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Canadian poker player among finalists in high-stakes tournament in Britain


 

A Canadian investment banker who stumbled into a high-stakes Texas Holdem poker game on the Internet plays in the final of the British-sponsored event on Friday for a top prize of $300,000 US.

Nicholas Barbu, 47, of Waterloo, Ont., isn't a novice at high-stakes poker, but he didn't know a tournament he entered on the web could lead to the final of Ladbrokes Poker Million 2004.

The contest started out with about 300 online players, but it wasn't until later when just 30 players were left that he realized what was riding on the game.

"As time went on, I started inquiring what it was all about between hands and what have you, and then I thought, I'd better start taking this a little more serious," he said in an interview.

Barbu started out with about a $200 Cdn stake in the online game. So far, he has won $25,000 US - equivalent to about $33,000 Cdn - in two rounds of qualifying to get to the final.

The winner of Friday's game wins $300,000 US, but nobody walks away empty-handed. Even the last-place finisher at the six-man event is guaranteed prize money of $10,000 US.

The money isn't what's driving Barbu, however.

"I play a lot of high-stakes cash games, so it wasn't for the money," he said. "I think the most exciting thing is the challenge of playing . . . with some of the well-known poker players in the world."

Barbu plays Texas Holdem games in Las Vegas where the minimum stake is $1,000 US and plays online against the best players available.

He is one of three Internet qualifiers who have made it to the final, which includes two professional players, Dave Ulliott of England and Donnacha O'Dea of Ireland.

Barbu, who is married with two children, began playing poker in the early 1980s and since then has become a student of the game, playing in his spare time.

"It's like a lot of people in life, whether they are playing golf or some kind of a hobby, they want to try and perfect it and that's what I've tried to do, in terms of learn a lot about the game, the theory of the game," he said.

Although it might appear to be an expensive hobby, Barbu figures over the years he has won more than he has lost.

"I think I'm a winning player, absolutely," he added.

The Poker Million is a live event on Sky Sports in Britain, and later this year a Canadian television network is scheduled to broadcast Barbu's matches, including the final.

Jesse May, a television commentator on Texas Holdem poker, said patience has been Barbu's strength in getting to the final.

"Barbu stayed out of trouble while keeping his head above water. He let the others bash heads and then moved in for the kill and feasted on the remains," he said in a news release promoting the final.

Television poker has gained popularity in recent years and has begun attracting A-list celebrities to the game.

Actor Ben Affleck recently won $356,400 US at a Texas Holdem tournament, overcoming a field of 90 players to capture the Commerce Casino's California State Poker Championship.

The Poker Million is one of a number of made-for-TV events that are sponsored by bookmakers like Ladbrokes and casinos.

Also in Friday's game is Zac Goldsmith, editor of the Ecologist magazine who is the son of British billionaire Sir James Goldsmith, and the two other Internet qualifiers, a professional gambler from England and a student from Sweden.

But no matter what the outcome, Barbu said the idea of playing poker for a living isn't something he would contemplate.

"It's always going to be a hobby," he said. "I've got a pretty good career."

 

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