WOW YOU GOTTA ME KIDDING ME!!!! Phil my hero..... |
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Posted Fri Feb 24, 2006 11:45 am GMT by Dave B
Phil Ivey vs. Andy Beal - Out $16.6 Million, Beal Heads Home
The High-Stakes Heads-Up Limit Hold’em Poker Match Wraps Up at Wynn Las Vegas
by Lisa Wheeler
What is the sum of two players and a game of limit Texas hold’em, divided by three days of intense heads-up action? The answer is 16.6 million dollars.
Over the years, mathematical theorist Andy Beal has applied probability to the game of poker and found new fame by repeatedly challenging the elite in a spirited game of limit Texas hold’em.
“Beal’s conjecture,” otherwise known as the “Beal problem,” became just that for The Corporation — a team of professional poker players who aggregated their $10 million and matched it against his $20 million in a series of private sessions. Since early February, the event became a virtual roller coaster ride for players and fans alike, with financial swings, false retirement claims, and multiple challengers adding to the excitement.
At the midmonth break of a nail-biting two-week competition, The Corporation had depleted their $10 million bankroll. The members dusted themselves off and prepared for Thursday’s L.A. Poker Classic event in California. The game was paused until the two teams could coordinate their schedules.
On Monday night, Feb. 20, 2006, Beal was back on a plane to Las Vegas and checked himself into the Wynn Resort upon arrival. He returned to play a third week of high-stakes Texas hold’em poker against a new challenger, the Corporation’s long time team member, Phil Ivey.
Ivey is known for his aggressive play and unwavering focus at the tables. At the recent Card Player Player of the Year awards, he took home three top awards, best no-limit player, best heads-up player, and most-feared player. Ivey continues to play the highest-stakes cash games in the world in addition to the tournament circuit.
Tuesday, Feb. 21:
Play began in the late afternoon and blinds were set at $30,000-$60,000, lower than the previous $50,000-$100,000 of weeks past. Ivey seemed to hold the lead throughout the day’s match. Spectators in the high-limit section of the Wynn poker room, who witnessed much of the action, shared their thoughts with Card Player. Most felt Ivey had exhibited an aggressive approach. In typical fashion, he sat blank-faced, focused, and with his mouth agape.
It’s the same expression that also won Ivey the “Flushies” award, for the best poker face, during the 2005 World Series of Poker. Ivey has an intense and intimidating nature at any table and the one-on-one competition with Beal only seemed to magnify this trait.
Play ended at around 7 p.m. PST and it appeared Ivey was up several racks. It was confirmed by a member of The Corporation that the number was $2 million in Ivey and The Corporation’s favor.
Wednesday, Feb. 22:
First thing Wednesday morning, Ivey and Beal were again heads-up at the felt on table No. 3 at the Wynn. Blinds remained at $30,000-$60,000 and again Ivey seemed to have an advantage over Beal. In less than eight hours of heightened competition, Ivey ended the day with another monetary gain of $4.6 million.
Ivey and Beal left the table of the poker room together while they conversed amongst themselves.
Thursday, Feb. 23:
At 9 a.m. Beal and Ivey met for a third and final session. Ivey was in seat two, at the long end of the table, with his back against the wall. Beal sat in seat six, at an angle so as to face Ivey. To Beal’s left (in seat seven), sat his long time friend and representative, Craig Singer and next to him was Michael Craig (author of the book The Professor, The Banker and the Suicide King), in seat nine. The two players discussed the possibility of raising the stakes while the witnesses remained silent. It took only moments for Ivey and Beal to come to an agreement and the blinds would indeed be raised to the original level of $25,000 – $50,000, increasing the limits to $50,000 – $100,000.
At around noon, the players took a short break. Craig Singer spoke to Card Player. He explained that Beal had developed a reserved curiosity over the media’s need to share information regarding the private high-stakes matches. Back in Texas, Singer printed a recent Card Player.com article and placed it on Beal’s desk for his review. Singer expressed that he was looking forward to receiving the next Card Player edition featuring an updated version of the events. He informed us that Beal was up almost $2 million for the day. “We’re doing better today.” He said as he returned to the game about to resume.
From the rail, one could see Beal reaching repeatedly into his rack for chips. Within a few hands it appeared Ivey had reversed his deficit and was back to even. The dealer was tapped out and a new one took his place. When that dealer was swapped-out, he shook his head, as in disbelief while walking from the table. The already intense face-off had become an action packed, raise-to-the-river spectacle.
Members of The Corporation began to arrive and could be seen on the sidelines, talking discretely amongst themselves. They were careful to keep a respectful distance from the table so as not to distract the players. It was just after 1 p.m. when both players suddenly rose to shake hands. After approximately four hours of play, Ivey had recovered his initial loss and won an additional $10 million.
The Corporation had recovered their $10 million loss since Feb 1, and earned another $6.5 million in revenue through Ivey's efforts.
Andy Beal complimented members of The Corporation for their sportsmanship and announced he would be heading home to Texas.
He also mentioned that he was done with poker.
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Posted Fri Feb 24, 2006 11:51 am GMT by Soup_dog
I wonder how I can get into the "Corporation"?
Amazing story.
Posted Fri Feb 24, 2006 12:46 pm GMT by UrAteUp
Soup I think first you need to start playing 50,000/100,000 limit poker...  . Might also help to have a few million laying around to use as bankroll, plus have a few WSOP braclets hanging on your wrist....
I find this " Big Game" very fascinating and have followed it for some time. I still find it amazing that this guy could deal on the pro players as hard as he did. To me it seems Doyle and the Corp. had the advantage by being able to read Beal and generally by having more experience playing the game. Beal is one damn smart math genious and I wish I had just an inkling of that abbility. Heck I am struggling with probabilities...lol.
Posted Fri Feb 24, 2006 12:48 pm GMT by ZZZinindy
Wow.... 16.6.......Wow...
ZZZ
Posted Fri Feb 24, 2006 6:59 pm GMT by Ewi
Pretty cool. I read The Professor, The Banker and the Suicide King recently and it was very interesting. That $6.6 million profit will only(haha...) work out at a couple of hundred grand for each member though. I think there were around 15 or so in "Corporation."
Posted Fri Feb 24, 2006 7:30 pm GMT by dstlvb
I read the book also. The one thing i did like was the fact that they took the time to detail all the work Beal put in to play this game. He wasnt just some ultra rich guy throwing his money around. He put the time in. I would venture to say as far as heads-up limit is concerned hes become a guy you have to take serously. If he played no-limit, and tournament i would like to see him in the Heads-up Championship.
Posted Mon Feb 27, 2006 11:57 am GMT by cayouche
I guess we won't hear from him for a while...
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