Re: party is doing steps for the world series.
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That structure is terrifying.
I suspect you could live inside those tournaments for several weeks without ever popping out of either end.
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I think that's the appeal. For people who play recreationally, this has the potential to get you a lot of play for your $11 buyin. And the play is fun because you can dream that if you try hard you'll win the WSOP (as opposed to just spending that $11 on a $10+1 sng or putting it towards a buyin for a ring game where the potential upside is small).
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