Now that the World Series of Poker has come to a close (yes, I realize 27 players are left in the Main Event, but for all intents and purposes it's over) I thought I'd crunch some numbers for your reading pleasure.
* 55 bracelet events were held. Competing in all of them required a bankroll of $231,500. If you were to take the average number of rebuys in each of the five rebuy events, you'd need to add another $42,000 to your bankroll. Of course, this overlooks the fact that many events were running simultaneously, making playing in all of them impossible, even if you *are* a female aged 50 or over who works in a casino.
* Only one person won more than one bracelet. John "The Razor" Phan won Event #29, $3,000 No-Limit Hold'em, and Event #40, $2,500 Triple Draw. He had five total cashes during the 2008 WSOP, but that couldn't hold a candle to the ten cashes racked up by Nikolay Evdakov (a new WSOP record). Of course, Phan grossed $608,464 for his five cashes on an initial investment of $10,500; Evdakov grossed "just" $228,527 on a $51,000 investment.
* The vig that Harrah's earned on the 55 bracelet events totals $9,107,353.50. That's just their cut from bracelet events and doesn't include rake from the cash games or vig from the satellites that were running 24/7 for six weeks, never mind all of the promotional deals made with companies like Milwaukee's Best Light, Everest Poker, All In energy drink, etc. I know Harrah's has to hire a ton of extra staff for the WSOP, but they make a killing on it.
An interesting side note is that top prize at the Main Event this year ($9,119,517) is almost identical to Harrah's rake.
* The official WSOP press release puts the total number of entries for the 55 bracelet events at 58,720. I calculated the total as 58,702 and am not sure if the error is mine or Harrah's. Regardless, the total number of entries last year for all 55 events was 54,288. On straight numbers, that's an increase of 4,432 entries, or 8.1%. A little deeper digging, however, reveals some interesting facts and trends.
Hold'em
"Straight" NLHE events (that is, not 6-handed or heads-up format), not including this year's Event #11 and Event #52, which were both new, saw a year-on-year increase in entries of a very modest 3.8%, increasing from 35,467 in 2007 to 36,811 this year, a total of 1,344 entries. Consider that Event #2, the $1,500 donkament, got a big bump from conveniently being scheduled for opening weekend and increased 931 entries from 2007, or 31%, and that Event #54, the Main Event, saw a year-on-year increase of 486 entries. Those two event combined for an increase of 1,417 entries. That means the other 15 "straight" NLHE events ran basically flat as compared to their 2007 counterparts.
That doesn't include Event #52, the $1,500 NLHE that was billed as one of the four new events in 2008. I'm not sure what event it replaced from 2007, but it's no secret that the "donkaments" draw the largest fields. This one drew 2,693 runners. Whatever event it did replace certainly didn't come even close to drawing that many entries. The result is that the overall 8.1% increase in entries for all 55 events from 2007 is artificially inflated.
Then there are the rest of the non-mixed hold'em events. The three six-handed NLHE events saw a year-on-year increase of just 1.7%, from 3,002 entries in 2007 to 3,053 entries in 2008. (I purposefully excluded the heads-up event from a calculation of "short-handed NLHE" since it was artificially capped at 256 this year to make for even brackets.) The three pot-limit hold'em events dropped 6.6%, from 1,778 combined entries to 1,660. And the four straight limit hold'em events increased from 2,359 entries in 2007 to 2,401 entries in 2008, a very modest increase of 1.8%.
In summation: NLHE +3.8% (with the caveat regarding Event #2 and Event #54); NLHE 6-handed +1.7%; PLHE -6.6%; LHE +1.8%. It seems safe to say that for the moment the hold'em market is almost completely tapped out -- without a repeal of the UIGEA, anyway.
Everything That's Not Hold'em
So where's the increase coming from? Certainly not from seven card stud. The four stud and stud hi/lo events saw a drop in numbers since 2007, from 1,469 entries to 1,344 entries (-8.5%). This can at least partially be explained by significant increases in the buy-in for two events -- the "world championship" events. In 2007, the seven card stud world championship was $5,000, and the stud hi/lo world championship was $3,000. Those buy-ins were bumped to $10,000 and $5,000, respectively, in 2008.
As opposed to stud, the other non-hold'em games all seem to be on the rise. The three limit omaha hi/lo events saw an increase from 1,504 in 2007 to 1,621 in 2008 (+7.7%); the five pot-limit omaha events increased by an even larger percentage, from 2,017 in 2007 to 2,332 in 2008 (+15.6%).
The lowball events may not everyone's cup of tea, but they seems to be more people's cup of tea than they used to be. The three lowball events drew 628 entries in 2007; in 2008, they drew 776 entries, an increase of 23.5%. It may have helped that the Triple Draw event was not a rebuy event this year, although the buy-in was increased to offset that fact. Thre are also the "mixed" events, any event where more than one game is played. In 2007, those six events drew 2,658 entries; in 2008, 2,816 entries, an increase of 5.9%.
Summary
The long and short of it is that, at least as far as the WSOP is concerned, hold'em is flat, stud is declining (no surprise there) and omaha, lowball and mixed games are on the rise. Without the convenient scheduling of Event #2 and the addition of Event #52, the overall numbers from 2007 to 2008 would probably have been flat.
* I consumed only one Pizza Hut personal pan pizza all summer. It was during the first week. As soon as I realized that the pizzas are cooked primarily by being placed under a heat lamp for an indeterminate amount of time, I stayed the hell away. I also limited myself to four Krispy Kreme donuts all summer. I couldn't justify the $2/donut price tag to myself.
More post-WSOP thoughts are coming later this week.
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