Gus Hansen might be considered as one of the best live tournament players in the world, especially since he has just recently won his first ever WSOP Bracelet at the £10,000 Heads-up High Roller Event in the WSOPE London. But online, Hansen seems like a wet rag. In the first week of October alone, he has already lost a whopping $1.5 million, bringing his total online poker losses to a staggering $10.5 million. You can watch the action live at Full Tilt Poker. When signing up, use the Full Tilt Referral Code for 2011: THEGAME

Even the Bracelet won’t cut it

It’s always a huge source of pride for a poker pro to win a WSOP Bracelet, and Hansen winning one this year easily made headlines all over the world. He managed to gain about $460,000 from winning first place in that Heads up Tourney, but in the end, that’s just a paltry sum compared to what he has lost online. Hansen is lucky that he’s quite adept at business or he’d have run bankrupt quite a long time ago. By this time, his record has made him the ‘biggest loser’ of 2010, having already lost $3.5 million since January at Full Tilt. He’s also online poker’s “biggest loser of all time”, which makes him a prime target for some of the more ruthless high stakes players. $10.5 million is no easy feat to take back, after all, and he’d better have a pretty long winning streak if he ever wants to recover.

He should stick to live tournaments

Still, despite Hansen’s heavy losses at the virtual felt, he can still manage to rise up and keep playing. The two reasons behind this is that, all things considered, he’s an excellent businessman and two, he’s an excellent live poker player. He has an eye for all the best decisions and has been known to make genius moves in the poker industry’s framework. Hansen is also an excellent poker player on brick and mortar casinos. Despite not having won a WSOP bracelet other than the one he got last September, Hansen has already managed to gain more than $8 million worth of winnings. That’s an amazing feat, considering how many final tables he must have gotten through to earn that amount. He should stick to live poker if he wants to make a profit. Then again, the fact that he’s willing to play online even if he’s losing speaks only of true love for the game. That’s devotion for you folks.