It must be the worst place to be in, old degenerate gambler with no money, chasing losses that at one point made you rich, but you're long passed by the game. Broke and alone.

pessagno

He was at few events at WSOPC in Cherokee the last couple years. Don't know if he plays full time or not but I believe he said he lives in Charlotte now when he was at my table.

Cheers mate. Just remember seeing your name all over p5s. Then I played a few micros with you of late. Hope you climb those ranks again.

Skaiwalkurrr

Before he blocked his sharkscope, I think he had around 2 year break even stretch. I guess ignoring Math finally caught up with him.

This is great insight, thanks

old(er)school team Germany guys; Gruissem, Quoss, Renkeimer, Kurganov

He used to play at the Vic in London quite often shortstacking 5/10plo. Last time I saw him was in the bank opposite the casino about 18mths ago. Its so weird these old school / washed up once tv pros are trying to run it up in obscure places every other month. What a weird existence. Whenever I see him and others like him I think of the glamour of the WPT and what made me fall in love with poker - then see the reality of these guys 10-12 years later and its just pathetic.

At least he lived it and had a run more than many can say in the game.

Deeb has played in London for ages. When I lived there, I played a GUKPT with him maybe 7 years ago. Said the Vic had been one of his regular casinos for decades, apparently some of the biggest games in the world ran there way back in the day. Which when you consider the demographics of the area it is in, isn't that surprising.

Absolutely. Just sad to see its passed them by.

Thinking more about e-dog it's actually not as bad as I thought and as some make it out to be.

In the Bluff interview he says he valued each of his 3 FTP percentage points at $10-15M. One point was held by Jesus as collateral for outstanding loans.

So here' a guy who figures he's worth $30-45M debt-free -- and still $20-30M even with a bunch of debt hanging around his neck ( he says max $10M ).

For someone with $20-30M+ , sports betting $100K per game is probably not optimal money-management, but it's not exactly playing foolishly outside your net worth either. It's 200-300 bets which is about Kelly so it's like he was using his entire net worth as his sports betting bankroll.

Of course there are other considerations : FTP share was not really liquid ( pros discouraged from selling shares -- anyone know more about this ? ) and paid dividends of only $250K / month , so due to the variance of betting that high it necessarily entailed large loans secured only by the payouts.

But considering most of USA is grossly in debt vs future assumed payouts, even that doesn't seem that bad.

The real error of judgement was thinking online poker in its form back then could continue to exist year-after-year.

So Lindgren's fatal mistake was never hedging risks to his primary income stream - instead treating it as a inexhaustible surefire payout from an ongoing bet he always would win.

Of course the reality of owing money doesn't take into account these details, and it's clear to me that Erick will never make good on most of his debts. Live poker is too difficult now for old-school guys to build-up from the bottom to where they once were -- it's basically out-of-reach except for those with huge bankrolls like Phil & Daniel & Doyle. urindanger has it right.

Getting staked in tourneys may pay the monthly bills but it's a sad existence. Erick should forget about e-dog , thank god he's in USA and use bankruptcy to put all his debts permanently behind him ( except student loans if any lol ), exit the gambling world, and start over in some other profession while he's still young.

Hopefully nobody named Guido will come after him in a dark alley someday.

Kurganov still crushing the game at top level

What goes up must come down. The fact that he and others have such amazing runs is the curse itself. Without the run the game would have chewed him up and spit him out ages ago... after which he probably would have righted himself and had a successful normal life doing something else.

You're right that he and many other gamblers certainly lived the high life for a time... most definitely had highs that I probably couldn't ever dream of/ achieve in my life... but they all end up the same though dont they..

i guess the question is if they knew where they would end/ how it would end... would they have still chosen to live the life they led?

Wouldn't that be a second major mistake?

Benyamine

Saw him playing in Ivey's room during the WSOP in June.
https://imgur.com/sHwvP5A

You go through all this analysis and then come up with a wrong conclusion. His fatal mistake was making sports bets when he's clearly a fish. Sports are very, very, very hard to beat and I see nothing that indicates that he had an edge at it. This is obviously a life leak for him and a primary source of his troubles.

Is this a level? He HAS declared bankruptcy. In fact, I think he's done it more than once now.

You put in a lot of effort into your post without current information

There was a story about how when Carlos blinked a massive score and Erik had half of it. Came in one night with like 2.5mm in Bobby’s room and was borrowing 48hrs later. So his swings were prob trough the roof on sports, golf and poker.


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I believe Lindgren has publicly admitted that he was a major fish/degen sports bettor.

Where is Phil Laak playing these days?

10/20 @ Bellagio.

What about Jamie Gold?

I miss railing this guys games. I'd watch a lil, go to bed and he still be playing... I'd go do some stuff and come back and he'd still be playing. He made PLO so interesting to rail.