Word: poker
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...called "Begs" enters the final table with 29.9 million chips, which is third most. He'll be competing against plenty of pros seated around the table, including Phil Ivey (9.8 million chips), who many believe is the best poker player alive, and another accomplished pro, Jeff Shulman (19.6 million chips...
...Phil Hellmuth has forgotten more about poker than I will ever know," says Begleiter. "So if he says I will make a big mistake I presume he is a heavy favorite to be right. But I guess I'll still show up and see what happens." Begleiter acknowledges the X-factor dimension he brings to the final table but says it could be his ace in the hole; his unpredictability helps make him a dangerous player...
...time poker has had its share of successful amateurs in recent years, some of them simple garage gamblers with a dream of getting in a high-stakes game and, when they finally do, riding good cards and tight play to a money finish. Indeed, the current chips leader in this event (with 58.9 million chips) is Darvin Moon, 45, an honest-to-god logger from Maryland. (Read "The New King of Poker...
Event organizers don't track all the contestants' occupations. But they confirm a relatively high incidence in recent years of players possessing a finance background. Ari Kiev, a psychiatrist and securities-trading coach, says poker and Wall Street have a lot in common "in terms of trying to make high probability bets in an instant with insufficient information." Kiev says good poker players, like good traders, "have a strong desire for wins but have a tolerance for losses; they know how to recover from failure...
...November Nine." He wouldn't be there if not for the implosion of his longtime employer Bear Stearns, where he headed corporate strategy and helped wind down the firm's business amid the financial panic of 2008. The demise of Bears Stearns marked the rise of Begs the poker player. After the firm was sold to JPMorgan in March of 2008, Begleiter was without work and looking for someplace to let off steam. "I decided what the heck," he recalls. "I'm going to play the Main Event...