Doyle Brunson turned down $230 million for DoylesRoom

One of the biggest ever bad beats in poker was revealed by Texas Dolly this week on Twitter.

If you want to get an idea of how big poker was just after the poker boom, here is a great example. 

Poker legend Doyle Brunson was once the face of his own poker room DoylesRoom, which he had a 50% share in. Things were going so well in the early days of online poker that, this week he revealed, he was offered $230 million to sell his share.

However, in 2006 the first major hurdle for online poker in America presented itself, the Unlawful Internet Gambling Enforcement Act (UIGEA) which prohibited gambling transactions over the phone. This led to a grey area for online poker which resulted in most major poker rooms pulling out of the US (and setting in motion Black Friday for those that didn't). 

Doyle revealed that he turned down that $230 million offer this week and after the UIGEA, his 50% stake was worth next to nothing:

This is not the only instance of poker players missing out on fortunes because of bad timing in business. In 2016 Mike Sexton revealed he missed out on $500 million because of the timing of a partypoker deal. 

Have you seen a sicker story of missing out on a potential fortune? Let us know in the comments:

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Comments (3)

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  • GrindingNajra

    #1

    This is not a bad beat.
  • CucumbaMan

    #2

    Wow, tough stories. But Mike Sexton seems to be in peace with his decision, I really like the analogy he said, that a deal like this is a lot like a hand in poker.
  • anduke

    #3

    With their kind of money, it really doesn't matter that much. Doesn't change the quality of their lives :)