Monday, August 06, 2012

43 Annual World series of Poker Event #55: The Big One for One Drop, Part 1 of 2 video.

The World Series of Poker (WSOP) is a series of poker tournaments held annually in Las Vegas and, since 2005, sponsored by Caesars Entertainment (known as Harrah's Entertainment until 2010). It dates its origins to 1970, whenBenny Binion invited seven of the best-known poker players to the Horseshoe Casino for a single tournament, with a set start and stop time, and a winner determined by secret ballot.
The winner of each event receives a World Series of Poker bracelet and a monetary prize based on the number of entrants and buy-in amounts. Over the years, the tournament has grown in both the number of events and in the number of participants. Each year, the WSOP culminates with the $10,000 no-limit hold'em "Main Event," which, since 2004, has attracted entrants numbering in the thousands. The victor receives a multi-million dollar cash prize and a bracelet, which has become the most coveted award a poker player can win. The winner of the World Series of Poker Main Event is considered to be the World Champion of Poker.
As of 2012, the WSOP consists of 61 events, with most major poker variantsfeatured. However, in recent years, over half of the events have been variants ofTexas hold 'em. Events traditionally take place during one day or over several consecutive days during the series in June and July. However, starting in 2008,the Main Event final table was delayed until November. Due to the 2012 U.S. presidential election, the 2012 WSOP final table will be delayed until October 28.
With 58 bracelet events and no rebuy events, the 2011 WSOP featured unprecedented "nearly live" coverage, with broadcasts being delayed by much smaller amounts of time while still satisfying Nevada Gaming Commission regulators. Caesars Entertainment, via, streamed final-table coverage of all bracelet events on a 5-minute delay, although without pocket cams. The ESPN family of networks aired 36 hours of Main Event coverage leading up to the November Nine on a 30-minute delay, showing the hole cards of all players who voluntarily entered the pot once the hand ended. The Main Event final table was broadcast on a 15-minute delay with the same policy regarding hole cards. The first day of the final table was aired on ESPN2 and the final day on ESPN, with both days also streamed on ESPN3 and 
Since 1971, all WSOP events have been tournaments with cash prizes. In 1973 a five-card stud event was added. Since then, new events have been added and removed. Since 1976, a bracelet has been awarded to the winner of every event at the annual WSOP; later on, the winners of pre-1976 events were retroactively given bracelets.
Since its inception, Stu Ungar and Johnny Moss are the only players to have won the Main Event three times. However, Moss' first victory came in a different format, as he was elected winner by vote of his fellow players at the conclusion of what was then a timed event. Moss (if the first time win by vote is counted), Ungar, Doyle Brunson, and Johnny Chan are the only people who have won the Main Event in consecutive years. Johnny Chan's second victory in 1988 was featured in the 1998 film Rounders.
Main Event 
Since 1972, the Main Event of the WSOP has been the $10,000 buy-in no-limit Texas Hold 'Em (NLHE) tournament (in 1971 the buy-in was $5,000 and the inaugural 1970 event was an invitational with winner determined by a vote). Winners of the event not only get the largest prize of the tournament and a gold bracelet, but additionally their picture is placed in the Gallery of Champions at Binion's. The winner of the Main Event has traditionally been given the unofficial title of World Champion. However, some believe that no-limit hold 'em is not the optimal structure for determining a champion poker player. In 2002, Daniel Negreanu argued that the Main Event should switch to pot-limit hold 'em, believing that pot-limit required a more complete set of poker skills than no-limit, although he admitted that such a change would likely never be made. However, many of the game's top professionals, including Negreanu, have since stated that the recently-added $50,000 H.O.R.S.E./Poker Player's Championship event is the one which ultimately decides the world's best player. The $50,000 buy-in, being five times larger than the buy-in for the Main Event, has thus far tended to deter amateurs from playing in this event, and the variety of games played require a broader knowledge of poker. The first $50,000 event, conducted as a H.O.R.S.E. tournament, was won by Chip Reese in 2006. In 2010, the $50,000 event changed from H.O.R.S.E. to an "8-game" format, adding no-limit hold 'em, pot-limit Omaha, and 2–7 triple draw to the mix, and was rechristened The Poker Player's Championship, withMichael Mizrachi winning the first edition of the revamped event. Since Reese's death in December 2007, the winner of this event receives the David 'Chip' Reese Memorial Trophy in addition to the bracelet and the prize money.
In September 2009 Harrah's signed an agreement with Dragonfish, the B2B arm of 888 Holdings, to provide its online gaming services. The offering went live in the UK later that year, allowing UK users to play for real money. Due to the Unlawful Internet Gambling Enforcement Act of 2006, the offering is not available in the United States.
43 Annual World series of Poker Event #55: The Big One for One Drop - No-Limit Hold'emEvent, Episode 01, Part 1 of 2, Video

Antonio Esfandiari Wins $1,000,000 Big One for One Drop ($18,346,673)
Known to many as "The Magician," Antonio Esfandiari saved his most stunning trick for Tuesday, July 3, 2012 when he came into the final table of the $1,000,000 Big One for One Drop with the chip lead and walked out the winner, and a massive $18,346,673 payday.
When the final table began, Esfandiari was the man leading the way, trailed closely by Sam Trickett. Throughout the entirety of the final table, those two jockeyed for the top spot while everyone else was playing catch up.
On the 23rd hand of the final table, the first elimination occurred and it was Richard Yong hitting the rail. He was all in preflop with the  versus Brain Rast's . Yong was able to hold up on the first four community cards, but the fifth one was a king and gave Rast the winning hand.
Just under 20 hands later, Bobby Baldwin dropped out in seventh place on the 41st hand of the final table. With the blinds in Level 20 at 250,000/500,000/50,000, Baldwin was all in with the  versus Guy Lalibert√©'s . A flop, turn and river ran out  to leave Baldwin second best.

Sunday, May 27, 2012 to Monday, July 16, 2012 
Rio All-Suite Hotel & Casino
3700 West Flamingo Road 
Las Vegas, NV  US
Buy-in: $1,000,000; Prizepool: $42,666,672; Entries: 48
TOP 3 Finishers 
1 Antonio Esfandiari 18,000,000
2 Sam Trickett 10,112,001
3 David  Einhorn 4,352,000

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