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Gus Hansen lost all his money - asked Cole South for a loan

Tags: Cirque du Soleil, cole south, full tilt, gus hansen, Guy Laliberté, loan.
Posted on 25 August 2010 by "T".

The danish poker pro Gus Hansen has been running extremely bad in the past couple of years. In the beginning of this year, however, he started off in the best possible way by winning a few hundred thousands and it almost seemed like he was going on a winning streak and would take back some of the money he lost.

But it didn't take long before he started losing huge amounts again. And now it almost seem like 2010 will be his worst year ever as he has been on the top 5 list of the weekly losers many, many times this year. Not a very good sign even when it comes to some of the world's richest and best high stakes players.

According to a Swedish poker magazine, Gus Hansen has lost 8.4 million dollars during his online career and he's the biggest loser ever in the history of online poker. But they also write that the founder of Cirque du Soleil, Guy Laliberté, has lost 20 million dollars on different poker accounts. However, these figures can't be confirmed.

Gus lost his entire bankroll at Full Tilt and asked for a loan

When Gus Hansen played at Full Tilt's nosebleed tables last Sunday, he once again ended up losing big. This time Gus Hansen lost $3701,913 (most of it from playing Pot Limit Omaha) and suddenly his account was totally empty. But even though he had lost so much and had no money left, he still wanted to play more and asked high stakes pro Cole South (picture) for a loan.

"Cole, can you send me some money? You'll get them back on Tuesday" said Gus Hansen in the poker chat at Full Tilt Poker.

Cole South rejected Gus' request straight away.

"Sorry, I wish I could. I know that you're good for it, but I have lend out a lot of money this summer and I still haven't got it back."

Gus Hansen, however, didn't seem to be angry at all at Cole South for not lending him money, he almost seemed to be thankful.

"No problem. Probably it's just good for me"


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48 comments on "Gus Hansen lost all his money - asked Cole South for a loan"

Displaying only the 25 latest comments. To view all comments, please visit the forum thread:
» Gus Hansen lost all his money - asked Cole South for a loan

 jessthehuman26/08/2010 02:53:45 GMT
Posted by DansTaFace:
this guy Gus Hansen has interest in MANY companies and hes even actioneer of FT i think , losing that money is not a problem for him, i think the worst is how hes looking like in medias and for fans who love him. Hes simply addicted, and being adicted means he has no more control on himself (so on his play), not necessary a financial problem but... a personal en public problem.

Maybe, but doesn't matter how many companies he has interest in. His finances are still finite. He can certainly create a problem (Serious/financial) for himself beyond a PR problem if he continues to drop large amounts of money.
 edr_00726/08/2010 03:34:34 GMT
dammmn, how cant he be angry with someone after losing a total of 8,5 millions, thats impressive really.
 Nick177C26/08/2010 04:10:56 GMT
a month later mabey profit so much again hehehe
 wiebepoker26/08/2010 05:28:56 GMT
 lomax26/08/2010 07:32:30 GMT
yes it's a lot of money but this man is Gus of the best player of poker (i think he have a lot of money) Smile
 NoLuckHereAA26/08/2010 07:59:57 GMT
gus hanson you 8.5milli HOW???
 mikzu8726/08/2010 08:40:13 GMT
i'd live my life with that money Big Smile
 cornel728826/08/2010 09:52:04 GMT
bad bankroll and a huge loose but maybe this was only an experiment Smile))))
 stoney02426/08/2010 11:03:53 GMT
Bad experiment... Aww crap!
 AbuDhabi26/08/2010 15:02:22 GMT
This is new Fulltilt challenge - like Ferguson Challenge, durrr challenge Smile

Hansen Challenge - lose 10 million dollars in only one year!
 parrix26/08/2010 15:21:18 GMT

Well, I just heard this news and is truly alarming, but not by the news

that does not leave money, but by the news of a professional poker player

who goes bankrupt and loses it all, surprising.

I did not know that the big players will also be ruined but now it has become

clear that if, hopefully have better luck that.

 BotaiL26/08/2010 16:43:35 GMT
ouch!!! :|
 Davoodoo26/08/2010 17:40:44 GMT
when the luck runs out in a luck game even the "pros" will lose ...

its only a gambling addiction if you are losing
 Aggro66627/08/2010 04:16:59 GMT
oh, lets make some collection for the poor danish boy hehe... seems very, very bad Bankroll managment, but do not worry , Gus, come over to Bankrollmob, you will get here some BR and the best, u dont need to pay it back...
Waiting to play with Gus on Realdeal poker actual hehe
 shokaku27/08/2010 05:57:03 GMT
Gus is still in business. And he was able to cut his losses to just under 8 million. If he can continue this run, he will be back in black in half a years time. Cool
 dozn0127/08/2010 06:50:20 GMT
this is not good news for full tilt either, like the poker school at full tilt all the players hearing that 1 of the pros has gone busto, so what chance have they got learning at full tilt...........
 corneliu728827/08/2010 07:18:15 GMT
bad bankroll management i think
 triffu30/08/2010 11:02:29 GMT
bad bankroll management?how about NO bankroll management!!this guy must have forgotten how it is to play the limits that most of us ''mortals'' play.don't get me wrong,i think Gus is one of the greatest players out there but...lowering the stakes that he is playing wouldn't hurt...even pro's have loosing streaks
 dule-vu30/08/2010 21:09:09 GMT
if he know how to win this money,he should know how to keep this and play with brain,not just run and think:ah I have lots of money and can lose something,now he is this position...
 watoba02/09/2010 22:20:09 GMT
lol i think he is a pro player don´t he know he must stop playing a while when he had a bad run.Why he not make a few days holliday.I can understand this.Better he give me the money Blink
 DaMessiah66603/09/2010 06:51:08 GMT
Pity for him but always are good news when pros fall down because it's the way to say "All are human"
 richwarren1203/09/2010 10:48:47 GMT
i think gus hansen has been very unlucky later and i predict he will soon start turning them figures around. the stakes he playes you are bound to have winning streaks and losing streaks in the millions. gl gus
 s15484503/09/2010 12:13:28 GMT
now he's going to start back with some free bankroll site =))
 glotis23/09/2010 12:35:32 GMT
is it true?
 dozn0123/09/2010 13:00:32 GMT
Posted by glotis:
is it true?

of course it is........ its from bankrollmob we never lie here,
you found that out the longer you are here Blink

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