$5422.94 prizemoney - $3150 entry (3 bullets@ $1050) = $2272.94 profit.

But Negreanu sneakily uses his backers to pay for his early entries and pays his later entries himself when he is more likely to cash as there are fewer opponents left, so he will do better than his backers.

Rickroll, like you I dont watch much of this online series as it is boring watching anyone grinding online, particularly watching someone playing badly. But both sides of viewers saying he is too loose/ tight are right, he is too tight early on, and then goes too aggressive and macho with marginal hands later on.

Looking forward to an analysis Doug or Joey!

i watched his stream for the first time yesterday. the mods had to make it a subscribers only safespace because daniel couldn't handle the chat.

Throughout the stream, he was saying that his backers were getting paid for this tournament, so I’m not sure why you posted that now.

Stop commenting when you have no idea what you're talking about.
1) You're lying about his backing info.
2) Why do you think he would he intentionally punt off money to screw over his fans?
3) If late regging was better, then pros wouldn't play early stages.
4) 88 is a beyond standard jam BTN vs SB with 35bb vs the opponent.

I don't like Negreanu, but his backing deals have always been generous to fans, and most of his play is fine.

Because he made it clear when he busted and before rebuying that he was playing on his own money from then on.

So the backers would get paid from the cashes up to the point he was knocked out, and he would pocket any winnings after that.

Look, he said this himself, so don't go around calling people liars without getting your own facts straight first.

If he knows he is short stacked, and not that likely to cash, and get a small part if he does cash, or bust, rebuy and get a bigger stack and keep all of any winnings from then on.

The late buy in debate has been done to death. But the above two points haven't been considered.

If you think it is a standard jam, in a knockout tournament with lots of money to be won by knocking out short stacks with big bounties on their head, when you have 88 and are not particularly short stacked or in need of a double up, ands two places till another $500 jump in prizemoney, we disagree.

No. When they reached the money, he was saying how his backers had at least doubled their money at that point. That wasn’t his first bullet, but he was still paying backers on this event

Are you just making things up to seem cool in this thread?

"But Negreanu sneakily uses his backers to pay for his early entries and pays his later entries himself when he is more likely to cash as there are fewer opponents left, so he will do better than his backers."

The above quote is pure speculation. There is not a single fact in that quote.

It is 100% a jam. Of course we disagree because you don't know how to play tournament poker.

OK smarty pants, answer me this. Why doesn't he get his backers to equally share all buy ins and returns?

Why is it reasonable that he gets to share in any earnings from successful first bullets, but only he profits from any earnings from successful later bullets?

Of course you can't see any evidence if you ignore what is said to you.

The website (GGPoker) is not set up to sell 2nd or subsequent bullets (according to Daniel).

So you think Negreanu goes out of his way to sell action to his fans to screw them over? Seriously? Do you understand how staking works? Negreanu is going to rebuy unlimited times. How do you charge people for that up front? You can’t. You anticipate a number and sell that. When it’s one or two backers it’s easy to contact them and ask if they want to stake the next bullet. Stop being such a muppet. We get it, you don’t like Negreanu. He does enough **** to give him grief without you making up stuff.

Hard to believe he likes playing check/call, check/call, check/call poker with a very marginal made hand for what, 75% of his stack? Went from ~40bbs to 10bbs I think.

And the reason he says "without any information on the unknown player", is because every hand he is not playing, instead of watching the hands and how the other players are playing, he is reading/answering chat, playing on his phone, preparing food, fondling boobs lol, etc. He only looks at the table when the "action on him" indicator starts beeping.

It's possible he has decided (even subconsciously) that it's a better look to the casual fan to play tight and sorta bad but to always last Iong in the tourneys and have a long stream..he also brags about his number of cashes which is meaningless in this situation but impressive to casuals..

That is exactly what he does and why he does it.

For the stream and to 'get cashes'. He really seems addicted to the steams.

He has to be the most predictable player I have ever seen. He always raises 2 BB. Never more.

Plays tight 90% of the time with an occasional in position bluff. Will fold to almost any decent raise.

Then when he gets down to 15 BB's or less, he starts going all in on anything. If he busts he just rebuys. Sometimes he min cashes, sometimes not.

Literally been the same thing in every stream I have seen him in. Yesterday would have been the same but when he got down to 10 BBs or so after his second or 3rd buyin, he won 3 straight all ins in a row-2 of which his opponent should have never called him ever, all within 10 minutes or so, so he got lucky.

Then he went back to his normal style, got whittled down to nothing. Calling station when he should fold. Blinded down. All in. Bust.

His playing style has no imagination. No creativity. No variance.

I could see why he was successful playing that way 18 years ago. But not now. I watched some of the Big Game reruns from 2010 or whatever it was and he was getting beat playing that style then too. He seemed like a big time calling station with those guys.

Hi Threeflight:

I want to add a little more to this. I think this is correct but that's not necessarily the case.

Years ago, when Negreanu (and certain other successful tournament players at that time) made a big hand and then made a big bet, there were bad players around who would call too much. And when you get a big bet called that shouldn't be called, that can make up for a lot of errors.

Today, this just isn't happening at the rate that it once did, and therefore any weaknesses that were also present are getting exposed more.

In 1987 the first edition of my book Gambling Theory and Other Topics came out. The has a poker tournament section and one of the things I wrote was "You don't win tournaments -- you steal them." And I believe at that time this was an accurate statement.

However, over time, in no-limit hold 'em tournaments, this began to be replaced by getting bad players to call large bets that they shouldn't and is a possible explanation as to why Negreanu's small ball strategy was successful. But today, it doesn't look like that's the case any more and the original statement about stealing tournaments may be more accurate again.

Best wishes,
Mason

Good point.

His bust out yesterday was completely standard and the correct play imo.

The A9 hand that’s been mentioned was a pretty big mistake, and shows why he’s struggling/getting run over during these tournaments. His rationalization after the hand played out is something I’d expect from a recreational player, not a pro.

I doubt he’d be profitable playing $100s online today—the game’s passed him by. But I’m sure he’d still be a winner at live WSOP events where fields are softer and he has aura equity.

I am not making anything up, just pointing out what his little lapdogs don't want pointed out.

Of course you can charge people upfront for three rebuys, and refund any not used. You can't precisely anticipate, but after three rebuys it becomes clear that it is not worth buying further bullets, as he min cashes, so min cashes dont cover three buy ins. I've not bothered following him much this series, as watching his online grinding is so boring, but he seems on average from what I have watched to have a 2/3 bullet limit.

You are naive if you don't see what is going on. There is a big difference in how he plays with others money and how he plays with his own.

Just ask the backers who invest in unprofitable early bullets what they think of him cashing entirely for himself on his subsequent own exclusive buy in. In a knock out tournament his backers were lucky there was some bounty, in non bounty tournaments backers would get nothing from failed early bullets.

Sorry Negreanu fanboys, it is angle shooting, if you can't see that that is your problem.

yesterday he did say that he doesn't care at all about bounties, only winning the tournament. i wonder if his backers agree with that sentiment.

Put your thinking cap on, people..this is not traditional staking in any way shape or form..this is letting fans sweat him for the fun of 1 percent..often 5-10 dollars..you think daniel needs to be staked in these lol?????

Yea, seems like the staking is all about giving fans a small sweat.

There are so many legitimate reasons to be annoyed by Negs, his staking isn’t one of them imo.

Yeah was going to mention this. From what I have seen his backers are putting in like $5 or $10. And he might sell 10% of himself total. It's nothing.

The bounty talk yesterday was funny. He acted like he didn't care about them at first and then when he got few was acting like a 14 year old after his first kiss.

I guess of all the things that irk me about him besides his endless bragging, is he is a 40 something year old man who acts like he is 13. Being around him for any length of time must be an exhausting experience for anyone over the age of 25.

At the risk of playing armchair psychologist, it’s obvious Negs is deeply insecure. That’s why he brags so much, and that’s why he’s so obsessed with what chat is saying to him. Incidentally, his biggest leak might be the chat—he’s not even that focused on playing, he’s completely obsessed by what random trolls are saying about him. He’s too stupid to realize that acknowledging them only makes it worse on him.

Your Dnegs hate boner is taking up so much blood it’s leaving your brain with no oxygen.