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I ran into Scotty Nguyen at a casino in Oklahoma about 15 years ago. I was starstruck and asked him for an autograph. Dude pulled a $100 bill out of his pocket, signed it and said "here ya go baby!" That dude is a fucking legend!
Most high stakes players go broke because they play in stakes too high for their bankrolls. Others mistake a run of good luck for skill and eventually succumb to better players. Most of the high stakes pros from 10-15 years ago and before went broke after becoming known. Sometimes the games change and they aren't able to adjust. The smarter ones move down in stakes when running bad or their bankroll drops below a certain point. But many have egos that won't let them drop down and that is dangerous to their bankrolls.
A lot of it also has to deal with the fact that during the poker boom of the early 2000’s, games were a lot softer because you had a lot more unskilled players. The ones that kept at it, by and large, are skilled players. Less fish+more skilled players on avg = tougher environment
@@StuUngar You're right, the softer games allowed good, but not great, players (myself included) to move up in stakes they were previously, and later, not talented enough to beat, and most of them eventually went broke and/or quit the game. When I couldn't beat the mid-stakes limit hold'em games as a part time player because the competition became mostly professionals, I just moved down in stakes and avoided going broke. Eventually I was forced to switch to no-limit because that's where most of the action and fish are. But the problem with TOP players going broke, including most world champions, and even long before the poker boom, was insufficient bankrolls and egos. Many of the pros today understand variance better that the pros of yesteryear, but many don't and almost all still have those egos. I remember the regulars at the Taj back in the 90s walking around the room looking for the softer games (which later became known as bum-hunting, lol). They needed the income to make a living and learned they could reduce their variance (even if they weren't familiar with the concept--they just knew they could make more money) by playing in softer games. But when the better players moved up in stakes, their available games became fewer and fewer, and their variance increased and many of them went broke or quit the game rather than move back down in stakes. And since they were previously playing at the lowest stakes available with no where to move down to if they wanted, and were used to playing on short bankrolls, most didn't have those additional skills to reduce variance, and were stripped of the one tool they previously had -- bum hunting. Eventually the poker boom gave everyone a boost and many lived like kings for a few years. Now I see some of them barely getting by at low stakes -- hopefully they're collecting Social Security, because they aren't playing well enough to make a living, in part because they too were forced to switch to a new game (no-limit). Your namesake is a perfect example of a guy with insufficient bankroll and a big ego (and a lot of other negative self-discipline stuff) that caused him to go broke many many times over.
The sad truth is that lots of the famous poker players never had any substantial amount of real money to their name. They had huge debts they owed to their sponsors. Online poker sietes would sponsor them by giving them a loan. If they go broke they were supposed to rebuy in, even multiple times in order to make it to the final table in order to represent their sponsor. That gave them a huge advantage compared to regular players. So they weren't nearly as good as people thought. They just had the advantage of almost always having money to rebuy if they went broke. If you can rebuy 3 times you have a 3:1 advantage compared to the regular player. People then see those players winning big but never see the other side of the story which is that they have huge debts. So they were basically living on borrowed money. SO they did not have any real net positive money to their name. Even today people like Tom Dwan or Phil Ivey have massive debts to their name. Yes there are real winners in poker but you can almost say that most of the poker world is a big lie designed to get people to play online poker who then are being ripped off by those sites because most of the other players on those online tables aren't real players but computers pretending to be humans. And since computers play more perfect than humans real players can nothing but loose in the long run. If you want to play real poker you have to go to the casino and pay attention that the rake is not too high. Otherwise the long term loss is already unavoiddable.
@@AC-wl7ve The first part of your observation is correct. The second part is only correct if that player continues playing at a level where his/her bankroll is threatened by said cooler. A real professional player will drop down in stakes when their bankroll is no longer sufficient for their current stakes. An amateur or someone lacking bankroll management skills will play too high and risk going broke. This is well understood by professionals. Also, when on a losing streak it's a good idea to reevaluate one's game to see if one is playing one's best, or if the competition has gotten better. Both can fool a good player and destroy his/her bankroll if not realized. That requires self discipline. Ungar obviously lacked that.
When you seesaw the way Stu Ungar did, it happens because you get need action. Everything to him was a competition. If he won, he wanted to win more. He'd win $1,000,000 from the WSOP and want $10,000,000 and would end up going from rich to broke to rich to broke for years. It's a sadistic cycle of vanity and prodigality.
He was not the best poker player who ever lived. He was likely the best or one of the best of his era, but definitely not the best of all time. Back when he played, the fields were super small and not very competitive. On top of that the amount of pros back then was also extremely low, most people were just hobby players who had no idea what they were doing. Look at Johnny Chan for example, who won the main event 2 times in a row and was 2nd the 3rd time. He hasnt won anything since ages, even hes still playing up to this day. & people were saying the same about him back then, that he was "the best of all time". Dan Harrington is another good example. He was ahead of his time with his play style. But these days his play style is considered being completely wrong and outdated. He also hasnt won anything since ages.
@@XxMr1XxX stu was the best. He won over 30% of the 5k and bigger buy in tournaments he played., Doesn't matter the fields were smaller , all that means is that all the players were solid and there wasn't all the riff Raff online shit players. His poker IQ was off the charts. He was a genius w cards . Would have been nice to see him play for 20 more years though.
@@EmperorNerox He was the best of his time, but definitely not the best of all time. Calling him the best of all time is disrespectful towards all those talented people who played poker during the last 20 years. There are thousands of people who have similar talent as him. Back then it was just way less players, so it was a lot easier for a talented player to stand out.
A Scotty Nguyen story. One day I was playing keno at the Gold Coast bar about 3am in 1999, turn my head and Scotty is sitting next to me , after about 5 drinks each , Scotty says to me , it's really cold this morning , puts his hand over credits in his bar top poker machine and says to me , "I will give you all the money I got in this machine for your leather jacket" about 10 minutes later I said fuc* it and we shook on it. Scotty than put bar towel over machine , put on his new leather jacket , thanked me , laughed and walked out the door facing the Palms. For the next hour I left that towel on that machine not knowing the amount that he left. Well the jacket was worth $200 at best. I call over the bartender who heard the whole last two hours of our conversation. I have him peak under towel , bartender looks at me and says HOLY SHIT Scotty gave me $775 for a used leather jacket
Yeah. He did the same to me. But this time he close the credit using his leg. Ask me for my underwear because he forgot to wear one. I took me 3 years to think and then fuck it. We shock on it. His leg there hiding the credit amount for 3 years. He took my underwear and wear it. I never wash that underwear. Got lots of stains on it. He cut his leg and left. I dont know the amount of the credit since his leg still there. After one hour, i ask the bartender who drunk and barely listen to my conversation with scott to take off the leg. And the bartender shout at me... oh my god.... the machine is out of order.
Scotty's poker career took a hard dive in WSOP against Phillip Halm; Scotty makes the final table if he just passes every hand. But Halm got him angry and Scotty went broke in two hands. It was jaw-dropping
Anyone who has ever played poker know it's a game of skill, math and LUCK. If you're on a run of bad luck, your instinct is to bet more in hopes of winning. When these high stakes player encounter a streak of "bad luck"....it can, and will sometimes destroy them. I live in Vegas....I can tell you a dozen stories of guys who worked many years, retired to become "professional poker players" and had to go back work in a year or two. Gamblers are usually worse than alcoholics... when an alcoholic drinks too much, he passes out. When a gambler is on a losing streak, he loses the house.
@@joelstatosky1817 That does literally nothing. A streak is something that only "is" in your head. There are no streaks or "end of streaks". You keep playing as long as you are not on tilt and play your A game, thats it. The only reason to walk away from a table is to move down in limit, when the table has become too strong for your skill or when you are not able to play your A game anymore.
@@michieltummers1303 this is true. As long as you feel like you are still playing your A game you should just play. If a super human can just play poker for 100000 hours straight no sleep there will be strings of 10 20 even 100 hours of nonstop losing hands. But if he's good enough he will profit overall over that 100000 hours.
So basically, they would win enormous amounts of money playing the games they were actually good at, then lose it all playing games that they either aren’t nearly as good at, or are actual chance-based gambling.
If you win you will keep playing because you want more. If you loose you will also keep playing because you want to take it back. At the end you will stop only if there are nothing left.
@@rolly6020 yes most of these UA-camrs aren't less than any scammer, we in the world of IT, where everything can be known but sadly the truth is hidden and things are manipulated, it will come to a time when everyone would think something is real while it was completely fake being UA-cam Facebook as their source of information, just go to blogs for info ...
John Daly the golfer, Dennis Rodman, Charles Barkley basketball, even Michael Jordan dumped 10’s of millions of dollars in short order.Ride the Tsunami 🌊 till it comes crashing down all around.Stu Unger story has to be one of the saddest endings of all-time
Difference is they had jobs that paid them. When poker pros loose they dont have income to back them up. And to even mention Jordan who was making 100s on millions in the same breath is a joke.
@captain scentsible39 I would say about 5% can play poker for a living. But its not the glam lifestyle that people think it is. A few of the young superstars have it pretty good, but they in general are socially awkward, and most of their friends are people that live the same grinding lifestyle.
I played a lot of cards at Commerce Casino in 2001 and 2002. It was right before poker became big. All the guys on TV were just the group of degenerates that I saw all the time there. I would see thousands of dollars in chips one day and the next them looking for someone to stake them the next because they didn’t have $100 to their name. It was pretty pathetic and far from the glitz and glamor shown on the WPT when that started airing in summer 2002.
Commerce, Bicycle, or Hustler casino you saw them there. Back then it was a tiny circle of poker players. Many of them are great at poker but equally horrible at other gambling forms where would they blow winnings on. Poker was used to fund their other habits.
The number one skill in poker. Understanding when you're outmatched and stepping down to stakes where you win. It's hard because to reach the top you first have to believe you can get there. If you stop moving up while you can you're also losing money ;-)
Poker players can feel untouchable when things are going good. We’ve all been there. But eventually and inevitably variance rears it’s ugly head. Bankroll management and setting up multiple streams of income (outside of poker) is beyond important and often overlooked.
I don't know about poker, but Stu Ungar is certainly the best Gin Rummy player in the world. They used to play casino Gin Rummy until Stu Ungar showed up. They used to have major Gin tournaments where they would pay Ungar to not play.
Devilfish was a cool dude. Legit badass. Used to see him, sit at the tables, hang out etc at tournaments in Los Angeles, Vegas and once after seeing him at Bellagio I flew out to London to play late night poker on tv some tournament, ,partypoker paid for everything n gave me 1500 spending money . Anyway it was in some old soccer stadium in the locker rooms, and sure as shit devilfish is there . Was cool to see him. Legend. RIP
@@adamirishconundrum851 he must have been doing something right. He was one of the most dominant players of his time. Obviously would never work in this gto era though.
Most poker pros don't lose their money though because they are professionals. So yeah, when a PRO loses as much as they earned, it's certainly shocking.
I've watched both Gus and Scotty live. Scotty's issues were non-poker and required life changes. Gus's were basic game adjustment. He took way too long to adjust to range analysis. Once he made those changes in his game, he should have been able to recover.
@@robertkauffman8137 that only applies for games against the casino. Games against other players, like poker, you can make a living if you're good at it
@@jamalnasir5648 you can make a living yes, but the statement is true. The only way someone can win millions in a big events is if thousands upon thousands lose, hell the big even for last years WSOP only the top 15% actually made money so for every 20 people playing only 3 made money. So yeah most every player is a loser.
Scotty N has been going broke all his life playing poker. Any one that knows his story knows all about his ups and downs. Still love Scotty but he rides high too often.
He's the true definition of a gambler. You don't see many high level players like him take those kinds of risks. What I love about him is that his reckless style makes him hard to read but he's so good at reading the other guy and I recall quite a few times he called the exact hand the other player had in a similar manner to Daniel
Scotty N noticed that I was star struck when I encountered him in the Rio lobby in Vegas for the WSOP...Scotty approached me...patted me on the shoulder and wished me,"Good Lucky Baby"....haha...priceless! A really nice guy.
@@emanuelmartinez7267 .Yes, the general consensus has been. He took to much risk. When we compare him to someone like Phil ivy, the different in the amount of risk taken is massive
@@emanuelmartinez7267 . Yeah very true, but with proper risk management and playing with an amount of money you are willing to lose it should be fine as a recreational activity and if you get really could play a couple tournaments and even go pro and do it full time
A lot of players weren't as good as people thought, they were loose aggressive and had very high deviance and ran insanely hot as some will when you have a large number of loose aggro players. They then fall to earth as the variance goes the other way and they play too high and have too big egos to go down in stakes. Others had or developed serious substance issues. Or they just hit seriously unlucky streaks.
As being a friend of one of the pioneers in the super aggro style (Chad Lilholdem Batista), I agree with you for the most part. The thing is that style was fine online, where you can play several tournaments not only at the same time, but one after another as well. If you put a steamroller into a bunch of tournaments, he is going to crush a few, and loose a lot. The thing is 1 win = 100s of losses in bigger fields. Now lock then into the old school 1 bullet and that's it, they don't have the option to open another 5 screens.
I would also argue that up until right around the poker boom extremely aggressive play was generally optimal play. This is the underlying message of Brunson's Super System. In Super System you play extremely aggressively stealing pots until the amateur player finally finds a hand and takes a stand. The catch is by that point the aggressive pro is playing the pot with mostly the amateurs (stolen) money and, while behind, still usually has a 40% chance to win the pot. The poker boom also coincides with wide spread internet and, while the fish are plentiful, they also can check the odds which more or less eliminates Super System as a go to strategy for winning at Poker. In effect loose aggressive was the best strategy right up until, one day, it wasn't because even the relative amateurs ceased being super tight players. That was certainly my experience with the game. Back in my pup days before the poker boom in Uni all our poker games (and mine as well) was pretty much a bunch of tight players playing each other - a pro would have eaten us all for lunch. After the poker boom and the explosion of books that where a part of it, I was still pretty much a fish but now I was a fish that had read a bunch of poker books and had learned to adjust my game to deal with a loose aggressive player trying to constantly steal from me.
What's the story? Bill Gates meets Doyle Brunson. Gates is playing low stakes cash game 1/2 dollar blinds Gates-Can I get an autograph of your book Super System? Brunson-If you play higher stakes with me Gates-I'm too rich, not worth my time. Gates supposedly makes $150 dollars per SECOND 24/7 all year long. Damn super baller Gates making the high stakes gamblers look like Zynga players
One thing you NEVER hear about a Pro Gambler.....He retired at 60 (and never gambled again) with $5 Million in investments and lived the good life for another 30 years with his wife until he died of Old Age.
Not sure if you said Gus Hansen but as he is in the thumbnail I'm gonna assume that you did. He isn't broke. The guy plays for millions and millions playing backgammon, he is potentially the number 1 backgammon player in the world.
The general consensus is that these players took a massive amount of risk or had outside elements affecting their play. If you play poker you must be aware of these and how they apply to you, and if you can't you shouldn't play at all
Sounds like they problem with most of them is they start gambling on games of pure chance, sport betting and horses and dice and whatnot. Poker probably became like a job to them so for excitement they started playing games that are designed to steal your money.
@@Harkness78 What good is poker skill, if all you do is gamble like a degenerate? Replace poker with investing, business, or any high paying career. If all you do is blow your money on bad games like casino games, then it doesn't matter how good you are at anything.
I seen gus and SS coming from Bobby's room his had a rack with the American flag chips . 0ver 20 years ago gus said something I always remember "it takes balls to risk it all".
Gus Hansen has always been a mystery to me. Calm and in control, I've never seen him get out line at the tables, emotionally speaking. Well at least that's what he projects on the outside. I'm not surprised by his laid-back attitude.
Stay away from any form of Casino gambling. Buy your average lottery tickets occasionally, and hope for the best. I've seen the high's and low's of people gambling, in my life as a Casino dealer, and let me tell you, that at the end, almost everyone is a loser, sad and true.
Alot of the big name pros from the early 2000's went broke and had people staking them.Hell,basck around 2000 or 2001 my buddy Scott got heads up with John Juanda at the 5k Jack Binion world poker open on ESPN and cashes for like 150k and was broke playing 1/2 NLH within a couple years and from about 2005-2011 I was taking him to tournaments and cash games with me and backing him and he's a solid player that made me money and taught me alot about the game but he just had terrible money management skills.
I believe the biggest shift in poker came when ranges became everything. During the NL Holdem boom in the early 2000s poker was a much different and simpler game. Some pros were able to adjust, some weren’t.
True story. Gone are the days of Cowboys figuring out what eachother had by the glint in their eye lol. Although it's still not terribly difficult to grasp, especially if you have a wealth of experience. My guess is that for many players it's less of a matter of capability and more a lack of willingness to change.
The way I see it is that unless you’re a savant, you’re not going to get rich playing poker. At a certain stakes, you’ll be playing people that you have no advantage against, so you’ll just be swapping money. At lower stakes, you can grind out a decent living, but it’s not gonna be fun or glamorous.
i agree with this. I don't think the pros on tv make that much money playing the millions dollars games we saw. It's mostly for sponsorship and fame. They make money from playing against worse players either online or at lower buy in events that don't get televised.
I am pretty sure that Tom Dwan and Ivey went broke too and a lot of other famous "pros" arent winning players anymore, they play tournaments because they get sponsored by for example GGPoker.
I got slated for daring to express concern about the amounts of money DN was gambling at the recent WSOP. It was pointed out to me that professionals don’t lose everything, they are too smart! At the end of the day, they are gamblers and are as vulnerable as the next person.
For real. Like they're all making money playing against each other and then have the bright idea to play against the house. You'll never beat the house.
Jesse Busman I am not really sure how they define broke. I seen Gus at Bellagio last year at the high stakes table and he had a whole lot of chips in front of him.
wow u are shocked Gus Hansen went broke?... Didn't u see the way he played? That's one dude Phil Hellmuth was right about. He literally said on a Poker show playing against Hansen "This guy wont be around in 10 years" and he was dead right lol literally.
@@jasonsmith1288 True however I do think Dwan is a better high stakes cash game player than Hansen. Hansen back in the day had some unreal run good and when that stopped he literally lost everything.
LOL - I was at Bellagio 20 years ago and saw TJ Cloutier was at the craps table (HUGE guy) and he looked upset. An hour later, he was right in front of me at the cashier - he was getting more money (thru a marker or check or whatever) and as he left, the cashier said "Have a nice day Mr. Cloutier" and he responded "It's a little God Damn late for that but thanks!" and walked away all grumpy..lol - I saw him back at the craps table 5 min later.
That's innacurate. NLHE is a lot less high-variance than the limit games. The games with the highest variance are deuce-to-seven triple-draw, ace-to-five triple-draw, seven stud high, limit hold 'em, razz, limit omaha high, and badugi. Pro bankrolls take much larger swings playing in these games. I know it's counter intuitive, but it's true. Gus, e.g., didn't go broke playing NLHE.
How many times have Matusow, Forest gone broke? Even Doyle Brunson tells the story about going broke and not being ablate afford a bus ticket to Texas. And what about Viktor Blom?
I have known many famous poker players in my lifetime, the only ones that are still relevant or are doing well financially are the ones that invested some of there winnings into properties or stocks. The rest are all broke. Exception to the very small % that are still winners to this day
Just about all of them are either broke or in debt. Very few can survive gambling for a living. A small percentage do. I was always amazed that top poker pros win a ton of money at the table only to lose it at the sports books, prop bets or shooting dice. I never understood that.
It's not surprising to me. In my mind, there are hardly any pros. There are some lucky big-time winners and some hard working grinders. But most of the big names were always rich kids who push money back and forth and creating surplus mostly by TV-money, sponsorship and maybe taking out a rich fish from time to time.
Chino was a great player before getting into drugs. Played on a table with him once and he very well that day. If you gamble long enough, eventually your luck will run out.
It's not really shocking if a poker player goes broke. They gamble for a living. They could lose their net worth on any given day. Doyle Brunson once suggested he went broke hundreds of times in his life. The best way to make money in a casino is to be employed there.
Getting good at poker is the mask I used for my insecurities for most of my adult life knowing that about why I was doing what I was doing helped me beat those that were unable to examine their existence as I did.
no, you dont understand, he won so much that he had EVERY 5,000.00 binions chip in his safety deposit box, to avoid having to print more chips, they paid him cash for the chips.......then he lost it all back to them................
Moneymaker went broke at least twice. He's a mid-stakes player now who makes most of his money showing up to tournaments who pay him to use his name (e.g., "The Moneymaker Classic").
Jason Smith well they’re a little different because their involvement in the Full Tilt and Ultimate Bet scandals. Lederer and his sister Duke, especially, are generally persona non grata in the poker world because so many people got ripped off when FT and UB were found out to be insolvent and couldn’t pay back player funds. People were less angry with Lingren for that, but then he borrowed tons of money from people and didn’t pay it back, so he’s a Chino, too.
@@WILLIAMCHANEL Its funny you mention persona non grata. I figured that's what happened to Chris Ferguson as well. I don't hear from Jennifer Harmon anymore either
I think it’s funny and nonsensical when people think they know poker. The fact is this: you can play “right” or “by the book” 100% of the time and still lose 80% of the time. You can bet when ahead and still lose most of the time. That’s a fact. Luck is a way bigger factor than anyone wants to admit.
There are very few professional poker players......the majority are poker losers. I live in Vegas.....I can tell you a hundred stories about people coming here and thinking they can make a living as a "professional" poker player.
They're selling a Dream, Ron. What the people in the industry don't tell you is that most Pros are floating on sponsorships, meaning that they only pay 10% of their tourney buy-ins. They get to keep the entire win so they are constantly hoping for a big score. Unless you have backing or a crew behind you to coach and pool buy-ins, etc. you are facing long odds if you think you can go it all by yourself.
i remember when full tilt was around. i used to watch gus hansen and phil ivey go heads up with 250k hansen would blow it all in a few hands, buy in another 250k, buy in again, it was nuts
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I ran into Scotty Nguyen at a casino in Oklahoma about 15 years ago. I was starstruck and asked him for an autograph. Dude pulled a $100 bill out of his pocket, signed it and said "here ya go baby!" That dude is a fucking legend!
That's awesome
@@gam3kid Same note too
Best story ever!
That's fucking awesome. Scotty is a cool guy. Hope he turns it all around. Vietnamese guys like him is very honest and makes a good friend
Was this at winstar?
Most high stakes players go broke because they play in stakes too high for their bankrolls. Others mistake a run of good luck for skill and eventually succumb to better players. Most of the high stakes pros from 10-15 years ago and before went broke after becoming known. Sometimes the games change and they aren't able to adjust. The smarter ones move down in stakes when running bad or their bankroll drops below a certain point. But many have egos that won't let them drop down and that is dangerous to their bankrolls.
A lot of it also has to deal with the fact that during the poker boom of the early 2000’s, games were a lot softer because you had a lot more unskilled players.
The ones that kept at it, by and large, are skilled players.
Less fish+more skilled players on avg = tougher environment
@@StuUngar You're right, the softer games allowed good, but not great, players (myself included) to move up in stakes they were previously, and later, not talented enough to beat, and most of them eventually went broke and/or quit the game. When I couldn't beat the mid-stakes limit hold'em games as a part time player because the competition became mostly professionals, I just moved down in stakes and avoided going broke. Eventually I was forced to switch to no-limit because that's where most of the action and fish are. But the problem with TOP players going broke, including most world champions, and even long before the poker boom, was insufficient bankrolls and egos. Many of the pros today understand variance better that the pros of yesteryear, but many don't and almost all still have those egos. I remember the regulars at the Taj back in the 90s walking around the room looking for the softer games (which later became known as bum-hunting, lol). They needed the income to make a living and learned they could reduce their variance (even if they weren't familiar with the concept--they just knew they could make more money) by playing in softer games. But when the better players moved up in stakes, their available games became fewer and fewer, and their variance increased and many of them went broke or quit the game rather than move back down in stakes. And since they were previously playing at the lowest stakes available with no where to move down to if they wanted, and were used to playing on short bankrolls, most didn't have those additional skills to reduce variance, and were stripped of the one tool they previously had -- bum hunting. Eventually the poker boom gave everyone a boost and many lived like kings for a few years. Now I see some of them barely getting by at low stakes -- hopefully they're collecting Social Security, because they aren't playing well enough to make a living, in part because they too were forced to switch to a new game (no-limit). Your namesake is a perfect example of a guy with insufficient bankroll and a big ego (and a lot of other negative self-discipline stuff) that caused him to go broke many many times over.
The sad truth is that lots of the famous poker players never had any substantial amount of real money to their name. They had huge debts they owed to their sponsors. Online poker sietes would sponsor them by giving them a loan. If they go broke they were supposed to rebuy in, even multiple times in order to make it to the final table in order to represent their sponsor. That gave them a huge advantage compared to regular players. So they weren't nearly as good as people thought. They just had the advantage of almost always having money to rebuy if they went broke. If you can rebuy 3 times you have a 3:1 advantage compared to the regular player. People then see those players winning big but never see the other side of the story which is that they have huge debts. So they were basically living on borrowed money. SO they did not have any real net positive money to their name. Even today people like Tom Dwan or Phil Ivey have massive debts to their name. Yes there are real winners in poker but you can almost say that most of the poker world is a big lie designed to get people to play online poker who then are being ripped off by those sites because most of the other players on those online tables aren't real players but computers pretending to be humans. And since computers play more perfect than humans real players can nothing but loose in the long run. If you want to play real poker you have to go to the casino and pay attention that the rake is not too high. Otherwise the long term loss is already unavoiddable.
i dont care how good you are, luck players a massive factor. any player can go on a massive cooler and go bust in no time.
@@AC-wl7ve The first part of your observation is correct. The second part is only correct if that player continues playing at a level where his/her bankroll is threatened by said cooler. A real professional player will drop down in stakes when their bankroll is no longer sufficient for their current stakes. An amateur or someone lacking bankroll management skills will play too high and risk going broke. This is well understood by professionals. Also, when on a losing streak it's a good idea to reevaluate one's game to see if one is playing one's best, or if the competition has gotten better. Both can fool a good player and destroy his/her bankroll if not realized. That requires self discipline. Ungar obviously lacked that.
That’s ok baby, there’s still 2 more cards. ~Scotty Nguyen
👍👍🤣
Dying lmaooo
@Sofa King exactly. Play the flop...the turn and river are a mere 40% and you're most likely chasing a draw.
I loved him playing talking. He is a viatnamees brother there in every city in the world a Asian brother who is part if gambling it self
"You got one flush, I got two" Scotty Win
If there's one thing to understand about poker, it's that bankroll management is just as important as skill at the game.
Staying away from the craps tables would be a first step.
Stu Ungar’s life story is absolutely fascinating, he was the best poker player who ever lived but the one person he couldn’t beat was himself!
When you seesaw the way Stu Ungar did, it happens because you get need action. Everything to him was a competition. If he won, he wanted to win more. He'd win $1,000,000 from the WSOP and want $10,000,000 and would end up going from rich to broke to rich to broke for years. It's a sadistic cycle of vanity and prodigality.
Yea we all heard him say that bit.overplayed now. Lol geez
He was not the best poker player who ever lived. He was likely the best or one of the best of his era, but definitely not the best of all time.
Back when he played, the fields were super small and not very competitive. On top of that the amount of pros back then was also extremely low, most people were just hobby players who had no idea what they were doing.
Look at Johnny Chan for example, who won the main event 2 times in a row and was 2nd the 3rd time. He hasnt won anything since ages, even hes still playing up to this day. & people were saying the same about him back then, that he was "the best of all time".
Dan Harrington is another good example. He was ahead of his time with his play style. But these days his play style is considered being completely wrong and outdated. He also hasnt won anything since ages.
@@XxMr1XxX stu was the best. He won over 30% of the 5k and bigger buy in tournaments he played., Doesn't matter the fields were smaller , all that means is that all the players were solid and there wasn't all the riff Raff online shit players. His poker IQ was off the charts. He was a genius w cards . Would have been nice to see him play for 20 more years though.
@@EmperorNerox He was the best of his time, but definitely not the best of all time.
Calling him the best of all time is disrespectful towards all those talented people who played poker during the last 20 years. There are thousands of people who have similar talent as him. Back then it was just way less players, so it was a lot easier for a talented player to stand out.
A Scotty Nguyen story.
One day I was playing keno at the Gold Coast bar about 3am in 1999, turn my head and Scotty is sitting next to me , after about 5 drinks each , Scotty says to me , it's really cold this morning , puts his hand over credits in his bar top poker machine and says to me , "I will give you all the money I got in this machine for your leather jacket" about 10 minutes later I said fuc* it and we shook on it. Scotty than put bar towel over machine , put on his new leather jacket , thanked me , laughed and walked out the door facing the Palms.
For the next hour I left that towel on that machine not knowing the amount that he left. Well the jacket was worth $200 at best. I call over the bartender who heard the whole last two hours of our conversation. I have him peak under towel , bartender looks at me and says HOLY SHIT
Scotty gave me $775 for a used leather jacket
Yeah. He did the same to me. But this time he close the credit using his leg. Ask me for my underwear because he forgot to wear one. I took me 3 years to think and then fuck it. We shock on it. His leg there hiding the credit amount for 3 years.
He took my underwear and wear it. I never wash that underwear. Got lots of stains on it.
He cut his leg and left. I dont know the amount of the credit since his leg still there.
After one hour, i ask the bartender who drunk and barely listen to my conversation with scott to take off the leg. And the bartender shout at me... oh my god.... the machine is out of order.
@@profesorkailan1324 your not normal.
@@poppadoc. kinda funny though..
His not normal what?
THAT type of shit is probably why he goes broke!
Scotty's poker career took a hard dive in WSOP against Phillip Halm; Scotty makes the final table if he just passes every hand. But Halm got him angry and Scotty went broke in two hands. It was jaw-dropping
Anyone who has ever played poker know it's a game of skill, math and LUCK. If you're on a run of bad luck, your instinct is to bet more in hopes of winning.
When these high stakes player encounter a streak of "bad luck"....it can, and will sometimes destroy them. I live in Vegas....I can tell you a dozen stories of guys who
worked many years, retired to become "professional poker players" and had to go back work in a year or two. Gamblers are usually worse than alcoholics...
when an alcoholic drinks too much, he passes out. When a gambler is on a losing streak, he loses the house.
Sad reality
Yep, that's why most people recommend that when you are on a losing streak to just walk away.
@@joelstatosky1817 That does literally nothing. A streak is something that only "is" in your head. There are no streaks or "end of streaks". You keep playing as long as you are not on tilt and play your A game, thats it. The only reason to walk away from a table is to move down in limit, when the table has become too strong for your skill or when you are not able to play your A game anymore.
@@michieltummers1303 this is true. As long as you feel like you are still playing your A game you should just play. If a super human can just play poker for 100000 hours straight no sleep there will be strings of 10 20 even 100 hours of nonstop losing hands. But if he's good enough he will profit overall over that 100000 hours.
@@joelstatosky1817 It's easy at the racetrack if the losing streak is bad enough just bet every horse in a race. That's what I used to do.
Cant be all loosey goosey at the poker table eating a sandwich
🤣👍
The most important thing in life is to be able to afford a sandwich. 🥪
In KGB's voice.......
"OK....Mr. Son of a Bitch....lets play some cards"
So basically, they would win enormous amounts of money playing the games they were actually good at, then lose it all playing games that they either aren’t nearly as good at, or are actual chance-based gambling.
I could never do that. But i'm frugal and kind of a pussy
That casino lifestyle takes over
If you win you will keep playing because you want more. If you loose you will also keep playing because you want to take it back. At the end you will stop only if there are nothing left.
Yup, this realization made me quit poker while ahead (but who knows if I really quit yet)
HE SAID LOOSE☠️🤣☠️😂☠️😭
"blew it all on parties or drugs or whatever" sounds like you're well informed
Prostitutes.
@Jeez Sperma lol what are you talking about? what dad's dont want their kids to be gamblers?
this guy has no idea what hes talking about, just makes a lot up to make money on youtube
@@rolly6020 yes most of these UA-camrs aren't less than any scammer, we in the world of IT, where everything can be known but sadly the truth is hidden and things are manipulated, it will come to a time when everyone would think something is real while it was completely fake being UA-cam Facebook as their source of information, just go to blogs for info ...
I believe that means whores
David Pham. He’s one of the best tournament poker players, but still, he like other games :)
He’s broke all the time.
John Daly the golfer, Dennis Rodman, Charles Barkley basketball, even Michael Jordan dumped 10’s of millions of dollars in short order.Ride the Tsunami 🌊 till it comes crashing down all around.Stu Unger story has to be one of the saddest endings of all-time
RIP Stu Unger
Difference is they had jobs that paid them. When poker pros loose they dont have income to back them up. And to even mention Jordan who was making 100s on millions in the same breath is a joke.
@captain scentsible39 I would say about 5% can play poker for a living. But its not the glam lifestyle that people think it is. A few of the young superstars have it pretty good, but they in general are socially awkward, and most of their friends are people that live the same grinding lifestyle.
I played a lot of cards at Commerce Casino in 2001 and 2002. It was right before poker became big. All the guys on TV were just the group of degenerates that I saw all the time there. I would see thousands of dollars in chips one day and the next them looking for someone to stake them the next because they didn’t have $100 to their name. It was pretty pathetic and far from the glitz and glamor shown on the WPT when that started airing in summer 2002.
well, what they show on tv now has nothing to do with the reality as well :D
Like who?
Commerce, Bicycle, or Hustler casino you saw them there. Back then it was a tiny circle of poker players. Many of them are great at poker but equally horrible at other gambling forms where would they blow winnings on. Poker was used to fund their other habits.
lived in vegas in my 20s degenerate gambling town, won and lost good sums of money until the light went on ,made a nice score and left town
I don't think those can be called even professional players, they are just gamblers...
Many of the top pro's are serious gamblers. You can be both a pro and a gambler. Approximately 100% of the old school pro's were gamblers.
Who would have thought that a gambling game would attract gambling addicts?
High stakes gambling is like icarus flying near the sun.
The number one skill in poker. Understanding when you're outmatched and stepping down to stakes where you win. It's hard because to reach the top you first have to believe you can get there. If you stop moving up while you can you're also losing money ;-)
Poker players can feel untouchable when things are going good. We’ve all been there. But eventually and inevitably variance rears it’s ugly head. Bankroll management and setting up multiple streams of income (outside of poker) is beyond important and often overlooked.
I just lost 15,000 just now in 5-5 plo so I get it
go to college and apply for grants
@@okla7218 if ur bad, yeah
I quit online poker when the FBI logo showed up on my FTP screen one morning.
@@evanshafer4795 And what exactly is bad? U can be a great player and still lose, it's influenced by a lot of things.
I like Scotty, and Gus at the poker table they are exciting to see play.
I don't know about poker, but Stu Ungar is certainly the best Gin Rummy player in the world. They used to play casino Gin Rummy until Stu Ungar showed up. They used to have major Gin tournaments where they would pay Ungar to not play.
Yes. Ungar grew up as a kid playing Gin Rummy at his dad's card club.
Devilfish was a cool dude. Legit badass. Used to see him, sit at the tables, hang out etc at tournaments in Los Angeles, Vegas and once after seeing him at Bellagio I flew out to London to play late night poker on tv some tournament, ,partypoker paid for everything n gave me 1500 spending money . Anyway it was in some old soccer stadium in the locker rooms, and sure as shit devilfish is there . Was cool to see him. Legend. RIP
Let's be honest, Gus is slightly surprising, none of us are shocked. Had to be the most maniacal high stakes player of the era.
Always thought that more of Jean-Robert Bellande. Swear he was on tilt at all times. Never know what that much $ to someone
gus was amazing, but i guess his crazy style just didnt work online.
I Remember his Poker Superstars run where he just started going all in blind
Gus fucking went all in constantly with 4 5 off suit couldn't have happened to a bigger donkey
@@adamirishconundrum851 he must have been doing something right. He was one of the most dominant players of his time. Obviously would never work in this gto era though.
How is it shocking? They are gamblers that bet big and lose big. This is typical of gamblers period not just poker players!
Most poker pros don't lose their money though because they are professionals. So yeah, when a PRO loses as much as they earned, it's certainly shocking.
Drug and/or gambling addiction was basically a massive contributing factor for most on this list.
I've watched both Gus and Scotty live. Scotty's issues were non-poker and required life changes.
Gus's were basic game adjustment. He took way too long to adjust to range analysis. Once he made those changes in his game, he should have been able to recover.
I saw gus win 3.2m FT in three days. He did make poor table selections most of the time
Most every player is a loser. Buy stock in the casino if you want to be a winner in life.
@@robertkauffman8137 that only applies for games against the casino. Games against other players, like poker, you can make a living if you're good at it
@Agent 39 The house is making money, Most gamblers are losing and depressed.
@@jamalnasir5648 you can make a living yes, but the statement is true. The only way someone can win millions in a big events is if thousands upon thousands lose, hell the big even for last years WSOP only the top 15% actually made money so for every 20 people playing only 3 made money. So yeah most every player is a loser.
Scotty N has been going broke all his life playing poker. Any one that knows his story knows all about his ups and downs. Still love Scotty but he rides high too often.
He's the true definition of a gambler. You don't see many high level players like him take those kinds of risks. What I love about him is that his reckless style makes him hard to read but he's so good at reading the other guy and I recall quite a few times he called the exact hand the other player had in a similar manner to Daniel
Scotty N noticed that I was star struck when I encountered him in the Rio lobby in Vegas for the WSOP...Scotty approached me...patted me on the shoulder and wished me,"Good Lucky Baby"....haha...priceless! A really nice guy.
@@emanuelmartinez7267 .Yes, the general consensus has been. He took to much risk. When we compare him to someone like Phil ivy, the different in the amount of risk taken is massive
@@joelstatosky1817 well Phil is basically a robot programmed for poker lol. He plays poker the "right way" with very few risks
@@emanuelmartinez7267 . Yeah very true, but with proper risk management and playing with an amount of money you are willing to lose it should be fine as a recreational activity and if you get really could play a couple tournaments and even go pro and do it full time
What movie were the beginning clips from? Thanks...
A lot of players weren't as good as people thought, they were loose aggressive and had very high deviance and ran insanely hot as some will when you have a large number of loose aggro players. They then fall to earth as the variance goes the other way and they play too high and have too big egos to go down in stakes. Others had or developed serious substance issues. Or they just hit seriously unlucky streaks.
As being a friend of one of the pioneers in the super aggro style (Chad Lilholdem Batista), I agree with you for the most part. The thing is that style was fine online, where you can play several tournaments not only at the same time, but one after another as well. If you put a steamroller into a bunch of tournaments, he is going to crush a few, and loose a lot. The thing is 1 win = 100s of losses in bigger fields. Now lock then into the old school 1 bullet and that's it, they don't have the option to open another 5 screens.
I would also argue that up until right around the poker boom extremely aggressive play was generally optimal play. This is the underlying message of Brunson's Super System. In Super System you play extremely aggressively stealing pots until the amateur player finally finds a hand and takes a stand. The catch is by that point the aggressive pro is playing the pot with mostly the amateurs (stolen) money and, while behind, still usually has a 40% chance to win the pot.
The poker boom also coincides with wide spread internet and, while the fish are plentiful, they also can check the odds which more or less eliminates Super System as a go to strategy for winning at Poker. In effect loose aggressive was the best strategy right up until, one day, it wasn't because even the relative amateurs ceased being super tight players.
That was certainly my experience with the game. Back in my pup days before the poker boom in Uni all our poker games (and mine as well) was pretty much a bunch of tight players playing each other - a pro would have eaten us all for lunch. After the poker boom and the explosion of books that where a part of it, I was still pretty much a fish but now I was a fish that had read a bunch of poker books and had learned to adjust my game to deal with a loose aggressive player trying to constantly steal from me.
its called gambling
What's the story? Bill Gates meets Doyle Brunson. Gates is playing low stakes cash game 1/2 dollar blinds
Gates-Can I get an autograph of your book Super System?
Brunson-If you play higher stakes with me
Gates-I'm too rich, not worth my time. Gates supposedly makes $150 dollars per SECOND 24/7 all year long.
Damn super baller Gates making the high stakes gamblers look like Zynga players
“.. you know, for me, the action IS the juice!..In in!” -Tom Seizmore , Heat
One thing you NEVER hear about a Pro Gambler.....He retired at 60 (and never gambled again) with $5 Million in investments and lived the good life for another 30 years with his wife until he died of Old Age.
Who you talking about tho
Not sure if you said Gus Hansen but as he is in the thumbnail I'm gonna assume that you did. He isn't broke. The guy plays for millions and millions playing backgammon, he is potentially the number 1 backgammon player in the world.
Win your money gambling, lose it by gambling. Some don’t appreciate money enough to use it properly.
Thought I was watching the Sopranos....lol.... then the penny dropped
Archie Karras was such a legend.
The general consensus is that these players took a massive amount of risk or had outside elements affecting their play. If you play poker you must be aware of these and how they apply to you, and if you can't you shouldn't play at all
Sounds like they problem with most of them is they start gambling on games of pure chance, sport betting and horses and dice and whatnot. Poker probably became like a job to them so for excitement they started playing games that are designed to steal your money.
@@Harkness78 What good is poker skill, if all you do is gamble like a degenerate? Replace poker with investing, business, or any high paying career. If all you do is blow your money on bad games like casino games, then it doesn't matter how good you are at anything.
The best poker players aren't famous
Golden rule of gambling: "quit while you are ahead"
@@woodforthetrees3496 it seems to me more like an addiction than anything else.
I seen gus and SS coming from Bobby's room his had a rack with the American flag chips . 0ver 20 years ago gus said something I always remember "it takes balls to risk it all".
poker pros going broke ... bah da bah bah bah I'm lovin it
The prince figured it out and now he’s a happy man.
Is there any videos or even any history of poker players dying old and rich???
Doyle Brunson will be
Gus Hansen has always been a mystery to me. Calm and in control, I've never seen him get out line at the tables, emotionally speaking. Well at least that's what he projects on the outside. I'm not surprised by his laid-back attitude.
Completely agree.
I agree as well and yet I won't believe that he did not tilt at all losing 17m...
Maybe we should redefine the status of a poker pro. In my book a poker pro doesn't lose all their money playing poker.
Stay away from any form of Casino gambling. Buy your average lottery tickets occasionally, and hope for the best. I've seen the high's and low's of people gambling, in my life as a Casino dealer, and let me tell you, that at the end, almost everyone is a loser, sad and true.
I remember watching Gus Hansen playing live on fult tilt. He was just coinfliping all-in non stop with other rich dudes.
I saw that too. $30k flips.
If only I had of been at those racetracks to pick winners for Stu. I made a living at the racetracks around the world.
Alot of the big name pros from the early 2000's went broke and had people staking them.Hell,basck around 2000 or 2001 my buddy Scott got heads up with John Juanda at the 5k Jack Binion world poker open on ESPN and cashes for like 150k and was broke playing 1/2 NLH within a couple years and from about 2005-2011 I was taking him to tournaments and cash games with me and backing him and he's a solid player that made me money and taught me alot about the game but he just had terrible money management skills.
Moral of this story , If you are good at poker then stay away from the dice .
When they are gambling it’s not real money 💰 it’s all part of their addiction
I believe the biggest shift in poker came when ranges became everything. During the NL Holdem boom in the early 2000s poker was a much different and simpler game.
Some pros were able to adjust, some weren’t.
True story. Gone are the days of Cowboys figuring out what eachother had by the glint in their eye lol.
Although it's still not terribly difficult to grasp, especially if you have a wealth of experience. My guess is that for many players it's less of a matter of capability and more a lack of willingness to change.
The rules haven't changed, the game is just as simple now as it was when it was invented.
Very few ever truly come out on top when gambling, most end up addicted and they lose everything they own to play again & again
Stu Ungar - not only best poker player but best card player of all time.
Only person I have seen that burned his nose off with cocaine couldn't happen to a better guy.
I don't know. There was a lot of talk that he was cheating.
The way I see it is that unless you’re a savant, you’re not going to get rich playing poker. At a certain stakes, you’ll be playing people that you have no advantage against, so you’ll just be swapping money. At lower stakes, you can grind out a decent living, but it’s not gonna be fun or glamorous.
Phil Ivey
i agree with this. I don't think the pros on tv make that much money playing the millions dollars games we saw. It's mostly for sponsorship and fame. They make money from playing against worse players either online or at lower buy in events that don't get televised.
I am pretty sure that Tom Dwan and Ivey went broke too and a lot of other famous "pros" arent winning players anymore, they play tournaments because they get sponsored by for example GGPoker.
When i saw Chris Moltisanti i almost died 🤣🤣
I got slated for daring to express concern about the amounts of money DN was gambling at the recent WSOP. It was pointed out to me that professionals don’t lose everything, they are too smart! At the end of the day, they are gamblers and are as vulnerable as the next person.
@Duncan Donut Donut Daniel Negreanu
So...the moral of the story is don’t play dice..got it
For real. Like they're all making money playing against each other and then have the bright idea to play against the house. You'll never beat the house.
Haha, super geniuses who can understand/master ranges, opponent tendencies, and equities, but choose lose their earnings on pure luck games
@@lovelylemonfactorycool?
@@nickh4676 that's the problem with gambling abuse. People start to act irrational because they are simply too addicted. Its sad.
@@totalhysteria yep, gambling is an addiction/sickness. The taste for high stakes poker can only be beat by higher stakes which no longer has strategy
I fully agree with the title except the word shockingly.
No Matusow huh? hes gone broke more times than any pro poker player.
Matusow going broke isn't shocking at all.
You have to have a lot of money to go broke, don't think he was ever super rich.
He was never a good poker player :)
Wow, didn't know that about Gus Hansen & Scotty Nguyen
Jesse Busman I am not really sure how they define broke. I seen Gus at Bellagio last year at the high stakes table and he had a whole lot of chips in front of him.
@@thecwhitt456 looks can be deceiving. Just because someone has a lot of money in front doesn't mean it's actually theirs
wow u are shocked Gus Hansen went broke?... Didn't u see the way he played? That's one dude Phil Hellmuth was right about. He literally said on a Poker show playing against Hansen "This guy wont be around in 10 years" and he was dead right lol literally.
@@TheGreat1Four20 you know whose another poker player that's kinda shady Tom Dwan. I can definitely see him being in debt hugely
@@jasonsmith1288 True however I do think Dwan is a better high stakes cash game player than Hansen. Hansen back in the day had some unreal run good and when that stopped he literally lost everything.
Haven't watched yet but hopefully it includes ivey, negreanu and just abt everyone
They forgot about TJ Cloutier, a holdem legend that would lose nearly all his winnings to craps. Even his WSOP bracelet ended up in a pawn shop.
LOL - I was at Bellagio 20 years ago and saw TJ Cloutier was at the craps table (HUGE guy) and he looked upset. An hour later, he was right in front of me at the cashier - he was getting more money (thru a marker or check or whatever) and as he left, the cashier said "Have a nice day Mr. Cloutier" and he responded "It's a little God Damn late for that but thanks!" and walked away all grumpy..lol - I saw him back at the craps table 5 min later.
@@chicagomike4587 degenerate gamblers are such tragic figures.
How are you spelling Nguyen?
When I watched the Gus Hanson Went Broke Video, Stuey was the first guy I thought about.
Chino Reem seems to fullfilled all his depths since all the big Pokerstars again interact pretty friendly with him
Some players, pros even, won't play no limit hold 'em -- they can't handle the swings.
That's innacurate. NLHE is a lot less high-variance than the limit games. The games with the highest variance are deuce-to-seven triple-draw, ace-to-five triple-draw, seven stud high, limit hold 'em, razz, limit omaha high, and badugi. Pro bankrolls take much larger swings playing in these games. I know it's counter intuitive, but it's true. Gus, e.g., didn't go broke playing NLHE.
William IV I don’t think you got the joke bud
@@jakehood47 does the word swing mean something else? How is it supposed to be funny?
Alot of videos of players winners is just them deep signing lol it's never like "OMG I WON YAY!" the lifestyle just looks so beat & grind
How many times have Matusow, Forest gone broke? Even Doyle Brunson tells the story about going broke and not being ablate afford a bus ticket to Texas. And what about Viktor Blom?
Mike does podcasts. He lost 7m sports betting. Fortunately he's quit sports betting
@Duncan Donut Donut he said 2million and he will be good. He owed owed an owed.
I have known many famous poker players in my lifetime, the only ones that are still relevant or are doing well financially are the ones that invested some of there winnings into properties or stocks. The rest are all broke. Exception to the very small % that are still winners to this day
Just about all of them are either broke or in debt. Very few can survive gambling for a living. A small percentage do. I was always amazed that top poker pros win a ton of money at the table only to lose it at the sports books, prop bets or shooting dice. I never understood that.
great video!!
If you don't mind,could I edit this video with Japanese subs, and upload in my channel?
I am sorry bro but that would be a copyright infringement.
I didn’t know this about Lundgren and Chino wow
It's not surprising to me. In my mind, there are hardly any pros. There are some lucky big-time winners and some hard working grinders. But most of the big names were always rich kids who push money back and forth and creating surplus mostly by TV-money, sponsorship and maybe taking out a rich fish from time to time.
To this day my favorite player to watch is Tom Dwan. The guy is dangerous on the felt no doubt about it.
Jamie Gold should have been on this list.
I thought he was gonna be #1 LoL
So does Dan Bilzerian
The title says 'shockingly' went broke.
Gold still plays. He's been on LatB and you can catch him at some PA casinos still playing mid-to-high stakes.
Chino was a great player before getting into drugs. Played on a table with him once and he very well that day. If you gamble long enough, eventually your luck will run out.
I don’t believe some of these players being broke ! Especially Scotty Nguyen
Scotty net worth is 12 million
Ok guy let all get it real here. Why do new casinos keep opening because they know that 50%-60%of people have problems with gambling
It's not really shocking if a poker player goes broke. They gamble for a living. They could lose their net worth on any given day. Doyle Brunson once suggested he went broke hundreds of times in his life. The best way to make money in a casino is to be employed there.
Getting good at poker is the mask I used for my insecurities for most of my adult life knowing that about why I was doing what I was doing helped me beat those that were unable to examine their existence as I did.
Jesus buddy. Main character complex much?
Stu Unger never went broke.. he just snorted it all in... Archie karas is an example of someone going broke
"the casino had to buy back their chips'? They do that every day-it is called cashing out!
No because he kept them all and don't cash them out
no, you dont understand, he won so much that he had EVERY 5,000.00 binions chip in his safety deposit box, to avoid having to print more chips, they paid him cash for the chips.......then he lost it all back to them................
@@samiam7342 eee wrong, they actually made a 25k chip after that
Shockingly? Many of them are gambling addicts so not shocking at all
Moneymaker should be on here. He went busted soon after his big win
William Evins I didn't know he was broke.
Moneymaker went broke at least twice. He's a mid-stakes player now who makes most of his money showing up to tournaments who pay him to use his name (e.g., "The Moneymaker Classic").
@@WILLIAMCHANEL I figured that's what happened to all of them. I haven't heard from Annie Duke Howard Lederer Eric Eric Lindgren in a long time
Jason Smith well they’re a little different because their involvement in the Full Tilt and Ultimate Bet scandals. Lederer and his sister Duke, especially, are generally persona non grata in the poker world because so many people got ripped off when FT and UB were found out to be insolvent and couldn’t pay back player funds. People were less angry with Lingren for that, but then he borrowed tons of money from people and didn’t pay it back, so he’s a Chino, too.
@@WILLIAMCHANEL Its funny you mention persona non grata. I figured that's what happened to Chris Ferguson as well. I don't hear from Jennifer Harmon anymore either
I think it’s funny and nonsensical when people think they know poker. The fact is this: you can play “right” or “by the book” 100% of the time and still lose 80% of the time. You can bet when ahead and still lose most of the time. That’s a fact. Luck is a way bigger factor than anyone wants to admit.
Died alone? We all gonna die alone...
Nah. I'm gonna die like my grandpa, asleep. Not screaming like his passengers.
There are very few professional poker players......the majority are poker losers. I live in Vegas.....I can tell you a hundred stories about people coming here and thinking they can make a living as a "professional" poker player.
They're selling a Dream, Ron. What the people in the industry don't tell you is that most Pros are floating on sponsorships, meaning that they only pay 10% of their tourney buy-ins. They get to keep the entire win so they are constantly hoping for a big score. Unless you have backing or a crew behind you to coach and pool buy-ins, etc. you are facing long odds if you think you can go it all by yourself.
Scotty is rich again. He backed matusow in 05 main event
You think one good stake could last 15 years?
@@zizoumonk10 he won 2012 50k horse remember when he was drink. Cocktail where's my fing cocktail
@@ellveeentertainment8875 yeah, well. he lost the HORSE money a long time ago.
Why win a ton on a game where you have an advantage and then choose to play a game where you don't?
Lol. My Aunt once dated Gus Hanson. She actually met her husband (another poker player) through him.
I was waiting to hear some story about Jamie Gold
Don't do, you know, the sports betting stuff 🙄
Mike Matusow net worth is apparently $8 million?
But his interview with Polk states hes $500,000 in debt.
The illusion of wealth
Shocked that a poker player wood go broke
I thought I was gonna see durrrr on the list lol
i remember when full tilt was around.
i used to watch gus hansen and phil ivey go heads up with 250k
hansen would blow it all in a few hands, buy in another 250k, buy in again, it was nuts
Obligatory fuck Chris Ferguson comment
FTP was a pyramid scheme obv
Gus Hansen never went broke, he lost alot of his money but never cleaned out.
@ a lot
Gus Hansen got even his own poker room that it was best software in my opinion in this time
good vid sa always. there is some low end rumble from pops, so HP at 70hz for headroom