Posts Tagged ‘Michael Mizrachi’

Poker Central announces 2 New Shows: Pokerography and Inside Poker

Thursday, August 13th, 2015

poker-central-networkIf you’ve been starved for quality poker programming, then you’ll be pleased to know that Poker Central has announced two new shows that they’re working on.

The first is “Pokerography,” which will provide an in-depth view of some of the best poker pros ever to play the game. Some of the players who’ll be profiled include Antonio Esfandiari, Chris Moneymaker, Erik Seidel, Michael Mizrachi, Phil Hellmuth and Vanessa Selbst. According to TV Media Insights, the tagline for Pokerogrpahy is as follows:

“Each episode will explore the individual behind the legend in their own words. Interviews with family, friends, professional rivals, and expert poker-analysts dig deeper into their legacies.”

Another show, which will debut some time early in 2016, is called “Inside Poker.” Matt Savage will host this TV show and dive into some of the hottest topics in the poker world. In addition to discussing current news, Inside Poker will also dispense tips from pros and provide coverage of the top card rooms in the U.S.

Poker Central, which launches on October 1st, is set to be the first 24-hour poker television network in history. Up until now, few specifics have been given on what exactly Poker Central will offer, beyond coverage of the $500k Aria Super High Roller Bowl. So it’s nice to finally get a glimpse of what kind of shows will be offered once the network is up and running.

It’s been quite a while since any good poker TV shows have run in primetime spots. Poker Central will finally give players and fans of the game the opportunity to see some good shows any time they want – rather than watching 2009 episodes of High Stakes Poker through YouTube.

Michael Mizrachi unveils App for making “Last Longer” Poker Bets

Tuesday, March 3rd, 2015

michael-mizrachi-blast-longerEverybody’s favorite gun-toting WSOP champ Michael Mizrachi has identified a niche within a niche in the poker world. And he’s looking to take advantage of it with Blast Longer, a mobile app that lets poker players make “last-longer” bets with each other.

So how does Blast Longer work? players open an account at Blast Longer, then challenge others to last-longer bets in either online or live tournaments. As you may or may not know, these prop bets determine the winner based on who lasts the longest in a tourney. If you’re looking for more beyond my vague description, here’s what Mizrachi has to say:

“Blast Longer offers players the ability to place last-longer side bets (blasts) with their friends or the larger Blast Longer community. The player in each blast who lasts longest in the tournament wins the pot. Each tournament will have multiple pots at different bet levels: 10 percent, 25 percent, and 50 percent of the buy-in for online tournaments, and one percent, three percent, five percent, and 10 percent of the buy-in for live tournaments.”

Currently, this service can be used on the major poker networks such as PokerStars, FullTilt, iPoker, partypoker, and Winamax. And the live capabilities will be launched come 2015 WSOP time.

If you’re not sold on the idea, then consider that Mizrachi calls Blast Longer “insurance for poker players” since it gives them another way to earn money – even if they don’t cash in the actual tournament. “The object of these bets is to last longer than your opponents without even cashing or winning a tournament, which can be profitable for the day,” he explained.

While prop bets are very common in the live poker circuit, online players don’t have as many opportunities to join in prop wagers. But Mizrachi’s Blast Longer app will definitely give average Joes an opportunity to cash in on the prop betting fun…or lose their ass, whichever one.

Robert Mizrachi is a WSOP Champion Once Again

Monday, June 23rd, 2014

When it comes to poker-playing brothers, few duos are more famous than Michael and Robert Mizrachi. Both players have had considerable success in tournaments and lay claim to almost $20 million in combined winnings.

As for the WSOP, Robert was the first one to strike for a gold bracelet as he took down the 2007 $10k Pot-Limit Omaha Championship ($768,889). Since that time, though, it’s been all Michael at the WSOP as he’s gone on to win three gold bracelets, including the prestigious $50k Players Championship twice in 2010 and ’12.

Robert must have been a little jealous of seeing his brother continuing to collect so much jewelry, so he decided to win the 2014 WSOP $1,500 Dealer’s Choice tournament along with $147,092. This is definitely an impressive win too because Mizrachi had to know 16 different poker variations to successfully compete in the dealer’s choice event.

Many players praised the first-ever running of a WSOP dealer’s choice tournament because it made everybody feel like they were at a relaxed home game. Mizrachi probably felt especially at home since Michael was on the rail cheering him on.

“We have played together before on the same final tables,” Robert said in reference to the 2010 Players Championship. “We play hard when we’re at the table, but we also pull for each other when we are not competing. We all grew up together, and that’s the way we have always been.”

Thanks to his latest victory, Mizrachi now has two WSOP gold bracelets and $5,069,193 in tourney winnings. And you can count on him looking for another bracelet when the dealer’s choice event runs next year. “It would be nice if the $50K (Players Championship) was exactly the same way as this, because you can guarantee all the players would still play it, and the skill really shows,” he explained. “I think this would be good for a $10,000 buy-in, or maybe a $25,000 buy-in, but we should still keep this one because you want to introduce players to the game.”

2014 WSOP $1,500 Dealer’s Choice Six-Handed Final Table
1. Robert Mizrachi – $147,092
2. Aaron Schaff – $90,854
3. Shane Abbott – $58,414
4. Bill Chen – $38,735
5. Daniel Idema – $26,444
6. Frank Kassela – $18,575

Michael Mizrachi Wins WSOP Player’s Championship Event

Thursday, June 3rd, 2010

Event 2 of this year’s World Series of Poker, the $50,000 Poker Player’s Championship, has come to a close and Michael Mizrachi was declared the winner. The event also was the second time in history that two brothers made the final table in a WSOP tournament, as both Michael and his brother Robert made it to the final table of the event.

It was actually Michael that eliminated his brother, who had entered the tournament with the chip lead. I’m sure the brothers don’t harbor any foul feelings, as Robert still finished in 5th place. Robert took home $341,429 while his brother took home a whopping $1,559,046 with his first place win.

It’s a good thing Michael Mizrachi won, as we recently covered the fact that he was in trouble with the IRS, owing them to the tune of $339,000 in Federal taxes. He was facing foreclosure and some of his real estate had already been seized. His $1.5 million win should do a lot to get him out of the hole, and I’m sure he’ll remember to pay taxes on his winnings this time!

Here are the top 8 players and their final winnings in the WSOP Poker Player’s Championship Event:

  1. Michael Mizrachi wins $1,559,046
  2. Vladimir Schmelev wins $963,375
  3. David Oppenheim wins $603,348
  4. John Juanda wins $436,865
  5. Robert Mizrachi wins $341,429
  6. David Baker wns $272,275
  7. Daniel Alaei wins $221,105
  8. Mikael Thuritz wins $182,463

Poker Pro Michael Mizrachi In Trouble With IRS

Friday, May 14th, 2010

Poker professionals win thousands and even millions of dollars in tournament play over the course of their careers. However, what a lot of people don’t realize is that they have to pay taxes on these wins. If you don’t pay taxes long enough, the IRS is likely to catch up with you, and that’s exactly what has happened to Michael Mizrachi.

Mizrachi currently owes the IRS to the tune of $339,000 in Federal taxes and he is facing foreclosure. The U.S. Government has already seized some of Mizrachi’s real estate in an effort to settle his tax issues. A condominium in Hollywood, Florida that Mizrachi owned with his brother was foreclosed, as well as another property, which the government will be selling in auction next week.

According to Mizrachi, he did not intentionally avoid paying taxes. He says that his accountant was simply “doing a bad job.” He has a new accountant on board now to help settle the problem. Mizrachi’s taxes are owed on his earnings between 2005 and 2007. At least Mizrachi is able to keep a sense of humor about things. He says, “Obviously I’m a better poker player than a businessman, but I’m getting better.”

This story should serve as a warning for poker tournament players that have not considered their tax responsibilities. If you have won money in a tournament or plan to participate in big tournaments in the future, consult with an accountant and make sure you don’t end up in Mizrachi’s shoes!