High stakes online regulars Phil Ivey and Tom Dwan got together this afternoon for a show of complete gambling degeneracy, a series of two flips worth $400k each. Both players bought in for the max on Dwan’s very own $500/1000 deep heads up PLO table and proceeded to go all in blind two times in what was definitely the largest ‘flips’ scenario in online poker history.

When all of the money went in the middle the first time, Ivey would have the early lead with 6c 2h Ts Tc. Dwan was behind at the moment but his 7s 8d Td Qd had a lot of potential to flop a big hand. The 4s 3c Ad came on the flop though, which was bad news for Dwan as he would need to catch a queen or runner-runner cards to overcome Ivey. The 9d on the turn would certainly make things interesting, as it added diamond flush draw outs for Dwan. The 2s fell on the river though and Ivey’s tens would be good enough to win him the first of two $400k pots.

FullTiltPoker Game #10999060249: Table durrrr (deep hu) – $500/$1000 – Pot Limit Omaha Hi – 16:53:50 ET – 2009/03/06
Seat 1: durrrr ($200,000)
Seat 2: Phil Ivey ($200,000)
Phil Ivey: k
Phil Ivey posts the small blind of $500
durrrr has 5 seconds left to act
durrrr posts the big blind of $1,000
The button is in seat #2
*** HOLE CARDS ***
Phil Ivey raises to $3,000
durrrr raises to $9,000
Phil Ivey raises to $27,000
durrrr: wowoowwowo
durrrr has 15 seconds left to act
durrrr raises to $81,000
Phil Ivey raises to $200,000, and is all in
durrrr calls $119,000, and is all in
Phil Ivey shows [6c 2h Ts Tc]
durrrr shows [7s 8d Td Qd]
*** FLOP *** [4s 3c Ad]
*** TURN *** [4s 3c Ad] [9d]
*** RIVER *** [4s 3c Ad 9d] [2s]
Phil Ivey shows a pair of Tens
durrrr shows Ace Queen high
Phil Ivey wins the pot ($399,999.50) with a pair of Tens
durrrr adds $50,000
*** SUMMARY ***
Total pot $400,000 | Rake $0.50
Board: [4s 3c Ad 9d 2s]
Seat 1: durrrr (big blind) showed [7s 8d Td Qd] and lost with Ace Queen high
Seat 2: Phil Ivey (small blind) showed [6c 2h Ts Tc] and won ($399,999.50) with a pair of Tens

They then went for round two and, with Ivey already freerolling the second flip, Dwan would have to be the nervous one this time. Neither player would be far ahead of the other when the cards were turned over. It was Ivey’s 4s Kd 9s Tc up against Dwan’s 7c 8s Qc 9c. The flop however would go Ivey’s way as it came Kh As 5c, giving him a pair of kings. Dwan would again need to get lucky and catch runner-runner cards to win. The Jc on the turn did improve Dwan a bit, as he could hit a ten to make a straight and win, but with one of those tens in Ivey’s hand he would be drawing to three outs. The final card came the 5c which didn’t change anything and Ivey would once again win the flip, ending up $400k on Dwan in just two short hands.

FullTiltPoker Game #10999105779: Table durrrr (deep hu) – $500/$1000 – Pot Limit Omaha Hi – 16:56:43 ET – 2009/03/06
Seat 1: durrrr ($200,000)
Seat 2: Phil Ivey ($402,999)
Phil Ivey posts the small blind of $500
durrrr posts the big blind of $1,000
The button is in seat #2
*** HOLE CARDS ***
Phil Ivey raises to $3,000
durrrr raises to $9,000
Phil Ivey raises to $27,000
durrrr raises to $81,000
Phil Ivey raises to $243,000
durrrr calls $119,000, and is all in
Phil Ivey shows [4s Kd 9s Tc]
durrrr shows [7c 8s Qc 9c]
Uncalled bet of $43,000 returned to Phil Ivey
*** FLOP *** [Kh As 5c]
*** TURN *** [Kh As 5c] [Jc]
*** RIVER *** [Kh As 5c Jc] [5s]
Phil Ivey shows two pair, Kings and Fives
durrrr shows a pair of Fives
Phil Ivey wins the pot ($399,999.50) with two pair, Kings and Fives
durrrr adds $50,000
*** SUMMARY ***
Total pot $400,000 | Rake $0.50
Board: [Kh As 5c Jc 5s]
Seat 1: durrrr (big blind) showed [7c 8s Qc 9c] and lost with a pair of Fives
Seat 2: Phil Ivey (small blind) showed [4s Kd 9s Tc] and won ($399,999.50) with two pair, Kings and Fives