Scott Blumstein Backers Get Awesome ROI After 2017 WSOP Main Even

Posted by Carolyn on Jul 27, 2017 Posted in High Stakes Poker News, Poker Player News, WSOP News | No Comments »

Poker pros who want to play high stakes poker are always on the lookout for financial backers that are willing to help them with the buy-in. These financial backers stake a percentage of the buy-in in exchange for a percentage of the cash prize – provided the player they stake ends up in the money. There are a number of websites like chipmeup.com and youstake.com that bring poker players and financial backers together.

Blumstein Used Twitter To Raise Buy-in

New Jersey poker pro Scott Blumstein had to raise $10,000 as he wanted to enter the 2017 World Series of Poker (WSOP) Main Event and took to Twitter to see if he could get people to contribute towards the $10,000. Blumstein had not played in any of the 2017 WSOP events as he decided to prepare and focus solely on the WSOP Main Event. As a result, there was not a lot of information available on Blumstein’s performances in the WSOP and as a result, there were not many who were willing to stake Blumstein.

However a few of his friends decided to stake him with a small sum of money and encourage him to take a crack at the WSOP Main Event. Aldo Boscia, Peter Gerolamo Nick Muldrow and John Scuteri decided to contribute $60 each to help Blumstein raise the $10,000. The 25 year old poker pro ran through a field of over 7,000 poker players and made it to the final table of the WSOP which guaranteed him $1 million. His friends realized that by making it to the final table, their $60 investment would net them a cool $1,000.

Backers Get $40,000 On $60 Investment

Blumstein’s biggest win in poker prior to the 2017 WSOP Main Event was during the Borgata Summer Open in 2016 when he won $199,854 after finishing in first place at the $1 Million Deepstack Kick Off. Although his poker record wasn’t as impressive as some of the other finalists, he was still the favorite since he was the chip leader. He played aggressively and drew a river card in the end to win the 2017 WSOP Main Event and a massive prize of $8.15 million.

His first place win has resulted in his friends getting $40,000 each for their $60 investment. Blumstein said that he was happy to see his friends get a massive return on investment and thanked them for their support and having faith in him.

Tags: , , , ,



Comments are closed.

Promotional News

PokerStars Rebrands Turbo Championship Of Online Poker (TCOOP) Into 2018 Turbo Series
PokerStars, the biggest online poker website in the world has hosted i …
Read more

Global Poker Launches Grizzly Games Online Tournament With $1.5 Million In Virtual Cash
Global Poker launched its Global Poker Championships in 2017 with the …
Read more

Poker Players Will Have An Opportunity To Win 19 PSPC Platinum Passes In January
The PokerStars Players No Limit Hold’Em Championship (PSPC) was …
Read more

World Poker Fund Holdings Announces $50 Million Initial Coin Offering IN 2018
The World Poker Fund Holdings Inc (WPFH), a gaming development company …
Read more