Anybody want to sponsor me on the buy-in?

[cartman]

http://www.fox6.com/news/state/story.aspx?content_id=3CBDD0FA-81B8-42D9-BD28-25AF509D2A3A

:D

$60 million winner-take-all poker tournament set

LOS ANGELES (AP) - Six players will compete in a winner-take-all 60 (m) million dollar poker tournament next summer.

It's believed to be the largest single-day payout in the history of sports on television.

Fox Sports Net and Mansionpoker-dot-net reached agreement on a three-year deal, with the pots growing to 75 (m) million dollars in 2007 and 100 (m) million dollars in 2008 for the one-day competitions at the Crown Casino in Melbourne, Australia.

The first tournament is scheduled July 12 and will last at least six hours and perhaps up to ten hours, according to George Greenberg, the executive vice president of programming and production for F-S-N.

Phil Ivey, who has a reputation as one of the world's best Texas Hold 'em players, will be one of the six taking part.

Identity of the others will be announced later. The entry fee for each of the six is ten (m) million dollars.

[johnnyshaka]

Sure...I'll get the ball rolling...I've got a Loonie burning a hole in my pocket...what's your mailing address??

[SirFozzie]

Get Hellmuth in that. A bad beat that knocks him out of a $10 million buy in tourney will scientifically prove if human combustion is possible.

[kingfc22]

$10 million buy-in. Holy crap!!!

[TredWel]

Yeah, I think the number of people in the world properly bankrolled for that level could be counted on one hand.

[Pumpy Tudors]

Yeah, I think the number of people in the world properly bankrolled for that level could be counted on one hand.
I can only assume that you're talking about Antonio Alfonseca's hand.

(baseball humor ok)

[Lathum]

Get Hellmuth in that. A bad beat that knocks him out of a $10 million buy in tourney will scientifically prove if human combustion is possible.
lmao

[Vince]

I can only assume that you're talking about Antonio Alfonseca's hand.

(baseball humor ok)
:)

[Honolulu Blue]

Heh. I didn't know Ivey was worth $10 million. Of course, if he bought in for the full amount, he must have a net worth a lot bigger than that.

As for me, I could probably grind it out of the players on Party (http://www.operationsports.com/fofc/showthread.php?t=44843), but it would take a few lifetimes.

[Butter]

Get Hellmuth in that. A bad beat that knocks him out of a $10 million buy in tourney will scientifically prove if human combustion is possible.

:D :D :D

[Subby]

My guess is some of the entrants will have backers...still that is a sick amount of money.

[SirFozzie]

In the Same Vein...

You’re a fan of the World Poker Tour and World Series of Poker television broadcasts. You love watching the final tables of these tournaments, and you’ve even watched Celebrity Poker when no other poker shows were available. Nothing beats the excitement of watching players go all in, risking hundreds of thousands worth of tournament chips in pursuit of ultimate victory. Nothing until now, that is. Poker on television is hot. And it’s about to get hotter.The Game Show Network (GSN) announced last week that it is going to televise the first high stakes, real money poker games on TV. High Stakes Poker will pit famous players against each other for hundreds of thousands of dollars - of their own money. They will play for a minimum buy-in of $100,000. The series is set to premiere on January 16, 2006 at 9 PM Eastern time.

In the televised poker tournaments , the most each entrant risks is his or her original buy-in, usually $10,000 for the biggest tourneys, but often considerably less. ESPN, for example, televised all of the World Series events from this summer, some of which had buy-ins of $1,000 or $2,000. High Stakes Poker is different. Participants will play for cash, risking huge sums on every hand. “High Stakes Poker is groundbreaking in that it is the first-ever look into the biggest private no limit Holdem cash games in town,” said Rich Cronin, President and CEO of GSN. “This show is intense because players are winning and losing hundreds of thousands of their own dollars on single hands.”

Cash games test the mettle, and the bankroll, of every participant. They also require different strategies from those employed in tournaments, as each player can buy more chips any time he or she runs low. High Stakes Poker represents a great opportunity for observant viewers to improve their game, by watching some of the best compete against each other for huge sums of real money. The all-star line up includes the legendary Doyle Brunson, author of SuperSystem - considered by many to be the bible of poker, Johnny Chan, who with 10 WSOP bracelets is tied with Doyle for the most all-time WSOP wins, Barry Greenstein, Phil Hellmuth and Daniel Negreanu. Competing against these players are world-class opponents Jennifer Harman, Freddy Deeb, Daniel Alaei, Mimi Tran, Sam Farha, Ted Forrest, Antonio Esfandiari, famed Las Vegas entrepreneur Bob Stupak, and Dr.Jerry Buss, owner of the Los Angeles Lakers and a frequent player in many of the highest stakes games spread in that city and elsewhere.

“For the first time ever in the history of poker on television, viewers will see players playing with very large amounts of their own money,” said High Stakes Poker’s Executive Producer, Henry Orenstein. “This is what makes it exciting, the players can win huge pots that are worth nearly a half million dollars.”

Covering the action will be AJ Benza and Gabe Kaplan. Benza will host the series, with Kaplan, a world class poker player and star of TV’s “Welcome Back, Kotter” providing commentary and analysis. An actor himself, Benza has hosted a variety of television shows. The series’ 13 episodes were taped at the Golden Nugget Casino in downtown Las Vegas.

[Toddzilla]

I'm sure Ivey isn't putting uo $10M of his own cash - not a chance. For that kind of spread, no doubt he's got a load of sponsor money (Full Tilt for example) that will pay some of the buy-in in return for a percentage if he wins.

On an aside, what are the tax implications for playing in Australia? Better than Germany but worse than the Caymans I imagine...

[lytic]

Speaking of which, is the Sunday game set up?

[Butter]

Covering the action will be AJ Benza

Fame, ain't it a bitch.