By
Jerry Smith
Staff Writer Updated: 12/14/2019
Jerry’s greatest advantage is his extensive experience on the casino floor. His time as a casino manager taught him everything about what makes a player tick. Besides being a skilled poker player, he has deep knowledge of all live table games and gambling regulations in the US.
Bellagio, Las Vegas, hosts the Five Diamond World Poker Classic this December 2019, Photo by www.shutterstock.com
World Poker Tour Five Diamond World Poker Classic 2019 has begun this December and is being hosted by the Bellagio, Las Vegas. The start of this event marks the final major poker event to be held this year. The tournament started on December 12, and will now end on December 22. One of the most prestigious poker events to be held every year, the buy-in for Five Diamond is $10,400. Out of the total pool, 3% will be held to pay for the tournament staff fees.
Ever since 2012, the Five Diamond World Poker Tour event has grown in the number of entries. The poker event follows an unlimited re-entry structure, which has now allowed the number of people to enter the event this year to get much higher. Last year, there were 1002 entries, of which Dylan Linde emerged as the victorious champion. He took with him a grand prize of $1,631,468.
Players were allowed to register until Level 12 on Day 2 till around 5:15 pm. Players get to start with $30k in chips and may register or re-enter until the start of the ninth (9th) level. A shot clock will be introduced into the game once it keeps eliminating players and the play is reduced to 80 players.
Players are allowed to go on a quick 15 minutes break after the conclusion of every two 60 minutes level and one 90 minutes level. In an amount equivalent to the big blind, single will be posted by the player. The ante format is to be followed throughout the tournament. You also need to be 21 years and older to be eligible to buy-in and participate in the tournament. A total of 40,000 chips will be put into play.
Over the years, the World Poker Tour Five Diamond World Poker Classic has witnessed some of the most crazy hands dealt at the table. The prestigious poker event has given elite poker players a hefty amount in prize and some of the most exciting and thrilling poker games. Season 1 was won by Hans Gunsen with prize money of $556,460. In the coming years, Hans won three more World Poker Tour titles, one runner-up title, and three third-place finishes.
Paul Phillips, Daniel Negreanu, Rehne Pedersen, Joe Hachem, Eugene Katchalov, and Chino Rheem have all won the subsequent tournaments.
There was more than the $1.8 million on the line for me. I was also playing to win CardPlayer of the Year. Not only did I make the final table, I did so with the biggest chip lead in WPT history and mostly cruised to victory from there.
– Daniel Negreanu on winning the World Poker Tour Five Diamond
While the unlimited re-entry rule has definitely helped them register a lot more players, there are still many who are not very fond of this rule. The World Poker Tour Five Diamond World Poker Classic is one of the most prestigious poker events to be held in the casino industry, and allowing unlimited re-entries have caused many top poker players such as Allen Kessler and Daniel Negreanu to oppose this. They have time and again mentioned that re-entries take away the thrill and charm of the game and should not be allowed.
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