Every so often I receive questions from people who watch poker on TV. One common question goes something like this:
"When it gets to the final two players, I don't understand why players push all-in with a lot of hands even though they have so many chips in front of them. Why be so reckless and risk everything?"
Image via Wikipedia
If you notice that the remaining two players start playing all-in on almost every hand, there is a very good reason. They have agreed to chop the purse since the difference between first and second is hundreds of thousands of dollars.
I know in the past the WPT has allowed deal-making, and they probably allow it now. I don't know if the WSOP allows deal-making although I don't know how they can really stop it.
(I've been told that chopping the purse used to be very common in golf.)
If you know more about chopping at these major events, please let me know. I haven't been in that situation...yet=)