I just did a bank wire for six figures to a title company. Instantly took the funds from my account to theirs. I imagine bank to casino would be just as professional and easy.

At 2am on a sat night? Lol

I know players that lose $4k every single weekend playing 2/5 (never win). You can do the math to determine how much that is over 20 years...it's not quite 8 figures but that's 2/5 low stakes ffs.

But how much did they win?

Not to mention the title company and bank probably already have an establish relationship and have done thousands of transfers before. I do the same 6 figure transfer to the title company, 2 to 4 weeks.

Not even the most degenerate person is sticking around a poker game for 20 years if they are averaging loosing 800bbs per weekend. Cool story though.

So a whale is determined by longevity in the game? 8 figures ain't very much over 20 years for these big game pros to feed their families and bad habits. Can you not lose 6 figures in a session in these games or are they just not that big of games?

I don't know, that's an argument you are having with a different poster. I was just commenting on your 2/5 game example.

I said 8 figures because it almost has to be somewhere between $10 million and $100 million. If you buyin for 20 big bets at $4K/8K, this is $160K. I believe the PL/NL games are capped per hand at $160K for $4K/8K. So you could easily lose 7 figures in a session, although that would be unusual. They probably played some $1500/$3000 20 years ago though.

Hi Everyone:

Let me add in a few things that are either talked about in his book or I know from other sources.

First, Eli admits to having at times been a big loser. There is even a chapter titled "The Day I Lost $1 Million." He also talks about large losses early in his poker career. So the idea that Eli is hiding this stuff is not correct.

Second, there is much discussion on his relationship with Full Tilt Poker and what they were paying him which was a lot. And I believe that part of the reason that other players lent him money was that they knew he had income from FTP and would likely be paid back. The problem occurred when FTP was unexpectedly closed down.

As for being a skillful poker player, Eli admits (in his book) that he's not very good at games like no-limit hold 'em and PLO. But he also claims that he's very good at the mixed games (and has done well in tournaments).

Now my sources tell me that at a full table, Eli is too loose (even in the mixed games) and again he admits to this in the book. But he also claims to be at his best when the mixed games are short-handed and again, from what I know and have heard, I believe this to be correct.

As to whether he's an overall winner or loser in the mixed games where as far as I can tell he now does all of his play, I don't know the answer.

Best wishes,
Mason

A domestic bank wire takes less than a day, usually a few hours. Obviously not at 2am on a Saturday night, but I don't know why any rational person would feel the need to loan someone that kind of money at 2am. Hence the reason the debt hasn't been paid in a decade.

Federal law prohibits banks from taking longer than 3 business days to transfer funds. They used to take 10 days to 2 weeks and longer to cash an out of state check when the funds were in their account way before they would finally authorize the funds.

It was kiting on a grand scale. They made some nice change stalling delivery even after they had the funds in hand.

2 days or 200 days it’s same difference lol

If you bust you can’t just get 500k from your bank, so someone might lend it to you.
Maybe you lent them money before or vice versa.

Anyone half decent back in the day was printing easily so people were less concerned about needed the money or being paid back.

[QUOTE=golfbum983;56782344]2 days or 200 days it’s same difference lol



true dat

The reason is to keep the player in the game. Wether it’s a good or bad idea or even morally wrong to loan them money for that is a different issue.

At the end of the day it’s not that different from a 1/2 game. Guy loses his last buy-in, stands up and announces “save my chair, I’m going to the ATM”. How often does that player return to the game? I’m sure a decent amount of the time he’s just lying to save face and never intended to come back. But there are definitely situations where the player realizes on the 2min walk to the ATM that continuing to play wouldn’t be a smart idea and leaves instead.

Dont worry, you have Doyle's vote!



Another notch in Doyle's good old boys club?

true and how'd that work out for most of them?

It stands to reason that the big game isn't played full ring very often either, so it's very plausible he did OK.

It leaves instantly. You cannot withdraw it when receiving for days.

I find it hard to believe that Chicago Title Company would hand me title and an insurance policy without the funds in their hands. How does that work?

I made the transfer an hour before showing up at the closing because I didn't want them to have my money one minute longer than necessary. I was told by banker at Chase that the transfer is instant but may take 15 minutes to show up at the title company. The title closer called me, as requested, as I was exiting the bank, and told me they were in receipt of funds.

This is a cash transaction: They removed the cash from my account and placed the funds into Chicago Title's account. How could that take days? My money was gone instantly.

So he's trying to be nice and all he can say is that Eli has played a lot. Well ...

Do you mind giving a ballpark number? IIRC, even David Benyamine was on $500,000 per year or something absurd like that. No clue why they would pay Eli something similar to this or even more, which, judging by your post, I'm guessing they were. To me, it would only make sense if he invested early and had a decent share similar to Erick Lindgren.

for all we know, doyle is busto without eli

Going from memory the book says $40,000 a month.

Mason

never loan money to a poker player