The 2012 World Series of Poker Tournament is Underway

The World Series of Poker Tournament (WSOP) is one of the most prestigious poker events and it kicked off on Sunday 27 May 2012 at the Rio All Suite Hotel and Casino in Las Vegas.

The event started with a two day no limit Holdem tournament which was won by Chiab Saechao who took home $70,859.

This prestigious poker tournament usually draws around 5,000 players and 2010 saw Jonathan Duhamel taking home the prize of $8,944,310. This year the main event is held in early July with a $10,000 buy in and the WSOP National Championship is held on 6 July also with a $10,000 buy in, you have to wonder which lucky poker player with walk away with the prize this year.

The History of the Event

The World Series of Poker Tournament started in 1970 when Benny Binion invited seven well-known poker players to join him in a single event at the Horseshoe Casino. Since 2005 this event has been sponsored by Caesars Entertainment, formerly Harrah’s Entertainment.

Each winner of an event receives a World Series of Poker bracelet along with a cash prize which is based on the buy-in amount and the number of entrants for that specific tournament. The winner of the main event is considered the World Champion of Poker.

Since 2011 the event consists of fifty eight different tournaments with a variety of poker games including stud and draw games, along with the favoured holdem games.

In 1982 there were only fifty two entrants and today sees thousands of entrants taking their chance to be the World Champion of Poker. Throughout the history of this prestigious poker event only two players have won the main event three times, these was Stu Ungar and John Moss. Phil Hellmuth does hold the record for the most World Series of Poker bracelets, cash prizes and final table wins.

World Series of Poker Europe

In 2007 the World Series of Poker tournament was brought to Europe and was hosted in London, but moved to Cannes in France in 2011.

Online players in the UK were given the opportunity to join in since 2010, being able to take part in the event without leaving their homes. This has offered great cash prizes and event more entrants to this already popular tournament.

Anyone not ready to tackle the most prestigious poker event in history just yet can start off with smaller online tournaments which are available throughout the day every day from smaller daily events to larger major online tournaments with decent cash prizes. This gives all online players the opportunity to play for real cash prizes, test their skills and strategies and see if they have what it takes to win a tournament.  With fun daily tournaments with low buy-ins to test skill to weekly tournaments with higher prizes and major tournaments that require qualifier events to be completed, these is a tournament for every player even the most novice of players.

The advantage with online poker sites is that most of them enable all players, even those who have just joined to take part in tournaments. Once the player has learned how to play the game, they are welcome to join in these events and see if they have what it takes to win a major tournament such as the World Series of Poker.

Most people know the name Chris Moneymaker, the name brought about the Moneymaker effect where people saw a man join an online poker site and play to win a seat at the World Series of Poker tournament, he not only won the seat at the tournament but went on to win the entire live event.