WSOP champ winning awards, losing online

[The Buzz]

Peter Eastgate won the WSOP Main Event at the very young age of 22, the youngest age ever to win the title. He also took home "Rookie of the Year" and "Best Performance" at the PokerStars Scandinavian Poker Awards last week.

Eastgate won a $9 million first prize after the Main Event. And with that kind of bankroll, he decided to up his stakes a little bit online. The results haven't been as smooth as he hoped.

From PokerListings:

"I've had a bad run playing online; I'm kind of losing a lot," he said. "But that's what usually happens to guys who make a big score in a tournament: they run bad in other games."

Immediately after adding the World Series winnings to his bankroll, Eastgate said he began playing $100/$200 and $200/$400 online. He admits now he may have to move down in stakes.

"I tried to play the highest stakes there is online, but unfortunately I couldn't beat those guys," he said.

"I didn't lose that many buy-ins, but on the other hand I'm not really prepared to risk two, three or nine million dollars just to see if I can beat those guys. It doesn't make sense.

"So I am admitting that those guys are better than me. I have a negative equity playing in those games, so I am just going to take it down in stakes to where I can beat the competition."

[TheGooner]

Smart man.

The more I hear of this guy the more I like him.