Phil Hellmuth Goes Back on Promise to Buy-In for $300,000 in Televised Cash Games

February 27, 2023
Mark Patrickson

Phil Hellmuth, known for his polarising personality in the world of poker, has reneged on his commitment to invest $300,000 of his own money in televised cash games. The decision came after suffering significant losses on two popular shows, Hustler Casino Live and Live at the Bike, leading him to back out due to an admitted lack of nerve for the huge losses.

Brutally Honest Decision

Phil Hellmuth claims that he will still play deep stacked in the future but with the option to sell action and buy-in for whatever he chooses. The tipping point for him appears to have been a hand in which he lost $140,000 while holding pocket kings on Live at the Bike. Despite having a net worth that should not be significantly affected by such a loss, Hellmuth's decision can be attributed to a mental hurdle.

Daniel Negreanu wasted no time in taking a jab at Hellmuth's recent short stack strategy. He commented on the poor viewership Hellmuth's game had received and criticised his performance with the over-cautious style. Hellmuth responded with his trademark defensiveness, and then Matt Berkey got into a heated discussion with Hellmuth over his declared record in live televised cash games.

There was one positive exchange in this Twitter thread that might have poker fans getting a little excited. Tony G popped up and baited Phil Hellmuth into a “super high stakes” heads-up battle in the future. Now that is a match we would all like to see.

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