60 Million Dollar Live Tourney on Fox Sports Network

[BDMK]

my point before was that the amateurs would have freerolled/qualified for peanuts compared to the 10M entry fee for the pros, hence they wouldnt fret about losing 10M which they never had in the first place.

however, the point ur making now is also a good one. playing to win a chunk of 60M will def make any amateur nervous as hell.

one additional issue in favor of the pros IMHO is that fact that many of them have been known to win or lose literally tens of millions in the big cash games they regularly play. so to them, this might be yet another 'big one' at the bellagio, in a sense...

so, its even more of an 'even field' nervousness-wise than we discussed before.

[Talking Poker]

I understand what you are saying, but I still disagree. The pros will have a HUGE advantage, being used to these stakes, as you say. Any half decent poker player understands that once you've bought into a tourney, that money is gone. So whether it was your own cash or you satellited in doesn't matter. What matters is what you can potentially win, and I'm sure 60 MM is going to be pretty damn intimidating for anyone, but ESPECIALLY people who have never even seen a fraction of that in their lifetime.

Take the WSOP for example. If you got in on a freeroll, a $200 satellite, or paid the entire $10k - none of that matters. But when you're on the bubble and are looking at a difference between $0 and $15k, who's going to play better? The guy who got in for free? The guy who paid the entire $10k?

The answer is neither. The guy who's going to play better is the guy that is used to playing for that kind of money - the guy that doesn't CARE about the 10k.

The nervousness at this moment in time has to do with the prize money bubble, not the entry fee paid a week earlier.

[ChipFish]

$60,000,000?????
Anyone who doesn't think there will be a chop agreed on before it even starts is kidding themselves.

[Robbie Robb]

I don't know if the format/production team will allow for a chop. After all, it's six people each putting up $10mil in a winner-take-all event. MAYBE once you hit heads-up the two may agree on a 50mil/10mil split or something like that, if allowed.

But the way they're hyping this as a winner-take-all I would be willing to guess that the production team has put the kybosh on any type of official split. (Now, if the winner wants to "back" a loser to the tune of $10 or $15mil a month or two down the road...)

[sjay2k]

Joe Hachem is in.

[Talking Poker]

No way! Someone (Stars?) must be backing him.

[Robbie Robb]

If he's in, he is most definitely being backed. Considering that he'll have (temporarily) handed over 30% of that win to the IRS, that only leaves him with ~5.3M - just a little shy of the 10M he requires. That and I really don't think he'd just turn around and put up all the money he just won.

A little OT: I know I've spoken with Nikita about the "big dream" - winning the WSOP. At 7.5, I would take all but 1M and invest it. The remaining million would be my bankroll. If at any point, it ever depleted to zero, I'd be out - done with the poker world. That 6.5 (and the interest it is collecting) would be MORE than enough to retire on and live VERY comfortably for the rest of my life.