22August2017

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Biggest Ever Open Live Tournament to Raise Awareness for One Drop Charity

Many of the big names in the poker world are well known for offering staggering amounts to charitable foundations, but the largest names in the game have never done anything like what is about to happen with The Big One tournament for The One Drop charity.

With 48 players paying a staggering $1 million fee to enter the Big One tournament in association with the One Drop Charity the total prize pool will be a cool $42.6 million the biggest in open poker history. However, for the One Drop Charity each entry fee will have 11.1% donated, which works out to be a huge $5.3 million donation.

 

One Drop is a charity that promotes water awareness and safe water supply to under privileged countries around the world. It is fair to say that both the coverage it receives from this event and the $5.3 million that will be raised from this tournament will help a lot.

 

The game is being held at the same venue as the WSOP and there is a mixed field to say the least. Of course, due to the huge buy in, even some of the top names in the game can’t afford to buy directly into the tournament. The perfect example, Gus Hansen, won seat number 48 in a super satellite tournament that had a $25,000 buy in, which is two and a half times the entry fee of the WSOP main event. This has meant that the field is made up of several unknown high rollers, including; CEOs, hedge fund managers, the founder of onedrop.org Guy Laliberté, and some of the biggest names in the game as well. Some of the professional players include; Tom Dwan, Phil Ivey, Daniel Negreanu, Antonio Esfandiari and the voice of poker Mike Sexton.

 

The top prize will be a staggering $18.3 million, which is $6 million more than the the most ever paid for a single open tournament win at the WSOP 2006 won by Jamie Gold. The winner will also receive a platinum WSOP bracelet, which will be the first of its kind. The new bracelet will be worth a fair bit as well, but I don’t think the winner will be selling it. With 160 grams of 14K gold and 35 carats of flawless diamonds this will be the most expensive piece of sporting jewellery ever made.

 

The event has actually been in the pipeline for over a year now with Laliberté saying that he spoke to Garber (the CEO of Caesars Interactive Entertainment and the man responsible for the World Series of Poker) back in 2011 at an ice-hockey match. He said that he wanted to bring a huge game with a charitable element to the WSOP, and this led to the development of The Big One.

The tournament, which starts on the 1st July, will be one that every player in the field desperately wants to win, but who will? Only time will tell.

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