Sklansky Quote=High Rollers

[leatherass]

This is about the most true statement ever made about high stakes players IMO. Kudos David Sklansky.

[Kathy]

I believe it was Mike Caro who said, the number one reason good poker players go broke is "playing too high for their bankroll".

Makes sense: egos are too big!

Kathy

[sheetsworld]

Daniel, if you are reading these baords, and are indeed busto, I may be able to arrange for some kind of "staking" deal, whereupon you would play the saily $109 rebuys and $162nls on Pokerstars until you get back on your feet..Also there is a chance you might earn your way into some of the more prestigious and lucrative luve tourneys.

Please email me at [email protected].

sheets

[Kathy]

BRUNSON: Once you lose your reputation in this business, that's it. It's over. When I was coming up through the ranks, not that many people carried a lot money of money on them. This was before checks and credit cards. Sometimes, all you had was your word. So, we gambled with each other based on trust. Now, in the upper echelon of gambling and poker, we deal in such big figures that you can't actually talk to people anymore about this, because they all think you're lying. No one believes the big figures we exchange, and the trust we have amongst ourselves. For instance, last month we were playing in a big poker game and -- I'm not going to use the guy's name -- he loaned this other guy in the game a million dollars. Finally, the game broke up and he turned and said to me, "Hey, I loaned that guy a million bucks -- and I don't even know his last name!" I told him, as far as I know, he's never done a thing wrong about money. So, you gotta' give him credit. But, he didn't even know the guy's last name! And, we all laughed about it. Of course, the guy made good on the loan. That's what I'm talking about -- that real gamblers can be trusted when they give their word.

Here is a quote from a Doyle interview - for all those with "stardust" in their eyes.

KATHY

[Peter McDermott]

[ QUOTE ]
Finally, the game broke up and he turned and said to me, "Hey, I loaned that guy a million bucks -- and I don't even know his last name!"

[/ QUOTE ]

Brandi, are you reading this?

I'd get back on the phone to Doyle, right this minute and see if he can't hook you up.

[DLizzle]

[ QUOTE ]
Daniel, if you are reading these baords, and are indeed busto, I may be able to arrange for some kind of "staking" deal, whereupon you would play the saily $109 rebuys and $162nls on Pokerstars until you get back on your feet..Also there is a chance you might earn your way into some of the more prestigious and lucrative luve tourneys.

Please email me at [email protected].

sheets

[/ QUOTE ]

gold

[Kathy]

The original purpose of this thread:

Quote:
--------------------------------------------------------------------------------

Most of the super high stakes players will eventually go broke, especially if endorsement opportunities fall off.
The reasons are:

1. They overestimate their win rate. They don't realize how much Andy Beal and a few others contribute to it and they don't realize how tiny or non existent it is when they are playing in games without someone like that.

2. They don't know how to calculate required bankroll for a given set of win rates and standard deviations. For the games they play in they need ten million easy.

3. They can't drop down. The idea of playing all day to win $20,000 is almost impossible for them to deal with. And when they are forced to drop down they play too loose against the very tough competitors that they falsely think they can easily outplay. I have personally seen this downward spiral many times.

But there are exceptions and Daniel may be one of them.

What is difficult to understand?

David is correct!

KATHY

[DesertCat]

[ QUOTE ]
David doesn't know what he's talking about. He can't play at that level so he makes up some excuse about how he doesn't play that level because it's mathematically incorrect. What a joke. He has no business commenting on this sort of stuff anyway.

[/ QUOTE ]

And you do? Your entire rebuttal is that David "doesn't know what he's talking about"? Sounds like the argument of an arrogant player headed for Busto City. Why don't you provide a rational reasoning to rebut David's argument.

[Kathy]

Check Doyles statement in another thread and look what David wrote.

Think children - Think!

KATHY

[Ribsauce]

wtf is your point?