Over the last few years Phil Ivey has bet millions of dollars on winning WSOP bracelets and according to rumors circulating at the 2012 World Series of Poker, he’s at it again.
We overheard Ali Eslami talking about Ivey’s new bracelet bets while he was playing in the $10k Pot-Limit Hold’em Championship and although we don’t have the full story, the bets sound enormous.
This information is particularly relevant since Ivey has chips in the $5k Stud Hi-Low event that’s playing down to a winner today.
Eslami was heard to say that just one of Ivey’s bets is worth $900,000 should he win a single bracelet.
We’re not sure who the bets are with but there are a few likely candidates.
Ivey and Daniel Negreanu had a long-standing bet that was worth $250k per bracelet. So if Daniel won a bracelet Ivey would owe him a quarter-million and vice versa. Perhaps Ivey and Kid Poker raised the stakes for 2012.
The biggest bracelet bet Ivey has ever booked, that we know about at least, was a $5 million wager he made with Howard Lederer. To win the bet Ivey had to take down two bracelets over two years at the WSOP, starting in 2011.
But based on what’s happened to Howard Lederer in the last year, we’re pretty sure that bet has been thrown out the window.
In other bracelet bet news, Tom Dwan tweeted today that he has no bracelet bets for 2012, and that he bought out of the bet he had to win two bracelets in three years.