Pete Chen Earned Another Live Poker Victory in Las Vegas
Natural8 Team Hot ambassador Pete Chen has been off to an excellent start during the in-person 2021 World Series of Poker after earning his very first coveted gold bracelet during the early stages of the festival. He had another shot at glory soon thereafter but came up close of the second triumph. However, that very day turned out to be a glorious one under special circumstances as he added another live poker victory to his poker resume.
Chen skipped the $5,000 NLHE 6-Max Event at the WSOP because he had already bagged up chips in the $2,200 Wynn Mystery Bounty, and the restart clashed with one of the toughest tournaments on the schedule. Instead, he entered the fray on Day 1 and ran up a bigger stack in Event #26: $1,000 Freezeout No-Limit Hold’em.
Sure enough, both tournaments restarted for their respective Day 2 at exactly the same time and in different casinos in Las Vegas. How did Chen solve the dilemma? He played both events and benefited from different structures. The WSOP Event had 30-minute levels and Chen was eliminated in 20th place for $6,074 after his ace-king ended up second-best to ace-queen.
He then rushed over to the Wynn on the Las Vegas Strip and found his stack down by just 25%. A long day of poker would be ahead for the Taiwanese poker pro as he ended up not only cruising to the money but also towards the final table. But what exactly did the Mystery Bounty Event include?
This new bounty tournament format was held for the first time on a large scale in live poker earlier in 2021 and proved to be a massive success. The $2,200 Wynn Mystery Bounty was no different as it attracted a field of 2,333 entries across all three starting days. All players who made Day 2 were in the money and had a portion of the $4,666,000 prize pool locked up.
While the cash prizes were already a nice return on the investment, it was all about the bounty prizes ranging between $500 and an astonishing $250,000. For each player eliminated, players could grab one random envelope out of a drawer, and the largest payday fell pretty early as Donald Nimneh drew the golden envelope.
Other big prizes such as $100,000 bounties were collected, and Natural8 Team Hot ambassador Kitty Kuo drew two $25,000 bounty envelopes for a nice boost to her Las Vegas live poker bankroll. She also made a deep run in the tournament as well and earned a cash prize of $13,630 on top of her 34th place finish.
Chen entered the final day as the chip leader and knocked out Ray Medlin to earn another shot at a bounty envelope. Notables such as Matthew Zarcadoolas and Onur Unsal were eliminated outside the top five. Florian Duta was then busted by Kevin Klunder and Chen scored the final elimination of the night when he sent Daniel Rezaei to the rail.
The final three players cut an ICM deal past 3.30 in the morning as an eventful day for Chen came to an end. He earned the biggest cash prize worth $289,193 while Argentina’s Ezequiel Waigel took home $263,627 and Klunder secured a payday of $261,440.
As far as the bounty prizes are concerned, the Natural8 Team Hot ambassador had the opportunity to select an envelope nine times. Five of them contained a prize of $1,000, two of them were worth $2,500 and the remaining two were $5,000 each for $20,000 in total bounty prizes. Nonetheless, the trip to Las Vegas has been a very successful one, and more things can be expected from the Taiwanese poker pro in the weeks to come.