Quote:
Originally Posted by moki
It wouldn't surprise me at all if some of these guys has pieces of each other's action to reduce variance and their exposure.
But the idea of Galfond outright staking Dwan seems rather silly, given that until very recently, Dwan has done incredibly well in his poker career.
|
Well I doubt that he's outright staking Dwan too despite my OP, but I think it's very conceivable he partially staked him along with others or had a piece of his action. I don't pretend to know Dwan's finances, but with all the recent losses and all his inevitable expenses over the years it's not unreasonable to think he doesn't have many liquid assets at the moment and may be interested in getting staked. Although, reading it again, I see that maybe I jumped the gun when I assumed nosebleed staking from his blog post.
jman, if you read this, could you maybe shed some light on what the staking you mentioned in your blog entryentailed. I don't expect a confirmation that you staked/had some of Dwan's action, but maybe you could refute my bit of speculation in the op if I was way off base.