Mike Matusow Accused of “Robbing People” with Huge WSOP Markup

1 year ago
Mike Matusow Accused of “Robbing People” with Huge WSOP Markup
20 Sep

Mike Matusow was accused of “robbing people” this weekend by charging up to 1.5 markup on his buy-in packages to the WSOP $10k+ events, with Phil Hellmuth singled out for pushing his friend’s action...

Andrew Barber was one of those less than impressed by Matusow’s markup, describing it as “robbing people” in a tweet that gained a lot of traction...

Four-time WSOP bracelet winner Matusow has 14 events listed on the staking site, ranging from event 2, which is a $25k buy-in HORSE tournament, through to event 78, the $10k Razz Championship.

Those are both on sale at 1.3 but he has five events at 1.5, including his shot at the Main Event, Mike selling action for day 1c of the $10k buy-in flagship WSOP tournament.

Phil Hellmuth not only retweeted Matusow’s staking action, but added a few words of his own to help boost sales for his long-time friend.

It didn’t take long for Twitter poker to pile in on what was seen as excessive markup;

  • “Probably not gonna pay 1.3-1.5 mark on 10ks to a guy who went on the Doug Polk podcast and said that vaccines cause autism but thanks for the investment advice have a good day Phil.”
  • “I'd rather light my money on fire.”
  • “No thanks, aren’t you boycotting? Oh wait…”

Among the naysayers were those happy to defend the big markup numbers;

  • Ya, I used to make this argument and then someone responded with “but what if people are just buying for a sweat, not because they think it’s a +ev investment” because (from what I’ve seen) it’s not like these big names are promising it’s great financial advice.”
  • “The market is the market. Unless people are robbing family or friends who don’t know better, people should know by now what they’re getting into.”
  • “Scamming is not the right word. A player is worth whatever someone else is willing to pay. Caveat emptor, pal.”

It is far from the first time that WSOP markup prices have caused near riots on social media. Last time out, at the 2019 Series, Allen Kessler’s action caused a similar rumpus, with Shaun Deeb taking on the role of markup police.

Deeb tweeted:

“If you or a loved one is being taken advantage of by a desperate poker player trying to take your hard earned money in high markup feel free to contact me for help”.

As well as having a go at Kessler asking for between 1.05 and 1.2, he took issue with another player.

“Dear @JohnnieVibes when selling a package that after almost 1.4 markup equals lifetime cashes you’re scamming people. If you need the money just beg next video like you’re on twitch.”

Daniel Negreanu and others leaped to Kessler’s defence and the fighting had begun long before the WSOP itself kicked off!

What are your views on markup? Let us know on our social media channels what you’d be willing to pay for a piece of Mike Matusow’s 2021 WSOP action!

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Andrew from Edinburgh, Scotland, is a professional journalist, international-titled chess master, and avid poker player.Read more


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