Phil Ivey came into today with a very healthy stack of 119,650, but the first level hasn't gone well for him, as we just caught him losing a pot to drop him to 70,000.
Ivey started the action with a raise in middle position to 1,300, and Chad Winters defended his big blind as the lone caller. The flop came down , and Winters check called a bet of 1,600 from Ivey. Both players checked on the turn, and the river pair the board, coming the .
Winters only took a few moments before putting out a bet of 2,600, and Ivey immediately grabbed two orange T5,000 chips, tossed them into the pot, and announced "eight" as they were in the air. This meant a raise to 8,000, and Winters instantly called.
Ivey confidently turned over for trip jacks, but it was no good, as Winters held for a straight. Ivey grimaced a bit before tossing his hand towards the dealer, then quickly counted his chips, and got ready for the next hand.