The History of Tournament Poker
Tournament poker is today one of the most popular forms of poker. Although poker has been around for more than a century now, the tournaments are still relatively new. The most respected and well known tournament for poker today is the World Series of Poker. In the year 1972, the grand prize at this tournament had just been $80,000. In the year 2005, the grand prize had grown to a massive $7.5 million which Joseph Hachem had taken home.
This huge difference and growth in the prize money has been because of the number of players that today enter these tournaments. In the year 1972 only 8 players had participated in WSOP while in 2003 this number had grown to 839.
The Popularity of Tournament Poker
The popularity of tournament poker has grown tremendously over the last few years. Today there are several very well known international poker tournaments. Most of the high profile tournaments are covered by television and are very glamorous. It is a fierce competition among the players where the best skills prevail. However, there is also a luck factor involved in tournaments which makes it even more interesting.
When everyone starts with $5,000 the chances in everyday life that one would end up with $5 million seem to be nil. However, at the end of the tournament this does happen and if you are the lucky one and have the strongest skills you might be the one taking home the big cash prize.
Why are Tournaments Popular?
Tournament poker is popular not just because of the large prize money involved. This format of poker is thrilling and eventful. Players from all over the world gather to participate in these events and some of the high profile tournaments are the focus of the media like WSOP. Being in the middle of all this attention can be very exciting and fun.
There are also several satellite tournaments organized for many Full Tilt Poker tournaments and of course, for those who are more comfortable playing online, there are the online tournaments which are just as exciting. If you have good skills, very strong decision making abilities and are prepared, winning at these tournaments is not really impossible.
However, you would also need a bankroll to participate in these tournaments and if you are thinking of participating it is important that you stay grounded and get your facts right. There is a very large number of people who enroll in these tournaments hoping to win big money but end up losing all of their bankroll to the sharks in these tournaments. Some of the high profile tournaments would have a buy-in of $10,000 which is not affordable for everyone so give it a good thought before you go ahead with it. Not everyone can win at these tournaments but it is still not impossible. If you have the right mindset and are thoroughly prepared you could be the next big winner.