Poker Night on Wall Street: Due to the nature of poker, it’s only natural that hedge fund managers are probably dominant in the sport (that’s right, it is a sport). In case you haven’t gotten your fix of watching poker lately, Bloomberg TV is organizing a “Poker Night on Wall Street” tournament with a $50,000 buy-in.
Six very well-known hedge fund managers, will enter with a buy-in of $50,000 each. The event is tomorrow night in Atlantic City’s Borgata Hotel. Here’s the list of entrants, along with Insider Monkey’s unofficial odds placed on each:
David Einhorn: 5-2
Bill Perkins: 3-1
Jim Chanos: 10-1
Mario Gabelli: 12-1
John Rogers: 15-1
Steve Kuhn: 20-1
The highest odds are divided between David Einhorn and Bill Perkins.
The managers of Greenlight Capital and Skylar Capital Management have participated in World Series of Poker events in the past, and according to the WSOP website, Einhorn managed to get 18th place in 2006 and 3rd place last year, winning over $4 million. Perkins, meanwhile, finished in the top three of a smaller WSOP event earlier this year and won $1.9 million.
Mario Gabelli is also looking forward to the game:
Gabelli participated in an earlier tournament of “Poker Night on Wall Street” which took place in July and was not disclosed publicly.
Here’s a preview video of one hand from Bloomberg: