Tom Dwan loses three million in Macau

Suited Frenzy

Suited Frenzy

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Just a small setback for a player of his caliber.

If a person can afford to lose millions in just a few hours &/or days then that would be most likely considered pocket change to them imo

He can also win that much in the same amount of time so it's not that harsh.
 
italiano

italiano

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I like your post but seem spam! It is easy to copy and paste items! Rome was not made in one day to another!
 
xtrigemino

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No big deal for him...next week he will win the same amount or more...high stakes works rolls in that way
 
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kmbpoker

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got to wonder if these kids have any idea that this money is more than just chips.
 
skrsh76

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he should be fine....he is probably thinking where to play next
 
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rhombus

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eek short change for some of the big Whales in Macau.

every member of Cardschat could stake him $50 each to cover his possible $5million losses
 
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Marsd

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its not surprising the way because of the way Tom plays- he likes to put the pressure on. Great player to watch for sure. I do miss seeing high stakes poker on gsn with him in it. I remember that one hand with Phil Ivery where he bluffed him for a million dollar pot, but ivey almost called with a weak pair or something-- great stuff-
maybe they need to send the cameras to these macau money pits
 
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nab76

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remember that odds are he was paid to go play there too he probably got an appearance fee just for showing up plus never had to spend a dime of his own money
 
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bernotas22

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eek short change for some of the big Whales in Macau.

every member of Cardschat could stake him $50 each to cover his possible $5million losses

I would never stake that fish Tom, one of the most overrated players out there
 
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mlgibbs78

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awesome Dwan.. people say he's kind of weak compared to other top pro's these days..
 
dmorris68

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Doubt this really hurt Tom at all. By all accounts I've heard, he's still likely up in that game.

Was listening to a podcast just today that interviewed the guy who originally set those Macao games up and brought Phil Ivey and Tom into the game. He continues to organize and play in them. He recounted just one game with a $25K buy-in, where just one of the Chinese businessmen bought in 36 times. The casino ran out of chips so they were writing IOUs on stacks of paper. He said by the end of the session there was $15M USD in chips on the table and probably another $10M in IOUs, and Tom had most of the chips in front of him.

I think the people saying Tom is a bad player clearly don't understand the depth of his game. He plays a high variance style so his swings can be huge, but he's in the very upper echelon of players when it comes to success at the tables. You don't luck your way into that, especially without big tournament binks.
 
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morris: he's not bad just overrated, anyone who loses 5 million to isildur can' be that great honestly, that's just a little too much to just lose, but players like him keep the better players profitable like Dan Cates who is a much much better player than Dwan
 
CAMurray

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Doubt this really hurt Tom at all. By all accounts I've heard, he's still likely up in that game.

I think the people saying Tom is a bad player clearly don't understand the depth of his game. He plays a high variance style so his swings can be huge, but he's in the very upper echelon of players when it comes to success at the tables. You don't luck your way into that, especially without big tournament binks.

This is what I've been saying all along. I don't suk at poker I just need to play at the nose bleed levels where my game would be relevant & appreciated.

:adore:


.
 
iec

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anyone who loses 5 million to isildur can' be that great honestly
Don't think the amount one is able to lose is in direct relation to skill level...
We know about hotruns etc., and other thing is we usually don't count poker results in absolute monetary values, but in blinds, so naturally even a good player at huge limit with a coldrun can lose vast amounts of money.
Compared to us they are simply another league in regards of skill as well, except some ultrarich gambler fishes who play there because they have the money and sometimes they don't even have to be called gamblers as the money has just entertaining value to them and they don't care.
 
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bernotas22

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iec; he wen't busto online at the time after that so the bb won/100 goes out the window, and im sure his bb/100 win rate was very good anyways v blom
 
dmorris68

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You say that like Isildur isn't a good player? He's an excellent player, he just liked to play well over his head (like multi-tabling HU against Ivey, Dwan, and Antonius at the same time). His fearlessness is what makes him such a feared player. That said, Isildur was busted too and disappeared from online play for awhile before he was apparently staked and made his way back up.

Jungleman is certainly a great player too, but the sample size was small enough and the variance high enough in their HU challenge games that it's hard to make an accurate comparison between them. Dwan has been far more successful that Jungleman (and most other cash game players) overall, so not sure how that qualifies as "overrated." And he's not had a major tourney win to pad his BR with, virtually all of his comes from grinding cash games. Don't see how one can survive and be successful for as long as he has and be "overrated." Give the man the credit he's due.
 
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morris: I strongly disagree with you saying Dwan is better than Cates, how so? definitely not online that's for sure, poker is about making money not about being as you say feared, and Blom's graph and results are horrible what I am curious about is how he lost so much money early on and still went on to win almost 6 million before wiring it to Hastings, and to this day he might be up idk 500k overall online based on the numbers, but obviously he has more than this im just talking cash on full tilt strictly and he gets sponsored so that's more money, again Im just not a fan of the guy that's all! Many Many players better than him and Dwan and if you ask around many pro's will agree with me that's why they all want to play him because they know he isn't quite as good as he is considered to be, also I wouldn't base or compare one player directly with another and say they are better since he beat him, it's who wins overall against everyone not who just beats someone else that bases who is the better player, oh and yes you can have some success and still be considered overrated but this is more of an opinion from me more so than a well known fact
 
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dumpy620_84

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wow it never fails at that level lose a million one day and win a million the next. I would be on a wild roller coaster but I guess they just think of it like play chips the way they just play these massive pots.
 
dmorris68

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morris: I strongly disagree with you saying Dwan is better than Cates, how so?
I didn't put it exactly that way, I said Dwan has had better results than Cates. But okay fine, I'll bite -- as we know, over the long term, results do favor the better players.

So how about point me to something that shows Cates has had better results than Dwan? Or even close to Dwan? Please back up your assertion with evidence rather than your liking one over the other and your questionable perception of their popularity among poker pros.

Since I'm asking you to provide your evidence, I'll put forth mine. The issue here of course with cash players is that their live winnings aren't all publicly reported or acknowledged, and since BF and the drying up of nosebleed online games, both Dwan and Cates have primarily transitioned to live games.

We can however look at a few different things to draw some conclusions as to how their results might compare.

First of all, let's start with their PTR earnings from FullTilt, which is where the highest online stakes were played, and where both made their marks on the poker world.

PTR FullTilt Earnings:
Dwan = $5,276,739
Cates = $4,194,143

Interesting note: Dwan's peak FT earnings were ~$9M, so he lost $4M before it went down. As I recall, Cates took about $1.1M of that in the incomplete Durrr Challenge. Also interesting to note that Cates played 3x as many hands and has a higher bb/100 despite the lower earnings, due I'm sure to the lower stakes he played. Cates also has a 97/100 Tilt factor compared to Dwan's 52/100, which isn't surprising as Dwan is cool as a cucumber at all times.

Okay, so let's look at their tournament results. Live tournaments are tracked fairly accurately, and although neither are known as big tourney players, both certainly have results. And neither are skewed by a single huge win, like Jamie Gold's or Antonio Esfandiari's would be. I'll note that even I was surprised at Dwan's results here, as I didn't remember him as being very successful in tourneys.

According to GPI and Hendon Mob, Dwan smokes Cates in virtually every category tracked. Total money earned, total popularity, you name it.

GPI Index:
Dwan = Currently #13962, Highest #147
Cates = Currently #29943, Highest #21491

GPI/HM Earnings:
Tom Dwan = $2,213,937
Daniel Cates = $572,697

HM All Time Money List Rank:
Tom Dwan = 380th
Daniel Cates = 1,876th

HM Popularity Rank:
Tom Dwan = 13th
Daniel Cates = 655th

Finally, we can look at the reports from the cash games they play, which of course isn't written down anywhere so we must base it off of hearsay and speculation. Dwan has been playing in the Macau games now almost every day for going on a couple years -- he *moved* there, it's now his legal residence. Do you think if he was bleeding millions and hurting that bad, he'd still be there? He's making millions off these guys. A $3M swing can occur in a single game at the stakes these guys play (which have reportedly reached as high as $18K/$36K, higher than anything ever played online, to my knowledge), while he's probably earned 10x that or more from these guys. Now let's look at Cates. I'm sure he's had some live cash success because he is an awesome player, but I can't recall hearing of anything significant. Honestly the only thing I recall hearing from Cates since BF was his involvement in the Lock Girah scandal and the beating his reputation took from supporting Girah and MA'ing on Girah's account. So I'm not sure where your view of his popularity in the poker community is coming from.

So there's my argument. I said Cates was a great player and I certainly stand by that, but show me how you back up your assertion that Dwan is "overrated" compared to Cates, and how Cates is such a better player than Dwan?

Now it's quite possible that Cates is Dwan's kryptonite -- sometimes those dynamics develop between players, where no matter what, one cannot beat the other, but outside of that there is simply no basis I can find to conclude Cates is the better player, if you're going to measure their success by their overall results
 
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bernotas22

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Your numbers are very off!

Dwan - http://www.highstakesdb.com/profiles/durrrr.aspx
Cates - http://www.highstakesdb.com/profiles/jungleman12.aspx

To Sum It Up By Profits
Dwan - FTP $2,165,475 (1079095 hands)
Cates - FTP $7,482,531 (286364 hands) + Stars $661,529 (106373 hands)
So Cates has a much larger amount in winnings and about in a 1/4 roughly of the # of hands that Dwan has played and is also a sizable winner on Stars

You cannot compare Cates V Dwan by Hendon or GPI because Cates basically plays no tourneys live and is a online player all the way, So Dwan is rated higher in popularity but clearly is not nowhere near the player Cates is online just goes to support my statement that Dwan is overrated!!! Cates is a much better player and if I was to choose to stake one or the other it wouldn't even be a contest! I would also like to add that Cates graph is very beautiful and Dwan's look like a roller coaster ride, Well I win the debate :D
 
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