November Niner Sells His WSOP Final Table Shares

September 20, 2013

Lehavot is looking for investors for 30 percent of his final table action. He said his parents have 10 percent, his good friend/investor has 10 percent, and he wants to keep 50 percent.

“I’m selling at ICM; this works out to be $29,248 per one percent,” he wrote on his Twitter, which links to a poker forum post. “This is with ninth-place money already subtracted out, so for each one percent invested the investor would get one percent of my prize money minus ninth-place money.”

Lehavot is a finalist for the 2013 Main Event and sits second in chips. The pro has put the minimum investment at $10,000. He plans to be done with all this by Oct. 21 as the final table starts in early Nov. He said he will publish the investors list and their stakes.
David Benefield, also a final table finisher, contributed to the thread saying he would buy some of Lehavot as long as it wasn’t a “conflict of interest.”

Lehavot will have to finish third so that his investors can break even. As he elaborated on the deal they are getting, he wrote, “Clearly I believe I have a skill edge. My finish distribution is better than ICM and hence this is a +EV investment for investors. I’m effectively selling at no markup.”

“I’m fortunate enough where selling this action isn’t a high priority for me,” Lehavot wrote. “Obviously I prefer to sell and believe it’s a +EV investment for investors, or I wouldn’t have posted. But if I keep my entire 80 percent, that’s OK. I don’t intend to change the price I’m selling at,” he added.

The November final table will award an $8.3 million first-place prize.


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