Here’s how to make a 1,130 times return on your investment: Enter the World Series of Poker Colossus event, where an initial $565 investment can turn into $638,880. Well, at least for the winner.
The event at the Rio Las Vegas Hotel and Casino opened the 68-event poker tournament with 22,374 official entrants. In the history of live poker, it’s the highest number of players ever to take part in one tournament.
Previously, that record was held by the 2006 Main Event which drew 8,773 players. The Colossus blows away that event by 255%.
The high number of entrants means a total prize pool of $11,187,000, and a record 2,241 players will receive a minimum $1,096 for 2,241st place or higher.
The event also compares in crowd size to the Floyd Mayweather-Manny Pacquiao bout that drew a sold-out crowd of 16,800 in May, the NBA’s record-breaking season average attendance of 17,826 or the National Hockey League’s average attendance of 17,443.
Here’s a look at some of the other numbers behind the Colossus event:
1. The event has the largest prize pool for any live poker event, with a less than $5,000 buy-in for a prize pool of $11,187,000.
2. The largest first-place prize for a $500 buy-in event at $638,880.
3. The best single-day attendance with 12,172 entries last Saturday. The second-largest single-day attendance was Friday with 10,202 players.
4. Most players -- 2,241 -- winning cash. The previous record was 873 in the 2006 Main Event.
5. Number of poker chips each player started with: 5,000.
6. Number of poker chips the winner must accumulate to win: 111,870,000, the total number of chips in play for this event.
7. Number of dealers: 982.
8. Number of card decks used: 4,480.
9. Celebrities who have played in the World Series of Poker so far this year: actor James Woods, who reached the final table for an event last week; actor Mark Wahlberg; Super Bowl football champion Richard Seymour; former Major League Baseball player Jose Canseco; and international soccer player John Arne Riise.
Info: World Series of Poker