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Author Topic: When prop bets goes wrong. Splashing the pot?  (Read 5138 times)
Tal
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« Reply #15 on: January 12, 2016, 02:12:10 PM »
Favourite comment so far:

Can't decide if this is good for poker or bad for poker

Not sure where to begin with that.
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tikay
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« Reply #16 on: January 12, 2016, 03:29:52 PM »
Quote from: Tal on January 12, 2016, 02:12:10 PM
Favourite comment so far:

Can't decide if this is good for poker or bad for poker

Not sure where to begin with that.

The thread is a goldmine.

I almost feel sorry for Antonio, but make no mistake, this is a "Ratner moment" in his life.
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All details of the 2016 Vegas Staking Adventure can be found via this link - http://bit.ly/1pdQZDY (copyright Anthony James Kendall, 2016).
Evilpengwinz
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« Reply #17 on: January 12, 2016, 05:52:32 PM »
Esfandiari had a high Voluntarily Pissed in Pot %
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Marky147
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« Reply #18 on: January 12, 2016, 06:26:24 PM »
Quote from: Karabiner on January 12, 2016, 11:02:21 AM
Quote from: George2Loose on January 12, 2016, 10:46:20 AM
Bet was 100k

Did being dq'd from the tourney mean that he lost the prop?

Talal Shakerchi said it was for $50k, and that he won the prop bet.
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david3103
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« Reply #19 on: January 12, 2016, 06:39:21 PM »
Won't he lose more than $50k in the aftermath?
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DaveShoelace
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« Reply #20 on: January 12, 2016, 06:55:34 PM »
Everyone will have forgotten about it in a week.
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WotRTheChances
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« Reply #21 on: January 12, 2016, 07:10:03 PM »
I imagine it's not applicable to this case, but if you'd sold a % of this to various backers and then got DQd for this reason, what do you think the protocol is for compensating backers?

Do backers take this kind of risk knowing that he is someone who participates in prop bets regularly and might run into penalties as a result, thus no compensation given (and generally knowing people make mistakes and getting DQd is a risk for any player, albeit a very small one for most)?

Do you refund backers all money invested including any mark-ups? (seems like the most likely and correct thing to do imo)

Do you refund backers the EV of your stack at the point that you got DQd?
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Doobs
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« Reply #22 on: January 12, 2016, 07:10:37 PM »
http://www.pokernews.com/news/2016/01/antonio-esfandiari-to-donate-50000-to-charity-23798.

Cliffs. He knows he did the wrong thing, was in a lot of pain, but that isn't an excuse, sorry, dq was correct decision, $50k goes entirely to charity. 
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Most of the bets placed so far seem more like hopeful punts rather than value spots
Tal
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« Reply #23 on: January 12, 2016, 07:14:46 PM »
Quote from: Doobs on January 12, 2016, 07:10:37 PM
http://www.pokernews.com/news/2016/01/antonio-esfandiari-to-donate-50000-to-charity-23798.

Cliffs. He knows he did the wrong thing, was in a lot of pain, but that isn't an excuse, sorry, dq was correct decision, $50k goes entirely to charity. 

No criminal charges or anything like that?
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Karabiner
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« Reply #24 on: January 13, 2016, 06:50:30 PM »
I like the new slant on VPIP.
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« Reply #25 on: January 13, 2016, 07:00:11 PM »
What % of prop bets get filed? Smiley

When there were vids like LifeOfIvey knocking around, players were all very careful not to discuss amounts.

If you actually had $200k of lunge action and then this happened, but you won your prop, giving the "entire" $50k to charity is about the same as paying tax on a $200k prop, plus you get to be seen as the good guy again.
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dwayne110
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« Reply #26 on: January 13, 2016, 08:40:25 PM »
Not enough credit given for thread title imo
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