WSOP: Wheelers, dealers, poker pros and CEOs are putting up $1 million apiece for a seat at a first-ever World Series of Poker event offering the rich

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World Series of Poker hosting $1M buy-in event
World Series of Poker hosting $1M buy-in event

World Series of Poker hosting $1M buy-in event
Associated Press | Posted: Friday, June 29, 2012 10:07 am |


LAS VEGAS (AP) — Wheelers, dealers, poker pros and CEOs are putting up $1 million apiece for a seat at a first-ever World Series of Poker event offering the richest top prize in poker history.
Forty-eight players are expected for the three-day no-limit Texas Hold'em event starting Sunday at the Rio All Suite Hotel & Casino in Las Vegas. It ends Tuesday with one winner likely to take home more than $18 million, plus a champion bracelet.
"I think the drama here is the size of the stakes and the eclectic mix of characters sitting at the table," Mitch Garber, chief executive of tournament host Caesars Interactive Entertainment, said Friday. "You have everything — billionaires, a Facebook millionaire, venture capitalists and business people."
The event is called The Big One for One Drop. The international water advocacy charity OneDrop.org will receive an 11.1 percent portion of the buy-in. That could amount to more than $5 million.
In all, nine players will share more than $42 million in prizes if all 48 buy-in slots are filled. Just two spots remained open Friday.
Play at six tables of eight seats each will be streamed Sunday and Monday on the Internet, with final table play shown nearly live Tuesday on ESPN2. A 15-minute time delay ensures hands are played before they are broadcast.
"Many will be known by some segment of the audience," Garber said of competitors including North American poker pros Phil Ivey, Daniel Negreanu, Jonathan Duhamel and Michael Mizrachi, and Danish player Gus Hansen.
International entrants include Eden Shoes founder Frederic Banjout from France, hedge fund manager Talal Shakerchi of England and Cirque de Soleil and OneDrop.org Canada founder Guy Laliberte of Montreal.
Phil Ruffin, the owner of the Treasure Island Resort in Las Vegas, and MGM Resorts International executive Bobby Baldwin are buy-ins, along with Winmark Corp. CEO John Morgan of Minneapolis, Kansas car dealership owner Brandon Steven, Greenlight Capital founder David Einhorn of New York and Chamath Palihapitiya, a California venture capitalist, former Facebook executive and part owner of the NBA Golden State Warriors.
Four winners of play-in tournaments also get seats.
"It's hard to find a better mix," Garber said of the field. He called it a virtual certainty that players at the final table will be recognizable to cable viewers.
An $18 million prize would be about 1½ times the $12 million Jamie Gold won in the World Series of Poker no-limit Texas Hold 'em main event in 2006.
The high-roller championship is the 55th of 61 events in the 43rd annual World Series of Poker. It started May 28 in Las Vegas.
More than 7,000 players are expected for the $10,000 buy-in no-limit Texas Hold'em main event beginning July 7. It ends when the final table is reached July 16 and resumes with finals play on Oct. 28.



Read more: http://thegardenisland.com/sports_w...5a0-5e67-98a0-3fbac309602e.html#ixzz1zE9sIzv7
 

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It's now sold out. All 48 spots are taken. Don't be deceived here. Most of the top players have pieces of each other. I think most of the entry fees are paid for by syndicate of the wealthiest players. This is a really good +EV situation. There is a large amount of dead money in this tournament and the key is to chop up the billionaires. No one is cheating but there is a big difference in ability between some guy who backed into money from his father's business and a pro-player. I estimate about $10 million in this tournament to be dead. $6.25 million goes toward charity and entry fees. That leaves $3.75 million to be chopped up by the remaining 38 players. If you have a 10% ROI that is pretty good money.
 

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Mizrachi is a douche bag I hope he busts first.

Call him what you will... But he is a elite player that is playing out of his mind poker right now. This man may be playing better tournament game than some of the so called "greats."
 

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It's now sold out. All 48 spots are taken. Don't be deceived here. Most of the top players have pieces of each other. I think most of the entry fees are paid for by syndicate of the wealthiest players. This is a really good +EV situation. There is a large amount of dead money in this tournament and the key is to chop up the billionaires. No one is cheating but there is a big difference in ability between some guy who backed into money from his father's business and a pro-player. I estimate about $10 million in this tournament to be dead. $6.25 million goes toward charity and entry fees. That leaves $3.75 million to be chopped up by the remaining 38 players. If you have a 10% ROI that is pretty good money.

Alot of the players have traded parts of themselves, I think that's about as deep as it goes here.
 

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Call him what you will... But he is a elite player that is playing out of his mind poker right now. This man may be playing better tournament game than some of the so called "greats."

no doubt a great player - i'd just heard a few stories, even from guys around here, where he'd taken money to make an appearance and then never showed. Two sides to every story though.
 

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Call him what you will... But he is a elite player that is playing out of his mind poker right now. This man may be playing better tournament game than some of the so called "greats."

He won $2 million at the Borgata a few years back and did not tip the dealers. Not one red cent. Because of him they now take out somewhere in the neighborhood of 3% of the total buy in of any tournament to ensure the dealers get tipped. Known as the "Mizrachi Rule." I reiterate he is a douche bag.
 

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He won $2 million at the Borgata a few years back and did not tip the dealers. Not one red cent. Because of him they now take out somewhere in the neighborhood of 3% of the total buy in of any tournament to ensure the dealers get tipped. Known as the "Mizrachi Rule." I reiterate he is a douche bag.


Bullshit JB. Maybe he didnt tip, but they have used the 3% for many years! I know that when I won a big tournmanent back in 2005, there was 3% taken out of the pool for dealers and tournament staff. And all tournaments list the 3% at the bottom of the information sheet. It didnt just start 2 years ago, it started about 10 years ago
 

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Bullshit JB. Maybe he didnt tip, but they have used the 3% for many years! I know that when I won a big tournmanent back in 2005, there was 3% taken out of the pool for dealers and tournament staff. And all tournaments list the 3% at the bottom of the information sheet. It didnt just start 2 years ago, it started about 10 years ago

Yes when he won it was the early days of the Borgata maybe 2004? And no it's not bullshit. Ask any dealer who worked There when it happened and there are plenty who still work there. Know what you're talking about before you tell someone "bullshit" it's not a very nice thing to say to someone. Thank you.
 
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[ huh? ]


Mikhail Smirnov Folds Quads Face-Up

You know the buy-in is big when players are folding quads face up but according to Mikhail Smirnov it was the right decision.
Smirnov has some experience in big buy-in events, having finished second in the $100k Super High Roller at the Aussie Millions earlier this year.
The hand in question began with Tom Dwan opening to 32k at 6k/12k, Smirnov calling from the small blind and John Morgan calling from the big blind. The flop came down J♠ 8♣ 7♠ and Smirnov bet 50k.
Only Morgan called and the turn was the 8♠. Smirnov bet 200k, receiving another call.
The K♠ hit the river and Smirnov led out for 700k a little more than pot. Morgan then moved all-in for roughly 3.4 million.
Smirnov had about the same in his stack but opted to fold. The Russian businessman folded quad eights face-up and the table recoiled in shock.
Phil Galfond tweeted that it was the craziest hand he’d ever seen. Tom Dwan had to excuse himself from the table for a few moments.


Mikhail told Cardplayer.com that it was an easy fold.
John Morgan refused to comment on the hand but looked visibly shaken after it was over.


http://www.pokerlistings.com/rast-hellmuth-lead-wsop-1m-big-one-for-one-drop-26364
 

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wonder if they know each other well... not much of a poker player here, but does the raiser do the same thing /w any 10 9?
 

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[ huh? ]


Mikhail Smirnov Folds Quads Face-Up

You know the buy-in is big when players are folding quads face up but according to Mikhail Smirnov it was the right decision.
Smirnov has some experience in big buy-in events, having finished second in the $100k Super High Roller at the Aussie Millions earlier this year.
The hand in question began with Tom Dwan opening to 32k at 6k/12k, Smirnov calling from the small blind and John Morgan calling from the big blind. The flop came down J♠ 8♣ 7♠ and Smirnov bet 50k.
Only Morgan called and the turn was the 8♠. Smirnov bet 200k, receiving another call.
The K♠ hit the river and Smirnov led out for 700k a little more than pot. Morgan then moved all-in for roughly 3.4 million.
Smirnov had about the same in his stack but opted to fold. The Russian businessman folded quad eights face-up and the table recoiled in shock.
Phil Galfond tweeted that it was the craziest hand he’d ever seen. Tom Dwan had to excuse himself from the table for a few moments.


Mikhail told Cardplayer.com that it was an easy fold.
John Morgan refused to comment on the hand but looked visibly shaken after it was over.


http://www.pokerlistings.com/rast-hellmuth-lead-wsop-1m-big-one-for-one-drop-26364

Nevermind, figured it out
 

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So, is it thought that the winner had a boat? Maybe 77? Such an odd hand, and the more I think about it, the sillier the fold seems. If someone beats you with the only two cards that make a straight flush, so be it.
 

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...........terrible fold here! the villians hand range was pretty wide! KK JJ 77 or even A high flush i wouldnt past this guy. again just a terrible fold... but i guess not for a Russian ...lol
 

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Feel like he's unlikely to push with a flush... Paired board? No re raises with kk preflop? Weird hand
 

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