Gus Hansen reaches $20 million in losses on Full Tilt Poker, Ivey wins $850,000

Last week we reported that Phil Ivey has lost $5 million at Full Tilt Poker since the room's relaunch, and that Patrik Antonius has taken him over in the online cash game winners list. Ivey now bounced back with a $850,000 win, while Gus Hansen reached $20 million in losses at the Full Tilt Poker tables.

Ivey started playing against Dan "jungleman12" Cates at the $2,000/$4,000 2-7 Triple Draw tables, and won $300,000. The next day Ivey won $165,000 from Gus Hansen and $200,000 from SanIker. Then he went to the 8-game tables and also won from Alexander "PostflopAction" Kostritsyn, Patrik Antonius and Chun Lei "samrostan" Zhou. (By the way, Full Tilt Poker's Game of the Week is 10-game mix, so if you want to jump into the mixed-game action yourself, now is the time).

Gus Hansen lost $635,549 last week, and has surpassed the $20 million mark in losses. More than $5.2 million of this comes from this year. His fall started in May 2009, at this point he was up $1.5 million on Full Tilt, but by the end of the year he has lost almost $7 million.

There is only one player who has lost more than Hansen, Guy Laliberté has lost around $31 million across 6 accounts, but Laliberté's net worth is estimated to be $2.6 billion, and while there are rumours that Hansen is much wealthier then the public thinks, it's hard to imagine that he could possibly lose $20 million and not worry about it like Laliberté does.

At this point, no one really knows how long the Great Dane can or will keep going, but if he loses the Heads-up Showdow [3]n against his fellow Team Pro Isildur1, he has to play 1,000 hands of micro-stakes Razz, so he might have to drop down in stakes soon regardless of his financial status.