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Poker Pro Gus Hansen Respite: Loses $5.3 Million in 2009
gambling911.com ^

Posted on 01/26/2010 11:45:04 AM PST by big black dog

Danish poker pro Gus Hansen has decided to take some time off after losing $5.3 million in 2009, the announcement made before Christmas.

Hansen is the only player to win three World Poker Tour (WPT) open tournaments.

Hansen finished in the money of the 2004 World Series of Poker main event, and also made the final table of a European Poker Tour (EPT) event in Barcelona.

He may be best known to Gambling911.com readers for his fight (boxing match) with fellow Dane poker pro Theo Jorgensen, which took place earlier in 2009 at the Copenhagen EPT.

Hansen has struggled with money problems, reportedly because of losses during live cash games. Hansen is a regular in the The Big Game normally held in "Bobby's Room" at the Bellagio Casino in Las Vegas. He has said that his losses aren't a secret and has admitted to losing a million or so at a couple of games. He also admits to being a perennial loser in sports betting, so much so that he wishes he could stop.


TOPICS: Society; Sports
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1 posted on 01/26/2010 11:45:06 AM PST by big black dog
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To: big black dog

Gee, a professional poker player with a gambling problem. Who’d a thunk it.


2 posted on 01/26/2010 11:49:13 AM PST by raybbr
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To: big black dog

I guess his hyper-aggressive style finally caught up to him. That style makes playing cash games a highly risky proposition. The point of playing that style in tournaments is to build a huge stack early, almost an all or nothing philsophy, to bully your opponents in later stages of a tournament. Since there is no time pressure in cash games that style is not as effective.


3 posted on 01/26/2010 11:49:16 AM PST by C19fan
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To: C19fan
while the difference between cash games and tournament play is well known and your post on them in regardes to Hansen is pretty correct, there is a different aspect to how he is viewed by viewers, and presented by announcers.

Sure, he calls a big raise with a 3-9 off, and then the next hand calls again with a 4-7 off and the announcers go crazy and WHAM! He hits on both and takes down monster pots.

Problem is, because of editing for TV, there could have been several hundred hands between those two that no one saw.

When the WSOP first start airing on ESPN they would have a "Hand # XXXXX" counter in the upper corner.

It would rise wildly and at an exponential rate with every hand.

When viewership and interest started building, they dropped the counter. The reason is obvious.

4 posted on 01/26/2010 11:57:48 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: frogjerk

Hansen was always fun to watch on the edited shows.


5 posted on 01/26/2010 11:59:44 AM PST by RabidBartender (Rob Scaaf for Missouri State Senate http://schaafforsenate.com/)
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To: Phantom Lord

Great point.


6 posted on 01/26/2010 12:04:32 PM PST by C19fan
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To: big black dog

The last few years haven’t been kind to Gus and I agree with everything people have said about his style of play above but I bet he still has a big old bank roll. He has a lot of endorsement contracts and he’s regarded as one of the best backgammon players around.


7 posted on 01/26/2010 12:08:22 PM PST by lwd
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To: C19fan

interesting... I watch poker on TV when there’s nothing else on (IOW’s frequently). I personally like to watch the cash games, but the cautious style of play is not likely to endear itself to the average TV viewer.

It’s darned near a statistical impossibility for a ‘name player’ to win a major tournament these days. The play is too wild & unpredictable.


8 posted on 01/26/2010 12:08:41 PM PST by Tallguy ("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
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To: Tallguy

The cash game show, “High Stakes Poker”, has become the only poker show I watch these days.

Some of those guys have the gamblin’ bug really, really bad.

However, I do recall not seeing Hansen in the game the last couple of seasons...


9 posted on 01/26/2010 12:14:40 PM PST by LRS (Just contracts; just laws; just a constitution...)
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To: big black dog

His style of play leads to big wins and big loss.


10 posted on 01/26/2010 12:17:35 PM PST by bmwcyle (Free the Navy Seals)
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