Tom Dwan, Justin Bonomo Make World Series of Poker Bracelet Bets
Dwan Committed To Playing Full Schedule in 2010
Tom Dwan stands to make over $2 million in bracelet bets if he takes down a WSOP event this summer, the young pro has told Card Player. Phil Ivey and Daniel Negreanu are amongst the high stakes pros getting in on the action.
“Phil (Ivey) and Daniel (Negreanu) obviously bet against me, along with a bunch of other high stakes live pros,” said Dwan, who is taking minimum bets of $5,000.
The New Jersey pro is taking 3.25:1 odds from anybody that wants to bet against him on winning a bracelet this year. If the WSOPE counts, then he would only get 3:1. He also is taking 2:1 on winning two bracelets in three years with any bracelets won in London counting toward a chop
Not only is Dwan willing to bet on himself, but he is also giving others the option to bet on the likes of Ivey and Daniel Negreanu at 2:1 odds to outperform him at this year’s WSOP. If both Negreanu and Ivey win a bracelet and Dwan doesn’t, then Dwan would lose, and vice versa. If both parties take home some gold hardware, then the bet is a push and no money changes hands, regardless of multiple bracelet scenarios.
Dwan’s doubters also have the opportunity to bet against him by choosing any player in the field and Dwan will take 1.3:1 that he will have more cashes than that player.
Dwan is most widely known for his cash game prowess, but this bet has given him incentive to play a ton of events that he wouldn’t have competed in otherwise.
“I wouldn’t normally be playing the $1,500 events and stuff, but this year I’ll play some of them at least,” said Dwan. “Well, I’m probably going to play all of them and see what happens.”
Dwan has garnered a significant amount of action and could stand to win a decent chunk of change if he does take down an event.
“It would be worth at least $2 million this year to win a bracelet, maybe more,” said Dwan.
With all of the money he has riding on this year’s WSOP, Dwan’s cash game schedule will take a little bit of hiatus. He admits that he doesn’t think he will be able to put much of a dent in the “Durrrr Challenge” and will be putting in less volume than normal during the next few months.
Dwan may be showing his confidence by continuing to take bets, but he’s not publicly boasting about his chances just yet.
“Once I put that little gold thing on my wrist, I’ll be real confident,” said Dwan.
Justin Bonomo Has Faith in His Neighbors
Justin Bonomo has decided to take a little bit of a different spin on the bracelet bet idea. Instead of taking bets on just himself, he has made a list of players who currently reside or are staying in the Panorama Towers in Las Vegas during the WSOP and is laying 10:1 that somebody on the list will win a bracelet this year.
“That’s what I thought I would have to give to get action on it,” said Bonomo on why he was offering 10:1. “I ran simulations and assigned percentages to certain players and that’s how I came up with it.”
Including himself, the list is made up of 67 people, which includes Barry Greenstein, Antonio Esfandiari, Phil Laak, Brock Parker, Eric Froehlich, Jimmy Fricke, Lex Veldhuis, and other talented players.
Bonomo is only taking bets that are a minimum of $1,000, which means that for each bet that is placed, he stands to lose at least $10,000, and he has already gotten plenty of takers.
“I don’t like to talk numbers, but right now I could stand to lose a lot of money,” said Bonomo. “Obviously, I think I’m a favorite and that’s why I made the bet, but there is alot of money on the line.”
Dwan and Bonomo have both started their journey towards winning their respective bracelet bets by putting up $50,000 for the WSOP Players Championship.
Big bracelet bets have become fashionable for the high-stakes pros in recent years, especially for cash-game players who are used to frequent six-figure pots, but have trouble focusing on a relatively small buy-in event.
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