Steven Begleiter - Poker Player Profile
Steven Begleiter won’t be quitting his day job anytime soon. But after making the final table of the 2009 World Series of Poker Main Event, he’ll have some extra spending money to take back to his home in Chappaqua, NY.
Begleiter is a Senior Principal at investment firm Flexpoint Ford in New York City. Prior to joining Flexpoint Ford, he was a Senior Managing Director at Bear Stearns & Co. where he was a member of the firm’s Management and Compensation Committee. Begleiter puts a good amount of time into his career, but in his down time he enjoys playing poker with friends at a local home game, which is precisely where he earned his seat into the Main Event. Begleiter won a poker league to pay for his $10,000 seat and a percentage of his winning will be divided between the players in that game once the tournament is completed on November 10th.
He’s described his run in the Main Event to many media outlets as “dancing between raindrops in the middle of a minefield.” Begleiter survived through a field of 6,494 to earn his seat as a member of the November Nine, which guarantees him a minimum payout of $1,263,602. He’ll enter the final table third in chips with 29,885,000 and, despite never cashing in a WSOP event before, he says he has a great shot at winning his first WSOP gold bracelet and prize of $8,546,435.
When it’s all said and done, Begleiter might best be remembered for his strident cheering section that proudly stood behind him during the final two days of the Main Event in July. A loud cry of “Begs, Begs, Begs” could be heard throughout the Amazon Room whenever he won a pot, none more deafening than when he got his last 5 million chips in against Tommy Vedes near the end of Day 7. Begleiter’s A-Q was well behind the pocket kings of Vedes, but an Ace on the turn gave Steven the lead and a Queen on the river gave him two pair to seal the victory and help him advance to the next day.
Begleiter is quick to admit that’s he’s been fortunate many times during the Main Event. But he’s content with the way he played so far and is looking forward to competing against the other eight members for the ultimate title of World Champion that will stick for eternity.
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Poker jargon:
- UNDER THE GUN - The position that has to act first in a round of betting.
- CALLER - One who calls. Sometimes used collectively, as in "3 callers".
- LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
- SEVENTH STREET - The seventh card dealt in 7-card stud.
- SHILL - A card room employee who plays with House money, and does not share in any of his (her) winnings or losses. Shills are used to facilitate starting games, and keeping them going. Compare: PROP.
- HIT - To make a hand or catch a card or cards that improves one's hand. "I hit a gut-shot draw on the river."
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