Tom “durrr” Dwan’s Million Dollar Poker Challenge is comprised of 50,000 poker hands at tables with stakes of $200/$400 or more. After the last hand, whoever has the biggest bankroll will either win $1.5 million from Dwan, or Dwan will win $500,000 of his opponent’s money.

It wasn’t long after Dwan’s challenge that Phil Ivey took Dwan up and agreed to compete… and then David Benyamine and Patrik Antonius followed. These are three of the biggest names in online and live poker. Phil Ivey is a five-time WSOP bracelet winner, Benyamine has one bracelet, and although Antonius has more than $750K in WSOP winnings, he doesn’t wear a bracelet. Dwan has no WSOP bracelets either, but these guys are just about all in the same league, expect for Ivey, who blows them all away. Online opinion polls show that Dwan has no chance against Ivey. Although there are some who believe this whole thing is hype and the challenge will never actually take place or that Dwan will never follow through and end up paying out of his pocket when he doesn’t complete the challenge. But Dwan is a pretty cool guy who would not likely make such a joke out of himself.

There are questions though, surrounding the challenge. Like when and where it will take place. It is most likely that FullTilt Poker will win the free advertisement off this one. Ivey is with FullTilt and both Benyamine and Dwan are known to play at FullTilt. Ivey would not be able to play anywhere else online anyway because his Team FullTilt contract prevents him from doing so. There will also have to be someone neutral to monitor the players and ensure all Dwan’s rules are being followed fairly.

Some might remember back in October 2008 when Dwan attempted to organize a $50K heads-up online challenge with the best of 3 or 5 no limit hold ‘em matches, with a starting chip stack of $300, and blinds would stay the same. This challenge never materialized, but apparently Dwan loves the competitive aspect of poker just as much as he does all the money he wins. By the way, he’s already a top-runner for the biggest winner of 2009.

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