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High-Stakes Online Poker: Gus Hansen Loses $1.1 Million On Thursday

Poker Pro Gives Back All Of His Recent Upswing

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Gus Hansen has come crashing down after a big upswing during the middle of the month, which makes one wonder if he can ever recover the magic he had before Black Friday in April 2011. He was on a $6 million upswing during the spring of that year.

The Danish poker pro lost $1.1 million on Thursday, according to HighstakesDB.

Unknown high-stakes grinder Cottonseed1 benefited the most from Hansen’s huge slide, siphoning off more than $500,000 from Hansen during a short session at limit Omaha eight-or-better. In addition to that game, Hansen was playing the $500-$1,000 capped pot-limit Omaha games. He won numerous pots with the max of $80,000, but still lost overall.

With the loss this week, Hansen is back to nearly $9.5 million in losses on Full Tilt Poker over his career playing on the site under the screen name “Gus Hansen.”

Things were looking up for Hansen when he won almost $1.6 million during a single 19-hour session at the nosebleed limit tables on or around May 14. However, true to form, he wasn’t able to maintain any traction, giving it all back over the next 10 days or so.

Hansen has lost just under $3 million online this year.

His online poker life has been wild for years, though he was largely a winner over the first couple years of his time as a sponsored pro for (old) Full Tilt Poker. He started to go on a downswing around mid-2009, and by late 2010 it had amounted to a horrific slump. However, around the time of his first WSOP bracelet Hansen went on a historic heater that lasted nearly a year. He had to take a break from online poker when Full Tilt shut down.

Since returning it has been brutal for one of the best live tournament players of all time. Once in awhile he puts together a strong week, but then he quickly gives it all back before the poker community can start to actually wonder if he has figured things out.

According to the numbers, Hansen is arguably the most unsuccessful player in online poker history, at least among the regulars who grind seemingly day in and day out.