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Joseph "Joe" Cada (b. November 18, 1987) is a poker player from Shelby Charter Township, Michiganmarker, best known as the winner of the Main Event at the 2009 World Series of Poker (WSOP). By winning the Main Event at the age of 21, Cada surpassed Peter Eastgate as the youngest champion ever. Cada had two previous WSOP cashes, both in 2009. He is primarily an online poker player, with more than $500,000 in online tournament winnings at present. As of 2009, his total live tournament winnings exceed $8,550,000.

Career

Cada started playing online poker at about the age of 16. He twice staked accounts, but lost all the money in the accounts that he shared with his brother Jerome. His first online account was with PartyPokermarker. Although he was not legally able to play in casinos prior to age 21 in the United States, he could in Canada at age 19 and play online. After a brief sabbatical from the game subsequent to losing his money, he began to play at a casino in across the Canadian border. He earned enough to enter contests in the Bahamas and Costa Rica. He is now a regular player who plays approximately 2,000 hands per day online at PokerStars under the User ID jcada99. Cada had been a professional poker player for six years at the time of his world championship. Between 2008 and the November Nine, Cada had earned $551,788 online. Prior to the tournament, he had a $150,000 downswing that necessitated him finding a financial backer for the WSOP. Professional poker financiers Eric Haber and Cliff Josephy paid his online fee in exchange for half of his winnings.

2009 World Series of Poker

At the 2009 World Series of Poker he had three in the money finishes (all in No limit Texas hold 'em): 64th in the 1,088-entrant June 5 — 7 Event 13, $2,500 No Limit Hold'em, which earned him $6,681; 17th in the 2,095-entrant June 16 — 18 Event 35, $1,500 No Limit Hold'em, which earned him $21,533; and 1st in the 6,494-entrant July 3 — 15, November 7 and November 9 Event 57 $10,000 World Championship No Limit Hold'em, which earned him $8,546,435.

In the main event, Cada began the final table with the fifth largest chipstack. In the 122nd final table hand Cada's stack was reduced to 2,275,000 – enough for only four big blind and about 1.2% of the combined total stack at play – due to calling Jeff Shulman's "all in" pre-flop with against . No community cards hit either player, and Shulman was rewarded by his better high card. However, Cada eventually climbed back to 120.1 million before the last hand of the heads-up with Darvin Moon. His winning hand was , which he got all-in pre-flop against Moon's . The board ran . This hand was the 88th hand of heads-up play between Cada and Moon.

These three events account for his total cumulative career live event earnings of over $8.5 million. With the November 2009 victory, which occurred just over a week before his 22nd birthday, Cada supplanted Peter Eastgate, who won at age 22, as the youngest World Series of Poker Main Event champion. He was 340 days younger than Eastgate had been at the time of becoming world champion. Prior to his victory, Cada earned a $1 million contract with PokerStars that pays for all his hotels, travels, and some of his buy-ins.

Personal

Anne Cada, Joe's mother, is a blackjack card dealer at the MotorCity Casinomarker. Cada has an older brother, Jerome. Cada's father, Jerry, was affected by the late-2000s recession when his automobile industry job was eliminated in a layoff. During the 2009 World Series of Poker's November Nine, dozens of Cada's fans wore t-shirts with Michigan Wolverines team colors (maize and blue) with the words, "PokerStars Michigan Joe Cada 'The Kid'" emblazoned across the front and Michigan baseball caps with "The Kid" on the back. In an interview in Time, Cada estimates he had about 100 friends in his cheering section. On Sundays, Cada hosts about fifteen friends to play online at his house.

In the Time interview, Cada expressed his thoughts on legislation related to the legality of gambling: "I support the right to play poker online. Poker isn't gambling. It's a hobby, an activity, a game. It's not about luck — it's about logic, decision-making, math. We all should be able to play poker on the Web if we want to, and I believe that making it illegal strips us of our rights. This is an important issue, and hopefully we'll see it resolved soon." Cada also plays indoor soccer. He is considering purchasing a second home in and possibly opening a bar.

Notes

  1. Pocketfives.com: Joseph Cada profile


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