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Can Andy Bloch afford $2m?

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07-15-2009 , 12:47 PM

#26

wigga

journeyman

Join Date: Oct 2007 Posts: 230

Link to the original story?

Quote

07-15-2009 , 12:58 PM

#27

JackRandall

old hand

Join Date: Apr 2009 Posts: 1,966

Quote:

Originally Posted by DanielM

He's the multimillionaire, mutli-degree holding genius who shops for hats in garbage bins.

i lol'd

Quote

07-15-2009 , 01:05 PM

#28

TheJacob

Pooh-Bah

Join Date: Jul 2007 Posts: 3,865

I would hope he can afford 2 million....

If you don't have a **** ton of money...why would you pay $70 for t shirts some guy drew with a crayon.

Quote

07-15-2009 , 01:08 PM

#29

VectorWega

banned

Join Date: Feb 2009 Posts: 577

Quote:

Originally Posted by Run It

My guess is that he makes 80K/month at most from Full tilt, so no matter what anyone says in here 2 Million would still be a lot. Would he be able to cover it? Probably so, but I'm sure it would be a MAJOR hit to his net worth. If he makes way more than that each month, then I digress

I don't understand what makes you think he makes anything "per month" from Full Tilt. The fact is that he has a sizeable ownership stake in a billion (multi-billion?) dollar company. His income, if any, is likely to be quite small in comparison and somewhat of a moot point.

It's no coincidence that the Full Tilt guys keep betting against Ivey. These bets obviously have a positive effect on Ivey's play. Ivey is not the biggest star in poker. If he wins the main event, he could become the biggest star, and the exposure would help Full Tilt immensely.

Quote

07-15-2009 , 01:11 PM

#30

wigga

journeyman

Join Date: Oct 2007 Posts: 230

Quote:

Originally Posted by VectorWega

Ivey is not the biggest star in poker.

Who is then? Ivey is up there definitely ....

Quote

07-15-2009 , 01:14 PM

#31

LOLonghorn

enthusiast

Join Date: Jul 2009 Posts: 53

Clonie Gowen sued for a 1% stake in Full Tilt worth 40mil. Bloch was one of the original 6 members. I'd guess he has atleast 5% stake, probably a lot more. Do the math.

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07-15-2009 , 01:19 PM

#32

Todd Terry

Carpal \'Tunnel

Join Date: Apr 2006 Posts: 16,301

Quote:

Originally Posted by sirtimo

3 mil if he has chili

Quote

07-15-2009 , 01:20 PM

#33

VectorWega

banned

Join Date: Feb 2009 Posts: 577

Quote:

Originally Posted by LOLonghorn

Clonie Gowen sued for a 1% stake in Full Tilt worth 40mil. Bloch was one of the original 6 members. I'd guess he has atleast 5% stake, probably a lot more. Do the math.

She estimated it at $40 million, which was probably high because a high estimation was in her best interest. Regardless, the company is still worth quite a lot of money, and its value could increase significantly if Ivey won the WSOP ME.

Quote

07-15-2009 , 01:21 PM

#34

Biffo

adept

Join Date: Oct 2005 Posts: 844

I have no knowledge of Andy Bloch, never met him. I only have tittle tattle and gossip.

Makes me a good member of this thread, I'd say.

Quote

07-15-2009 , 01:23 PM

#35

VectorWega

banned

Join Date: Feb 2009 Posts: 577

Quote:

Originally Posted by wigga

Who is then? Ivey is up there definitely ....

Probably Negreanu. Maybe Hellmuth. Ivey is up there, but not as big of a star to the casual fans. This main event could obviously change that.

Quote

07-15-2009 , 01:32 PM

#36

nauty

centurion

Join Date: Dec 2008 Posts: 144

Ivey is widely considered the best. I don't know why, but he is. Perhaps this is different from "most famous," but in my estimation about 60% of poker players in the know would say Ivey is the most talented poker player currently playing, with the other 40% being split between Antonius and Dwan

Quote

07-15-2009 , 01:33 PM

#37

wigga

journeyman

Join Date: Oct 2007 Posts: 230

Quote:

Originally Posted by VectorWega

Probably Negreanu. Maybe Hellmuth. Ivey is up there, but not as big of a star to the casual fans. This main event could obviously change that.

DN? he havent been in highlight in long time...hellmuth is known but not so much about his poker abilities.

Ivey is known as best poker player in the world atm...imo

Quote

07-15-2009 , 01:35 PM

#38

Dima2000123

Pooh-Bah

Join Date: Sep 2006 Posts: 3,520

Quote:

Originally Posted by VectorWega

I'm pretty sure most of the FT profits are paid out as dividends to FT shareholders. They're raking in hundreds and hundreds of millions in rake, and there is no need to reinvest nearly that much into their business.

Quote

07-15-2009 , 01:36 PM

#39

VectorWega

banned

Join Date: Feb 2009 Posts: 577

Quote:

Originally Posted by nauty

Yes, there is a huge difference. For example, if you look at twitter, there are 21k followers of daniel, 13k followers of Ivey, and less than 1k followers of Patrik Antonius.

Quote

07-15-2009 , 01:39 PM

#40

VectorWega

banned

Join Date: Feb 2009 Posts: 577

Quote:

Originally Posted by Dima2000123

Perhaps, but it's not like FTP is out of it's growth stage yet. There are plenty of reasons to reinvest that money. One good investment would be to invest that money in bets against Phil Ivey winning the main event (and/or bracelets).

Quote

07-15-2009 , 01:50 PM

#41

plumpynut

newbie

Join Date: Jul 2008 Posts: 33

Quote:

Originally Posted by DanielM

He's the multimillionaire, mutli-degree holding genius who shops for hats in garbage bins.

Clothes make the man.

Quote

07-15-2009 , 01:53 PM

#42

Tim Teufel

centurion

Join Date: Apr 2007 Posts: 172

Quote:

Originally Posted by wigga

Link to the original story?

Quote

07-15-2009 , 05:35 PM

#43

Spimp

grinder

Join Date: Dec 2008 Posts: 450

Quote:

Originally Posted by centerright

No idea how much money Bloch made with the MIT blackjack team, but I'll be surprised if it's more than $100K. He was not one of the big guys in the team. Bloch had to play poker just so he could pay for Harvard Law School.

He is a slightly winning player, but if it wasn't for his stake in full tilt, he would not be that wealthy.

Ya... no way he would ever use this system outside of this event for his own profit...

Quote

07-15-2009 , 08:00 PM

#44

napolewan

banned

Join Date: Jan 2007 Posts: 1,501

Quote:

Originally Posted by wigga

Who is then? Ivey is up there definitely ....

Why that would be the best No-Limit Holdem tournament player in the world, Mr. Phil Hellmuth. Iirc he has just a few more bracelets than Ivey.

Quote

07-15-2009 , 09:17 PM

#45

skillsaw777

grinder

Join Date: Feb 2005 Posts: 523

Quote:

Originally Posted by wigga

Who is then? Ivey is up there definitely ....

doug lee...?

He's got a ring dude.

Quote

07-15-2009 , 09:21 PM

#46

shaniac

Carpal \'Tunnel

Join Date: Sep 2002 Posts: 9,982

Can someone explain the "chili" reference? Seems like it'd be hilarious if I understood it.

Quote

07-15-2009 , 09:30 PM

#47

Mookie88

veteran

Join Date: Dec 2007 Posts: 2,907

can he afford it? yes. will it effect him? oh yeah

Quote

07-15-2009 , 09:32 PM

#48

RigCT

adept

Join Date: Mar 2008 Posts: 787

Quote:

Originally Posted by shaniac

Can someone explain the "chili" reference? Seems like it'd be hilarious if I understood it.

Pretty sure you are leveling us Shane, but since you asked...

Chili has the tendency to increase the volume/disgustingness of fecal matter. If he wipes with $2m on a normal day, then....

Others might say "read the f-ing thread!!!" but this way I get to respond.