Duke & Hellmuth chop Tournament of Champions prize money??? - Page 2

37offsuit · #11 10-19-2004, 04:00 PM

And why does Hellmuth curse up a storm when he loses? This is just idle chatter...a friend of a friend that knows...type crap.

fluff · #12 10-19-2004, 04:01 PM

Actually some other dealer at the Bellagio told me that all 10 of em split the price pool 10 ways and then decided to play a few theatrical hands for TV. I mean, come on, Annie calling all-in with 66 against big bro Howard, and then catching? And then a tearful apology? That was horrible poker. But it was good TV. It was all set-up. Kinda like pro-wrestling.

kendall · #13 10-19-2004, 04:14 PM

Well, I would have to guess that the prize money is not tax free and taxes would have to be paid on the winnings. The tax forms would be filled out in the winners name and that person would have to pay the taxes. Now if I cut a side deal with some other player and I won, I think I would be in for all the taxes on the the total prize and they would have money tax free. A tax accountant could clear this up.

Any2ForU · #14 10-19-2004, 04:40 PM

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Well, I would have to guess that the prize money is not tax free and taxes would have to be paid on the winnings. The tax forms would be filled out in the winners name and that person would have to pay the taxes. Now if I cut a side deal with some other player and I won, I think I would be in for all the taxes on the the total prize and they would have money tax free. A tax accountant could clear this up.

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Wow, excellent reasoning. There must not have been a deal because nobody's bright enough to make a deal using after tax numbers. By the way I'm a CPA. And it's not tough calculating the tax on the prize money when both parties are already in the highest tax bracket.

reubenf · #15 10-19-2004, 04:54 PM

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I don't think anyone wants to call Annie a liar, but IF there was a deal, do you actually think Annie would come right out and say so?

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No. But do you think she would come right out and say there wasn't?

namknils · #16 10-19-2004, 04:55 PM

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It is common knowledge that most high-limit pros confide possible prize-jeopardizing information to dealers at any casino they play in, who, in turn, disseminate said information to random people they deal cards to.

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Well said, I agree. In addition, Annie said that there was no deal. I'll beleive Annie over a random card dealer.

cowpie · #17 10-19-2004, 05:02 PM

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Well said, I agree. In addition, Annie said that there was no deal. I'll beleive Annie over a random card dealer.

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Haven't your mother taught you to never trust a poker player???

Any2ForU · #18 10-19-2004, 05:19 PM

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It is common knowledge that most high-limit pros confide possible prize-jeopardizing information to dealers at any casino they play in, who, in turn, disseminate said information to random people they deal cards to.

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I don't know if you've ever been to the Bellagio, or not, but the same dealers deal to the $3,000/$6,000 game as well as all the other games. So they have the ability to over hear conversations. I'm not saying that's what happened. I'm just not willing to discount something that seems entirely plausible. At the time I didn't care enough to ask the dealer how he came about this information, or whether it was just speculation on his part. It's just that a subsequent discussion with a friend led to this post.

As for this: [ QUOTE ]
most high-limit pros confide possible prize-jeopardizing information to dealers

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Maybe you could tell me how such a deal would jeopardize the prize money. As I previously stated, I don't believe there are any real consequences to prevent such deals. And if there were, I'm not quite sure they would be enforceable in court. The only enforceable action that I could think of would be to prevent the parties from taking part in future events if that were written into the agreements. But again, I haven't seen these agreements, nor do I have any first hand knowledge of this stuff. If Annie Duke said she didn't chop it then that's good enough for me. I am just curious how anyone could be sitting there playing for $2 million with at best a 60% chance of winning (I believe they were close to equal in chips at one point and I don't think either would believe that they are that much better than the other to account for more than a 10% advantage) and not make a deal when they're facing a good possibility that they will walk away empty handed. Does anyone have any solid information on why this wouldn't occur?

GFunk911 · #19 10-19-2004, 05:30 PM

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I am just curious how anyone could be sitting there playing for $2 million with at best a 60% chance of winning (I believe they were close to equal in chips at one point and I don't think either would believe that they are that much better than the other to account for more than a 10% advantage) and not make a deal when they're facing a good possibility that they will walk away empty handed. Does anyone have any solid information on why this wouldn't occur?

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Honor? I'm not saying they wouldn't make a deal, and I have no idea if they did, but they agreed not to make deals. While that clearly doesn't preclude deal-making, the fact that that means nothing is sorta sad

Any2ForU · #20 10-19-2004, 05:59 PM

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Honor? I'm not saying they wouldn't make a deal, and I have no idea if they did, but they agreed not to make deals. While that clearly doesn't preclude deal-making, the fact that that means nothing is sorta sad

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Good point, but I think there's more than a few people that would sell their soul for a million dollars. Let alone their honor, or their word. Not to say that either of these two are among those people. [img]/images/graemlins/tongue.gif[/img]