Phil Hellmuth Not In Big One for One Drop Tournament YetThursday, May 24th, 2012 by Ryan
The Big One for One Drop poker tournament at the 2012 World Series of Poker is one of the most anticipated tournaments ever, and it’s for a good reason. The tournament has a $1 million buy-in, which will feature a max number of 48 entries and some of the best players in the entire world participating in it. The idea behind the tournament is that $111,111 of each player’s buy-in will go to the charity One Drop, which helps supply fresh water to locations all across the world. While we have some incredibly big names in the tournament already (more on this below), one player who surprisingly hasn’t registered yet is the well-known Phil Hellmuth. Don’t stress though, because the Poker Brat has said that he’s about 80% that he will be participating. If he wants in, he better act soon as there have already been around 40 spots filled out of the 48.
As far as the $1 million buy-in goes, it seems that Hellmuth has gotten quite a bit of interest from different backers to pay for a part of the tournament for him, which could be a big reason for him to get into the event. Apparently (according to Hellmuth himself), there have been two different people that have offered to put up $250k of the entry free, and a third person who has offered up an additional $50k of the buy-in. This would cut the buy-in for Hellmuth by more than a half, making it a much more reasonable buy-in for any player, and probably a selling point for Hellmuth as well.
Obviously a huge drawing point for this tournament is that the eventual winner will be taking down the largest first place prize in the history of poker, which will be right around $15 million, topping the record that Jamie Gold set when he won the World Series of Poker Main Event. In total though, this prize pool will be the largest ever as well, with a massive pool that will pay out anyone who cashes a pretty good sum of money back.
A few of the players that you can expect to see in the event will include Guy Laliberte, Andy Beal, Phil Ruffin, Erik Seidel, Patrik Antonius, Daniel Negreanu, Gus Hansen, Tom Dwan, Johnny Chan, Tony Guoga, Jonathan Duhamel, Daniel Shak, Bertrand “ElkY” Grospellier, Justin Smith, Andrew Robl, and Sam Trickett just to name a few. Obviously there will be a ton of pros, but there are also quite a few businessmen buying into the field, which could leave players taking a look at the possible EV for the tournament, and could see this number of entries end up getting to 48 pretty quickly. Another player who has said that they will participate if they get enough backing is two-time World Poker Tour Champ Jonathan Little.
This tournament will run over a three day span and will give the eventual winner not only the massive pay day, but will also give out a Platinum World Series of Poker bracelet, something that has never been awarded before. It’s likely that there will never be another bracelet like this, nor prize pool in the history of poker.