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jul
28

2017 WSOP Main Event winnerís friends now $40K richer from $60 investment

Tags: 2017 WSOP, Scott Blumstein, staking.
Posted on Friday, July 28, 2017 by "T".

The 2017 WSOP Main Event winner Scott Blumstein actually isn't the only man benefiting from the deuce on the river that took out Dan Ott on the final hand of poker's biggest tournament of the year. The world poker champion won for each of his four friends $40,750 out of the $8,150,000 he won, their massive reward for investing a tiny $60 a piece to support his $10,000 buy-in to the tournament.

Aldo Boscia, John Scuteri, Peter Gerolamo and Nick Muldrow each gave Blumstein $60. Gerolamo said, "I knew when he was in the top 36, we had each made $1,000."

According to one of his friends Aldo Boscia, of course, Blumstein really had no need for the $240 his friends gave him, but he wanted them to sweat it out with him.

When Blumstein made it to the final table and was guaranteed $1 million already, his friends flew from Philadelphia to show their support and accompany him in Las Vegas, wearing "Team Blumstein Final Table ‘17" shirts. They watched him along the sides, hour after hour of poker play, and eventually coming out on top.

BlumsteinBoscia, who claimed that the money Blumstein made is life-changing for him, said, "We know he is exhausted, but we are too. I just have a normal 9-to-5 job. I have student loans. I can now make a down payment on a house."

Other than Blumstein and his supportive friends, there were some other bigger winners in this outcome. One of them was Asher Conniff, who bought 3 percent of Blumstein's winnings for just $420. He is now walking away with $244,500.

Conniff said, "Not a bad day at the office. Especially since I didn't work for it." Conniff is actually a poker pro, who when he was 26 years old won the WPT World Championship in 2015 and the $1,600 buy-in turned out to be a $937,683 prize. Conniff said, "No one is prepared for the amount of pressure that comes with the final table. Some of the moves he made proved he had the balls of a champion."

You can't beat this ROI
It is absolutely common for poker players to sell off some action to help them afford the buy-in amount to get into prestigious tournaments like the yearly WSOP Main Event. By doing this, it takes out some of the risks and aids in offsetting the high variance of poker tournaments. Blumstein is no exception, and as this is his first time playing in any high-stakes world series event, he sold off additional pieces of action a few weeks before the tournament even started. His lips are sealed when it comes to exactly how much he sold.

Blumstein said, "My dad sold a half a percent to the owner of a bagel shop. A friend of my grandfather's, who is 93 and plays poker, had two percent."

On June 21, he tried to sell more action on Twitter "Selling to the WSOP main event. If anyone wants a piece of the winner side right on in", but no one obliged. Surely those who saw and remembered that ad of his but passed it off would be regretting it now.

Reliving that Memorable Moment of a Lifetime
On July 20, Blumstein began the final table of the Main Event with a bit of a chip lead over 64-year-old British John Hesp who is also his first time ever to enter the WSOP Main Event. The kid from New Jersey apparently also had a cheering squad, including friends who have financially invested (started just for fun) in the outcome of his poker escapade.

On the first 3 days of the final table, Blumstein managed to best Hesp in some parts, leaving the British senior with a smaller stack in the end. On to the next 2 days, it was smooth sailing for Blumstein.

The heads-up match between him and Pennslvania's Ott had lasted 60 hands.

Blumstein emerged victorious and he ran over to celebrate winning a humongous $8,150,000 with his friends. His friends were very ecstatic, as they too have won big as well.

No Regrets
Blumstein said he has no regrets about the people he partnered with and he will accordingly give the money they are due when he receives his cash prize.
He said, "The truth is that a bunch of guys who had small stakes in me helped me the most at the end, when I needed support, when I needed to be driven places. I can say pretty confidently that without their support, I might not have won it all."

Source: https://www.highstakesdb.com/8033-scott-blumsteins-four-pals-turn-60-into-40750-each.aspx

 


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18 comments for "2017 WSOP Main Event winnerís friends now $40K richer from $60 investment"

 waoz7/28/2017 12:48:58 PM GMT
Wow ... eso si es un amigo ... fue mucho mejor de USD $ 60 que haya echo en su vida .. felicidades a los 4 fantasticos. Jejeje

------------
Wow ... that if it is a friend ... it was much the best bet of USD $ 60 that I have done in his life .. congratulations to the 4 fantastic ones. Jejeje
 av19667/28/2017 3:48:44 PM GMT
Hello my friends and fellow mobsters

This is a major return on a small investment Thumbs Up Thumbs Up Thumbs Up only wish that my investments have the same return ,half of the return will be already nice Thumbs Up Thumbs Up

The friends show support to their buddy and they got the reward or there where trying to win back the money that he won from them in home games Big Smile Big Smile Big Smile

In this case everybody is happy and that`s what really matter
 Calmplay7/28/2017 5:13:16 PM GMT
Well they had huge trust that he could make big money and they got rewarded much morethe maximum to be precised, even if I could afford to spend $60 like I'm buying some candies at the candy store I would not invest even in Negreanu or Ivey in such huge field event....


 pajalnick7/28/2017 5:35:39 PM GMT
Of course it's very nice when the person you've invested in just $ 60 brings you a good profit ... but it's certainly very risky and then you need to be either a friend of this person or very believe in his victory
 Tony_MON7ANA7/28/2017 7:48:42 PM GMT
Wow! What an incredible return on such a small investment!
Massive congratulations go out to all the winners and their financial backers involved in the 2017 WSOP event. Good luck to all aspiring poker players next year!
 Mober7/28/2017 8:42:30 PM GMT
A 60 dollars bet, or support, or share Smile that can bring you a small fortune.
And of course when you have someone you know, that is going to play in wsop,
you are doing this exactly. You buy a share if you can. You never know the outcome.
Plus the thrill is even bigger, for that person to win Smile
 CALICUL7/28/2017 10:24:08 PM GMT
I should move in vegas can enroll in a tournament and I will be able to win a nice amount of money.
I see that many who earn nice money and not all are professional poker players. I hope it's not just a marketing strategy to trick the world to do buy in for many tourneys. I hope these amateur are really amateurs like Grandpa John Hesp.
 rv7/28/2017 11:20:43 PM GMT
Hi, this is your friend. Where's my 40k?
 doubletop7777/29/2017 7:10:26 AM GMT
I wish i could have bought in on this action!!! It must have been a tremendous sensation to watch this guy going further and further in the tournament and trying to work out your percentage along the way
 pochui7/29/2017 8:42:45 AM GMT
cool story dudes, invest a $60 in your friends action just to really support him as a friend more than expecting any real return and out of the blue you get $40K for your generosity. that's what i call a great day in the office.

 dule-vu7/29/2017 12:16:37 PM GMT
well for american people its maybe not too much to invest in friends buy in,but if you try to find in europe,especially eastern europe,that somebody help you with 10K buy in,this would be almost impossible and there are not guarantees that they will get back money!
 Gerimantas7/29/2017 3:17:45 PM GMT
Yes me too would like to be this guy who helped him and make 40,000 from 60 investment. But it only sounds good niw after we know the results, and before the tournament start i don't think this was a good investment because there are many very good players in the tournament
 Robbo19907/29/2017 4:27:37 PM GMT
so blumstein gets even less now


Before Tax
After Tax

1 Scott Blumstein
$8,150,000
$4,310,571
USA
2 Daniel Ott
$4,700,000
$2,600,194
USA
3 Benjamin Pollak
$3,500,000
$3,500,000
France
4 John Hesp
$2,600,000
$2,600,000
UK
5 Antoine Saout
$2,000,000
$2,000,000
France
6 Bryan Piccioli
$1,675,000
$791,023
USA
7 Damian Salas
$1,425,000
$997,500
Argentina
8 Jack Sinclair
$1,200,000
$1,200,000
UK
9 Ben Lamb
$1,000,000
$597,517
USA

Uk doesnt tax winnings from poker and have a tax treaty with the USA unlike Argentina .... the two frenchman live in London
 pajalnick7/29/2017 5:42:00 PM GMT
Posted by Robbo1990:
so blumstein gets even less now


Before Tax
After Tax

1 Scott Blumstein
$8,150,000
$4,310,571
USA
2 Daniel Ott
$4,700,000
$2,600,194
USA
3 Benjamin Pollak
$3,500,000
$3,500,000
France
4 John Hesp
$2,600,000
$2,600,000
UK
5 Antoine Saout
$2,000,000
$2,000,000
France
6 Bryan Piccioli
$1,675,000
$791,023
USA
7 Damian Salas
$1,425,000
$997,500
Argentina
8 Jack Sinclair
$1,200,000
$1,200,000
UK
9 Ben Lamb
$1,000,000
$597,517
USA

Uk doesnt tax winnings from poker and have a tax treaty with the USA unlike Argentina .... the two frenchman live in London

Wow .... being an American citizen and playing poker is not very profitable ... the player who took third place received a bigger prize than the player who finished second ... this leads to thoughts about changing citizenship))
 Mober7/29/2017 9:03:45 PM GMT
I had no idea that the winning can be that bad after the tax.
pajal is right about that..
The one who finished first ended up with more money than the second.
And the first one, got his winnings almost in half.
 Robbo19907/30/2017 3:06:13 AM GMT
yeah OTT got screwed a little bit more because of the state ... and picolli is a 'pro poker player' as his profession so gets screwed a lil bit more as well....the state and the govt both tax the earnings for americans

this would be why many live overseas (or say they do) to avoid such taxs
 DaCapo717/31/2017 7:48:14 AM GMT
That´s really a amazing ROI to get 40k with a investment of 60$. But it was nice to see that not only one person have a reason for a big Party Blink And that he share a little piece of his big winning are really nice for his friends.

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