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2012 WSOP “Big One for One Drop” Confirmed

A few months ago in June the World Series of Poker announced that they were going to host a new tournament next year called the “Big One for One Drop”. The event wasn’t confirmed until recently, but we now know that it will take place at the 2012 WSOP. The new tournament is going to have a buy-in of $1M, which is simply massive. Lots of players have been complaining about the event, but in my opinion I think the event is fine and I’ll discuss why below.

The tournament was scheduled to be a WSOP bracelet event, but before that could be confirmed there needed to be a minimum of 22 players registered for the tournament. Yesterday the WSOP announced that the event was now official, as they have been able to meet the minimum of 22 players. A list of the participants was released, but some of the players wanted to remain anonymous until the tournament was closer.

A few of the big name players that have committed to putting up the $1M buy-in include Daniel Negreanu, Gus Hansen, Tom Dwan, Patrik Antonius, Tony G, Jonathan Duhamel, Bertrand Grospellier and Andy Beal. Beal is a billionaire businessman that loves poker and he can’t wait to have his shot at winning a WSOP bracelet. It isn’t going to be easy to win the bracelet due to the fact that only the best poker players in the world will be participating, but I’m sure he’ll be getting lots of practice in the next several months.

Playing in a tournament with a $1M buy-in might be silly, but this event is for a good cause. A total of $111,111 from each buy-in will be donated to the “ONE DROP” foundation. The foundation ensures countries in need have access to clean water and it’s great to see that this event will be able to earn so much for the foundation. Poker players love to gamble and have fun, but they also don’t mind donating to charities and other good causes that help out people in need.

Some players have been complaining about the tournament because they won’t be able to play in it. They feel that the tournament shouldn’t have a WSOP bracelet up for grabs because they feel the players in the event are “buying the bracelet”. In my opinion if players want to put up $1M to help charity and play against the best poker players in the world, they deserve a bracelet if they win.

The WSOP hands out well over 50+ bracelets every summer now in Las Vegas, so it’s not like winning a bracelet is impossible. This is going to be the toughest tournament playing field in history and with so much money on the line you can expect each player to be playing their very best poker in Las Vegas. I can’t wait to see what other names appear on the registrant list in the next couple months, but I really hope that we see Phil Hellmuth and Phil Ivey. I wouldn’t mind seeing Tony G knocking out Hellmuth in a $1M buy-in tournament this summer.