WSOP 50K Buy in

[arod15]

Am I alone in thinking the main event should be a 50K buy in. I was discussing with my friend and argued that it was 10K back in 1979. Not that i did the math just by simple inflation in my mind it should be 50K. I mean the WPT chapionship is 25K so why shouldnt the most prestigious event in the world cost more? In my mind it would be more exciting to watch 500 of the best players play for the title than have a 6000+ field shootout. If it were 50K there would be very little dead money as most people would have had to win multiple step tournaments to entry and wealthy people would think twice. Just my thoughts.

[autobet]

My thinking is it should be raised to 25K

[meow_meow]

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My thinking is it should be raised to 25K

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Yeah, still leaves room to get a decent number of sat winners in, but lifts the buy-in out of the gutter (as it were) of every run of the mill WSOP/WPT circuit event

[mlagoo]

oh its this thread again

[DVaut1]

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oh NO its this STUPID thread again

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FYP

[PokerPaul]

i totaly agree and have thought abou tthis too.

to think that the most prestigious poker event in the world, the world championship event so to speak, is open to anyone who can muster up 10K (or $40 for multiple online sattelites winners)has become laughable.

didnt pokerstars alone supply over like 1150 entrants?

the fact that anyone without any kind of prerequisite can play for the world title is counter logical, and yet that very open for anyone strategy used to be one of the events beauty.

Back when 10k was a whole lot more valuable in the 70's, the field consisted of a majority of top poker players, and a few wealthy wannabes thrown in, which at that time actually added to the beauty of it.

Now its a few world class players thrown in with literally thousands of online qualifiers and newcomers, and the romance of it being open to anyone is gone. Its funny, cuz the average skill level of the players in this tourney is probably worse (much worse) than any WPT or PPT event, yet this is the world championship.

I think the only way to truly fix this thing is to raise the entry price to 100k. That way it would be truly limited to 1/10 of the online and sattelite qualifiers they have today, only truly wealthy people could afford to gamble on it, and only the truly best poker players in the world would be able to draw on a BR which could afford this.

And if you think 100k is way too much, its still less in todays dollars than 10k was in early 70's.

I guess though that harrahs would want to make as much $$ off this in entry fees so that would likely have to be about $8000 per head to amke up for the reduced entry field.

[DVaut1]

[ QUOTE ]
i totaly agree and have thought abou tthis too.

to think that the most prestigious poker event in the world, the world championship event so to speak, is open to anyone who can muster up 10K (or $40 for multiple online sattelites winners)has become laughable.

didnt pokerstars alone supply over like 1150 entrants?

the fact that anyone without any kind of prerequisite can play for the world title is counter logical, and yet that very open for anyone strategy used to be one of the events beauty.

Back when 10k was a whole lot more valuable in the 70's, the field consisted of a majority of top poker players, and a few wealthy wannabes thrown in, which at that time actually added to the beauty of it.

Now its a few world class players thrown in with literally thousands of online qualifiers and newcomers, and the romance of it being open to anyone is gone. Its funny, cuz the average skill level of the players in this tourney is probably worse (much worse) than any WPT or PPT event, yet this is the world championship.

I think the only way to truly fix this thing is to raise the entry price to 100k. That way it would be truly limited to 1/10 of the online and sattelite qualifiers they have today, only truly wealthy people could afford to gamble on it, and only the truly best poker players in the world would be able to draw on a BR which could afford this.

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So the argument is that big, huge fish fests are really -EV for good players?

I'm sure tons of pros are just dying for the opportunity to drop 100k for the opportunity to play against the other top pros where they have absolutely no edge and ridiculous amounts of variance.

What a plan.

[drewjustdrew]

[ QUOTE ]
So the argument is that big, huge fish fests are really -EV for good players?

I'm sure tons of pros are just dying for the opportunity to drop 100k for the opportunity to play against the other top pros where they have absolutely no edge and ridiculous amounts of variance.

What a plan.


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Exactly. Times have changed from when the WSOP was established. It was not really very popular back then, unlike today. It would not be realistic to expect the best players to want to play against only the best at a higher buy-in today. It's hard enough to beat the chumps.

[PokerPaul]

i'm not saying the big field of fish doesnt make for some easy money, i actually think it is easier to finish in the money with it.

However, this is the world series of poker, not the Fish Fest 2005, and winner is declared world champion. i think you should have to beat the best in the world, each putting up your own $$$ to be considered world champion.

Its the whole pride and recognition thing. If you can have a tourney with a 100k buyin where winner is the undisputed world champion for a year, you bet the likes of BG, DN, PH etc will pony up the $$ to compete against wach other, even if the +EV goes down.

I mean just look at this whole daniel challenge match series. He is actually playing -EV just for pride and bragging rights, and putting up 500k at a time for it.

[Hopshield]

$10K in 1979 equals 21K in today's dollars. Not even close to being more valuable than $100K.