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Author Topic: Tom Brady's Gambling and HUGE loss.  (Read 352 times)
tread93 (OP)
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January 25, 2023, 03:31:09 PM
Merited by The Sceptical Chymist (3)
 #1

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

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January 25, 2023, 04:11:40 PM
 #2


not sure if this is going to be in the gambling forum.

yes, he bet on FTX and lose. and right after FTX becomes a scam, his wife and Brady broke up. pretty sure, it's the reason why. money definitely affects relationships. he could be unstable for now, any team that would take him might just think twice.









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January 25, 2023, 04:39:44 PM
 #3

I feel like his choice of investing in FTX was influenced by big money that Fried gave him. When a celebrity advertises something you can be sure there was large money at play just like with Kevin O'leary,
They got a lot of money, saw that SBF was loaded and this clouded their judgement. They were victims of a scam rather than gamblers.


not sure if this is going to be in the gambling forum.

yes, he bet on FTX and lose. and right after FTX becomes a scam, his wife and Brady broke up. pretty sure, it's the reason why. money definitely affects relationships. he could be unstable for now, any team that would take him might just think twice.


If we agree that his investment choices were indeed gambling then the topic should be here, if we don't and say these were more of a career and wealth choices, it should be in off-topic or maybe politics and society. It's like those threads asking if investing in bitcoin is gambling. It can be considered a gambling discussion or not, depending on how you see it.
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January 25, 2023, 05:31:13 PM
Merited by tread93 (1)
 #4

Tough luck, I should say. He might be a baller in NFL but he obviously isn't that lucky when it comes to these chances and a lot of other things. FTX is an investment that not everyone thought would go the way it did, because SBF was very open to whatever questions the media has in the exchange and was a very likeable guy, not until all of his secrets were uncovered and all of his poor decisions exposed. I wouldn't blame Brady for believing in FTX, as other renowned investors also took their chance on the said exchange. It would have been a good decision had it not been for SBF misappropriating the funds of the exchange and using it for his own good.

Anyhow, that's gambling for you. You win some, you lose some.

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January 25, 2023, 05:47:06 PM
 #5

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

For sure he has made a big gamble on FTX, if I'm not mistaken, he is one of those who had the laser eye viral for crypto? So he really went all in with his money or with her wife Giselle (than time), and now ex-wife. And he has been seen with SBF in public many times with picture of both of them together.

So I guess he has been in this game for so long that for sure he will bounce back. And yeah probably since a one year contract on whoever team is willing. It will be sentimental if NE will pick him up again, but who knows.

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January 25, 2023, 07:49:58 PM
 #6

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 

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January 25, 2023, 07:56:49 PM
 #7

He is very rich and has a great wealth. He may have lost a lot gambling, but certainly not all of his wealth. And he's quite active in the movie business, he definitely gets a few million per movie he's in. But you don't know if he keeps gambling or decides to stop now. It is always difficult to verify such stories. Often things are hyped up in the media to get ratings. Incidentally, there are many more movie stars who become addicted to drugs, alcohol and that is regularly accompanied by a gambling addiction. But the difference is that these movie stars can miss the money quite easily since a lot of money comes in again over time.

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January 25, 2023, 08:04:23 PM
 #8

Sorry to use the word but I think he was just plain stupid, I never do and will never sympathize with this type of gamblers, I am sure he knew what he was doing when he was betting thing he probably can not afford to loose, though I don't know who this man is, but he's name does ring a bell, I am just right now imagining the possibility of me gambling to the extent of betting my marriage, this is a thing only a fool at forty would do.
I don't pity him in any way.

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January 25, 2023, 08:54:23 PM
 #9

I also have sympathetic mood with him but Tom being a professional gambler would have quickly realized himself and walk away. And some why gamblers loss Suh huge amount of because of greediness. They want to win all. That is the final hope all gamblers. They are always having hope to win big and that is also killing them. He wouldn't use his marriage for gambling, now he is bearing the pain alone. Wish ones are always play or bet According to their pockets not outside the jurisdiction. All is well. God will elevate him again









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January 25, 2023, 08:56:07 PM
 #10

Do you want my thoughts? nothing, it's normal.

He was gambling & investment, that's mean he is already aware the risk and cons for what he did. So, nothing surprise at all for what he get right now. Even the loss is effected on his economy, the easy things about celebrity or famous people.

He still can use the famous of his name, to gain at least some source of income.

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January 25, 2023, 09:03:48 PM
Merited by The Sceptical Chymist (3)
 #11

Sorry to use the word but I think he was just plain stupid, I never do and will never sympathize with this type of gamblers, I am sure he knew what he was doing when he was betting thing he probably can not afford to loose, though I don't know who this man is, but he's name does ring a bell, I am just right now imagining the possibility of me gambling to the extent of betting my marriage, this is a thing only a fool at forty would do.
I don't pity him in any way.
Dude went overboard and took too high a risk, well now that this exit scam of FTX has rendered him bankrupt and he lost his marriage what is he goi g be channelling his energy into now?

I guess this dude was high on something, I don't have the full gist of how all this happens and the details of what led to his divorce.

Did he gamble his marriage as a bet, or did he just riak all his life savings on acquiring some FTX token and assets or did a hard a large pool in the trading and lending platform that has been suspended with investors' funds locked?

R


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January 25, 2023, 09:12:04 PM
 #12

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

While nobody should take any sort of happiness out of others misery, he absolutely brought this on himself and it was done out of greed. If he had approached a proper financial advisor and took their advice, he would be sitting on a diversified income stream from the huge salaries and endorsements that he has earned over time. Instead, based only on the way you described it, he took a punt on one major investment which has turned bad. The only reason people do these things is that they were sold the idea that it would double, triple or otherwise multiply his money in a short period of time. Wise money invests in the long game and expects small but steady returns over time. Either way, he has enough history to work a smaller fortune back up because he has a massive fan base who will sustain him.

R


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January 25, 2023, 09:22:21 PM
 #13

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 
If there are no solid proofs then all of the words would be floating around would really just remain speculations which its never been that good to make out or draw some conclusions without any basis.i
If he had been into that situation then it is really just  that safe but as long a certain person wont that quit and still thrive then everything would really be having the solution.
Lets just not make out some conclusive approach about others problems because each of us does have a problem and would really differ to each other.
Lets just hope that he would be able to make it.

R


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January 25, 2023, 09:27:55 PM
 #14

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 
If there are no solid proofs then all of the words would be floating around would really just remain speculations which its never been that good to make out or draw some conclusions without any basis.i
If he had been into that situation then it is really just  that safe but as long a certain person wont that quit and still thrive then everything would really be having the solution.
Lets just not make out some conclusive approach about others problems because each of us does have a problem and would really differ to each other.
Lets just hope that he would be able to make it.

i'm with you here. i am a believer of the saying, "there's hope as long as you're alive". so yeah, even if he seemed to lose everything today, if he won't give up, he can still recover those losses. maybe not his ex-wife, but at least get back on his feet financially. for sure, he still has some savings to go on with this life. remember, a lot of people on this world are living paycheck to paycheck or even just few hundred bucks a month. he's an athlete, he can very well find another job or team, if he is not choosy.

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January 25, 2023, 09:46:57 PM
 #15

something I noticed in those years is that the rich rarely become completely poor, especially in today's world where wealth calls for more wealth, I believe he still has a lot of money to live on until he dies, of course the loss he had was regrettable in FTX but as he also had many people who lost money, I know that many people will say that he was not very smart in the move he made

but we need to look at this situation in the following way: we have binance, which has been a highly successful and reliable exchange for years, so guys with money and the idea of creating an exchange similar to or better than binance appear, this all generates a lot of optimism in the market attracts many people, how many people would be thinking things like: ¨ the owner of the ftx could be a scammer ¨, if someone said that at the beginning, it would be seen as crazy

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January 25, 2023, 09:48:18 PM
 #16

OP, The drama is that one of the best athletes in contemporary history, it is important to highlight, it is not just about the NFL, it is not capable of assuming his retirement.

Nothing is perfect, he is human and that adrenaline that winning generates him and spending his whole life doing the same thing and with such success, what leads him to the mental exhaustion of what to do?  How I live the rest of my days without that adrenaline rush from each game and knowing that I can win.

What he did to go to the Tampa Bay Buccaneers and win one more championship, it's something that... How to describe that!  Amazing!

Done, retire after that, what else is there to look for... nothing.

But it is a situation that all athletes go through, most of whom do not know how to manage their retirement.

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January 25, 2023, 09:53:24 PM
 #17

Being a player and gambler at the same time can’t work all the time, its too bad for Tom on losing almost everything. This is not the end yet for him, he should focus more on his playing and be better. From all his bad experiences last year, I do hope that he will find his way to rise again and hopefully he already learned the lesson. Gambling is bad if you take it too much, greed and addiction will take you on a bad situation.

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January 25, 2023, 10:06:02 PM
 #18

Tough luck, I should say. He might be a baller in NFL but he obviously isn't that lucky when it comes to these chances and a lot of other things. FTX is an investment that not everyone thought would go the way it did, because SBF was very open to whatever questions the media has in the exchange and was a very likeable guy, not until all of his secrets were uncovered and all of his poor decisions exposed. I wouldn't blame Brady for believing in FTX, as other renowned investors also took their chance on the said exchange. It would have been a good decision had it not been for SBF misappropriating the funds of the exchange and using it for his own good.

Anyhow, that's gambling for you. You win some, you lose some.

SBF was a good liar but many people saw through him months ago. You can see videos of people calling him out at least a month before the collapse. I won't shed a tear for Tom because he was advertising this scam. It's one thing to be an investor and another to be promoting this for other people to see and making them lose their money alongside of him and his wife.
Of course we don't know if he really lost money and how much because it appears that most of the money allegedly defrauded by SBF is still there, so there's a chance most people will get their investment back. Maybe Tom isn't as much under as people think he is.

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January 25, 2023, 10:07:58 PM
 #19

money definitely affects relationships.
This is now becoming a common thing when it's come to relationships not just from normal people like us but even in celebs and athletes.

But it is a situation that all athletes go through, most of whom do not know how to manage their retirement.
Right, many of them aren't prepared to face the future because they're earning big with such contracts as of the moment. But little did they know, their fame and strength will eventually fade and the future will show them on what type of person they are in handling their finances.

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January 25, 2023, 10:25:27 PM
 #20

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 

Probably we really don't know, but once Tom decided to go back to football again, that's were all the rumored circulated and then we hear later that Giselle has filed for divorce. So it just makes us wonder if that could really be one of the biggest reason since Giselle goes into public way before that he didn't want Tom to go back to that sports because of Tom's age.

Anyhow, every person has to take that gamble in life, it just so happen for him that he associated with the wrong person of power (SBF), and then invested almost half a billion if I read the reports correct. But that is his decision and it goes backfired.

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January 25, 2023, 10:42:24 PM
 #21

Being a player and gambler at the same time can’t work all the time, its too bad for Tom on losing almost everything. This is not the end yet for him, he should focus more on his playing and be better. From all his bad experiences last year, I do hope that he will find his way to rise again and hopefully he already learned the lesson. Gambling is bad if you take it too much, greed and addiction will take you on a bad situation.
He is in a big dellima right now that he had lost everything that he had successful earned. This is why we need to be very careful the way we go about gambling. Gambling is bad when we don't have a proper control of it which can lewd to side effect of becoming an irregular gambler that can go extra miles to make sure they get what they want which can eventually lead to bad luck.

 The previous year had been a turbulent one from Tom and I hope he will stand on his feet again not overthinking or doing something that would damage his image more. This life is all about risks and when we take it and become successful then we become a win but the contrary would make us a great failure.









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January 25, 2023, 10:44:48 PM
 #22

Ehhhh not so sure I'm with you on this.  First off, no one really knows why Tom Brady and his wife decided to divorce.  I'm sure his continued football career deep in to his 40's is part of it, but I'd also guess that it was certainly not THE reason for the divorce. 

Also, no one really knows how much money Brady had invested in to FTX.  I've been reading all these wild accusations saying he put every dollar he had in to FTX etc etc, but this is all conjecture. 
If there are no solid proofs then all of the words would be floating around would really just remain speculations which its never been that good to make out or draw some conclusions without any basis.i
If he had been into that situation then it is really just  that safe but as long a certain person wont that quit and still thrive then everything would really be having the solution.
Lets just not make out some conclusive approach about others problems because each of us does have a problem and would really differ to each other.
Lets just hope that he would be able to make it.

i'm with you here. i am a believer of the saying, "there's hope as long as you're alive". so yeah, even if he seemed to lose everything today, if he won't give up, he can still recover those losses. maybe not his ex-wife, but at least get back on his feet financially. for sure, he still has some savings to go on with this life. remember, a lot of people on this world are living paycheck to paycheck or even just few hundred bucks a month. he's an athlete, he can very well find another job or team, if he is not choosy.
There are really just some people who do easily give up and believe that everything is over and this is why some people do end up on some suicidal attempts because the current things that they are facing is the end of their lives which is really that very wrong.Just like i said that as long you do breath and live, there's always a chance for you to cope up and solve out problems.There's no problem that has no solution.It is really just a matter
on how you would be standing up and trying out to cope up and tries to recover because if you do find yourself on easily giving up then you would be ending up on messing
it up entirely.

R


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January 25, 2023, 11:02:36 PM
 #23

Tom Brady officially announced his retirement prior to the 2022 NFL season:

Quote
Seven-time Super Bowl champion Tom Brady officially announces retirement from NFL

February 1, 2022

https://www.cnn.com/2022/02/01/sport/tom-brady-retirement-nfl-spt-intl/index.html

You can see by the date he initially planned to retire. Probably to spend more time with his wife and family.

Quote
Tom Brady opens up about his divorce from Gisele

In a recent conversation on his podcast, Brady talked about some of the personal costs of playing in the NFL for two decades.

“I haven’t had a Christmas in 23 years and I haven’t had a Thanksgiving in 23 years, I haven’t celebrated birthdays with people that I care about that are born from August to late January. And I’m not able to be at funerals and I’m not able to be at weddings,” Brady said.

Meanwhile, in an interview with Elle magazine published in September, Bündchen, 42, said she had “concerns” about her husband returning to the field after initially retiring last winter.

“This is a very violent sport, and I have my children and I would like him to be more present,” Bündchen told the publication. “I have definitely had those conversations with him over and over again. But ultimately, I feel that everybody has to make a decision that works for [them]. He needs to follow his joy, too.”

https://www.cnn.com/2022/11/01/sport/tom-brady-gisele-divorce-open-up-intl-spt-scli/index.html

I don't think Tom Brady expected to make it to the superbowl this year.

Everyone that plays for the tampa bay buccaneers probably didn't train hard or prepare well for the 2022 season. Given that all of them thought Tom Brady was retiring.

If they were making a run for the superbowl they would have needed to plan for the 2023 year when everyone could have put in the preparation to make it happen.
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January 25, 2023, 11:42:12 PM
 #24

Tom Brady officially announced his retirement prior to the 2022 NFL season:

Quote
Seven-time Super Bowl champion Tom Brady officially announces retirement from NFL

February 1, 2022

https://www.cnn.com/2022/02/01/sport/tom-brady-retirement-nfl-spt-intl/index.html

You can see by the date he initially planned to retire. Probably to spend more time with his wife and family.

Quote
Tom Brady opens up about his divorce from Gisele

In a recent conversation on his podcast, Brady talked about some of the personal costs of playing in the NFL for two decades.

“I haven’t had a Christmas in 23 years and I haven’t had a Thanksgiving in 23 years, I haven’t celebrated birthdays with people that I care about that are born from August to late January. And I’m not able to be at funerals and I’m not able to be at weddings,” Brady said.

Meanwhile, in an interview with Elle magazine published in September, Bündchen, 42, said she had “concerns” about her husband returning to the field after initially retiring last winter.

“This is a very violent sport, and I have my children and I would like him to be more present,” Bündchen told the publication. “I have definitely had those conversations with him over and over again. But ultimately, I feel that everybody has to make a decision that works for [them]. He needs to follow his joy, too.”

https://www.cnn.com/2022/11/01/sport/tom-brady-gisele-divorce-open-up-intl-spt-scli/index.html

I don't think Tom Brady expected to make it to the superbowl this year.

Everyone that plays for the tampa bay buccaneers probably didn't train hard or prepare well for the 2022 season. Given that all of them thought Tom Brady was retiring.

If they were making a run for the superbowl they would have needed to plan for the 2023 year when everyone could have put in the preparation to make it happen.
Well, for sure he has plans. He's not even new in that industry for him to have a huge name. Such thing happened for a couple of times in any industry but more often in sports. Some players are tired and some are just wanting to take an ease with their career. There are even athletes who have retired early but still came back for another season. Bottomline is, no matter what reason he has, that would be his concern. We, as fans, can also support him for what he is doing. But I hope this coming league would still be as exciting as before wherein betting is not only done for money alone but for entertainment and enjoyment as well for the fans of this industry.

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January 25, 2023, 11:51:19 PM
 #25

The most important use for money is security so the lack of it can alter things dramatically in life.  Which is why we never exceed a budget beyond gaming, dont rely on one bet paying off to be ok.  
  I think in this case Tom Brady will be fine, he has his skill and knowledge and can keep using those for years to come in one way or another; he himself is a resource in demand & with a long career imo.   Even if he has nothing now, he has enough to make a living far more then most .

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January 25, 2023, 11:52:00 PM
 #26

What a sad situation for him because of what happened there are a lot of people in that particular situation, and you have to choose only between two, career or family. That’s a tough decision, and you need to assess what you want in your life.

Obviously, we know what Tom Brady chose and that’s his decision we just have to respect it and I hope he is accountable for it.

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January 26, 2023, 06:50:38 AM
 #27

I think whatever he does, of course he already understands the risks, so why do I feel sorry for him, while we also know that everyone when betting anything is of course conscious unless he is drunk, but I think that will be an important lesson for him  Wink

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January 26, 2023, 06:55:10 AM
 #28

This a very sad story and I also do Fe for him but in the other hand be shouldnbe aware of the dangers of chasing after losses and I'm sure that's one of the major things that brought his downfall but his also very strong to have come out to address the public or for an interview despite all he must have been going through.
I learnt the very hard way not to gamble with money you can't afford to lose or borrowed money not belonging to you and it was far back over 3 years back when I gambled away over $1800 and it was a very huge sum of money in my local currency a d that very incidence messed my entire life up and today I finally moved passed it and sworn never to bet involved in such act no matter how promising the game might seem

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January 26, 2023, 07:29:40 AM
 #29

Many people who have their funds with FTX or even have investment in the token not have a single thought how bad things would go like the whole FTX collapse and exposing what they were actually doing behind the scenes.So it was his bad luck that he lost the money but many others have also lost significant wealth with this crash and scam of SBF.

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January 26, 2023, 07:53:29 AM
 #30

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

Betting his marriage?This has only two option,the first one if he was crazy enough to throw away everything build up so far with his family if they were truly getting along nicely or the second one which I hope is not the case,he had enough of this marriage and his wife  Grin that he wanted to get rid of these.

Gambling has shown us throughout history that it can destroy lives and if he was good and great and gambled all these away because of his feeling superior in predicting outcomes to the Super Bowl then he has screwed up really really big in the worse possible way.I feel empathy for him as a gambler myself but this is something I would never do.

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January 26, 2023, 07:55:56 AM
 #31

So they really put all thier money into FTX, unlike Oleary who only invest the money that was paid to him by FTX for shilling the company. It would be sad if Brady and his wife put all thier money into one basket. It's like no one had advised them about investment.
It's a big lesson to learn but because Brady is still a baller. He could make money more than what is lost.

Many people who have their funds with FTX or even have investment in the token not have a single thought how bad things would go like the whole FTX collapse and exposing what they were actually doing behind the scenes.So it was his bad luck that he lost the money but many others have also lost significant wealth with this crash and scam of SBF.

I only see a few people actually claimed they lost millions on FTX. They may be embarrassed but the streamers who promoted FTX are still doing vlog but are now shouting scams to FTX.


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January 26, 2023, 08:53:49 AM
 #32

Many people who have their funds with FTX or even have investment in the token not have a single thought how bad things would go like the whole FTX collapse and exposing what they were actually doing behind the scenes.So it was his bad luck that he lost the money but many others have also lost significant wealth with this crash and scam of SBF.
This provides a reality and a lesson for all of us not to put all our assets into an exchange even if the exchange is good because we also don't know whether the exchange will survive in the future. And when someone loses in any way and feels disappointed, that's normal for that person to experience. What sets him apart is that if he continues to sink into his disappointment and can't get back up to try fixing things, he still has a chance, even if the people around him don't believe he can still get up. What he has to do is not give up because of that bad experience but instead make his bad experience one of a valuable lessons for him so he can get up again.

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January 26, 2023, 10:07:33 AM
 #33

I think whatever he does, of course he already understands the risks, so why do I feel sorry for him, while we also know that everyone when betting anything is of course conscious unless he is drunk, but I think that will be an important lesson for him  Wink
Because he has self-confidence and believes that the bet he makes can provide a sizable amount of profit, he will not think about the risks that will be experienced because his mind is already closed by the results of that profit earlier.
So do not be surprised if someone dares to take such a big risk if the benefits to be obtained are also large.
Only after an incident like that would he regret and think about what he had done to suffer a loss and lose a sizable amount of money.

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January 26, 2023, 10:34:22 AM
 #34

I think whatever he does, of course he already understands the risks, so why do I feel sorry for him, while we also know that everyone when betting anything is of course conscious unless he is drunk, but I think that will be an important lesson for him  Wink
It's because we think that he wasted his money as far as his association with SBF and his failed project FTX. And it cost him his marriage too, he has a good life already, all he has to do is think about his future and his family.

But I guess that is too much to ask for a athlete or a personality like Tom who thinks he can always win in this game called life.

Now he is back to square one and thinking how he can bounce back financially.

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January 26, 2023, 01:10:15 PM
 #35

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all!

For me, I think he took his gambling to the very extreme of which he ought not to have done, because the last thing any normal human being could do is gamble his wife, of which he did, and I'm sure that should be one of the reason why she is firing for divorce. And from brief research i got from online, I was made to understand that his wife "Gisele Bündchen" is one of the highest paid models in the world, which means she already has her own money, and as such he ought to have invested wisely and not putting everything into one basket, as nobody knows tomorrow.

Moreover, this is what happens when a man gambles

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January 26, 2023, 04:49:21 PM
 #36

I think whatever he does, of course he already understands the risks, so why do I feel sorry for him, while we also know that everyone when betting anything is of course conscious unless he is drunk, but I think that will be an important lesson for him  Wink
It's because we think that he wasted his money as far as his association with SBF and his failed project FTX. And it cost him his marriage too, he has a good life already, all he has to do is think about his future and his family.

But I guess that is too much to ask for a athlete or a personality like Tom who thinks he can always win in this game called life.

Now he is back to square one and thinking how he can bounce back financially.
He hasn't lost everything? I mean people are acting as if he lost all of his money, but this dude earns that much money per year, let alone all the money he has made so far. He didn't lose all that he owned, he still has a ton of investments and assets which means that it is not all of his money, he will be fine financially. Hell this dude could retire today, become a broadcaster and still could make tens of millions of dollars every single year from his new job and commercials.

He has a name and that name alone would worth a lot of money. Whereas, his marriage is a different story, I am not sure if it was because of this or not, but it seems a sad situation indeed.

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January 26, 2023, 05:09:25 PM
 #37

I think whatever he does, of course he already understands the risks, so why do I feel sorry for him, while we also know that everyone when betting anything is of course conscious unless he is drunk, but I think that will be an important lesson for him  Wink
It's because we think that he wasted his money as far as his association with SBF and his failed project FTX. And it cost him his marriage too, he has a good life already, all he has to do is think about his future and his family.

But I guess that is too much to ask for a athlete or a personality like Tom who thinks he can always win in this game called life.

Now he is back to square one and thinking how he can bounce back financially.

I don't think he's lost it all financially. The man still has a lot of gigs to do and a lot of endorsement contracts for himself. Before he gets financially dry, it will take a lot of bad investment choices for him to make. He's still playing at the highest level of NFL, and there's still a lot of companies willing to have him as an endorser for their products or services due to his large following and a lot of audience. It must have hurt for him losing hundreds of millions in FTX, but he can be quite 'frugal' for a while and get the money after a couple of gigs and a couple of contracts.

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January 26, 2023, 05:24:45 PM
 #38

I don't think he's lost it all financially. The man still has a lot of gigs to do and a lot of endorsement contracts for himself. Before he gets financially dry, it will take a lot of bad investment choices for him to make. He's still playing at the highest level of NFL, and there's still a lot of companies willing to have him as an endorser for their products or services due to his large following and a lot of audience. It must have hurt for him losing hundreds of millions in FTX, but he can be quite 'frugal' for a while and get the money after a couple of gigs and a couple of contracts.

That's correct. He was estimated to have a net worth of over $500 million a year ago and lost 40 million in FTX. He also made some other bad investments like buying an NFT with an ape for over $400k and in the fall of last year that NFT was worth only $100k.
The divorce took close to $200 million from him and current reports estimate that he's now worth about $250 million and his wife owns 150 million more than him.

You can say 2022 wasn't Tom's year, but look on the bright side. He could get at least 50% of his FTX investment back because the company has billions in assets. He also has more money than we will ever have, because I consider myself wealthy, but I'm nowhere close to his current fortune. Wish I had 20% of what he owns.

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Casdinyard
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January 26, 2023, 05:32:43 PM
 #39

Regardless of how great of a person you are, you don't toy with your partner's feelings. Of all things you could bet on, you'd bet on your marriage lasting over a specific period of time. That's just nuts. As a fellow gambler I can sympathize with him losing a lot of his money over gambling but I'd say with what happened between him and his ex-wife, he had it coming.
I don't think he's lost it all financially. The man still has a lot of gigs to do and a lot of endorsement contracts for himself. Before he gets financially dry, it will take a lot of bad investment choices for him to make. He's still playing at the highest level of NFL, and there's still a lot of companies willing to have him as an endorser for their products or services due to his large following and a lot of audience. It must have hurt for him losing hundreds of millions in FTX, but he can be quite 'frugal' for a while and get the money after a couple of gigs and a couple of contracts.

That's correct. He was estimated to have a net worth of over $500 million a year ago and lost 40 million in FTX. He also made some other bad investments like buying an NFT with an ape for over $400k and in the fall of last year that NFT was worth only $100k.
The divorce took close to $200 million from him and current reports estimate that he's now worth about $250 million and his wife owns 150 million more than him.

You can say 2022 wasn't Tom's year, but look on the bright side. He could get at least 50% of his FTX investment back because the company has billions in assets. He also has more money than we will ever have, because I consider myself wealthy, but I'm nowhere close to his current fortune. Wish I had 20% of what he owns.
Still, to lose almost half of all you own on a single streak is just something. I'm pretty sure he still has the avenues and opportunities to reclaim most of the earnings he lost through other ways. But man, that is just a punch in the gut if I ever see one.

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rhomelmabini
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January 26, 2023, 05:48:38 PM
 #40

What a sad situation for him because of what happened there are a lot of people in that particular situation, and you have to choose only between two, career or family. That’s a tough decision, and you need to assess what you want in your life.

Obviously, we know what Tom Brady chose and that’s his decision we just have to respect it and I hope he is accountable for it.
Yeah, he did that decision and one thing is for sure he knows the risk on it but I don't think he'd go broke, maybe he needs to start living way less compare to what he's doing before this had happened. The guy is still breathing and to be honest he'd even live for a decade with the money he has, there are other lives out there worst than his. Start living the frugal way and choose wise decisions next time, life is a continuous learnings.
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January 26, 2023, 06:19:22 PM
 #41

You mean by bet on FTX is he invest in it? Welp he isn't alone with this and I won't totally blame him because FTX do also started very well. What I only don't like is to risk his marriage. Indeed, that can made this guy the biggest loser as marriage is something sacred than millions or billions of cash out there. His decision is right of not letting his career end.

This is the only thing that he have right now and he can still recover the money that he lost in FTX once he perform well in his games. I am only sceptical if he will be picked up by a better team after knowing his story not that they think this can affect his gameplay. True fans will still hope better things for this guy.

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January 26, 2023, 06:21:25 PM
 #42

I doubt Tom invested $600M of his own money into FTX.
I think he owned equity worth $600M in FTX. Big difference.

He also just signed a $375M 10 year contract to commentate for Fox Sports so I'm sure he'll be fine and is the undisputed GOAT.
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January 26, 2023, 06:23:06 PM
 #43

He definitely dropped the bag by choosing football over his wife, but I’m guessing they had other issues going on that were the real cause.

Early reports were saying he lost as much as $650 million on the FTX collapse, which would probably bankrupt the guy, but more recent reports are saying he only lost $45 million, which is basically a year’s salary for the guy.

I hope he’s able to get by with the rest of his millions and find some sort of resolution with his wife. I wouldn’t be asking him for financial or marriage advice though.

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January 27, 2023, 01:27:44 PM
 #44

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?
I don't know who Tom Brady is, but after reading this thread I tried to find out who he is and it turns out that Tom Brady is an NFL legend. because in the beginning I never bet on NFL games.

it was so sad when the NFL legend lost so much money in the FTX crash and he lost his wife as well. but what if it is already a risk that must be borne by Tom Brady when investing in FTX. I consider investing in exchange platforms like gambling, maybe you will gain in the beginning but will lose in the end like Tom Brady.
it would be very sad if if I were Tom Brady there would be lots of questions raised and just silently lamenting the fate of not being able to answer anything every time there was a question about that incident.

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January 27, 2023, 03:05:26 PM
 #45

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?
I don't know who Tom Brady is, but after reading this thread I tried to find out who he is and it turns out that Tom Brady is an NFL legend. because in the beginning I never bet on NFL games.

it was so sad when the NFL legend lost so much money in the FTX crash and he lost his wife as well. but what if it is already a risk that must be borne by Tom Brady when investing in FTX. I consider investing in exchange platforms like gambling, maybe you will gain in the beginning but will lose in the end like Tom Brady.
it would be very sad if if I were Tom Brady there would be lots of questions raised and just silently lamenting the fate of not being able to answer anything every time there was a question about that incident.

I couldn't imagine how he chose the super bowl over his wife. That was such a desperate move. Risking all his wealth on scam which is also their conjugal property is too insane. However, he has his own reason for doing all these things but for ordinary people, we'll surely never replace our life partners in the name of money. For sure, he is already facing the consequences of his actions and might regret things later on. Well, we can't blame the people who would always ask questions about his decision.
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January 27, 2023, 03:33:43 PM
 #46

It's only a man that hasn't gone through difficult times would mock and smile at the predicament of another. We all have had challenges but this one is one in the highest grade especially for a popular figure as that.
While we don't mock at him we should also tap some lessons from this scenario that no matter how good and sure an enterprise might seem never throw all your eggs into it. I hope Mr Brady got back to his feet (financially) soonest.
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January 27, 2023, 04:08:49 PM
 #47

It's only a man that hasn't gone through difficult times would mock and smile at the predicament of another. We all have had challenges but this one is one in the highest grade especially for a popular figure as that.
While we don't mock at him we should also tap some lessons from this scenario that no matter how good and sure an enterprise might seem never throw all your eggs into it. I hope Mr Brady got back to his feet (financially) soonest.
It is kinda sad that it happens to him, it is also broke his marriage and that is more painful. We should learn from what happen to him, we should think the consequences that might happen to our future and to the people around us if we are going to give up and let ourselves be addictive to gambling, we should learn that moderation and discipline. It is unfortunate that it happens to him and his family.
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January 28, 2023, 08:05:36 AM
 #48

Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

I had no idea Tom Brady was doing so badly in 2022. When I was younger I always felt a bit jealous about him, because he managed to get Gisele Bundchen, my number 1 crush when growing up. Seems a bit crazy how you can "ruin" the perfect life with so much money and the perfect family. Ruin is probably the wrong word here, he is healthy and will so fine in life. Even in case he lose a big fortune, he can just rebuild it. A few new advertising deals and he should be fine. No idea how you can lose a lot of money in the FTX scandal, with the millions he had it would have been best to spread the money out, buy different properties to rent out, a well diversified stock portfolio, a save retirement fund. High net worth individuals usually have money managers that make sure they don't take all the risky deals out there. What we can learn from this is that even the best among us can lose big in gambling. We should always gamble within our comfort zone and make sure not to use money we can't afford to lose.
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January 28, 2023, 09:04:14 AM
 #49

Can't exactly say objectively whether his decision to leave his wife for his career was good or not, but subjectively I'd say it's pretty dumb, it's been a long 23 years, and I think it was high time he took care of his family instead but hey, to each their own. There may be other reasons but well, we'd probably never know.

As for any investments he made, well, it is what it is. That's just how investments go, whether the reason was a natural market crash or because the team behind the project itself fucked up, those are natural risks that people naturally shoulder when investing.

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January 28, 2023, 10:00:46 AM
 #50

$45 million for Tom Brady and $25 million for his ex-wife Gisele. $70 million gone in the wind which I think is the spark of their misunderstanding but that's not all the reason behind their break up. There's more.
Anyway, back to the FTX crash, it's not just the huge loss that will be their problem because I think they can recover that in a year or 2, but the incoming lawsuits are the biggest problem of all.
They are the top endorsers of the said exchange and there are investors blaming them for being the face of it and yet not doing their job to have an assurance that won't happen.
Always the problem when it comes to cryptocurrencies, that is why I don't follow celebrities when it comes to investing.

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January 28, 2023, 06:21:57 PM
 #51

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

Feel bad for him?  Lol. He can go broke every year and become a millionaire over and over again just on his likeness.  He has a sitting 10 year broadcasting contract for $350million once he retires.  Getting g divorced happens all the time.  Dude has an insanely good life so no.  Don't feel bad for him

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January 28, 2023, 06:43:21 PM
 #52

Can't exactly say objectively whether his decision to leave his wife for his career was good or not, but subjectively I'd say it's pretty dumb, it's been a long 23 years, and I think it was high time he took care of his family instead but hey, to each their own. There may be other reasons but well, we'd probably never know.

As for any investments he made, well, it is what it is. That's just how investments go, whether the reason was a natural market crash or because the team behind the project itself fucked up, those are natural risks that people naturally shoulder when investing.

23 years isn't a joke because they have been through lots of uos and downs but leaving his wife for his so called career would be unfair. He might have his own reasons what he did is really wrong. I wonder if he's regretting his decisions up until now.

Losses because of failure in investment usually happen even to ordinary people. It's just that he has invested a huge amount in a single project. They say that we shouldn't put all our eggs in one basket and I guess all the things that happened to Tom Brady have served him a lesson already.
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January 28, 2023, 09:36:00 PM
 #53

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

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January 28, 2023, 09:47:40 PM
Last edit: January 28, 2023, 10:02:25 PM by TimeTeller
 #54

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

With their status in life, it is not the financial reason why they are getting a divorce.
Actually, I believe, with their kind of status, the last reason why they will separate is because of money.
It is more on piling up their emotional stress and pride to compromise with each other.
As Bundchen wanted Brady to retire from his sports, but Brady continued to do what he loves to do.
Depression among many other things, they got separated, a lucrative divorce for some people with names.
But of course, they are the ones who will know the real reason of divorce.
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January 30, 2023, 11:59:40 AM
 #55

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?
I don't know who Tom Brady is, but after reading this thread I tried to find out who he is and it turns out that Tom Brady is an NFL legend. because in the beginning I never bet on NFL games.

it was so sad when the NFL legend lost so much money in the FTX crash and he lost his wife as well. but what if it is already a risk that must be borne by Tom Brady when investing in FTX. I consider investing in exchange platforms like gambling, maybe you will gain in the beginning but will lose in the end like Tom Brady.
it would be very sad if if I were Tom Brady there would be lots of questions raised and just silently lamenting the fate of not being able to answer anything every time there was a question about that incident.

I couldn't imagine how he chose the super bowl over his wife. That was such a desperate move. Risking all his wealth on scam which is also their conjugal property is too insane. However, he has his own reason for doing all these things but for ordinary people, we'll surely never replace our life partners in the name of money. For sure, he is already facing the consequences of his actions and might regret things later on. Well, we can't blame the people who would always ask questions about his decision.
surely Tom Brady has reason to bet all his money somewhere where he believes that maybe the money he is betting will be more. what is certain is that we do not know what Tom Brady's reasons are, but what is certain is that everyone must have reasons and goals.

I don't think it's necessary later on, it looks like Tom Brady has started to regret all the mistakes he made. I'm sure he's devastated. but what else can we do if every thing we do is definitely a risk that must be accepted. and now it is Tom's risk that he must accept and he must live.

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January 30, 2023, 12:09:27 PM
 #56

Do you want my thoughts? nothing, it's normal.

He was gambling & investment, that's mean he is already aware the risk and cons for what he did. So, nothing surprise at all for what he get right now. Even the loss is effected on his economy, the easy things about celebrity or famous people.

He still can use the famous of his name, to gain at least some source of income.

Everyone knows the rule of not investing more than you can lose. Gamble only with certain percentage of your income, not your keys, not your coins. But the truth is that the masses don't obey these rules until things go wrong before we will remember these rules.
With the value and acceptability of FTX, nobody really thought that it will end this way, however this is a big lesson to everyone.

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January 30, 2023, 12:21:44 PM
 #57

Do you want my thoughts? nothing, it's normal.

He was gambling & investment, that's mean he is already aware the risk and cons for what he did. So, nothing surprise at all for what he get right now. Even the loss is effected on his economy, the easy things about celebrity or famous people.

He still can use the famous of his name, to gain at least some source of income.

Everyone knows the rule of not investing more than you can lose. Gamble only with certain percentage of your income, not your keys, not your coins. But the truth is that the masses don't obey these rules until things go wrong before we will remember these rules.
With the value and acceptability of FTX, nobody really thought that it will end this way, however this is a big lesson to everyone.

I'm thinking maybe SBF really talk him out on investing on FTX, sweet talking and so he give in the demands and invested huge money.

The amount might be in contention, but for sure, it's on the tune of hundred of millions of dollars and for us, it's huge money. But maybe for this multi millionaire, they still have some money stash somewhere even if they lost that big amount. Maybe he can go back and play again and has millions. But in the personal side, it's hard to recover from it, and if I'm not mistaken, this is his second divorce and it might take a toll on him later.

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January 30, 2023, 03:32:14 PM
 #58

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

With their status in life, it is not the financial reason why they are getting a divorce.
Actually, I believe, with their kind of status, the last reason why they will separate is because of money.
It is more on piling up their emotional stress and pride to compromise with each other.
As Bundchen wanted Brady to retire from his sports, but Brady continued to do what he loves to do.
Depression among many other things, they got separated, a lucrative divorce for some people with names.
But of course, they are the ones who will know the real reason of divorce.

It's hard to find the real reason of divorce, women are generally known as emotional managers and men careless about being emotional. Such things as upbringing could lead to divorce, maybe the player has got no time to discuss with his wife on things that mattered to her; their marriage. Well, his story is not quite unique from other mistakes made by gamblers. But, one of his steps that intrigues me to think that we get riskier when we get richer is betting on his marriage.  That's a wrong move, he could've staked his house instead. And he added to his mistake by trusting a cryptocurrency firm, out of being blinded by the friendship he got with SBF. It's just not a good time for him, but he'll get back on to his good living, maybe get a new wife.

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January 30, 2023, 03:50:42 PM
 #59

not sure if this is going to be in the gambling forum.

yes, he bet on FTX and lose. and right after FTX becomes a scam, his wife and Brady broke up. pretty sure, it's the reason why. money definitely affects relationships. he could be unstable for now, any team that would take him might just think twice.
That depends on how the OP wishes to convey it, as though it may fall under the investment sphere but it is more like a gamble if you are going all in into a single thing. Tough luck favours him, just like him, no one was expecting the second (or first?) largest investment firm to face this to shock the world. I am sure there are a lot more victims like him that we don't know of, and we feel bad for all of them.

Unfortunately, unlike we do imagine, there are lots of investors and traders are betting out side the gambling world like they do go for long or short based on their instincts and by analysis. So, more shocking news may arrive in near future as bear market's cruelty is usually unpredictable.

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January 30, 2023, 04:21:39 PM
 #60

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

With their status in life, it is not the financial reason why they are getting a divorce.
Actually, I believe, with their kind of status, the last reason why they will separate is because of money.
It is more on piling up their emotional stress and pride to compromise with each other.
As Bundchen wanted Brady to retire from his sports, but Brady continued to do what he loves to do.
Depression among many other things, they got separated, a lucrative divorce for some people with names.
But of course, they are the ones who will know the real reason of divorce.

It's hard to find the real reason of divorce, women are generally known as emotional managers and men careless about being emotional. Such things as upbringing could lead to divorce, maybe the player has got no time to discuss with his wife on things that mattered to her; their marriage. Well, his story is not quite unique from other mistakes made by gamblers. But, one of his steps that intrigues me to think that we get riskier when we get richer is betting on his marriage.  That's a wrong move, he could've staked his house instead. And he added to his mistake by trusting a cryptocurrency firm, out of being blinded by the friendship he got with SBF. It's just not a good time for him, but he'll get back on to his good living, maybe get a new wife.

It's not coincident that after FTX they separate ways. Married life is not easy when both of you are money-maker, both are going to have pride, and one fault of the other can resurface every now and then when they argue about something. The relationship can become toxic that way and it sounds very cruel when the fight is about money.

A divorce is even a better option before they say the worse things to each other. But the kids are caught in the middle which is somewhat another loss besides the FTX investment.


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Don Pedro Dinero
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January 30, 2023, 05:56:45 PM
 #61

This man bet his marriage on making it all the way to the super bowl.

You assume something that is pure speculation without proof. I certainly wouldn't be deterred by such an ultimatum, but I think that's just speculation or just a small part of the straw that broke the camel's back. As has been said, the FTX bet and other reasons I understand had much more weight in the separation than a simple childish anger.

It's not coincident that after FTX they separate ways. Married life is not easy when both of you are money-maker, both are going to have pride, and one fault of the other can resurface every now and then when they argue about something. The relationship can become toxic that way and it sounds very cruel when the fight is about money.

In my opinion, this reason may have had much more weight in the separation, not only because of the loss of money but also because of the stain on their reputation.

CryptoYar
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January 30, 2023, 06:58:59 PM
 #62

I doubt Tom invested $600M of his own money into FTX.
I think he owned equity worth $600M in FTX. Big difference.

He also just signed a $375M 10 year contract to commentate for Fox Sports so I'm sure he'll be fine and is the undisputed GOAT.
Yes, you are right it was $600M worth of equity. Tom and his ex-wife were brand ambassadors for FTX amd they were holding 2 million shares in FTX.

So all they have wasted is the time, which they spent on promoting the FTX exchange. nothing else.

Here list of equity holder's list. https://www.theverge.com/2023/1/11/23549926/ftx-bankruptcy-tom-brady-gisele-bundchen
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