In his blog at Hendon Mob, Joe Beevers has some interesting info about a big bet made between Phil Ivey and Howard Lederer. As heard from Mike Sexton at a WSOP table, Ivey is betting $5 million that he will win at least two bracelets in the next three years.

The rules of the bet state that if one of the bracelets comes in the WSOP Europe, the bet will be void.

"Which side do you like?" Beevers asks and mentions that the general price for Ivey to win a bracelet in any WSOP series is around 11/4 (or 3.75 if you're more familiar with decimal odds).

Reportedly, Ted Forrest commented the bet, "I like Howard's side but Phil will still win the bet."

In the entry Beevers also talks about Mike Sexton's side bets in the WSOP, read the whole entry here.