View Full Version : Is this for real?
$10M buyin (http://www.pokernews.com/news/2005/12/poker-ten-million-tournament.htm)
Does anyone by chance have any more information about this? Any speculation on who'll be playing?
Gary
I am at a loss for words but I can say with certainty any site that has these satelittes will get my money.
Allinlife
12-12-2005, 05:42 PM
that's just stupid
Actually I don't think its stupid because for once we are going to see a tournament where the players will be absolutely hungry. I mean sure you see these guys playing goot at the WSOP but when there is 10 million on the line I can't see how they could each tune it out.
I'm a little worried about what the stakes will do to the way the casual poker viewer looks at the WPT and WSOP. After seeing guys put up 8-figures each, is the money involved with a $10K buy-in still going to be exciting? For them, a big part of the thrill is seeing the money fly across the screen.
Gary
Army Eye
12-12-2005, 06:08 PM
How the hell could they do an online satellite for this???
stages, maybe three or four?
fuego527
12-12-2005, 06:32 PM
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stages, maybe three or four?
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or 100
augie00
12-12-2005, 06:35 PM
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How the hell could they do an online satellite for this???
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They can't.
graydot
12-12-2005, 06:38 PM
maybe they ment the 100k buyin instead?
Should be fun to watch if its true.. I didnt even know Ivey had 10 million
trying2learn
12-12-2005, 06:43 PM
i can't imagine them being able to find enough players to do this. it would be difficult to fill a s&g with a one million dollar buy in.
Barrett's Last Privateer
12-12-2005, 06:47 PM
Another link to the story from an Aussie site here (http://www.news.com.au/story/0,10117,17551674-1243,00.html).
Obviously has an Aussie bent, both quoting figures in AUD, and mentioning Hachem.
Salva135
12-12-2005, 07:01 PM
Think about it this way, you would need the equivalent of a winner-take-all 1,000 person major tournament (as defined today) to produce ONE seat.
"If it's OK with you, I think I'm going to opt for the cash value instead of using my seat."
Aceshigh7
12-12-2005, 07:06 PM
I don't think this will happen.
ace_in_the_hole
12-12-2005, 07:12 PM
Why not slow down a bit and just do a $1 milion BI that would be crazy enough.
I could only see this taking place if the players have a private prize splitting deal on the side. If the players are putting up 10 million, I'm sure there will be a few million in added money. The players make an agreement so they are splitting the added money according to finish.
This way everyone gets their buy-in back plus some and they all get credit for playing in the biggest game ever.
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Why not slow down a bit and just do a $1 milion BI that would be crazy enough.
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Man, this is "Show Biz!" Thing megazillions!
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PairTheBoard
12-12-2005, 08:22 PM
From the link (http://www.news.com.au/story/0,10117,17551674-1243,00.html)
""If Joe wants to play, we'd be happy to have him on board," Mr Longhurst said. "We're going to have talks with Joe." Mr Longhurst said players would either put up their own $13.3 million to play or have their entry fee paid by sponsors.
In high-stakes international poker competitions it is common for sponsors, such as online poker companies, to pay the entry fees for players they use to promote their online gambling sites."
PairTheBoard
bones
12-12-2005, 09:00 PM
[ QUOTE ]
From the link (http://www.news.com.au/story/0,10117,17551674-1243,00.html)
""If Joe wants to play, we'd be happy to have him on board," Mr Longhurst said. "We're going to have talks with Joe." Mr Longhurst said players would either put up their own $13.3 million to play or have their entry fee paid by sponsors.
In high-stakes international poker competitions it is common for sponsors, such as online poker companies, to pay the entry fees for players they use to promote their online gambling sites."
PairTheBoard
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Something tells me that Stars won't be putting Evelyn Ng in this one.
NLfool
12-12-2005, 09:31 PM
damn I'd hate to see the vig on 10 million. stupid idea. I know a lot of gamblers who win and lose the equivalent of a Mercedes in day and even they won't gamble for this much. Y
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damn I'd hate to see the vig on 10 million.
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If I'm gettin' tha vig, it sounds pretty OK to me.
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Ulysses
12-13-2005, 02:34 AM
bones,
Team PokerStars is bringing back Erin Ness for this event.
Leaky Eye
12-13-2005, 08:44 AM
I will be using this tournament to launder cocaine profits.
anyone wanna stake me? i'm only short 10 million or so.
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Team PokerStars is bringing back Erin Ness for this event.
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God bless PokerStars!!!
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Lobo329
12-13-2005, 12:18 PM
Seriously, how could this even be real. Just think about the reality of those numbers. How much could Phil Ivey possibly have in his bankroll. And why would he want to gamble that much of it away in one shot? My guess is this, there are detail about this thing that we don't know about yet, or they will get sponsors to cover each players buy in, maybe up to 9 million or something like that. This thing just makes next to no sense.
Rusty266
12-13-2005, 02:55 PM
If this event does take place, I'm sure Phil Ivey would have no trouble getting as much of his entry paid as he likes. In other words there would be no shortage of backers for a player of his caliber.
troymclur
12-13-2005, 03:19 PM
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From the link (http://www.news.com.au/story/0,10117,17551674-1243,00.html)
""If Joe wants to play, we'd be happy to have him on board," Mr Longhurst said. "We're going to have talks with Joe." Mr Longhurst said players would either put up their own $13.3 million to play or have their entry fee paid by sponsors.
In high-stakes international poker competitions it is common for sponsors, such as online poker companies, to pay the entry fees for players they use to promote their online gambling sites."
PairTheBoard
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Something tells me that Stars won't be putting Evelyn Ng in this one.
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Bones,
You're avatar is a godsend.
Also Ivey has stated that he believes that he needs to play higher stakes to take his game to the next level. I don't understand how that is possible because what would a 1 million dollar game do to his game that he doesn't already have?
Army Eye
12-13-2005, 04:05 PM
[ QUOTE ]
Seriously, how could this even be real. Just think about the reality of those numbers. How much could Phil Ivey possibly have in his bankroll. And why would he want to gamble that much of it away in one shot? My guess is this, there are detail about this thing that we don't know about yet, or they will get sponsors to cover each players buy in, maybe up to 9 million or something like that. This thing just makes next to no sense.
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I don't know about the sponsorship. Like somebody said in another thread, it would be far more than even a Super Bowl commercial.
PokerSlut
12-13-2005, 06:08 PM
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Also Ivey has stated that he believes that he needs to play higher stakes to take his game to the next level.
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That makes absolutely no sense. Take it to what level? There are NO PLAYERS at that level.
Jonny5
12-13-2005, 06:36 PM
Barry Greenstein has the 10 million (whether or not he would like to risk it). However, I bet you he would have to slightly break his all tournament winnings go to charity rule.
shaniac
12-13-2005, 07:01 PM
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Barry Greenstein has the 10 million (whether or not he would like to risk it). However, I bet you he would have to slightly break his all tournament winnings go to charity rule.
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Not sure where your insight into his net worth comes from, but I think it's safe to say that there is no physical way to get 6 poker players to put up 10M, regardless of their net worth.
I could, however, see the 5 richest Arabian princes coming together to face off against Phil Ivey, who probably could raise a 10M stake. That would be a great show.
What about rebuys?
Seriously, though, I can't see Phil Ivey playing in this unless it a has really, really slow structure.
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Barry Greenstein has the 10 million (whether or not he would like to risk it). However, I bet you he would have to slightly break his all tournament winnings go to charity rule.
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Barry said in the commentary of the pokerstars online world series that if he runs bad for a week in the big game he's usually broke (he later clarified that he meant "cash broke" and would have to liquidate some things). Something tells me he's not losing 10 million by running bad for a week, so I highly doubt he has that kind of a roll.
setzf
12-14-2005, 04:08 PM
"60 million dollar winner take all tournament? They might as well say they're giving away the state of Louisiana"---Todd Brunson on Carplayer.com video interview.
Damn that made me laugh.
Jooka
12-14-2005, 05:31 PM
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What about rebuys?
Seriously, though, I can't see Phil Ivey playing in this unless it a has really, really slow structure.
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http://www.cardplayer.com/poker_news/det...291efb7645faa01 (http://www.cardplayer.com/poker_news/detail.php?p_id=726&PHPSESSID=f0b006fb74de70b97291 efb7645faa01)
There will be so many staking arrangements and side deals necessary for these guys to get into this at these stakes that what we see on the surface - a poker game - is going to be more like a derivative market behind the scenes. The range of outcomes for the participants will be far removed from the winner take all scenario advertised.
JohnnyFX
12-14-2005, 06:29 PM
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"60 million dollar winner take all tournament? They might as well say they're giving away the state of Louisiana"---Todd Brunson on Carplayer.com video interview.
Damn that made me laugh.
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Link?
Lobo329
12-14-2005, 06:36 PM
THe more that I read about this thing, the more unrealistic this whole thing actually sounds.
Is it possible that they did this to drum up name recognition for this soon-to-be-launched pokersite?
JohnnyFX
12-14-2005, 07:06 PM
[ QUOTE ]
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"60 million dollar winner take all tournament? They might as well say they're giving away the state of Louisiana"---Todd Brunson on Carplayer.com video interview.
Damn that made me laugh.
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Link?
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NM, I found it. Sucks that they switched to real media though.
They have already done this. Andy Beal anyone? Nobody could put up the money for this, when they played Beal for 10 million 100k-200k limits...there was 10-20 of them all putting up the funds and this made them sweat. So it will never happen
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