In May the poker world heard the news about a new crazy prop bet between Ted Forrest and Mike Matusow. Forrest won the weight loss bet and 2 million dollars from Mike Matusow. Now Matusow admits that he can't pay.
Forrest was offered more than 13:1 if he could drop his weight from 85 kg to less than 63 kg (weight loss of 50 pounds) in just over two months. The bet was settled on July 15 at the Pavilion room in Rio, with a very lightweight Forrest stepping up to the scale.
According to ESPN columnist Gary Wise, Matusow has stated that he will not pay the $2M in full.
"As soon as he made the bet, I said, 'I don't want you to die,'" Matusow said. "'If you do, I don't have the $150,000.' Then I told him, 'I don't have the $2 million to pay out.' That's how it came down. 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," Matusow said and is planning on paying Forrest off in $5,000 monthly increments. "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. He'll get paid all of it, but I made it clear when we made the bet he'd get $5,000 a month. He tried to kill himself for $5,000 a month."
Forrest doesn't quite agree with Matusow, and he has a fair point: "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."