Hellmuth loses $536k in one night of Chinese to Ivey

[Groty]

I remember Phil said in an interview a year or two ago that his goal was to have a $100 million net worth. He went on to say tht with all his business ventures (DVDs, books, speaking engagements, Full-Tilt, etc) he considered it easily attainable.

[LeadingMan]

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Phil still has a mortgage to pay off. If he is worth millions, why hasn't he paid it off earlier? Do rich people have mortgages? lol, i, apparently have no idea about real estate, so feel free to laugh.

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NOT lol. Why he would have a mortgage on his house when he says he has $20 million is beyond me.

And as far as rich people having a mortgage for the tax deduction? This is false. Paying huge amounts of interest is not smart; the deduction you receive is just a discount, or a rebate.

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Its not just for the tax deduction. You invest the money you would have used to pay off your mortgage. Even with conservative investments, its a better return on your money.

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like playing cash games with Phil Ivey?

[misfitscollector]

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if he is an owner of UB im sure he has quite a lot of money. but he hasnt said he has 20 million. he has said that he has made 20 million playing poker.

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Has he said how much he's lost?

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i suppose losses are counted into that..

[DeMaci]

The extra points are called royalties and different players sometmies assign different values to them, full houses in the middle and quads, straight flushs etc in the back. Let it also be noted that if two people have a good understanding of the game, the biggest edge that can be excahnged is like 5%, although the variance is absolutely enourmous.

[Autocratic]

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if he is an owner of UB im sure he has quite a lot of money. but he hasnt said he has 20 million. he has said that he has made 20 million playing poker.

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Has he said how much he's lost?

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i suppose losses are counted into that..

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My mistake.

[LARRY_DAVID]

there s no fkn way he can have 100 million. the owners of companies that endorse this tool doesnt have 100 million.

[Tofu_boy]

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I bet he's worth a lot....with the book deals, deal with UB, all that stuff.

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Movie deal also ...
yeah it's nothing for him.

[BarryLyndon]

http://www.cardplayer.com/blog/entry/338

This is wonderful.

[phantom_lord]

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"...giving to charities, it makes you feel more entitled."

Just what Phil needs, a greater sense of entitlement.

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lol!

[Lurker.]

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if he is an owner of UB im sure he has quite a lot of money. but he hasnt said he has 20 million. he has said that he has made 20 million playing poker.

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Has he said how much he's lost?

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i suppose losses are counted into that..

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no. live players don't count wins and losses like internet players.