Phil Ivey Loses $1 Million Vegetarian Prop Bet To DwanMarch 19, 2010 11:25 am
Three 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.