OnlinePoker.Net Home

Tensions Rise After Mike Matusow Admits Not Having $2 Million To Pay Prop Bet Against Ted Forest

August 10th, 2010 Author: M. Rhodes

Tensions Rise After Mike Matusow Admits Not Having $2 Million To Pay Prop Bet Against Ted ForestDespite Ted Forest managing to shed an incredible 50lbs of weight over just 2 months to win his massive $2 million prop bet with Mike Matusow, tensions have risen between the two poker pals over the precise terms of the agreement.

The duo are no strangers to making high stake diet prop bets against each other, with Matusow  previously having taken $100,000 off Forest after successfully losing around 70lbs over a year.

This time it was a 188lb Forest’s turn to lose the weight, and a deal was struck whereby Matusow would either win $150,000 or have to part with $2 million, depending if Forest managed to get his weight to under 140lbs within the limited time frame.

By July 15th, Forrest weighed in at 138 pounds to win the bet, but will now have to wait some time to collect his money from Matusow, who now intends to pay up the huge sum at a rate of $5,000 a month. As Matusow explains:

“I don’t have the $2 million to pay out…I made that bet because I didn’t think it was feasibly possible…I could pay him a big lump, but I’m going to wait six months to see if he dies first. I think he’s 50-50 to die. He starved himself for 11 days and ran 16 miles a day. He’s lost all of the muscle around his heart. He could have a heart attack. All that for $5,000 a month.”

Matusow also seems to have his calculations worked out incorrectly, and said he intended to pay the $5,000 monthly payments over an 18 year period. The fact it would take nearer to 33 years to complete the bet was not wasted on Forest, who said:

“He beat me [last year], and I paid him off. I think he should try to pay me as much as he can in the next two months and then work out a satisfactory, reasonable, agreeable payment arrangement.”

As the dispute is set to run a while longer, it would appear to be a good time for Matusow to take on yet another diet prop bet of his own, as he is now likely to start losing more than a few pounds as he begins sweating how to pay out the enormous bet.

Online Poker News Monthly Archive
MONTHLY ARCHIVE
Jun
Jul
Aug
Sep
Oct
Nov
Dec
MONTHLY ARCHIVE
MONTHLY ARCHIVE
MONTHLY ARCHIVE
Jan
Feb
Mar
Apr
May
6 Comments  
Comments
10th August 2010
Jeff

I find the idea that Mike and Ted would have this dispute in public very unlikely. Besides it was clear they did a buy-out the last week.

17th August 2010
DrNo

Nice one Ted. Take your buddy for every cent he has. You know he suffers from mental illness, so wait till he’s drunk and then make a bet that will ruin his life. With friends like you who needs enemies…..

26th September 2010
totyota

DrNo hit it right on the head. Hell, even a house wife from helena knows Mike is sick. Its bad enough that you and your fellow grifters shear him a few times a year, but now you just gut him and leave him to bleed in the street? Congratulations!!!! Ted Forest, youre a true prodessional d-bag. Your parents must be so proud when they tell all their friends how youve successfully ruimed your friends life.

27th December 2010
mark

mike has serious problems, you can clearly see it within all the tv footage. Ted is stupid, and this 2mill payoff is just as stupid. Get mike the mouth some help instead, of trying to make him look bad.

17th February 2011
james

Ted u suck

20th April 2012
Augustine Mckoan

I enjoy the stuff you put in here. Very suitable information. Consider yourself bookmarked.

Leave a Comment