$1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?

A total of 106,000 Bitcoin (BTC) futures contracts and options expired today, and this has investors curious about how BTC price may respond, leading into and after the expiry. 

Bears were not expecting the most recent run to $11,000, especially after two months of sideways trading activity.The 52% increase in Bitcoin futures’ aggregate open interest increase in July indicates that sellers are either excessively confident or mostly using it for hedge and arbitrage opportunities.

Bitcoin futures aggregate open interest. Source: Skew

The above data shows total futures open interest surpassing $5.2 billion, just 3% shy to its historical high in mid-February. Although this number might seem daunting, the truth is less than $500 million expired today. 

Bitcoin options were a bit more worrisome as 32% of the previous day $2.1 billion in aggregate open interest expired. Unlike futures markets, there is not much benefit in rolling over options over the last trading days.

Options contracts are a winner takes it all market, as those heavily underwater are deemed worthless. As for the $1.4 billion in open interest that did not expire today, the big question is figuring out how bullish/bearish positioned are those.

Futures open interest unfazed after 18% gains

The average leverage usage on BitMEX surpasses 20x, meaning a 10% move should be enough to liquidate 60% of traders due to insufficient margin covering their risk.

Bitcoin BTC perpetual liquidations. Source: Skew

The above chart depicts a mere $115 million in buy liquidations on July 27 despite a 12% price hike, signaling that those sellers had an unusually high margin. This a bullish indicator indeed, as most of those future contracts sellers seem to be hedged.

Options markets remain bullish

Bitcoin options open interest by expiry. Source: Skew

Bitcoin options open interest reduced by $690 million today, leaving 60% of the remaining  $1.4 billion to August and September. More importantly, one should understand the impact on the put/call ratio. This metric provides an excellent gauge of professional traders sentiment.

Bitcoin options put/call ratio. Source: Skew

As per the above chart, the put/call ratio was 63% on July 30, ahead of expiry. This indicates that options (bearish) open interest was 37% smaller than call options (bullish). Preliminary data show that indicator is currently at 69%. Despite remaining in a bullish territory, open interest for the remaining calendar shows slightly less optimism.

The net expiry result will most likely be neutral

Futures markets are naturally more balanced as longs and shorts have equivalent exposure at all times. By monitoring recent perpetual liquidation activity, one can infer that most sellers are fully hedged. Some $500 million expired today, and this is less than 10% of aggregated open interest.

Currently, BTC options markets seem to be favoring bulls, and as mentioned earlier, the most recent Bitcoin (BTC) price surge caught many bears off guard. 

Investors should closely monitor options 25% delta skew indicator and futures contracts contango, as previously reported by Cointelegraph. Each of these indicators will signal whether there is potentially excessive bullish activity.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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Las Vegas Strip Casinos Down Over 60% in June • This Week in Gambling

 July 31, 2020

Following the staggered, limited reopening of properties on the Strip, Las Vegas Strip casinos reported just over $230 million in winnings, which is down 61.4% from the same time last year.

Downtown on Fremont Street, casinos took in just north of $23 million, which was a drop of nearly 56%.  Collectively, casinos in the state of Nevada made $566.8 million, which is a fall of 45.6%.

You can read more about how the Las Vegas Strip casinos did with their June opens when you visit News3 LV.

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Tagged Las Vegas Strip casinos

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What Are The Best Non-Goliath MTTs to Play at Grosvenor Poker?

July 31, 2020Matthew Pitt

The massive Goliath festival shuffles up and deals for the first time on August 1 with the first of 15 scheduled events using the Goliath name. The Goliath Main Event is still a week away with cards being pitched from 4:00 p.m. BST on August 8.

This gives you plenty of time to head to Grosvenor Poker and get to grips with the software so you’re 100% comfortable and in tune with the client before the £100,000 Goliath Main Event begins.

Earlier this week, we covered the various different routes you can take to win a £125 Goliath Main Event seat. There are satellites galore, which is the traditional method, but Grosvenor Poker also has some fantastic tournaments running through the week that you could play, finish in the money, and parley those winnings into a shot at the £100,000 guaranteed spectaular.

The best value tournaments at Grosvenor Poker can be found in their tournament lobby under the Daily GTDs tab. Here you’ll find that every tournament listed has a guaranteed prize pool. There are a range of MTTs from as little as €0.50 right the way up to €200 so there’s literally a guaranteed tournament for everyone.

Win your way into the £100K Goliath for only £0.25

Why not try your luck in The Takedown €2,000 GTD? It’s a €20 buy-in €2,000 guaranteed PKO tournament that starts at 4:00 p.m. BST.

An hour later, at 5:00 p.m., there’s another €20 buy-in tournament call The Sensei. This has €3,000 guaranteed and is a traditional re-entry tournament without bounties.

The best €20 tournament, however, is the Fists of Fury at 6:30 p.m. This is a rebuy event that has a whopping €10,000 guaranteed to be won! Check out this selection of Daily GTD tournaments taking place at Grosvenor Poker.

Time (BST)	Tournament	Buy-in	Type
4:00 p.m.	The Takedown €2,000 GTD	€20	Re-entry knockout
5:00 p.m.	The Sensei €3,000 GTD	€20	Re-entry
5:15 p.m.	The Mini Senpai €750 GTD	€1	Rebuy
5:30 p.m.	The Senpai €1,200 GTD	€5	Re-entry
6:00 p.m.	Way of The Dragon €3,000 GTD	€100	Re-entry 6-max
6:00 p.m.	The Shuriken €2,500 GTD	€30	Re-entry knockout
6:30 p.m.	€10,000 Fists of Fury	€20	€10,000
7:00 p.m.	The Main Sweat €10,000 Gtd	€50	Re-entry knockout
7:00 p.m.	€7,000 Fists of Fury	€10	Rebuy
7:30 p.m.	€1,750 Fists of Fury	€2	Rebuy
8:00 p.m.	€5,000 Fists of Fury	€50	Rebuy
8:30 p.m.	The Uppercut €2,000	€5	Rebuy
9:00 p.m.	The Last Stand €3,500 GTD	€100	Re-entry

This is just a small selection of the amazing Daily GTD tournaments because they 24-hours per day, meaning you can always play for a guaranteed prize pool.

The History of the Ever-Growing Goliath Main Event

Full Goliath Online Schedule

We can’t wait for the Goliath Online series to kick off and start crowning its champion. Make sure you stay with PokerNews throughout the festival to ensure you don’t miss any Goliath-related news, gossip, and special features.

Date	Time	Event	Buy-in	Guarantee	Notes
Sat 1 Aug	4:00 p.m.	Goliath #1: The Opener	£55	£20,000	2-day event
	6:00 p.m.	Goliath #2: PKO	£30	£10,000
Sun 2 Aug	4:00 p.m.	Goliath #3: 25/50	£225	£50,000	2-day event
	6:00 p.m.	Goliath #4: NLH	£30	£10,000	8-Max
	8:00 p.m.	Goliath #5: NLH	£5	£2,000	8-Max
Mon 3 Aug	7:00 p.m.	Goliath #6: NLH 6-Max	£30	£10,000
Tue 4 Aug	7:00 p.m.	Goliath #7: Heads-Up	£55	£8,000	No Late Registration
Wed 5 Aug	7:00 p.m.	Goliath #8: Deep and Steep	£30	£10,000	Turbo
Thu 6 Aug	7:00 p.m.	Goliath #9: PLO	£55	£8,000
Fri 7 Aug	7:00 p.m.	Goliath #10: NLH	£30	£10,000	8-Max
Sat 8 Aug	4:00 p.m.	Goliath #11: MAIN EVENT	£125	£100,000	2-day event
	6:00 p.m.	Goliath #12: 6-Max PKO	£30	£10,000
Sun 9 Aug	4:00 p.m.	Goliath #13: High Roller	£560	£50,000	2-day event
	6:00 p.m.	Goliath #14: R/A	£5	£2,000	Unlimited rebuys / 1 Add-on
	8:00 p.m.	Goliath #15: Freezeout Finish	£30	£8,000	Freezeout

Will You Become the Player of the Series

Grosvenor Poker is adding £2,000 in prizes for the top 10 players in the Goliath Tournament Series. You earn points for every Goliath tournament you play, from 10 points just for playing up to 100 points for becoming a champion. All points from the Goliath Main Event are doubled, making it even more important to win.

The top points earner earns the title Player of the Series and gets their hands on £1,000 worth of tickets. This consists of:

• 1x £560 GUKPT ticket
• 1x £225 25/25 ticket
• 1x £130 Deepstack ticket
• 3x £20 tickets

The other prizes range from a £30 ticket to a £560 GUKPT entry.

Place	Prize
1	£1,000 tickets package
2	£560 GUKPT ticket
3	£225 25/25 ticket
4-6	£130 Deepstack ticket
7-10	£30 ticket

Follow The Goliath Action On PokerNews

Grosvenor Poker and PokerNews are joining forces throughout the Goliath Tournament Series and we’ll be providing live coverage from the £100,000 guaranteed Main Event.

The Goliath tournaments are only available at Grosvenor Poker so why not head there now and create yourself an account?

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What To Expect If Bitcoin Forms Three White Soldiers On Weekly Timeframes

Bitcoin price this week exploded through resistance at $10,000 and blasted to a high of $11,400. The cryptocurrency is now consolidating below that level, gearing up for what one crypto analyst expects to be a follow up nearly one and a half times the size of this week’s rally.

Will the cryptocurrency close a “Three White Soldiers” formation, and if it does, what can be expected for price action in the days and weeks ahead?

Bitcoin Price Weekly Structure Looks Set For Bullish Uptrend Pattern, Claims Crypto Analyst

In response to the United States’ second round of stimulus money flowing into free markets, gold soared to a new record, while silver, Bitcoin, and cryptocurrencies went on a tear.

These hard assets are expected to continue to perform in response to hastening inflation. Cryptocurrencies like Bitcoin are also breaking out from a three-year bear market, providing them with much pent up momentum.

Related Reading | Why Bitcoin Ditching Stock Market Correlation For Gold Is Bullish for BTC

Case in point, BTCUSD rallied over 13% this week alone, after spending nearly three full months consolidating below $10,000. And while much of the push from precious metals and crypto was due to the dollar collapsing and not all due to these assets pumping, most analysts are expecting the uptrend to continue in crypto.

According to one crypto analyst’s “bold take,” they expect Bitcoin to close out this week strong, yet next week much stronger. They see the leading cryptocurrency by market cap performing 1.5 times better than this week, confirming a three white soldiers Japanese candlestick pattern.

But what exactly will the pattern imply if confirmed?

BTCUSD Weekly Three White Soldiers | Source: TradingView

Will Three White Soldiers Form On BTCUSD Weekly Price Chart? What Does This Mean?

Three white soldiers is a bullish Japanese candlestick pattern, where three green candles close in a row, each higher than the next, with similar-sized or increasingly larger candlestick bodies.

Even if the pattern confirms with three candles in a row, due to heavily overbought conditions the fourth candle in the formation is often a pullback. After that, however, three white soldiers would confirm a new uptrend.

The last time such a pattern confirmed, was during the 2019 parabolic rally that took Bitcoin price to $14,000.

Related Reading | Bearish Bitcoin Signal That Preceded 220% Explosion in 2017 Just Flashed

After finally breaking out from resistance near Bitcoin’s bottom, the asset paused, consolidated, and then took off like a rocket ship. The second weekly candle was particularly large after the breakout, matching the rally we’ve seen this past week.

What came next, was another 100% climb before the asset topped out. Another 100% rally from current prices, would take Bitcoin price to a new all-time high.

Three white soldiers are the opposite signal of three black crows. The bearish signal appeared on monthly timeframes following the asset topping in 2019, promoting a new downtrend to follow.

With three white soldiers potentially forming on BTCUSD weekly price charts, will it kick off another explosive uptrend?

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Three Events to Watch: Stadium Series Grand Final, WPT 8-Max, Sunday Sale

July 31, 2020Matthew Pitt

This weekend is huge if you’re an online poker tournament player with huge events taking place on almost every site. There’s so much value floating around that the title of this article could be Two Dozen Events to Watch but, alas, we’re going to touch on just a trio of must-play tournaments.

Stadium Series Reaches Grand Final

The PokerStars Stadium Series has seen some massive prizes awarded but those are set to be blown out of the water when the trio of Grand Finals shuffle up and deal on August 2.

Head to the PokerStars lobby and click the Stadium Series tab to find the remaining scheduled events. The Grand Finals are towards the bottom of the extensive list.

There’s a $55 buy-in Stadium Series Freezeout Grand Final with a cool $1 million guaranteed. You can jump into the $530 buy-in Medium edition and play for a share of a guaranteed $2 million, but the biggest is a $5,200 buy-in version with a gargantuan $5 million guaranteed.

All three Grand Finals take place over the course of three days because the structure is simply that good. For example, the $5,200 $5 million guaranteed Grand Final sees players sit down with 250,000 chips and play to a 20-minute clock (30-minutes after Level 15) that starts at 600/1,200/150a.

All Day 1s shuffle up and deal at 7:05 p.m. CEST on August 2 with Day 2 commencing at the same time on August 3. The third and final day also kicks off at 7:05 p.m. CEST on August 4.

Date	Time (CEST)	Event	Play Ends
Sun 2 Aug	7:05 p.m.	$5,200 High Grand Final Day 1	When players are in the money
	7:05 p.m.	$530 Medium Grand Final Day 1	After 8 hours 50 minutes
	7:05 p.m.	$55 Medium Grand Final Day 1	After 8 hours 50 minutes
Mon 3 Aug	7:05 p.m.	$5,200 High Grand Final Day 2	When 9 players remain
	7:05 p.m.	$530 High Grand Final Day 2	When 9 players remain
	7:05 p.m.	$55 High Grand Final Day 2	When 9 players remain
Tue 4 Aug	7:05 p.m.	$5,200 High Grand Final Final Table
	7:05 p.m.	$530 High Grand Final Final Table
	7:05 p.m.	$55 High Grand Final Final Table

The PokerNews Live Reporting team is on hand to bring you exclusive coverage of the $530 and $5,200 buy-in Stadium Series Freezeout Grand Finals so don’t forget to tune in and rail your favourite player to glory.

Parker Talbot Wins $216K in the Stadium Series Weekly Final

$4.3 Million Guaranteed in the WPT World Online Championships 8-Max Events

The WPT World Online Championships have focussed on Omaha tournaments for the past couple of weekend but not it’s time for the No-Limit Hold’em events to get involved at partypoker.

Three 8-Max Championship events get underway on August 1 and see $4.3 million guaranteed to be won between them. Each of this trio of must-play tournaments features two starting flights, a Day 2 and a final day.

Everyone sits down with 250,000 chips and plays to the blinds starting at 250/500/65a. The clock is 20-minutes for the $33 and $320 buy-in event and 25-minutes for the $3,200 buy-in edition.

Play in all Day 1s ends after 18-levels and Day 2 starts at 8:00 p.m. CEST on August 3. Day 3 starts at 8:00 p.m. prompt on August 4.

Date	Time (CEST)	Event	Play Ends
Sat 1 Aug	8:00 p.m.	$3,200 WPT #03 8-Max Championship Day 1A	End of the 18th level
	8:00 p.m.	$320 WPT #03 8-Max Mini Championship Day 1A	End of the 18th level
	8:00 p.m.	$33 WPT #03 8-Max Micro Championship Day 1A	End of the 18th level
Sun 2 Aug	8:00 p.m.	$3,200 WPT #03 8-Max Championship Day 1B	End of the 18th level
	8:00 p.m.	$320 WPT #03 8-Max Mini Championship Day 1B	End of the 18th level
	8:00 p.m.	$33 WPT #03 8-Max Micro Championship Day 1B	End of the 18th level
Mon 3 Aug	8:00 p.m.	$3,200 WPT #03 8-Max Championship Day 2	When 9 players remain
	8:00 p.m.	$320 WPT #03 8-Max Mini Championship Day 2	End of the 20th level
	8:00 p.m.	$33 WPT #03 8-Max Micro Championship Day 2	End of the 20h level
Tue 4 Aug	8:00 p.m.	$3,200 WPT #03 8-Max Championship Day 3
	8:00 p.m.	$320 WPT #03 8-Max Mini Championship Day 3
	8:00 p.m.	$33 WPT #03 8-Max Micro Championship Day 3

Satellites and Mega Sats are running around the clock, giving you the chance to turn a small investment into the chance of becoming a WPT champion. Win the $3,200 buy-in event and you become part of the exclusive Champions Club plus receive a $15,000 entry to the next Tournament of Champions complete with travel and accommodation expenses.

Learn more about the WPTWOC Mega Sats

Huge Value Awaits in the Sunday Sale Mega Deep at 888poker

888poker is running its popular Sunday Sale again this weekend meaning a handful of its biggest tournament are available to enter for half their usual prize. This makes the $100,000 Sunday Sale Mega Deep exceptional value because it only costs $55 to enter instead of the usual $109.

The $100,000 Sunday Mega Deep has a habit of overlaying even with its $109 full price so everything points towards 888poker having to make up a shortfall in the guarantee, which is great news for you as a player.

If playing in this tournament for only $55 isn’t good enough for you, what about winning your way into it from as little as $2.20? Check out the $100,000 Sunday Sale Mega Deep’s lobby for all the available satellites.

Earn rakeback by registering early for 888poker MTTs

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Bitcoin Must Hold $10,800 to Maintain Bullish Bias—But Will It?

Bitcoin has seen a tumultuous past few days after reaching as high as $11,500 on Monday. In the past 48 hours alone, the asset has whipsawed between $10,600 and $11,400, with bulls and bears attempting to catalyze a range breakout.

Both sides have failed thus far; as of the time of this article’s writing, BTC remains in the middle of the local range at $11,000.

Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold Bitcoin, DeFi Still in Vogue

It may seem that BTC is in no man’s land, but a trader has argued that as long as $10,800 is held, a bullish bias can be held.

Bitcoin Must Hold $10,800 to Hold Bullish Bias: Analyst

According to analyst Edward “Teddy” Cleps, Bitcoin holding $10,800 on the four-hour chart will confirm the short-term bull case.

Cleps cites his custom Secret EMA Cloud, which indicates important technical levels and trends. The indicator accurately predicted the surge from $9,400 to $11,500 last week when BTC broke above the cloud, causing it to flip green.

Bitcoin holding the cloud’s upper boundary in the days ahead should confirm that the uptrend is intact.

The cloud’s upper boundary, denoted by the black line on the chart below, should continue to move towards BTC’s current price as it is an exponential moving average.

Chart of BTC's recent price action with a custom cloud indicator by Edward "Teddy" Cleps (@Teddycleps on Twitter). Chart from TradingView.com

Another level of importance that traders are watching is $10,500.

$10,500 is a level of macro importance for Bitcoin. It marked the top of a BTC rally on three separate occasions: once in October 2019, once in February 2020, and once in June 2020.

To some commentators, BTC must hold above $10,500 when the one-month candle closes in approximately 20 hours after this article’s publishing time.

And according to many analysts, it’s highly probable that it holds.

$12,000 Is Imminent

With the uptrend still intact, analysts are trying to postulate what comes next for BTC.

According to the pseudonymous trader who predicted Bitcoin would bottom 2018’s bear market at $3,200, a move to $12,000 is likely. As reported by NewsBTC previously, this trader wrote in reference to the chart below:

“$btc consolidating above a pretty key breakout level. price contracting, volume declining, seems bullish, continuation soon.”

Chart of BTC's recent price action by trader SmartContracter (Twitter handle). Chart from TradingView.com

What investors do have to watch out for, though, is the high funding rates of Bitcoin and crypto perpetual swaps.

Perpetual swaps are a type of futures contract that is popular in the cryptocurrency industry. Funding is the fee that long positions pay short positions to keep the price of the future close to the price of the underlying asset.

High funding rates often suggest that buyers of perpetual swaps are overextended, leading to short-term corrections where the funding rate normalizes.

Related Reading: On-Chain Metric Signals the BTC Market Isn’t Overheated: Why This Is Bullish

Featured Image from Shutterstock
Price tags: btcusd, xbtusd, btcusdt
Charts from TradingView.com
Bitcoin Must Hold $10,800 to Maintain Bullish Bias—But Will It?

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Patrick “Muddington” Kennedy Wins First WSOP Bracelet in Event #45: $840 Bounty NLHE

After eleven hours, Event #45: $840 Bounty NLHE has come to an end with Patrick “Muddington” Kennedy claiming his first WSOP gold bracelet for $245,448 which includes $104,680 in bounties. He beat Joshua “kaledak” Pollock heads-up in a field of 2,382 participants who created a prize pool of $1,906,500 in total.

Kennedy seems to be a relatively unknown player in the live scene and has collected just over $5,000 in cashes on GGPoker but crushed the final table with aggressive play at the right times. He got the field down to the final table bubble when he eliminated both Blaaz “Sc4rm4k3r” Azerjav and Jie “MTT0516” Wu with jacks. He lost the chip lead for about a minute when Pollock had him covered by almost 7,000 in chips but took it back immediately to cruise towards the win in the end.

2020 GGPoker WSOP Online Bracelets Event #45: $840 Bounty NLHE Final Table Results

Place	Player	Country	Prize	Bounties	Total
1	Patrick “Muddington” Kennedy	United Kingdom	$140,768	$104,680	$245,448
2	Joshua “kaledak” Pollock	United States	$101,212	$11,964	$113,176
3	Bernardo “GGeKKo” Dias	Brazil	$72,772	$7,530	$80,303
4	Franco “pelaguacha” Spitale	Argentina	$52,324	$10,694	$63,078
5	Chi Chung “chipuker” Ho	Taiwan	$37,621	$3,169	$40,790
6	Arie “abush” Kliper	Israel	$27,050	$18,089	$45,139
7	Ho Yin “hoyintai” Tai	Hong Kong	$19,449	$15,469	$34,918
8	Francesco “Pachamama” Favia	Italy	$13,984	$15,366	$29,350
9	Jose “robertoduran” Severino	Panama	$10,055	$3,988	$14,042

Pollock was the only one on the final who had won a bracelet before and he came close to making it three. He would also be the only one to win one in Las Vegas at the Rio All-Suite Hotel & Casino, one on WSOP.com, and one during the 2020 GGPoker WSOP Online Bracelet Events but it wasn’t to be.

Bernardo “GGeKKo” Dias, Jose “robertoduran” Severino, Franco “pelaguacha” Spitale were the more familiar players at the final table and were joined by Chi Chung “chipuker” Ho, Arie “abush” Kliper, Ho Yin “hoyintai” Tai, and Francesco “Pachamama” Favia.

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Bubble Protection in Action

During the first three hours of the tournament, players could register late or reenter up to two times but once the dust had settled, the prize pool details were determined and 332 players would be in the money from the 900 who were still in it at that time. It would take ninety minutes before it was time for the bubble.

Andrei “[email protected]” Popugaev three-bet shoved with aces but saw them get cracked by the kings of “dodi papa” in a hand that was a rollercoaster. The king on the flop gave “dodi papa” a set, Popugaev then turned the higher set, but the river gave his opponent a flush. As Popugaev had registered before the start of the tournament, he was protected during the bubble and got his buy-in back on top of the $950 in bounties that he had earned.

Everything You Need to Know to Compete for a 2020 GGPoker Online WSOP Bracelet

From the Bubble to the Final Table

Many players tried to battle their way to the final table but failed. Players like Artur Martirosyan, Simon Higgins, Mike Leah, Simon Lofberg, Fedor Kruse, Danny Tang, Lev Gottlieb, Ana Marquez, Harry Lodge, Dario Sammartino, and Michael Clacher all busted before they could get there.

Kazuki Ikeuchi came second twice in the WSOP events, in 2018, he and his Tag Team finished behind Nikita Luther and Giuseppe Pantaleo and last year he fell short in the Millionaire Maker when John Gorsuch was victorious. Ikeuchi was aiming to finally grab that bracelet but was eliminated in 13th place this time with Alessandro Giannelli bubbling the final table in the first hand after the break.

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The Final Table

Severino was first to go with Favia following in his footsteps. A few minutes later, Tai took off with Kliper kicked out next for four players to bust in a space of 30 minutes. Kennedy had over 40% of all the chips in play and he maintained that stack while the shorter stacks battled each other. Half an hour later, Ho fell to Pollock.

Dias then closed the gap with Kennedy but it was widened again when the latter took out Spitale in fourth place. Pollock doubled up through Kennedy once before a hand where Dias turned two pair and raised the bet of Pollock. He then called the shove of Kennedy once Pollock got out of the way. Kennedy had turned the straight so Dias was hoping the river would bring another ten or seven but instead he bricked. Dias finished in second place in Event #27: $3,000 No-Limit Hold’em 6-Handed for $308,166 back in 2017 and will be disappointed to not take it down this time either.

Heads-up went back and forth for a bit before Pollock called the four-bet shove of Kennedy for almost 50 big blinds with tens. Kennedy had the higher pocket pair of jacks which held to deliver him the victory while Pollock’s cash today will take him closer to the $1,000,000 mark in WSOP winnings.

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2020 Online WSOP Bracelet Winners on GGPoker

Date	Tournament	Entries	Prize Pool	Winner	Prize
7/26/20	Event #32: $100 The Opener	29,306	$2,571,216	Marcelo Jakovljevic Pudla	$265,880
7/26/20	Event #33: $1,111 Every 1 for Covid Relief	2,323	$2,580,853	Alek Stasiak	$343,204
7/19/20	Event #34: $525 Super Turbo Bounty No-Limit Hold’em 6-Handed	2,214	$1,107,000	Shoma “pp_syon” Ishikawa	$117,650
7/21/20	Event #35: $5,000 Pot-Limit Omaha Championship	328	$1,558,000	Juha Helppi	$290,286
7/22/20	Event #36: $1,500 FIFTY STACK NLHE	1,342	$1,912,350	Michael Clacher	$297,496
7/23/20	Event #37: $1,050 Bounty Pot Limit Omaha	971	$971,000	Hun Wei Lee	$161,886
7/25/20	Event #38: $600 Monster Stack 6-Max	2,007	$1,143,990	Aaron “fishnchip” Wijaya	$171,389
7/26/20	Event #39: $1,500 No Limit Hold’em	922	$1,313,850	Roberto Romanello	$212,613
7/26/20	Event #40: $2,500 Pot Limit Omaha	532	$1,253,500	Simon Lofberg	$224,493
7/28/20	Event #43: $10,000 Short Deck No Limit Hold’em Championship	130	$1,261,000	Lev “LevMeAlone” Gottlieb	$276,393
7/29/20	Event #44: $2,500 NLHE 6-Handed	892	$2,118,500	Kristen Bicknell	$356,412
7/30/20	Event #45: $840 Bounty NLHE	2,382	$1,095,600	Patrick “Muddington” Kennedy	$245,448

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If you want to play in the WSOP 2020 Online on GGPoker, you’ll need to sign up for an account. By downloading GGPoker via PokerNews entitles you to a welcome bonus worth up to $600. Your first deposit is matched 200% up to a maximum of $600, setting you up nicely in time for the WSOP Online.

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This concludes the PokerNews coverage of this event but we’ll be back on Saturday with Event #46: $500 Deepstack No Limit Hold’em and the final tables of Event #41: $400 COLOSSUS & Event #42: $400 PLOSSUS so make sure to come back!

Credit: Source link

source https://cryptonews.wealthsharingsystems.com/2020/07/patrick-muddington-kennedy-wins-first-wsop-bracelet-in-event-45-840-bounty-nlhe/