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Woo-hoo! I Win!

Oops, I mean Tom out in 12th

by , Jun 6, 2008 | 3:45 am

Comments (4)

Tom Schneider goes semi-deep (halfway through the paying field) and wins $36,096 — net $26k. Congrats a lot/Sorry bud. But way to get back into the game. Ali Eslami followed soon after for the same amount. They’re playing down to 8 — number of players, not a.m. Remaining contenders include, in order of current chip count:

Matt Glantz
James Mackey
Tom Dwan
Gus Hansen
Michael DeMichele
Sam Farha
Jeff Madsen
David Oppenheim
Eli Elezra
Anthony Rivera

The remaining payouts they’re fighting for:
1 $483,688
2 $297,792
3 $184,992
4 $139,872
5 $108,288
6 $85,728
7 $67,680
8 $54,144
9 $45,120
10 $45,120

Just curious … does anyone here think they should start reporting payouts in net terms, with at least the buy-in subtracted?


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4 Comments to “Woo-hoo! I Win! ”


  1. Mike Pickard     says:
    June 6th, 2008 at 4:13am

    >>Just curious … does anyone here think they should start reporting >>payouts in net terms, with at least the buy-in subtracted?

    Most certainly. Especially for tax purposes. Why should I have to pay taxes for money I didn’t win?


  2. Lance     says:
    June 6th, 2008 at 5:35am

    You don’t have to pay taxes on the gross – that’s why they give you the receipt when you register. At least that’s always how I’ve understand the system to work. I’m not sure the net number is an improvement, especially in a re-buy tournament where a -ROI is possible.


  3. DaM     says:
    June 6th, 2008 at 5:41am

    While I understand the value of showing “Net” – i.e., you cannot deposit the “Gross” into your bank account – such a reference might cause those with inflated egos, to ask for more! When wanting to tell a friend how much you won – the “Gross” is more impressive; when needing to tell the IRS – even the “Net” seems to be, too much to brag about!


  4. Bundas     says:
    June 6th, 2008 at 7:29am

    Nice Job Tom!! I know you would have liked Better but remember this was a very stacked field. So that was a Very nice showing. It’s not like you were playing folks like Dan, Karriady and Myself. Don’t forget to put a few bucks in your pocket before Julie finds out !