World Series of Poker entry fee

[unfrgvn]

I hope I don't sound like an elitest snob by asking this question, I doubt if I will ever play in the WSOP regardless of the entry fee. But if the WSOP wants to remain the World Series, shouldn't they raise the buy in to the final NLHE event? In the early 70's, $10,000 would buy two pretty nice sedans. Now it's only about half a compact car. Inquiring minds want to know what others think.

[Edge34]

Not to come off sharp, but the thread's been done before...

[Stew]

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Not to come off sharp, but the thread's been done before...

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Nice Avatar

[MadSci]

The real problem with the "low" $10,00 entry fee is that either the event will take too long or will have faster structure and lose legitamacy. This year the final is seven days, with two flights in the first round.

Any longer, and someone with a job would need more than a week off to play. But how about a mid level pro player? Considering the huge randomness that would be a 3000+ player tourney, I think some good players could rationally decide to play cash games instead.

There already will be a cap of 2000 players this year. I don't know if they will hit it, we'll see. But how lame would it be if next year significant nnumber of would-be players are turned away? Or late satelites are cancelled? If good players miss the event due to lack of funds, that's bad. But how about good players missing out due to not getting a seat in a scramble to just get in?

[M.B.E.]

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This year the final is seven days, with two flights in the first round.

Any longer, and someone with a job would need more than a week off to play.

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Not really. Just take three days off. If you're still playing after that, you have enough money to risk being fired.

[jumpthru]

Nice.

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[ QUOTE ]
This year the final is seven days, with two flights in the first round.

Any longer, and someone with a job would need more than a week off to play.

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Not really. Just take three days off. If you're still playing after that, you have enough money to risk being fired.

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[Jimbo]

You should first ask yourself what would I achieve in raising the entry fee? I believe the answer would be that you would narrow the field down so that you will be less likely to find the best players at the final table but will find the best wealithiest players.

Pretty useless to raise the entry fee by more than 20% IMHO.

Jimbo

[MicroBob]

"I believe the answer would be that you would narrow the field down so that you will be less likely to find the best players at the final table but will find the best wealithiest players."


however, for the first several years of the event the whole 'wealthy-player' aspect was probably even more of a factor wasn't it??


10k is a more common championship-event buy-in now (i don't know how many...but i'll guess there are maybe 10 events in the 10k range??)
i dont have a big problem with the WSOP raising it to 15k or even 25k. would certainly be interesting to see how it affects the size of the field if they did.

OTOH....i kind of like the idea of almost 2k players this year. wish i was one of them....oh well, maybe next year.

[unfrgvn]

[ QUOTE ]
You should first ask yourself what would I achieve in raising the entry fee? I believe the answer would be that you would narrow the field down so that you will be less likely to find the best players at the final table but will find the best wealithiest players.

Pretty useless to raise the entry fee by more than 20% IMHO.

Jimbo

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My intent on raising the fee would be to:
A) Narrow the field and hopefully minimize the luck factor,
B) Keep the prestige associated with the name WSOP by making it the most expensive to enter, and of course the richest payout.

As to the argument that if you raise the fee you are only finding the best rich player, then lets lower it to $100 and then I can see if I measure up. [img]/images/graemlins/wink.gif[/img]

[M.B.E.]

When this question was raised on the NVG forum, Ray Zee pointed out that the buyin has remained at $10,000 because of regulatory requirements that a special form be filed in connection with transactions involving more than $10,000 cash.

Although some WPT events have a $25,000 buyin, the "World Series of Poker" retains its mystique.

The main event will not likely be raised above $10,000 until several star players decide to sit out the WSOP because they make more money elsewhere.