David Peters broke owing money to many people

I'm talking live where you can't even get in real volume and expenses are crazy high. When you factor in variance they really make no sense as a profession. There's a reason most of these people are broke and always trying to sell/swap action.

That's the thing though. If you went deep in a big event back then you were very likely to get a sponsorship which way more than offset any rake being paid. But the poker sites rightfully didn't care about Joe Blow from North Dakota entering a wsop even unless he went deep. Nobody in their right mind getting big money would say "i want free rake for everyone" and once poker wasn't popular anymore it wouldn't have lasted anyway.

The golf/tennis analogies don't work because those aren't open field events with that kind of audience. They're the absolute best of the best. The Masters had 91 players. I can't just walk into the Masters, demand a sponsorship and free entry to the tournament.

“Only Daniel N never borrowed money”

Yeah he just get 10m a year for 15 years long sponsored, pbb the only reason why..

I hate to be on he defense train or whatever but since I was the one who said that I don't necessarily think after 2007 DN was burrowing money aside from the slimy **** of them ganging up on beal

If I had to guess he was prolly the very few HSP participants that didnt have AS much pieced/staked to him as others etc

Also in the last 10 years there have been tourney players who far far won more tourneys and prize pools than DN has on the poker tourney within that span and these sid pros are still getting hella pieced, swapped, staked etc.

again I think in the last 7 years a lot of these tourney pros are completely being staked and swapped withineach other more than I wish was.

You are dreaming if you ever thought this was a real possibility.

Poker got a ton of airplay on TV in large part BECAUSE it costs the networks basically nothing; they could get the rights to a WSOP for zero, and just air it in any dead space possible. No TV network was going to pay a penny for the rights to broadcast poker - as much as we all loved it and it was having it's moment, there were certainly plenty of companies with no desire to be advertising on a gambling show either.

By the mid-late 2000s, the only poker shows that were on TV were the ones where poker sites were buying the air time and essentially showing a glorified informercial.

The Twitter responses are great, idk if they’re bots or just mentally disabled people.

“Hey it happens, respect you and hope you get back onto ur feet”
“Takes a big man to take responsibility”
“GOAT! This is empowering”

Meanwhile he’s still a scumbag, and most likely would’ve never said anything unless called out. Hey, just some confusion…Linde was just confused but that’s on me

Yeah this is 9 months later when he should’ve paid back after series at latest and obviously did this to try free roll, he probably only wrote this because Haley went private because she was getting dragged and she’s mentally ill person

No Rake for MTT Poker Players in televised events should have been easy to obtain.
If the final table players of the WSOP demanded payment, or else, they'd get it.
Bottom line, MTT Poker Players are fools and cowards.
The WSOP brand is worth tens of millions, and the performers get nothing.
Question: Is there another event, worth tens of millions of dollars, where the talent gets nothing.
I can't think of one.
Heck, even the Spelling Bee kids get paid.

A big junk of that money would have went to the poker players, if they weren't such cowards.

Question: Is there another event, worth hundreds of millions of dollars, where the talent gets nothing.
I can't think of one.
Heck, even the Spelling Bee kids get paid.

In fairness to Peters, current thread title is hyperbole until there are other reports of monies owed.

Pretty sure car racing of any type is similar. You get paid if you win. Golf, too, I think. Chess? I mean, it honestly seems like there are a lot of such sports/games.

Unless I really don’t know how any of it works. Which is possible.

Make a living at poker - cash games

Have fun and hope to bink big - tournaments

Want to go broke easily - try to make a living at tournaments

Oh, and if you do bink big, be like Yang or Coleman and exit the scene

I have put up maybe ~5k volume of MTT live & online. I just wish I transition to cash sooner.. everything got better in my life! Less swings, better schedule, and easier to study

I think 90% of the MTT regs are either broke or getting backed. I don't know why they still do it? Maybe to get on poker webpage or on tv??

The real winners in poker are those cash regs who plays MTTs seldomly like : Linus, Barak, Prodigy, DavyJones, etc...

i remember when i was playing high stakes cash there was definitely a lot of jealousy whenever someone was playing who had a bunch of recent tv time from a deep event in the main with the "why is this guy poker famous when i'm not"

i'm sure that's a small consideration for it, because i otherwise don't understand the appeal

well to be fair DN every time he plays a 500$ or a 1k LH event he shakes his head and says how soft the tourneys are and they are still + EV hes said the same thing 3 years running about the low buy in tourneys

so if you think making net 25-30k a year grinding tourneys is good then they are + ev in your eyes.

https://www.pokernews.com/news/2026/04/poker-player-david-peters-respnds-to-debt-51093.htm

pokernews

Poker Pro with $50M Earnings Responds to Unpaid Debt Accusations

this will obviously be forgotten like every other scumbag move that's common practice in this (tournament) scumbag industry. wp David, it was a nice read.

tl;dr David is a slow payer/scammer that is broke but will be forgiven.

On the side note.. didn't Dylan mentioned few years back that he bust his bankroll cause he paid off his parents house or something... he probably called out Dpeter cause he needs the money to pay his backer! just another broke player in MTT

Let's say you're Darvin Moon or some facsimile of Darvin Moon. You've made your once in a lifetime run to the final table of the WSOP main. The other 8 players approach you and say "unless they refund the $300 rake to every player who played in the main, we are sitting out".

Do you think for one second you (or any other player) would actually put their multimillion dollar payday at risk so that 8000 other players can get $300 back? Give me a break.

What changed this year?

New law went into effect this year.

Prior to this year you could claim gambling losses up to 100% of the amount of your gambling winnings. Now you can only claim 90%.

Previously, win 100k gambling/poker and claim 100k in losses, essentially no tax obligation.

Now, win 100k gambling/poker you can only claim 90k of your 100k in losses so you owe taxes on 10k, even though you broke even.

The higher those numbers the worse it gets, 1 Mil and only claim 900k, you would owe taxes on 100k more of income....

Lol exactly. 99.9 percent of the "talent " has no leverage. They aren't talent. They're just randoms playing poker.

I don't see how we can extrapolate from this post that all tournament players are broke. There is dead money in tournaments with amateurs, etc. These high stake tournaments with most people selling action are kind of weird. However, one player maybe being broke and another needing the money owed doesn't make them all broke.

Really him not paying up doesn't mean he's "broke" - he probably has minimums he needs to keep for living expenses and if he isn't fully backed. That could be 200k or more - who knows. He could have money tied up in other investments - you need a lot liquid to play tournament poker specifically.