SteveB23 0 Posted November 23, 2005 Share Posted November 23, 2005 Was reading the new issue of Bluff magazine (with Jeff Gordon on the cover) and inside they had an interview with Lyle Berman in which he says that Doyle Brunson and Chip Reese (who were the only 2 poker pros they came to for financial support for the WPT) cost themselves $45 million each for backing out of the WPT.They had initially agreed to give $1 million but backed out shortly after.Now thats a bad beat Link to post Share on other sites
ForRealDD 0 Posted November 23, 2005 Share Posted November 23, 2005 When I saw the topic I immediately started thinking " Uh oh, that censored Andy Beal came back and cleaned them out !"That's still a pretty bad beat Link to post Share on other sites
Ron_Mexico 4,219 Posted November 23, 2005 Share Posted November 23, 2005 Why is Jeff Gordon on the cover? I've watched him play on CPS, he's awful. Link to post Share on other sites
zimmer4141 0 Posted November 23, 2005 Share Posted November 23, 2005 So how do they "lose" 45 million? I get what you're saying, but to say they lost money is idiotic. Link to post Share on other sites
Ron_Mexico 4,219 Posted November 23, 2005 Share Posted November 23, 2005 So how do they "lose" 45 million? I get what you're saying, but to say they lost money is idiotic.Missed out on?? Link to post Share on other sites
leftygolfer 7 Posted November 23, 2005 Share Posted November 23, 2005 Opportunity cost Link to post Share on other sites
TheWynn 0 Posted November 23, 2005 Share Posted November 23, 2005 So how do they "lose" 45 million? I get what you're saying, but to say they lost money is idiotic.Lost out on making 45 mill. due to the success of the WPT if they would have invested. Link to post Share on other sites
pokerplayer24 0 Posted November 23, 2005 Share Posted November 23, 2005 They missed out on a chance to make 45 mill. Obviously nothing was guaranteed otherwise they would have invested. Link to post Share on other sites
zimmer4141 0 Posted November 23, 2005 Share Posted November 23, 2005 So how do they "lose" 45 million? I get what you're saying, but to say they lost money is idiotic.Lost out on making 45 mill. due to the success of the WPT if they would have invested.Yeah, I get that, but that's like saying we all lost $1 Billion by not investing in Microsoft in 1980. Link to post Share on other sites
SteveB23 0 Posted November 23, 2005 Author Share Posted November 23, 2005 They also had a quote from Doyle saying something about how all his life he invested in things that never had a chance to make money and now he had a chance to invest in his sport and he passed it up. Link to post Share on other sites
digitalmonkey 929 Posted November 23, 2005 Share Posted November 23, 2005 Link to post Share on other sites
SteveB23 0 Posted November 23, 2005 Author Share Posted November 23, 2005 So how do they "lose" 45 million? I get what you're saying, but to say they lost money is idiotic.Lost out on making 45 mill. due to the success of the WPT if they would have invested.Yeah, I get that, but that's like saying we all lost $1 Billion by not investing in Microsoft in 1980.Yeah but did you agree to invest in Microsoft and then back out? Link to post Share on other sites
Ron_Mexico 4,219 Posted November 23, 2005 Share Posted November 23, 2005 So how do they "lose" 45 million? I get what you're saying, but to say they lost money is idiotic.Lost out on making 45 mill. due to the success of the WPT if they would have invested.Yeah, I get that, but that's like saying we all lost $1 Billion by not investing in Microsoft in 1980.Yeah but did you agree to invest in Microsoft and then back out?to quote Kelso from That 70's ShowBUUURRRRNNNNNNThis does make a good point.But Zimmer wasn't alive in 1980. So there ya go. Link to post Share on other sites
pokerplayer24 0 Posted November 23, 2005 Share Posted November 23, 2005 Did you ever consider calling an all in with JJ then decide to fold it just to learn your opponent had 1010. You just missed out on a chance to double your $ but you didn't lose that $ by not calling. Link to post Share on other sites
SteveB23 0 Posted November 23, 2005 Author Share Posted November 23, 2005 Did you ever consider calling an all in with JJ then decide to fold it just to learn your opponent had 1010. You just missed out on a chance to double your $ but you didn't lose that $ by not calling.This is true but I think the funny thing is that these guys turned down a chance to invest in the very game that made them rich and famous only to have it expolde costing them many many many millions more. Link to post Share on other sites
bayouboy 0 Posted November 23, 2005 Share Posted November 23, 2005 Did you ever consider calling an all in with JJ then decide to fold it just to learn your opponent had 1010. You just missed out on a chance to double your $ but you didn't lose that $ by not calling.This is true but I think the funny thing is that these guys turned down a chance to invest in the very game that made them rich and famous only to have it expolde costing them many many many millions more.Have you read any posts in this thread? Link to post Share on other sites
SuM827 0 Posted November 23, 2005 Share Posted November 23, 2005 Was reading the new issue of Bluff magazine (with Jeff Gordon on the cover) and inside they had an interview with Lyle Berman in which he says that Doyle Brunson and Chip Reese (who were the only 2 poker pros they came to for financial support for the WPT) cost themselves $45 million each for backing out of the WPT.They had initially agreed to give $1 million but backed out shortly after.Now thats a bad beat I think Barry got a piece of that. Link to post Share on other sites
PokerDealer2005 0 Posted November 23, 2005 Share Posted November 23, 2005 Bluff Magazine is also the very controversial magazine that a lot of people despise, due to them putting in slander and rumors about players. Link to post Share on other sites
SteveB23 0 Posted November 23, 2005 Author Share Posted November 23, 2005 Bluff Magazine is also the very controversial magazine that a lot of people despise, due to them putting in slander and rumors about players.It was Lyle Berman who said it, not any writer from Bluff. Link to post Share on other sites
Jdr999 0 Posted November 23, 2005 Share Posted November 23, 2005 Better stock example would be Google. Very fast rise. Kicking myself that I didn't buy any shares when it first came out. Link to post Share on other sites
ForRealDD 0 Posted November 23, 2005 Share Posted November 23, 2005 Have you read any posts in this thread? I think he is the OP, although that tittie is sick....sick sick sick Link to post Share on other sites
Pokerghost2 0 Posted November 23, 2005 Share Posted November 23, 2005 Bluff Magazine is also the very controversial magazine that a lot of people despise, due to them putting in slander and rumors about players.It was Lyle Berman who said it, not any writer from Bluff.u got pwned by a newb lol Link to post Share on other sites
Municipal Hare 0 Posted November 23, 2005 Share Posted November 23, 2005 to quote Kelso from That 70's ShowNever. Do. That. Link to post Share on other sites
DRskateNT 0 Posted November 23, 2005 Share Posted November 23, 2005 In a related note my shares of WPTE went up rather significantly today.. like over 25%... not sure what happened but it keeps doing this.everytime any poker announcemnet happens this stock spikes... then comes down.... then spikes again.When they sign the PPT Tv deal... that stock is going to skyrocket.or if Doyle puts together another deal... one that he can actually prove on paper. Link to post Share on other sites
PAYforUSC 0 Posted November 23, 2005 Share Posted November 23, 2005 Opportunity cost Link to post Share on other sites
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