Poker Tournament Entry Fees – Getting Backers to Cover You – Jay Farber Story

One cool thing about this years major poker event the World Series of Poker is Jay Farber. He came out of nowhere and only considers poker a hobby . But he placed 2nd and collected over $5,000,000 for his efforts. His secret is he got backers to cover the $10,000 entry fee.

He stated he didn’t have the money to come up for the entry fee and got backers to cover him. If you don’t have the money for any of the exciting tournaments and you’re a good player, you might be able to get backers to cover you for a piece of the action. In this case your talking $10,000 – maybe a thousand from a couple of people who believe in your poker skills.The payoff can be enormous. For every thousand Jay Farber’s backers invested, they got $840,000 back. That’s in a couple of months , that’s better than most stock investments! And penny stocks at that. Where would find backers? Look no further than your poker pals who have a vested interest in the game and if you win often , might even trust your ability to win a larger tournament.

That’s the Jay Farber story. He’s a Vegas night club promoter . Short and beefy with tattoes everywhere. He’s the Chris Moneymaker of today and won twice as much. He presents a new way of getting in big buck tournaments. Another way is of course freerolls. And winning freeroll tournaments repeatedly.

WSOP Update – Ryan Riess Wins WSOP 2013 Takes $8,400,000 Million Prize

As I predicted, Ryan Riess won the WSOP 2013. He’ll take home over 8 million dollars as well as a diamond encrusted bracelet.

He started behind but used his skill and luck to win. In the final call, he had Ace and King of hearts and went all in. Farber stood with a Queen and Five of spades. The community cards were four , Jack and ten. Neither fourth or fifth community cards helped Farber and Riess was crowned winner.

Don’t cry for Farber, he walks away with over $5,000,000 million dollars. More than some winners won in previous tournaments.Interesting to note, Farber sold parts of his buy in. He said he didn’t have $10,000 to invest himself. How much of it he keeps is anyone’s guess. But his investors got a nice return!!

WSOP Update – Heads Up Tonight with Ryan Reiss and Jay Farber in the World Series of Poker

It’s all come down to this , the greatest heads up match of the year. It’s the WSOP grand prize and the winner will be either Ryan Reiss or Jay Farber. Ryan Reiss is the 23 year old former casino dealer who turned poker pro and Jay Farber is the poker hobbyist who got lucky. Who will win? If I had to bet, I think Ryan Reiss will pull of the victory. I’m sure in Vegas someone has odds placed.

Ryan Reiss eliminated Amir Lehavot, who leaves in third place with $3,700,000. Don’t feel bad for him.

JC Tran, who came in as chip leader busted out and came in fifth place. He had a string of weak hands. So goes it in poker, he was favored to win.

The WSOP is broadcast with 15 minute delays to prevent cheating. Tonight is the final heads up match of the World Series of Poker.

The WSOP Final Table Overview

Today is the WSOP Final Table, the culmination of a poker tournament that started in May. Up for grabs is over $8,000,000. But everyone is a winner with even the ninth place finisher collecting over $700,000. It’s amazing that one night could be so valuable. The players are on point to win and have been from the start. Let’s look at some of the players since you will probably see more of them. Most are experienced poker pros.

Players in the Final Table

JC Tran – The chip leader is the most awarded player at this final table. He  was one of poker’s beacons during the recent boom , but turned and centered his goals around home. Instead of being a constant poker tour player, spending much of the year on the road, Tran elected to stay  closer to his wife and son and has played only a few major poker tournaments over the past couple of years. He’s a  two-time WSOP bracelet winner, World Championship of Online Poker champion and WPT champion is in command of this final table.

Amir Lehavot – He followed his interest in poker in 2007 and found a passion in online poker. He’s a previous WSOP bracelet winner.He’s an engineer by trade.

Marc-Etienne McLaughlin –  His history speaks for itself with three top 86 finishes in the WSOP since 2009. His friend is Jonathan Duhamel.

Jay Farber – a nightclub promoter, he has always had a drive for poker and finally was able to explore that and play in the main event this year. He’s one of the least experienced players but history has way of making winners when there were none.

Ryan Riess – At 23 , he’s the youngest player in the Final Table and hails from Michigan..He was  dealer in a casino and is now a player. I wonder if nights observing others play has paid off.

Sylvain Loosli – A Frenchman, he is also one of the least experienced players. Let’s if his streak continues.

Michiel Brummelhuis – He has a background in poker is great with focus on cash games and tourneys. He’s well known in Europe. He’s from Holland.

Mark Newhouse – It’s hard to stay on top of the poker world. He rose to the top of tournament play in 2006 but things changed like a bad beat.He’s a winner anyway even if he loses in ninth place , he’ll still pocket over $700,000.

David Benefield – Off to an impressive start in the poker world, Benefield built up a huge bankroll and then went back to college for Asian Studies at Ivy League Columbia. Asian studies lead him to Macau and back to the poker world . He’s had an incredible year. Will he keep it up.

Let the game begin!