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The Gamblers Den

Absolutely Fascinating

This is the place to discuss sports handicapping, poker, and other forms of gambling.

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Absolutely Fascinating

Unread postby mattvan1 » Mon Sep 22, 2008 7:25 am

http://www.ft.com/cms/s/0/b5a0b48c-838d-11dd-907e-000077b07658.html?nclick_check=1

Published in the Financial Times Weekend Magazine. Hedge fund managers bankroll on line poker players as part of their firms business model.

Smith’s view now is that the best-performing poker players offer a better return on risk than those dealing in futures. But in percentage terms, the pay-out to a successful poker player is much higher than it is to a trader. Once a player makes $100,000, his split with BadBeat rises to 70/30 in the player’s favour. The best BadBeat player will make between $2m and $3m this year for himself. That means he is also raking in profit for BadBeat – and that BadBeat wants to retain him.


http://www.badbeat.com/Ease/ContentServer;jsessionid=fhylotqh12?siteID=1867&categoryID=1464
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