Poker Stories: Michael Schwimer

Michael Schwimer grew up a standout athlete in Fairfax, Virginia and in high school was a star on his baseball and basketball teams. The 6'8'', 240-pound guard led his team to a championship and was even named MVP over future NBA center Roy Hibbert, but ultimately decided to turn down scholarship offers from Coach Mike Krzyzewski at Duke and Coach Rick Pitino at Louisville in order to pitch for his hometown University of Virginia.

Schwimer decided to finish his degree, and even interned at a hedge fund, before he was drafted by the Philadelphia Phillies. He spent three years in the minor leagues before making his major league debut, and finished his career with a 3-2 record. Schwimer says he made more money in the poker games on team road trips than he did as a player during his time in the league.

After retiring, Schwimer started Big League Advance, a company that invests in (or stakes) minor league baseball players in exchange for a percentage of their future earnings. His second company, Jambos, is now positioning itself in the rapidly-expanding sports betting market.

This December, Schwimer will be appearing on new episodes of High Stakes Poker, which has returned for an eighth season with original hosts Gabe Kaplan and A.J. Benza. Schwimer will be competing against the lineup that includes Tom Dwan, Bryn Kenney, Rick Salomon, Nick Petrangelo, Jean-Robert Bellande, and Brandon Steven.

Highlights from this interview include being born two feet tall, an early appreciation for data, beating Roy Hibbert for MVP, saying no to Rick Pitino and Mike Krzyzewski, the scorecard of hedge funds, being drafted by the Phillies, the truth about his signing bonus, how 'Houdini' got from the minors to the majors, short-stacking the team $100-$200 poker game, Jonathan Papelbon's favorite hand, big buy-in games with Tom Dwan in London, using the element of surprise on High Stakes Poker, the staking business of baseball, sports betting expansion, singing to Bruce Springsteen, reffing sixth-grade basketball games, pizza socks and slaps in the face, and betting $780,000 on the Super Bowl.