Billy Baxter Wont Back Down

Seven-time bracelet winner Billy Baxter, known for his specific aptitude in 2-7 Triple Draw, is pulling ahead in today's Razz tournament.

Baxter, a true poker legend and one of the remaining members of poker's "old-guard," is not known just for his jolly table presence and fierce competitiveness. He is one of the quintessential ambassadors of poker, having won the landmark case William E. Baxter Jr. vs. the United States, allowing players to declare their poker winnings as earned income, avoiding an upwards of 70% tax on "unearned" income. Baxter was also a friend and backer of poker legend Stu Ungar, having staked Ungar in several events, including his epic WSOP Main Event win in 1997.

Baxter is leading the field with 94,600 chips, nearly 15,000 more than than the rest of the field.