Monday June 11, 2012 :  FRANKENBURGER EDGES OUT IVEY TO WIN WORLD SERIES OF POKER EVENT (Update)
 
Ivey denied his ninth WSOP bracelet in $10,000 buy-in Pot-Limit Hold'em competition
 
Event 17 at the World Series of Poker – a $10,000 buy-in Pot-Limit Hold'em competition – was the centre of attention Sunday as the final table formed with international ace Phil Ivey a hot favourite to win his ninth WSOP bracelet.
 
But it was not to be as former Wall Street equity trader Andy Frankenburger bested him in the heads up to win his second WSOP bracelet and the $445,899 main prize.
 
The duo had survived three days and a field of 179 players that included a slew of top international players, as evidenced by the composition of the final table, where Frankenburger and Ivey started out facing Ali Eslami, Alexander Venovski, Manuel Bevand, Shaun Deeb, Matthew Marafioti, Daniel Weinman and Hoyt Corkins.
 
Generous in victory, Frankenburger commented: “Winning a bracelet is everyone’s dream, but beating Ivey heads-up is like a fairytale. I can’t even believe it just happened. He is such a great player, and I learned a lot from playing with him at the final table.”
 
Ivey's runner-up prize paid out $275,559.