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Phil Ivey Loses $1 Million Vegetarian Prop Bet To Dwan

March 19th, 2010 Author: M. Rhodes

Phil Ivey Loses $1 Million Vegetarian Prop Bet To DwanThree weeks after striking a $1 million bet with Tom Dwan that he wouldn’t eat “anything that moves” for a year, Phil Ivey finally succumbed to temptation and lost the wager.

The prop bet was initially discussed and agreed upon on the fourth episode of this season’s High Stakes Poker, and originally Ivey wanted the bet to be worth $2 million to better motivate himself to give up meat for a year.

As soon as the $1 million bet was struck on the poker show, Phil Ivey seemed to automatically go through the whole gamut of emotions associated with giving up something you enjoy.

Originally, Ivey confidently declared, “I was thinking about doing it for a while, so this is kind of like an added incentive.” Later on in the show Ivey’s demeanour had changed and he was heard to say at the table, “I’m gonna lose. I know I’m gonna lose.” Finally, by the end of the show Ivey’s bravado had returned once more and he commented to Kara Scott “(Dwan) thinks he’s stealing right now. He thinks I have no shot … He’ll learn the hard way.”

However, things didn’t get off to a great start and soon after Sammy George reported at Europe’s Million Dollar Challenge, that Phil Ivey was already considering buying back out of the bet. 

Eventually, the crunch point came three weeks after the deal had been struck, while Ivey sat down at a dinner party with friends. As reported in Danish poker magazine Ace, Ivey was confronted by a piece of chicken and as Tom Dwan explained:

“He couldn’t handle it. He realized he couldn’t keep it up for a full year.”

Rather than lose $1 million, Ivey then decided to call up Dwan and the two eventually settled on a buy-out amount for the vegetarian prop bet of $150,000.

Add to that the reputed $1 million prop bet Dwan took off Ivey for not winning the WSOP Main Event in 2009 and overall Dwan seems to be winning some nice calculated prop bets recently at Phil Ivey’s expense.

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7 Comments  
Comments
19th March 2011
Schnappi

Ivey is an idiot. Here he had the chance to learn a healthier diet that could improve and even lengthen his life, while being paid enough money to feed several people for their whole lives, and he gained nothing from it.

29th April 2011
shaun

As you can tell, they don’t play by the same stakes we do. 1 million to them is like a $1000 or less to regular ppl. They don’t live their lives according to the less fortunate. Wouldn’t that be nice.

4th June 2011
Sir H

The very impressive Dinesh R Makwana could help these professionals hugely.His teachings are outstanding.Total class and they would be bigger winners.

18th July 2011
Anonymous

f**kin bulls**t

18th July 2011
te be

fakin homos

9th September 2011
LBC

Schnappi stfu. Healthier diet? Oh really??? Humans were meant to avoid meat??

Live healthier? You know Ivey that personally? You know that if he eat no meat it would make him healthier? Being paid enough to feed people their whole lives? How about you search the Buffet investor, about $50billion+, moan about them before you make arrogant comments on people who make a living. These players imo have $30m-$100m max, there are thousands of people who have more than that you retard.

6th January 2012
Negreanu

Ivey is the best

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