Phil Ivey Loses 787K in a Weekend

Phil Ivey demonstrates questionable bankroll management.

Apparently even Phil Ivey isn’t perfect. While he’s considered by almost everyone (not named Phil Hellmuth) to be the best player in the game, even Ivey can have a rough weekend at the online poker tables. And when he goes cold, he can lose a lot of cash fast…like $787,935 in just two days.

The damage came over the course of 2,832 hands of both $200/$400 Cap Pot Limit Omaha and $500/$1,000 Cap No Limit Hold’Em. And yeah, at those kind of stakes, things can go sideways pretty quickly. The damage was done by a few different opponents, including Phil Galfond, Cole South, Hac Dang, Sam Palmer and and online pro with the username Clockwyze.

Despite the rough ride, you can’t feel too sorry for Ivey. His online winnings for 2010 currently sit at $2,548,803. Sure, they looked a bit better a few days ago, but he still has enough for rent. If his losing ways continue, and they probably won’t, he risks losing his current 2nd place position on this year’s money board. Jungleman12 is closing in fast, and currently sits just just about thirteen grand behind Ivey. And at the top of the list of cash earners for the year? Tom Dwan, with $3,862,454 in profit, for 2010 so far.