Gus Hansen up massively in 2010/How is Gus not Busto? - Page 5 - Poker News

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Gus Hansen up massively in 2010/How is Gus not Busto?

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09-02-2010 , 06:59 AM

#101

TopCat123

old hand

Join Date: Jun 2010 Posts: 1,804

Gus = recreational losing player!

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09-02-2010 , 07:20 AM

#102

captZEEbo

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 9,991

Maybe he just loves the challenge and wants to become one of the best. If you can afford to, why not keep challenging the best?

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09-02-2010 , 07:22 AM

#103

ben wb

veteran

Join Date: Sep 2006 Posts: 2,622

Quote:

Originally Posted by ArcadianSky

And I'm guessing the past 3.5 years were "just variance"?
He's a massively losing player...there's no debate about it, the results speak for themselves. It's not a matter of IF he is or not, it's a matter of WHY he stubbornly refuses to acknowledge it.

He's more of a marginally losing player than a massively losing player. In PLO he is down $9m in almost 900k hands. Obviously that's a lot of money but it's only about 100 to 150 buyins at his average stake, which means his long term winrate is likely somewhere between -0.5BB/100 and -1BB/100. Pretty marginal and it means that he can have (and in fact has had) huge upswings and downswings that can last for hundreds of thousands of hands and hundreds of buyins. eg.

I know that the standard deviation is about right for Gus.

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09-02-2010 , 07:27 AM

#104

NurseShark

adept

Join Date: Sep 2009 Posts: 969

Quote:

Originally Posted by Tom Dwans Son

$3 million really isn't that much. Sure, it is a lot for one month, but that's just variance.

As was already pointed out in this thread he's only down 9.2 million in the past 3.5 yrs A player like Gus can win or lose a million in one night. Until he starts losing $3 million every month there really isn't any reason for concern.

As usual the Dwanmeister's son make sense, 3 mill a year is meh for Gus, def must hurt his pride though

Someone please post the interview with Gus a few years back where he claimed he was a winner online??

Hey maybe if people keep ribbing Gus about his loses quoting PTR/HSDB his pride will be hurt enough to go to Howard and ban these fish embarassing sites??

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09-02-2010 , 07:48 AM

#105

wilk99

enthusiast

Join Date: Mar 2008 Posts: 92

If i was a november nine i would lock gus down for some solid coaching.. worth every penny..

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09-02-2010 , 08:03 AM

#106

Novelty

grinder

Join Date: Jul 2010 Posts: 592

I don't buy that there is THAT much money in Backgammon as people claim, yes some big games, but the "oh gus can lose 3 mil online, he makes so much more in bg" ... really? back up these claims.

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09-02-2010 , 08:09 AM

#107

johndoes

journeyman

Join Date: Apr 2009 Posts: 328

Quote:

Originally Posted by Novelty

I don't buy that there is THAT much money in Backgammon as people claim, yes some big games, but the "oh gus can lose 3 mil online, he makes so much more in bg" ... really? back up these claims.

He's still playing?

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09-02-2010 , 08:29 AM

#108

Achrilles

grinder

Join Date: Feb 2010 Posts: 478

where do he get all the money from :O lol

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09-02-2010 , 08:34 AM

#109

ShortstackCat

temp-banned

Join Date: Jun 2008 Posts: 1,650

what if he put the 15mil in stocks and tripled it before the market crashed? no one knows what these people do with their money

gus could be worth 100mil

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09-02-2010 , 08:52 AM

#110

KlaSuu

banned

Join Date: Jan 2009 Posts: 1,254

Well he's a member of FT for one so he prob gets aroudn 5mil+ from that a year.
Live games he prob makes money.
He makes a lot at backgammon probably too.
Business

I'm pretty sure 3mil isnt that much to him.

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09-02-2010 , 08:57 AM

#111

Masq

Carpal \'Tunnel

Join Date: Oct 2008 Posts: 15,132

Quote:

Originally Posted by KlaSuu

I'm pretty sure 3mil isnt that much to him.

It'd be a sizeable sum to him to lose in 1 month. I don't think many people drop $3M in a month and don't feel a bit bad about it.

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09-02-2010 , 09:03 AM

#112

BustedNuts16

veteran

Join Date: Apr 2008 Posts: 2,518

Ivey?

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09-02-2010 , 09:04 AM

#113

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

He prolly cares about losing 3 million but not enough to stop playing

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09-02-2010 , 09:08 AM

#114

Psycho Boy Jack

old hand

Join Date: Jul 2006 Posts: 1,742

Quote:

Originally Posted by ben wb

Pretty marginal and it means that he can have (and in fact has had) huge upswings and downswings that can last for hundreds of thousands of hands and hundreds of buyins. eg.

have u seen him play ?
its not a "huge downswing", he doesnt run bad. He just gives money for free.

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09-02-2010 , 09:21 AM

#115

clutchbeastmaster

banned

Join Date: Nov 2009 Posts: 612

gus is just leveling everyone into thinking he is a losing player. he is going to start trying now and take everyones monies!!!!!!!!!!!!!!!!!!!!!!

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09-02-2010 , 09:23 AM

#116

ben wb

veteran

Join Date: Sep 2006 Posts: 2,622

Quote:

Originally Posted by Psycho Boy Jack

have u seen him play ?
its not a "huge downswing", he doesnt run bad. He just gives money for free.

I'm not suggesting that he's a winning player against the opposition he plays (it's still possible though but unlikely) but he is definitely not a huge loser in terms of winrate(eg. -5BB/100 or worse). If he was he would be down $50m+ after 900k hands. Guy lost more than twice as much as Gus has in 1/10th of the hands, playing similar stakes.

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09-02-2010 , 09:24 AM

#117

moki

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 8,051

Serious question, because I have no idea. How much money can there possibly be in "high stakes backgammon"?

http://www.cigaraficionado.com/Cigar...44,569,00.html

http://www.gamblingonlinemagazine.co...?articleID=325

...is about all I could find on it. It certainly doesn't seem like something one could make millions of dollars a year at.

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09-02-2010 , 09:29 AM

#118

Masq

Carpal \'Tunnel

Join Date: Oct 2008 Posts: 15,132

Quote:

Originally Posted by moki

...is about all I could find on it. It certainly doesn't seem like something one could make millions of dollars a year at.

I guess it depends on what circles you mix in & if you find the people to play against. He won €2M at EPT Monte Carlo in a hotel lobby playing some russian guy. Who's to say there aren't people willing to play that high on a somewhat frequent basis.

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09-02-2010 , 10:11 AM

#119

Trent Raisner

veteran

Join Date: May 2008 Posts: 2,085

He should stop playing nosebleeds, it's embarrassing.

Quote:

Originally Posted by spino1i

didnt think of this, but this is the most likely explanation. If he has a good % share of FT he is going to have an unlimited supply of money to burn on these high stakes games.

Didn't he used to own a poker related business/website in Denmark, he sold for much $$$?

Quote:

Originally Posted by VinceS

doesn't he play bg with rich donks for millions?

What type of rich donks play BG for millions? Never heard of this.

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09-02-2010 , 10:29 AM

#120

craianos

adept

Join Date: May 2009 Posts: 888

The people saying he should stop playing are the same people who'll cry when the nosebleeds are dead because one of the main contributers is gone.

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09-02-2010 , 10:32 AM

#121

SuckMyBlind

newbie

Join Date: Apr 2010 Posts: 39

I remember reading that Gus didnt even show up at day 2 of the Ept High Roller in Monte Carlo this year (thats 25K euro buy-in) because he met a russian millionaire the night before who was willing to give him action at backgammon. He won 2 mil euros that night while blinding out of the High Roller...

Pretty sure he's doing fine...

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09-02-2010 , 11:10 AM

#122

SmokeyQ123

Carpal \'Tunnel

Join Date: Nov 2007 Posts: 6,583

Quote:

Originally Posted by spino1i

didnt think of this, but this is the most likely explanation. If he has a good % share of FT he is going to have an unlimited supply of money to burn on these high stakes games.

I dunno if his % in FTP would be enough to offset his losses (maybe it would be, just saying I don't know) but he sold some (poker?) company a few years ago and I've read a few places that his share was $15m. Add live scores, money from playing live fish occasionally and I'm sure after $9m losses he still has a lot of money, plus continuous revenue from FTP.

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09-02-2010 , 12:14 PM

#123

moki

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 8,051

I'm sure Gus is not busto, but dropping $9 million surely has to hurt somewhat; at the very least, I'm sure his ego has taken a battering.

He also lives a jet-setting, partying lifestyle that I'm sure isn't cheap.

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09-02-2010 , 12:23 PM

#124

ArcadianSky

veteran

Join Date: Apr 2006 Posts: 2,386

Quote:

Originally Posted by SmokeyJ

I mean, if I had $15 mil or $50, I wouldn't put my money in a place where I consistently lose it, and look like a fool while losing it.

I just don't understand why he hasn't dropped down, or at least, gave us some insight into why he is so stubborn with dropping down. Not that he owes us that, but I think he'd try to protect his image a bit.