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mar
15

Eastgate lost $1.7 million during World Cup
Tags: peter eastgate, soccer, sports betting, world cup.
Posted on 15 March 2011 by "T".

Peter Eastgate has since he won the WSOP Main Event 3 years ago already stopped playing poker once, then returned to the poker scene again and sold his WSOP bracelet on Ebay. There has been a lot of things going on in Eastgate's life since the big win in 2008, and it doesn't seem like he has any problem to spend the money he won.

In an interview with a Swedish poker magazine, Peter Easgate says that he's hooked on sports betting and that it has costed him a significant amount of money. For example, he lost 1.7 million dollars during the World Cup of Soccer last year. However, East Gate says that he has stopped playing for that kind of money - mostly thanks to a method he invented himself.

"If I bet more than $2,000 on a game, I have to pay $20,000 to 4 of my friends. Because of this I take better care of my money and lately I haven't betted as much as I used to", says Peter Eastgate

 

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18 comments on "Eastgate lost $1.7 million during World Cup"


 andy552115/03/2011 16:01:47 GMT
OMG that is just stupid money to bet, before you bet that amount give me some next time, god these poker players dont know the meaning of money!
 mazas15/03/2011 16:08:47 GMT
then u win some free big money u start be more madlly .......
he won great pot but he loose for betting so many i think he is maniac off games and he must stop
good news that friends help him stop betting hope soon he ll back to the poker tables and no betting in his future life Big Smile
good luck and have fun
 Hajinnho15/03/2011 17:31:24 GMT
Posted by andy5521:
OMG that is just stupid money to bet, before you bet that amount give me some next time, god these poker players dont know the meaning of money!


lol, whats wrong with him? We all know that he quit poker because he wasnt able to manage it mentally.... and now such details Big Smile
 Davoodoo15/03/2011 17:32:14 GMT

I would love to be one of his 4 friends ...
 shokaku15/03/2011 17:50:42 GMT
Posted by Davoodoo:

I would love to be one of his 4 friends ...

lol

Easy come, easy go. Nothing more to say to that. Limiting to $2k a bet? I guess that is more than i did bet on sports in my life. Shock
 xxxYUMIxxx15/03/2011 21:48:50 GMT
fookin degenrate! just too young to handle all that cash!
 Hajinnho15/03/2011 21:51:47 GMT
Posted by xxxYUMIxxx:
fookin degenrate! just too young to handle all that cash!


yeah, THAT is the problem i see too. I mean all that cash sounds really nice at first sight. but i mean i think it isnt easy to handle it mentallly
 capinheiro15/03/2011 23:25:41 GMT
That's why he came back to poker! Big Smile
 GIOMi616/03/2011 02:45:13 GMT
He is a gambler, addicted to it and misused his money, now he is broke and wants to make some money by returning to the Felt that is my opinion.
 heector16/03/2011 11:46:45 GMT
more money u win = more money u bet
 PokerWoman2216/03/2011 13:25:42 GMT
oh boy,nah,,sad to hear that
 Fackinas16/03/2011 13:49:12 GMT
It is seems that he can not stop .. It is bad, you need to stop when it takes to much of your life or it starts to destroy your life..
Thanks for sharing and not "funny" stories about poker/betting
 Fakiry16/03/2011 13:53:56 GMT
Eastgate needs advice. Psychologists and shrinks should be in conquest to see who will get him in their offices. I always related guys who win lots of money playing and betting with problems in keeping that money. In another scale (much less money) i think i have some friends suffering of the same problem. I dont want to talk bad about Eastgate, this is something that it is studied and noone should joke about him, or get in advantage like some "friends" seem to be doing. It would be better to look for help for him, once it seems he cant take that iniciative by himself.

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Eastgate needs advice. Psychologists and shrinks should be in conquest to see who will get him in their offices. I always related guys who win lots of money playing and betting with problems in keeping that money. In another scale (much less money) i think i have some friends suffering of the same problem. I dont want to talk bad about Eastgate, this is something that it is studied and noone should joke about him, or get in advantage like some "friends" seem to be doing. It would be better to look for help for him, once it seems he cant take that iniciative by himself.
 Hajinnho16/03/2011 13:55:19 GMT
Posted by Fackinas:
It is seems that he can not stop .. It is bad, you need to stop when it takes to much of your life or it starts to destroy your life..
Thanks for sharing and not "funny" stories about poker/betting


yeah.... i mean lets imagine you became rich very early... you are completly loosing the connection between you, work, worth and money. That really isnt to easy to handle!
 SuperNoob16/03/2011 17:39:28 GMT

"If I bet more than $2,000 on a game, I have to pay $20,000 to 4 of my friends. Because of this I take better care of my money and lately I haven't betted as much as I used to"

lmaoo his friends must be having lots of fun, lol. but really funny and innovative method to limit betting.
but hope he starts taking poker seriously again so we can see more of him again.
 Hajinnho16/03/2011 17:49:40 GMT
yeah, cause he really is capable of this game! I mean his Heads - Up qualities are phenomenal. Come on Peter!
 Cliffem18/03/2011 14:27:20 GMT
Well if u do put $1.7 mill on Denmark to win The World Cup what do you expect? Blink lol
 lokipoker19/03/2011 15:04:24 GMT
Im almost sorry for him, he seems to be rather stupid... maybe he should just stop playing and enjoy the rest of his money, he probably still has more then most people earn in a lifetime

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