Poker Players Decry Phil Hellmuth Charging WSOP Investors 1.8 Markup

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formertroll

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i'm not a hellmuth fan by any means but it's probably justified, though if i were investing i would look at his individual results rather than his overall average. so basically a game of deal or no deal. put all the results in a hat and draw however many one is investing in and see if the estimated return is in that ballpark or not. an excel spreadsheet, random number generator and probably other such things would help if someone was serious.

i think he's also justified in a bit of margin by being a big name that people want to root for. it's no different than laying a bet in vegas on the knights or the warriors or lebron to score 50, just makes the game more exciting to watch.
 
playinggameswithu

playinggameswithu

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He is probably GOAT in MTT but variance is king in MTTs. I would never pay that scam price gouging ratio for his action. Johnny Chan the Man.
 
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celoshida

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if you want to invest in Hellmuth, you deserve to be hustled.
 
Vfranks

Vfranks

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I don't really like it, but I think that if someone wants to pay it then it's up to them.. so I guess my opinion doesn't really matter all that much since I have no stake in it :).
 
MeSayBeauxm

MeSayBeauxm

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The markup is ridiculous, but consumers make markets, so what you gonna do. The larger issue imo that I saw best stated by Scott Seiver is that it is essentially fraudulent to take money from backers and then purposely show up hours late for the tourney ... for whatever reason he does that for.
 
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formertroll

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The markup is ridiculous, but consumers make markets, so what you gonna do. The larger issue imo that I saw best stated by Scott Seiver is that it is essentially fraudulent to take money from backers and then purposely show up hours late for the tourney ... for whatever reason he does that for.

just to play helmuth's advocate a bit, everyone who follows poker knows he does that, so if you're betting on him you are betting knowing that just as much as knowing that Navy football will run the triple option about 100 times a game or that steph curry will shoot a lot of three pointers. either you agree with that strategy and bet on it, or you sit back and mock them (which is great against Navy, not so much against golden state haha)...
 
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formertroll

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do we know how much the backers made now that his series is pretty much over?
 
Honeybuns666

Honeybuns666

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I don't think I'd be worth it to invest in him for that but if people want to pay it let him charge whatever he wants. He does win an awful lot of bracelets. I wonder how much his backers made this year.
 
pirateglenn

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Phil Hellmuth and the Profit Band :)

I do not have an issue with this..

Phil is marketable, he is a persona and he wins...

If any other player in any other occupation had his history and also continued to be successful, they would command a lot more of a profit margin.

If a business is prepared to play then what other poker players feel is immaterial, its a business decision.

If i was as successful as Phil..1% would represent a really good deal

pirateglenn
 
hugh blair

hugh blair

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Nobody forced the backers if they want to give that or more that is their business.
Why does a man that won 15 bracelets want backers though without making a profit seriously that is the thing that surprises me.
Phil fair play though great results.
 
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ElRosado

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The consumer sets the market not Phil. He should get what he can get.
 
Terrell423

Terrell423

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It is justified.. hellmuth is Best tournament player of all time
 
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