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2003 Poker Challenge Cup
Tuesday, March 4, 2003
Event #10
LIMIT HOLD'EM SHOOT-OUT
Buy-In: $300 + $30

Players: 90
Prize Pool: $
27,000

1. Chris Karagulleyan $10,800 Glendale, CA
2. Hung Phi Nguyen 6,210 Garden Grove, CA
3. Mike Krescanko 2,205 Scottsdale, AZ
4. Sam Pyo $1,890 Torrance, CA
5. Dan Torla 1,485 Huntington Beach, CA
6. Arash Ghaneian 1,215 Manhattan Beach, CA
7. Raymond Bonavida 945 Alhambra, CA
8. Eugene Tito 675 Glendale, CA
9. Vincent Casey 540 Montrose, CA


CHRIS KARAGULLEYAN GUNS
DOWN FIELD IN SHOOT-OUT

Professional player Chris Karagulleyan, winner of the World Poker Tour championship event at last year's Legends of Poker, played fast and loose to capture the limit hold'em shoot-out competition, the 10th event of Hustler Casino's Poker Challenge Cup.

Asked if his fast action was the result of the relatively small amount of money involved after most of the money had been chopped at the outset, he said the real reason was simply because "I'm the best and I can push everybody around." Chris recently picked up the new nickname of "Coach" after he had tutored three of his friends to victory at last month's L.A. Poker Classic at Commerce Casino.

The mathematics for this event were very clean: 90 starters equaled nine tables equaled one final table of 9 players, each starting afresh with $1,000 in chips.

But there was a long wait for the final table because three hours elapsed between the time the first table played down to one winner and the time that the last one did. An irritated Mike Krescanko said it was mostly due to the extreme deliberation of Hung Phi Nguyen, who eventually won his table, the last to be completed.

When the finalists finally did sit down, they immediately agreed to take $2,500 each, which accounted for $22,500 of the $27,000 prize pool, and then play for the remaining $4,500. Tournament coordinator Warren Karp thereupon announced that the limit increases would be doubled and the time shortened from 45 to 30 minutes after the first round for the completely understandable reason that, with only chump change involved, he did not care to stick around like a chump for the next five hours.

The tournament eventually came to an abrupt end at the relatively civilized hour of 3 a.m. when the four remaining players agreed to a split.

Karagulleyan, acting as if he was double-parked, started off playing virtually every hand, the consequence being that he was down to $250 after 11 hands and soon went all in. After 20 more hands, though, he had gotten his chips back with interest. "I guess my car has been towed by now," he sighed.

The other players also were fairly action-oriented, because of the 72 hands that were eventually dealt, only one (hand 66) did not see a flop. An onlooker wandering by might have thought it was a $1-$2 Omaha game.

The limits began with two $25 blinds and stakes of $25 and $50, 43 minutes remaining. First player to be thrown off the bus was Vince Casey, "currently" a poker player. On hand 39, with limits at $50 and $100, he was all in holding 7-5 against Dan Torla's pocket jacks. He flopped a 7 and picked up a straight draw, but the jacks prevailed.

Eugene Tito checked out seven hands later and again Torla, who has a WSOP bracelet for a 7-stud event last year, did the honors. Torla had A-4 to Tito's A-3, and Eugene, who has the interesting dual occupations of both financial analyst and a nurse, was pretty close to drawing dead on a flop of J-J-4. The next cards did not resuscitate him. A few hands later the limits went to $100 and $200, and that was as far as Ray Bonavida, a designer, got. He was all in before the flop with A-K against Scottsdale poker player Krescanco's K-Q. A flop of 9-10-J gave Mike a nut straight, while only one of the three remaining queens could save Ray with an ace-high straight. Instead, two jacks came, and the field was narrowed to six.

Two hands later, poker player Arash Ghaneian went up against the rushing Karagulleyan with 8c, 8s. On a three-club flop of A-6-5, he check-raised all in. Another club gave him a flush, but Chris, with pocket queens, had a bigger one.

Hand 57 was by far the biggest one of the night. In three-way action with Chris, Dan and Hung, it was three-bet before and on the flop, which was Q-5-4 with two clubs. "Flush draw, huh?" Hung asked after Torla took the third bet. On an offsuit 10, Dan, who is in marketing, bet all in. Chris raised and Hung gave it up. Torla had A-Q while Karagulleyan, winning with pocket aces, now had more than $3,000. "No respect," Chris smiled, as the table got down to four. "No wonder," Mike Krescanko replied, reminding Chris of how many hands he had been playing.

Two hands later Chris had a temporary setback. Making queens and jacks, he was betting all the way, but Hung, hanging on with pocket 7s, made a set on the river. He was a bit less aggressive than Chris because, after hitting his two-outer, he simply called Chris' last bet without raising.

Krescanko, meanwhile, still figured that Chris had to be weak once in a while. So, on the final hand to be played, he bet into a board of A-4-3-K-4 holding nothing but a 6-2, and Chris picked off his bluff with a K-9.

After some discussion, the players finally decided to end it right there. A chip count showed that Karagulleyan led with an even $3,000, trailed by Hung with $2,300, Krescanko with $2,000 and Sam Pyo with $1,700.

They shook hands, event number 10 had come to an abrupt end and Chris "The Coach" Karagulleyan collected his prize money and then went outside to see if his car was still on the street.


Max Shapiro


2003 Poker Challenge Cup

EVENT 1 EVENT 2 EVENT 3 EVENT 4 EVENT 5
EVENT 6 EVENT 7 EVENT 8 EVENT 9 EVENT 10
EVENT 11 EVENT 12 EVENT 13 EVENT 14 EVENT 15

 

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