Thursday, April 19, 2007

Ram Vaswani Speaks about the rumors of Phil Ivey

Well we have heard the side of the story from Phil Ivey and Daniel Negreanu has written about Phil's side in his blog and now Ram Vaswani has come out and talked about his side of the story.

Here is a breakdown of what went down according to Ram Vaswani:

- Ram says that when he spoke with Phil about the handicaps that would be used in the game Phil blatantly lied about where his skills were as a golfer... as he had obviously improved his game to a greater level. Vaswani feels that since he was provided with misleading information he should not have to pay a single dime of what Ivey ended up winning off of him. Ram felt that this was a game based on trust and friendship and he feels that he was cheated. Vaswani also says that Phil agreed that there relationship is definitely a friendship and that was discussed before they played the first hole.

- At the start of the match the players were discussing how much money each hole would be worth. Ram Vaswani says that he wanted to play for $10,000 a hole and Phil Ivey wanted to play for more. The sides eventually agreed upon $20,000 a hole in singles play and doubles play. Late in the round they ended up playing $25,000 a hole. You must be pretty confident in your abilities to end up playing for that kind of cash.

- The parties continued to play at these levels for the second day as well... but all the money was going to Ivey. Ram then noticed that his buddy Mark was getting real frustrated and Ram decided to take over Mark's bets and just play singles against Phil Ivey... ended up being for $50,000 a hole. Mark eventually walked off the golf course in disgust. Ram did go on to say that as gamblers they are always looking to raise the stakes and double up and that is what he was doing.

- Ram also discussed why he didn't stop playing after the first day of golf when he lost $200,000. Ram states that he felt he played real poorly and that the other guys must have been playing pretty good so he thought to himself that if I play good tomorrow and those guys have a bad day then I can get it all back. What he didn't realize and he soon found out was that he did indeed play poorly on day one but so did the other guys as they came out the second day and played brilliantly. That is when Ram knew something shady was happening to him. Ram felt extremely cheated by what was going on and he felt that after he and Phil had a conversation about the shots that were given and the money that was owed Ram felt that he wouldn't have to pay a dime.

- Phil Ivey did not want to here any of the cheating talk and wanted his money from Ram. The two did decide to set up a meeting where they would have arbitrators hear the situation and see what kind of a conclusion they could up with. The first meeting came when the poker players were in Monte Carlo. Phil Ivey showed up with Barry Greenstein and Martin De Knijff, who Ram felt were clearly on Ivey's side. The fourth person that was there for the arbitration was Richard Redmond who was a mutual friends and had played on the second day of the golf match. Vaswani says it didn't take long before they figured out that the handicaps were definitely off. From there , there was a discussion on finding out where the shots were missed and they would take that money off of the total amount owed to Ivey. Vaswani wanted no part of that because he felt if he was cheated at all he shouldn't owe a penny. There was a heated argument but because all the players were in Monte Carlo for a poker tournament the players would have to finish off there meeting at a different time because they had to go play some poker.

- Because Ram was still in the poker tournament and Phil was knocked out of the tournament they would have to meet up at a later date. They decided they would speak again in April at the Bellagio to figure out the outcome. We will hear what went down at this meeting shortly.

- All in all Ram Vaswani is sticking to his guns of not having to owe a penny because he does feel he was cheated and the game should be declared void.

Stay tuned to see what happens next in the golf poker drama.

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