November Niner Amir Lehavot Selling Action for WSOP Final Table
Lehavot, who sits second in chips, has decided to sell shares for his final table action. He is looking to find buyers for 30 percent of his action. Lehavot announced the sale via his Twitter, which linked to a poker forum post. 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.
He is selling at ICM (Independent Chip Model) a mathematical model used to calculate a player’s overall equity in a tournament and this works out to be $29,248 per one percent. This is with ninth-place money already subtracted out, so for each one percent invested the investor would get one percent of his prize money minus ninth-place money. He has set the minimum investment at $10,000.
Lehavot plans to publish the list of investors and what stake they have.
According to the calculations, he would need to finish third for investors to break even.
Amir has already amassed more than $1.6 million in live tournament winnings not counting the Main Event and is a previous a WSOP bracelet in Pot Limit Hold’em event.