Think a $125,000 buy-in sounds like a lot of money for an invite-only poker tournament? You might be right, but that’s not the case for everyone, especially not Talal Shakerchi. Announced this past weekend as the final and missing link in the sixteen person Premier League VI tournament put on by PartyPoker, Talal has made an extremely lucrative career out of moving money around. Lots of money!
He is a hedge fund manager that deals with very wealthy accounts that have vast sums of money that make the Premier League buy-in seem paltry in comparison. On top of this, Talal is not just a high roller in the world of finance, he has also put a few high profile victories under his belt in recent years, having taken home first place in the High Roller Event put on by the European Poker Tour in London. This was actually the third large tournament that Talal has won and the second high roller tournament that he has taken down.
Shakerchi is 48 years old and has amassed nearly a million dollars in winnings from live tournaments. This again, is small beans compared to the billions of dollars he moves on any given day in investments and trades.
When asked why he decided to join this tournament, he replied that he wanted to play in one of the biggest games with some of the most notable professional poker players in the world. Nobody can really fault him for this, yet if his recent past performances have been any indication of his potential in this daunting gauntlet of poker professionals, his chances may actually be quite good to take home the first prize. After all, the Premier League’s champion from the previous year, Scott Seiver had nothing but praise for the high rolling poker king, regarding Shakerchi as a “strong player” with a “keen mathematical sense.”
Coming from a fellow poker champion, these words should not be taken lightly. It appears Shakerchi and Seiver will meet again throughout this week as they join other notables in a tournament that will be streamed live online.
One curious aspect to this tournament, is the fact that the top three finishers in each heat will automatically advance to the final table, while both the seventh, eight, ninth and tenth place players will be forced to square off in heads up matchups to determine which two will advance to the final table.