LAS VEGAS (AP)—Cada’s wager paid off Tuesday in a way many players only dream when the 21-year-old from Shelby Township, Mich., Joe Cada became the youngest champion ever at the World Series of Poker in Las Vegas.After winni
ng enough at poker to buy a house and justify playing tournaments in far-off places, Joe Cada bet on gambling instead of college and started playing cards full-time.“It gives me a lot of freedom,” Cada said after winning $8.55 million. “I’m going to absorb it and take it in.”
Then he partied with friends and family in an unrentable suite at the Rio All-Suite Hotel & Casino, a high-roller haven usually reserved for free-spending gamblers and celebrity guests.
“I won a significant amount of money and I had good results over a long period of time,” Cada said. “School and poker kind of interfered with each other and I made the decision.”
Cada told the AP that his decision to leave community college and play poker full-time instead was a logical one. Cada had won $500,000 playing poker before he entered the main event, helped by backers who paid his $10,000 entry fee in exchange for a 50 percent cut of his winnings.
His mother, Ann Cada, drew her son into a big hug after he won the bracelet and thanked a raucous crowd. The dealer at MotorCity Casino Hotel in downtown Detroit said afterward that she was “very elated.”
“We wanted him to get his education. He’s living his dream, and he loves it,” she said. “He’s kept it very levelheaded.”
Cada said he planned to spend a few days celebrating in Sin City before returning to Michigan and starting life as a recognized tournament professional. He had already signed a sponsorship deal with online poker site PokerStars, and he said he planned to learn more poker variations to continue chasing gold bracelets at the World Series of Poker.
In cash games, Cada said he might raise his stakes from $25-$50 blinds to $50-$100 minimum bets. “I’ll probably take it pretty slowly,” he said.
SOURCE: YAHOO NEWS
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Posted on November 10, 2009 at 4:54 PM
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Posted on November 10, 2009 at 8:37 PM