Phil Ivey Wins Bracelet Number 7 at 2009 WSOP

Winning a single WSOP bracelet is difficult. Winning multiple bracelets is a sign you're in an elite class. Winning two in a single year means you're a poker legend. Well, if that's the definition of a poker legend then Phil Ivey has entered into that class. Phil Ivey took down the $10,000 Omaha 8/Stud 8 event for his second bracelet of the year.

No telling how many more he might accumulate but rumors have it that he has a $5 million bet with Howard Lederer that he will win more 2 bracelets within the next 3 years. But the kicker is that the bet was made after his first bracelet this year but before the second so he's one down and one to go to collect $5 million and he has this year and two more to do it.

Also worth a watch here is Daniel Negreanu's commentary on how many bracelets Phil could win over the next several years. Doyle's probably got one or fewer WSOP wins left in him at his age, Hellmuth and Chan might have a few more. But if Ivey keeps focused he could become the all-time leader in bracelets won.

And for a laugh, check out Daniel's impression of Ivey around 1:30 into the clip :-)

Watch Daniel Negreanu: Angels and Demons on RawVegas.tv

Ivey Captures Sixth WSOP Bracelet

Phil Ivey was able to secure his sixth WSOP win in the $2,500 No Limit Deuce-to-Seven event. Coming back from being a short-stack going into the final table Phil - ever the warrior - battled back and soon found himself heads up with John Monnette. Monnette started the heads-up face-off with the advantage and the lead changed several times before Monnette was overcome by Phil's play and he was out in second place.

Phil's cut was $96,361 but the big money was in sidebets he had with other players. Rumors are that his actual profit on the match was into the millions of dollars.

You know you have too much money when . . .

Here's a pic I found on Pocket5's that shows Phil Ivey seeming not to really care about several thousands in hundred dollar bills laying around his feet.

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Ivey Up $1.8 Million Dollars in First 12 Days of March

Phil Ivey who was the most profitable player of 2008 has taken down $1.8 million in just the first twelve days of March alone. Granted, he was stuck to the tune of $2.5 million in Jan and Feb but Ivey's ability to log huge (really huge) sessions means swings like that are part of the game for one of the best poker players in the world.

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Ivey No Longer Backing?

Word on the street is that Phil Ivey will no longer be backing players. Ivey, who is rumored to be one of the biggest backers on the tournament circuit, will no longer be buying his friends into events. He's believed to be the money behind many players including Michael Mizrachi, David Williams and Paul Darden.

No real reason was given for his change of heart. He's been doing well in most games he's being watched in so it's not a lack of funds. Perhaps Phil hasn't seen a good return on his investment or keeping track of his horses has been taking up too much of his time.