World Series Of Poker Announces New Payout StructureMin-Cashes Now Worth At Least Double The Buy-In |
|
With just days to go before the 55th annual World Series of Poker kicks off, players heading to Las Vegas this year can expect some changes to this year’s payout structures.
Series officials have announced that a min-cash will now be at least twice the buy-in amount. The WSOP has generally been paying out 15% of the field in recent years and this has resulted in some minimum payouts being smaller.
WSOP officials made note of the change via Twitter on May 21 and offered a link to a calculator to determine payouts for tournaments throughout the series.
NEW PAYOUTS for 2024 WSOP!
Min cash for most events will now be 2x buy-in.
See payout calculator for full breakdown of prizes for each event. https://t.co/bEG5KwCKlF pic.twitter.com/O73LSYAfQU— WSOP – World Series of Poker (@WSOP) May 21, 2024
More On The Payout Plan
As an example of how the system works, if event no. 1, the $5,000 Champions Reunion saw 1,000 entries, then the min-cash would pay out $10,060 for places 105 to 150. The winner would score $763,410 with the runner-up grabbing $508,940.
The system extends to non-bracelet Daily Deepstacks events as well.
The changes come after organizers have seen some criticism over the issue in recent years. Some players favored the changes and bumping up the payouts at the bottom.
I don’t like paying 1st $10mm while 2nd gets $5,5mm and mincash is only $15K. How do we justify almost double of 2nd place for the 1st? It just doesn’t seem right
— Nadya Magnus (@NadyaKGB) May 21, 2024
Others pointed out some negatives that can come with those at the bottom of the payout ladder playing for more money.
“Just encourages more stalling near bubbles,” poker pro Michael Gagliano noted on Twitter. “Pay more people and pay them less, soften the bubble, make everything move more seamlessly. [It] also results in a venue that won’t facilitate chops forcing people to play huge heads ups. Again, bad for everyone.”
For a complete preview and schedule of this year’s WSOP, click here. For a complete look at the PokerGO live streaming schedule, click here.
Photo by PokerGO
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
