The WSOP does not endorse tournament deals on a liability issue (WTF)

[Clayton]

Felt this issue needed to at least be brought up for discussion, as I had no idea myself of this until my friend Taylor Douglas (aka 2+2 poster tdomeski) made the $1500 final table this Monday.

When dealmaking is ever considered, the WSOP reps and tournament managers insist on the dealmaking occuring privately, and between the players with the WSOP offering no assistance towards chopping of prizepools.

Basically, when you cash out in a tournament they give you a slip for the payout dependant upon your finish, you go up to the cashier place, hand your slip, and give your money. If a deal has to be made at the WSOP, the players have to rely on the trust of the others afterward to actually make the deal. They have to trust people they have never met before in their lives to give a portion of their rigid (actual) winnings like a chop never happened, and put the money in their hands. Seems to be asking a lot, no?

In Taylor's case, 2 of the remaining 3 opponents planned on immediately getting a check and flying back home. As such, Taylor couldn't really finish a deal that would have potentially gotten him MORE THAN FIRST if he won. The deal was suggested by the Brazilian, everyone agreed to it, but because the WSOP could not chop the prizepool up and be flexible, a deal could not be made on the basis of Taylor having to put his trust in one of these three guys to ship hundreds of thousands, without the liability of the WSOP, if taylor did not win. Two wanted checks and had no plans of ever sending money as it would be too much of a bitch to pull off on their own time (which is obviously reasonable)

But the fact that Taylor lost around $100,000 sklansky dollars thanks to the WSOP is not the point. What the point is, is that for some reason on a liability issue the WSOP doesn't want to deal with players making deals, on account of the fact that if someone gets screwed and the WSOP is associated with it, they could sue the WSOP and get 2x the amount they would have gotten in the deal.

As such, every well known and operated tournament can safely deal (at least, I get that impression) except the WPT and the WSOP.

This has me kinda baffled, because wouldn't it make even a little bit of sense for the WSOP officials to just chop up the prizepool and dictate as much on the slips so payouts dont have to be so rigidly distributed upon finish?

Anyways, I'm kinda hoping someone can explain something I may not know, as I don't claim to be knowledgeable on the subject but with the current state of affairs revoling around the WSOP on this issue (one of infinite issues this summer) being completely retarded just asks the question to be posed: Why can't the WSOP chop up prizepools and just alter slips at the cashier and not force players to trust people they've never met?

The WSOP should be there to broker and endorse dealmaking and accurately distribute chop amounts dependant upon the deal at hand, as opposed to just throwing up their hands in the air and saying "YOU GUYS TRUST ONE ANOTHER IF YOU WANT MAKE A DEAL"

Seems really retarded, and I hope to get a response from WSOP or some form of explanation, prob wont get one tho...

[Equal]

Seems fine on the WSOP's part.

[Clayton]

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Seems fine on the WSOP's part.

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please explain why it seems fine. what is stopping them from divvying up the remaining prizepool and writing it on the slips, thus giving their "chop" amount to the cashier?

dont get it.

[Equal]

Why should it be their responsibility? They set up the tourney with their rules, the players are attempting to modify it. Name one other major sport or competition that the ruling body allows the players to modify the rules during the competition and the governing body allows it.

[PITTM]

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Why should it be their responsibility?

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because people pay a fuckton of money to them for them to organize the event. I think by now we have decided that this is part of organizing the event.

[PokeReader]

This is not correct, be aware if you are swapping percentages, or making a deal the tax situation is significantly more complicated. For a professional your tax accountant can correct the situation at the end of the year, but for an amateur, they will have to eat the additional taxes. The following link explains in detail, and the proceedure you will need to go through, certifing your attempt to have the casino accept the 5754, and their refusal. This will be a hassel for pros, but could really cost amateurs alot, especially if one wins the series, but has a split. They will have a nearly impossible time offloading the tax burden of the other 50%. Thank you again Harrah's. By the way, the FBAR deadline was yesterday, hope everyone filed. If not see posts in legislation.

http://www.taxabletalk.com/archives/...07_05_19.shtml

[Silent A]

How hard would it be for them (WSOP) to hire some lawyers to draw up some basic forms to cover their asses, leaving the players to simple enter the agreed new payouts and sign?

[fatshaft]

Deals are players responsibility in all UK casinos too, I dont see the problem, they've said they are flying out immediately, why cant these same players take cash and divvy up?

Can't see anything wrong with WSOP stance here.

[Silent A]

Obviously, WSOP is well within their rights. But this can be so significant for so many players that it borders on cruel in my eyes, and their reasoning sounds lame.

[Willy]

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How hard would it be for them (WSOP) to hire some lawyers to draw up some basic forms to cover their asses, leaving the players to simple enter the agreed new payouts and sign?

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What's in it for them?