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Smacktard
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07-30-2008, 10:05 PM
Post subject: Question About WSOP ME Final Table Prize Monies
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#1 (permalink)
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Join Date: Jan 2008
Location: KC
Posts: 68
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Apologies if this has been asked or mentioned previously. Why don't they put all the millions they're sitting on for the 117 days into a short term CD with some interest and pump up the payouts a little more? Or does that just make too much sense?
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bigspenda73
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Straight Flush
Join Date: Jul 2006
Location: Pwnsylvania
Posts: 7,546
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Cool question, they could definitely garner some good will towards poker and turn the $30million into about $150,000 for charity.
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Smacktard
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Join Date: Jan 2008
Location: KC
Posts: 68
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Quote:
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Originally Posted by bigspenda73
Cool question, they could definitely garner some good will towards poker and turn the $30million into about $150,000 for charity.
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That would work too. Just doesn't make much sense for all that money to be sitting there idle when it could be used to make a little more.
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d0zer
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Moderator
Join Date: Jul 2007
Posts: 2,521
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Good idear Smacktard 
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UG
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Moderator
Join Date: Jan 2005
Posts: 1,855
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Great idea, but guys, c'mon......the boys in Las Vegas are pretty damn good when it comes to money, so I'm sure this has already been done.
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pgil
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Full House
Join Date: Jun 2005
Posts: 1,103
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ya, they are just keeping the interest for themselves
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"If you can't say f*ck, you can't say f*ck the government" - Lenny Bruce
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UG
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Moderator
Join Date: Jan 2005
Posts: 1,855
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exactly
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Silly String
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Full House
Join Date: Jul 2005
Location: KC, MO
Posts: 1,434
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What do you think PokerStars does with all their deposits? All corporations earn interest on the float as much as possible. See: commercial paper.
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Playing live . . . thanks alot Bin Laden.
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Pythonic
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Flush
Join Date: Mar 2007
Location: In S-mart Swallowing Your Soul!
Posts: 586
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Quote:
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Originally Posted by Silly String
What do you think PokerStars does with all their deposits? All corporations earn interest on the float as much as possible. See: commercial paper. |
Same with banks.
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Never bet on a white man in the heavyweight division!
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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They already are doing something similar with this.
At least that's what I read somewhere on Cardplayer.
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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phantom_lord
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Flush
Join Date: Oct 2006
Location: Dublin
Posts: 349
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yeah this is like the first thing everyone thinks of when they hear about it.
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