Here are some facts about the World Series of Poker.
There is one poker tournament in the world that is a household name. The World Series of Poker is a huge annual event that attracts players from all over the world to compete for the ultimate bragging rights and the huge money that goes with it. How does it work? Competing in the World Series is not an easy task.
Thousands of players every year compete to get the chance at playing in the World Series of Poker main event. They go to tournaments around the world and must qualify to move on. There are 12 World Series of Poker events, and by winning at those events, players can move on to face the rest of the winners at the final event, hosted by Harrah’s Casino.
Traditionally, the main event is a $10,000 buy-in, no-limit Texas Hold’em tournament. The winner is generally considered the world champion of poker for that year, much like in sports like the World Series of baseball and the various championships. Not only do they win the title, but they also win a multimillion-dollar cash prize. The prize varies depending on how many people have entered and how much people have paid to buy-in.
In the past, players could qualify for the tournament by winning satellite tournaments of poker online. However, the United States made the practice of purchasing spots in the tournaments by websites for players illegal. Two players had managed to win the World Series by qualifying online before it was banned.
The global popularity of the game of poker has made the prize money for the World Series soar. When it started in 1970, there were 7 entrants and no prize money. In 1971 there were 6 entrants and the prize was $30,000. In 2019, the winner took home $10,000,000 and there were 8569 participants in the series.
In the past two decades, the series has expanded to sponsoring championships outside of the United States. There is a World Series of Poker Europe, Asia-Pacific, Africa, and an international circuit.
As you can see, poker, and the World Series of Poker, has exploded in popularity since the event was created almost 50 years ago. The money has gotten bigger, and more and more players are learning that they can compete with the pros. Who knows, maybe you can be the next unlikely player to win a World Series of Poker bracelet.