WSOP is the pinnacle of poker, the event at which every participant aspires to shine. Greats like Negreanu, Hellmuth, and Ivey visit the Rio Casino’s annual poker festival every year in hopes of adding more bracelets to their already remarkable collection.
In this article, we’ll get to learn more about the World Series of Poker, its humble beginnings, and everything else you need to know about this popular poker tournament.
The rich history of the world’s biggest poker tournament
Despite the fact that the World Series of Poker was first held in 1970, the Horseshoe’s yearly event had been in the works for more than two decades before that.
Nick Dandolos (also known as “Nick the Greek”) sought Benny Binion in the summer of 1949 with a unique request: to challenge the greatest in a high roller poker marathon, according to legend.
With the requirement that the game be played in front of the general public, Binion agreed to create a game between the renowned player Johnny Moss and Dandolos. Throughout the
five-month marathon, the two guys started playing each poker variation possible, with only a few breaks for sleep.
Binion sought to re-create this thrill by staging the “World Series of Poker” in 1970 to determine who was truly deserving of being called the “World Champion” at the time. Among the country’s greatest players were gathered, and Johnny Moss triumphed.
The very next year, the winner was decided through a freezeout competition, in which participants were removed one by one until only one remained with all of the chips. This time around, Moss was crowned World Champion.
When Benny Binion passed away, he left behind a legacy that ranks the World Series of Poker as the world’s oldest, most prominent, and most mainstream gaming competition. Even more significant, the World Series of Poker has had a profound impact on countless people, allowing them to pursue their aspirations and perhaps achieve greatness in their chosen field.
How it works
All 74 events in the World Series of Poker have distinct buy-ins and poker formats, but they all culminate in the World Series Finals. Most of the events take place in Las Vegas, but some are also streamed at live online casino Singapore sites.
A poker festival, in essence, where everyone’s preferences are taken into account. Players begin each event with an equal quantity of chips in a tournament style. In the end, just one person will be left standing.
Those who win each WSOP event will also receive a prestigious WSOP bracelet as a prize. Getting into the Main Event requires forking over $10,000. In contrast, the lowest buy-in for other tournaments is $400.
There is a $1,000,000 buy-in for the Big One for One Drop event if you are looking for the biggest buy-in. The rebuy option is available in select events, so don’t forget to take advantage of it when you lose.
What makes it the most popular and prestigious poker tournament?
If you’re at least 21 and can pay the buy-in, you can participate in the World Series of Poker. This is one of the best aspects of WSOP.
This is why it’s so exhilarating. Whether the final table is made up of complete amateurs or well-known poker players is all up to chance! You can get into the World Series of Poker by winning one of its many satellite tournaments.
The WSOP bracelets, on the other hand, are a lot more expensive than they appear to be. In most cases, they’re constructed of gold and adorned with priceless gems.
Peter Eastgate (the Main Event champion) auctioned his bracelet for $147,500 online in 2010 and donated the proceeds to UNICEF, although no one knows how much it cost to construct them. Many players, however, do not place a monetary value on their bracelets since they consider them to be priceless.
The WSOP Main Event has a guaranteed prize pool of $1,500,000 for the victor. The Big One for One Drop tournament, which costs $1 million to enter, awards the greatest prize.