Quote:
Originally Posted by MegaOuts
I have no idea why Dwan agree to an increase penalty. It like he is paying 25% interest for the 1st year for 1.5M side bet, than pays 50% of interest for next year....lol. Soon the penalty in 1yr cost more than side bet after 3rd years.
Was probably just a bogus good faith move to buy time and avoid being called a scammer. You say it's like he's paying 25% interest but it's much more likely he will never pay anything. Best case scenario, he would've had an upswing and been able to play or buy out, worst case scenario, he falls deeper into debt and has virtually no chance of being able to play/buy out. IMO it was dumb of JM to make the LHE bet with Dwan since if Dwan won, he would've asked for the $ and if he lost, it's doubtful he would've paid. Now Dwan can say "I won a bet with JM and he didn't pay."
If Dwan was capable of playing his own money there's no way he would've completely abandoned playing online. You don't play over a million high stakes hands online then just stop completely unless you're broke.