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In poker and gaming, "buying in" is the process of entering a tournament that requires an up-front payment. The size of the payment, otherwise known as the "buy in", determines the total winning prize pool and also contains a fee, otherwise known as the rake, that is paid to the house.
The Big One for One Drop is a $1,000,000 buy-in No Limit Texas Hold 'em poker tournament hosted first in 2012, and for its first four editions, with the World Series of Poker (WSOP). It became the highest buy-in poker tournament in history as well as the largest single payout offered. The event was hosted again in 2014, 2016 and 2018.
For the last several years, the largest tournament in the world has been the World Series of Poker Main Event. With the exception of 1992, the US$10,000 buy-in tournament increased in prize pool year-over-year from its start in 1970 until 2007 (the latter a result of the Unlawful Internet Gambling Enforcement Act of 2006, which reduced the number of players winning their seats via online play).
The Triton Poker Super High Roller Series is a series of poker tournaments that is held between three to four times a year at various prestigious locations around the world. With buy-ins of at least USD 15,000, the Triton Poker Series are among the most exclusive poker tournaments in the world.
The Poker Players Championship is a $50,000 buy-in event at the World Series of Poker (WSOP). Added in the 2010 , it replaced the former $50,000 H.O.R.S.E. World Championship as the highest-stakes mixed-games event. [ 1 ]
Since 1972, the Main Event of the WSOP has been the $10,000 buy-in no-limit Texas Hold 'Em tournament. The winner of the WSOP Main Event receives a World Series of Poker bracelet, millions of dollars (with the exact amount based on the number of entrants), and the right to be considered the year's World Champion of Poker. [2]
Enjoy a classic game of Hearts and watch out for the Queen of Spades!
See also live poker. live poker A retronym for poker played at a table with cards, as opposed to video poker or online poker lock up To lock up a seat in a cash game means to place a poker chip, player's card, or other personal effect on the table in front of the seat, to signify that the seat is occupied even though the player may not be ...