Acceptable Odds AT The WSOP – Yes – No? What Do You Think?

Tuesday, July 21, 2015

Pocket Bullets ParisBy: Pocket Bullets Paris

Y’all know that I got back from the 46th Annual World Series of Poker last week feeling elated by what I was able to get done during my week in Sin City – Las Vegas. What you may not know is how elated I was at having resisted most of what Sin City had to offer. Apart from having way too many tequila shots with old and new friends alike, I returned home unscathed, and even came out on top at the few tables I had time for.

I spoke to a lot of people that played in the various WSOP Events, including the Main Event, and I came to the realization that I have always reported on the big winners, and never took into consideration the thousands of players who, although not making it into final tables did, however, cash out big time and walk away, perhaps a little disappointed at not getting to their final table or earning a WSOP Gold Medal, but nevertheless didn’t exactly go home broke.

For example, in Event #68 The Main Event $10,000 buy-in No-Limit Hold’em, the prize pool of $60,348,000 was shared by the top 1,000 players. The total number of registered players was 6,420. The first 5, 420 players lose it all, but after that it’s profit time for the remaining one thousand men and women who get to that magic spot known as cashing. If you were unlucky enough to get bounced out, any where from 1,000th place to 649th place, you still made your money plus 50% back (649th-1000th – $15,000). And the player on the bubble (10th place) for the final table, Alexander Turyansky, still took home a whopping $756,897.

Cord Garcia and me

Cord Garcia and me

We won’t even try to get into details of all the other not-so-lucky players who got sent to the rails early in the other 67 Events this year, but still managed to reach cash. Here are just a few of those “unlucky losers:” Event #5: THE COLOSSUS $565 No-Limit Hold’em – Cord Garcia invested $565.00, took first place and walked away with $638,880; that’s more than a 1,100 to 1 payout, while Breck Schwartz, who busted out at number 2,241 still raked in $1,096, almost doubling his money. In Event #16 MILLIONAIRE MAKER $1,500 No-Limit Hold’em the winner, Adrian Buckley, took home $1,277,193 or almost a thousand times his initial investment while the last person to cash in that event was Jamie Cohen, who came in 747th place and took away $2,749, close to doubling his money.

Daniel Negreanu holding my book "Them Changes"

Daniel Negreanu and me

Of course, it’s not always about the money, often times is about the prestige, the glory, the honor of being crowned Champion. As was the case with one of poker’s most recognized names, Daniel”Kid Poker” Negreanu, who, although known as the biggest live tournament poker winner of all time, having accumulated over $29,750,000 in prize money, has never won the Main Event and was not a happy camper to once again go out before reaching that elusive final table. He is still our man, and we will always be there for him.

At the end of it all you gotta think…. hmmmm, those are some pretty solid odds; maybe I should try it out next year. Well, I would have to agree with you, but just remember. Don’t gamble with more than you can afford to lose and always remember our motto; “some days you can win with an ace high and other times you can’t win with quad aces.”

Click here to leave us your comments!

Leave a Reply