Phil Helmuth can't afford One Drop buy in?

Phil Helmuth One Drop Buy in. Tricky!!

At 9% for $100k, he can sell 99% for $1,100,000.
If he sold all shares, he'd get paid $100k to go play
and retain a 1% stake (150k if he won)

Or he can sell 90% for $1,000,000 and retain a 10% freeroll !

Smart guy. He should start a hedge fund.

What can you infer about his bankroll?

Deleted your silly request and the response to it. If you don't understand why send me a pm.

RickAversion said:

At 9% for $100k, he can sell 99% for $1,100,000.
If he sold all shares, he'd get paid $100k to go play
and retain a 1% stake (150k if he won)

Or he can sell 90% for $1,000,000 and retain a 10% freeroll !

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11.1% of the buy-in goes to charity

I dont know why you would think Phil Hellmuth cant afford this. It isnt he cant afford it, it just would be absurd to spend $1mil on a tourney with all your own money. I bet a majority of the players were selling pieces of it. Very common practice when we are talking about tournaments with big buy-ins. A lot of pros actually buy other pros "pieces" of the action.

He can afford it, it would just be silly to spend a huge chunk of your BR on the one drop. There was probably only a little % of the field which had all of themselves, even the best like Scott Seiver and co would do swaps with each other so they can reduce variance and stuff.
Lots of the elite players sell at a good price also Jason Mercier does the same deal as Hellmuth, I remember seeing Mike Mcdonald selling 10% of his main event action for like 2.6k or something.

I almost shat myself reading the title until I seen what this thread really was. But yes, I've heard of players doing the same thing. He has the money.

I think almost nobody can really afford it, except the Billionaires like this Astronaut Guy Laliberte

As above - he probably could afford it, but why would you when you can spread the risk out? Would be genuinely surprised if many (if any - maybe Ivey?) of the poker pros who play this put up the whole million themselves when they could sell pieces.

Antonio Esfandiari definitely didn't have all of his own action when he won the first one.

Well, the question was more like:
If he started to sell shares and didnt raise enough, why he just didnt paid for the rest himself. But 1milion buy-in is really out of bankroll management even for most high stakes pros. Almost all of them are selling % even for smaller actions.

And about 9% for 100k. Thats 11% markup, I think its quite low. Famous poker pros usually take more. Maybe it was lower now because of that big "rake" for charity.

What does it mean to be "in form"? Never heard that term before

He has the money but give one mill for one tournament is to much.

He have the money or his bank go down ??

It wouldn´t be good bankroll management, or does he have at least 100 buy-ins, and are there enough 1 mio tournaments ?!

whowantwhat said:

What does it mean to be "in form"? Never heard that term before

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"in form" means playing your best or being 100% top shape. I would understand Phil's concerns if he's not playing well and confident, why put up a mil for one tourny. he'd be better off playing in smaller buy in s which would be less risk for him.

Daniel72 said:

It wouldn´t be good bankroll management, or does he have at least 100 buy-ins, and are there enough 1 mio tournaments ?!

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BRM doesn't really apply in this situation - as you've mentioned, it's probably the only $1M buyin tournament in the world, so it's not like you have to have 100 buyins to pad you against the swings of playing in these games on a regular basis because you can't play in them on a regular basis.

For this kind of charity event, it makes sense to sell shares. There's lots of people who might want to contribute to Guy's charity, and this provides people a way to contribute, and to passively be a part of the game as well, by enabling someone else who has a respectable chance of winning, to play. I don't think it's a reflect of Hellmuth's finances at all. If anything, it shows some very smart decision making.

i think it means that people doubt he has his normal edge in this game

PH wouldn't last very long in a field of that caliber and if he does, great. He has an image to maintain and not winning a small field, 1 million tourney while proclaiming to be the best player in the world wouldn't be good for that image.

LuckyBundy13 said:

PH wouldn't last very long in a field of that caliber and if he does, great. He has an image to maintain and not winning a small field, 1 million tourney while proclaiming to be the best player in the world wouldn't be good for that image.

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im not a big PH fan but i dont agree with saying he wouldnt last long just because he doesnt have his normal edge over the field. no one can really dispute he is dam good at the game and he would likely be given alot of respect in this game as well

Not one pro put the million, they all sale big % on the tournament.Only the biznismens can pay that bay in.Even Negreanu sold 40% or 50%.

LuckyBundy13 said:

PH wouldn't last very long in a field of that caliber and if he does, great. He has an image to maintain and not winning a small field, 1 million tourney while proclaiming to be the best player in the world wouldn't be good for that image.

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Gotta disagree - the field in these events is actually about as good as you could hope for. Yes it brings out some of the best players in the world (Ivey, Galfond, Selbst, Mercier, etc) but there are plenty of rich businesspeople who are just there for the lulz too.

Here's a list of the players - hell, they include Jean-Robert Bellande in the "pros" list, which tells you a lot:

http://www.pokerlistings.com/blog/full-player-list-and-bios-for-2014-1m-wsop-big-one-for-one-drop

Long story short, I'd say Hellmuth's skills stack up pretty reasonably against that field. People looking for a horse in the tournament could pick plenty worse investments...

whowantwhat said:

What does it mean to be "in form"? Never heard that term before

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i was thinking in some pushups or abs or maybe cardio, he he, me either, to be in form???

For everyone that tried to argue he had the money, PHs post tweet says he didn't raise the money in advance, sounds like an admission of failure to me.

If Phil had worked hard on his HU game, maybe. I dunno, personally I don't respect his HU game at all. He's an awesome MTT player, but that's about it. Not that I'm trying to detract from his accomplishments, I think he's really good at his niche. But also i think he's smart enough to understand he doesn't really have an edge in a HU tournament.

PH is an expert no-limit MTT player. One of the better players in the world. Get him in another game and often he's the fish.

Jean-Robert Bellande... hehe, now that's funny. Always hated having him at my tables because, and not because of his skillz. Just some people you dread sitting with, and he's top 5 on my list. I like playing with V. Selbst more, even though she'd take my chips, but at least I could talk poker with her at breaks and she was a professional at the table. Unlike others...