Which online superstars have gone busto recently?

[Schneids]

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ANYONE WHO HAS GOOD STORIES ABOUT HIGH-PROFILE PLAYERS WHO ARE BUSTO, BROKE, DESPERATE, ETC., PLEASE POST THEM HERE!

The more degenerate-sounding the anecdote, the better.

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Do they have to be true stories? Can I talk about who's friends with who, who hates who, who sleeps with who, etc?

[voltron.]

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Do they have to be true stories?

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No.

[Ed Miller]

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If the Grinder has a positive expectation in tournaments how could his backer(s) have a negative expectation on the deal?

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Say horse plays ten-handed, no-vig, winner-take-all single table tournaments. If horse wins, he keeps 30% of the win. If horse loses, backer eats the whole entry.

Horse is a good player, so he wins 1/8th of the time. Thus, after eight plays:

Seven times he busts out, so backer is minus 7 entries. Horse is minus nothing.

One time he wins, so backer wins 70% of 9 entries or 6.3 entries. Horse wins 30% of 9 entries or 2.7 entries.

After 8 tournaments, horse is up 2.7 entries, but backer is stuck 0.7 entries.

For backer to come out ahead, one of the following needs to happen:

1. Horse needs to play better.
2. Horse's percentage needs to drop. 15% would work in this scenario.
3. Horse needs to be paid a fixed amount per tournament, and backer gets 100% of win.
4. Horse and backer need to contract to extend their relationship over a large number of tournaments, after which horse will get some percentage of the total net, not the total gross. The longer the relationship, the higher that percentage can be for the horse and still remain profitable for the backer.

[James282]

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Well not an online superstar nor a young gun. But it appears that maybe Grizzle is down & out for a bit. Last seen being put into a 300-600 game and went bust. Known for tilting off tremendous amounts. Especially when drinking. Have seen him within the last 6 months as low as 8-16 but not seen hide nor hair in 60 days or so.

Just means it can happen to anyone. Maybe a course in "tiltless" from TA is in order.

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I was playing at Borgata during the WPT and a 2+2er came over to say hi. I asked him what he was playing and he said, "200/400. Sam Grizzle is playing. He's terrible." That was about 6 weeks ago.

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That could have been me, I was in that game, and he really plays terrible. If he thinks he has 6 outs he gets to the river pretty much regardless of the size of the pot. A few months earlier I saw him begging for money to get into a 100 dollar satelite in Vegas. I played too cause I thought it would be fun to play with him, and he played sorta expertly and busted out 5th or so. Talk about a guy who hates life.

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Hey Steve, I think Dave might have been talking about me since you ran off like a little bitch to go out to strip clubs with Femming. I met Sam for the first time on that trip also. I go to sit 150-300 and say hi to my friend Peter who is in the game. I ask him how the game is, he nods. The game is good. So I sit, and own some old guy who is drinking and talking to someone who looks like a Texas millionaire. The guy sitting with him says, "howsabout I put you in that No Limit game instead?" The old man nods and they leave.

I say to the table, now filled with regulars, "Man that guy was absolutely horrible, I'm going to take a break until the game gets good again."

"Do you know who that was James??"
"The worst player to sit 150 or higher in months."
"Yeah, that was Sam Grizzle."

I wake up at some point the next day and go downstairs to see my friend Steve Guifre playing 200-400. I greet him and ask him how Sam is playing. He confirms that it's a good game.
-James

[Mempho]

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I have nice info about most of scandinavian players, if anyone is really curious U can PM me! State online nick or
real name

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I believe Mattias Andersson went broke.

[ActionBob]

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Is that the one that step 1 is "Play every hand blind"?

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Of course you play every hand blind. If you look you might do something stupid like fold and that screws up the entire scientifically tested progression of your bet sizes thus nullifying the whole system.

-ActionBob

[MCS]

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If the Grinder has a positive expectation in tournaments how could his backer(s) have a negative expectation on the deal?

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Because they have 100% of the result if he loses money, but only 60% if he wins. From the backer's perspective, the tournament payouts have just shrunk by a lot, and Grinder is likely -EV in this "new" tournament.

EDIT: And somehow I missed Ed's initial, more numerically detailed reply.

[BluffTHIS!]

"I'm a very fast running horse on the craps table Mr. Miller. Would you like to back me? I'll let you set the percentage so that you come out ahead. And believe you me, this is a great time for you to do it cause I'm really really due."

[LozColbert]

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Oh sorry. I heard Ed Miller is playing $3-$6 on Party. And I heard he doesn't even have the roll for that, so he sold 50% to his wife. I think the arrangement is very lucrative for both sides, though, so don't worry.

[/ QUOTE ] The way he spews chips? I doubt it's lucrative.

[Barry]

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"Do you know who that was James??"
"The worst player to sit 150 or higher in months."
"Yeah, that was Sam Grizzle."

I wake up at some point the next day and go downstairs to see my friend Steve Guifre playing 200-400. I greet him and ask him how Sam is playing. He confirms that it's a good game.


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A while back, Clarkmeister and I sit in a 6 handed 60/120 game at the Bellagio. After the game broke, I was talking to him about my impressions of the fishy player to my right. He tells me that it was Sam Grizzle.