Phil Galfond reveals his WSOP downswing - over $800k in red

Phil "OMGClayAiken/MrSweets28" Galfond has a rough year when it comes to WSOP. Online superstar and one of the best players in the world just recently revealed that he lost over $800,000 playing the big cash games during World Series of Poker in Las Vegas this year.

Galfond, who took part in the $50,000 Poker Players Championship (PPC), revealed on Twitter yesterday he needed to finish at least 2nd to get even for the summer after his loses in cash games. This means he hinted he would need to win at least $862,649.

There are no clear information, in which games he lost that much but the biggest games have undoubtedly been played in Bobby's Room. However, we already know that Galfond busted out today from the $50K PPC before the paid places.

As for his entrepreneur business, Galfond announced last year that he was planning to launch a real money poker site, called Run It Once Poker. However, there were no updates regarding this matter, and the site was supposed to be up and running Q1/2017.

There was updates ... do your research, 3 Months ago :
" I've been getting a lot of questions on the progress of the Run It Once Poker project.
A little over half a year ago, I announced that Run It Once would be launching our very own poker site. Our estimated launch date was Q1 of 2017, which has just passed.
Just under three months ago, I posted a story on RIO's history, the RIO Poker company, and an update that our Q1 target seemed out of reach.
You haven't heard from me since the last update, which is because we haven't yet reached a point where I'm comfortable offering another launch estimate. I've learned time and time again how unpredictable the development process can be and how quickly things can change.
I know that delays in development are normal and that many companies announce launch dates, miss them, and then announce new ones without a second thought, but I don't want Run It Once to be one of those companies.
In my last update post, I talked a lot about how exciting all the work we're doing is and how proud I am of Run It Once's journey and of our team. Those things are just as true today as they were then.
I'm in the middle of a near-three-month trip to Malta, and it has been even more exciting than my last trip. I'm absolutely loving creating things, making decisions, and problem-solving with this team. I cannot wait to launch and see our final product in action.
However, to expand any further than that about my excitement and optimism (even though I easily could!) feels disingenuous. The point of this post is to update you all on our progress, and the reality is that we aren't as far along as I said we would be. I'm sorry, and I don't want to 'spin' or distract from that.
We restructured our development team towards the end of 2016, and with that came a change in approach and a change in scope. As a player, I know just how important good software is, and I don't want us to launch until we get it right. We've been growing our development and product team, and I feel great about where we are headed; It's just that we're headed further than we initially expected.
I hope my next update will be a much more interesting one. Trust me - I very much look forward to sharing all of our ideas and decisions with you. I actually spent two hours last month talking to my webcam, "updating" you guys on everything going on within the company, even though I knew I wouldn't be releasing the video anytime soon (or perhaps ever).
I can speak for the Run It Once team when I say how thankful we are for your continued support. We can feel people rooting for us, and it means a lot.
We remain driven by that, and by our goal of providing a viable alternative in the online poker market with enough relevance to impact policy, across the industry, for the better.
Thank you for your patience. You'll know something when I know that I know something!"