Hellmuth raked by pros over Charging WSOP Investors 1.8 Markup
Quote:
The Poker Brat posted an ad on YouStake, a poker staking platform, seeking a 30 percent investment in Event #2, $10,000 No-Limit Hold’em Super Turbo Bounty. Poker staking is common especially at the high stakes levels, but Hellmuth’s approach has many questioning his character and intelligence.
Hellmuth is asking for a 1.8 markup from investors on YouStake, which means a $1,000 investment, for example, would cost the buyer $1,800 (18 percent of $10,000) while only returning 10 percent of Phil’s payout if he cashes.
https://www.pokertube.com/article/he...y-in-300k-shrb
Hellmuth has gotten futher shit over the turbo event from various players on twitter as he (as always) showed up fashionably late, blinding off 25% of his stack, then immediately gave up another 60k to Steffen Sontheimer, then call/folded down to 10bb when he was busted out by Reinker Kempe. Of course, all of this was followed by a Hellmuth rant where he said these weren't even the best players, talked crap on the Germans, the best players don't travel the world to play high rollers, called them a fraternity where "these guys play for very little of themselves", and finished with "he was playing at the highest level".
The markup discussion was always a big debate in the poker scene, but this was the first one in a while where people flipped their shit over it, especially after Hellmuth's less than optimal play today. Also LOL to any investor who pays that, but to each his own
