Phil Ivey Acccepts Tom “durrrr” Dwan’s 1.5 Million Prop Bet
January 12, 2009
The poker world has been buzzing all week after Tom Dwan (durrrr) went public about the open challenge he issued to all poker players in the upcoming issue of “bluff” magazine. Dwan’s open challenge included a minimum of 50,000 online hands to be played simultaneously at four or more tables of no-limit hold’em or pot-limit Omaha, as follows:
“I’m making this heads-up challenge to the world. Anyone can accept. Four tables, minimum of $200/$400, and I’ll put up $1.5 million to their $500,000. We play 50,000 hands minimum and if they end up a dollar after rake they keep the side money or whatever. So basically, if you and I played and you won a dollar, you would get my $1.5 million and if I won a dollar I would win your $500,000…. So I’m giving a million dollars free if anyone thinks they can do it.”
“Anyone,” though, had one exception as noted by Dwan. In a later post on a prominent online poker forum, he noted that the challenge was not open to his close friend Phil “OMGClayAiken” Galfond, though Galfond’s deliberate style of play, radically different from that of Dwan, was also cited by third parties as a possible reason why. In addition, Dwan shared his motivation for issuing the challenge.
“In my probably biased opinion,” according to Dwan, “the two most interesting, commonly played poker games are heads-up no-limit hold em, and heads-up pot-limit Omaha. I’ve played a lot of people in them; however, it’s very rare that someone will play me at more than two tables. In my again-biased opinion, it’s also more interesting to play at least four tables at once. I say this because while playing four tables, there is less likelihood that a winner or loser will be based on one or two pots, and the better player will make roughly twice as much money per hour compared to two tables. Additionally, when your opponents are doing something wrong for 90 minutes straight, you can notice it earlier, and take more advantage of it on four tables, netting at least four times the profit — although one would assume most opponents would also adjust in less time on four tables.
Phil I who is considered the best poker player in the world has already accepted this challenge along with Patrick Antonious, and another cash game monster David Benyamine. all three of these players are known as exceptional cash game players with a big enough bankroll to handle the potential swings this series of matches may have.
Prop bets and challenges like this one are not new, a few years back Daniel Negreanu had a similar prop bet challenge to the poker world. his challenged consisted of playing the world’s top pros in a series of mixed games, but this is the first time someone has laid such good odds almost daring the world’s best to take him on
The online poker forums have been jumping with predictions, prop bets, and everyone is choosing sides. Matches like this are a railbirds dream and it is certain that thousands of players will be railing each and every one of these macthes and it will be discussed on every major poekr websites, blog, and forum.
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