OT: Altoona kid one of last two standing in WSOP

[Victor E. Bell]

Down to head-to-head between Altoona's Dan Ott vs. NJ Scott Blumstein, a Temple grad. Ott is down about 100 million chips, at about a 3/5 disadvantage but is guaranteed $4.7 MM. Winner gets $8-something MM.

 

[Osprey Lion]

Down to head-to-head between Altoona's Dan Ott vs. NJ Scott Blumstein, a Temple grad. Ott is down about 100 million chips, at about a 3/5 disadvantage but is guaranteed $4.7 MM. Winner gets $8-something MM.

The Altoona kid went to PSU-Altoona.

 

[Fox Chapel Lion II]

I'd have to say he absolutely maximized his time in college.

 

[palehorse]

Down to head-to-head between Altoona's Dan Ott vs. NJ Scott Blumstein, a Temple grad. Ott is down about 100 million chips, at about a 3/5 disadvantage but is guaranteed $4.7 MM. Winner gets $8-something MM.

Anyone know what the tax hit will be on that?

 

[Victor E. Bell]

Anyone know what the tax hit will be on that?

Unknown, but Ott took 2nd. I stayed up till about 0130. It went much later. Blumstein hit river deuces on the final hand to bust Ott.

 

[hagberg]

I'd have to say he absolutely maximized his time in college.

Never underestimate the value of a Penn State education!

 

[mjh218]

Tax hit would be about 40%. But he can deduct his gambling losses from his gambling wins.

 

[palehorse]

Tax hit would be about 40%. But he can deduct his gambling losses from his gambling wins.

Ok. Thanks. I saw some conflicting numbers. The 2016 2nd place finisher took @ a 51% hit, yet the 1st place finisher only took a 41% hit. Curious as to the discrepancy and how the %'s are figured.

 

[psualt]

Ok. Thanks. I saw some conflicting numbers. The 2016 2nd place finisher took @ a 51% hit, yet the 1st place finisher only took a 41% hit. Curious as to the discrepancy and how the %'s are figured.

Probably just factoring in state taxes too. Overall just looking around 3% for PA with top Fed bracket around 40%

 

[TenerHallTerror]

holy crud muffins, had A 2 against A 8 and pulled a deuce on the river.

 

[Victor E. Bell]

holy crud muffins, had A 2 against A 8 and pulled a deuce on the river.

Yep. I don't know how short he was at that time but he had to push there and it didn't work out. Props to the Temple guy, he's a tough hombre.

 

[Osprey Lion]

Yep. I don't know how short he was at that time but he had to push there and it didn't work out. Props to the Temple guy, he's a tough hombre.

He was way short and his opponent had chips to burn. He lost it much earlier in the
night when he was betting a winner and it was a huge pot but got bluffed out of it after
the river.