Poker Finance: Behind the Scenes (A Comment)
I appreciate all the thought by Jed in his article but i don't think any formal agreements are practical, at least for the investor.
I suspect Jed has never backed anyone who has sold 500% of himself and cannot afford to cash in a tournament. As long as enforcement is done by the threat of physical violence or being blackballed in the poker community backing deals are feasible. If a true marketplace existed I believe more chip dumping is bound to occur. This would be worse for poker than the fairly recent mutual fund scandals were to the financial marketplace.
Jimbo
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