Poker Player asks for £65,000 stake on Dragons Den - Page 2 - Poker News

Shame the kid was clueless, I think if someone went on and explained it properly and wasn't completely clueless not asking for 65k such as the guy above wanting a 1 off ME stake it could have happened, Duncan can't stop with the stakes is the rumour I've heard with him having over 50 people in the ME.

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07-22-2009 , 06:59 PM

#28

Bulletproof Monk

Carpal \'Tunnel

Join Date: Apr 2006 Posts: 22,217

has anyone got a link to the vid viewable outside the uk?

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07-22-2009 , 06:59 PM

#29

SSDas

adept

Join Date: Oct 2007 Posts: 957

'I'm playing 33 tournaments to minimise the risk and maximise the return'

What?

EDIT: Getting to this poker demonstration is just painful, why is he making himself look like such an idiot?

EDIT#2: This is just getting worse 'My business plan has me cashing in 8/33 tournaments and winning $250K overall' 'Which tournaments are you planning on winning?'

Last edited by SSDas; 07-22-2009 at 07:06 PM.

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07-22-2009 , 08:00 PM

#30

8ROM

grinder

Join Date: Sep 2008 Posts: 468

I got the impression that if boku had gone on equipped with his sharkscope graph and asked for a $5 investment that he would turn into 100k, peter jones would of still said no. He is such an arrogant knob who will only listen to himself and if anyone tries to tell him anything, he just looks at them like they are ******ed.

Its probably good that they don't see poker as a viable business or it might be gg tax free poker lol.

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07-22-2009 , 08:00 PM

#31

patstap

adept

Join Date: May 2003 Posts: 759

Quote:

Originally Posted by bigbrennan

He then asks for £65,000 in return for a 40% cut of his winnings, under these rules:

He will play 33 live tournaments, of which he says he will cash in 8. Giving an estimated revenue of £250,000.

He also guarntees the first £50,000 as being safe, effectively offering the dragons a return of 50k regardless.

Isn't this the same as having a combined bankroll, of which Hazan is contributing 77%?

He's putting up $50k and the Dragons are putting up $15k.

The Dragons' share is 23% of the roll in exchange for 40% of the winnings?

What am I missing?

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07-22-2009 , 09:07 PM

#32

dino1980

enthusiast

Join Date: May 2008 Posts: 55

Not that any of the Dragons would've invested but he did a really bad job of selling himself. No mention of potentially playing televised tournaments, no mention of wearing sponsored gear (with his backers company/companies on it) etc etc no mention of other media coverage an appearence on DD would get him.

For non UK residents, there was a guy called Steve Bellis who owned/ran a pub poker league (The Nutz Poker League IIRC) who went on the show a couple of years back and left with more than he asked for and i seem to remember the Dragons being really impressed that he had a few poker related url's. He never ended up taking the money though afaik.

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07-22-2009 , 09:14 PM

#33

Snagged

centurion

Join Date: Nov 2008 Posts: 159

Quote:

Originally Posted by Astyanax

I've played with him, he is an excellent mixed-game player. Many good pros tell him how good he is - nice guy as well.

fyp

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07-22-2009 , 09:41 PM

#34

gaml

adept

Join Date: Jun 2009 Posts: 789

Quote:

Originally Posted by patstap

He only gives back the 50k if he wins it.

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07-22-2009 , 10:32 PM

#35

Rupert

Pooh-Bah

Join Date: Feb 2006 Posts: 4,774

embarrassing to watch and probs busto

would be interested if they would be interested in an online kid who actually brings graphs/HEM stats etc. also he probably should have mentioned it's tax free

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07-23-2009 , 01:46 AM

#36

moki

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 8,051

This is just like any other "guaranteed golden opportunity investment" -- if the investment was really so golden, the pitchman himself would be the one forking over the money.

If he was really that good of a poker player, he'd have the roll to enter these tournaments himself. Selling off pieces of yourself to reduce variance is one thing; begging for a stake just makes it clear you're not very good.

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07-23-2009 , 02:40 AM

#37

I'm Old Greg

journeyman

Join Date: Nov 2008 Posts: 326

i saw this, the guy made a complete tit out of himself

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07-23-2009 , 02:41 AM

#38

Dos

old hand

Join Date: Sep 2007 Posts: 1,271

Cant watch the video, but are these "dragons" real or animated?

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07-23-2009 , 03:15 AM

#39

ShizzMoney

old hand

Join Date: Oct 2007 Posts: 1,655

Quote:

Originally Posted by nurabsal

I had a lucky win. My wife made me pay off the house and buy a holiday home before I lose it all. Now I've got no liquid and my wife will divorce me if I lose any more. Can I lose yours instead?

The lesson: don't get married

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07-23-2009 , 05:49 AM

#40

Flyingbanana

veteran

Join Date: Dec 2008 Posts: 2,279

Quote:

Originally Posted by Dos

Cant watch the video, but are these "dragons" real or animated?

They are just five successful business people.

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07-23-2009 , 05:50 AM

#41

Gin 'n Tonic

Carpal \'Tunnel

Join Date: Mar 2005 Posts: 6,305

Quote:

Originally Posted by ShizzMoney

The lesson: do get married

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07-23-2009 , 08:33 AM

#42

darkconcept

veteran

Join Date: Dec 2008 Posts: 2,221

Amazing show, watch it frequently in Canada. One of my favorites, can't believe I missed this.

big LOL

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07-23-2009 , 08:51 AM

#43

benny1978

grinder

Join Date: Nov 2008 Posts: 438

This has to be the funniest thing I have ever seen.

So basically the fella has no bankroll managment what so ever!

Hmmmm I know what ill do with my winnings......Ill pay off the mortgage, by a whore house in Sweden and use the rest of my money for tournys......dope Im left with 50k

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07-23-2009 , 08:55 AM

#44

Ted Maul

centurion

Join Date: Apr 2009 Posts: 162

Quote:

Originally Posted by Astyanax

I've played with him, he is an excellent mixed-game player. Many good pros speak highly of him - nice guy as well.

I've played with him a fair bit too. He is an excellent player but this was not a good idea.

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07-23-2009 , 09:28 AM

#45

iSTRONG

Pooh-Bah

Join Date: Sep 2004 Posts: 5,731

Quote:

Originally Posted by moki

that's just silly. Think about it for a minute & figure out why it's silly to make blanket statements like this.

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07-23-2009 , 09:33 AM

#46

Green_29

veteran

Join Date: Apr 2009 Posts: 3,037

Gotta say Im really really disappointed with the dragons here, I know that 99% of people just do not understand poker in the slightest, but I thought these guys would. Nope, still think it's pure, unskilled gambling just like everybody else does. Like there is the tiniest difference between playing poker and doing what those guys do. Yet they turn around and say "we take calculated risks, poker is just gambling". I dont know, why is poker so hard to understand, even for professional businessmen?

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07-23-2009 , 09:33 AM

#47

MvdB

veteran

Join Date: Sep 2004 Posts: 2,562

Sweating a friend, I watched part of the final table of the tournament he earned the $450k in. He luckboxed his way up there, and didnt seem to take the FT very seriously, taking in a lot of beer at the final table. He was the worst player at the table and everybody knew it.

When I won a ticket into the ME of the same series in 2007 he was trying to buy tickets from satelite winners for half the price plus a cut in his winnings, or something ridiculous like that - arguing he was late for buying a ticket.

I can't watch the episode but I'm sure he made a clown out of himself.

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07-23-2009 , 09:36 AM

#48

Green_29

veteran

Join Date: Apr 2009 Posts: 3,037

Quote:

Originally Posted by Karganeth

I just watched this. It was hilarious. I'm not sure why he didn't think he was a gambler.

And LOL at Theo Paphitis - who invests in failing businesses - saying he is not a gambler.

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07-23-2009 , 09:46 AM

#49

Bonified

Pooh-Bah

Join Date: Mar 2007 Posts: 3,555

Quote:

Originally Posted by iSTRONG

that's just silly. Think about it for a minute & figure out why it's silly to make blanket statements like this.

Not really, in this case. I don't know if you watched the clip but JJ was projecting an ROI of 300%. If you really had an ROI of 300% in those tournaments, you'd literally only need about £1000 to start off playing £30 freezeouts and you'd build up a stake in no time. That's if you had a 300% ROI, which nobody does, least of all JJ.

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07-23-2009 , 10:15 AM

#50

Hatchet

journeyman

Join Date: Sep 2005 Posts: 296

Quote:

Originally Posted by Dos

Cant watch the video, but are these "dragons" real or animated?

lol. Unfortunately, I couldn't watch the video either. I first heard of Dragon's Den while watching "The IT crowd" on Netflix. One of the characters goes on the show to sell a bra concept. I didn't realize it was a real show at first. Btw, I really recommend "The IT crowd" The first few episodes of series 2 are great.

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