$1,000,000 One Drop WSOP Event June 30th 2012

[yisman]

Mike Sexton, a famous poker veteran and television commentator, said a prominent Los Angeles businessman he met at a private, high-stakes game offered to stake the full, $1 million One Drop buy-in. The investor also agreed to take only half of any winning jackpot.

That sounds like it would be a pretty bad deal for the businessman, regardless of how good Sexton is.

[CanuckG]

I'm willing to bet that satellites list that ownership is nontransferrable somewhere in their little print.

Nope. One of the guys in the field bought a seat for 850k from a satellite winner in Quebec

[bettilimbroke999]

That sounds like it would be a pretty bad deal for the businessman, regardless of how good Sexton is.
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Absolutely terrible deal, Mike has to get 9th out of 60 of the best players in the world just to breakeven then only gets half of any winnings should he get 1st-8th, nice to have rich friends to blow a mil on a deal like this. 4 out of 5 times Sexton will lose a mil then the 5th time he wins a couple mil and they split

Must be an advertising deal or something

[CanuckG]

Absolutely terrible deal, Mike has to get 9th out of 60 of the best players in the world just to breakeven then only gets half of any winnings should he get 1st-8th, nice to have rich friends to blow a mil on a deal like this. 4 out of 5 times Sexton will lose a mil then the 5th time he wins a couple mil and they split

Must be an advertising deal or something

mike played high stakes cash with these people so he may have been up or down a lot and struck a deal.

[yisman]

Absolutely terrible deal, Mike has to get 9th out of 60 of the best players in the world just to breakeven then only gets half of any winnings should he get 1st-8th, nice to have rich friends to blow a mil on a deal like this. 4 out of 5 times Sexton will lose a mil then the 5th time he wins a couple mil and they split

Must be an advertising deal or something

yeah it's very strange that someone would make an offer like that and even the best poker player in the world should take that every time.

The guy's chances of getting his money back are not good.

[CanuckG]

Gordon Vayo @GordonVayoPoker
One participant in one drop (who happens to finance my sisters business) cross booked 100% of one drop v Ivey. #alltimehero

So if Ivey comes first he wins 18M plus another 18M

[hels]

Nope. One of the guys in the field bought a seat for 850k from a satellite winner in Quebec

Great to know this. If I miraculously won a satellite I think I would do the same thing. Any amateur who thinks they have a shot against that field deserves to lose.

[PickWinnerAllDay]

Great to know this. If I miraculously won a satellite I think I would do the same thing. Any amateur who thinks they have a shot against that field deserves to lose.

I still think poker is 75% luck.

Jamie Gold certainly isn't a good poker player and he won the main event. I remember watching that one on TV and he had KK or AA and hit trips just about every hand it showed him.

[GunShard]

Poker seems like 75% skill. A game like Blackjack would be more like 75% luck.

[CanuckG]

I still think poker is 75% luck.

Jamie Gold certainly isn't a good poker player and he won the main event. I remember watching that one on TV and he had KK or AA and hit trips just about every hand it showed him.

Yeah but where is he now? The pros we know still win tournaments and are relevant. Jamie Gold now has a D- poker room and tries to overcharge on poker sessions because hes busto.

[hels]

I still think poker is 75% luck.

Jamie Gold certainly isn't a good poker player and he won the main event. I remember watching that one on TV and he had KK or AA and hit trips just about every hand it showed him.

You are right that a large percentage is luck but why would a regular joe want to risk a guaranteed $850 000? I doubt any intelligent poster at sbr would play in the tournament if they knew they could get 850k without any risk.

If you want I'll bet you all my points at EV odds a participant listed as pro will win this tournament. You saying that poker is 75% luck gives you great odds that a non-pro player could win. If you want to bet post your points here.

[CanuckG]

Live stream:

http://www.wsop.com/2012/live-video/default.aspx?TID=12155

[GUMMO77]

That Sexton deal is the best deal any poker player could ask for.

[CanuckG]

Phil Galfond <s style="text-decoration: none; color: rgb(187, 187, 187); ">@</s>PhilGalfond
Just saw the craziest hand I've ever seen. Guy folded 88 face up on Js87s8sKs.


Wow I couldn't lay down Quads...only losing to one hand.

[jjgold]

Feed keeps breaking up

[The Giant]

Phil Galfond <s style="text-decoration: none; color: rgb(187, 187, 187); ">@</s>PhilGalfond
Just saw the craziest hand I've ever seen. Guy folded 88 face up on Js87s8sKs.


Wow I couldn't lay down Quads...only losing to one hand.

How does a guy fold there?

Can you imagine if this happened in SBR poker, and the guy flipped over 9/10 of spades.

The rigtards would go absolutely insane.

[jjgold]

Better now

Whats interesting about poker players is they seem to play for years and years even if broke

These so called have been around for a long time

[GUMMO77]

Was it an amateur that made that fold? I try to stay away from PokerNews until the breaks.

[paranoyd androyd]

My friend at Rio said the cash games taking place right now are insane.

heard the same

[hels]

Folding quads is the dumbest thing I have ever heard.

[GunShard]

I'm watching the stream till the end.

[CanuckG]

Stream working fine just got back home turned it back on.

Brian Rast chip leader.

Hellmuth 2nd in chips he will grind out a min cash at least.

[The Giant]

It's frozen for me.

How late are they expected to play tonight?

[GUMMO77]

I believe another 4 hours after the dinner break. They stop at level 10.

[The Giant]

Thanks. How many official entrants were there? And have there been any eliminations yet?

[GUMMO77]

48 entries with 4 eliminations

Jonathan Duhamel		CA	Busted
Jens Kyllönen			Busted
Andrew Robl		US	Busted
Justin Smith

Pokernews has the best link, but they are 5 to 10 minutes ahead of the live stream.

[The Giant]

Thanks, Gummo.

[GUMMO77]

No problem. It's a great event.

Btw, your trophy collection is magnificent.

[lunchbawks]

48 entries with 4 eliminations

Jonathan Duhamel		CA	Busted
Jens Kyllönen			Busted
Andrew Robl		US	Busted
Justin Smith

Pokernews has the best link, but they are 5 to 10 minutes ahead of the live stream.

all the young guys that got staked, go figure

[CanuckG]

all the young guys that got staked, go figure

Jens Kyllönen had 100% of himself not staked. Meaning he bought with a million cash of his own money.

[GUMMO77]

I could be wrong, but I think Jens Kyllonen bought in for the full million and didn't sell off any pieces of himself.

[GUMMO77]

Jens Kyllönen had 100% of himself not staked. Meaning he bought with a million cash of his own money.

beat me to it

[GUMMO77]

I think it's going to be interesting that Hellmuth has 8 million already. He'll probably tighten up.

[CanuckG]

Well yeah he already just called a river bet with second nuts instead of raising. He will nit it up to the final table.

[Inkwell77]

how is haralabob doin? Guy is a fukkin sharp