Quote:
Originally Posted by xander biscuits
but the deal didn't happen as far as the WPT is concerned
if they don't facilitate deals for legal reasons then they also don't acknowledge when they happen
This.
Guess they could try to penalize them for chip dumping or some "bad for the game" rule in their ToS? Pretty hard to show harm in a HU match, because there isn't anyone else with a stake in the donkament at that point, though.
As a cash player, I'd always be eager to "sell" the title. Had that conversation with people I've tossed some $ during the WSOP -- if DNegs or someone wants to buy the title, please feel free to let him pay for it. There are non-linear utility functions involved. This includes chip dumping to Helmuth if he wants to buy a LHE title
The thing is worth way more to him than us.
You guys were talking about this and value of money issues, it comes up all the time in the startup world. Think poker players might be really well equipped to look at EV vs "this is enough money". We worked with a vendor who was in the telecom world, and on a long flight on of their engineers dropped "our company turned down a buyout that would have netted me (north of $50 million) personally. I was in his office literally on my knees begging him to take the deal. His opinion was that the company was worth much more, and it would be stealing from other shareholders to take a bad deal."
This has to happen all the time, with the conflict between F U money and real value, especially when establishing the value of a company is nigh impossible. If Doyle or his partner thought the company was worth half or all of a billion, then $240MM was a terrible deal. Really hard to judge if you're not in the room.
Adam, good luck on your final week. Hope you keep the good diet and habits far after this is over. Don't let the cruise set you back, imo.