Jen Harmon's comment on PAD

[Daddy Warbucks]

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When did Barry G say he had $ problems ?

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He's made reference to it a couple of times, including when he was guest commentator on LATB months ago he said he'd been on a downswing(but nowhere near the 10 million figure quoted) and on his Circuit interview he said a lot of the older regulars in the Big Game were having problems because they were playing too many of the new school players at the newer generations games.

[Tornado69]

Hmm interesting, any link to that even if it's just the audio ?

[RBPD5015]

I think you guys are giving a bit to much credit to these pro's. Yes they are good, but they are struggling. I really don't believe they have as much liquid cash as some of you think.

[ispiked]

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Yes they are good, but they are struggling. I really don't believe they have as much liquid cash as some of you think.

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I have read The Professor, the Banker and the Suicide King (Michael Craig's book on on the story of Andy Beal and the Corporation) and I would beg to differ. These pros. sit down in the Big Game and on HSP with 100k (the prize for PAD is 120k). Any sane person (and you don't become a poker pro. without having some wits) doesn't sit down to a game that big without having at least 20x that for their bankroll. So winning PAD is probably the equivalence of making a buy-in for those pros -- not a big deal.

Also, I really doubt that these pros' bankrolls make up their entire net worth. They have investments, houses, etc. in addition to the money they use to play poker with. I think you'd be hard pressed to say that they're "struggling".

[badatmath]

So they play the big game with 12.5 big blinds?

[Chimera]

I think the concept of "struggling" is relative. I'm sure many of these guys aren't doing as well as they were a couple of years ago, when the poker boom was in full swing. On the other hand, I seriously doubt that they're having trouble putting food on the table.

[Mr. Orange]

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So they play the big game with 12.5 big blinds?

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the big game is 2k/4k, (sometimes 4k/8k) so buying in 100K would be 25BB which is fairly standard. When they play 4k/8k I'm sure they adjust accordingly.

[Eponymous]

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Yes they are good, but they are struggling. I really don't believe they have as much liquid cash as some of you think.

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I have read The Professor, the Banker and the Suicide King (Michael Craig's book on on the story of Andy Beal and the Corporation) and I would beg to differ. These pros. sit down in the Big Game and on HSP with 100k (the prize for PAD is 120k). Any sane person (and you don't become a poker pro. without having some wits) doesn't sit down to a game that big without having at least 20x that for their bankroll. So winning PAD is probably the equivalence of making a buy-in for those pros -- not a big deal.

Also, I really doubt that these pros' bankrolls make up their entire net worth. They have investments, houses, etc. in addition to the money they use to play poker with. I think you'd be hard pressed to say that they're "struggling".

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I read the same book, and what I thought he was saying is that although they might have millions of dollars in personal assets, since that money is out of poker, it doesn't go back. Their poker bankroll can get seriously hurt by a swing of several hundred K or so, so they could be struggling. They would borrow from each other's bankrolls when they're busto before they would go dipping into personal assets (according to Michael Craig). That's why the matches with Beal were so stressful -- he almost put a hurting on all of their bankrolls, even though they wouldn't be personally bankrupt.

[Daddy Warbucks]

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Hmm interesting, any link to that even if it's just the audio ?

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Well i can't provide a link to the LATB clip, but the circuit clip should be on their website.