Daniel Negreanu Details the Craziest Tournament Scam He’s Ever Seen

It is honest to say there’s not a lot, if something, that Daniel Negreanu does not know concerning the world of poker – and that features the darker aspect of the business all of us love.

Fortunately, outright poker scams are far much less frequent as of late, thanks largely to tighter safety measures and years of cautionary tales exposing the sport’s dirtiest hustles.

Nonetheless, a narrative shared in Negreanu’s newest YouTube video shines a light-weight on an old-school match rip-off so ruthless that KidPoker himself described it as bordering on “sociopathic.”

The Rip-off Setup

Talking on his YouTube channel, which has simply shy of 1 million followers, Negreanu regaled viewers with a narrative from his early days taking part in on the Bicycle Membership within the Nineteen Nineties, utilizing a $1,000 buy-in match for instance as an example the rip-off.

He described how one participant would aggressively promote motion earlier than the occasion even started, saying, “I would go over to the on line casino, and this man can be like ‘Hey, boss – need to purchase 5%? Wish to purchase 10%?”

The important thing, Negreanu defined, was that the participant would normally oversell himself, taking over extra backing than his precise stake allowed. “He would promote $2,500 value, at face [value] or a small markup…so now he goes and buys into the match, he is obtained $1,000 and $1,500 extra, however he is oversold, so if he cashes on this match, he is screwed, he is gonna lose cash.”

“If he cashes on this match, he is screwed, he is gonna lose cash.”

From there, the hustle would take form as soon as play obtained underway and stacks began to construct. “Properly, he isn’t going to money on this match. What he did do was play properly; he tried to construct up a stack. So now he is obtained the $1,500 revenue, now he is on the desk saying ‘Hey boss, wanna commerce 5%, you wanna commerce 10%’ He’d do this, after which ah, one way or the other his chips would get pushed over that participant, and now he is obtained 5% of this man, 10% of this man, and $1,500 in his pocket.”

Regardless of admitting he discovered the audacity of the rip-off amusing, Negreanu was clear it was incorrect and even bordered on the “sociopathic,” saying, “He is residence consuming, consuming some snake juice or regardless of the hell he was consuming again then… Now, I discover it kinda humorous, nevertheless it’s simply incorrect. I discover it loopy that folks do that. I might by no means do one thing like that; you must have a sociopathic tendency. This can be a rip-off, that is a scammer, that is somebody who’s actually dishonest.”

Eliot Thomas is an Editor at PokerNews, specializing in on line casino and poker protection. He has reported on main occasions all over the world, together with the World Collection of Poker, European Poker Tour, and Triton Tremendous Excessive Curler Collection.

Primarily based in the UK, Will began working for PokerNews as a contract stay reporter in 2015 and joined the full-time employees in 2019. He now works as Managing Editor.

He graduated from the College of Kent in 2017 with a B.A. in German. He additionally holds an NCTJ Diploma in Sports activities Journalism.