Posted by Dr Fro 7:00 PM
I watched the '03 WSOP on ESPN (again) last night. It was the "Dutch Boyd" episodes. You know, he starts the day with a huge stack of chips, they show him a lot, they do the interview with the chip-tricks, and near the end of the episode, he loses it all to Chris Moneymaker and walks out with his buddies saying something like "we are going to take over this town."
For some reason, I took a liking to this guy. Maybe it is because he reminds me of Mike in Rounders, which is my favorite movie. Maybe because he is Doogie Howser, which I could be if, well, if I were smarter. Maybe it's the backward-visor, which is how I wore mine all week in Belize. I certainly felt like he was more of the guy's guy than even Moneymaker. Anyhew, I liked him.
I found this piece on him, which is long but interesting.
Then I read this and this on him, which aren't so nice.
It seems his company got screwed, went bankrupt and people lost money. As much as that suck, well, shit happens. There are bankruptcy laws in America for a reason, and I feel sorry for those who got screwed, but they have to realize that Dutch did nothing to screw them. As long as there is no fraud, then the company does not have to pay.
We have bankruptcy laws to promote small business. Sometimes they fail. Sometimes they turn into Microsoft. But if you lost money at PokerSpot, I don't think that is sufficient reason to be mad at Boyd.
One more thought - if you play online poker and you have a big balance (more than you need for the level you play), take the money out. You should never have more in there than what you need for a buy-in, and the loss of one buy-in should not be devastating to you financially.
Random thoughts from a lawyer, an accountant, a commodities trader, an ex-Marine and a WSOP Main Event money finisher that don't know as much as they wish they did...