Im buy some matusow action

The real robbery is happening over at GG, where "Friend of GG" pros are selling their action at 2.0 mark-up in the daily $25-215s. They always sell out because their names are a fancy colour in the lobby.

None of them have the sort of social media followings to explain being able to sell that much action to fans on the daily.

Absolute ****ing scumbags rinsing the uninformed and it's being allowed by GG, a site which claims to have the best interests of fun players in mind. Customers purchasing action at 2.0 mark-up on their platform are straight up being scammed.

Sure, it's a free market. But at what point are we going to start calling out the *******s who are blatantly ripping people off?

Name brands are able to charge a premium and get away with it all the time in the normal marketplace. Just go to your local supermarket and compare prices of name brands vs generics that are virtually identical in quality.

The fact that this happens in the markup marketplace should hardly be surprising.

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It's not so much the way I'm calculating markup, but rather something I might consider when deciding whether or not I would be willing to pay for someone else's markup. Would I be willing to pay $6 for a $5 raffle ticket if I somehow knew this particular ticket was twice as likely to win?

Here's an extreme example, one based not on buying a piece but on buying 100 percent of someone's action. I don't know how good a poker player you are, so let's assume for a moment that you are a studied, experienced MTT veteran who happens to live in Las Vegas. And let's further suppose that I'm thinking about playing in a $1000 tourney at Aria next weekend, but that I'm a total beginner who has never played in anything more than a kitchen table game with friends, to say nothing of the fact that my kitchen table is 600 miles away from Vegas.

Instead, I think, wait... I'll just call my friend auralex. He actually knows how to play this Texas All-In Hold Them game I see on TV.

"Auralex," I say, "You're not doing anything this weekend. There's a $1K at Aria. I'll give you $1,500. You play in the tourney, and whatever prize you win, I get. But you pocket the extra $500, win or lose."

"So I'm getting a flat $500 fee to put your money into play?" you ask.

"That's one way to look at it," I say. "I know my $1,000 is better off in your hands, so much so that I'm willing to give you $500 for the effort, plus you're saving me what I would spend on airfare, hotel room and bottle service at Sapphire."

"I should remind you that even if I min-cash, you'll come out a loser because of the extra $500 fee you're giving me," you say.

"Yes, I get that. But our skill difference offsets that chance. You're an experienced MTT grinder, while my poker expertise consists of watching WPT shows trying to figure out who was the elephant and who was the jackal."

"And how do you know I'm not gonna pocket the entire $1,500, tell you that I busted out, then save myself a day's worth of sitting next to eight social deviants with body odor?" you further inquire. "You actually trust me with that? I'm surprised at this, given that you not only read NVG but you're usually a reasonable albeit long-winded poster."

"Well, let me ask you something," I say. "Are you a scammer?"

"No."

"Are you a theif, where the word 'thief' is purposely misspelled?"

"No."

"Is your real name Chino?"

"No."

"Then I feel perfectly safe. Go run good, and I'll call you next week."

Agreed, it's not how markup actually works. After all, even with all of this, one could just find another player charging less or no markup, and the comparative advantage would still exist.

I'm just saying it might be a factor that plays into the purchasing decision – particularly from a buyer who wants to sweat of WSOP action but who has none of the skills to go with it. And let's be honest, that's probably almost 100 percent of the people who buy pieces of Matusow or Hellmuth or anyone else marking up their stakes. Sure, Matusow still might be a dog in some of these fields, but he's not dead money like the buyers would be, he's doing the "work," and those extra considerations are worth the extra shekels.

Bank of Timex was the best thing ever. Watching people get super ****ing mad because their absurd mu got under cut was fantastic.

Realistically that is how you fix absurd markup but there's legality issues with regards to market making like that which is why Timex had to shut it down (turned into pokershares eventually).

Came back to the thread to see if the "Markup Shocker!!!" was posted yet.

I have watched him before on the Hustlers online nightly games. He is entertaining. One nite he forgot his pants, That guy is a trip.

probably a popular opinion but timex always seemed like one of the more clever guys from that generation, he's a grade A troll on crypto twitter atm too

Matusow is still O for WSOP in cashing this year.

His action is selling terribly on YouStake.

https://youstake.com/player/Mike_Matusow

i've never bought or sold on there
how much is usually bought at the last minute? seems like he has about 70 percent left in tournaments that start in a day or two.

Looking for Matusow to rub it in and middle finger his critics if he finishes high in today's dealer's choice game.

Success is the best revenge but I hope I don't jinx him with this bump.

Is it safe to assume that all who invested in Matusow during the 2021 WSOP made massive profits?

Is he still playing in some events or is he done playing for the year and ready to pay his investors their juicy ROIs?

Final verdict? Moment of truth?

If you bought a piece of Mike in an event he didn't cash, you lost 100% of your investment. Mike cashed in 7 events, probably didn't cash in another 2 dozen events. I would say the majority of people who bought a piece of Mike lost money.

Mike is currently playing in Event #80: $3,000 6-Handed Pot-Limit Omaha.
He will most likely cash in this event.

Mike knows limit poker.

When it comes to poker, Mike knows poker.

I'm the greatest, and here's my freeroll win to prove it lol.

My sentiments exactly.

https://twitter.com/themouthmatusow/...95551380160515

If this is to be believed, Mike's Cash rate (48%) is phenomonal.

If you were lucky enough to buy into one of the 11 events he cashed, you probably made a little something, if the mark-up didn't chew up all your profits.

Anytime you leave the WSOP in the black, you're ...

I may have missed it but how did Mike fare against Fedor & Phil please.

He didn't make that much, but 46% cashes and 3 final tables is pretty good. Maybe the markup was not that excessive. He may not be great in NLHE now, but decent as a tournament player in other games.

Premise of poker is getting playing against people at a game they’re losing at.

People buying action at bad prices is not much different. Some “recreational bettors” mistakenly believe they’re making money on it but for the most part they’re doing it for enjoyment.

It’s just another way to parlay your fame.

Almost no one has an issue with people selling at a high markup. The issue is when they give delusional lies that lead gullible people into thinking it's a profitable investment and not just for entertainment. There are levels where we don't know if it's a profitable buy, but Hellmuth selling at 1.8 in a 10k super turbo or at 1.3 in a 50k nl that he's regging day 2 with 10bb we know is not profitable. If he just said it was for entertainment there's no issue.

According to Hendon Mob, he actually cashed in 8 events. Total ROI was 17,48% if we take his word on the total profit number (which is a pretty big if given that he obviously has serious mental issues and isn't exactly great at math*). I love how at the same time he's basically bragging about something that doesn't have any meaning ("OMG, I played the equivalent of a light Sunday MTT schedule and made a profit") and admitting to screwing over his backers (who had to pay 50% mark-up to a player who's proud of - and somehow seems surprised by - his 17,48% ROI) lol.

https://docs.google.com/spreadsheets...wsU/edit#gid=0


*) https://www.pokernews.com/news/2021/...rbit-38981.htm

I'm too lazy to check, but I'm sure a few of those events had reentries. If he's off on how many events he's cashed then I'm sure his numbers are off.

I couldn't sleep lets kick this out quickly. These were the events we can verify through PokerNews that Mike played. The last event we saw on youtube that he played.

24 events, $162,000 in buy ins, $174,736 in cashes for total of $12,736 for I believe is around an 8% ROI.