ferrisbuellr 0 Posted January 20, 2005 Share Posted January 20, 2005 I heard that Dutch Boyd is selling stakes in his upcoming high entrance fee tournys. What happen????I know he is a smooth talker and "high roller" but what happen. Did he lose all his money in a cash game?>>? And the "crew" is all but broke up and some of them say Dutch is a liar and first class schmuck. Does anyone know what really going on here......and check out Dutch's auctions on Ebay.....LMK. Thanks and GL! & nice site Daniel!!! Link to post Share on other sites
KKsuited 0 Posted January 20, 2005 Share Posted January 20, 2005 Where you went wrong is thinking he was a "high roller." He's never made a ton playing (a ton as far as pro players go) and was staked in many of the events he did well in.Dutch got into the WSOP 2 years ago thru a $200 satelite. He has never had a "main event" type bankroll.Go to his website. He says he needs to be backed because his bankroll can't take the swings of some of the events he wants to play. Link to post Share on other sites
ferrisbuellr 0 Posted January 21, 2005 Author Share Posted January 21, 2005 Thanks, I will check out the site.....And he sure talks the talk but no roll?????? Link to post Share on other sites
allinbluff35 0 Posted January 21, 2005 Share Posted January 21, 2005 Quit asking questions, he explains a lot on of his point of view in his blog, after you read that then ask questions. Link to post Share on other sites
ferrisbuellr 0 Posted January 21, 2005 Author Share Posted January 21, 2005 I just read it and it didnt say much except that he need money/sponsers for tounys.....and I also read a report from one of the old crew members saying that he would trust Dutch as far as he could throw him.....So my question still is does he really have a big roll or does he just sell stakes to get in tournys. And if he does not have a roll how did he lose it?>????Cash games?>?>? Link to post Share on other sites
allinbluff35 0 Posted January 21, 2005 Share Posted January 21, 2005 (3) If you're such a good poker player, why are you too broke to buy-in?- I'm not. If the auction isn't picked up, I probably will just front the entire buy-in. But one of the secrets to surviving as a professional poker player is to not expose yourself to too much risk, and right now with the start of my new business I would rather not expose myself to the $3600 risk. It's all about money management, people!(4) Why don't you ask one of the Crewmates to back you?- Because, in the words of my grandfather-god-rest-his-soul, "Don't shit where you eat". (5) Why don't you just go online and win a few grand? If you can't do that, why would I want to back you?- I'll probably play a few tournaments on Party today. If I win a few grand, I'd still rather not expose myself to the full $3600 possible loss. a few questions(found in his blog) and quick answers so that could help you out. also I know he is trying to get his business off of the ground, if you wanted for info on that the website is http://www.intervault.net/index.php Link to post Share on other sites
KKsuited 0 Posted January 21, 2005 Share Posted January 21, 2005 His thoughts about risk are correct, but the bottom line is he doesn't have much of a bankroll and never has had one.Many of the big name pro's (actually about all of them except for the huge cash game players and guys like Lindgren who have had a ton of success) are all stake to some degree. You just have to have a huge bankroll to play very many of those big events.Look at the final table of the WSOP.Raymer - staked about 40%Arieh - staked, don't know how much thoDavid Williams - online qualifierDean - online qualifierMcClain - online qualifierKrux - stakedHarrington - don't knowThat's seven of the guys I can think of. That just shows you not to many people actually put up 10k of their own money. Of the 864 players the year Moneymaker won, only 60 people paid the 10k. Everyone else won through a satelite. Link to post Share on other sites
ferrisbuellr 0 Posted January 21, 2005 Author Share Posted January 21, 2005 I thought Raymer got on through a $160 satellite on Pokerstars....Did he sell his stake after that? I did see that he sold stakes before at other tournys. Link to post Share on other sites
KKsuited 0 Posted January 21, 2005 Share Posted January 21, 2005 I thought Raymer got on through a $160 satellite on Pokerstars....Did he sell his stake after that? I did see that he sold stakes before at other tournys.Raymer had for several years, a contract with a group of people who supplied him a bankroll (he put a portion of his own money up) that lasted 12 months. All his winnings were to be divided 60% him, 40% them. After a 12 month period, the contract would be up for renewal. The contract was renewed several times (although I think some of the backers changed).He was under this "contract" per se during the WSOP. His winnings were split with his group of backers. He no longer plays under that deal.So you are right, he did get in through P-stars, but he had had a deal to split all winnings (whether cash game or tournament) with the group of backers.That's his story. Link to post Share on other sites
allinbluff35 0 Posted January 21, 2005 Share Posted January 21, 2005 I don't remember the specifics but in an interview in Maxim magazine he said he sold shares of himself to friends to build his bankroll to people he knew and what not, and the fossils as card protectors hence the nickname because him and his wife agreed to give him a beginning bankroll of $1000 and if he lost that he would be done. Also in that interview he said one friend bought X amount of shares and after winning the main event this past year he sent that person a check for $360,000 i believe. He also stated that after taxes and giving back the people that invested in him he kept about 1.7 million. Link to post Share on other sites
ferrisbuellr 0 Posted January 21, 2005 Author Share Posted January 21, 2005 Right on thanks for the great info!!!!! Link to post Share on other sites
MarcBrown 0 Posted January 27, 2005 Share Posted January 27, 2005 Nice Link to post Share on other sites
JFarrell20 1 Posted February 1, 2005 Share Posted February 1, 2005 Wow, how do you convince people to invest in you? lol. I know some rich people (a pro ballplayer for one). Maybe I should ask them to stake me? lol. Link to post Share on other sites
LeeDanger 0 Posted February 1, 2005 Share Posted February 1, 2005 I'm going to go pro playing $1-$2 limit. Anyone want to invest in my poker? :-) Link to post Share on other sites
bulldog999 0 Posted February 8, 2005 Share Posted February 8, 2005 Pretty sad Dutch Boyd went to a tournament in Europe to watch his girlfriend play and him not play himself. He must have had some real bad beats.Also, anyone know his deal with PokerStars? His blog said hey wouldn't let him play there online. Link to post Share on other sites
ThePokerGeek 0 Posted February 9, 2005 Share Posted February 9, 2005 Wow, how do you convince people to invest in you? lol.It's all about being able to demonstrate your ability. I have a guy that's staking me in a series of Limit tourneys before the PartyPoker.Com Million so that I can brush up on the limit structure, and in return he gets a percentage of the winnings. He liked the play that he saw and said he was "a sucker for a feelgood story". I'm getting on the cruise through a 9 dollar qualifier, and I'm not exactly swimming in bankroll just yet.Be consistent, continue improving, and it never hurts to ask. Sometimes, if you're decent enough, you don't need to, as I found out.-PokerGeek Link to post Share on other sites
HtotheNootch 0 Posted February 15, 2005 Share Posted February 15, 2005 Other than ESPN coverage, I've heard almost nothing good about Boyd. Link to post Share on other sites
PocketPear 0 Posted March 12, 2005 Share Posted March 12, 2005 I don't remember the specifics but in an interview in Maxim magazine he said he sold shares of himself to friends to build his bankroll to people he knew and what not, and the fossils as card protectors hence the nickname because him and his wife agreed to give him a beginning bankroll of $1000 and if he lost that he would be done. Also in that interview he said one friend bought X amount of shares and after winning the main event this past year he sent that person a check for $360,000 i believe. He also stated that after taxes and giving back the people that invested in him he kept about 1.7 million.So what you are saying is that way these deals work is that personal taxes are taken out first... let's say 40%, So 60% or 3 million is left.He got staked for 40% so he had to give away 40% of 3mil which is 1.2 mil, leaving the 1.7-1.8 mil for himself.Off-topicI've wondered what ex-Miami Dolphin Ricky Williams's tax situation is like, team gives bonus of 8 million and wants it back... Ricky probably got like 4.8 million after taxes taken out... does he have to give back 4.8 million or 8 million? will the IRS give back to the team the taxes it withheld... I don't think so... Ricky's screwed! Link to post Share on other sites
nopantsdance 0 Posted March 17, 2005 Share Posted March 17, 2005 wow, I can't believe no one has talked about dutch boyd's pokerspot situation. I'll try and break it down the best I can.from what I've heard the story goes like this: when Dutch was younger he invented pokerspot.com, which was one of the first online poker sites. to make a long story short, the site failed and dutch spent most, if not all, of the players' money on the site. he says that the company that took the deposits (like neteller) screwed up and he didn't take the money. that's is probably the shortest version of the story, but search through old RGP posts (groups.google.com) and there is a lot more there about it. Link to post Share on other sites
allinbluff35 0 Posted March 20, 2005 Share Posted March 20, 2005 wow, I can't believe no one has talked about dutch boyd's pokerspot situation. I'll try and break it down the best I can.from what I've heard the story goes like this: when Dutch was younger he invented pokerspot.com, which was one of the first online poker sites. to make a long story short, the site failed and dutch spent most, if not all, of the players' money on the site. he says that the company that took the deposits (like neteller) screwed up and he didn't take the money. Â that's is probably the shortest version of the story, but search through old RGP posts (groups.google.com) and there is a lot more there about it.no one talks about it because most people who read poker forums already know 17 different stories about pokerspot. Link to post Share on other sites
Guest Anonymous Posted March 22, 2005 Share Posted March 22, 2005 HAve any of you heard about this b4... if it actually is legit?I actually just started doing rake back and i hope it works out... You basically open a new account at the rake back site and then open one through them at of the many supported casinos that you havent played at and then u get back like 25-40% of the rake you put in.... The site I use is: www.raketake.comyou can refer people and make bonus $ too... check it out... my referral id is: caplaya1.... let me know what you think.. if uve heard about it etc? Link to post Share on other sites
LeeDanger 0 Posted March 22, 2005 Share Posted March 22, 2005 I've never heard about that before. Link to post Share on other sites
funplyr9 0 Posted May 15, 2005 Share Posted May 15, 2005 I think I read it on 2+2 but Raymenr explained very well what happened with Boyd and Pokerspot. To paraphrase a bit; in business like online poker you need to keep money split, you need to have money to run the business and money to pay the players' cashouts. The essence of the demise was that these tings were not done , and the moneylines crossed/got mixed and when it went down there was no split. Therefore people's money was in with the company's assets and were seized in the failure.ciao Link to post Share on other sites
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