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-   -   $60 million tournament (http://archives2.twoplustwo.com/showthread.php?t=397403)

mj2 12-13-2005 03:50 AM

$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.

mj2 12-13-2005 03:55 AM

Re: $60 million tournament
 
http://news.yahoo.com/s/ap/20051212/...ker_tournament

sorry forgot to post the link.

12-13-2005 04:14 AM

Re: $60 million tournament
 
According to http://afr.com/articles/2005/12/13/1134236036596.html
Joe Hachem is invited to play also.

krazyace5 12-13-2005 06:24 AM

Re: $60 million tournament
 
Wow, thats crazy.

grjr 12-13-2005 12:07 PM

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.

[/ 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]

nsdjoe 12-13-2005 12:17 PM

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??

Zetack 12-13-2005 12:27 PM

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

nsdjoe 12-13-2005 12:59 PM

Re: $60 million tournament
 
[ QUOTE ]


Well there's a 20 million dollar overlay.

[/ QUOTE ]

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

grjr 12-13-2005 01:04 PM

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.

nsdjoe 12-13-2005 01:11 PM

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]


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