Michael the grinder Mizrachi broke

sweep · 10-06-17, 04:54 AM

source?

Cuse0323 · 10-06-17, 05:02 AM

Eh, someone will always stake him. Eventually he will be broke when he's old, and no one gives him money. He was broke years back too then won some tournaments and was supposed to be back. Gonna be tougher now. I doubt he's really broke though. May not be rich.

stevek173 · 10-06-17, 05:15 AM

Michael Mizrachi Net Worth

TheRichest
• Richest Poker Players

Net Worth:$11.2 Million

jjgold · 10-06-17, 05:27 AM

all end up broke

why????????

Poker is gambling

Twos net worth sites are 100%%%%%%%%%%%%%%%%%% inaccurate on all people

Cuse0323 · 10-06-17, 05:36 AM

Originally posted by stevek173

Michael Mizrachi Net Worth

TheRichest
• Richest Poker Players

Net Worth:$11.2 Million

Maybe poker winnings they know about, and some assets. Not the money he pissed away elsewhere.

I think he has an apparel company, or something though. That can at least give him a bit of cash, or get garnished by whoever he owes.

He seems fine on twitter. When people say poker players are broke, they never are. Just not as rich as one would expect.

stevek173 · 10-06-17, 05:39 AM

He got 2nd for $218k in a WPT event April 9th alone

This thread is erroneous

jjgold · 10-06-17, 05:44 AM

He is broke

All bums and degenerates

Those net worth sites do not account for loses

POKER IS A GAME OF RISK

stevek173 · 10-06-17, 05:45 AM

No, he's not

IT IS A GAME OF SKILL COACH

I do NOT like your tone man

Careful

sweep · 10-06-17, 05:50 AM

Some Norwegian Casino just named him their poker ambassador.....he's fine, plus he has a million sponsors and was playing nose bleed NLH on Poker Night in America on Poker Go

Cuse0323 · 10-06-17, 05:56 AM

I wish Tony G would come back. Just had to get into politics, and philanthropy.

RudyRuetigger · 10-06-17, 05:56 AM

steve just keeps showing what a square he is

remarkable

jjgold · 10-06-17, 05:59 AM

SteveyK I WILL SNAP YOU IN HALF

WHERE ARE YOU RIGHT NOW????????????????????????

I CAN BE ON HIGHWAY IN 10 MINUTES

stevek173 · 10-06-17, 06:57 AM

Philly

Come at me bro

jjgold · 10-06-17, 07:08 AM

Lol

A lot of tough guys in the thread

Verified too

mpaschal34 · 10-06-17, 07:20 AM

Leave JJ alone. He knows the life of poker himself. If you recall, he considered himself a poker pro for about 2 days.

jjgold · 10-06-17, 07:38 AM

daneblazer · 10-06-17, 07:44 AM

They are broke because they are degenerates and can’t walk by a craps or baccarat table without dumping their poker winnings on it. Poker skill and money management are two entirely different things.

Cuse0323 · 10-06-17, 07:48 AM

Originally posted by daneblazer

They are broke because they are degenerates and can’t walk by a craps or baccarat table without dumping their poker winnings on it. Poker skill and money management are two entirely different things.

Damn casino places all that right near the exit. I guess I could go the long way out. One of the last times I played, I turned $100 into $970 sitting there for hours. Wanted to get to an even 1K cause I'm dumb. So, play some BJ and 3 minutes later I have nothing. Fck, that one still hurts.

jjgold · 10-06-17, 07:56 AM

very few win at poker long term same as sports

winners are card counters, scalpers in sports, video poker pros that play perfect

cankid · 10-06-17, 10:11 AM

So many don't own their entry, they are pieced off many times over

Crusherrr · 10-06-17, 10:50 AM

The Grinder never bought himself into tournaments anyways. Either sponsored player or he'd sell his entries at 40% markup. Then he'd only keep 30% of himself so whether he cashes in the tournament or not he profits.

SharpAngles · 10-06-17, 11:02 AM

Last I heard his wife Lily was dealing 2-4 limit Holdem in Miami area casinos

ChuckyTheGoat · 10-06-17, 11:06 AM

Would love to see a JJ/Stevie charity Wrestling match. Would pay $20 to see it.

Don't like the facts presented in this thread. $175 tournament doesn't mean he's broke. At WSOP, I played in some $235 tournaments. Based on schedule, some of the hi-end guys would enter this tournament. Played right next to Kassouff.

That said, if there was more substantive evidence, I would believe that Grinder was broke. Look at some of his play. He would often just bet to the hilt, looking for a Fold when he had air + thought his opponent might not be nutted.

ChuckyTheGoat · 10-06-17, 11:07 AM

Originally posted by SharpAngles

Last I heard his wife Lily was dealing 2-4 limit Holdem in Miami area casinos

Point me in the right direction. She has big-cans.

daneblazer · 10-06-17, 11:14 AM

Guy was eating Hardee’s and drinking Busch Lite at the bar. He’s broke

GUMMO77 · 10-06-17, 11:21 AM

Originally posted by ChuckyTheGoat

Point me in the right direction. She has big-cans.

I heard it was the Magic City Casino in Miami. I played there a few times when I was too lazy to drive to Hollywood. The casino is average at best.

SharpAngles · 10-06-17, 11:37 AM

Originally posted by ChuckyTheGoat

Point me in the right direction. She has big-cans.

Lol yes she's legendary. Reminds me of the first time I saw the grinder playing a cash game at commerce way back in the day. She was sitting behind him sweating the action and I thought to myself his girls face is kinda beat I wonder why he's with her. She got up to grab him a drink a while later and I realized his angle. Salud grinder well played

Crusherrr · 10-06-17, 11:47 AM

Turns out a quick google search shows "Mizrachi also had two residential properties in Florida foreclosed on including a condominium he owned with his brother, Robert. In 2016, Aidiliy Mizrachi, his wife,divorced Michael for irreconcilable differences."
Looks like his jewish american princess of a wife took him for all he was worth. Poor guy. His brother Robert was always the better player anyways.

rockmvp1209 · 10-06-17, 11:58 AM

did i mean flat broke no. but for a guy who almost has 20 milli in tournament earnings....to be playing 175 dollar tournies and 2/5 no limit on the reg is crazy ....i remember he was on high stakes poker with his bob marley Jamaican hat on with a million infront of him... weeeeeeeeee. and his wife is a poker dealer? damn...yes correct his ugly brother rob is a beast tho

Crusherrr · 10-06-17, 12:03 PM

Originally posted by rockmvp1209

did i mean flat broke no. but for a guy who almost has 20 milli in tournament earnings....to be playing 175 dollar tournies and 2/5 no limit on the reg is crazy ....i remember he was on high stakes poker with his bob marley Jamaican hat on with a million infront of him... weeeeeeeeee. and his wife is a poker dealer? damn...yes correct his ugly brother rob is a beast tho

$16,000,000 in tournament cashes. Likely at least 50% did not go into his pocket. That's $8,000,000 left. I'd be surprised if he didn't buy in to at least $3,000,000 of MTT's himself. Add in taxes and travel/hotel and some properties and luxuries over the last 13 or so years he was on the grind and it's pretty easy to see how he went broke.

jjgold · 10-06-17, 12:07 PM

You guys don’t realize most of this prize money is accounted for with taxes, expenses loans etc.

jtoler · 10-06-17, 12:16 PM

Broke is a state of mind, Mikey's rich if he believes he's rich, lol.

Optional · 10-06-17, 12:19 PM

I don't know how US poker pros can survive paying 30% tax on winnings and not being able to offset gambling losses against it.

Plus the tipping on cash tables seems to make the math of that not work to me too.

No tax on gambling and no tipping allowed for dealers are rules I like.

sinmiedo · 10-06-17, 12:38 PM

Originally posted by jjgold

all end up broke

why????????

Poker is gambling

Twos net worth sites are 100%%%%%%%%%%%%%%%%%% inaccurate on all people

There is a big content of skill and a small of luck involve in poker.Any decision that involve risk/reward is by nature GAMBLING, best example : any Businesses.
A big majority of player have skill to play but poor bankroll management, in order to be successful in poker you need all of the above, skill,luck and managment.
Sin