Poker news | Jul 09, 2020
Daniel Negreanu Bets $1 Million that He Can Win 2020 WSOP Bracelet
By RTR Dennis
Daniel Negreanu is feeling confident about his chances at the 2020 World Series of Poker. He has placed a $1 million prop bet on his ability to win a gold bracelet at the 2020 WSOP.
The 45-year-old tweeted that he's offering this bet at 2.5:1 odds. Therefore, Negreanu stands to win $2.5 million if he captures a bracelet and will pay $1 million if he loses.
The $1m Bet Has Already Been Accepted
Kid Poker allowed people to bet against him up to a $100,000 cap. In a follow-up tweet, he stated that the prop wager is "sold out."
According to tweets, some players were wagering as little as $1,000. However, others have risked $25,000 or more.
Negreanu Hoping to End Long Drought
Negreanu is one of the most-successful players in WSOP history. He has won six gold bracelets and captured Player of the Year honors twice (2004 & 2013).
However, the GGPoker ambassador hasn't experienced as much luck in winning lately. His last gold bracelet came back in 2013.
He's taking considerable risk in fronting $1 million that he'll end a seven-year drought. As Negreanu noted in his tweet, WSOP fields have gotten much bigger in recent years.
Nevertheless, he certainly has the pedigree to break through again. Kid Poker currently sits at third on the all-time tournament winnings list with just over $42 million in live earnings.
Most 2020 WSOP Tournaments Will Happen Online
The coronavirus forced the WSOP to design their initial schedule. Organizers originally planned for 101 live tournaments but had to revise the schedule due to COVID-19 fears.
Many live poker rooms remain closed throughout the world. Therefore, packing the Rio All-Suites Hotel and Casino with poker players doesn't seem like a great idea.
Officials have improvised by scheduling 85 out of the 101 tournaments for online play. If possible, the remaining 16 events will be held in the fall at the Rio.
WSOP.com is set to host 31 of the tournaments from July 1 through 19. Those wishing to play these events must be present in either Nevada or New Jersey.
GGPoker will run the other 54 tourneys from July 20 through September 6. Those wanting to play these tourneys must be in certain countries—namely those with nationally regulated online poker markets.
Negreanu's Bid to Win Could be Helped by Online Format
Daniel Negreanu has made his name through live poker tourneys. Therefore, he'd probably rather see the 2020 WSOP took place in its usual live format—COVID-19 fears aside.
However, he'll be forced to play the majority of this year's World Series of Poker online. Negreanu isn't as used to grinding in online poker tournaments.
But the internet format will give him an opportunity to play more events. Both WSOP.com and GGPoker.com will only be running 1-2 tourneys every day.
Negreanu has a realistic opportunity to play in every event. After all, internet tournaments run faster than live events and don’t normally require multiple days to complete.
Assuming he takes all 85 chances online, he'll have a stronger chance to win from a sheer volume standpoint. If the 2020 WSOP runs 16 live events as planned, he'll enjoy another 16 opportunities to capture elusive bracelet #7.