Sklansky hurting?

[KennyBanya]

[ QUOTE ]
Gave a speech in exchange for a STAKE in the 50k horse and main event

[/ QUOTE ]

Professional gamblers like to have free rolls and create overlays. That's how they make a living.

This is whether they are hurting or not.

KennyBanya

[TheIcyC]

[ QUOTE ]
Professional gamblers like to have free rolls and create overlays. That's how they make a living.

This is whether they are hurting or not.

[/ QUOTE ]

QFT

I would be more worried if he didnt take the opportunity.

[RickAstleyFan]

He basically worked for two hours to save 60K.

Think of all the hookers 60K would buy!

PLUS PLUS PLUS EV

[MicroBob]

I bet he would have given the speech for less actually and probably got a good deal out of it.

You would have to be stupid to turn down significant money to just give a speech.
You might be even stupider to think that somebody who does this must be 'hurting'.

[The4Aces]

An important factor to remember is that a 2 hour speech would take longer than 2 hours to prepare for.

[MicroBob]

Meh, not necessarily THAT much prep if it's on a topic you are comfortable chatting about.

Think Phil Hellmuth or Tommy Lasorda or any other guy who occasionally get paid for such things actually sits there and prepares for hour after hour after hour to stand up on a stage and talk and talk?

Just slap a few note-cards together, put them in order, and wing it.

If someone wanted to pay me to give a 2 hour speech on such topics as grinding out 10 tables online I don't think it would be too difficult.
And I'm somebody who has never done such a speech. Whereas I'm pretty sure Sklansky has stood before an audience to give a speech on this topic or that on several occasions.

[tarheeljks]

do you not see how his acceptance of the offer does not imply that he couldn't enter the event w/o it? also, how is a 50k stake no compensation. nyu admissions must be slacking. j/k

[TxRedMan]

[ QUOTE ]
Gave a speech in exchange for a STAKE in the 50k horse and main event

[/ QUOTE ]

assuming it was split 50/50, his immediate EV would be 30K. assume the speech was 2 hours, that's 15K/hour. assume that DS has (x) edge in the horse tournament, his implied EV is greater than 15K/hr, and i think DS is smart enough to avoid high variance spots bankroll-wise, like 50K buyin tournaments with the best players in the world.

this sounds like a smart decision, and even if I had a $1M bankroll, i'd still take this offer.

but i'd have to give a speech on weight lifting and the transportation industry, so, i doubt that would fly.

[Moose]

[ QUOTE ]
do you not see how his acceptance of the offer does not imply that he couldn't enter the event w/o it? also, how is a 50k stake no compensation. nyu admissions must be slacking. j/k

[/ QUOTE ]

It depends entirely on the percentage he got in his stake. If he accepted a 1-99 split in return for a speech, he probably wouldn't take it. Maybe DS will enlighten us someday on what the break-even point for N is between

A> take the stake where DS pays nothing and gets N% of the gross and
B> DS BRing himself.

My guess is that for DS, N=15.

Meanwhile, I would take a 50k stake in the HORSE event for a 0-100 split.

[jman220]

[ QUOTE ]
Meanwhile, I would take a 50k stake in the HORSE event for a 0-100 split.


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That would be extremely -EU (not EV) due to the possibiity of you "winning" millions of dollars. Do you see why?