Jump to content

RMI completely buried at the WSOP


FISHHEAD
 Share

Recommended Posts

  • Replies 95
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

There is so much variance in tournaments that staking is a no-brainer.  Everyone does it.  If its not a direct stake then most are swapping pieces for sure

 

Check out youstake.com

 

Unfortunately that site is banned in NJ

 

i'm well aware that many people stake, but everyone doesn't do it

 

allowing people to have pieces of others is just one of the many ethical problems with poker tournaments... 8 guys left and 3 of them have pieces of each other, they certainly aren't playing the same way they would if it was straight up... someone could easily have a much higher stake in one of his opponents than in himself, talk about a recipe for corruption

Link to comment
Share on other sites

Mike, don't think it works that way, think he's just buying a percetange………….Mouth and others coming out like bandits with these people buying stakes in them im guessing that are well over 100% of the buyin.

 

Again, don't mess with this shit, but think that's how it works...……….someone here knows the details with online stake buying I'm sure, they can explain.

Correct. Many people sell at a mark up and stakers gladly eat it up.

Link to comment
Share on other sites

why do people stake without a iron clad contract?

 

I have heard too many staking horror stories over the years.  I remember about 10 years ago, 6 time wsop bracelet winner Jeff Lisandro staked this dumb broad Tiffany Michelle to the main event(probably because he was fukking her or wanted to).  Anyhow, she made a very deep run and made a few hundred thousand and stiffed him(no pun intended).

Link to comment
Share on other sites

why do people stake without a iron clad contract?

 

I have heard too many staking horror stories over the years.  I remember about 10 years ago, 6 time wsop bracelet winner Jeff Lisandro staked this dumb broad Tiffany Michelle to the main event(probably because he was fukking her or wanted to).  Anyhow, she made a very deep run and made a few hundred thousand and stiffed him(no pun intended).

 

probably because it makes no sense to hire a lawyer for paperwork on $1000 staking agreement

 

even jamie gold tried to avoid paying the $6 million, might have gotten away with it if there wasn't a recorded voice mail about it

Link to comment
Share on other sites

Guest ConspiracyMuncher

why do people stake without a iron clad contract?

 

I have heard too many staking horror stories over the years.  I remember about 10 years ago, 6 time wsop bracelet winner Jeff Lisandro staked this dumb broad Tiffany Michelle to the main event(probably because he was fukking her or wanted to).  Anyhow, she made a very deep run and made a few hundred thousand and stiffed him(no pun intended).

 

I played with that chick... she aint even hot... you can fukk 20x 10s for $500 a pop with those 10k

 

Thats why red pill is necessary

Link to comment
Share on other sites

Guest ConspiracyMuncher

honestly, I can't stand her and don't think she is all that attractive either.

 

pretty sure her and Maria Ho were/are an item.

 

 

she is not a good person... dont see how people can find her attractive

 

he is just nasty and she doesn't hide it... she thinks her farts dont smell

Link to comment
Share on other sites

probably because it makes no sense to hire a lawyer for paperwork on $1000 staking agreement

 

even jamie gold tried to avoid paying the $6 million, might have gotten away with it if there wasn't a recorded voice mail about it

 

There are boilerplate, simple forms for wills, leases, and so on.  There is bound to be something for poker staking.

 

Isn't there an IRS form that can be used to define a gambling venture.  It allows the casino to split the money so one person doesn't take the full tax hit on the winnings.

 

Gamblers like to believe their own legendary stories about their integrity.  A gambler is a man of his word and a handshake is sufficient to make a deal. 

Link to comment
Share on other sites

There are boilerplate, simple forms for wills, leases, and so on.  There is bound to be something for poker staking.

 

Isn't there an IRS form that can be used to define a gambling venture.  It allows the casino to split the money so one person doesn't take the full tax hit on the winnings.

 

Gamblers like to believe their own legendary stories about their integrity.  A gambler is a man of his word and a handshake is sufficient to make a deal. 

 

i have heard that most casinos don't want to mess with that

 

can you imagine the rio dealing with thousands of forms with split arrangements?  

Link to comment
Share on other sites

i have heard that most casinos don't want to mess with that

 

can you imagine the rio dealing with thousands of forms with split arrangements?  

 

I've heard that the casinos don't like doing it also.

 

The casino wouldn't have to have the handle the forms in advance.  When the money is paid, the winner and friends would present the forms to the casino.

 

The casino would only have to do multiple W2G forms.  Not that much of a burden.

 

I guess the players are OK with how it is done now. 

Link to comment
Share on other sites

I've heard that the casinos don't like doing it also.

 

The casino wouldn't have to have the handle the forms in advance.  When the money is paid, the winner and friends would present the forms to the casino.

 

The casino would only have to do multiple W2G forms.  Not that much of a burden.

 

I guess the players are OK with how it is done now. 

 

that isn't how it works, part of the wsop rules is that they won't split winnings... for obvious reasons, like if i won $100k i would just have one of my kids or dad with no income declare the winnings and save at least $5k

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share


×
×
  • Create New...