Dn On 2+2 Again...

[Ocho11 0]

Daniel,The clowns at 2+2 are at it again, my apologies...http://forumserver.twoplustwo.com/showflat...=0#Post10186458I know this will largely be viewed as gossip and rumor about Daniel, but it is all based on verified facts (some of which you can verify for yourself) or first hand accounts. I have extensive experience and knowledge with DN, members of his team and friends. I also find his televised play interesting and a substantial benefit to the continued expansion of the game as its most recognizable face and, if you believe Cardplayer which I do, its most famous player.What I do not like is how, through his website, he sits on high and pretends to be the god of poker judging anyone who dares blaspheme against him. Also, he portrays an image of being better and smarter than a number of people in areas such as personal relationships, integrity and money management when, in fact, he has no right to judge people in those areas because of his poor performance in those facets of his own life. He perpetuates this through his blog by exaggerating those parts of his life that would make him look good and not posting those facets that make him look bad. As with all blogs, it is his perrogative to leave certain facets off-limits. The worst part though, is that he uses the blog to actively cover-up certain things. Here is the real story:First, until recently collecting $1 million from backing Kirk Morrison's $2 million second place finish at the WPT Championship, DN was broke in that he was playing with other people's money. Although one of the greatest tournament earners of all-time, this makes sense given a number of factors: (1) approximately $1.5 to $2 million in net losses at the Big Game over the past year or two. (2) poker players are self-employed so they pay approximately 4% more taxes than employees who have employers to eat up half of Medicare and Social Security; (3) not all backing deals work out like Kirk Morrison or Gavin Smith (who I hear DN and E-Dog just broke even on after backing a horrible 2003 and 2004, before a successful 2005 for Gavin) and DN engages in a ton of backing deals; (4) Daniel likes to put on the big-shot image and spends a great deal of money on himself and those in his life (not judging here, but it is a monetary leak); (5) Playing the tournament circuit costs a lot of money; and (6) Daniel, like Doyle Brunson, rolled the dice and threw a ton of money at starting his own poker site (fullcontactpoker.com). The last one is probably the biggest leak. Like Doyle, Daniel came late to the on-line poker craze and made a run at fullcontact by himself with his own funds. The UIGEA basically caused Doyle to fold up shop for interconnected financial and legal reasons. For whatever reasons, Daniel has not yet folded fullcontact even though it is a confirmed big drain each and every month. That site had major problems before the UIGEA in that Daniel tried to start it in association with what had previously been his fan site. This, along with being behind Full Tilt, Bodog, Stars and, at the time, Party, made the prospects of success slim. The UIGEA killed it. From what I understand, it is now only DN's ego and avoidance that is keeping the site afloat. Another problem with running a site yourself is that it limits your endorsement opportunities. As DN admits in a recent blog, there are limited endorsement opportunities available to even the biggest poker names except for the opportunities provided by the big on-line sites. I know certain early members of Team Full Tilt purchased equity in Full Tilt for upfront investments in the millions(as Daniel has essentially done with full contact), but the Full Tilt members also receive tournament backing from the site and its additional technical and equity investors. This limits or eliminates the amount these players, and even the lesser Full Tilt pros, spend on buy-ins and travel. The bigger name Team Full Tilt members who are not equity investors even make a substantial income from their affiliation while the original members are seeing distributions from their affiliation with one of the initial, best marketed, best capitalized sites out there. You could say the same thing for the three premier members of Stars. Daniel receives none of this.Listen, I'm not saying there's anything wrong with trying to be independent and start your own competitive business, but the manner in which DN structured fullcontact put it on life support to begin with and it should have been killed by the UIGEA. What is sad is that he refuses to fold the site and join up with another site due to ego and laziness. DN likes his work months to include 40 hours (at most of tournaments and another 40 hours of doing things so people will worship him). He evades appearances, shows up late and lacks the commitment to good decision making, professionalism and effort that are required by those given the opportunity to be the biggest name in one's sport/game.Well, you ask, if this is all true, how did DN recently move into a big, new house. Here is where it gets interesting. If you look in the Las Vegas records at DN's old house, , as well as his new house , they are curiously both owned by Jennifer Harman Traniello and Marco Traniello. That's right: DN doesn't even own his own pad...he is renting both off of Jennifer Harman and her husband Marco. There should be no shame in this, but there is if you portray to the world that you just "bought" a brand new house when, in fact, you have to cut a deal with a friend to find a place to live.At the end of the day, there shouldn't be anything shameful about what the guy does. My understanding is that his cut of Morrison's money paid everyone off and started a new bank roll. I just get sick of him acting all high and mighty and sitting in judgment of the poker world.

[cubsfan44 0]

think ill wait for the cliff notes

[Oziumrules 0]

Posted in the blog section already.http://www.fullcontactpoker.com/poker-foru...showtopic=97994

[FileError404 0]

think ill wait for the cliff notes

Gossip gossip, bla blah blah, Daniel would be broke if it weren't for Kirk winning 2 million.

[Royal_Tour 0]

I'm not trying to defend here..... but.This guy is very 1 sided. he lists everything daniel did to lose money.not once does he mention appearance fees that DN would recieve througout the past 2 years. even prior to Fullcontact's poker site.Brian Balsbaugh manages some of the top names in poker, and DN has been with him since the start.he also fails to mention any money made from fullcontact. he makes it sound like FCP donates its rake and sponsorships to the sewer.

[The Czar 0]

I read it, but I don't worship anyone, so whether these are facts or not, I don't really care. Daniel seems like a nice guy and has always been generous to this site. That's the only way I can judge him, on what I know.

[cubsfan44 0]

Gossip gossip, bla blah blah, Daniel would be broke if it weren't for Kirk winning 2 million.

i know when Im broke the first thing I do is buy a new much bigger home.

[LongLiveYorke 38]

think ill wait for the cliff notes

Dude, it is like less than a page. Actual Cliff's Notes are significantly longer.

[The Czar 0]

Dude, it is like less than a page. Actual Cliff's Notes are significantly longer.

I think you have to pay for them, too.

[Royal_Tour 0]

i know when Im broke the first thing I do is buy a new much bigger home.

see, this is what u get for not reading it, and relying on lame notes.it said at teh end of the rant that DN rents this house from jen harmon

[NoSup4U 0]

I don't know about any of the topics covered other than this: LOL at anyone who says poker players pay more taxes because they don't have their company to pay for all the medicare/SS etc. Thats like me saying I'm richer than Trump because he has to pay more in taxes than I do.My effective tax rate is much lower self employed because I can write off basically everything I spend money on.Mark

[ajs510 122]

Interesting read, but I think I'd like to hear a rebuttal before coming to any kind of conclusions. Additionally, Daniel's been nothing but a cool as hell guy to all of us, so any negative conclusions would be prefaced with a healthy dose of "it's really none of my business whatsoever".

[Royal_Tour 0]

I don't know about any of the topics covered other than this: LOL at anyone who says poker players pay more taxes because they don't have their company to pay for all the medicare/SS etc. Thats like me saying I'm richer than Trump because he has to pay more in taxes than I do.My effective tax rate is much lower self employed because I can write off basically everything I spend money on.Mark

I didnt think we needed to point this part out. But Its prob a good thing you did.Its my understanding that poker players can write off anything from their computer/ the room being used as their home office, their car, basically anything and everything that any self employed person does

[NoSup4U 0]

Its my understanding that poker players can write off anything from their computer/ the room being used as their home office, their car, basically anything and everything that any self employed person does

That is correct, I can deduct my office space, my internet, all my travel as long as I play poker (which is pretty easy to do online anywhere), my food traveling, my hotels, my mileage to and from casino (or just depreciate my car as a whole), my cell phone, any work I have done on my house, I can depreciate all my office equpment like computer, printer, desk etc.You are self employed just like any other self employed person, so you get the same benefits. You just have to be smart about everything to make sure its deductable.Mark

[navybuttons 15]

That is correct, I can deduct my office space, my internet, all my travel as long as I play poker (which is pretty easy to do online anywhere), my food traveling, my hotels, my mileage to and from casino (or just depreciate my car as a whole), my cell phone, any work I have done on my house, I can depreciate all my office equpment like computer, printer, desk etc.You are self employed just like any other self employed person, so you get the same benefits. You just have to be smart about everything to make sure its deductable.Mark

my understanding was that this was not the case (from the pocket 5's thread), if it is the case, i'm ****ing set this year.if your posts are accurate they could not have come at a better time, and i'll be sure to save all my receipts.ty.

[WhatArunAA 0]

That is correct, I can deduct my office space, my internet, all my travel as long as I play poker (which is pretty easy to do online anywhere), my food traveling, my hotels, my mileage to and from casino (or just depreciate my car as a whole), my cell phone, any work I have done on my house, I can depreciate all my office equpment like computer, printer, desk etc.You are self employed just like any other self employed person, so you get the same benefits. You just have to be smart about everything to make sure its deductable.Mark

why would you need a printer for online poker???.. you are a god and continute to amaze me to this day.

[SweetDaddyFreak 0]

I read it all and it will not be a happy day for Daniel. Price of fame comes anyone from everywhere drawing conclusions

[Royal_Tour 0]

my understanding was that this was not the case (from the pocket 5's thread), if it is the case, i'm ****ing set this year.if your posts are accurate they could not have come at a better time, and i'll be sure to save all my receipts.ty.

If your posts are accurate, you look good in pea green coats.

[Royal_Tour 0]

This thread reminds me of a post i saw when i vistsed the "ship it holla ballas" site.In the post, the guy talked about meeting Lee Jones. Lee tried to give them advice about money. Somewhere along the lines of "If you kids can afford to lose 40k in 1 day, you shouldnt be talking to me right now. you should be talking to a financial advisor and investor."which i have to say, is probably the best, yet hardest thing to do in that spot. I guess if you do have a million dollar roll, last thing you're thinking is going broke.but 1st thing you should be thinking is. "living wealthy for the rest of your life". but thats probably the reason why they have such large rolls, they gamble without care.

[fitzinabox 0]

Those donkeys really have nothing better to do ?? This world is really starting to become sad.

[DCJ001 0]

my understanding was that this was not the case (from the pocket 5's thread), if it is the case, i'm ****ing set this year.if your posts are accurate they could not have come at a better time, and i'll be sure to save all my receipts.ty.

You might want to get advice from a tax professional, as well.

[NoSup4U 0]

my understanding was that this was not the case (from the pocket 5's thread), if it is the case, i'm ****ing set this year.if your posts are accurate they could not have come at a better time, and i'll be sure to save all my receipts.ty.

It as absolutely the case. The P5'ers have an accountant there that wrote up a bunch of stuff. I don't think I've said anything inconsistant with what she says, but I have a normal legit accountant who does all my stuff so according to her, its all legit.And TJ, obv I need a printer to print out my stats from my sessions and review hands and stuff, duh! :)Mark

[NoSup4U 0]

This thread reminds me of a post i saw when i vistsed the "ship it holla ballas" site.In the post, the guy talked about meeting Lee Jones. Lee tried to give them advice about money. Somewhere along the lines of "If you kids can afford to lose 40k in 1 day, you shouldnt be talking to me right now. you should be talking to a financial advisor and investor."which i have to say, is probably the best, yet hardest thing to do in that spot. I guess if you do have a million dollar roll, last thing you're thinking is going broke.but 1st thing you should be thinking is. "living wealthy for the rest of your life". but thats probably the reason why they have such large rolls, they gamble without care.

LOL I think that was EM2. EM2 said to Lee: Can you turn the doomswitch on me off cause I lost $200K yesterday. And Lee says that about planning for the future, and EM2's comment was something along the lines of: But Lee, its so fun to just spend it all now!hahaha! Love those guys. Feel sorry for them if they really aren't saving up, but they are damn funny anyway.Mark

[KDawgCometh 2]

as was noted earlier, there is already a thread about this in the blog section