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How Many Other Ranked Players Have Been Financially Ruined?

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  1. NuclearSteve NuclearSteve is offline

    Sterling, VA
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    Sep 26th, 2006 (9/26/2006 9:15am)

    I have great respect for Duff's game, so no disrespect at all is intended in this post. I really wonder how many other ranked players are in "financial ruin"??? Duff was/is ranked #62.
  2. AdamRodriguez AdamRodriguez is offline

    Denton, TX
    United States

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    Sep 26th, 2006 (9/26/2006 9:33am) in reply to NuclearSteve

    With all do respect, I don't think these are the type of questions you ask or possibly even want to hear answered.

    I know you didn't mean any disrespect, and neither do I, but financial history of any player is really no business of anyone here.
  3. 1.21Gigawatts 1.21Gigawatts is offline

    NY
    United States

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    Sep 26th, 2006 (9/26/2006 9:35am) in reply to AdamRodriguez

    If MC Hammer can go broke, anyone can go broke.

    Let's just leave it at that.
  4. MadTiger MadTiger is offline

    Akron, OH
    United States

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    Sep 26th, 2006 (9/26/2006 9:36am) in reply to AdamRodriguez

    I guess it is enough to know that this is the type of result that can happen if you have this problem.
  5. Avery01 Avery01 is offline

    Westfield, IN
    United States

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    Sep 26th, 2006 (9/26/2006 9:37am) in reply to 1.21Gigawatts

    What about Donald Trump? He went broke too at one point.
  6. NuclearSteve NuclearSteve is offline

    Sterling, VA
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    Sep 26th, 2006 (9/26/2006 9:39am) in reply to MadTiger

    I guess my point is that he is ranked and was "bleeding cash". I really hope the new ranking system addresses this. I havn't had time to read about the new system yet, but I think profitability should be the number one factor.

    BTW -- one of the more profitable players on the net agrees with me.
    Thread Starter
  7. MadTiger MadTiger is offline

    Akron, OH
    United States

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    Sep 26th, 2006 (9/26/2006 9:42am) in reply to Avery01

    Several times.

    and Paul Mitchell,

    and Tommy Hilfiger,

    and

    (you get the point!)
  8. Gotnipdotcom Gotnipdotcom is offline

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    Sep 26th, 2006 (9/26/2006 10:01am) in reply to NuclearSteve

    haha o you dont even wanna know, so many of your little idols will suddenly not be so superior in your eyes.

    theres at least 10 people on there who are broke and or receiving backing for their tournys.

    (thanks for the edit, never went to english class :P)
  9. TheMayor TheMayor is offline

    Boston, MA
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    Sep 26th, 2006 (9/26/2006 10:05am) in reply to Gotnipdotcom

    "Idles"? Idols.
  10. ZeeDustin ZeeDustin is offline

    San Antonio, TX
    United States

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    Sep 26th, 2006 (9/26/2006 10:11am) in reply to TheMayor

    He is flaming cause his "idle" whent broke. His name was Readzie.
  11. Believer82 Believer82 is offline

    Las Vegas, NV
    United States

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    Sep 26th, 2006 (9/26/2006 10:19am) in reply to ZeeDustin

    well i'm bust and iv had huge success in poker.. i made over 100 k this year profit and im bust now.. so ya easy to do when u have been bad with your money ; (
     
  12. ZeeDustin ZeeDustin is offline

    San Antonio, TX
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    Sep 26th, 2006 (9/26/2006 10:22am) in reply to Believer82

    ^ no way ?
  13. junsie junsie is offline

    Naperville, IL
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    Sep 26th, 2006 (9/26/2006 10:24am) in reply to Believer82

    can you elaborate?
  14. µ (x+t) µ (x+t) is offline

    Westminster
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    Sep 26th, 2006 (9/26/2006 10:27am) in reply to junsie

    maybe rankings should be based on ROI, not big cashes, and big railbirds?
  15. Believer82 Believer82 is offline

    Las Vegas, NV
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    Sep 26th, 2006 (9/26/2006 10:28am) in reply to junsie

    well i spent it all on retarded things.. one week i spent 10 k lying around in my room on clothes and partying.. in new orleans i lost like 20 k and did not even play poker hardly .. just retarded things. now i gotta start al over again it blows, but i deserve it. been looking for a staker but no good offers yet sighh. i am in event 13 of the wcoop so maybe i can get a good lick tomm and be back on track!
     
  16. UWdeke UWdeke is offline

    Houston, TX
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    Sep 26th, 2006 (9/26/2006 10:30am) in reply to Believer82

    no offense but is it really profit if youre busto??
  17. godseyt godseyt is offline

    Hilliard, OH
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    Sep 26th, 2006 (9/26/2006 10:32am) in reply to UWdeke

    It is profit as long as you spend the money outside of poker, which it sounds like he did.

    TJ
  18. haleike haleike is offline

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    Sep 26th, 2006 (9/26/2006 10:42am) in reply to MadTiger

    In addition to becoming proficient at poker, you Must be even better with Bankroll Management in order to beat the game over the long run.

    This means identifying and correcting leaks in your game/life. Leaks in your game are well documented here on P5s and in poker books. Leaks in your life can be drugs, alcohol, being surrounded by destructive people, over spending, Compulsive Gambling; ie. games where you have no discernable edge....craps, Black Jack, Roulette, 3 card poker, Horse Racing, Sports Betting. Even in games when you have a discernable edge, it is highly likely to eventually go broke if you get outside of your BR. You can even go broke when you stay inside your bankroll.

    I have gambled on just about everything for sick amounts of money. I have won big and lost big. I have since come to the conclusion that I preferred winning over the sensation I got from being "In Action."

    If you play to be "In Action" you are destined to go broke.
  19. brsavage brsavage is offline Spontaneous Benefactor

    Denham Springs, LA
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    Sep 26th, 2006 (9/26/2006 10:43am) in reply to Gotnipdotcom

    Because a player is backed does not make them busto. The reason many professionals are backed, and the reason they will continue to be backed is varying and personal. What you are missing is the fact that they are backed because THEY CAN BE, and you can't.

    I have been backed when it made financial sense to me (just bought a new house, two new babies... etc.), and although I now play on my own dime and have done so for quite some time, I fully respect all good players, backed or not.

    The reality of the poker world is that now, with so many tournaments both live and online, it takes superior cash management and a deep bankroll to play in volume. The deep pockets of a backer can help a good player by reducing variance thru volume and at the same time keep the players mindset right by creating a supportive environment.

    Soooo, BACK off.

    Chris.
     1
  20. kksuited kksuited is offline

    Atlanta, GA
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    Sep 26th, 2006 (9/26/2006 10:43am) in reply to UWdeke

    Some of the moral of the story is if you play high, you have to be VERY good to stay ahead of the game.

    For example, I know one high player who ran fairly deep in one of the WCOOP events this past sunday. He cashed for maybe ~$3k. After all the Sunday's he played (rebuys, etc.) he was down for the day.

    So, what if he didn't cash? Then he'd be down at least ~$6-8k?

    Run bad for a couple months and you're down some serious cash.

    Factor in a small drug problem and you're losing money for sure.
  21. Gotnipdotcom Gotnipdotcom is offline

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    Sep 26th, 2006 (9/26/2006 11:05am) in reply to haleike

    *unneccesary comments*

    REMOVED :P
  22. niptuck niptuck is offline

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    Sep 26th, 2006 (9/26/2006 11:06am) in reply to Gotnipdotcom

    When BR said "BACK Off" i believe he was making a play on words 'backed'. Not getting mad.
  23. Brooklyn999 Brooklyn999 is offline

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    Sep 26th, 2006 (9/26/2006 11:08am) in reply to Gotnipdotcom

    gndc - GTFO
  24. junsie junsie is offline

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    Sep 26th, 2006 (9/26/2006 11:12am) in reply to Gotnipdotcom

    gotnip, you have some serious issues dude
  25. Gotnipdotcom Gotnipdotcom is offline

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    Sep 26th, 2006 (9/26/2006 11:24am) in reply to junsie

    how so? why can't i make an ubsurd post? dont take everything so seriously
  26. kksuited kksuited is offline

    Atlanta, GA
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    Sep 26th, 2006 (9/26/2006 11:44am) in reply to Gotnipdotcom

    ubsurd post that wasn't even funny, that's the sad part.
  27. brsavage brsavage is offline Spontaneous Benefactor

    Denham Springs, LA
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    Sep 26th, 2006 (9/26/2006 11:51am) in reply to Gotnipdotcom

    The tone of your first post was that there was a negativity to players being backed. Also, It is completely uncool to even make a reference about another persons wife and children.... There are many in this world who would hunt you down like a dog and decapitate you for such a reference.

    Anyhoo, the point of my post is that I know first hand about backing arrangements, and for many the relationship can be a good one, for others it can be a disaster. It is absolutely a mistake to make broad generalizations about players who back or are backed... each situation stands on its own.

    Chris.
     1
  28. Gotnipdotcom Gotnipdotcom is offline

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    Sep 26th, 2006 (9/26/2006 12:04pm) in reply to brsavage

    and its absolutly a mistake to assume because you dont know someones p5 name that they arent someone who could be backed if they wanted it.

    agreed? okay good. Ill take down the wife and kids comments, its already hard enough to keep my head on as is, dont need people trying to slice it off
  29. mattg1983 mattg1983 is offline buying action

    Round Rock, TX
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    Sep 26th, 2006 (9/26/2006 12:05pm) in reply to Gotnipdotcom

    gotnip congrats on being a dueche
     12
  30. beanie beanie is offline

    Saint Paul, MN
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    Sep 26th, 2006 (9/26/2006 12:11pm) in reply to mattg1983

    getting back to the original question. I doubt many. I was talking to Muddywater in Aruba and it is shocking how many people we know from 4 years ago that still make their money gambling.
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