Which online superstars have gone busto recently?

[MCS]

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

[/ QUOTE ]

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.