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Tom Dwan - the missing man Tom Dwan - the missing man

03-21-2024 , 08:33 PM
Even if Jetten had 0 dollars he would still be 30 million richer than Dwan. One of them is broke but it aint Jetten
Tom Dwan - the missing man Quote
03-21-2024 , 10:40 PM
Quote:
Originally Posted by Cardsanddice
Even if Jetten had 0 dollars he would still be 30 million richer than Dwan. One of them is broke but it aint Jetten
hi Peter
Tom Dwan - the missing man Quote
03-22-2024 , 11:12 PM
hi Peter
Tom Dwan - the missing man Quote
03-23-2024 , 11:43 AM
Hi Tim
Tom Dwan - the missing man Quote
03-23-2024 , 01:42 PM
Hi Apathy
Tom Dwan - the missing man Quote
03-23-2024 , 05:54 PM
Quote:
Originally Posted by onionsareyummy
1. In this thread. Where this conversation is taking place. Have you read it? Also, when you keep putting the word "technically" in quotes, it implies that you are doubting the validity of the word in its surrounding context.
Literally everyone you are arguing against have been saying that technically, Jetten could be right and make an argument for his case. But that hes still a major douche and anyone assessing the situation from the outside sees that its ridiculous to expect to get the 250k after the events that went down.

Onionsareyummy has to be someone who is being staked himself and that is how he is so adamant about arguing that Jetten should be given the 250k even after losing 1.6m of his backers money, based on technicalities. Only explanation.

Here is a situation for you:

1. I expend my own funds in a home game
2. A friend offers to stake me for the rest of the game, friendly deal, he takes on the risk for 50% of profits.
3. Im up 500 dollars and text my friend "hey Im up 500 and I wanna settle ok? but can I keep playing staked tonight, the game is super good!"
4. He says "yea sure"
5. I go on to lose 5k of my friend's money in the same game
6. Later I text my friend "Hey bro you owe me 250, where is my money?"

Whos the douchebag in this situation? If you answer the backer, lol. Only someone who lacks both common sense and empathy can think that the 250 should be paid under circumstances like this, even though its possible to argue that "ackshually, he technically owes 250". Especially when the deal is made between friends, no contracts or anything.

Last edited by Kebabkungen; 03-23-2024 at 06:19 PM.
Tom Dwan - the missing man Quote
03-24-2024 , 02:52 AM
Facts.
Tom Dwan - the missing man Quote
03-24-2024 , 12:07 PM
Quote:
Originally Posted by Kebabkungen
Literally everyone you are arguing against have been saying that technically, Jetten could be right and make an argument for his case. But that hes still a major douche and anyone assessing the situation from the outside sees that its ridiculous to expect to get the 250k after the events that went down.

Onionsareyummy has to be someone who is being staked himself and that is how he is so adamant about arguing that Jetten should be given the 250k even after losing 1.6m of his backers money, based on technicalities. Only explanation.

Here is a situation for you:

1. I expend my own funds in a home game
2. A friend offers to stake me for the rest of the game, friendly deal, he takes on the risk for 50% of profits.
3. Im up 500 dollars and text my friend "hey Im up 500 and I wanna settle ok? but can I keep playing staked tonight, the game is super good!"
4. He says "yea sure"
5. I go on to lose 5k of my friend's money in the same game
6. Later I text my friend "Hey bro you owe me 250, where is my money?"

Whos the douchebag in this situation? If you answer the backer, lol. Only someone who lacks both common sense and empathy can think that the 250 should be paid under circumstances like this, even though its possible to argue that "ackshually, he technically owes 250". Especially when the deal is made between friends, no contracts or anything.
Based on logic you mean.

It's interesting that you bring up both common sense and empathy, given that your message seems to lack the former and applies the latter selectively. You think that a $250,000 debt just gets written off out of goodwill? On top of that, your analogy is nonsensical because it suggests you either think Jetten pulled the settlement figure out of thin air or you're clueless about how staking deals work.

To fix your analogy, consider either of these:
- You put up the money to play in the game. The amount you lose is more than the amount you put up. Your backer refuses to pay you back the buy-in.
- Your friend agreed to back you and settle at every $500. You finish your session and are up $500. He says he'll pay you the $250 later. Before he pays you, you lose 3k. He terminates your deal and says he doesn't owe you anything anymore.
Tom Dwan - the missing man Quote
03-24-2024 , 12:26 PM
As has been stated numerous times, there is nothing wrong with the argument technically, "ACKSHUALLY" when you put it like you do. Without a contract though (the only way you would ever be able to recoup any money under such bs circumstances) as well as written proof that Tom agreed to settle at the 500k+ mark, he has 0 real world claim to any money. Where is this proof? Shouldnt be hard to produce if it exists. Anyone who pulls this kind of bs in a non contractual staking deal amongst friends is a massive douchebag.

The kind of warped reality you live in to expect to get 250k under these circumstances is baffling.
Tom Dwan - the missing man Quote
03-24-2024 , 01:03 PM
Moral of the story kids. Don’t settle without actually settleing.
Tom Dwan - the missing man Quote
03-24-2024 , 01:42 PM
It seems that Tom and Peter had multiple dealings wih each other. Some of them may include:
1. Tom staking Peter and Peter cashing when he is in profit.
2. Tom staking Peter and ending up in makeup for 1.6 million.
3. Tom staking Peter and Ike fronting the money for those buy ins (Could be while 1. or/and 2. or a seperate occasion).
4. Tom bought pieces of Peter in tournaments. (And didn't paid)

Don't know what happened in what order.
But it looks like Tom was purposely not clear and trying to mix everything to confuse people in these interviews. I wonder why he would do that?

Is it standard practises for horses to pay a % of their makeup at the end of their staking arrangement? If not then Tom has no argument for not paying for situation 4.
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03-24-2024 , 01:58 PM
Quote:
Originally Posted by PabloMoses
Privateworld was Abe Mosseri's wife, can't be bothered to check if the discussion about this is still available on here, but it was 100% confirmed, came out at the time of Elezra's book iirc
Confirmed by who? And how? I don't emember it that way
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03-24-2024 , 01:58 PM
Quote:
Originally Posted by onionsareyummy
no, its not what Jetten did. What you wrote makes no sense like I said in my last post, but the fact that you just completely ignored it seems to imply that you have a reading comprehension problem.

to explain it to you again, jetten won ~500k. they SETTLED. since you seem to have a hard time understanding what it means to SETTLE, it means that the profit is taken among the relevant parties, Tom takes 250k, Jetten takes 250k, and all balances are reset to zero. After that, Jetten lost 1.6million. Since Tom is the backer here, it is his sole responsibility. Thats what it means to be a backer.
Quote:
Originally Posted by onionsareyummy
1. Numerous people are arguing exactly that.
2. They did settle. Where do you think the figure Jetten is referencing comes from?
3. It would certainly not be standard for Jetten to owe Tom any money for makeup if Tom decides to no longer stake Jetten.
I've read some of Jetten's tweet and he said that the 250k Tom owed wasn't from cashout.
Tom Dwan - the missing man Quote
03-24-2024 , 01:59 PM
Quote:
Originally Posted by borg23
Um I said what you said except I said 450k and you said 500k. I could be wrong on that exact amount. But otherwise we're saying the same thing.

Tom was supposed to pay him 225 (or 250k) and still hadn't when Jetten lost 1.6m.

It's a joke to ask your friend for 250k when you lose 1.6 million of his even if you're technically legally right.
No it's not. Just settle for the make up the way you're supposed to. Owing 1.6 million is not the same as being 1.6 million in makeup.
Tom Dwan - the missing man Quote
03-24-2024 , 02:01 PM
Imagine how much money Tom would be able to pay back if he stopped flying private and eating thousand dollar dinners
Tom Dwan - the missing man Quote
03-24-2024 , 03:15 PM
Imagine if you were not a scumbag who blew 1.5 mega of your mates whaling it up and then tried to scam 250k back publicly so you could pay your mortgage.
Tom Dwan - the missing man Quote
03-24-2024 , 03:24 PM
Quote:
Originally Posted by fish_but_lucky
No it's not. Just settle for the make up the way you're supposed to. Owing 1.6 million is not the same as being 1.6 million in makeup.
I didn't say it was.
I never said Jetten owes Dwan any money.
Tom Dwan - the missing man Quote
03-24-2024 , 04:19 PM
I feel like I might be able to understand this Dwan-Jetten thing if we could just get a few more analogies.
Tom Dwan - the missing man Quote
03-24-2024 , 06:04 PM
I think dwan owes the buy ins bc that was the deal they had. Dwan would snap pay provided receipts which is what he said.

It also wouldn’t make sense for jetten to put up half the buy ins and have it go towards make up. That’s just not a thing. If it was part of makeup then dwan would have put up the entire amount which was not the case.

The make up then should be decided by all parties involved.

Most likely there’s no point to continue investing in jetten so the make up is worth $0. The fact jetten is out of poker means the make up could actually be negative in value bc if he tries to play there’s a good chance he would lose more especially not being able to get any profit. He’d basically be a slave to the deal.

Let this be a lesson to all to not invest in your friends and if you do invest in friends or anyone for that matter make sure you make the terms as clear cut as possible.

With all that said if I were jetten and I lost all this money I’d probably be trying to get dwan to just absolve the number on his side and call it a wash, the only problem is the other backer basically gets screwed if that happens.
Tom Dwan - the missing man Quote
03-24-2024 , 09:44 PM
Quote:
Originally Posted by madmansam
I feel like I might be able to understand this Dwan-Jetten thing if we could just get a few more analogies.
+1
Tom Dwan - the missing man Quote
03-24-2024 , 11:07 PM
Quote:
Originally Posted by madmansam
I feel like I might be able to understand this Dwan-Jetten thing if we could just get a few more analogies.
It's a traffic ... jam, when you're already late.

A no ... smoooooooking sign on your cigarette break.
Tom Dwan - the missing man Quote
03-25-2024 , 03:11 AM
Quote:
Originally Posted by nootaboos
Imagine if you were not a scumbag who blew 1.5 mega of your mates whaling it up and then tried to scam 250k back publicly so you could pay your mortgage.
gotta be a good chance Jetten is running low on cash, otherwise why start pressing the issue so hard after 4 years?


Feel like most really well-off people would be glad to let this go and call it a wash after losing 1.6M of toms money
Tom Dwan - the missing man Quote
03-25-2024 , 06:26 AM
Quote:
Originally Posted by borg23
the reason is simply incompetence and these places not actually knowing how to book. there are a few real sportsbooks left in vegas and they do really well bc they know how to actually use information and how to set lines.

it's not me merely disliking it- it's bad business for them. I get limiting people to dust on obscure markets you can really beat for a lot even though I don't like it. Player props, some obscure football conference , wnba sure have at it.
But when you limit people to dust on something so mainstream like nba and nfl moneyline you just don't know what the hell you're doing. If you can't take 10k from a known pro winner on an NFL spread bet for example who has maybe a 3-4 percent edge on the bet and use that info to adjust your lines you should be embarrassed.

There's are several reasons most of these legal sportsbooks that have popped up since 2018 will never make a dollar and why many have already closed up shop.They simply don't know what the hell they're doing. A big reason is Limiting people after 10 or 20 bets which means you end up kicking out tons of long term losers b/c they got lucky over a meaningless sample size or not being able to properly use info they're given for next to no money relatively speaking.
The idea is that basically it is easier and better for the business to ban/limit everybody who wins then to have a proper risk department, to actually have good traders and all that. Believe it or not to run a good sportsbook can be incredibly costly.

I have been working in gambling for quit a while now and excluded many advantage players from campaigns i came up with. I remember spending a lot of time and effort on making my campaigns unbeatable just for my boss to tell me mate i dont give a **** if this is exploitable our benchmark is not exploitability but other operators. To be able to compete with what they offer we need to have beatable promos and lines. We just exclude everybody who abuses them.

Some people get caught in the cross fire but nobody really cares. It is a bit weird though as i know of huge punters that have been limited or banned for going on a run in some casinos while when i look at their betting patterns they obviously are a fish on a heater.

Quote:
Originally Posted by RosaParks1
Books should not be able to ban winning players. This is not debatable. Side with the books if you want to cosplay as a villain for the purpose of being able to say "I'm smart and losers aren't" or the ever-so apathetic "it is what it is" that morons say as if they have no control over the world around them. What is the purpose of the business if it does not offer the service it offers. This means it ONLY wins, and this $ disappears forever from the communities it is removed from.

Let me open a business in your town that provides a service of zero value, refuses to give back any money, and only coughs back tax revenue into the community and see how you feel about it. There is no upside to books existing at all if they operate like that, and they are akin to the fentanyl dealer you reference. Everyone is sold tax revenue as a reason for legal sportsbetting but it's literally setting fire to 60% of the $ that was ALREADY in those states to get back 40%.

We already saw rises in rake in most private games/clubs/sites/casinos make it so that there are no net winners at poker in some games. Are you okay with this also? Try to focus less on defending a provable point and consider it from a world-building standpoint. Do you want the idiot neighor across the street from you to have $1,000 in the bank and be comfortable or do you want them to broke and angry. Giving a damn about other people is not a nanny state. Your worldview is small, and needs to grow.

I am not even anti-bookmaking, it just needs to be reigned in. You can cap betsizing across the board, fine. You can charge juice if it's capped at an industry standard -110. You can run predatory promos and bonuses and operate the same way, but if you refuse to lose, you cannot continue.

Banning winning blackjack players is also preposterous. Think of the message. They present a difficult challenge, and people develop skill and overcome it. This is literally how society advances, and casinos/books are like "nah, just suffer pls". Investing your time in promoting stagnation is a fool's errand; don't defend it.
Thats obviously nonsense. If a book cant limit or exclude winning players the business becomes inherently unsustainable. A single guy could bring down all books.
Odds would have to become super secure and unbeatable. I dont think anybody wants that.

Quote:
Originally Posted by VincentVega
Yea stop it with the casinos being allowed to only win. Most ridiculous thought process ever. The law is irrelevant here as everyone is just stating their opinion on the matter.

There will never be close to enough sharps to have a big enough edge over the books to make a serious dent financially relative to the fish. Hell, it could be good advertising for them to show "hey, you can win money too (suckers)" .
That is also absolute nonsense. You have no idea how much a good well organised betting cartel can do in damages in a very short amount of time.

Books can be and have been broken.

Now if a casino/ book can not limit or ban players anymore it would take weeks for all and every book to be bankrupt or closed.
Tom Dwan - the missing man Quote
03-25-2024 , 06:39 AM
Quote:
Originally Posted by donjonnie
The idea is that basically it is easier and better for the business to ban/limit everybody who wins then to have a proper risk department, to actually have good traders and all that. Believe it or not to run a good sportsbook can be incredibly costly.

I have been working in gambling for quit a while now and excluded many advantage players from campaigns i came up with. I remember spending a lot of time and effort on making my campaigns unbeatable just for my boss to tell me mate i dont give a **** if this is exploitable our benchmark is not exploitability but other operators. To be able to compete with what they offer we need to have beatable promos and lines. We just exclude everybody who abuses them.

Some people get caught in the cross fire but nobody really cares. It is a bit weird though as i know of huge punters that have been limited or banned for going on a run in some casinos while when i look at their betting patterns they obviously are a fish on a heater.



Thats obviously nonsense. If a book cant limit or exclude winning players the business becomes inherently unsustainable. A single guy could bring down all books.
Odds would have to become super secure and unbeatable. I dont think anybody wants that.



That is also absolute nonsense. You have no idea how much a good well organised betting cartel can do in damages in a very short amount of time.

Books can be and have been broken.

Now if a casino/ book can not limit or ban players anymore it would take weeks for all and every book to be bankrupt or closed.
You honestly believe that casinos/bookmakers etc should be allowed to only target losing players? With the main way of doing this is to trick and convince them that they can win?
Seems a bit, i dunno, wrong?
Tom Dwan - the missing man Quote
03-25-2024 , 07:04 AM
Quote:
Originally Posted by RosaParks1
It's a traffic ... jam, when you're already late.

A no ... smoooooooking sign on your cigarette break.

That's a little too ironic, don't ya think?
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