Phil Ivey Wins Eighth WSOP Bracelet - Closing in on Hellmuth
Phil Ivey continues to prove that he is the best player in the world today by taking down his 8th WSOP bracelet in Event #37, $3000 HORSE. Ivey's win banked the Full Tilt Poker pro $329,840 but the real money is in Phil's side/prop bets with other players. In fact, much joking has taken place after Phil Ivey had to ask how much the first place prize was completely unaware of what the payout was.
See for someone who has at least $5 million riding on a bet with Howard Lederer the $329,840 payout is tipping money for someone like Phil. And that's just one of several rumored big money side bets Phil has made on himself.
The truth is that Ivey needs the side action to make tournaments worth his while. He's never really taken tournament poker seriously because a $330K win is often less than what he can make in a few hands at cash games. So either he or Howard Lederer figured out that the best way to keep Phil's head in the game was to put enough zeros behind is payday that it was worth it to him. Thus Lederer's $5 million bet. Lederer and Full Tilt probably won't even mind paying out because of all the of insane media coverage and publicity it brings to Full Tilt.
Congrats to Phil on his 8th WSOP bracelet and good luck on catching Phil Hellmuth.
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