17 replies to this topic

[Damontis]

After watching him get sucked out on High Stakes Poker, it's nice to see him win the WPT L.A. Poker Classic Invitational.

[chrozzo]

Damontis, on Saturday, February 25th, 2006, 5:33 PM, said:

After watching him get sucked out on High Stakes Poker, it's nice to see him win the WPT L.A. Poker Classic Invitational.

Too bad 200 grand is much less than what he normally handles....but a win is a win.....Barry pwns!

[HangukMiguk]

chrozzo, on Saturday, February 25th, 2006, 5:36 PM, said:

Too bad 200 grand is much less than what he normally handles....but a win is a win.....Barry pwns!

Also, you haven't seen him too much in the tournament scene lately by the way of success. Of course, that's explainable by the cash games.But honestly, he is one of the top players no matter what he plays it seems.

[chrozzo]

HangukMiguk, on Saturday, February 25th, 2006, 5:39 PM, said:

Also, you haven't seen him too much in the tournament scene lately by the way of success. Of course, that's explainable by the cash games.But honestly, he is one of the top players no matter what he plays it seems.

Plus he wrote an excellent book.

[HangukMiguk]

chrozzo, on Saturday, February 25th, 2006, 5:42 PM, said:

Plus he wrote an excellent book.

I haven't read it. But someone on AJPoker.com wrote some clilff notes to the book, and I looked through them, and used some of them, and they helped me out.

[BNH77]

Great to see Barry win.

[Suited_Up]

Eh, I have no love for Barry and it doesn't matter much to me that he wins.The charity thing doesn't do it for me either. If I work hard for a million plus, i'm gonna keep that shizznit!Maybe I'm a bad person... who knows. But liquor=yum.

[Kangaroo]

Suited_Up, on Saturday, February 25th, 2006, 6:32 PM, said:

Eh, I have no love for Barry and it doesn't matter much to me that he wins.The charity thing doesn't do it for me either. If I work hard for a million plus, i'm gonna keep that shizznit!Maybe I'm a bad person... who knows. But liquor=yum.

barry wipes his ass with $100 bills he may as well give them away when hes done.

[HangukMiguk]

Here's my thoughts on why he does that:1) He does it because he's realized he has more money now than he could ever need to live off of, and decided to use his talents to make a difference in the world (the reason he says he does it for on TV)2) He does it for a huge tax write-off so he has to pay little or no taxes on cash game winnings/book sales (which we know he doesn't donate)I don't know the reasons for why he gives the money, but at least someone is.But it's absolutely undeniable his talent.

[HurricaneKyle]

Quote

2) He does it for a huge tax write-off so he has to pay little or no taxes on cash game winnings/book sales (which we know he doesn't donate)

Barry explains in Ace on the River that he receives no tax deductions for his donations.

[HangukMiguk]

HurricaneKyle, on Saturday, February 25th, 2006, 8:02 PM, said:

Barry explains in Ace on the River that he receives no tax deductions for his donations.

Once again, thanks for clearing that up.I swear you're just coming along behind me to clear up confusions

[HurricaneKyle]

Quote

I swear you're just coming along behind me to clear up confusions

Hahaha, yeah I guess all your questions are the few things I can actually answer.

[HangukMiguk]

HurricaneKyle, on Saturday, February 25th, 2006, 8:06 PM, said:

Hahaha, yeah I guess all your questions are the few things I can actually answer.

at least we all know our abilities B)

[blueodum]

Greenstein's donations are tax-deductable. But there is a cap of 25% of income for charitable donations that can be written off.From Ace on the River, page 29:"I have seen posts on the Internet insinuating I am doing this for a tax deduction, as if this were an old car whose value I was overstating. Maybe these people don't realize that I have to declare tournament winnings as income before I start making deductions. Actually, the government allows only 25% of one's income to be declared as charity. Consequently, if I don't make any other money, I have to pay taxes on 75% of the tournament winnings even though I have given that money away. I hope to be able to make enough money in the side games so I can deduct all that I give away, but my increased participation in tournaments has limited my side-game play. It is likely that I will have to cut back on my charitable contributions in the future. Otherwise, I will not be able to afford the taxes."BG is a great guy and should be commended for his charitable works. His generosity sets a gold standard for other well-off poker players to emulate should they choose to.

[Fluffdog87]

HangukMiguk, on Saturday, February 25th, 2006, 7:39 PM, said:

Also, you haven't seen him too much in the tournament scene lately by the way of success. Of course, that's explainable by the cash games.But honestly, he is one of the top players no matter what he plays it seems.

2005 4th Annual Five Diamond World Poker ClassicNo-Limit Hold'em Championship Final Day 12/16/05 38 $40,250 2005 4th Annual Five Diamond World Poker ClassicNo-Limit Hold'em Final Day 11/30/05 13 $5,130 2005 Festa al Lago IV's "Doyle Brunson" North American Poker ChampionshipNo-Limit Hold'em Championship Final Day 10/21/05 10 $41,380 2005 4th Annual Ultimatebet.com Poker ClassicNo-Limit Hold'em Championship Day Final Day 10/01/05 9 $30,000 2005 Borgata Poker OpenNo-Limit Hold'em Championship Final Day 9/22/05 38 $12,489 2005 36th Annual World Series of PokerNo-Limit Hold'em Final Day 7/05/05 7 $94,000 2005 36th Annual World Series of PokerNo-Limit Hold'em Final Day 6/30/05 25 $9,860 2005 36th Annual World Series of PokerPot-Limit Omaha Final Day 6/20/05 1 $128,505 2005 36th Annual World Series of PokerSeven Card Stud High-Low 8/OB Final Day 6/17/05 36 $1,625 2005 36th Annual World Series of PokerNo-Limit Hold'em Final Day 6/10/05 20 $11,010 2005 World Poker ChallengeNo-Limit Hold'em Championship Final Day 4/01/05 11 $20,704 2005 National Heads-Up Poker ChampionshipNo-Limit Hold'em National Heads Up Championship Final Day 3/06/05 9 $25,000 He did win a WSOP bracelet.

[HangukMiguk]

again, I eat my words.

[belatropic]

HangukMiguk, on Saturday, February 25th, 2006, 9:34 PM, said:

again, I eat my words.

I was following chip counts at Card Player & had to laugh.Chip Count #1Date / Time: 2006-02-24 20:26:00 Title: Chip Counts Log: The chip counts going into heads up play are:Barry Greenstein $2,168,000 Blair Rodman $1,002,000 Chip count #2Date / Time: 2006-02-24 20:46:00 Title: Updated Chip Counts Log: The updated counts were just announced by Linda Johnson:Barry Greenstein $2,000,000 Blair Rodman $900,000 Was there a rake in the Tourney?

[blueodum]

I'm sure the chip counts are only estimates.This was an invitational freeroll.