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2006 World Series of Poker Main Event A home poker tournament in progress.. A poker tournament is a tournament where players compete by playing poker.It can feature as few as two players playing on a single table (called a "heads-up" tournament), and as many as tens of thousands of players playing on thousands of tables.
Casino chips (also known as poker chips, gaming tokens, or checks/cheques) are small discs used as currency in casinos. Larger, rectangular gaming plaques may be used for high-stakes games. Poker chips are also widely used as play money in casual or tournament games, are of numismatic value to casino chip collectors , or may be kept as souvenirs .
As such, the term "cash game" may be considered a more precise depiction of the kind of game commonly found in most casinos or home venues; that is, a non-tournament game played for actual money (or chips representing actual money), without regard for the number of players seated at the table at any given time.
Only when we get to the #5 entry do we see Jamie Gold, who won $12 million at the No Limit Texas Hold'em World Championship event in 2006 ($18.1 million in today's money).
The minimum cash buy-in for the fifth season increased to $200,000 – the largest buy-in for an entire run of a television series. Unlike in poker tournaments, the chips involved represent real money. If a player loses his or her initial buy-in, that player may rebuy a minimum of $50,000. In addition, players may use cash instead of casino chips.
A guide to playing Texas Hold’em, the most popular variation of poker at most online and brick-and-mortar casinos
When you walk up to a blackjack table in Las Vegas and you hand the dealer a $100 bill for chips, they put that money into a drop box. This is what is known as the "drop," "table game drop," or ...
Along with the usual $10,000 chip stacks, a new feature to the WSOP was the "All-In" button. Tournament directors have informed the participants that the coin could be used in lieu of pushing all of one's chips into the pot. The beige $50,000 chips that were used in 2005 were not used in 2006.
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