2012 WSOP To Hold Million Dollar Buy-In Event

The 2012 WSOP $1M buy-in event is basically the Ashley Ann Vickers of poker tournaments.

We’re all about big buy-in, high stakes tournaments with ridiculous prize pools. It’s why we liked the ONYX Cup so much. These types of events are like girls with ridiculously huge boobs: they’re eye-popping and you can’t take your eyes off of them.

So naturally, we love the $1M buy-in event announcement yesterday for the 2012 WSOP.

The event will take place July 1st, 2012 and will benefit the ONE DROP charity. So far, 15 people have committed, including:

Guy Laliberté, Bobby Baldwin, Treasure Island owner Phil Ruffin, Patrik Antonius, Gus Hansen, Daniel Negreanu, Johnny Chan, Tom Dwan and Tony Guoga, and Andy Beal.

Johnny Chan? Has a million dollars?

A total of 11.1% of the buy-in will be donated to ONE DROP, leaving math math math $889,889 for the prize pool. A total of 20% of the entrants will get paid, so if 20 players enter, 4 cash.

We spoke with WSOP VP Ty Stewart after the announcement, who mentioned that if they can secure just 12 more players (27 total), the event will exceed the record score Jamie Gold nabbed at the 2006 WSOP Main Event.

Read more about the $1M buy-in event here. More of this Ashley Ann Vickers girl in the thumbs.

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One Response

  1. GregDude

    June 4, 2011 1:38 am, Reply

    I may be mistaken, but isn’t there a Nevada Law that stays all prize money must be paid out for a charity poker tournament? This is why the Ante Up for Africa organizers have had to harass players in the past to get them to donate their winnings.

    If all the prize money must be paid out, then how can the WSOP donate 11.1% of the prizepool?

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