February 11, 2011

Million Dollar Bet Thoughts

By now most of you reading this blog are familiar with the DogisHead-Ashman prop bet as chronicled by Haseeb in his blog. For those that have missed it the link to part 1 under this paragraph. It's a very well written piece and someone on 2+2 said you could probably even make a movie out of it. I wouldn't doubt it.

http://www.cardrunners.com/blog/internetpokers/the-million-dollar-bet-pt-1

Before my thoughts on this, let me just say this. I'm still close with many of my friends from high school. We all have our faults, but if there's one word to describe us as a group, I'd say it's "loyal". It's something I've tried to carry over to any friendship whether it be real life or poker friends. I would never be able to bet against someone that I considered a friend for that amount of money. It's one thing to say "I'll give you 2-1 on $20 that you can't chug that drink in 5 seconds." That's fun, everyone generally cheers it on and it's a good time.

When I read the terms of that bet, I was stunned. Not really with how hard it was to run 70 miles in 24 hours. I don't run long distances but someone in as good of shape as Ashton had a pretty good idea he could do as shown by him laying odds and continuing to make them worse until someone accepted. I was more shocked at how Haseeb accepted the bet and then justified it by saying "Ashton was going to do it anyways, so I may as well take the action." Firstly, if he thought there was a decent chance he could do it he wouldn't have made the bet. He states how Ashton has made a lot of dumb prop bets that he's had no action on. I think he saw this as his chance to cash in. Obviously this is just my opinion and I could be dead wrong with what he was thinking.

As a friend of someone, I could never do it. Forget the possible health risks, that much money is going one way or another is risking a friendship.. Then, just when I think the insanity is done I read the second part in which the stakes get jacked up from 70k-210k to 300k-900k. Again Haseeb's reasoning was he's going to sell the action one way or another, may as well take it. Of course this was after he did some research and talked with friends telling him he was a big favorite in this bet. If some of his friends told him there's a pretty good chance he could do it, I doubt he adds the extra 230k to the bet.

I think one word sum's it up for him in this bet, greed. My thoughts are that he saw this as an easy way to make 900k and thought there was very little chance he could lose. If you're read the story, you know all the problems that follow. Honestly, I can't blame Ashton's Mom for reacting like she did, pretty sure my Mom would react the same way. In the end, I'm glad everything turned out about as well as it could've. It really is a compelling tale.

One more thing I wanted to add. Part of the poker culture that bothers me is the immaturity of poker players. To me, it's very easy to tell which ones have gone to college and which ones haven't. There are obviously exceptions to the rules as I can think of a couple right off the top of my head. I know for me, my greatest growth as a person came my freshman year of college. I know if I devoted 100% of the time to poker, made a bunch of money, and lived a lifestyle that involved dropping out and becoming a poker pro I would struggle with many things I otherwise take for granted.

The poker culture is one I won't be involved in for too much longer, but I'll end this blog post with this thought. The majority of poker players are generally 18-21 year olds. People in this age bracket do a lot of dumb things. In general, it'll be laughed off in the future and the story will be ended with "Man I can't believe how dumb we were" however that's generally for something minor. Whether it was a dumb drunk mistake, a problem in school, etc. Often times, a young kid doesn't realize how moronic their actions were until years later and they laugh it off right after they did it.

However in poker, especially with the successful 16-21 year olds. Often time their mistakes have ramifications of over $100,000. Then when called out on it, they make typical teenage excuses. The types of things I hear from the young kids I coach. The only problem is when dealing with sums of money that large it doesn't work. My first time seeing this in action was when JJ Prodigy got caught multi-accounting in tournaments. I can't wait for the day a young poker player gets outed for doing something immoral and they say "You know what, it was a stupid mistake, I messed up. I'm sorry, it won't happen again." and then deal with the ramifications.

I'll end it with a quote I heard a while ago that's stuck with me, "The tough decision is usually the right one".

--------------------------------

"We will all at some time in our lives, fall. Life is so very fragile, we are all vulnerable and we will all at some point in our lives... fall. We will all fall. We must carry this in our hearts, that what we have is special, that it can be taken from us and that when it is taken from us, we will be tested. We will be tested to our very souls. We will all be tested. It is these times, it is this pain, that allows us to look inside ourselves."-Eric Taylor (Friday Night Lights)

Posted By bosoxx34 at 02:46 AM

13 Comments

13 Comments:

TecmoSuperBowl posted on February 11, 2011 at 03:06 AM

Tsbbadugi

Good stuff as always. It's funny how you can usually tell pretty quickly who went to college and who didnt in this community :). Not that it is a requirement for maturity by any means, but you just kind of know.


Entity posted on February 11, 2011 at 19:05 PM

Llama

Tecmo, your mom went to college.


TecmoSuperBowl posted on February 11, 2011 at 19:45 PM

Tsbbadugi

lol, glad to see the comments are now showing properly!


jk3a posted on February 11, 2011 at 20:48 PM

Incubus2_avatarfinal

Tecmo, your mom went to college.


Psychobingo posted on February 21, 2011 at 02:39 AM

Metallica

Good read.


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