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Wednesday, August 02, 2006 

WSOP Insanity!

It's official: the World Series of Poker Main event has begun. The Grandaddy of ALL NLHE tournaments all over the world has kicked-off and the numbers are insane.

The Main Event, a $10,000 buy-in NLHE freezeout tournament, officially registered 8,773 pariticpants, ultimately creating a MONSTER pot of about $87.7 Million Dollars. Day one had to be divided into 4 days where about 2000+ players play down to about 800-900. As of right now, they are on day 2A, which combines TWO day one finishers until about 700 are left.

Several big name Pros have already been eliminated. Gus Hansen, Dutch Boyd, Micheal Mizrachi, Jen Harmann, Doyle Brunson, Phil Hellmuth, and many others were unable to wade through the minefield that is the main event, alive. It's either they got really unlucky like hellmuth who had his JJ run into QQ and KK run into AA, or they just dont want to waste three days of their time and then get busted out of the money eventually. They make more money in the few hours playing in the high stakes cash games than struggling in the tournament.

And now, (drumroll please), the numbers are in; the official payout schedule of the WSOP 2006 main event.

873-820th- $14,597
819-775th- $15,504
774-721st- $16,493
720-667th- $17,730
666-622nd- $19,050

and so on and so forth...

63-55th- $123,699
54-46th- $164,932
45-37th- $247,399
36-28th- $329,865
27-19th- $494,797
18-16th- $659,730
15-13th- $907,128
12-10th- $1,154,527

12-10th place is guaranteed at least $1.1 million! Wow.

9th $1,566,858
8th $1,979,189
7th $2,391,520
6th $2,803,851
5th $3,216,182
4th $3,628,513
3rd $4,123,310
2nd $6,102,499

What a crazy payout huh! $3.2 million for FIFTH place! SIX million for SECOND!
And the craziest part of all...

1st $12,000,000!

Twelve Million Dollars. Twelve Million. The biggest ever prize in the history of sports and gaming. An amount of money that will last a lifetime to the lucky bastard who takes home the prize! Just to give you an idea, $12,000,000 translates to Php 636,000,000. Yep. Over HALF A BILLION pesos.

Can it get any bigger than this? My friend nick and i have had discussions about how POker might be peaking in its popularity and we might start seeing the main event entries reaching a plateau or even declining in the next few years. But then i realized that right now, millions of people are playing online poker with dreams of one day playing in the WSOP main event. Millions of people UNDER 21 are killing the online poker rooms and making six figure incomes. They can't wait to turn 21 and take a shot at the Big prize. I believe now that th pots are only going to get bigger in the next few years, and the peak of poker popularity is yet to be achieved.

When are WE going to represent the country in the WSOP main event?

Isaac busted out on Day 1 with pocket AA...that's when 10 grand hurts the most

Well we really should have representatives to this thing! Maybe a year round event collecting progressives at ACF for an all expense paid trip inclusive of entrance to the WSOP!

Oh and of course the person needs to sign a waiver that he cant buy the entire casino when he wins. =)

the thing that will hurt most is that IF you win it, the US govt will take a big chunk of it for taxes LOL!

ouch for isaac damn that hurts. There's this one guy who busted out on the second hand when he went all-in on the flop of 5s-7s-6c. He had 8s-6s for an open ended flush and straight draw with a pair. Hit nothing. ouch.

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Wow! I don't even know what to do with that much money!!! Maybe play more poker, after the lifestyle upgrade.

About the tax, maybe they'll still get to keep around $10M... still a huge amount of money. Maybe they should hold the game somewhere like Monaco where gambling is tax-free.

How I wish a friend of ours would make it in the money...
How I wish I can win $12M!!!

i read about one of the stupidest things that happened during DAY 1 of the WSOP was when this guy was playing with his MILLER LITE "ALL-IN" Button (a giveaway to every contestant) and accidentally rolled its way to the center of the table. The dealer declared it a binding bet!

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  • The best poker I've ever played has always entailed peace. A relaxed comfort. Eyes open, ears open, radar up. Absorbing my opponent's every message. Taking them as they come. Not mixing what those messages are with what I want them to be. It's like an aerial view. A view from above the myriad luck-dependent reactions of those many people who never gain such a peace. And when you gain that view, that peace - when you'd rather have the truth, no matter how disappointing, over a false hope, no matter how desirable - then you're a player. The hand you're on slips into a stream of thousands of other hands, no one of which, because of your lofty view, seems unduly important, no false fearful emotions rise within you. When you gain the peace of lofty perspective, you're a player, and when you're a player, you're free.- from "King of a Small World" by Rick Benett
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