Tuesday, May 24, 2011

Are Full Tilt players going to get their money?

On a recent radio show poker player Mike Matusow said that he is certain that Full Tilt's U.S. players "will get paid" after over a month of hearing nothing post black Friday. 

"I am not Joe Sebok. I am completely sure," Matusow said. He further stated "legal reasons" prevented him from saying more.

Is Mike Matusow telling the truth?

Matusow went on Quadjacks.com's radio May 17, and used his appearance to say players' funds are safe with the site, despite rumors to the contrary.

 Matusow also claimed fellow Full Tilt pros were advised not to speak out on the case.

"If their lawyers have advised them not to speak out, then that's how it is. They know what they are doing," he said.

Matusow also used the occasion to blast Party Poker pro and PokerNews.com owner Tony G, who himself appeared on the QuadJacks show earlier this week.

Tony G asked why Howard Lederer and Chris Ferguson were keeping quiet about the many rumors surrounding the Full Tilt Poker site, but according to Matusow this was an expression of Tony G's own industry interests rather than a genuine concern for American poker players.

"Tony G is only out for himself and to boost Party Poker. It's all for his own selfish reasons," Matusow blasted.

"Everything Tony G says is fucking bullshit,” he said. “And I'll be happy to tell it to his face. He came to me yesterday and pretended we were friends. I felt like knocking him out."

There are two very interesting sections of this transcript. The first is a statement of assurance and the second is a statement of feeling about another person. Are these statements true?

        Christopher Dillingham writes in Dissecting Pinocchio how to detect liars. Here’s  a relevant quote from the book.
     
            John E. Reid—a nationally known trainer of law enforcement investigators—teaches them to be immediately suspicious whenever someone says “No, I did not” rather than “No, I didn’t”.

His studies as well as others show that a reliable tell of deception is use of the expanded contraction.
Here is probably the most famous use of the expanded contraction.

“I did not have a sexual relationship with that woman, Miss Lewinsky.”-Bill Clinton

When people speak normally they use contractions. When they lie, they don’t. I apply this same analysis to Mike’s statements. When Mike tells the truth he speaks normally using contractions. When he fabricates he extends the contraction.

Truth

"Tony G is only out for himself and to boost Party Poker. It's all for his own selfish reasons," Matusow blasted.

"Everything Tony G says is fucking bullshit,” he said. “And I'll be happy to tell it to his face. He came to me yesterday and pretended we were friends. I felt like knocking him out."

Fiction

"I am not Joe Sebok. I am completely sure."

If he was telling the truth he would have said, “I’m not Joe Sebok. I’m completely sure.”

If he would have simply spoken normally I would have felt very confident that Matusow was telling the truth.

Of course I know he truthfully isn’t Joe Sebok, but the use of extended contractions applies to brain mode and to the context of the statement. The two statements were conceived together.

Be immediately suspicious of anyone using an extended contraction when making an assurance or a denial. This doesn’t mean that Full tilt players aren't getting their money. What it does mean is that Matusow is being deceptive somehow and if I saw him I 'd let him know I know this to his face. It leads me to believe that Full tilt is operating to payback and leaves me questioning with whether their current costs plus legal fees and diminished player base are going to allow them to be able to payback. I suspect someone put Mike up to making the statement, perhaps because he owes them in some way.

Here are five questions I would ask Lederer and Ferguson if I had significant money in Full Tilt(which I don't).

  1. What are the assets that you can sell while still operating?
  2. What are the assets that you can sell if shutting down?
  3. What are you doing to cut costs right now?
  4. What percentage of your wagers(not players) came from the US before black friday?
  5. What were your total costs before black Friday?
Technically if this is the situation they are in debt to the players.

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