If you’re a poker enthusiast, then you’re probably familiar with the ONE DROP poker tournament. But for those who aren’t, let’s take a closer look at what it is and why it’s such a big deal in the poker world.
Firstly, let’s start with the name. The ONE DROP Foundation is a non-profit organization founded by Guy Laliberté, the co-founder of Cirque du Soleil.
The foundation’s mission is to provide access to safe water to people all over the world. In 2012, they partnered with the World Series of Poker (WSOP) to create the ONE DROP poker tournament.
So, what makes this tournament so special? Well, for starters, it has a $1 million buy-in – the highest buy-in in any poker tournament in history.
This means that only a select few players can afford to play in it. But more importantly, 11.1% of each buy-in goes directly to the ONE DROP Foundation to fund their water access projects around the world.
PRO TIP:The ONE DROP Poker Tournament is an annual, exclusive high-stakes poker event that awards the winner with a massive prize. It is hosted by Guy Laliberté, the founder of the Cirque du Soleil and an avid poker player. To participate in the tournament, players must buy-in for a minimum of $111,111 USD. The tournament also features celebrity players from around the world and has a prize pool of $15 million or more. With such huge stakes, it is important to make sure that you are highly experienced in playing poker and have a deep understanding of the game before participating.
The first ONE DROP poker tournament was held in 2012 and attracted some of the biggest names in poker, including Phil Hellmuth and Antonio Esfandiari. Esfandiari ended up winning the tournament and taking home over $18 million – the largest payout in poker history.
Since then, there have been two more editions of the ONE DROP tournament – one in 2014 and another in 2016. Each year, it attracts some of the best players from around the world, as well as celebrities like Matt Damon and Ben Affleck.
But it’s not just about playing for millions of dollars and rubbing shoulders with Hollywood stars. The ONE DROP tournament also raises awareness for an important cause – providing access to safe water for everyone on our planet. And by participating in this event, players are contributing directly toward that goal.
In terms of gameplay, the ONE DROP tournament is a no-limit hold’em event with a freezeout format. This means that once you’re out of chips, you’re out of the tournament. The blinds start at 200/400 and increase every hour, with levels lasting 90 minutes each.
So, there you have it – the ONE DROP poker tournament in a nutshell. It’s an incredibly high-stakes event that brings together some of the best players in the world for a great cause. And whether you’re a poker fan or not, it’s definitely worth keeping an eye on this tournament each year to see who comes out on top and how much money is raised for the ONE DROP Foundation.
If you’re interested in participating in the ONE DROP tournament yourself, then start saving up that $1 million buy-in! But even if you can’t afford to play, you can still support the cause by donating to the ONE DROP Foundation directly.
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