Whatever 1 Posted June 13, 2005 Share Posted June 13, 2005 "I used to play 80/160 with a $3200 bankroll". "If I go broke I'll be fine, believe me"Great quotes. I doubt if his bankroll is as high as 15M but I could certainly be wrong.The thing that's funny is Daniel has said that he doesn't believe in banks. I think he said he has a total of 300k in banks. Almost all of his money is in chips in various casinos. Link to post Share on other sites
amarillotg 0 Posted June 13, 2005 Share Posted June 13, 2005 "I used to play 80/160 with a $3200 bankroll". "If I go broke I'll be fine, believe me.from this quote, and the interview its taken from, it sounds as if he can't afford to drop 4.5 million to barry. i doubt he is worth as much as everyone thinks. don't forget that when he was down 1.3 million in the big game that one time he stated that he was definitely not comfortable losing that much.just my .02 cents. Link to post Share on other sites
ajs510 122 Posted June 13, 2005 Share Posted June 13, 2005 After reading through about half of "The Professor, the Banker, and the Suicide King" I've realized how smart poker pros are about the whole "bankroll" issue. They have a standing rule that any money that is taken out of play (for investments, savings, etc) does not go back into play. They keep (comparatively) very small bankrolls devoted solely to poker (Ted Forrest had an approximately $500,000 bankroll as recently as 2001, despite the fact that he had won approximately 5 million dollars in the previous year). If poker pros "get broke", they borrow from each other to get healthy again, they *never* pull money from the real world back into the poker world. Once it leaves the table, it doesn't come back. Just wanted to use this example to illustrate the difference between "Bankroll" and "Net Worth". DN is probably has a net worth in excess of 10-15 million (with investments, endorsements, salary from the Wynn, real estate, etc) but his actual poker bankroll wouldn't even remotely approach that figure. Link to post Share on other sites
alf13 0 Posted June 13, 2005 Share Posted June 13, 2005 A) Its pocket change to him' date=' after all he spend almost 4 Billion on the place..[/quote']Come on....may I suggest that you delete that part of your post...it makes you seem naive or foolish.Wynn spent roughly around 160 million on the Wynn by putting up the land he owned....."INVESTORS" spent the 4 billion. :roll: Link to post Share on other sites
Meatwad 0 Posted June 13, 2005 Share Posted June 13, 2005 I think his bankroll is $1000 and he has one hell of an AMEX bill. Link to post Share on other sites
HRFC 0 Posted June 13, 2005 Share Posted June 13, 2005 I wrote to DN a week or so ago about Wynn backing him and he quickly came back to me and said he was not being backed by Wynn. He said it was his money.As to DN's net worth it is not nowhere near 10mil. Probably around 2 mil at max. Read the book "The Banker.." and you will have a very good idea as to how much the best have to gamble with. Daniel only has to come up with 500k to play these challenge matches, since he does not believe he will ever lose it all and will win in most cases. It would do DN good to read the book and see what happens to the best of the best in the short haul. In addition Jennifer would stake him if necessary and I would not be surprised if more than one person did not have a piece of the action. It may all be "Daniel's money" but that doesn't mean it all came out of his pocket. Link to post Share on other sites
JBradburn6 0 Posted June 13, 2005 Share Posted June 13, 2005 Paul Phillips' blog today had a paragraph about Daniel's heads up matches.http://extempore.livejournal.com Link to post Share on other sites
HRFC 0 Posted June 13, 2005 Share Posted June 13, 2005 Check that link as I couldn't get it to work. Link to post Share on other sites
Meatwad 0 Posted June 13, 2005 Share Posted June 13, 2005 Check that link as I couldn't get it to work.take off the www before extempore Link to post Share on other sites
JBradburn6 0 Posted June 13, 2005 Share Posted June 13, 2005 Took off the www, the link should work now, thanks Meatwad. (P.S. I love Aqua Teen, it's an awesome show). Link to post Share on other sites
Landon_McFly 0 Posted June 13, 2005 Share Posted June 13, 2005 He has to have more than 10m net worth if he is willing to loose 500k per match.I assume he can make that 500k up with the quickness by moving down in limits for a bit.He has the skills to kill about any game, money shouldn't even matter to him (and I doubt it really does). I don't belieev he looks at money and thinks "wow that's 5 million dollars." I bet it's more along the lines of..."wow... thats 625 big bets!"...Just my thoughts Link to post Share on other sites
GoBucksIndy 0 Posted June 13, 2005 Share Posted June 13, 2005 "As to DN's net worth it is not nowhere near 10mil. Probably around 2 mil at max. Read the book "The Banker.." and you will have a very good idea as to how much the best have to gamble with. Daniel only has to come up with 500k to play these challenge matches, since he does not believe he will ever lose it all and will win in most cases. It would do DN good to read the book and see what happens to the best of the best in the short haul. In addition Jennifer would stake him if necessary and I would not be surprised if more than one person did not have a piece of the action. It may all be "Daniel's money" but that doesn't mean it all came out of his pocket."I agree with most of the points you make although I would be shocked if his bankroll is only 2 mil. I can't imagine he risks half of his bankroll every time he sits down in the "big game". His quote about not being comfortable about losing 1.3 million leads me to believe that was about a quarter of his bankroll. I would guess his bankroll is right around 5 million. Link to post Share on other sites
robbinsfun 0 Posted June 13, 2005 Share Posted June 13, 2005 Pro's bankrolls come more from cash games then tourneys. So to think that Daniel couldn't be worth $15M because you cant list enough tourneys he has won is ridiculous. Link to post Share on other sites
Waffles2003 1 Posted June 13, 2005 Share Posted June 13, 2005 Daniel stated that he was not comfortable losing 1.3 but that was months ago. Since then, he received some cash from poker mountain, the game stacked, wynn, and probably other endorsments so i would think that his bankroll is more like 7-9M...although he has been spending cash too (mom's apartment,...). Link to post Share on other sites
HRFC 0 Posted June 13, 2005 Share Posted June 13, 2005 Daniel stated that he was not comfortable losing 1.3 but that was months ago. Since then, he received some cash from poker mountain, the game stacked, wynn, Â and probably other endorsments so i would think that his bankroll is more like 7-9M...although he has been spending cash too (mom's apartment,...).A players bankroll is the amount of money he allows himself to gamble. Since the best of the best have bankrolls of less than a mil each I would doubt DN's is anywhere near your 7-9 million figure. His total net worth is not close to that figure. You have to remember that these people lose a ton of money that you never hear about. Jennifer Harman is arguably in the top five of all poker players in the world and she is not close to those numbers. Link to post Share on other sites
diamondhead 0 Posted June 14, 2005 Share Posted June 14, 2005 "A players bankroll is the amount of money he allows himself to gamble. Since the best of the best have bankrolls of less than a mil each I would doubt DN's is anywhere near your 7-9 million figure. His total net worth is not close to that figure. You have to remember that these people lose a ton of money that you never hear about. Jennifer Harman is arguably in the top five of all poker players in the world and she is not close to those numbers."I think your bankroll projections of $1-2 mil. are off. DN says in this NYTimes article he knows about kids with 250K bankroll online. This is true. Watch the top internet cash games and the good ones do have these bankrolls.http://www.pocketfives.com/71EC9876-9953-4...E8172FFEBC.aspxYour saying the best of the best in the world have bankrolls of less than 1 mil. The big game has those swings daily. They are not the best of the best for having absolutely terrible bankroll management. :-) Link to post Share on other sites
BigFish 0 Posted June 14, 2005 Author Share Posted June 14, 2005 A) Its pocket change to him' date=' after all he spend almost 4 Billion on the place..[/quote']Come on....may I suggest that you delete that part of your post...it makes you seem naive or foolish.Wynn spent roughly around 160 million on the Wynn by putting up the land he owned....."INVESTORS" spent the 4 billion. :roll: http://www.usatoday.com/money/2004-09-23-f...hest-list_x.htmIf you look, Mr Wynn is worth 1.3 BBBBillion, so as I said before a few million is pocket change to him. Link to post Share on other sites
alf13 0 Posted June 14, 2005 Share Posted June 14, 2005 A) Its pocket change to him' date=' after all he spend almost 4 Billion on the place..[/quote']Come on....may I suggest that you delete that part of your post...it makes you seem naive or foolish.Wynn spent roughly around 160 million on the Wynn by putting up the land he owned....."INVESTORS" spent the 4 billion. :roll: http://www.usatoday.com/money/2004-09-23-f...hest-list_x.htmIf you look' date=' Mr Wynn is worth 1.3 BBBBillion' date=' so as I said before a few million is pocket change to him.[/quote'']You said that he "spent" 4 billion on the place......but yeah...a few million is nothing to him..... Link to post Share on other sites
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