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Posts Tagged ‘prize’

2017 WPT Five Diamond World Poker Classic Day 2 – Brandon Meyers Maintains Lead as Prize Pool Determined

Continuing to hold court over the throng of players still in the tournament, poker professional Brandon Meyers continued to hold the lead as Day 2 of the 2017 World Poker Tour Five Diamond World Poker Classic concluded. At the same time, those that are left in the event found out what they were playing for once late registration/reentry closed. Out of the 600-plus entries that were received on Day 1, Meyers was the one who drove the tournament. He would finish the day with an impressive 152,750 in chips but, as the poker adage goes, you can’t win a tournament on the first day. You also can’t win it when there are still players to enter the event, which was the case here with late registration/reentry (the $ 10,000 tournament was an unlimited reentry tournament) lasting until Level Nine (the next to last level of the night on Day 2).

PokerStars to Restrict Satellite Winners to One Prize Package Per Live Event

PokerStars has made yet another significant change to its online poker room policies, eliminating the ability for players to earn multiple seats into live tournaments via satellites. This is a massive departure from tradition, as many players (though not “many” relative to the total poker playing population) found satellites to be profitable endeavors past the initial tournament seat. On the PokerStars blog, PokerStars Poker Operations Manager Mike Jones hearkened back to the 2003 World Series of Poker, which was famously won by amateur Chris Moneymaker, who also famously qualified for the WSOP Main Event via a $ 39 satellite on PokerStars. While satellites existed before then, they really weren’t all that popular as a means to gain entry into a bigger, more expensive tournament. Moneymaker’s success changed all that, though. Once amateur players saw what Moneymaker did, online satellites- not just at PokerStars – exploded. Now they are commonplace, woven

Petition Calls for Removal of Rake at WSOP Championship Event, Revenue Sharing for Additional Money in Prize Pools

In an ingenious move that might not gain any traction – but it doesn’t hurt to try – a poker fan has started a petition asking officials at the World Series of Poker to eliminate the rake on the WSOP Championship Event. In addition to this elimination of rake, the petition is also asking for a revenue sharing program over other WSOP events that will “spread the wealth” that Caesars Entertainment is pulling in over a variety of methods. David Bass, an investment banker with Arena Capital Advisors who publishes a blog called AnyTwo.biz, called for the petition earlier this week after some analysis of the current WSOP rake structure. “Our basic thesis is that a portion of the money paid by ESPN to the WSOP (or its parent company, Caesars) for the right (sic) to broadcast WSOP events and other ancillary revenue should be added to the WSOP prize

More Prizes Added to Sweeten WPT Tournament of Champions Prize Pool

As the date approaches for the first rendition of this version of the World Poker Tour’s Tournament of Champions, the tour officially announced on Tuesday that more prizes had been added to the awards that will be handed out in the event. Monster, the official headphones and speakers of the WPT, announced that they would be awarding everyone who makes the six handed final table of the Tournament of Champions their special Monster SoundStage, a high-definition wireless home music system that is made for multi-room usage. This type of system normally retails for nearly $ 500, making it a nice prize for anyone to receive. The big news, however, is in what Monster will award the eventual victor of the Tournament of Champions. When the tournament is completed and one man (sorry ladies…no woman has ever won an event on the WPT Main Tour) is holding all the chips, Monster

Binion’s Drops Tourney Series Guaranteed Prize Pools

Remember when Binion’s in downtown Las Vegas used to be a legendary venue for poker? Now it’s more like Binion’s is a place that people only hear about in legends. The latest piece of evidence in the near-disappearance of poker from Binion’s altogether came yesterday, as the gambling hall announced that it is dropping the guaranteed prize pools from its current tournament series. The 2015 Binion’s Poker Open, part of the relatively unknown Players Poker Championship (PPC) Poker Tour, began on September 18th and is scheduled to run through October 4th. Twelve of the first fourteen events have $ 200 buy-ins and $ 10,000 guaranteed prize pools (the other two have $ 240 buy-ins), while the final tournament, the PPC Main Event, has a $ 300 prize pool and a $ 50,000 guarantee. It appears, though, that Binion’s has not drawn enough players to hit those extremely modest numbers. In