Sunday, July 10, 2011

World Series of Poker's Top Prize is $8,711,956 - Do You Feel Lucky?

The World Series of Poker (WSOP) announced today that the grand prize for winning this year's no-limit, Texas hold-em  tournament was going to above $8 million this year. $8, 711,956 to be exact.

It's the third largest field ever for this annual tournament, at 6,865 players.  Entry into the tournament cost each player $10,000.

There was speculation that the number of entrants might be significantly down this year, due to the crackdown by the federal government on online poker sites earlier in the year.  Many players not only had their bank account seized because of their monetary investment in sites like PokerStars, Absolute Poker, and Full Tilt, but those sites were also an entryway into gaining access to the WSOP.

A World Poker tour commentator, Mike Sexton, said many players were expecting far below 6,000 entries:
"Most guys I know were betting over 5200, 5400, 5600, or betting under that number. Those were hte over and under number in the games that I played in that everybody was expecting for the main event," Sexton told the AP. "It's certainly surpassed that and all the guys that have bet over have won."
The overall prize pool for this year's tournament is $64,531,000.  The top 693 players will each receive a payout of at least $19,000.

For those who make the final nine (called the November 9), the payout will be a minimum of $700,000 with the top eight finishes being guaranteed a seven-figure payout.

WSOP starts Thursday and will be shown on WSOP.com, streaming live throughout the event.  ESPN will also offer delayed coverage on its network running from July 14-19.

2010 WSOP Champion Jonathan Duhamel

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