It was at the 2001 $5k Omaha Hi/Lo WSOP event.
From the
article, :
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A STARTLING OFFER
Holding a $330,000-$205,000 chip lead, Scotty said, "I tell you what. We make the chips even (that is, he was proposing to simply GIVE Hellmuth $62,000 in chips), and we play winner take all."
First prize in this event was $207,580, and second prize was $103,785, and this was the "inverse deal of all inverse deals." Usually poker players near the end of a tournament when the blinds are very high want to reduce their fluctuation. Scotty was boldly proposing to increase his, and he was willing to give Hellmuth some chips to do it.
Phil asked some nearby tournament officials, "If I take this offer, you're not going to object to it?" No one answered. I think everyone was trying to figure out a novel situation.
Hellmuth rubbed his chin and considered, and then got up to walk around and think about it. Maybe 30 seconds passed, and then Scotty said, "You take too long, it was a one-time offer, forget about it."
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