wouldn't get myself in such position. If i had a private "sponsor" for part of the buyin to such event.

We would make some kind of deal before the event began.
Like make the money 50/50
Top 50 = 60/40
Top 20 = 70/30
Top 5 = 80/20

Something like that i guess.

Regards

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