David Einhorn and Talal Shakerchi were the other two players who busted on Day 1 in this freezeout event. Smith shoved all in for 425,000 effective and Ivey, after using four time extension chips, decided on a call, which of course meant he was eliminated from the tournament just a few minutes prior to the end of the session.
The river was a meaningless 7 ♣, and Ivey checked it one last time to the high-stakes crusher. For a second straight time, his bet was called. After the K ♠ on the turn, action checked to Smith again and he bet 180,000 with the straight he'd just hit. On a flop of A ♠ 10 ♣ 2 ♠, following an under the gun check, Smith bet 80,000 with Q ♦ J ♦ and received a call from Ivey, who was holding A ♥ J x. He'd battle throughout the day before Level 8, the final level of the night, where he tangled with Dan Smith in a monster pot.
Ivey started off slowly, losing a decent amount of his 1,000,000-chip stack relatively early in the tournament. The Poker Hall of Famer and WPT ambassador was among the 17 players who registered for the seven-figure tournament, and one of three who couldn't find a bag. It was a slow start and a rough Day 1 in the $1,000,000 buy-in World Poker Tour (WPT) Big One for One Drop for poker legend Phil Ivey, who busted just before the session concluded.