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Daniel Negreanu and GGPokerJan 1
Entertainment

FINAL TABLE with MILLIONS at STAKE! - 2026 WSOP VLOG Day 38

34 min video5 key momentsWatch original
TL;DR

Daniel Negreanu runs deep in WSOP's $100K PLO with 5 players left, navigating a grueling bubble and coolers to build a 12.6M stack.

Key Insights

1

Position matters more than chipsDaniel holds 11.45 million chips with six players remaining in a $100,000 PLO tournament where the chip leader (Archer Martirosian) has roughly 14 million — positioning matters more than stack size because position in PLO creates an almost unfair advantage for the button player.

2

Late reg should start at big blindLate registration in tournaments creates unfair entry advantages; Daniel advocates forcing new players to start at the big blind rather than letting them pick their position, eliminating the privilege problem entirely.

3

Correct play even when drawing deadIn a hand against Chidwick where Daniel had 10-10-8-5 with hearts and flopped nine-deuce-three, he got it in drawing dead but made the correct play structurally — he could rep sets of deuces and threes, and had outs on future streets.

4

Folding strong hand saved millionsDaniel successfully avoided a disaster hand against Jonathan Deppo by flatting K-10-9 suited instead of three-betting out of position, dodging Deppo's trip aces on an A-J-3 flop — passive play saved him millions.

5

Trap check-raise won big potIn the final hand of the day, Daniel limped under the gun with A-K and checked back the flop (K-J-4 with two hearts, one club) when facing two opponents, then check-raised Archer's 1.3 million turn bet to 2.8 million, successfully punishing a small flush draw and gut shot.

6

Seven cashes in 13 bulletsDaniel cashed seven tournaments out of 13 attempted bullets in this PLO series, including the $100K main event, proving consistent results over volume despite a brutal bubble period that took hours to resolve.

Deep Dive

Morning prep and late registration debate

Daniel wakes at 10:45 a.m. after two solid nights of sleep and has an interview scheduled over Riverside at 11 a.m., which he despises for its browser incompatibility issues. After venting about the software, he pivots to discussing late registration strategy. He conducted a poll showing overwhelming support for his view that late registrants should start at the big blind instead of getting to choose their seat position. His reasoning is simple: late reg is already a privilege for showing up whenever you want, so there's no need to give them a second advantage by letting them wait for a good position. The current system creates unfairness where some new players can position themselves behind the button while others can't, leading to discomfort at the table. Daniel wants to eliminate the possibility entirely — new players come in, big blind happens in three hands, they wait. He sees this as clean, simple, and fair.

Table reads and early tournament dynamics

With two hours of late registration still open and 19 players having registered by morning, Daniel reviews his starting table. He identifies Santos Saunau as the opponent who kills his mojo most effectively due to unpredictable Santosh poker that doesn't follow theoretical norms, contrasting him with Dylan Weisman and Chris Frank who play theoretically sound PLO. Daniel expects the field to grow to around 80 by tournament close because a $100K buy-in attracts late-registering Europeans in waves. He's focused and ready to adjust to table composition as cards are re-dealt. The tournament atmosphere is casual yet intense — he jokes about the competition being a zoo with animals and aliens, maintaining levity while acknowledging the high stakes. By late afternoon, the field collapses to 42 remaining after combining registrations, and Daniel notes the bubble will likely be brutal and lengthy.

Key hand analysis: coolers, bluffs, and escaped traps

Daniel walks through several significant hands that shaped his chip stack. Against a Texas player with queen-jack-jack-eight, Daniel had ace-queen-10-9 with nut spades and faced a 1.2 million river bet on a six after catching queens and nines — he folded correctly because the opponent's bluff was uncallable. In a hand against Philip Sternheim, Daniel semi-bluffed a pot-sized bet on the turn with a straight and overcards, successfully folding out a flopped set because he was terrified of nearly every river card. Against Arthur Lichtenstein, Daniel bet 325,000 into 500,000 on the river with a diamond flush, sizing believably to represent a range of flushes rather than just the nut flush, and Arthur called with jack-10-3 of diamonds, a blocker hand that helped his decision-making. Most crucially, Daniel got it all in drawing dead against Chidwick with 10-10-8-5 of hearts on nine-deuce-three but made the structurally correct play because he could rep sets of deuces and threes, and he avoided a huge double against Jonathan Deppo by flatting king-10-9 and folding to trip aces on the flop — discipline saved him millions.

Final table bubble and entry into the money

The bubble phase proves agonizing, lasting hours as the field whittles from 16 to 14 to eventually 13 (the money bubble). Chip leader Archer Martirosian sits across from Daniel with roughly 14 million to Daniel's 11.45 million, and position becomes paramount — Daniel notes that having Archer on his left would be worst-case scenario while having him on the right is best-case, given how PLO position advantage compounds. With six players remaining and 5.7 million in average chips, Daniel is second in chips and focused on avoiding reckless play before reaching the final table. The tournament dynamic shifts when they combine from two six-handed tables to one, and Daniel emphasizes that most of his and Archer's 22+ million represents nearly half the remaining chips in play, meaning every decision against each other carries immense weight. Daniel makes a notable strategic pivot, moving from pure pot-sized opens to mixing in some 2.5x raises depending on position, a tactical adjustment he keeps vague on camera to avoid tipping off opponents who watch the vlog. He avoids playing big pots when drawing dead, folding top pair in an awkward spot against the Japanese gentleman on the button, preserving chips for deeper play.

Final day momentum and winning hand

As five players remain heading into the final hours, Daniel had dipped to around 9 million after getting coolered roughly three times but managed the damage carefully through position and hand management. On the very last hand of Day 38, he limps under the gun with ace-king (not disclosing his other two cards, claiming they matter for how he plays everything), and Archer pot-raises from the small blind while the big blind calls. The flop comes king-jack-four with two hearts and one club, and Daniel has the ace-king of clubs. After the first two players check to him, Daniel checks back rather than bet, reasoning that king-jack is heavily connected to Archer's pre-flop raising range (aces, strong hands) and his own side cards aren't helpful. The turn brings another king, giving Daniel ace-king-king, and Archer bets 1.3 million. Daniel then makes it 2.8 million, aiming to put Archer in an awkward spot and either win immediately or get him off draws. Archer tanks for a long time before folding what he claims was a small flush draw with a gut shot. The win brings Daniel's total back to healthy territory, and he heads to Day 39 knowing he's weathered a brutal fight but positioned competitively alongside Archer as the two biggest stacks remaining.

Takeaways

  • Trap out of position against strong aggro players instead of check-raising when you miss the flop—let them apply pressure into bad runouts.
  • When deep-stacked and near the bubble, avoid bloating pots with marginal aces out of position against competent opponents who will extract value.
  • Track which opponents kill your edge most—Negreanu identifies Santos as unpredictably unorthodox, more tilting than theoretically sound players.

Key moments

4:25Starting table reads

Santo, man. He's in there slapping around, splashing around. You know, a lot of unpredictability with how he's going to play hands, not like a traditional PLO player.

10:24Cooler against Arthur

I have three spades in my hand. Flop is queen 95 with two spades. Pretty good spot. He had queen jack jack eight. He bluffed it.

21:56In the money bubble burst

Oh yeah, bubble burst. Unlucky. He busted.

26:22Final table positioning

Me and Arthur have half the chips in play. Seven left. But it's a deep tournament. Lots of play remains.

32:24Last hand of the night

I had ace king. The turn is a king. So I have ace king now. Archer bets 1.3 million. I make it 2.8 thinking I have the best hand a lot.

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