Landon Tice is in search of some of the money he lost to Bill Perkins in a heads-up challenge earlier this month. The 22-year-old poker pro is betting that he can win a World Series of Poker bracelet this fall, and the hedge fund manager, who never shies away from a prop bet, accepted.
Earlier this year, the poker players agreed to play 20,000 hands of $200/$400 No-Limit Hold’em on the Americas Cardroom poker site. At the end of the challenge, the losing player owed the winner an additional $200,000 side bet.
Perkins, the wealthy investor who always seems to know how to find an edge, negotiated some favorable terms that were beneficial in the end. He convinced Tice, who wasn’t self-bankrolled, to pay a handicap of nine big blinds per 100 hands. Over 20,000 hands, that would come out to $720,000. But the young poker pro, who was only winning at a 3.25 big blinds per 100 hands rate, waved the white flag 4,907 hands into the match when his backers determined they were fighting a losing battle.
Back for more
After swinging for the fences and missing in his first wager against Perkins, Tice has a new bet in mind. Despite never having played in a WSOP bracelet event and having minimal tournament experience, he’s confident he’ll claim some jewelry this fall.
Looking for a small bracelet bet that I either win a live or online bracelet this year only at 10:1
5k max, let me know 🔥
— Landon (@LandonTice) July 21, 2021
“Looking for a small bracelet bet that I either win a live or online bracelet this year only at 10:1 5k max, let me know,” Landon Tice tweeted.
Shaun Deeb, who is almost always in contention for WSOP Player of the Year, offered 1.5-1 odds, to which Tice declined. Perkins, on the other hand, came ready to negotiate.
“7 to 1 live only NLHE events only wsop 30k to win 210k?” Perkins offered his former heads-up foe.
Tice wouldn’t accept that offer and countered with his $10,000 to Perkins’s $80,000 (8-1 odds). The rich amateur poker player accepted and booked the wager.
The current WSOP Online Bracelet Series on WSOP.com, and GGPoker in August, doesn’t count toward the bet. Only wins in live No-Limit Hold’em bracelet events at the Rio in Las Vegas will help Tice win the wager against Perkins.
Tice has minimal live tournament experience but he did ship the 1,123-player $1,100 buy-in MSPT Main Event at Venetian last November for $201,529. Overall, he has $270,183 in live tournament cashes.
Twitter trolls pile on
After Tice quit his heads-up battle against Perkins early, Twitter was rough on the young poker pro. Even Doug Polk piled on with a YouTube video criticizing Tice for giving in so soon. The social media hounds were back at it upon learning about the WSOP prop bet.
“Haven’t you lost enough money from your ego?” Twitter user @MaxVaxxed asked Tice.
“Landon is still trying to gain attention and credibility without earning it, just like he did with the Perkins challenge,” @daliman13 tweeted.
Just block me man who cares it’s a stupid blue bird app 🤷♂️
— Landon (@LandonTice) July 22, 2021
“Live? You ain’t winning a bracelet this year pal,” @PokerKansas informed Tice.