The WSOP logo.

The World Series of Poker is the most prestigious set of poker tournaments in the world.

Links

• Official WSOP Site
• World Series of Poker Event Champions List
• World Series of Poker Retrospective
• WSOP Photo Gallery
• 2005 World Series of Poker Photo Gallery
• Commentary on numerous final hands at the WSOP main event

Video: 2008 World Series of Poker WSOP Main Event Final Table

The World Poker Tour (WPT) is a series of poker tournaments featuring most of the world’s professional players. It was started by attorney/television producer Stephen Lipscomb who now serves as CEO of WPT Enterprises (WPTE), the firm that controls the World Poker Tour.

The tour had its debut season in the latter part of 2002 and early part of 2003, climaxing with the WPT Championship in April 2003 at the Bellagio Casino in Las Vegas, Nevada. The first season aired on the Travel Channel on American cable television in the spring of 2003. The show made its network debut on February 1, 2004 on NBC with a special “Battle Of Champions” tournament, which aired against CBS coverage of the Super Bowl XXXVIII pre-game show. The Travel Channel aired the first five seasons of the Tour. In April 2007, WPTE announced that the series would move to GSN for its sixth season in the spring of 2008. The first WPT tournament to air on GSN, the Mirage Poker Showdown, debuted on March 24, 2008.

The World Poker Tour is a collection of Texas hold ‘em poker tournaments held internationally, but mainly in the United States. The television show has led to a boom in the table game across American homes, local casinos and poker rooms, and online. It is perhaps not surprising, therefore, that the key sponsors of the tour are casinos and online poker sites. The show, which is syndicated internationally, is co-hosted by World Series of Poker winner Mike Sexton, and actor Vince Van Patten. Former model Shana Hiatt served as the show host and sideline reporter in its first three seasons. Former newscaster Courtney Friel took over the host role for the fourth season, and Sabina Gadecki for the fifth.

While both Mike Sexton and Vince Van Patten give the impression that their commentary is “live” as events happen, most of the audio for the show is recorded in post-production, so the commentators can remark about the players’ hole cards. This is due to the fact that many (but not all) of the WPT venues are prohibited by state regulations to allow camera feeds inside a gaming area. Consquently, the audio heard on the show broadcasts is a mix of audio recorded live, and audio commentary recorded in post-production.

First exemplified by the long-running World Series of Poker main event, a poker tournament gives each player an equal amount of chips to start, with colors representing different values. Play continues, typically over several days until one player has acquired all of the chips. When that occurs, that player has won the game and captures the grand prize, approximately 30-35% of the total prize pool. The resulting winner’s check can exceed one million dollars. All other competitors finish with no chips, but win a portion of the prize pool according to the order in which they left the tournament. The last player to lose all of his chip-stack finishes in 2nd position, typically worth approximately 20% of the prize pool.

The drawing power of the WPT, like any poker tournament, is that anyone who can pay the “buy-in” (an amount ranging from $5,000 to $25,000) or win a “satellite” tournament is able to compete against the top professional players, such as Phil Hellmuth, Doyle Brunson, or the top 2004 tournament money and multi-WPT tournament winner, Daniel Negreanu.

Fans of the show find it interesting due to technical innovations such as the ability to see the players’ hole cards through a small camera in front of them on the poker table (an innovation first seen on the UK programme Late Night Poker). Due to the success of the show, special programs, such as the “Hollywood Home Game”, featuring celebrities playing for charity, and “Ladies Night”, where six of the top women played against each other, were developed.

In 2004 the World Poker Tour created a Walk of Fame, inducting poker legends Doyle Brunson and Gus Hansen as well as actor James Garner.

Now in its sixth season of broadcast, it still remains among the highest rated television programs on cable. It airs Mondays on Game Show Network. The first three seasons of WPT are also available on NTSC DVD. (The second season DVD set features audio commentary by several of the players. The third season is only available in a “Best Of” format, featuring just half of the episodes.) CITY TV airs the WPT on Sundays at 4pm PST in Canada with a rebroadcast at Midnight (or shortly after depending on the length of their Sunday Night Movie. The series moved to Monday nights since the move to GSN in 2008. Beginning with the 2008 season, host Mike Sexton no longer toasts the winner of the Tournament with an “official beer of the World Poker Tour” (sponsored in years past by Anheuser-Busch). They now provide champagne glasses for their salute.

A series of spin-off tournaments, titled the Professional Poker Tour, began filming in 2004. No episodes have as yet been broadcast, partly due to a dispute with the Travel Channel over rights. In the fall of 2005, WPTE announced that “a cable channel” (believed to be ESPN) had withdrawn from bidding for the PPT series, and that WPTE was negotiating with the Travel Channel to air the series. On January 30, 2006, WPTE and the Travel Channel announced that they had dismissed all open lawsuits and agreed to air as many as 44 new WPT and PPT events in 2006. The series began regular broadcast July 5, 2006, but was suspended after one season as WPTE couldn’t find a television home for a second season.

Sherman Act lawsuit

In July 2006, seven poker professionals sued WPTE, alleging violations of the Sherman Antitrust Act, the California Cartwright Act, and intentional interference with contract (Complaint and Response). The professionals (Chris Ferguson, Andy Bloch, Annie Duke, Joe Hachem, Phil Gordon, Howard Lederer, and Greg Raymer) allege that WPTE’s standard release forms, required for participation in WPTE events, are anti-competitive and designed to interfere with their contractual obligations to other companies. The anti-competition claim is based on the fact that WPTE’s contracts with the casinos that host its tournaments bar those casinos (and other casinos owned by the same parent companies) from hosting non-WPTE poker events. The claim of interference with contract is based on the releases’ claim to perpetual rights to the players’ likenesses for any use WPTE wishes. The players claim that this would put them in violation of other contracts (such as Ferguson’s Activision Games contract or several players’ contracts with online poker sites). Hachem and Raymer dropped out of the lawsuit before its eventual settlement.

Settlement

In April 2008, WPT Enterprises, Inc. settled with the five remaining players of the lawsuit that was brought against them, Chris Ferguson, said about the settlement, “We are happy to have come to an agreement that is fair to all players, and to have put in place a new release that clears up ambiguities in how players’ images may be used. We are especially happy that this new release will apply to all poker players who wish to participate in WPT tournaments and events.”

WPT Ladies

In January 2008, the WPT announced a set of tournaments for women, known as WPT Ladies. The first season will have five events, with buy-ins ranging from $300 to $1,500. The final table of the final event will be televised.

Player of the Year

Points are awarded for all Open events as follows:

• Winner: 1000 points
• Runner-up: 700 points
• 3rd place: 600 points
• 4th place: 500 points
• 5th place: 400 points
• 6th place: 300 points
• 7th place (TV bubble): 200 points

This award is given out to one player per season. The winners so far are:

• Season 1: Howard Lederer
• Season 2: Erick Lindgren
• Season 3: Daniel Negreanu
• Season 4: Gavin Smith
• Season 5: J. C. Tran
• Season 6: Jonathan Little

Record winnings

Regular Events

WPT Championships

Deal

A fictional WPT championship match is the setting for the 2007 feature film Deal. Sexton, Van Patten, and Friel are slated to play themselves and a number of other poker professionals and poker-playing celebrities are reportedly in the cast. The WPT set was shipped to New Orleans for filming following the season 4 championship.

Links

• Official site
• WPT Online
• WPT on GSN site
• World Poker Tour event reports

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

A satellite tournament is either a minor tournament or event on a competitive sporting tour or one of a group of such tournaments that form a series played in the same country or region. The term is most commonly used in reference to minor professional or competitive junior tennis.In professional tennis, satellite tournaments are typically organised by a country’s national tennis association and overseen by the International Tennis Federation. They are played by players who are ranked outside the top few hundred by the Association of Tennis Professionals with a high enough national ranking. Prize money ranges from £1000 – £15000 for winning the tournament. Players successful at this level of pro tennis move on to play ATP Challenger Series or even top-flight ATP Tour events.

A satellite tournament in poker is a qualifying event. Winners of these satellites usually win the buy-in fee to a larger, more prestigious tournament like the World Series of Poker Main Event.

A poker tournament is a tournament at which the winners are decided by playing poker, usually a particular style of poker.

Contrast this to a ring game, where the game is ongoing with no formal structure to determine a single winner in a certain length of time.

Entry fees and prizes

In a typical tournament, a player pays a fixed entry fee (called a buy-in) and receives, in return, a certain quantity of in-game currency, called play money, invariably represented in the form of poker chips. Typically, the amount of play money given each player is an integer multiple of the buy-in. Only this in-game “play” money can be used in the game, real money cannot. Additionally, real and play money cannot be interchanged at any time. Some tournaments, however, offer the option of a re-buy or buy-back; this gives players the option of purchasing more chips. In some cases, re-buys are conditional (for example, offered only to players low on or out of chips) but in others they are unconditional, or offered to all players. When a player has no chips remaining (and has exhausted or declined all re-buy options, if any are available) he or she is eliminated from the tournament.

In most tournaments, the number of players at each table is kept even by moving players, either by switching one player or (as the field shrinks) taking an entire table out of play and distributing its players amongst the remaining tables. A few tournaments, called shoot-outs, do not do this; instead, the last player (sometimes the last two or more players) at a table moves on to a second or third round, akin to a single-elimination tournament found in other games.

The prizes for winning are usually derived from the entry fees, though outside funds may be entered as well. For example, some invitational tournaments do not have entry fees and fund their prize pools with sponsorship revenue and/or gate receipts from spectators. (These tournaments are referred to as freerolls.) Play continues, in most tournaments, until all but one player is eliminated, though in some tournament situations, especially informal ones, players have the option of ending by consensus.

Players are ranked in reverse chronological order — the last person in the game earns 1st place, the second-to-last earns 2nd, and so on. This ranking of players by elimination is unique amongst games, and also precludes the possibility of a tie for first place, since one player alone must have all the chips to end the tournament. (Ties are possible for all other places, though they are rare since the sole tiebreaker is the number of chips one has at the start of the hand in which one is eliminated.)

Sometimes tournaments end by mutual consensus of the remaining players. For example, in a ten-person, $5 game, there may be two players remaining with $29 and $21, respectively, worth of chips. Rather than risk losing their winning, as one of them would if the game were continued, these two players may be allowed to split the prize proportional to their in-game currency (or however they agree).

Prizes are awarded to the winning players in one of three ways:

• Fixed: Each placing corresponds to a certain payoff. For example, a ten-person, $20 buy-in tournament might award $100 to the first-place player, $60 for second-place, $40 for third, and nothing for lower places.

• Proportional: Payouts are determined according to a percentage-based scale. The percentages are determined based upon the number of participants and will increase payout positions as participation increases. As a rule, roughly one player in ten will ‘cash’, or make a high enough place to earn money. These scales are very top-heavy, with the top three players usually winning more than the rest of the paid players combined.

Tournaments can be open or invitational. The World Series of Poker, whose final event (a $10,000 buy-in no limit Texas Hold ‘Em tournament) is considered the most prestigious of all poker tournaments, is open.

Multi-table tournaments are involve players playing simultaneously at dozens or even hundreds of tables. Satellite tournaments to high-profile, expensive poker tournaments are the means of entering a major event without posting a significant sum of cash. These have significantly smaller buy-ins, usually on the order of one-tenth to one-fiftieth the main tournament’s buy-in, and can be held at various venues across the country and, more recently, on the Internet. Top players in this event, in lieu of a cash prize, are awarded seats to the main tourney, with the number of places dependent on participation. Chris Moneymaker, who won the 2003 World Series of Poker, was able to afford his seat at this event by winning an Internet tournament with a $39 buy-in. Greg Raymer, 2004 World Series of Poker champion, acquired his seat via a $165 Internet tournament.

Betting format

Betting, in tournaments, can take one of three forms:

• In a structured (fixed limit) betting system, bets and raises are restricted to specific amounts, though these amounts typically increase throughout the tournament. For example, for a seven-card stud tournament with the stakes at 10/20, raises would be $10 in the first three rounds of betting, and $20 in the latter rounds.

• Semi-structured betting provides ranges for allowed raises. Usually, in this format, one may not raise less than a previous player has raised. For example, if one player raises $20, it would be illegal for another player to raise an additional $5. Pot limit is a semi-structured format in which raises cannot exceed the current size of the pot.

• Unstructured betting, usually called no limit. While blinds, antes, or bring-ins are fixed, players are free to bet as much as they wish, even early in a round of betting. To bet all of one’s chips (risking one’s tournament life, in the event of losing the hand) is to go all-in. In no-limit tournaments, players will sometimes take this risk even early in the betting; for example, in some no-limit Texas Hold ‘Em tournaments, it is not uncommon for players to bet “all-in” before the flop.

The betting structure is one of the most defining elements of the game; even if other aspects are equivalent, a fixed-limit version and its no-limit counterpart are considered to be very different games, because the strategies and play styles are very different. For instance, it is much easier to bluff in a no-limit game, which allows aggressive betting, than in a fixed-limit game. No-limit games also vary widely according to the proclivities of the players; an informal, emergent, betting structure is developed by the players’ personal strategies and personalities.

The stakes of each round, as well as blinds, bring-ins, and antes as appropriate per game, typically escalate according either to the time elapsed or the number of hands played.

Types of poker

While some tournaments offer a mix of games, like H.O.R.S.E. events which combine Hold’em, Omaha, Razz, Stud and Stud Eight or Better and Dealer’s Choice events, at which one may choose from a similar menu of games, most tournaments feature one form of stud or community card poker, such as seven-card stud, seven card high-low stud, Omaha Hold ‘em or Texas Hold ‘em. Both Omaha and Texas Hold’em tournaments are commonly offered in fixed-limit, pot limit, and no limit forms.

Tournament venues

Informal tournaments can be organized by a group of friends; for example, most colleges feature poker tournaments. Casinos and online gaming sites often offer daily tournaments.

However, these are not the only venues. Poker cruises offer tournaments at sea. The 2005 World Series of Poker primarily took place in the conference hall of the Rio Hotel in Las Vegas.

Major tournaments

The two largest and most well-known tournaments are the World Poker Tour championship event and the World Series of Poker, both held in Las Vegas, Nevada. The World Series has traditionally been featured on ESPN.

The 2005 World Series of Poker was the first held outside of Binion’s Horseshoe Casino, though the final few days of the main event were held in the legendary Benny’s Bullpen. Future tournaments will be held at one of the Harrah’s Entertainment properties; 2005 saw the Rio as primary venue.

Arguably the most publicised European tournament is the Poker Million, which began in 2000 on Sky Sports, following on from the success of the Late Night Poker television show.

In addition to these events, there are other major tournaments throughout the year. The World Poker Tour broadcasts a series of open tournaments throughout the U.S. and Caribbean with buy-ins from $5,000 to $15,000, as well as a European event with a €10,000 buy-in. Some of these events are stand alone tournaments like the Caribbean Poker Adventure, but most are held in conjunction with a tournament series being held at the host casino, like the Commerce Casino’s LA Poker Classic, the Reno Hilton’s World Poker Challenge and the Bicycle Casino’s Legends of Poker.

Atlantic City hosts The United States Poker Championship at the Trump Taj Mahal casino. The Plaza casino in Las Vegas hosts the Ultimate Poker Challenge, a series of regular tournaments that culminates in a $10,000 buy-in event.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.