Investors Claim Half of Record Poker Winnings ({{commentsTotal}})


Madis Müür, who broke Estonian records for poker earnings, walking away with 425,000 euros from a tournament last week, will have to hand over half of that to investors who bet on his success at the tournament.

The investors, who included a few Estonians, one investment fund and two other players, paid Müür a total of around 5,000 euros before the tournament, and can now claim 225,000 euros, Äripäev reported today.

“Various risk minimization schemes are popular in poker,” Müür said, adding that selling between 30 to 70 percent of possible earnings is the most common of these, but most investments will receive nothing back and the average return is between 5 and 20 percent.

+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.

Ermamaa: The fine art of passing the buck

Admit nothing, blame everyone: those most closely involved in the Ermamaa case don’t need arguments, writes ERR News editor Dario Cavegn.

About us

Staff & contacts | Comments rules

Would you like to contribute an article, a feature, or an opinion piece?

Let us know: