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Tom Dwan Lost $1M after Betting on UFC Underdog

Tags: Cody Garbrandt, Raphael Assuncao, Tom Dwan, UFC, Ultimate Fighting
Posted on 11 June 2020 by "T".
High-stakes poker player Tom "Durrrr" Dwan tweeted on Sunday that he lost a total of a million bucks on a bet he made on the recent UFC 250 bout. The bout involved Cody Garbrandt vs Raphael Assuncao, in which Tom apparently placed a massive bet on the latter who was deemed the underdog on this fight. Hey @dc_mma @joerogan it doesn’t really count unless you bet a mil on the dog 🤑 [...]   Read more » Tom Dwan Lost $1M after Betting on UFC Underdog

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Tom Dwan Lost $1M after Betting on UFC Underdog  0   
so whole news is about his bet of 1 million and ofcourse everybody think that he used american dollars,but on end we can see that its not us dollars,so he really spent 129 K $,because he bet in honk kong dollars!he thought that this fighter will lose again,after 3 fights without win,but he made mistake,probably not so expensive for him!

     
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He is playing mainly in Macau , in the past also with other buddies of his , like Phil Ivey , to milk some loose whales there and win big . Now Idon't know if this is 1.000.000 dollars of US or Hong kong , but for sure it shows he has some money to throw in the fireplace , his wallet is big enough to make such bets , also bets on sportsbetting where I also don't know if he has any hint what he bets for , or it's 100% gmabling , which wouldn't be a surprise , remembering some of the crasy poker hands of his past TV shows , lol Cool

     
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It's a hard blow for him because a million dollars is a huge amount. He made a very risky bet and now the money is lost. Only when i think about that i'm amazed. ome people try to earn 2-3 k dollars and others throw with them. Now i think he regrets it.

     
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That is sick.
Even if it is "only" 100K+$. I sometimes bet on the underdog but always with a sum of money I know I can lose and will not affect my bankroll. Don't think Dwan is so rich that he is able to make such bets.
One possibility is that he heard from someone that this fight was fixed and bet upon that knowledge. I guess it wasn't so in the end. The other possibility is that he doesn't look at money like us, the regular poeple. That usually don't ends well.

     
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Whether it is us or hong kong dollars, it is still a big bet.
Of course in us is much more but still.
How many times he was counting that this fighter will lose ? Smile
Everyone has to win at some point. And he did it in the wrong time for dwan Smile

     
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lot of you probably didnt read everything and especially end of this news where they say about money and what he could lose on poker challenge!ofcourse its big difference is it hong kong dollar or us dollars,difference is 871 K of us dollars and all of you can see that it was bet with honk kong dollars!just two minutes you need to read everything!

     
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At the end of the news section for this, i can only see :
"One reason could be that Dwan meant he bet using Hong Kong dollars. Even so, it would translate to a US$129,000 loss. Way below the $1.5 million penalty he would have to give Cates if he completes and loses his own challenge as previously agreed upon."
I guess im giving this another translation...

     
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so how the hell can be same is it in hong kong dollars or us dollars???how can be same is it 1 million us dollars or 129 K of us dollars?

Edited by dule-vu (12 June 2020 @ 14:23 GMT)


     
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Here is how simple it is according to todays fx rate.
1 million Hong Kong dollars, equals with 129.031,40 Us dollars....
So hard to grasp?

     
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how hard is for you to understand others posts and your posts?other members have in posts that they dont know is this 1 million hong kong dollars or us dollars,even its clear in news,on end,that its is not 1 million US dollars,thats "only" 129 K us dollars!
you also write in your post:whether it is us or hong kong dollars,its still a big bet!but what there for think even,when you have news that is in hong kong dollars and that its not same is it us or their dollars!its difference of 871 K of us dollars and big difference from big bet to huge bet!

     
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Tom Dwan can lose millions of dollars or win well. I don't know if he is still in Asia, or if he stayed in his home country, because of this, comparison with something else is not at all interesting. This professional player adapts quickly when it comes to making money.

     
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$120k and $1M is not the same ofcourse , but still $120k is a lot of money . He bets on sth he's not probably sure , just to gamble . To me he has enough money in his bankroll . So that means he can take some of that , and prepare to repay Crates , for the challenge still incomplete . Try to complete it , and pay the debt to jungleman if he loses , which is the most probable scenario

     
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Tom Dwan is a great gambler worldwide and his loss is great for us but much smaller for him. I don't know how upset he is right now, but his girlfriend is certainly angrier than he is. It is an amount that should not be neglected, but in future this player can cover this damage.

     
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Actually we don't really know for sure he made that bet. He could just say it to avoid paying his debts. This sounds stupid because it's the worst excuse ever, but maybe he knows something we don't.
He could also be trying to make fast money so he could repay debts and got himself in a bigger hole.
Or you are all right and 120K is picket money for him. To me all possibilities are writes and makes the same sense.

     
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he bring on some private game 1 millions dollars,even this challenge was on 1,5 million if he lose on it,so whats for him 129 K dollars?nothing!dont understand how nobody see it!
roeish3 what a this 129 K dollars have with this challenge and how he want to avoid paying it?even he lost this money on ufc bet,he still didnt finished this challenge and if he lose it he will need to pay 1,5 million dollars,so this bet have nothing with it,he won it or lost it!

     
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In live poker credi-t-bility means something more than online poker , imo . So , if you have a history of not paying your debts , even if that happened online , in live poker circuits they take this into serious consideration , if they want to invite or accept a player at their games . But ofcourse , Dwan has a great name from his past , also many great friends of his , helping each other . And itis a circuit , Crates might have this unsolved difference with Dwan , but he is good friend with Ivey , who is also good friend with Dwan . These circles , lol .....

Anyway , if he wants to pay Crates , I believe he can do it , He must have some millies for sure in his wealth Smile But if he doesn't want , as a caprice generally or specifically towards jungleman , well then he want play with him and won't pay him , not even in a 1.000 year , lol

     
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Tom Dwan is a professional player for many years even if he is young. He was one of the high level gamblers who did not have big scandals in his career and is a gentleman from this point of view. He lost huge pots and now he is starting to bet at bookmakers but he can afford it.

     
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I'm sure that The all can work it out together is they want to. The post about losing so much money seems a little strange at the moment. Either Dwan doesn't care how it looks like or he had other intentions with this post. Either way I don't think there will be long term meaning for all of this

     
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Well , if it's $1.000.000 , if he ever show as the receipt of his bet , that would be really sth , to admire or to laugh at , as he did this bet on the underdog . Also , yes, this post is strange , and taking into consideration that he doesn't post a lot, for sure he has some intentions for doing this right now . Strange , because he surely knows , if he goes out and start spreading rumours or facts that he burns money on sportsbetting or casinos' fireplaces , with extremelly lose and risky decisions , many will come out wondering why not conclude challenge and pay the debt to jungleman ..... if he has all this money ....

     
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even this 1,5 million isnt big amount for him,no matter if he lose on this challenge or he just dont play it till end,but would be fair from him to finish it and to earn money or to pay him!its not ok to start something and then to just stop playing!we all know that he play with very high stakes,especially in hong kong,so pay this players and stop every other bad news about you!

     
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