|Jesse is reporting
on The World Championship which runs 20th - 24th May. Its the last of a month
long series of poker tournaments that are known collectively as the World
Series of Poker. The buy-in, or amount of money each player has to pay to play,
is $10,000. Last year there were 613 players which produced a prizepool of
$6,130,000 and 1st prize of $1,500,000. This year predictions suggest more than
700 but we wait and see.
The game these top players are playing is
Texas Holdem and the
betting rules are defined as No-Limit. This means that when its a players turn
to bet, they may bet anything that they have infront of them. It is also a
freezeout tournament, which means to say that when all of a players chips are
gone, they are out of the event. Until next year.
On each of the five
days, players are slowly knocked out of the tournament and the numbers
gradually reduce. The fourth day will see the final five tables,
45 players, play on until there
are only nine left. These
players will be those that make up the final table to play to a finish on the
fifth and final day. The last person standing will be the new World Champion.
In thirty years three people have successfully defended their world title.
Doyle Brunson '76&'77, Stu Ungar
'80&'81 and Johnny Chan in '87&'88.