Chip Reese Cashes Out
December 4, 2007 11:37 AM   Subscribe

 
♠♣♦♥ .
posted by stenseng at 11:52 AM on December 4, 2007


or is he just bluffing?
posted by newfers at 11:56 AM on December 4, 2007 [3 favorites]


We all gotta cash in our chips sometime...
posted by stenseng at 11:58 AM on December 4, 2007


He's all in.
posted by mr_crash_davis at 12:03 PM on December 4, 2007


CARD JOKE #417
posted by DU at 12:03 PM on December 4, 2007 [3 favorites]


oh boy, this thread is going to be full of gimmicky obit one-liners. For the sake of brevity can I just list a few, then hopefully they will be out of the way.

variations of:
- "hold them and fold them/walk away"
- Loosing a "bet"
- "Dead man's hand"
- "Life is but a gamble and he lost"

....
ok, sorry that could go on and on.

Let us just say a life has past and for some this is a bigger sorrow then for others. Hopefully he lived well and was well liked.
posted by edgeways at 12:06 PM on December 4, 2007


When I first saw this FPP, I read it as 'Pork Legend Chip Reese Dead at 56,' and I thought to myself, "Porn star?"

Heh.
posted by Pecinpah at 12:12 PM on December 4, 2007


I thought some Porn Stars were Poker Legends...
I'm sorry.
posted by wendell at 12:15 PM on December 4, 2007


And Jimmy Dean is the one real Pork Legend.
I'm sorry again.
posted by wendell at 12:15 PM on December 4, 2007


Curling superstar and former mayor of Paterson Thomas Beveridge has died; it happened a little while back but I just found out about it now. Figure these things happen in 3s.....
posted by Challahtronix at 12:15 PM on December 4, 2007 [1 favorite]


His last hand was Aces and Eights. Go in peace.
posted by splice at 12:17 PM on December 4, 2007


And Edna at Fantastic Sam's is a curling superstar.
I'm even more sorry for that.
posted by wendell at 12:18 PM on December 4, 2007


Sad to hear it. Reportedly, he was the best in the world for a long time, and very tough in gin and backgammon as well.

Tony "The Ant" Spilotro (the guy Joe Pesci's character was based on in Casino) targeted him and his partner, Danny Robinson early in their careers. He was also known for saying, "I chose the more honorable profession" in deciding to become a pro poker player instead of going to law school.

The big game just got a little easier. Not quite enough for me to take a seat, but still.
posted by BigSky at 12:22 PM on December 4, 2007


Something something "big blinds" something "on the button" something something.

Adios, Chip.
posted by cortex at 12:30 PM on December 4, 2007


Hopefully he lived well and was well liked.

I suppose it depends what you mean by that. Chip was probably the single most successful poker player who ever lived in the sense that he's reported as being the guy who won (and held onto) the most money from the game.

He was legendary for his ability to sniff out a fish and then persuade them that it was in their interest to get into a game with people like him, Doyle Brunson, and some of the other players in the Big Game. The book, The Professor, The Banker and The Suicide Kings is an account of a game that Chip set up with billionaire banker Andy Beal, who wanted to test himself against the best players in the world. The poker players were so far out of their financial league in this game that they had to set up a syndicate and take turns playing with their collective bankroll at heads-up limit hold-em. Despite this, there were times when Beal was way ahead, reportedly because the consortium was just so intimidated by the stakes they were playing for.

Michael Craig reports on the rematch.

So, I dunno. There's always seemed to me to be something faintly dubious about the way that a professional gambler seeks out weaker players in order to make their living. They tend to argue that as rational sentient beings, their opponents know what they're getting into, and are happy to pay for the pleasure of competition. However, I've never heard of anyone telling a tilting compulsive gambler to take their money and go home.

So, did he live well and was he well liked? I dunno, but he was certainly a hell of a poker player.
posted by PeterMcDermott at 12:32 PM on December 4, 2007


.

It sucks when your heroes die.

Chip was widely regarded as the best all around poker player in the world. He focused primarily on cash games, playing the biggest games in the world, and destroyed them for 30+ years. His friend, the legendary player Doyle Brunson, once said that if he had to choose a single player to play poker for his (Doyle's) life, he would choose Chip. In 2006, Chip won the inaugural $50,000 buy-in H.O.R.S.E event at the World Series of Poker. In H.O.R.S.E. (the acronym stands for Holdem, Omaha, Razz, Stud, and stud high/low Eight or better), players play a rotation of different games, and must excel at each to survive. Because the event involves five different games, a huge buy-in, and a smaller and MUCH tougher field, this event is now seen as the true world championship for poker; a contest with a greater skill quotient than the $10,000 buy-in Main Event, which attracts 6,000 people, most of whom aren't particularly skilled relative to the the game's elite.

Yes, I know, even some of us who obsess over our poker are burnt out and feel that poker is over-exposed, has jumped the shark, and when televised is about as interesting as watching paint dry (High Stakes Poker excepted, of course.) Nonetheless, this is a true loss for those of us who love this game. By his reputation, Chip was the embodiment of "grace under pressure" -- unflappable, excellent, persistent, and a lifetime winner at poker, backgammon, sports betting, gin, and bridge. I don't mean to suggest by this praise that being a professional gambler and game player is an honorable profession, or that Chip was a man without faults -- those are topics for a different discussion -- but in a country that is supposed to have 30 million poker players of varying ability, Chip was regarded by the top professional players that were his peers to be the best to play the game, and that's saying something. As Daniel Negreanu, another pro, once said, "Chip Reese [is] considered the best, but he is a little better than that."

RIP, Chip.
posted by mosk at 12:44 PM on December 4, 2007 [7 favorites]


Is Chip a nickname? That seems too perfect for a poker player.
posted by Pants! at 12:49 PM on December 4, 2007


>Is Chip a nickname? That seems too perfect for a poker player.

Yes, his given name was David Reese.
posted by mosk at 12:51 PM on December 4, 2007


Yeah, naming your kid ‘Chip’ and him going into poker is like naming your kid ‘Speed.’
I mean what the hell was Pops Racer thinking?


I wonder if it was the action or the money (probably bit of both) that made him decide on his career path. I’d think he would have made more than 3 or 4 odd million graduating from Stanford biz. He seems like he was a hard charger all around.
Of course, if you have a real passion for something you’re going to pursue that. And clearly, he had that.
posted by Smedleyman at 1:05 PM on December 4, 2007



posted by stupidsexyFlanders at 1:05 PM on December 4, 2007


Chip Reese was not just a great poker player. He was incredibly friendly and pleasant to be around.

I've only shared a table with him for two or three hours, and I'm saddened that I will never again have the opportunity.

.
posted by Tacos Are Pretty Great at 1:15 PM on December 4, 2007


I’d think he would have made more than 3 or 4 odd million graduating from Stanford biz.

Chip Reese probably won better than $50m across his career. He made a solid $3m in tournaments alone, and he was a cash game player, not a tournament player.
posted by Tacos Are Pretty Great at 1:18 PM on December 4, 2007


.
posted by Duncan at 1:19 PM on December 4, 2007


He flopped the nuts and drew dead.

:(
posted by basicchannel at 1:31 PM on December 4, 2007


He flopped the nuts

Um.
posted by dersins at 1:36 PM on December 4, 2007


folds.
posted by MiltonRandKalman at 1:56 PM on December 4, 2007


Figure these things happen in 3s.....

Rummy! No...that's not right. RIP Chip.

.
posted by samsara at 1:57 PM on December 4, 2007


.
posted by muddylemon at 3:52 PM on December 4, 2007


56 -- I bet they were suited.
posted by Clave at 2:17 AM on December 5, 2007


.
posted by barrakuda at 12:27 PM on December 5, 2007


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