Andrew Barber's Charity Move: Selling Tournament Shares and Donating to Charity

Andrew Barber, a cash game player from California, sold shares of his tournament at WSOP-2016 and donated the difference to charity. He won the HORSE championship, defeating Viacheslav Zhukov in the heads-up final. Barber was a guest on the podcasts of Joe Ingram and Remko Rinkema, where he discussed the problems of the backing market.

Barber, an economist by education, highlighted several issues in the backing market. One of the problems he discussed is the winner's curse, which is a phenomenon related to auctions where the winner always overpays for the item or service. Another issue is the double price or profit without winning, where investors pay more for the shares than the player receives. The principal-agent problem is also a significant issue, where the interests of the player and the investor conflict.

Barber's charity move and his insights into the backing market have sparked discussions in the poker community. His actions and words have encouraged players and investors to think critically about the market and its regulations.