Monday, April 17, 2006

The Poker Event You Won't See on TV

We might be taking a big gamble here in going off-topic, but it's nothing compared to billionaire banker Andy Beal's recent high-stakes poker venture. Beal became interested in poker in 2001 and developed into a world-class player, once winning a reported $12 million in one day. Earlier this year, in what is considered the largest head-to-head cash game of all time, Beal matched $20 million against a coalition of professional players that included Phil Ivey, Jennifer Harman, Todd Brunson and Ted Forrest. The average pot size per hand was well over $300,000, with the largest pot at $1.9 million. Wins and losses ran as high as $10 million in a day, and one session featured two $8 million swings. But after about two weeks, Beal had won most of the coalition's bankroll. Now we don't want to tell the entire story here, but Ivey, pictured above, engineered a turnaround that still has them buzzing in Las Vegas.

1 comment:

fun160 said...

If you like poker and are interested in reading more about Andy Beal against The Corporation, you need to read the book The Professor, the Banker, and the Suicide King by Michael Craig.