Monte Carlo IPPA offers Highest Ever Buy-in at $250,000

Most players consider casino poker events with $10,000 buy-ins to be in the high stakes range.  But the International Poker Players Association Championship event in Monte Carlo will blow these opinions away since it will be a $250,000 buy-in poker tournament.  The No-Limit Hold’em Shootout event, which happens in Monte Carlo on December 2nd, is going to offer a $12 million prize pool where the winner will earn $5 million.

The IPPA Championship buy-in of $250,000 is the highest ever out of any land-based or online poker tournament.  Now you might think this buy-in would scare off many poker players, but the interesting thing is that several players have already registered for the tourney.  Some of the players who’ve bought in include Tom Dwan, Patrik Antonius, Tony G, Freddy Deeb, Johnny Chan, Phil Ivey, Huck Seed, Robert Mizrachi, Michael Mizrachi, and Gus Hansen.

This tournament, which has been featured in poker news headlines already, is the epitome of a high stakes poker event.  Some players such as Tom Dwan, Patrik Antonius, and Phil Ivey rarely play poker in tourneys anymore so the fact that all three are currently registered for the IPPA Championship shows how big this event is.  And while the $5 million top prize may not match the $12 million Jamie Gold won in the 2006 WSOP, the field will be much smaller in this tournament giving these texas players a much better shot at winning.

Interestingly enough, the $250,000 IPPA Championship was supposed to happen last year.  However, the H.O.R.S.E. format wasn’t attractive enough to most players so it was changed to a holdem poker tournament this year.  As mentioned before, several of the world’s top poker players have already signed up for this tournament so it looks like changing the format was a good decision.  The tournament field will be capped at 48 players so there might even be too many people who want to play.

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