10% of Phil Ivey

[waj4ever16]

Boy I tell you whoever won that tournament on Full Tilt to get 10% of Phil Ivey must be really happy right about now. By the way, is it 10% of what he's done in the WSOP or just this event? I can't believe that I didn't do that tourney. I signed up for Full Tilt too late and wasn't able to register for the tourney on time. Oh well. Maybe next year. Go Phil!

[benneh]

i believe it is "only" for the main event.

"only."

[SoftcoreRevolt]

1st place got 5%, the next 5 places got 1%, someone who posts here got 1%.

[waj4ever16]

I'm pretty sure that it was 10% of Phil.

[ziggy_m]

Yes, tourney winner got 10%, each other player at the final table got 1%.

Full tilt uses 9 person tables so we're talking 18% total.

[Bartman387]

[ QUOTE ]
I'm pretty sure that it was 10% of Phil.

[/ QUOTE ]
Agree. Im almost positive that first place got 10% of Phil and teh rest of the final table got 1%

[LLKOOLK1]

[ QUOTE ]
Yes, tourney winner got 10%, each other player at the final table got 1%.

Full tilt uses 9 person tables so we're talking 18% total.

[/ QUOTE ]
this is correct, i played in a few of these...750,000,plus the 15,000 he won, hmmm wouldnt be bad for a 100$ touney
-LL

[ziggy_m]

I wish we could ferret the guy out....

I guess he probably doesn't post here, but then again, I'd be crapping cement right now.

Maybe he doesn't want to "jinx" it.


I play at FTP but this was a few weeks ago, it's gone, and I didn't pay attention.

[Sheriff Fatman]

There was a similar tournament a few weeks earlier on FT for a piece of Mike Matusow so there's a few happy Full Tilt players around at the moment (not me, by the way!)

Sheriff

[mmbt0ne]

Is FullTilt actually going to take the money from the players' prizes or just pay out the equivalent from the company accounts?

[wall_st]

I've wondered the same, where does the money come from, it's not like Phil Ivey needs the backers.

So whomever got 10% is garanteed at least 30,000 at this point. Not a bad deal at all. How many people entered this tourney anyways ?

[ziggy_m]

Full Tilt also had a promo where if you win your seat through them, then win the whole shebang, they float you an extra TEN MILL.

I wonder if Phil got that deal too...?

I mean surely he got his buyin for free, giving up 18%, but if he takes it all that's huge for FTP.


Just speculating...

[TonyS0pran0]

Ok, you guys want the skinny on this mystery man? We were down to about 15 or so and I was an average stack, as was he. He'd been stealing a bit and I saw him win an all in A9 soooted to AK not 5 minutes prior. He was two off the button and brought it in for the standard 3xBB which was 1/4 of both our stacks. I get 99 and push just trying to take the pot down. Guy insta calls with Q-10 off and rivers a Q. So yeah, he doesn't post here and I doubt he has ever even played before let alone picked up a Slansky book.... So in short he had a monster stack after that and sucked his way through the rest of the field 33 cracks KK etc. Everyone on the final table got %1 and he got $15K plus %10.... So he's pretty much a shoe in for $100K, I love poker.

[ziggy_m]

[ QUOTE ]
How many people entered this tourney anyways ?

[/ QUOTE ]
Couple to three hundred, IIRC.

[ziggy_m]

Sounds like my kinda guy.

[TonyS0pran0]

[ QUOTE ]
[ QUOTE ]
How many people entered this tourney anyways ?

[/ QUOTE ]
Couple to three hundred, IIRC. [/quote


There was over 600

[Bill Murphy]

I don't know anything about the FTP deal. That 18% comes out of Ivey, Matusow, & Juanda's payouts, not from FTP's rake?

I can't imagine Ivey esp. going for that. Not like he couldn't win a sat easy enough or just steal the antes in the 4-8K game and use it for the buy in.

FTP was willing to risk 10KK but still wanted the pro's to float the 18%? wow....

[Moss Factor]

FTP has to be putting up the payouts. No way a pro would pay out 18% of their earnings.

[meow_meow]

[ QUOTE ]
FTP has to be putting up the payouts. No way a pro would pay out 18% of their earnings.

[/ QUOTE ]

C'mon, most likely FTP put up the whole buy-in for the ME at least, maybe the rest of the event as well. giving up 18% equity in exchange for 100% of the buy-in is +EV even for Phil Ivey.

[Terrapin88]

I would guess FTP took out some sort of insurance policy, incase Ivey wins the whole shabang. The odds of him winning were such that an inexpensive insurance policy could be easily had. No way they'll be paying 750k out of their own pockets. If they have to, someone F'ed up.

[Wubbie075]

I asked Juanda about that one night when he was on one of the FTP tables... he said that FTP is paying out the money... it is NOT actually coming from their winnings

[swarm]

Exactly, Full Tilt will be paying this out of their own pockets...

It's promotion, do you realise one nationally run commercial costs more than they are going to pay out to this guy. The fact that they can now promote Matasow and Ivey after this year's run, they don't give a [censored], their making money hand over fist in exposure right now.

[TheMainEvent]

[ QUOTE ]
It's promotion, do you realise one nationally run commercial costs more than they are going to pay out to this guy.

[/ QUOTE ]

I assume you mean during the Super Bowl?

[cwsiggy]

guys, guys, guys!!! They have insurance!! Probably from Lloyds or that company that insures against those half court free throws. (That company was talked about in the book The Man with the $100,000 Breasts) No way Full Tilt would take that kind of risk - especially for a qualifier winning it all and an extra 10 million. The only Full tilt pro that actually won a seat was Allan Cunningham in a $200 sat, though I noticed they took his name off the list of qualifiers on their website for some strange reason.
This will be some good advertising for Full Tilt assuming Ivey and Matusow don't implode.

[Voltron87]

[ QUOTE ]
[ QUOTE ]
FTP has to be putting up the payouts. No way a pro would pay out 18% of their earnings.

[/ QUOTE ]

C'mon, most likely FTP put up the whole buy-in for the ME at least, maybe the rest of the event as well. giving up 18% equity in exchange for 100% of the buy-in is +EV even for Phil Ivey.

[/ QUOTE ]


youre wrong

[Laomedon]

A Super Bowl commercial will cost 700k or more for merely ONE 30 second spot, I believe the OP was referring to an Ad campaign which includes many many more 30 second spots.

[TheMainEvent]

[ QUOTE ]
It's promotion, do you realise one nationally run commercial costs more than they are going to pay out to this guy.

[/ QUOTE ]

[NorCalJosh]

please tell me what century you're living in where a super bowl ad costs 700k?

[durron597]

[ QUOTE ]
please tell me what century you're living in where a super bowl ad costs 700k?

[/ QUOTE ]

Yea, it costs more.

[jba]

[ QUOTE ]
I would guess FTP took out some sort of insurance policy, incase Ivey wins the whole shabang. The odds of him winning were such that an inexpensive insurance policy could be easily had. No way they'll be paying 750k out of their own pockets. If they have to, someone F'ed up.

[/ QUOTE ]

insurance is always EV-, otherwise it wouldn't be offered.

[CCx]

[ QUOTE ]
[ QUOTE ]
please tell me what century you're living in where a super bowl ad costs 700k?

[/ QUOTE ]

Yea, it costs more.

[/ QUOTE ]

For this past Super Bowl, it cost $2.4 million for a 30 second ad.

[memphis57]

[ QUOTE ]
[ QUOTE ]
I would guess FTP took out some sort of insurance policy, incase Ivey wins the whole shabang. The odds of him winning were such that an inexpensive insurance policy could be easily had. No way they'll be paying 750k out of their own pockets. If they have to, someone F'ed up.

[/ QUOTE ]

insurance is always EV-, otherwise it wouldn't be offered.

[/ QUOTE ]

-EV but very favorable variance characteristics (i.e., none, so no bankroll required). I think the OP is right, they bought insurance for it. They're not in the gambling business, they won't take enough of these risks to properly diversify them. Even casinos do this all the time for their major promos.