Wow, nicely done... thanks!

For what it's worth, looking up the actual owner of that home (Roobian & Company) finds this:

https://opencorporates.com/companies/us_ca/200726410147

What's Sos forfeited mean?

That home is a dump. Looks like it hasn't changed or been remodeled once since it was built in 1974. It is a complete gut and remodel situation.

13 Bracelets, 0 Upgrades.

Hi Mason, unfortunately as you probably know that's not making money from Poker tournaments, that's making money from people stupid enough to make poor investments.

To be honest even with unrealistic markups they may still not have much of an edge if we factor in all the traveling expenses, rake and tax implications.

You would need a pretty big edge over the field just to be at the breakeven point in actual earnings.

Good point. It probably makes tournaments very unprofitable long-term. The taxes will eat you up.

The fact that the mortgage is not being paid does not mean that Phil cannot personally afford to pay the mortgage. It means that he has chosen not to do so. That can be for a variety of reasons.

Other posters have identified the house is apparently not owned by Phil personally, but by and LLC in which he is a member. Generally, Phil is not liable for the debts of an LLC. He could make a contribution to the LLC to pay the mortgage, but there are various reasons why he would not want to do that. Clearly he has decided to just sell the house, and for whatever reason he decided or has been advised it is net beneficial to stop contributing money to the LLC to pay the mortgage.

Its not the payment of taxes that hurts you, its the fact you cant write off losses from previous years.

As an extreme example say you were..

2017 -$200K
2018 -$200K
2019 -$200K
2020 +$700K

Overall you are up +100K. but you have to pay taxes on the full $700K but cant write off the previous $600K in losses, meaning you lost overall over 4 years.....

I don't disagree with any of these observations.
There could be reasons he was given this financial advice.
There may also be some possible advantages of not paying a mortgage with possible mortgage relief programs on the horizon needing a period of non-payment.

Or it could be he is broke.... who knows?

So I guess when he said to Dwan you won’t be around in 10 years he was actually referring to himself.....

He said 5 years. And that was over 12 years ago.

Great hand. I think Dwan overplayed his hand. He should probably call the raise and not jam. Not sure if Phil has enough bluffs to make it profitable. Phil is usually weak tight. (At least that's my view of him).

I know it's HU but I doubt Helmuth goes broke even HU anything other than Ak and JJ plus

He’s probably been broke for 7 years anyway

Dwan didn't grind his way out of a triad game dungeon by folding tens

Funny video, reminds me of Joe Rogan meets Roe Jogan.

https://m.youtube.com/watch?v=6Cm3Wi8bjIs&t=1s

Too lazy to search the exact time when its happening but phil going into that sandwich has to be one of his greatest moments ever. The giant hot dog should actually be replaced by that roastbeef sandwich

I don't think Phil's wish.com Darth Vader entry got enough love

Ai generated Phil Hellmuth riding a giant hot dog on water

the technology is almost there

There's something correct with the second picture, upper left.

Dall-e 3 could do an actual good job of this if anyone has access

Chat GPT wrote me a nice little story.