The Weekly Round-up – 5 July 2021:
The Tip Top Fox brings you the top poker and gambling industry stories of the week; Landon Tice Quits Challenge Match Against Bill Perkins; Andrew Moreno Wins Wynn Millions For $1.46M; PokerGO Cup Set To Start
Landon Tice Quits Challenge Match Against Bill Perkins
There have been several well-publicized heads-up challenge matches so far in 2021, with the most notable being Daniel Negreanu losing to Doug Polk and then getting defeated 3-0 by Phil Hellmuth in PokerGO’s High Stakes Duel.
The latest of these high-profile heads-up matches features two less well-known players, with up-and-coming young poker professional Landon Tice taking on multi-millionaire former hedge fund manager and keen amateur Bill Perkins.
What makes this matchup stand out is the fact that 22-year-old Tice threw in the towel just over a quarter of the way into the contest.
The two were set to play 20,000 hands at stakes of $200/$400, with Tice giving Perkins a handicap of 9bb/100. The duo also had a separate $200,000 side bet on the result. However, it would appear Perkins is a stronger player than Tice gave him credit for.
Despite Tice being up a total of $63,720 over the 12 sessions and 4,907 hands played for a win rate of 3.25BB/100, the handicap meant Perkins effectively had a $720,000 lead before the match even started.
With the daunting prospect of needing to win over $656,280 (1,640 big blinds) in 15,000 hands Tice evidently thought this was not achievable and pulled the plug.
It should be noted that the young pro was also being backed to play the match, openly stating in a subsquent tweet that he did not have the bankroll to take on the challenge by himself.
Many on the social media platform were keen to point out the fact that Tice had possibly taken some bad advice prior to the match – a fact that one of his backers, two-time WSOP bracelet winner Kevin MacPhee, confirmed on Twitter shortly afterward.
David vs. Goliath?
It certainly looks that way on paper also, with Perkins’ sizeable $5,449,472 in live tournament winnings dwarfing that of Tice’s $268,378, with the two cashing in a similar amount of tournaments. It should be noted, however, that Perkins has a significantly larger bankroll than Tice and plays a lot higher.
The majority of Perkins’ tournament winnings come from a third-place finish in the 2013 WSOP $ 111,111 No-Limit Hold’em – One Drop High Roller, which was good for $1,965,163, and a sixth-place finish in the 2019 £1,050,000 No-Limit Hold’em – Triton Million for Charity Event. That netted Perkins a sizable £2,200,000 ($2,678,386).
To put that into perspective, the buy-in for the $111,111 High Roller just by itself already represents close to four times the price of the $28,277 in buy-ins that Tice has cashed for on his HendonMob.com profile.
Cash and tournaments are also two very different styles of game. While Tice may well be a technically better player than Perkins, the fact that the latter was given such a sizeable lead and the two had a further $200,000 on the line in side bets proved too large an obstacle for the young professional to overcome.
Perkins was gracious in victory, playing down the win and praising Tice’s game.
Andrew Moreno Wins Wynn Millions For $1.46M
As reported last week, the $10,000 Wynn Millions attracted a sizeable 1,328-strong field, smashing the $10M guarantee and generating a prize pool of $12,483,200.
It was Andrew Moreno the man to triumph over the sizeable star-studded field, cutting a three-way deal that saw the top three finishers walk away with a seven-figure score.
Moreno, who has results dating back to 2007 on his poker resume, more than doubled his $1,056,155 in prior live tournament winnings, defeating fellow countryman Clayton Maguire heads-up to take the trophy, title, and $1,460,106 top prize.
Maguire earned $1,443,757 for his runner-up finish, with the UK’s Toby Lewis taking home $1,235,204 for third place.
2021 Wynn Millions Final Table Results
|9th||Lion Yiming Lee||USA||$202,765|
The Final Table
It took six days for the sizeable field to be whittled down to the last man, with the nine-handed final table taking a marathon of 12 hours for the action to play out.
It was Maguire who came into the final table with the chip lead, sitting on a stack of 11.925M (99 big blinds) while Moreno came in as the third shortest stack with 2.82M in chips (24 big blinds).
Blinds started at 60,000/120,000 with a 120,000 big blind ante and with all remaining finalists sitting on stacks of over 20 big blinds it took close to two hours for the first player to hit the rail.
How It Played Out
The short-stacked Lion Yiming Lee, who began the final table with 2.695M in chips (22 big blinds), was the first man out, falling at the hands of Julian Millard-Feral when the latter’s pocket sevens won the race against Lee’s king-queen.
Another hour of cagey play followed before Joe Kuether lost a blind vs blind confrontation with Jaime Cervantes to hit the rail in eighth place.
However, just over an orbit later Cervantes was out, falling at the hands of Lewis after this pocket queens lost a classic coin flip to the Brits’ ace-king.
Lewis Claims Three Scalps
Lewis took the next scalp also, eliminating the short-stacked Philip Shing in another battle of the blinds. Shing decided to take a stand with jack-nine suited which was no match for Lewis’ king-eight, with the latter moving up to second in the pecking order.
Lewis continued to dominate much of the action, scoring the next knockout also by sending Millard-Feral out in fifth place shortly after the dinner break when the latter’s ace-queen lost a race to Lewis’ pocket tens.
The departure of Salim Admon, whose pocket nines were no match for the queens of Moreno an orbit later, set up the final three. The trio cut a deal shortly afterward, an ICM chop guaranteeing all three a seven-figure payout with just under $414,000 left in the pot to be split between the eventual winner and runner up.
Following the deal, Lewis dropped down the counts before his pocket threes lost a race to Maguire’s ace-king to take play heads-up with Moreno.
Despite coming into the final table and the last two with the chip lead, Maguire could not close out the win. Monero seized the lead after his ace-ten out flopped Maguire’s ace-queen, before administrating the coup de grace less than an orbit later.
While Maguire went out swinging, his ace-king suited leading Monero’s suited ace-queen, the latter flopped a pair and a flush draw on a king-high flop and improved to trip queens on the turn to take the title.
This win marks Moreno’s first seven-figure score, and also catapults him to third on the PokerGO Tour Leaderboard, just behind Sean Perry and frontrunner Ali Imsirovic. Maguire and Lewis also climbed into the top five, sitting in fourth and fifth respectively.
The tournament attracted a slew of the games’ top professionals. Notables to cash included Maria Ho (20th for $97,274); Cliff Josephy (27th for $74,522); Kristen Bicknell (53rd for $51,650); Alex Foxen (57th for $46,406); Robert Mizrachi (67th for $41,997); Jason Koon (79th for $38,179); Daniel Negreanu (114th for $27,099); John Hennigan (119th for $25,091); the UK’s Chris Moorman (127th for $25,091); and John Racener (133rd for $25,091).
In total, 134 players cashed for a share of the $12,483,200 prize pool – you can view a list of the full payouts on the Wynn Las Vegas website.
PokerGO Cup Set To Start
Live poker appears to be making a stellar recovery following the last 18 months of pandemic-related lockdowns, with the 2021 PokerGO Cup high roller tournament series the latest of the seasons’ live action about to get underway.
Taking place at the PokerGO Studio at the ARIA Resort & Casino and running 6-14 July, the tournament series features eight No-Limit Hold’em events with buy-ins ranging from $10,0000 up to $100,000.
Some of poker’s biggest names are expected to battle it out for fortune and glory over the nine-day festival, with four $10,000 buy-in events to start off the action. All events are two-day affairs, with 40-minute blind levels and a 30-second shot clock in effect to keep the action moving at pace.
The buy-ins increase as the series progresses, with the fifth event on 10 July coming with a $15,000 price tag. The sixth event increases to a $25,000 buy-in on 11-12 July, followed by a two-day $50,000 event running 12-13 July.
The series concludes with a sizeable $100,000 finale. All tournaments are two-day events, and each final table will be streamed exclusively on PokerGO.com from 6 July, with a 4pm ET (1am BST) start time. Add it to your calendar as you won’t want to miss it.
US Poker Open Schedule
|July 6-7||Event #1: $10,000 No-Limit Hold’em|
|July 7-8||Event #2: $10,000 No-Limit Hold’em|
|July 8-9||Event #3: $10,000 No-Limit Hold’em|
|July 9-10||Event #4: $10,000 No-Limit Hold’em|
|July 10-11||Event #5: $15,000 No-Limit Hold’em|
|July 11-12||Event #6: $25,000 No-Limit Hold’em|
|July 12-13||Event #7: $50,000 No-Limit Hold’em|
|July 13-14||Event #8: $100,000 No-Limit Hold’em|