After nearly two levels without a bustout at the final table of Event 1 ($350 No-Limit Hold’em), the final nine players took their scheduled break and came back talking about a chop scenario.
Everyone counted their chip stacks and entered the numbers into an online ICM calculator. (ICM calculations are designed to split a prizepool based on a player’s reasonable expected value rather than a straight % based on chip counts.)
The primary holdout was chipleader Derek Buonano, who had a big chip lead, while everyone else had fewer than 25 big blinds. The ICM calculation would award him $81,702, which was about third-place money, and he wasn’t happy with that since he had a big chip lead.
Eventually, a deal was reached for other players to kick in enough money to award Buonano an even $90,000 for first place.
Their finishing places were determined by the agreed-upon payouts:
1st: Derek Buonano – $90,000
2nd: Steven McKoy – $64,001
3rd: Jaime Campos – $58,418
4th: Zack Goodman – $58,323
5th: John Liu – $57,557
6th: David Diaz – $50,047
7th: Jeff Yeh – $42,742
8th: Kevin Ho – $41,000
9th: Daniel Navarrete – $38,787