9 Things You Should Know About the World Series of Poker

If you’re a poker participant trying to broaden and elevate your recreation, chances are you’ll need to take a look at the World Series of Poker (WSOP). It’s a spotlight of many poker gamers’ careers, and on this put up, we’ll let you know why you shouldn’t miss it, too.

We additionally advocate you join GGPoker, the world’s largest poker site, to remain posted on WSOP information. The website has a devoted web page the place you possibly can learn up on WSOP updates and join their occasions.

1) What is the World Series of Poker?

The World Series of Poker, or WSOP, is a prestigious poker match held yearly in Las Vegas, Nevada, operating from May by means of July. The match has been operating since 1970 and is broadly thought of the largest of its variety on this planet.

As its identify suggests, the WSOP contains a sequence of tournaments with completely different occasions and buy-ins. It runs for over 2 months and culminates within the Main Event—a no-limit Texas Hold’em match with a $10,000 buy-in. The champion takes house the money prize and a coveted gold bracelet.

2) What occurs once you win a WSOP gold bracelet?

When you win a WSOP bracelet occasion, the occasion identify and 12 months are inscribed upon it. It’s a everlasting reminder of your achievement and an emblem of status within the poker world.

Earning a WSOP bracelet has develop into synonymous with being a poker champion. It’s usually used as a metric to match gamers, with many aspiring to win a number of bracelets all through their careers. Some of probably the most profitable poker gamers have gained quite a few WSOP bracelets.

3) How many WSOP gold bracelet winners are there?

There are a whole bunch of gold bracelet winners. These embrace a number of bracelet winners like Daniel Negreanu, Phil Ivey, Doyle Brunson, Johnny Chan, Chris Ferguson, and Jason Mercier.

Currently, the participant with probably the most WSOP gold bracelets is Phil Hellmuth who has 16.

4) Can you win a WSOP gold bracelet at different tournaments apart from the Main Event?

Yes, you possibly can! Each 12 months, the WSOP identifies a number of tournaments as “bracelet events” and awards the coveted prize to the winners of these video games.

WSOP bracelet occasions are normally chosen primarily based on elements such because the buy-in, the sport format, the size of the match, and whether or not it’s televised.

5) What are the various kinds of WSOP tournaments?

The WSOP options a wide range of tournaments with completely different codecs, recreation constructions, and buy-ins. Besides Texas Hold’em, there’s Omaha, Seven Card Stud, and H.O.R.S.E., to call a number of.

6) Who performs within the WSOP?

The WSOP attracts a few of the most proficient and well-known poker gamers from over 100 nations, but it surely’s not only for professionals—beginner gamers are welcome, too. Anyone not less than 21 years outdated and might afford the buy-in can take part on the enjoyable.

Because of its reputation, the WSOP has additionally branched out to different places apart from Las Vegas. The WSOP Circuit is a collection of tournaments held in a wide range of casinos all over the world main as much as the Main Event. Some satellite tv for pc tournaments happen on on-line poker websites like GGPoker.

The WSOP created the Circuit to make the match extra accessible to a bigger market. Through it, extra poker gamers, no matter ability degree, can get an opportunity to compete with gamers from all over the world and even battle it out with poker legends. This is without doubt one of the the reason why the WSOP is so extremely sought-after.

7) How do you be a part of the WSOP?

You can register for a seat on the WSOP’s Main Event or any of its pre-championship video games by creating an account on WSOP.com, the match’s official web site. You may also achieve this by way of GGPoker, which hosts a few of the WSOP Circuit’s satellite tv for pc video games. Simply log into your WSOP or GGPoker and purchase into the tournaments of your selection. You may also register in individual on the WSOP venue.

You pays the complete quantity or use your poker factors or chips to finish the buy-in. You can earn poker factors by taking part in video games on WSOP.com. Meanwhile, you possibly can win free WSOP chips by downloading and often utilizing the WSOP app.

8) Is there a restrict to the variety of WSOP tournaments you possibly can be a part of?

No, there isn’t! You can enroll and play as many video games as you need, so long as you may have the time and cash. Some gamers attempt to be a part of as many tournaments as potential to maximise their possibilities of successful.

However, we’d advise you to take your time in selecting which occasions to affix. The WSOP affords varied tournaments with completely different constructions, recreation guidelines, and prize swimming pools. Additionally, the competitors can get fairly powerful, particularly within the match’s latter levels.

9) Are WSOP winnings taxable?

It depends upon the place you reside. The Internal Revenue Service (IRS) requires poker gamers to report their match winnings as taxable earnings within the United States. This signifies that you’ll have to file a tax return and declare your WSOP earnings if you’re a participant primarily based within the US.

The excellent news is that you would be able to deduct your losses out of your complete winnings. This can assist decrease the quantity of taxes you owe. However, you possibly can solely achieve this for those who maintain an in depth file of all of your poker video games, each wins, and losses.

Raring to affix the WSOP but? Now that extra about it and the way it works, you’re one step nearer to turning into a poker champion! GGPoker can assist you get there—enroll for an account and begin your WSOP journey with GGPoker right now!