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Old 02-18-2018, 08:30 AM   #1
PokercastRoss
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Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

Episode #490 - February 18th, 2018

Live from the Two Plus Two Studios - On this episode of the Pokercast: An interesting controversy arose from WPT Niagara when Mike Leah “chopped” the tournament heads up. We begin with Adam’s weigh in/binging updates and T’s farm plans plus a Bunner story!
In the News: The guys explain why the “chop” between Mike Leah and Ryan Yu at WPT Niagara Falls became such a controversy, and their opinions. Plus other stories including Doyle Brunson tweets that he turned down $230M for Doyle’s room back in 2006!? We also have a spirited discussion about what poker stories we’d love to see in documentary form in 140 or less and more of your wonderful mail. Mailbag this week includes cash vs tournament comparisons and a review of the pokerstars.es shared liquidity games!

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Old 02-18-2018, 08:45 AM   #2
STinLA
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

Good morning.
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Old 02-18-2018, 11:57 AM   #3
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

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Old 02-18-2018, 04:50 PM   #4
ImDaMan
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

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Old 02-18-2018, 04:53 PM   #5
xander biscuits
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

T: I can't think of any situation in which I wouldn't take the $115M

Me inside my head: What if you were forced to make the deal public?
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Old 02-20-2018, 06:37 AM   #6
3for3poker
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

I don’t care if the prize for POTY is a wooden nickel. I would give Mike and his opponent 2d place points for his ‘win’.
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Old 02-20-2018, 09:16 AM   #7
xander biscuits
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

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
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Old 02-20-2018, 02:19 PM   #8
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

Quote:
Originally Posted by xander biscuits View Post
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.
Quote:
Doyle Turned Down $230M?
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.
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Old 02-27-2018, 08:12 PM   #9
gadolparah
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

@Adam for cruise tips, download the mobile passport app. Its the most +EV thing you can do. Saves you an hour getting off the boat.
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Old 02-28-2018, 01:46 PM   #10
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

My #1 cruise tip, don't force yourself to eat every meal on the boat. I get sick of the cruise food by my third or 4th meal. Going out and eating at the stops is part of the fun. So many people (specifically both my parents and inlaws) feel like they have to 'get their money worth' and eat every meal on the ship, so they are cutting their time at the ports short so they can eat all their meals on the boat. Waste of time and crappy food experience eating with all the cruise gluttons.

Buffets on cruise ships are like my least favorite place in the world. I am ashamed to be in the same room as most of the people there.
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Old 02-28-2018, 04:48 PM   #11
AdamSchwartz
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

thanks guys!
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Old 03-05-2018, 01:16 PM   #12
Doozie350
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Re: Pokercast 490 - WPT Niagara Falls Controversy and Doyle Turned Down $230M?

Quote:
Originally Posted by that_pope View Post
Buffets on cruise ships are like my least favorite place in the world. I am ashamed to be in the same room as most of the people there.
This was great
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