Negreanu and Ivey With Public Offering of WSOP Bracelet Bet

In the past few years bracelet betting has been a multi-million dollar business and a favorite forum and poker media topic. Barry Carter recently published an overview of the top 5 greatest WSOP bracelet bets and traced the bracelet-bet boom back to 2007, when @Eli Elezra made and won a series of six-figure bets with top players such as @Doyle Brunson  @Barry Greenstein @Gus Hansen and others, against their winning a bracelet.

In 2010, @Tom Dwan was at the center of one of the most memorable moments in WSOP history as he stood to win millions in side bracelet bets (as much as $9-12 millions by various estimates) and got as far as heads-up play against @Simon Watt  in a $1,500 NL event; all eyes were on this final and high-stakes celebrities (most of the community had bet against Dwan) were getting up from their tables in simultaneous events to follow the action:

Top Ten Stories of 2010: #6, Dwan Almost Bankrupts Poker's Elite 

The man rumored to have won millions from bracelet bets is - unsurprisingly - @Phil Ivey, though the actual amounts remain mostly unconfirmed. Yet, with all the media buzz and excitement over alleged seven-figure bets, until recently the entire practice seemed largely confined within the high-stakes community itself.

A new trend seemed to emerge last year as @Jason Mercier took #WSOPBracelet betting to the general market with the following tweet:

This year, the ‘public offering’ of bracelet bets was taken a step further by @Daniel Negreanu and Phil Ivey:

I for one will take @Lee Davy's advice (WSOP BRACELET BETTING: DANIEL NEGREANU AND PHIL IVEY RELEASE THEIR OFFER) and decline this particular proposition from two of the most decorated players in poker but there are many forum posters who seem tempted.

Would YOU risk $5k out of your poker bankroll on this bet?..