Going into the final table at the WSOP’s Main Event, Phil Ivey isn’t exactly favored to take the pot. He’s in 7th place in chips and bookmaker Party Bets has his odds at 5/1, third favourite to win.
While no one is sure how this game will pan out, considering how far behind the leaders Ivey is sitting a win isn’t likely.
While he started off at 175/1 to win at the beginning of the tournament, he dropped to 100/1 as the tournament progressed and has only gone down since.
However, he is a big name in the poker world, and where Ivey is concerned, anything could happen. And that’s exactly what the books are afraid of.
If Ivey managed to come back from this far behind, it would be one of the greatest upsets in poker history. While it would make for one of the most exciting WSOP final tables ever, it would be a complete nightmare for books taking bets on the game.
If Ivey manages to stage a comeback and wins, every site that posted odds on the WSOP could be facing major liabilities. According to industry insiders, a big name at the final table of the WSOP is always tough for bookmakers.
As a PartyBets.com spokesperson explains:
"Ivey will be a terrible result for us… 175/1 as a starting price for any player in a field of 6,494 players is short to say the least – his true odds could have been double that but we had to price him prohibitively short because punters back the name. We have our fingers crossed that he doesn't pull off a remarkable comeback. The bottom line is that for us it has to be anybody apart from Ivey."
Bookmakers fear that if Ivey wins, this could be the worst poker result for bookmakers in history.
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