Chris Moneymaker is not a fish

[SaintAces]

discuss.


I personally can't stand the heat he takes and I think he is a fully capable player. any other opinoins?

[Robk]

I played with him in stars 2/4 NL (back before 3/6 was spread), although only for a few hours. I thought he was about the third or fourth best player at the table but it was a pretty tough lineup.

[Ulysses]

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discuss.
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I personally can't stand the heat he takes and I think he is a fully capable player. any other opinoins?

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Well, after talking w/ JA Sucker last night, all I'll say is that Chris might have some work to do on his 20-200 spread limit game.

On a more general level, I've said this before: I don't think anyone is likely to win the WSOP w/ that size field without a fair amount of luck. I also don't think anyone is likely to win the WSOP w/ that size field without a fair amount of skill.

[kingstalker]

After he got knocked out of last Sundays 500+30 he played a 300+20 SNG, gank was one of his opponets, he won it playing very solid poker.

[jayadd]

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Well, after talking w/ JA Sucker last night, all I'll say is that Chris might have some work to do on his 20-200 spread limit game.

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are you kidding me Why on earth would he need work. Anyone of us with an IQ over 30 (Varkoni misses the cut at 28) would enjoy the ability to make what ever mistakes he posibly can. The guy is set for life. He is probably the first WSOP champion or any major tourney winner of 1 million or more who was able to say " this was fun but not what i want to do for a living."
Some people are so fast to become critics when someone succeeds. No one has mentioned Varkoni and his idiotic comments he made that the camera caught. (as you can tell i have issues with varkoni but thats for another time)

[Ulysses]

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Well, after talking w/ JA Sucker last night, all I'll say is that Chris might have some work to do on his 20-200 spread limit game.

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are you kidding me Why on earth would he need work. Anyone of us with an IQ over 30 (Varkoni misses the cut at 28) would enjoy the ability to make what ever mistakes he posibly can. The guy is set for life. He is probably the first WSOP champion or any major tourney winner of 1 million or more who was able to say " this was fun but not what i want to do for a living."
Some people are so fast to become critics when someone succeeds. No one has mentioned Varkoni and his idiotic comments he made that the camera caught. (as you can tell i have issues with varkoni but thats for another time)

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Huh? What is your point? The guy obviously is interested in playing poker. Why wouldn't he need work on games that he's not terribly good at?

If I recall, the WSOP he won was worth 2M or so. He sold how much of his action, 20%, maybe more? Let's say 20%, that leaves him w/ 1.6M. After taxes that's about 800k. That's a nice chunk of money, but that's just about enough to buy a not terribly nice home around where I live. Of course, that money goes a lot farther in Tennessee, but buy a house, pay some bills, etc. and it would be pretty easy to lose the rest in big poker games. So, yes, if he's going to play high limit poker (and I'm not talking about a little 20-200 spread game), he definitely should work on his game where it needs work.

[M.B.E.]

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If I recall, the WSOP he won was worth 2M or so. He sold how much of his action, 20%, maybe more? Let's say 20%, that leaves him w/ 1.6M. After taxes that's about 800k.

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That can't be right; even if the top marginal rate is 50%, surely it doesn't kick in until at least 400K. I always thought that in Canada the tax rate was much higher than in the U.S., but here the top marginal rate (federal and provincial combined) is less than 50%.

Also keep in mind that Nevada (where he earned the money) has no state income tax. I don't know if Moneymaker would have to pay Tennessee state income tax on his win, but I doubt it.

Also I think his gross prize was closer to $2.5M than $2M.

So I don't really know, but I suspect that after taxes he'd be left with considerably more than 800K.

[Greg (FossilMan)]

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Also keep in mind that Nevada (where he earned the money) has no state income tax. I don't know if Moneymaker would have to pay Tennessee state income tax on his win, but I doubt it.

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He will owe Tenn tax. Income tax in the U.S. is based upon your state of residence, AND the state where the money is earned. If Nevada did tax him, he could deduct that amount from what he pays to Tenn, but if Tenn charges more (which it does in this case), he will owe tax to Tenn as well.



[/ QUOTE ]Also I think his gross prize was closer to $2.5M than $2M.

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From what I recall, it was exactly $2.5M. Also, what I heard is he sold 40% of himself for $4000 before he left Tenn. Half to his Dad and half to a friend. If true, he kept $1.5M, and probably paid about 36-40% of that in income tax (I have no idea how high taxes go in Tenn). He probably kept roughly $900K after taxes.

That's enough to make me happy.

Later, Greg Raymer (FossilMan)

[mike l.]

"After taxes that's about 800k. That's a nice chunk of money, but that's just about enough to buy a not terribly nice home around where I live."

i agree. from what i understand it's about how much you keep in your party poker account any given week.

[Ulysses]

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"After taxes that's about 800k. That's a nice chunk of money, but that's just about enough to buy a not terribly nice home around where I live."
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i agree. from what i understand it's about how much you keep in your party poker account any given week.


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It's about 801k after you paid off my AK like a slot machine last night. [img]/images/graemlins/grin.gif[/img]