Monday January 25, 2021 at 9:01 pm

Phil Galfond won another Galfond Challenge at Run It Once Poker. With less than 10,000 hands remaining in a 35,000-hand heads-up PLO battle, Chance Kornuth threw in the towel against Phil Galfond. Galfond banked $726,500 through 25,400 hands of $100/$200 PLO. Kornuth lost $250,000 in the side bet with Galfond at 4 to 1 odds. Galfond has now won three out of seven scheduled challenges.

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Phil Galfond is the GOAT for a reason, eh? He's been the man at the virtual PLO tables for the last 15 years. No one has been able to consistently crush anyone in his path. A few came close and a few went on hot streaks, but over the long haul. Galfond always comes out ahead. So far, he's a perfect three for three on these heads-up nosebleed PLO throwdowns.

So, the latest Phil Galfond Challenge featured Chance Kornuth up against Galfond. Kornuth won three WSOP bracelets and banked nearly $7.5 million in tournaments. He's most known for his deep run at the 2015 PCA in the Bahamas when he final tabled the $10K Main Event, but finished in third place for $641K.

Kornuth and Galfond agreed to slug it out for 35,000 hands of PLO at $100/$200 stakes. They also had a side bet. Galfond put up $1 million of his own money and offered Kornuth 4/1 odds, so Kornuth only put up $250K.

Kornuth jumped out to a early lead during the first 35 sessions. Kornuth's biggest lead was around $345K. However, Galfond switched gears and went on one of his insane runs. Once Galfond gets hot, he's impossible to cool down. Galfond stormed back to wiped out the deficit and get even. Over a bakers dozen number of sessions since he lowest point, Galfond pulled off a million dollar swing.

Kornuth had a specific number where he would walk away. That number was 750K, which got close at the onset of session #50. Kornuth channeled his inner Kenny Rogers and decided to concede. Rogers said it best in The Gambler, "You gotta know when to hold'em, know when to fold'em, know when to walk away, know when to run."

When the dust settled, Kornuth was down $726,500. Toss in the $250K side bet, and he was stuck 976,500.

"I've decided to concede the challenge," tweeted Kornuth. "Congrats to @PhilGalfond on another #GalfondChallenge Victory. It was an incredibly fun battle even though I lost. Going to take a few days w/ friends and family."

The two slugged it out for four months, yikes!

"I guess it was 'only' 4 months? I have no sense of time anymore because of these things," tweeted Galfond.

Last year, Galfond stormed back in an epic comeback against VeniVidi to win the inaugural Galfond Challenge that was 25K hands of €100/€200 PLO. Galfond won €1.47 million and a side bet worth €100K.

In the second battle against Action Freak, they played 15K hands of €150/€300 PLO. Galfond won €115K during their heads-up joust, plus a side bet worth €150K.

Galfond has four more challenges lined up against Bill Perkins, Jungleman, Brandon Adams, and Luke Schwartz.

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Thursday October 28, 2021 at 7:04 pm
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