Professional Poker Player Phil Galfond Put On Hold «Galfond Challenge» After €900,00 Losses

Professional Poker Player Phil Galfond Put On Hold «Galfond Challenge» After € 900,00 Losses

The first match of the high-stakes heads-up battles in the “Galfond Challenge” has been suspended until the beginning of March after online poker legend Phil Galfond lost about a seven-digit sum of money.

After playing 15 days of pot-limit Omaha against “Venividi1993,” Galfond lost more €900,000 to the unknown pro. Galfond himself explained after playing under the tilt for some time. The unexpected downswing caused Galfond to keep on hold the match of his challenge that was scheduled on Tuesday 16th. Galfond announced his intention on his Twitter account, citing difficulties in handling the downswing mentally.

“I lost that hope, and it was replaced by depression,” said Galfond in his social media post. “I’m proud of the way I kept it together for so long, but I found my mind’s limit… I don’t really know whether it was the gained and lost hope, fatigue from day after day of intense poker and study, or something else, but I know that I’ve become unable to play my A or B game.”

According to Galfond`s post, the challenge is going to be back on the rails at the beginning of March. Moreover, a predetermined $3,000/day penalties for not playing the scheduled days will be paid full-scale.

He alluded to the possibility of “moving on to another challenge” after play resumes, which leaves Galfond the possibility of quitting the match entirely, paying the €200,000 side bet and moving on to the next match.

In case if Galfond will carry on playing, he will still have plenty of time to make back the losses. The two agreed to play 25,000 hands and are barely a third of the way through the predetermined number.

High-stakes online mixed games specialist Luke Schwartz forwarded his reaction to social media about the situation The two are scheduled to play €1,000-€2,000 heads-up 8-game online later this year.

“Truth is you’re a washed up nice guy everyone has their time,” said Schwartz in his post. “You certainly can’t beat the top guys in Plo anymore, it’s clearly time to wave the white flag.”

Meanwhile, Galfond responded to Schwartz’s post by confirming that they will play their match, probably after the 2020 World Series of Poker.

There are seven challenges predetermined for Galfond’s challenges. The schedule is availiable below:

Opponent Stakes Game Sidebet Hands
Bill Perkins & Thirst Lounge Streamers €100-€200 PLO $800K:$200K 50,000
Brandon Adams €100-€200 PLO €150K:€100K 40 Hours Of live Poker
Chance Kornuth €100-€200 PLO €1M:€250K 35,000
Dan Cates €100-€200 PLO TBD 7,500
“ActionFreak” €150-€300 PLO €150K:€150K 15,000
“VeniVidi1993” €100-€200 PLO €200K:€100K 25,000
Luke Schwartz €1,000-€2,000 8-Game TBD TBD
last updated 13.02.2020