The 2009 WSOP $40,000 buy-in was designed to draw the pros and the event did not disappoint with many high profile match ups. One such match up saw Phil Ivey knock out Phil Hellmuth.

Phil Hellmuth’s entrance was typically late into the event, as he showed up well into the fourth level of play. However, his exit was atypically early, when he busted late on Day 1 at the hands of Phil Ivey. Hellmuth moved all in over the top of Ivey’s preflop raise with {A-Hearts}{J-Hearts}, only to find himself staring down the barrel of Ivey’s A-K. The board came down king-high, and Hellmuth was a late elimination on Day 1.

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The hot rumor around the message board and websites is that Phil Ivey has $10 million riding on the 2009 World Series of Poker. The bet seems to be contingent on him winning his 6th WSOP bracelet. Phil Ivey is nothing if not competitive and confident in his skills so I can see this being a reality, but is it a smart bet? Yes and no. No, because there is a lot of luck factored into a tournament the size of the World Series of Poker. Yes because he's Phil Ivey. Like I've said before in prop betting I wouldn't bet on Phil Ivey to win a bracelet, but I most definitely wouldn't bet against him. He's just that good.

In other Phil Ivey/WSOP news, someone won .5% of Phil Ivey's winnings in the WSOP main event for just $1.92. Unfortunately someone sent me this link too late as I could have easily gone the full $2.00.

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The World Series of Poker is starting in a week. Could this be the year that Phil Ivey finally gets his bracelet in the Main Event? Probably not. Honestly, I'm more excited to see the $50,000 HORSE tournament which to me is the true main event. Bigger buy-in, bigger test of skill.

Should be interesting. We'll be covering the tournament closely as we root on our favorite player. Read More...

Posted under Tournaments

Tiger Woods held his annual charity event "TigerJam" and had quite the turnout with everyone  from P. Diddy and No Doubt to Adrianne Peterson and Dwayne Wade. The charity auction was spirited and who else but Phil Ivey would want to dominate it.

But it was poker pro Phil Ivey who played the winning hand, helping the live and silent auctions go over the $1 million mark with his bids that wound up totaling nearly $200,000! Among Phil’s winning bids, he paid $27,500 to see the NCAA Men’s Final Four in Indianapolis next April and $50,000 for a private lesson with Tiger and the right to play in the Chevron World Challenge PGA Tour in Thousand Oaks, Calif. Incidentally, the president of Chevron threw in a three-year supply of gas for the winning bid! Phil also paid $70,000 for red carpet treatment at the 2010 Grammy Awards in Los Angeles on Jan. 29.

Suddenly betting on Phil Ivey in golf doesn't seem like such a crazy idea.

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Not much going on in the Phil Ivey front lately as he has been relatively quiet in the online scene. That doesn't mean that he hasn't been making money, just that he's been quietly doing it.

Relatively absent from the tables this week, Phil Ivey logged fewer than 800 hands over the past seven days but still managed to turn nearly $686,000 in profit. The majority of those earnings came from a heads-up multi-table $500/1,000 HA session against Sami “LarsLuzak” Kelopuro last Saturday night, where Ivey turned a $449,000 profit and took down both of the session’s largest pots, coming in at over $200,000 apiece.

Read More...

Posted under Full Tilt