by Joseph C. Smith Sr.
A poker tournament with a prize pool totaling $37,333,338. And that's after $111,111 from each of the 42 entrants $1 million buy-in which totals $4,666,662 is set aside for the One Drop Foundation. Arithmetically inclined readers will be quick to note when you add the prize pool and the One Drop donation you get exactly $42 million. So how much goes to the house? None! Harrah's WSOP is not taking any of the money.
This 3 Day event offered plenty of exciting and often humorous moments. Amazing how at this level of poker the players can be so casual about anything considering the amount of money at stake. The top eight finishers received at least $1,306,667 in cash. Even after deducting the original $1 million buy-in some serious money remains.
Day 3 saw the field of 42 cut to just 2 players with chips. A 23-year-old Daniel Colman from Holden, MA faced 5 WSOP bracelet veteran Daniel Negreanu. Going into the heads-up play Colman held the chip lead with 68 and a half million to Negreanu's 57 and a half million. Five hands later Negreanu had the chip lead with 73 and a half million to Colman's 52 and a half million. Nrgreanu continued to stretch his lead and was holding a 2 to 1 advantage then the momentum reversed and quickly colman was ahead.
Negreanu pulled ahead one more time then Colman pulled ahead and continue to pad his lead. He never looked back after that and finally Negreanu shoved his remaining chips into the pot holding Ace-4o and was called and covered by Colman tableing a K-Qo. The flop showed J-A-4 giving Negreanu two pair and the lead and Colman needing a 10 for a straight. The turn was a 10 giving Colman the lead and a straight and leaving Negreanu in desperate need of an Ace or 4. The river was a 7 and Colman was the owner of a very special WSOP bracelet and $15,306.668 in cash. He's also in the poker history book as the winner of the second largest cash prize in a poker tournament.
Daniel Negreanu received $8,288,001 for second.
By Wendeen H. Eolis
Until moments after the 2009 WSOP final table proceedings in the fall, Jeffrey Pollack was the public face of the WSOP. And then, suddenly, he announced his resignation and rushed off to take interviews that controlled the immediate spin on his departure. He said he was ready to survey opportunities in new pastures and pleased to have contributed to the growth of the WSOP brand.
Despite the happy state of affairs effectuated by the Pollack-Stewart collaboration, the collegiality between the two men had begun to wane at least a year earlier. A corporate reorganization of CIE was also afoot. Although Pollack had recommended a strong initiative in the online gaming market, and sought to add this responsibility to his portfolio, Caesars Entertainment CEO Gary Loveman was zooming in on Mitch Garber, the recently departed CEO of Party Gaming, to lead such an effort.
Mitch Garber Steps up to Bat
Pollack’s unveiled opposition to Garber as his potential boss made for an awkward situation once Garber was plainly in line to take the reins of CIE (initially Harrahs Interactive Entertainment), including Pollack's most treasured domain, the WSOP.
In the spring of 2009, Garber became CEO of CIE. With Garber's blessings, Pollack assumed the title of President of CIE, briefly. But, Garber was running the show and relying on others as he built his team. In the fall of 2009, Pollack resigned. Garber tapped Stewart as his replacement.
Stewart Shines Brighter under Garber
by Joseph Smith Sr.
When was the last time the final two heads-up players had chip counts of 80,200,000 and 37,550,000? How about in a $1,500 buy-in event? This is exactly the situation in event #51 of the 2014 World Series of Poker happening now at the Rio Resort in Las Vegas.
It's the $1,500 buy-in No-Limit Hold'em Monster Stack that pulled in 7,862 entrants and created a prize pool of $10,613,700 paid to the top 792 finishers. The winner receiving an incredible $1,327,083 for their $1,500 investment plus one of the WSOP gold bracelets.
The wild success of this format is certain to not only be repeated in coming years but will likely be expanded to more than one event. Each of the starters receive 15,000 in play money and then attempt to survive the three days of play and become the latest WSOP millionaire.
When the dealing was done Hugo Pingray held every one of the 117,750,000 tournament chips in play. He also laid claim to the winner's pile of cash totaling $1,327,083 and his first WSOP gold bracelet. Pingray will also have an interesting story to tell his fellow travelers as he wings it home to Switzerland.
Joseph McKeehen collected $820,863 for second place.
by Joseph Smith Sr.
Event #55 of the 2014 World Series of Poker at the Rio in Las Vegas was another of the player and crowd pleaser. A $1,500 buy-in No-Limit Hold'em match that always attracts quite a crowd and this one was no exception. Day 1 saw 2,396 entrants take a seat for the scheduled three day event. Offering a prize pool of $3,234,600 paid to the top 243 finishers.
A purse share totaling $582,321 was held for the winner along with a new WSOP gold bracelet. As is typical of these events most of the field was on the rail at the end of Day 1 leaving just 268 players with chips to return on Day 2 and continue the journey to poker stardom.
When the final table was reached on Day 3 David Jackson had a commanding chip lead with 4,950,000
while the next closest stack was just under a million and held by Aaron Massey. Jackson finally hit the rail in 4th place while Massey went out in the 3rd spot.
Heads-up play between Asi Moshe and Michael Ferrer began with Ferrer holding a slight chip lead. It only required 7 hands into the heads-up play before Asi Moshe had all of the chips, $582,321 in cash and his first WSOP gold bracelet which he can admire on his return trip home to Tel Aviv, Israel.
Michael Ferrer had to settle for $361,207 in cash for his runner-up finish.
by Joseph Smith Sr.
Buy a seat in WSOP event #54 for $3,000 and spend three days at risk of mental overload trying to figure out all the intricacies of Pot-Limit Omaha Hi-Low Split-8 or Better. Omaha is noted for it's wild action that can produce constant swings in chip stacks. Watching these tournaments always appeals to the fans and favorite.
When the shuffle up and deal command came and the cards went into the air there were 474 starters hoping for WSOP gold and some of the cash from the $1,294,020 prize pool. The top 54 finisher received cash but only one experienced the thrill of claiming a WSOP gold bracelet and joining poker's most exclusive club.
The player atop it all was German player, Florian Langmann, claiming his first WSOP victory and gold bracelet. He also collects $297,650 after sending second place finisher, Zack Freeman, to the cashier cage to collect his $184,216.
WSOP Branding Machine: The Players are the Stars - by Wendeen H. Eolis
The World Series of Poker: It's Our Woodstock! - by Shari Geller
World Series of Poker Events up to 52
AND MUCH MORE, Download the new Issue PDF now!
by Joseph Smith Sr.
Finally, one of my favorites events. When the ladies all gather around the tables and play serious poker. This year's event drew 793 ladies to the No-Limit Ladies Championship, down about 17% from last years 954 entrants. A prize pool of $713,700 distributed among the top 81 finishers with the winner receiving $153,470 in cash and a special WSOP gold bracelet.
Probably some of the readers are saying, “Hey, wait a minute. Just how much juice is the house keeping if the prize pool for a $10,000 buy-in event with 793 paid admissions is only $713,700?” That's a legitimate question that can be easily answered by a little bit of politically correct sleigh of hand. To keep this ladies event stocked with only ladies and none of those rowdy males the WSOP had to resort to creating a situation that didn't appeal to the boys. All Ladies entering that are indeed ladies receive a discount of 90% on their buy-in while male entrants much pay full price. Clever, huh?
Once the heads-up stage was reached between Mikiyo Aoki and Haixia Zang it only took eleven hands to have our ladies champion for the 2014 World series of Poker. Haixia Zang of Los Gatos, California stood alone above the field holding all the chips and claiming her WSOP gold bracelet and the $153,470 belonging to the champion.
Mikiyo Aoki fought the good fight but came up one position short finishing in second place so heads home to Bozeman, Montana with her $94,800 in prize money.
by Joseph Smith Sr.
Prior to the online poker boom of the early mid 2000's, poker players could find a limit hold'em game in every poker room in Las Vegas. Then the online poker crowd discovered that real Hold'em was played as a no-limit game where the player could shove all of their chips in anytime. After all, that's how they did it at the WSOP's Main Event or “The Big Game.”
Today, it's difficult to find any limit Hold'em game at any level of play. A majority of poker players prefer No-Limit Hold'em, finding limit too slow and short on action, but that didn't stop the 122 entrants from handing over $10,000 for a seat in the WSOP Event #52 Limit Hold'em Championship.
A prize pool of $1,146,800 awaited the top 18 finishers. The winner's share amounted to $303,909 plus a WSOP gold bracelet and bragging rights to World's best Limit Hold'em player.
When the long and hard fought heads-up battle for all the chips finally came to an end in the small hours of Sunday morning it was David Olson holding the winning hand, all the chips and title to the WSOP gold and a large pile of cash. David Olson will be returning home to Dallas,Texas with $303,909.
Mikail Tulchinskiy was first runner-up and heads back to Russia with $187,811 in cash. Limit specialist Bill Chen made the final table but fell short and left in 6th place.
by Joseph Smith Sr.
A midrange No-Limit Hold'em event began with 696 players in $5,000 seats chasing a prize pool of $3,271,200. The top 72 finishers earned prize money from the purse while the winner received a nice WSOP payday of $719,707. Additionally one of the coveted WSOP gold bracelets goes to the winner.
Heads-up and 2 AM both players agree to play another level so into the wee hours the one-on-one duel.
Norbert Szecsi enjoys a 3 to 1 chip advantage but opponent David Miscikowski attacks the stacks and doubles through to take the chip lead. Szecsi comes right back and regains a small lead about half way through the session. Looks like this ones going into an extra day.
The two players returned to the Rio to play to a completion of Event #49 and picked up where they left off earlier in the day. After a level of play the two were still close when they left for the first break. Returning to play yet another level they probably didn't even need to sit down because two hands into play David Miscikowski had all the chips and Norbert Szecsi was pondering how he was going to spend his $444,707 for second place.
David Miscikowski left with $719,707 in cash and his first WSOP gold.
by M.G. Smith
If you're lucky enough to win some serious money at the WSOP (or any other tournament) and you're wondering what you need check out a great article by tax expert Russ Fox explaining how to pay your taxes when you cash in at the WSOP. This helps answer some big questions regarding this subject.