..

Hellmuth Accused of Ripping Off Stakers

Written by:
Guest
Published on:
May/30/2018

It's been a bad last couple of days for poker pro Phil Hellmuth.  First he got lambasted after sticking up for a fellow poker player accused in a 2011 ponzi scheme tied to Full Tilt Poker.  Now the self-proclaimed "Poker Brat" is being called out for allegedly scamming stakers.

Poker pro Scott Seiver tweeted:

When @phil_hellmuth charges 1.8 markup for a 10k TURBO KNOCKOUT, there should be an SEC investigation because he is literally defrauding people out of their money. You should be embarrassed to hustle people out of their $20 investments. Absolutely pathetic

From PokerTube.com:

After offering up the “opportunity” to stake him in a couple of high-stakes events on YouStake.com, he has been subject to a great deal of well argued criticism of his extortionate markups and whether such exploitation is morally acceptable.

The WPT L.A. Poker Classic is currently selling at a high – but not completely unreasonable – 1.50 and his cash game winnings on Poker After Dark at 1.20. But the source of the controversiality was the colossal vig of 80% on the $10k Super Turbo Bounty at the WSOP. 1.80 is a rate that some people decided was taking the piss and bordered on outright fraudulence.

Hellmuth tweeted in defense:

I do believe it is a good investment. And, I like having a bunch of @YouStake investors along for the ride, it gives me extra motivation!!

I’m sure I have cashed for $2 for every $1 in @WSOP NLH tourneys! Obs not robbing anyone...Blocking and Muting you

- Ace King, Gambling911.com

Poker News

BabyBowser Wins $1.5 Million and Change in $10 Million Venom

BabyBowser Wins $1.5 Million and Change in $10 Million Venom

Second place paid a sweet $1,015,200 to online poker player sw33ney.

Small Poker Contingency to Attend Layne Flack Funeral

Small Poker Contingent to Attend Layne Flack Funeral

Services to be held Monday in his birth city of Rapid City, South Dakota, in Sturgis.  A copy of the obituary has been obtained by Gambling911.com

Facts About Poker and Its History You Should Know

Facts About Poker and Its History You Should Know

For thousands of years, card games have remained a great way for people to have fun and pass time. Playing card games traces its origin to China before 1000AD and made its way to Europe in 1360.

Gambling911 World Exclusive: Covid-Stricken Cantu Out of Hospital

Gambling911 World Exclusive: Covid-Stricken Cantu Out of Hospital

Cantu was not vaccinated against Covid-19, Gambling911.com sources revealed.

WSOP Threatened Again By Covid Surge

WSOP Threatened Again By Covid Surge

The 2021 World Series of Poker is set to take place Thu, Sep 30, 2021 through Tue, Nov 23, 2021.  There are already whispers that this year's event could be derailed by yet another surge in Covid-19 cases.  Assuming it isn't cancelled or delayed altogether, the 2021 WSOP is likely to see a reduction in participants.

Syndicate