The WSOP (World Series of Poker) is the major event of the poker calender.
Originating at Binion's Casino in 1970, it has run every year on an ever increasing scale. Harrah's bought Binion's in 2004 and moved the event to their casino The Rio (for the 2005 & 2006 events).
The WSOP is a series of poker tournaments of various formats and of various buy-in levels (ranging most recently from $1000 to $50,000). Winning any of these poker tournaments earns you not only lots of money, but also a very prestigious WSOP Bracelet. Winning several bracelets is often seen as the benchmark of success for professional poker players.
The players with the most bracelets are Doyle Brunson, Johnny Chan, and Phil Hellmuth, all with 10 bracelets each.
The main event of the WSOP is a $10,000 buy-in tounament of NL Holdem. In 2006 this event attracted over 8000 entries and the 1st Prize was $12,000,000
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