Did Tony G Really Win Over $7 Million? CoinPoker Explained

When you learn this week’s Big Winners rundown, you’ll have noticed that Tony G received a pot value $7.7 million. Alternatively, as a result of CoinPoker video games don’t use usual currencies, there was once some confusion over how a lot the pot was once in reality value. We’ve were given the solution.

Tony G entered the list books remaining week by way of successful a money recreation pot value greater than $7 million. (Symbol: Twitter/TonyGuoga)

CoinPoker is a crypto web site. That implies it doesn’t settle for fiat currencies reminiscent of USD, EUR, and GBP. As a substitute, gamers can ship cash from a crypto pockets to their CoinPoker account.

At the moment, CoinPoker processes bills in 5 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Polygon (MATIC), and CoinPoker Token (CHP).

coinpoker cashier

A screenshot of the CoinPoker deposit web page. (Symbol: CoinPoker)

Those tokens can be utilized for deposits and withdrawals, however the only used on money recreation tables and for match buy-ins is Tether (USDT). This recreation of PLO was once being performed at $10K/$20K stakes, with a $2,500 ante — considerably upper stakes than the $1k/$2k recreation wherein Tony G set the former list with a $1.8 million pot that may finally end up being chopped.

However simply how large this pot actually was once remained unsure.

Tether image reasons confusion

The image for Tether is ₮. That is the place probably the most confusion surrounding Tony G’s $7.7 million pot may stem from. Tether’s image seems to be very similar to the only used for the Indian Rupee: ₹.

Distinguishing between the 2, specifically when the symbols are just a few pixels, can also be difficult (see the tweet above). What’s extra, USDT isn’t a fiat foreign money and, except you’re versed within the basics of crypto, it received’t be glaring how a lot ₮1 is value.

Not like Bitcoin et al, Tether (USDT) is a stablecoin. This implies its worth is related to a fiat foreign money and, due to this fact, solid. To place it differently, the token’s worth is tethered to that of any other.

USDT is related to the price of USD. You’ll be able to recall to mind it because the crypto identical of america Greenback. That implies ₮1 is value $1. So, the pot you’ll see Tony G successful within the video above was once value greater than ₮7 million or, in USD, over $7 million.

Space cash?

CardsChat spoke to a CoinPoker consultant by means of the messaging app Telegram. They showed that the onsite desk foreign money is USDT, which is related to the price of USD at a 1:1 ratio.

coin poker chat

A CoinPoker rep confirms the record-breaking pot. (Symbol: Dan Smyth)

That implies Tony G received the biggest pot in on-line poker historical past. What’s extra, it thrusts CoinPoker into the highlight as the brand new position to play prime stakes poker.

There’s the query of whether or not or now not the cash is actual. The cash on the table is certainly real and Tony G actually did win the pot. Do probably the most gamers have a deal wherein they obtain a share in their losses again because of astronomical sums of cash concerned?

Even within the largest growth days of on-line poker, 7-figure pots were rare. The just about 7-fold leap from the former list set remaining month leaves some speculating if this cash might be just a marketing expense, with little in reality in danger.

The truth is one thing we might by no means know. Something we do know, alternatively, is that Tony G received extra in one hand than Joe Hachem were given for successful the 2005 WSOP Primary Match ($7.5 million). And he’s were given the screenshots to turn out it.

Did Tony G Really Win Over $7 Million? CoinPoker Explained

Written by way of

Daniel Smyth

Dan Smyth is a poker media journeyman who with courtesy reminds CardsChat readers that poker is performed everywhere in the international, now not simply The usa.

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Author: Bradley Watson