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FEAR AND LOATHING PHIL IN LAS VEGAS IVEY WOULD BE THE WORST POKER RESULT IN BOOKMAKING HISTORY

Oktober 28, 2009

Gibraltar –28th October 2009 – Bookmaker https://www.partybets.com/ reports a significant six figure liability on Phil Ivey winning the WSOP Main Event in Vegas, which gets underway at the Rio Hotel and Casino on the 7th November. Despite the fact that Ivey is a short stack placing seventh in chips in the November Nine his odds on taking down the tournament are only 5/1, making him third favourite.

PartyBets.com – a sister site of http://www.partypoker.com/ and http://www.partycasino.com/ – chalked Ivey up at 175/1 to win the Main Event earlier this year. He was 100/1 as the Main Event got underway and his odds have plummeted since then.

A PartyBets.com spokesman said: “Ivey will be a terrible result for us and we think that the industry as a whole will have massive liabilities. A big name on the final table of the WSOP is always bad news for bookmakers and in fairness they don’t come much bigger than Ivey. 175/1 as a starting price for any player in a field of 6,494 players is short to say the least – his true odds could have been double that but we had to price him prohibitively short because punters back the name. We have our fingers crossed that he doesn’t pull off a remarkable comeback. The bottom line is that for us it has to be anybody apart from Ivey.”

“I’m sure we’re not the only ones quaking in our boots – it doesn’t take long to get six figure liabilities with three figure prices. This would be the worst poker result for a bookmaker in history. Imagine the fear of those that Ivey may have backed himself with, they’ll make our concerns look trivial!”

PartyBets.com currently has monster chip leader Darvin Moon as the 3/1 favourite, followed by Eric Buchman at 4/1 and Ivey at 5/1. Ivey only has 265,000 more chips than France’s Antonie Saout but Saout is a 16/1 shot. The UK’s James Akenhead, a recent participant in the PartyPoker.com World Open V alongside Saout has also been well supported but is still 14/1. A Shulman double, with Jeff joining Barry as a WSOP Main Event winner this year is priced at 6/1. Other markets available include winning hand and colour of the final river card.

See https://www.partybets.com/bets.ap?sportName=poker&sport=66719 for more odds and information.

** The story of how Jon Kalmar, a poker pro from Chorley in the UK made the final table of the 2007 WSOP Main Event is a poker fairytale in itself. Jon went to Vegas with a bankroll of $15,000 before getting down to his last $2,000 and qualifying in a satellite. He had been on a terrible run for a long time but ended up as the only UK representative making it to the climax of poker’s showpiece and won $1,255,000 for finishing in fifth place. It was also happy days for a poker pro from Skane, Sweden won $25,000 from PartyBets.com after placing a bet of $100 at 250/1 that Kalmar would make the final table.**

***The PartyPoker.com Monthly Million is a $1 million guaranteed online poker tournament every first Sunday of the month. The next Monthly Million takes place on Sunday 1 November at 12.45 ET (17.45 GMT, 18.45 CET) and features a championship blind structure. The buy-in is $600+$40 but the diverse qualifying paths means you can join the qualifiers from as little as $1. The wide range of qualifiers includes $64+$4 daily satellites with a total of 18 seats guaranteed per day, a MEGA Friday $50+$5 satellite that guarantees 20 seats and Super Satellite Saturday qualifiers with a $32+$3 buy-in and a total of 18 seats guaranteed that day.

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