Mike Shariati Climbs From Low Stakes to Win WPT Player of the Year

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Mike Shariati has gone from low-stakes grinder to WPT Player of the Year. (Joe Giron/WPT photo)

This time last year, Mike Shariati was just another poker player dreaming of a big break while grinding away in the low-stakes dailies at the Commerce or the Bike or Hawaiian Gardens in Los Angeles.

On Wednesday, as the World Poker Tour season was winding down, 42-year-old Shariati locked up WPT Player of the Year honors after the last player with a shot at catching him, Cate Hall, busted the Seminole Hard Rock Poker Showdown in ninth place.

Along with having his name run alongside previous winners like JC Tran, Betrand Grospellier and Daniel Negreanu, Shariati also gets a prize package that includes a one-of-a-kind Hublot watch, hotel accommodation and ground transportation for all WPT main tour stops and a trophy.

Shariati’s amazing run from low-stakes grinder to POY started with a win in the $130 buy-in Mega Millions at the Bicycle Casino worth a whopping $275,000.

“Last year, the Mega Millions at the Bike, it was over 4,500 players. It took a whole ten days and I made the final table,” said Shariati. “I was down 6-1 heads-up, I came back and won it and that gave me good confidence.”

It wasn’t a WPT event, but it gave Shariati with a bankroll and the belief that he could play. From there, he won a WSOP Main Event satellite and headed to Las Vegas. He didn’t cash, but in true grinder fashion, he found himself in a Daily Deepstack at the Rio that he found a small score in.

That would be the last of his small scores for a while.

In August, Shariati played a satellite at the Bike for the WPT Legends of Poker and won his way into the $3,700 buy-in event. His run good continued as he outlasted 785 other players and beat Freddy Deeb heads-up to win the event and $675,942 first place prize money.

Rather than jump onto a plane and start playing more big buy-in events around the country, Shariati went right back to playing the dailies. His next cash came in a $130 buy-in event and earned him $250. He cashed six more times over the next four months leading up to the WPT L.A. Poker Classic, but Shariati wasn’t ready to put up that $10,000 buy-in himself.

“The same day (LAPC) started, they had this satellite, the last satellite. The (LAPC Main Event) started at 12 o’clock and the satellite started at 5 o’clock. So I played the last satellite,” said Shariati. “So at 12:30 that night I got qualified. I entered the LAPC on Day 2 with 30,000 – lower than average – and I got down to two chips – a 1,000 and a 5,000 – at the end of the second day and came back and finished second.”

That runner-up finish earned him $656,540 and put him into the lead for WPT POY. There were still a few events left on the schedule and although his lead was anything but safe, Shariati held off all comers thanks to a 21st place finish in the Seminole Hard Rock Poker Showdown to wrap up the POY award on the second-to-last day of the WPT season.

“A few people were on my heels for the Player of the Year, so I was fortunate enough to finish up as Player of the Year,” said Shariati, who didn’t call himself a professional poker player until recently.

“I’m a biochemist. I also invented a medical device that I’m putting a lot of time into, to patent it. So probably 6-7 months into it. So hopefully that works out, that would be great,” said Shariati. “I’m getting my partner more involved so I can travel more (to play).”

Shariati wants to take his shot as a poker pro now and still find time to run his business. He knows that finding a repeat of this season is a near impossibility, but he just wants to enjoy the ride.

“I don’t think I can ever have the same year, but I’m grateful,” said Shariati.

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