Phil Hellmuth - not a gambler

[Alex/Mugaaz]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
This led me to wonder whether I'd be willing to risk 10% of my total liquid assets as a 55/45 favorite. Hard to say for sure when it's just theoretical, but I'm fairly certain that I'd take that bet. Maybe not for more than 30% though...

[/ QUOTE ]



I believe that Doyle Brunson said in SS1 that he'd bet everything he owned on a coin flip if he got 2-1 odds.

[/ QUOTE ]


I think it was 10-1

[/ QUOTE ]

It was.

[/ QUOTE ]
Well hell, anybody would do that.

[/ QUOTE ]

The vast majority of people certainly would not. More than 60% of 2+2 posters also would not.

[meow_meow]

[ QUOTE ]
phil is a gambler, youre wrong about that.

youre also wrong about his reasons for not taking daniels offer. i believe that phil knows daniel is the favorite. he also doesnt play this high for many reasons. i really doubt that phil is worth 5 mill. lets be realistic here.

[/ QUOTE ]

Care to elaborate on "Phil the gambler"?

Also, the discussion on cardplayer went like this:
Phil: " Assuming I'm a 55/45 favorite, I wouldn't play for 500k...", so it really isn't relevant whether he would actually be a favorite or not.

[sekrah]

Somebody might have posted this already.. But Hellmuth said in his book that for a while he was addicted to Craps.

[Artsemis]

Including me.

Its one thing for people to say it, but I highly doubt many of the people that say it would literally put -everything- they own on the line unless the chance of loss was miniscule.

[superleeds]

[ QUOTE ]
Its one thing for people to say it, but I highly doubt many of the people that say it would literally put -everything- they own on the line unless the chance of loss was miniscule.

[/ QUOTE ]

It's easy to say when the chances of being taken up on it are virtually zero

[Sponger15SB]

[ QUOTE ]

Even if I had 30 million dollar bankroll I wouldn't play headsup for 500k.

[/ QUOTE ]




jk

[djoyce003]

that's a rooster not a chicken.

[djoyce003]

[ QUOTE ]
dude

1) taxes
2) 17 years
3) expenses
4) deduct buyins pls
5) he might have been bankrolled for some of the events and only took a portion (?)

[/ QUOTE ]

dude

Interest
appreciation of capital

Assuming he invested at least a portion of it semi-wisely it should double in value theoretically every 7 years. If he was smart about the tech bubble it doubled a lot faster than that. It wouldn't surprise me if he's worth at least 5 mil as well but then again, I don't really care.

[vindikation]

May I remind everyone that Hellmuth won the National Head's Up Championship?

If anyone should consider themselves a favorite to play a head's up Hold Em game it should be Hellmuth.

I really respect his decision not to "gamble".

[Cooker]

A rooster is a chicken. Female chickens are hens. Male chickens are roosters.