World Poker Tournament Prize Money
- World Poker Tournament Prize Money Tour Championship
- World Poker Tournament Prize Money Payout
- World Poker Tournament Prize Money Winners
- World Poker Tournament Prize Money Payouts
A prize pool in excess of $80 million will be split up amongst the final 15 percent of the field, with the winner walking away with eight figures — $10,000,000. The 'money bubble' burst at 1:36am. This year Trition Million poker tournament was conducted with the prize pool of $65,660,000. The winner received $23,100,000. Also, the buy-in amount is $25,000. It is the 6th largest poker tournament in terms of the prize pool and number 1 Poker tournament with the highest amount given to a winner.
Table Of Contents
With the 2020 World Series of Poker $10,000 Main Eventalready underway and just a few weeks from its finale stages, it's no surprise that the team at WSOP.com has put a focus on awarding satellite packages to the initial round of play on Dec. 13.
The World Series of Poker® is the largest, richest and most prestigious gaming event in the world, having awarded more than $3.29 billion in prize money and the prestigious gold bracelet, globally recognized as the sport’s top prize.
However, a high-profile hiccup occurred on Sunday.
What was supposed to be a $100 rebuy satellite devolved into a confused mess as payouts in the client didn't match those posted in the tournament description. Eventual winner Eric 'basebaldy' Baldwin, who plays as 'circleball' on the site, then became embroiled in a brief dispute that was, thankfully, resolved in fairly short order.
Read on to see what happened.
Winner-Take-All?
The $100 rebuy plus add-on tournament drew 97 entries, with those players then blasting in 93 rebuys and 59 add-ons to create a prize pool of $22,659.
World Poker Tournament Prize Money Tour Championship
As the satellite was to an online flight, no expenses were being awarded, so the winners would earn a $10,000 seat, as stated in the event's description. Additionally, each seat was must-play. That would mean an intuitive breakdown of the prize pool would be as follows:
| Place | Prize |
|---|---|
| First | $10,000 WSOP Main Event entry |
| Second | $10,000 WSOP Main Event entry |
| Third | $2,659 |
Instead, the payout table in the client listed the prize pool as winner-take-all, as shown in Baldwin's initial tweet querying the WSOP about the prize distribution:
@WSOPcom how will this tournament be paid out? time sensitive. https://t.co/Fh6WsgwnBf
— Eric Baldwin (@basebaldy)Nobody from the WSOP responded publicly to Baldwin's inquiry, and the tournament evidently played out with the posted payout.
Baldwin's Winnings Confiscated
Baldwin wound up shipping it and collecting the entire prize pool. The $22,659 was apparently paid out in dollars to his account with no seat awarded, according to a follow-up tweet from Baldwin.
More interestingly, that tweet showed a message from the WSOP explaining that because of the erroneous payouts, Baldwin's account had been docked the entire first-place prize, with the seat awarded in its place.
@WSOP do you guys stand by this as a response? https://t.co/QmyJhN7P6Dhttps://t.co/gmvkye2wfY
— Eric Baldwin (@basebaldy)Poker Twitter Outraged
Of course, the entire tournament had been played out with the players clearly able to see the prize pool listed in the client. Therefore, they had presumably tailored their strategy with the idea that all of the prize money was earmarked for the winner.
Had they known the prize money was going to be distributed in the intuitive fashion listed above, they'd have significantly changed their strategy. Rather than a massive bubble between first and second, there would have been a large bubble between second and third, with a smaller one between third and fourth.
As it was, they'd have assumed there was no difference between finishing third and fourth and therefore played far more aggressively at that point of the tournament.
Many prominent players took to Twitter to express their outrage. Jason Koon called confiscating the funds 'absolute robbery' and top New Jersey regDan Lupo called the response 'all-around terrible.' Ryan LaPlante said anything less than a full payout to Baldwin was 'absurd.'
Katie Stone summed up many players' feelings on the matter:
The site made a mistake. When a site makes a mistake, the players should not pay the price. Taking money out of a p… https://t.co/yUwGeuKwso
— Katie Stone (@KatieStonePoker)WSOP Settles Matter Privately
PokerNews reached out to a WSOP.com representative on Tuesday to request a statement on the matter but did not receive one.
Some players suggested getting the Nevada Gaming Control Board involved. In at least one high-profile recent case, they'd ruled in a group of players' favor in a dispute over a bad beat jackpot, so it may have been a good option for Baldwin.
World Poker Tournament Prize Money Payout
However, that proved unnecessary.
In a Wednesday call, Baldwin and WSOP reps apparently came to an amicable resolution. Payouts for the event were retroactively changed to fit the original intent of the tournament, awarding two $10K seats with the leftover cash going to the third-place finisher.
Baldwin, meanwhile, received 'additional compensation' that he said he was 'more than happy with.'
In the end, if Baldwin feels he was adequately compensated, the matter appeals settled, and he made sure to thank the WSOP and the poker community for their efforts in helping him get things settled.
Thank you to everyone who is passionate about the health and growth of poker. It is my honest opinion that there a… https://t.co/tU1f8TXO9c
— Eric Baldwin (@basebaldy)Tags
WSOPEric 'basebaldy' BaldwinOnline PokerPoker TournamentsRelated Tournaments
World Series of Poker
All poker players have different motivation. Some of them play to become famous, some play to get emotions, but all wish to win the first place and get the best prize from ClubWPT. We all play poker to receive rewards, and that’s great!
Reward is one of the strongest types of motivation. When you pay buy-in and participate in tournament the only place you are dreaming about is the first one. That’s because very often the highest place brings the best possible reward.
World Poker Tournament Prize Money Winners
ClubWPT offers valuable prizes in many of the tournaments, but there are some very important things you need to know before you start playing there:
Eligibility
World Poker Tournament Prize Money Payouts
Not all players are eligible to claim prizes at WPT Club; there is a special list of restricted countries. Players from these countries are not allowed to claim prizes if they win something.
That’s because of legislation. ClubWPT is 100% legal in some US states, Canada, United Kingdom, France and Australia. Players from other countries are not allowed to participate in poker games and withdraw winnings.
Once again: there is a special list of eligible territories and states. If you are resident of other country / state don’t even try to withdraw your winnings. There is a special procedure of verification every player has to pass. During this procedure a player has to provide evidence of his eligibility to withdraw his rewards. This procedure will require player to send a scanned copy of his ID / Passport and maybe some other documents.
As you see if you don’t belong to eligible territories it’s impossible to withdraw or receive prizes. For some players it will be a huge disappointment, but ClubWPT cares about his reputation and accepts only players from specific regions.
Subscription
Now let’s talk about account types and differences between accounts in terms of possible rewards. As you know there are 2 different account types: Basic and VIP. All basic members can participate in freerolls and win something there. But rewards in freerolls are not big. You will have to spend a lot of time in order to win useless prize. To be honest it’s not the best deal. Why should a poker room spend money for freerolls if these tournaments don’t give anything in return?
If you really want to get something valuable playing poker at ClubWPT you need to purchase VIP status. This status can be obtained by purchasing special subscription. Here you can read more about Membership Plans and about how to subscribe.
All VIP members have opportunity to participate in big tournaments where serious prizes can be won. As you understand it’s not for free. But the cost of VIP subscription is not high while it allows you to participate in games and tournaments where great prizes can be won. It’s a good deal for serious players.
Here is an example of what a VIP member can win in ClubWPT tournaments:
- Monster® DNA On-Ear Headphones (MSRP $229.95).
- Tag Heuer Aquaracer Quartz Men's Watch
- $7,000 package to the Season XIII WPT bestbet Bounty Scramble event in Jacksonville
- The Monster® Headphones $6,000 WPT Montreal 2014 Package
- A part of $10,000 prize pool in Guaranteed Cash Poker Tournament. The prize structure is deep: 250 places will be paid.
- and many more…
Rewards are always different. The Club holds different promotions with different prize pools. For example very often you can see a WPT Seat tourney where you can win World Poker Tour Package. Cash tournaments are also regular and give you opportunity to win real money.
The tournament schedule is full of tournaments every day. If you look at the schedule you will see that different tourneys are held every 15 minutes! Though prize pools are not always big you have great opportunity to increase your skills playing more often.
As you see there prizes at ClubWPT are really valuable and are worth playing. If you are ready to start playing – download ClubWPT now and get 2 weeks of free VIP Trial. Just don’t forget that you need to be a resident of eligible territory and have VIP membership account in order to be able to get amazing rewards.