Poker Junkie Op-Ed: $1 Million Big One Just an Overblown TV Event - Poker Junkie
Earlier this summer WSOP officials announced the "Big One for One Drop," a $1 million buy-in tournament with 11% of each buy-in donated to the One Drop charity to help provide clean water around the world.
On Monday, the WSOP announced that enough players (22) have committed to the event to make it a full WSOP gold bracelet event.
PokerJunkie blogger Compncards isn't convinced it should be.
Overblown TV Event that May Make All-Time Money List Irrelevant
The Big One for One Drop event will now be an "official bracelet event" with 22 players committed to putting up $1 mllion each.
With those 22 committed, the tournament is also now virtually guaranteed to be the first to award an eight-figure prize in the history of televised poker.
Great way to make the All-Time Money List irrelevant.
The winner will almost be assured of skyrocketing to at least the top 5 on the money list.
In a way, this event is a bit of a slap in the face to those that have been spending a good portion of their careers climbing the list and establishing themselves.
Now, one event could make someone one of the top paid players in poker history.
Yes, I realize that this is being done in the name of charity. And while I applaud the creative method of raising money for One Drop, this event is just another overblown made-for-TV event.
Some players will naturally tune in because of the money at stake and the players, but it is a needlessly inflated event.
Why not make this a $250k buy-in with half of the money going to charity?
You would raise just as much and maybe get a better field.
Further Cheapens the Bracelet
I was really hoping this event fell short of the required 22 players for WSOP bracelet status, but I didn't expect it to happen.
This event does not deserve to be a bracelet event. You can't realistically call this an "open event."
Yes, anyone can play that wants to put up $1 million. But are you going to see any satellites for this event on PokerStars or PartyPoker?
To many, the bracelet has been cheapened in recent years by the adding of events at the WSOP Europe and the bracelet for the National Championship.
While it is true that many still make winning a bracelet as a goal, winning a bracelet does not have the same meaning it used to.
The winner of this bracelet will have beaten a field of 25 to 30 players consisting of pros, businessmen and two satellite winners.
Essentially, the winner will be considered to have purchased himself a bracelet.
I am all for having a charity event, even a high stakes one. However, the million dollar buy-in is excessive and it should not be a bracelet event.
A bracelet should be open to everyone - not just a few that can afford to pony up $1 million.