Posts Tagged ‘Chris Moorman’

Deadspin explains “Why You’ll Never make A Living playing Live Poker Tournaments”

Wednesday, February 19th, 2014

Many people are familiar with the website Deadspin.com, which covers major sports gossip. Given the focus of their site, Deadspin doesn’t exactly do a lot of poker features. That said, the piece they turned out on Why You’ll Never Make a Living Playing Poker Tournaments was quite impressive.

The article takes off on a Bryan Devonshire CardPlayer article about how difficult it is to be a tournament pro in the US. And Deadspin breaks down the math on this subject, providing some very interesting statistics and analysis along the way. The post begins by discussing online poker star Chris Moorman, who, over the course of 39,000 online tournaments, had a median ROI of 26.5%. So if Moorman spends $1,000 on a poker tourney, he’s making $265 in profit on average.

Of course, hardly anybody is as good as Moorman at online tournaments. What’s more is that Americans can’t play at Full Tilt or PokerStars like Moorman, unless they move outside of the US. So many Americans are forced to grind at smaller online poker sites and US-based tourneys.

This creates a huge problem because, as Deadspin points out, even a gambling capital like Las Vegas doesn’t offer many weekly tournaments with $1,000-plus buy-ins. So outside of the WSOP, many grinders are left playing in $150-$300 buy-in events where it’s hard to capitalize on a good ROI.

For this reason, many US pros try to make as much money as they can during the WSOP. Unfortunately, the high level of competition leaves many players with a much smaller ROI. Deadspin gives several statistics leading to the conclusion that two-thirds of the best WSOP players are losing money each year.

The Deadspin article certainly creates a grim, but accurate portrayal of what many American pros face today. So do players give up? The problem isn’t quite this drastic, at least for semi-pros, who can still make a good deal of money on non-regulated, US-friendly internet sites. However, the big-time pros will probably keep living outside of the Untied States until the regulated online market includes far more states than just Delaware, Nevada and New Jersey.

Elio Fox wins 2011 WSOPE

Thursday, October 20th, 2011

American Elio Fox etched his name into poker lore by winning the 2011 WSOPE Main Event, and the biggest ever WSOPE prize at €1,400,000 ($1.93 million). With the victory, Fox becomes the third US player to win the WSOPE Main Event since it was started in 2007.

You could say that Elio Fox cruised through the final table since he entered the last day of play with 3.9 million chips – 1.2 million more than any other player. And Fox pushed his advantage throughout the whole day since he never lost his lead, and walked a heads-up match with Chris Moorman holding a 3-2 chip lead.

By no accounts did his chip lead over Moorman guarantee anything, but the UK native never really got within striking distance of Fox since the match ended in just 25 hands. On the last hand, neither player got help from the board, but Fox (A-T) held a better kicker than Moorman (A-7).

One of the biggest underlying themes going into the 2011 WSOPE Main Event was whether an American or European would win the tournament. Brit and 2010 WSOPE Main Event champion James Bord made this a big deal when he told MatchBook.com, “I don’t think an American can win the bracelet, Europeans are now far superior. We used to look up to the U.S. players back in the day, but those days are now long gone.”

Apparently Bord spoke too soon after looking at how Elio Fox did in the 2011 WSOPE Main Event. Unlike Bord, Fox was humble in victory as he told WSOP reporters, “I ran really well. I think I am pretty good at poker. But people put too much stock into somebody winning a tournament and I think that all the time when the media talks about a new player winning some tournaments….there’s a lot of luck in tournaments. Short-term results in tournaments really does not matter that much.”

He finished by adding, “There are a lot of great players with no wins to their name and some mediocre players with a lot of wins to their name. But, I was really fortunate to run this well.  I certainly hope it continues.”

2011 WSOPE Main Event final table results:

1. Elio Fox (US) – €1,400,000
2. Chris Moorman (UK) – €800,000
3. Mortiz Kranich (DE) – €550,000
4. Brian Roberts (US) – €400,000
5. Dermot Blain (IE) – €275,000
6. Shawn Buchanan (CA) – €200,000
7. Jake Cody (UK) – €150,000
8. Max Silver (UK) – €115,000

2011 WSOPE Main Event sets Record

Wednesday, October 19th, 2011

Nobody’s going to mistake the WSOPE Main Event for the WSOP Main Event quite yet, but it’s definitely getting bigger. For evidence of this fact, you need look no farther than the fact that the 2011 WSOPE Main Event set the official attendance and prize pool record.

There were 593 players willing to ante up the €10,000 + €400 buy-in, and almost €5.7 million total will be paid out to the top 64 players. It’s definitely worth mentioning that the 2011 WSOPE Main Event winner will be walking away with a €1.4 million prize.

Looking back through history, nobody has managed to win this much money in the WSOPE Main Event. In fact, the biggest winner that we’ve seen in the tournament is Norwegian poker pro Annette Obrestad, who won the inaugural WSOPE ME in 2007, which netted her a predetermined €1 million. Since Obrestad’s victory, John Juanda is the next closest winner in terms of money since he earned €868,800 for taking down the 2008 WSOPE Main Event.

So who is bound to be the biggest winner in WSOPE history? Currently, little known American Elio Fox will headline the WSOPE final table since he’s got the most chips at 3.9 million. Just behind Fox in second place is UK poker sensation Jake Cody, who has 2.7 million chips. Cody is probably the most famous poker player on the final table – at least currently – since he won the $25,000 NLHE Heads-Up Championship at the 2011 WSOP, and earned Player of the Year honors at the 2011 British Poker Awards.

Another big name on this final table is Chris Moormon who, along with countryman Jake Cody, has had his fair share of success in the poker world. In any case, it will be interesting to see how the final table plays out, and who earns the title.

Jake Cody named Poker Player of the Year

Sunday, September 4th, 2011

Jake Cody started the 2011 WSOP off with a bang after winning the $25k No-Limit Hold’em Heads-up Championship. And his reward for winning was a massive $851,192 prize and a WSOP gold bracelet. Perhaps even bigger than the bracelet though was the fact that Cody became only the fourth person ever to win poker’s triple crown, which includes winning a WSOP, EPT and WPT title.

With Cody joining the ranks of poker’s elite, it’s no surprise that he cleaned up at the 2011 British Poker Awards by taking “Player of the Year” and “Best Tournament Player” honors. As for the voting process, the 2011 British Poker Awards are a unique deal because those attending the Poker in the Park festival get to vote on winners.

Seeing as how Poker in the Park is held in London, it’s not surprising that the UK’s Cody was able to take the Player of the Year title – although this isn’t to say that he didn’t earn it. In addition to Cody winning a couple of awards, quite a few other UK pros earned some hardware, including Chris Moorman (Best Online Player), Sam Trickett (Best Cash Player) and Matt Perkins (Best Breakout Player).

The British poker fans did show some love to people outside of the UK since they voted Jason Mercier as the “Best International Player” and Kara Scott as the “Best Poker Personality.” It’s no surprise that Mercier would win an honor since most poker tournament rankings – including ESPN’s – continually put the Florida-based pro at the top of the list. As for Scott, the Canadian hostess of Poker After Dark seems to be loved by all in the poker community since she’s got looks and a great personality (as the award alludes to).