Ivey and Lederer have $5mln bracelet bet!

<img src="http://admins.liquidpoker.net/user_pictures/099bdd2577c81766d275813b9b1a6739.jpg" align="right" style="margin:5px; border:0px solid black;">It was already well known that Phil Ivey would win more than just the prizemoney when winning a bracelet thanks to a few braceletbets, but details were still relatively unknown. The $200,000 bet with Daniel Negreanu that one of them pays the other when the other wins a bracelet is known amongst many players. However, there is a lot more at stake here!

Phil Ivey and Howard Lederer, both wealthy pokerplayers, thanks to pokerwinnings and for example their part in the Full Tilt Poker business. Neither of them is particularly hurt by the financial crisis it seems, because they made an insane bet of $5,000,000 !

The rules are pretty simple: if Phil Ivey wins at least two gold WSOP bracelets in the next three WSOP years (meaning 2009-2011, so including the current year), he wins the bet and collects the 5 million! If he doesn't, Lederer receives the same amount paid by Ivey. However, if this second bracelet is obtained during the World Series of Poker Europe, they call it a tie and neither has to pay. So in other words, Ivey is offering 1:1 odds on this bet that he makes at least 2 bracelets during 3 WSOP years. Before this World Series, he already had 5 bracelets, however the last one dated from 2005.

This year Ivey is doing much better as he has already won 2 bracelets so far. According to rumors, the bet was made before Phil Ivey won his second bracelet this year and after he won his first bracelet of 2009. This means he still has plenty of tournaments left this year, and two more years to win just one more gold bracelet to cash the 5 million! A highly motivated Phil Ivey will surely have no problem winning the next one within almost 3 years time!

sick. just sick lol

retarded on lederer's part.

well it's not like people win these things daily, so technically it wasn't retarded but the more important thing is the headlines and news it gets for FTP

is there a difference between a gold bracelet and normal bracelet?

no they are all wsop bracelets, its just that people have different names for it

On June 19 2009 13:47 TheTank wrote: retarded on lederer's part.

lederer... more like lederlolololololololol

That's a insane amount to bet. Either Lederer knows something we don't or he just got swindled!

On June 19 2009 14:29 angryfishes wrote: is there a difference between a gold bracelet and normal bracelet?

The only different bracelet is the one u get after winning main event I think

On June 19 2009 15:54 DeFraG wrote: Show nested quote + On June 19 2009 14:29 angryfishes wrote: is there a difference between a gold bracelet and normal bracelet? The only different bracelet is the one u get after winning main event I think

Gold braclet = winning a WSOP event in Las Vegas, Silver braclet = europe I beleive

five fucking million dollars, cant find better way to motivate a player except probably 10millions and so LOL

I guess 5mil aint nothing for lederer, probably a good incentive for ivey tho.

source?

5mil doesn't phaze lederer

probably made 5 mil+ this month from ftp

lederer is a propbet fish

He can be a fish when 5mil to him is like 500 to me

On June 19 2009 18:58 GirlsRVicious wrote: He can be a fish when 5mil to him is like 500 to me

5 millions is 5 millions no mather how rich you are...

Considering the timing of the bet, it probably went somewhat like this :

Phil Ivey - lol, just won an event, ship it. bracelets are so easy !
Lederer - lol, no they aren't
Phil Ivey - yes they are
Lederer - lol, no
Phil Ivey - kk, wanna bet ?
Lederer - lol sure, what terms ?
Phil Ivey - i can win 2 more in the next 3 years (haha this is so easy)
Lederer - (lolnoob, it just took him 5 years to win a new one) lol you're so on
Phil Ivey - $1 Mil ?
Lederer - (took him 5 years to win 2 last time) lol make it $5M, you scared money or what ?
Phil Ivey - olol kk gogo

Some days later

Phil Ivey - oops, I did it again
Lederer - (fucking noob luckbox sick life can't believe it) nice, gg !