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Poker player loses $1 million on worst bet ever

High-risk, high reward, that's the way things go in poker and there is no bigger risk than going all-in on a whopping $1 million dollar bet.

That's exactly what Connor Drinan did in a World Series of Poker event in Las Vegas overnight and unfortunately, he lost it all.

The winner of the hand, Cary Katz raised pre-flop, a move which prompted Drinan to go all-in, creating a pot of around $10 million in chips. Katz called, and they both revealed their matching pocket aces. The only way for either of them to win was on a flush and there was just a two percent chance of that occurring.

The wild move had the commentators pulling no punches as one described the loss as “the worst beat in the history of tournament poker.”

Only adding to the drama, right before the flop, Katz warned the 25-year-old, “Save your money kid, you can’t win every pot.”

The high-stakes event aptly named "The Big One for One Drop" requires a $1 million buy-in to even play, with 42 contestants vying for a grand prize of $15 million. Drinan was knocked out of the tournament in 18th place and walked away with no prize-money, whilst Katz finished in eighth, winning $1.3 million.