Quote:
Originally Posted by cmack
He cashed 4 times at the WSOP and you don't think he played that many tournaments? With the 50k, 40/25k WSOP events he probably used 150k minimum during the summer
Hendon MOb DB has him cashing in
five events for about $315K. He paid just over $210K in buyins.
Quote:
Originally Posted by cmack
plus all the other 100k/25k highrollers,
Oh? Which ones?
I presume there must have been some, but what were they?
Quote:
Originally Posted by cmack
seems safe to say he hasn't had a winning year since 2008. Do The Math.
Like I said,
if he played over 35 events*, he probably lost money. I haven't seen a comprehense list of his entries for the year, but what very little of his tournament-playing habits I have heard of tells me it is entirely possible he didn't play many outside of the WSOP.
*Actually, given that his average buyin in WSOP events in which he didn't cash was so much lower than the average buyin for events in which he did cash, I'll have to revise the number up closer to 40.
Quote:
Originally Posted by cmack
Doesn't really mean he is broke or close to it, but I don't think 350k is even break even playing the type of schedule Barry G does.
What sort of tournament schedule does he play?
I had the (quite possibly mistaken) impression that Barry was primarily a cash game player who played tournaments at the WSOP and a few high-profile promotional things. Like I said, if he played over 35 tournaments last year, he's probably losing money at tournament play. Did he play that many?Just because he plays a whole bunch at the WSOP doesn't mean he plays many the rest of the year. Also, are any of his buyins covered by Pokertars?
Quote:
Originally Posted by blueodum
Barry played over 25 tournaments in the WSOP/WSOP-E alone.
Did you include the cost of travel and accommodation? Did you include the fact that Barry is a self-admitted big spender?
Guys who play the circuit spend about 300-500k in buy ins a year, not including travel expenses. 350K gross is a terrible year for such a person.
Is Barry such a person?
26 of his 34 cashes since the start of 2009 have been in Las Vegas or LA. Three more have been at the Stars-sponsored Caribbean Adventure, and three have been in London. The leaves two events that involved travelling outside this limited itinerary.
He plays in Vegas for the WSOP. He plays in London in the fall, back to Vegas in December, Caribbean Adventure in January and LA events in Feb/March. What else has he been playing in the last year or two? It doesn't look like he's travelling much of a circuit on his own dime to me. But I don't know what he has entered yet not won. Perhaps he's travelling all over the place and losing. You got any sources for his complete list of tourney entries? Does that data show how much of the entry fees he put up himself?
No, I didn't take into account his self-admitted big-spender habits. I have no idea how much he as spent on chartering private jets to commute between California and Nevada. I also don't know how much he spends in helicopter or limo rides from his home to the LA events. I don't suppose he'd ever get comp'd a room for all or part of the WSOP, nor would he ever stay with friends in Vegas. Do you have any data on what he actually spends in travel and accommodations?
Of the top 1000 money winners over the last year tracked by Hendon Mob DB, only 189 have won more than $500K. There must be a lot more people losing money than makign a prioft among the top money "winners".
Quote:
Originally Posted by Punker
So, assuming he paid all his own entries, and kept all his winnings, he would have had to find a way to spend over $100K in travel, accommodation, etc., from May to July, to have lost money on the WSOP. Certainly doable. Did he do it?
Any info on whether he covered all the buyins with his personal funds? Nothing covered by Pokerstars? Did he get to keep all his winnings?
Quote:
Originally Posted by blueodum
Buddy, it isn't 2008 anymore.
This was true in the past. .... He has stated that big mixed games have all but dried up - and this USED TO BE his main source of income. Has not been known to play in big NLHE live games. Rarely played on the internet - now doesn't at all. So where is all this big cash game income supposed to be coming from?
You seem like quite a knowledgeable guy. How much is Barry winning (or losing) in cash games these days?
Quote:
Originally Posted by blueodum
Here's an LA Times story from 2005...
By 1991, ... he left the company... He was faced with piles of debt from living beyond his means in Silicon Valley, so he sold his remaining stock options and paid off creditors.
Sold his stock options to pay off his creditors. ...
That's persuasive. I'm convinced he isn't making money directly off of Symantec stock he obtained while working there.
Now, when he sold off his options and paid off the debt, was there any money left over from the sale?
Quote:
Originally Posted by blueodum
In 1984, he signed on as the fifth employee at ... Symantec.
-Note: Symatec was founded in 1982...
Also, 1984 to 1991 is seven years, but nice try Do the Math.
Yeah, I figured that fifth employee of a firm founded in '82 meant he was there 9 years, which in my books is nearly a decade. Doesn't change the fact that I was right that he got valuable stock options for being an early employee. I was wrong to presume he still had them. Don't know whether he is still benefitting from the sale proceeds.
QUOTE=RedManPlus;31515399]About 2-3 years ago right here...
Barry claimed to be worth "8 figures" = $10,000,000...
And made a point of mentioning...
His vast California real estate holdings...
[/QUOTE]Given what has happend since 2008 to real estate values in the US, his eight figures might well be down to seven. And if his cash game income has dried up and he's losing hundreds of K at tourneys, his seven figures might be down to...
a smaller seven figures.
Yeah, he's sooooo busto!
Last edited by DoTheMath; 02-13-2012 at 10:37 PM.