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Poker News | Casino Poker | Tournament Reports

Phil Ivey Wins LK Boutique $250,000 Challenge at 2014 Aussie Millions

Phil Ivey - Aussie Millions 2014
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Phil Ivey just took down the biggest single cash of his poker career when he won the Aussie Millions $250,000 Challenge for AU$4,000,000. Winning the title in the event also marked the second time that he took home the championship in this event, the first was back in early 2012.

FinishPlayerPrize (AU$)
1Phil Ivey$4,000,000
2Isaac Haxton$2,820,000
3Mike McDonald$1,900,000
4Daniel Negreanu$1,250,000
5Fabian Quoss$800,000
6Tom Dwan$500,000

The event started with 46 entries and Ivey started Day 2 with 622,000 in chips which put him seventh overall. When the televised final table began with eight players, he was second to last in chips. Ivey doesn't know the meaning of the word "surrender" so he went to war to take down the title.

Max Altergott hit the rail first in eighth place at the televised final table which put the big, shiny AU$500,000 bubble squarely in front of the remaining seven players. Erik Seidel did the honors by bursting the bubble and finished in seventh place.

Seidel was all in for close to 15 big blinds with the {J-Diamonds}{J-Clubs} during Level 14 with the blinds at 25,000/50,000/5,000. He ran headfirst into the {K-Clubs}{K-Spades} held by Fabian Quoss. The board came down with {Q-Clubs}{7-Clubs}{3-Diamonds}{2-Clubs}{2-Spades} putting a payday of at least half a million Australian dollars up for grabs for the remaining six players.

Tom Dwan was next to go — in sixth place (AU$500,000); Quoss busted out in fifth place (AU$800,000); Daniel Negreanu took fourth place for (AU$1,250,000); and Mike McDonald headed for the cashier after busting in third place (AU$1,900,000). Then it was down to two: Ivey and Isaac Haxton! Note of interest: Negreanu and McDonald put three bullets in this event and still finished with a profit.

Haxton, who was stuck from his entire 2014 Aussie Millions buy-ins managed to come out ahead for his runner-up finish by winning AU$2,820,000. Haxton had been very active at the 2014 Aussie Millions and played the $25,000 Challenge and the Main Event — busting from both — and then fired six bullets in the $100,000 Challenge and two bullets in this event, bringing his total buy-ins to AU$1,160,000.

Haxton held the chip lead with 6.15 million to Ivey's 5.35 million when heads-up play began. Haxton wasted no time in extending his lead and at one point Ivey was down to close to the two million mark. Ivey took it all in stride and managed a nice double up in Level 18 when the blinds were at 60,000/120,000/10,000 where he completed a full house. Sprinkling a little Ivey magic over the table almost worked when he came close to a double-up right after, but Haxton found a river gutshot to chop the pot.

Ivey began chipping up and took the lead when he won a monster pot during Level 19 with the blinds at 80,000/160,000/20,000; Haxton then dropped to under three million.

Ivey limped the button for 160,000 on the final hand and Haxton raised all-in from the big blind. Ivey asked for a count and then called with the {A-Hearts}{6-Clubs}. Haxton turned over the {8-Spades}{7-Diamonds}. The {A-Diamonds}{K-Hearts}{9-Clubs}{7-Spades}{3-Spades} board sent Haxton out in second place.

Ivey won AU$4,000,000 to move over $20,000,000 in total lifetime tournament earnings. Ivey not only became the first two-time winner of this event, he also moved into second place on poker's all-time money list.

The 2014 Aussie Millions is over for another year. Visit the PokerNews Live Reporting page for a complete look at all of the coverage of the LK Boutique $250,000 Challenge.

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