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The Suite Blog >> Online Poker Face-offs Lead to Hefty Losses/Wins

 

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February 22, 2008 - If you've ever wondered how quick money can go in a game of high-stakes poker, just watch some of the action over at Full Tilt Poker. One player by the screen name of Seda1 knows it all too well. A main topic on the forum threads at the popular poker site, 2+2, has been an apparent rivalry taking place between high stakes pro, Phil Ivey, and said player, Seda1.

Apparently, Ivey took Seda1 for a loss of $600,000 over the course of a six hour square-off on the $500/$1,000 No-Limit Hold'em tables. In an attempt to recoup some losses (double or nothing, so to speak), the two money-spewing card sharks faced off again - this time around being a little more friendly to Seda1. Although final totals for the round have not been tabulated just yet, Seda1 did indeed win a $195,000 pot. However, Ivey took home the largest pot of the day - valued at over $250,000.

In what appears to be a personal grudge, far reaching ego's, or simply, intense competitiveness and virility (not to mention too much money to know what to do with), the face-off has seemed to quiet down for the time being. If the two keep it up, they could probably charge admission to watch another high-stakes death match showdown. All I can say is that when you add it all up, the losses and wins are probably no different to somebody who is playing much smaller stakes poker games.

What I mean is that for somebody who can throw around and afford to lose several hundred grand, earning several hundred grand is not going to be life-changing. It's simply more money to gamble, throw away and keep up a particular lifestyle that we all know can't buy happiness. Just like $5 was a huge amount of money to me when I was ight years old, and $5,000 is now a huge chunk of change, $50K to a millionaire is loose change. It's all relative.

To me, a six hour face-off with those types of losses sounds more like clashing egos. But it's not supposed to be about the money anyways, right? Isn't that what they say? It's the competition that matters the most in online poker. Well, I just hope that nobody loses sight of the true value of money because of competition and greed. That said, Ivey and Seda1, why don't you guys slow it down? Couldn't you just start a worthwhile foundation or something?

Originally published: February, 2008 | Categories: Poker

 

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