Amir Lehavot Selling Action For World Series Of Poker Main Event Final TablePoker Pro Wants To Find Investors For 30 Percent Of Himself |
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In a move that had some people in the poker world astonished, 2013 main event finalist Amir Lehavot, who sits second in chips, has decided to sell shares for his final table action.
Lehavot announced the sale via his Twitter, which linked to a poker forum post.
Lehavot is looking to find buyers for 30 percent of his action on poker’s biggest stage. He wants to keep 50 percent, and said that his good friend/investor already has 10 percent. His parents have the remaining 10 percent, he said.
“I’m selling at ICM; this works out to be $29,248 per one percent,” he wrote. “This is with ninth-place money already subtracted out, so for each one percent invested the investor would get one percent of my prize money minus ninth-place money.”
He has put the minimum investment at $10,000.
Lehavot plans to have this all done by Oct. 21. The final table starts in early November.
He said that he plans to publish the list of investors and what stake they have.
David Benefield, who also made the final table, chimed in on the thread, saying that he would definitely buy a piece of Lehavot if it wasn’t a “conflict of interest.”
Lehavot elaborated on what type of deal he thought investors would be getting:
“Clearly I believe I have a skill edge. My finish distribution is better than ICM and hence this is a +EV investment for investors. I’m effectively selling at no markup.”
According to the calculations, he would need to finish third for investors to break even.
When reached by Card Player to talk about the sale, Lehavot declined an interview.
“I’m fortunate enough where selling this action isn’t a high priority for me,” Lehavot wrote. "Obviously I prefer to sell and believe it’s a +EV investment for investors, or I wouldn’t have posted. But if I keep my entire 80 percent, that’s OK. I don’t intend to change the price I’m selling at.”
Lehavot and his opponents are playing for a first-place prize of $8.3 million.
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