“Black Friday Price Me $186 Million” Claims Mike Matusow
In an upcoming episode of The Orbit, the poker panel present hosted by Cardplayer Way of life founder Robbie Strazynski, four-time WSOP bracelet winner Mike Matusow revealed that Black Friday value him extra than simply the bankroll he had on Full Tilt.
To commemorate the tenth anniversary of Black Friday, “The Mouth”, as he’s affectionately recognized, was joined by three different panellists to debate that fateful day and the way it affected their space of the poker trade.
Orbit Episode 10 Panellists
- Blair Hinkle – poker professional; WSOP bracelet and 4x WSOP Circuit ring winner
- Eric Hollreiser – former PokerStars govt
- Mike Matusow – 4x WSOP bracelet winner and former Full Tilt Sponsored Professional
- Steve Ruddock – Gaming Regulation Evaluate Editor in Chief; BettingUSA.com Content material Director
Panel Reminisces on Black Friday
The 4 gamers together with Strazynski began off reminiscing in regards to the occasions of that fateful day.
“I can not consider it has been 10 years,” mentioned Matusow. “I take into consideration the scars day by day. To me, it looks like yesterday.”
Ruddock mentioned that the world of poker media acquired “flipped the other way up” following Black Friday.
“It was actually an fascinating time to cowl the trade […] you could not fall again in your data solely of poker, I needed to actually put money into my data of legislative offers, regulation and all that stuff.”
By way of worlds flipping the other way up, that was what occurred to the world of Eric Hollreiser who had solely simply joined PokerStars.
“Black Friday was simply 24 hours of depth,” he mentioned. “The managers and house owners of PokerStars had been in existential disaster time and only a swirl of telephone calls.
“As an govt, crises offer you an opportunity to indicate your value. However for the subsequent 24 months all the things we did was about Black Friday and its ramifications.”
Hinkle Cautious of Unregulated US On-line Poker Websites
Probably the most private story of the episode got here from Blair Hinkle who was a high-profile sufferer of Black Friday. In February 2011, Hinkle received $1.1m on Full Tilt, with that cash frozen two months later because of Black Friday. It wasn’t till 2012 that the cash was returned to him.
“Black Friday affected all of us,” mentioned Hinkle. “It is an expertise that we will all be taught and develop from. I’ve undoubtedly change into stronger emotionally afterwards, however receiving that cash again was probably the greatest days of my life.
Hinkle additionally had some phrases of warning for these enjoying on-line in the US presently, saying that he was “very sceptical” about websites presently working in unregulated states.
“I preserve little or no cash on the websites, so if I win any cash I withdraw it instantly. I’d love if we may get these regulated authorized websites again within the US.”
Remember to tune in to the The Orbit Further with Daniel Negreanu and James Dempsey at 19:00 BST/11:00 PT on April 15. They are going to be taking questions from the viewers and reacting to the episode
The star of the episode undoubtedly was Matusow, who by no means kept away from elaborating on his time as a Full Tilt Professional. Nonetheless, he very practically grew to become a PokerStars Professional, solely opting to go for Full Tilt having been shut buddies with Howard Lederer, Erik Seidel and John Juanda
“The largest mistake I ever made was not going with PokerStars. [Howard, Erik and John] took super benefit of me. I trusted them and I consider what they needed to say and that they’d my finest pursuits. Because it turns they actually did not. “
Learn Extra: The Lederer Recordsdata on PokerNews
Filming Late Night time Poker
Matusow says that Black Friday caught out to him as a result of he was as a result of journey to London the next day to movie episodes of Late Night time Poker. After Lederer insisted it was nonetheless on, Matusow flew to London and filmed two episodes.
The next day manufacturing shut down.
“I requested why,” mentioned Matusow. “And so they instructed me the verify bounced. A $1.1m verify. From an organization that rakes $2.5m day by day.
“I had no concept they’d no cash in any respect ultimately. These motherfuckers.”
Turning into “Penniless” After Black Friday
One other subject that the panel mentioned was how Black Friday has modified and any classes they’ve realized from it. Once more, Matusow’s response was probably the most empassioned.
With the $400k on Full Tilt frozen, Matusow says that following Black Friday he grew to become penniless in a single day, however that ten years on issues have modified.
“Now I’ve respect for cash. $1,000 was like a $1 to me. However now I’m wondering how I used to be ever like that; I’m wondering how I may dwell like that. $1,000 appears like lots to me now and that is made me a greater particular person.
Matusow and Bitcoin
One of many craziest revelations from Matusow was his potential involvement in a bitcoin poker web site referred to as ‘Get Fortunate Poker’.
Matusow mentioned that in 2012 he had $10,000 value of bitcoin at $27 a coin however following threats from the poker group over his potential involvement in “one other” Ponzi scheme, he bought all the things and took the loss.
“Any manner that $10,000 in bitcoin could be value $186 million right now. Who is aware of what I’d do if I had been to have had $100m perhaps I would have gone again to doing medicine. I may need ended up useless!”
Editor’s word: In keeping with present costs (April 14) Matusow’s bitcoin would solely be value approx. $23.6 million
On Episode #10 of #TheOrbit we’ll mark 10 years since Black Friday along with @blur5f6, @erichollreiser,… https://t.co/Sdl3wtXjaD