Mike Matusow has been exposed on the 2+2 poker forum for faking and inflating his WSOP profits as his published results showed multiple errors! Already facing criticism over the amount of markup he charged, the American is now accused of lying about his performance.
Just woke up & feels weird to not be going to Rio to play more!
Final stats 23 tourneys 11cashes 3 final tables $26 k profit! Oh what could of been if I can change 3 river cards! Bubble 25 k horse to start series by 1 out, the 3 outer in the 10 k plo 17 left hurt the most!
— Mike Matusow (@themouthmatusow) November 25, 2021
Did Mike Matusow Fake His WSOP Results?
In the above tweet, Matusow was slated for making basic errors which were easily checkable against data found on various websites.
It was pointed out that he played at least 23 live tournaments and a WSOP Online event which he broadcast on Twitch. Records show that he only cashed in 8 events rather than the 11 he claims.
If he included the WSOP Online events from the summer to bump up his number of cashes then he didn’t include those on his tournament tally record. He definitely did, of course, make three final tables at the Rio.
Why Fudge the Results?
It’s been a big story throughout the WSOP that Mike Matusow charged 1.5 markup with many commentators claiming that his status in the game today doesn’t warrant such an amount.
The thread on 2+2 even pointed out that this is more than what German Wunderkind Fedor Holz charges.
Over a period of weeks, Matusow became embroiled in social media spats over whether he can even be considered a top player anymore, which he wrongly took as a personal slight on his entire career.
It was probably because of this intense situation that he might have possibly fudged his results to claim a much higher ROI—return on investment—figure than he really achieved.
What Really Happened?
From the figures posted in Mike Matusow’s tweet, he has a cash rate of 48% and ROI of 17.48%, but that doesn’t seem to be the truth according to stats wizard Rob “AtariRob” Smith.
Collating all of the available data, he posted that Mike Matusow played 24 verifiable events during the official WSOP, paying $162,000 in buy-ins and cashing for $174,736.
This makes a grand total of $12,736 profit for around 8% ROI. Quite a difference!
Now, as many readers will be aware, Mike Matusow was also extremely vocal about the rules for rebuys in WSOP events. If he himself took multiple shots in some of the events, then clearly it is likely he didn’t even profit at all.
Something that is known for certain, is that out of all the $10,000+ events that he took staking for on YouStake, he ended up in the red. This means that the 50% markup that he charged was more profitable than his playing results.
We should point out that it is a free world and that people who buy pieces of such a player are often doing so to get involved with the thrill of backing an exciting character, rather than finding the most profitable opportunity available.
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