$60 million tournament
 

has anyone seen the details of this? apparently its a 6 player tournament winner take all sponsored by fox sports and one of the internet sites. phil ivey was the only name i saw.

Re: $60 million tournament
 

http://news.yahoo.com/s/ap/20051212/...ker_tournament

sorry forgot to post the link.

Re: $60 million tournament
 

According to http://afr.com/articles/2005/12/13/1134236036596.html
Joe Hachem is invited to play also.

Re: $60 million tournament
 

Wow, thats crazy.

Re: $60 million tournament
 

[ QUOTE ]
Six of the world's best poker players will compete for the $80 million kitty, with the winner to take all in a series of elimination matches in July.

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Players will pay $US10 million each to buy into the match, he said.

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Oh yeah, there's no way they're gonna chop that ish up. [img]/images/graemlins/tongue.gif[/img]

Re: $60 million tournament
 

This is still retarded. Why would even the top pros risk that much when they could have a really bad 6-hour run of cards??

Re: $60 million tournament
 

[ QUOTE ]
[ QUOTE ]
Six of the world's best poker players will compete for the $80 million kitty, with the winner to take all in a series of elimination matches in July.

[/ QUOTE ]

[ QUOTE ]
Players will pay $US10 million each to buy into the match, he said.

[/ QUOTE ]

Oh yeah, there's no way they're gonna chop that ish up. [img]/images/graemlins/tongue.gif[/img]

[/ QUOTE ]

Well there's a 20 million dollar overlay. Presumably they will forbid chopping or you'd probably see a six way chop. With a winner take all format, it's hard to see how they get six players. In Sklanksy bucks, it might make sense, if you figure you win one out of six you're 5-1 to win and getting a 7-1 payday (and a guy like Ivey probably figures he's something like 2-1 against to win), but given the stakes and that there are a limited number of these tourneys, it looks like a proposition few players would be bankrolled or inclined to take on.

--Zetack

Re: $60 million tournament
 

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Well there's a 20 million dollar overlay.

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Hadn't heard this. A huge overlay is the only way I could see anyone putting up that much money.

Re: $60 million tournament
 

Once you pay taxes on that $60 million how much overlay is left? No way anyone plays in this without a chop beforehand.

Re: $60 million tournament
 

[ QUOTE ]
Once you pay taxes on that $60 million how much overlay is left? No way anyone plays in this without a chop beforehand.

[/ QUOTE ]

Maybe everyone legally emigrates beforehand to a country that doesn't tax gambling winnings [img]/images/graemlins/tongue.gif[/img]