Chicago, Illinois – The Midway Poker Tour made headlines last week by hosting a poker tournament which paid players out in silver. We swear we’re not kidding. Oh, pics or gtfo you say?

In case you missed the insane reason why top prizes had to be hauled out in a wheelbarrow, Illinois has a law which prevents payouts of over $1600. So of course, the Midway Poker Tour figured Illinois would be a great place to host an $1100 buy-in event.

To circumvent the law on cash payouts, the tour’s plan was to purchase over $200,000 worth of silver from a dude that tournament organizers met in a parking lot behind a 7-11 one night. The tour bought the silver at a retail price of about 45% higher than the silver was actually worth, and the man in the parking lot said he would come purchase it all back from them later on at the higher value.

Sounds like a great idea, right?


Anyway, we’ll cut to the chase because a child’s intuition of what might happen next is what did happen next – the silver guy simply didn’t show up. And the event was stuck with Todd Brunson’s weight in silver, valued at way less than what players were owed in payouts.

Players to be made whole with gold, frankincense, and myrrh

The tournament organizers may have been more incompetent than malicious… although an angry post at TwoPlusTwo written IN ALL CAPS by someone claiming to be the mother of tour founder Dan Bekavac’s child alleges he’s a scam artist.

Our team of investigative journalists reached out to Bekavac to ask how he plans to right the situation:

“The state of Illinois makes it impossible to give everyone cash I don’t have, and in my view the silver thing was actually a great idea that we simply screwed up the execution on. To not let such a great idea go to waste, we’ll be issuing additional payments in the form of gold, frankincense, and myrrh.”

We had to ask the obvious follow-up: does the tour have the money to make that happen?

“Yeah it should be fine, we just need to find somebody who will sell us $60,000 worth of gold, frankincense, and myrrh for like $35,000. That can’t be too hard, though – I mean, we were able to buy about $150,000 worth of silver for $208,000 – there are obviously market inefficiencies all the time.”

To add insult to injury, the tournament was technically a charity event to help 4 K.I.D.S. Sake, a charity that helps children in a wide variety of difficult situations. If you feel that the charity deserved to earn more than a pair of silver earrings and an I.O.U., you can email to donate clothing, toys, decorations, household items, electronics, or other items.

On a related topic, is anyone reading this looking to buy some silver?

ALSO READ: Galfond Investigation Concludes “Mike Postle Is The Greatest Player Of All-Time”


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