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  • $1 Million WSOP Even Has 22 Players Confirmed

    Thursday, December 8th, 2011 by Ryan

The chatter about the $1 million buy-in World Series of Poker event has been heating up over the past few months, and while it seemed quite incredible to imagine the size of the prize pool that would be brought on for this; the tournament already has a solid 22 players confirmed. This event will be featured at the 2012 World Series of Poker, and will be a real bracelet event as well as a charity event. The tournament will run over a three day span of July 1st to the 3rd, and will potentially be the largest prize paid out to a winner of a poker tournament ever. The event will be called the “Big One for One Drop”, and could potentially rival the Main Event as the most popular WSOP event.

The idea for this whole event began thanks to the founder of Cirque du Soleil, Guy Laliberte; who is also the Chairman of the organization “One Drop”, which as you can tell, will play big role in the event. This all stemmed from the fact that Laliberte wanted to use a massive platform like the World Series of Poker, which is watched by an incredible number of people each year, to attempt to help the massive problem when it comes to the lack of access to clean water for around a billion people.

How it will work is that of the $1 million buy-in for each player, a ninth of the buy-in will go to One Drop’s organization, which will end up being $111,111, and the rest of the buy-in will go directly into the prize pool. Unlike many other poker tournaments, there is no rake taken from the pool, so this prize pool could get massive. While there are 22 players who have said they’d be playing, the first two to join the cause were Bertrand “ElkY” Grospellier, and Jonathan Duhamel, who both decided they’d be playing at this year’s Main Event November Nine kickoff. Duhamel also stated that he would be giving 5% of his winnings to the One Drop as well.

What’s interesting about the 22 players being registered is that they needed exactly this number in order to have this event be considered an official bracelet event. To top it off, they have decided to create a platinum bracelet for this event specifically, instead of the gold bracelet for other WSOP events. The event will be done a bit differently in a few ways, starting with the fact that 20 percent of the field will make it into the cash, which is 10% more than the standard poker tournament. There will be a cap set on the event at 48 players, and this would make it the largest first place prize for a poker tournament, which was set at $12 million back at the 2006 WSOP Main Event.

You’ll find that when you look at the list of players who have committed to the tournament, that there are quite a few well-known ones, such as Patrik Antonius, Daniel Negreanu, Gus Hansen, Johnny Chan, Tom Dwan, Guy Laliberte, Bobby Baldwin, Phil Ruffin, Andy Beal, Tony G, and Dan Shak. There will also be seats awarded from the Montreal Group, Loto-Quebec satellite, Caesars satellite, and a European satellite.

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