Home / Poker News September 2013 / Amir Lehavot Selling Pieces of his WSOP Main Event Action
Amir Lehavot Selling Pieces of his WSOP Main Event Action
Posted by: Randy Williams - Tue, 2013-09-17 06:42
Amir Lehavot has been peddling pieces of his
2013 WSOP Main Event action. He apparently has 30% of his total up for grabs, in a move which is hardly a surprising one coming from a player who is something of a specialist in this respect. Lehavot made the announcement regarding his move on a
popular poker forum, where he reveals that he had in fact planned to sell some shares of his action well before he reached the final table. Lehavot also said that he was indeed quite familiar with offering pieces to potential buyers, as he usually did it in all the events featuring a buy-in higher than $5k.
Some of Lehavot’s action has already been sold, and he currently only has about 80% of himself. 10% of his action has been bought by his parents and another 10% by a longtime friend of his.
How exactly does this share-peddling and buying work though? Players who are looking to sell pieces of their action usually turn to the ICM (Independent Chip Model), which actually lends a concrete dollar value to the chips players possess. According to the ICM, after the subtraction of the 9th place money (which all the November Niners are already guaranteed to receive), Lehavot’s stack – which is the second largest at the final table – is currently worth $2.92 million. Of course, chip leader JC Tran’s stack is worth the most: it is currently valued to $3.38 million.
In order to turn a profit, Lehavot’s backers will need him to finish in the top 3. If he finishes 4th, they’ll break even, but if he ends up in 5th or lower, they will end up losing. Even though the ROI on such an investment is rather limited indeed, so is the variance, this being the final table.
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