No-limit Texas Hold'em World Championship Event

The Poker Web has some very exciting poker news for July 7, 2005. Today starts the final World Series of Poker tournament, the No-Limit Texas Hold'em World Championship Event. Already 5,200 are entered, and up to 6,000 are expected by start time. That would make the record top prize near $7.5 million for the winner of the final table that begins July 15. The tournament will cover an eight day period. Each level will last two hours, with a 15-minute break after every level.  The field will be split over the first three days and will combine on day four.  Days four, five, and six will play five levels each.  Day seven will be played down to 36 players.  Day eight will be played down to the final nine players.  Play resumes at noon each day. 4% of the total entry pool will be withheld for the house.  2% of the total entry pool will be withheld for tournament staff.

Event #42
WORLD CHAMPIONSHIP EVENT
NO LIMIT TEXAS HOLD'EM
$10,000 BUY-IN
July 7 - 15, 2005, 12 Noon

Recap of the recent past championship events:
Chris Moneymaker, a young accountant, emerged from anonymity and a $40 investment in a tournament at Poker Stars two years ago and won $2.5 million against a spread of 829 players. Greg Raymer, the reigning champion, a patent attorney with a predilection for fossils and strange sunglasses, walked away with $5 million last year when 2,576 players entered the main event in 2004.