After perusing the poker forums this week there has been constant banter about how Tom Dwan has lost millions of dollars online and appears to be on an extremely bad run. While I am far from a Tom Dwan fan I do respect that he is or was one of the better online players. However, his success never translated to live poker sans the one Poker After Dark cash game he won. From what I have read it appears that Dwans never ending ego has written checks that his game cannot cash and now his bank account is considerably lighter.

It is public knowledge that Dwan recently sat down with Patrick Antonious to play Omaha at $1000 / $500 stakes and lost a cool $1 million dollars on Full Tilt. Although this was not related to his “challenge” it should have been a major cooler and warning sign that perhaps he has bitten off more than he can chew. Players like Brunson, Chan, Hellmuth and Mike Matusow have all said that a bad run can kill your bankroll if you do not maintain your discipline. Dwan would be wise to heed that sage advice and back away from the tables while he still has a place to stay and bankroll to play on. The real question is if his ego will allow him to think straight.

Professional poker players old and young are notorious for having extremely poor spending and money management habits. The smart ones learn from the players that go broke after having won millions. The rest are still asking the same question everyday-

“…would you like fries with that?”

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