Squid games: Sam Grafton scoops $5.5 million in $200K Coin Rivet Invitational

Sam Grafton wins the $200k Coin Rivet International for $5.5m
Howard Swains
Howard Swains
Posted on: September 13, 2022 02:06 PDT

The age-old problem for people who are very good at poker is finding folk to play them — and, by unvoiced understanding, to lose to them. At the same time, there exists in the modern game a clutch of high-rolling recreational players, similarly enamoured by poker, but whose real skills lie typically in the finance and business world. They want to play for only the very highest stakes, where what they give up in skill, they haul back in financial clout. They also know that in tournament poker, every dog can have its day.

For the past six years or so, the Triton Super High Roller Series, founded by the Malaysian poker enthusiasts Paul Phua and Richard Yong, has made an unqualified success of bringing together these two halves of the high-stakes poker community. The world’s poker elite has crossed swords with high-rolling businesspeople in more than 75 tournaments since 2016, all with eye-watering buy-ins and multi-million-dollar prize pools. 

The Triton Series has this month landed in Northern Cyprus, where the centrepiece of a 14-tournament festival took the essence of Triton’s success and placed it centre stage. The Coin Rivet Invitational demanded a $200K buy-in from all players, but its unique selling point was that it hung a velvet rope across the door to its poker room and placed strict conditions on entry.

Pros by invitation only

Organisers extended an invitation to its long mailing list of recreational poker players, all of whom would then be permitted to invite one poker pro to play the event as well. It guaranteed a field with a precise 50/50 split between businesspeople and professionals, and for the first day of the three-day event, the pros would play only against one another, while the VIPs played only against others in that side of the draw.