Wsop Payout
- Of the buy-in, $111,111 was a charitable donation to the One Drop Foundation, and the WSOP took no rake. All 48 seats available for that event were filled, resulting in a prize pool of $42,666,672, with over 5 million dollars donated.
- Below are the 2012 World Series of Poker results Key. Elected to the Poker Hall of Fame (#/#) This denotes a bracelet winner. The first number is the number of bracelets won in the 2012 WSOP. The second number is the total number of bracelets won. Both numbers represent totals as of that point during the tournament. Number of Payouts: 666.
- The winner of each event is the last player standing, who then takes home the prize money and a WSOP bracelet. Most of the events are variants of Texas Hold'em, however games such as Omaha also.
- MTT Payout Structure (top 10% paid) Scroll to the right.
WSOP.com continues this legacy, yet strikes the proper balance between professional-grade and accessible. It's all the action and prestige of the World Series of Poker, from the comfort of your home or locale of choice. At WSOP.com, anyone can play and anyone can win. Dreams are dealt on daily basis.
Record numbers of tournament entries at the World Series of Poker proved to many that US poker is alive and well. What doesn’t help grow the game, however, is poker players left waiting for their winnings.
Several online poker players have taken to social media complaining of slow payouts from WSOP.com. The situation hasn’t caused panic, but several players have expressed frustration.
Seth Palansky, vice president of corporate communications for Caesars Entertainment and the WSOP, spoke to US Poker about the delay.
“We reached out to affected players last week, apologizing and telling them that there would be a delay. We should have the backlog cleared out this week.”
Poker players turning to PayPal
From a business standpoint, the added online bracelets were a hit with players – both in Nevada and New Jersey. The WSOP had a record number of deposits this summer, and that’s undoubtedly a good sign for online poker in the U.S.
Palansky said most players deposit and withdraw to the same payment method. That changed a bit this summer and has led to some slower than expected cashouts.
“This year we had a lot of people asking for PayPal withdrawals who had deposited cash at the cage. For a merchant, like WSOP.com, we keep a certain amount of funds on PayPal and all of the various payment processors we use.
“As withdrawal requests come in, so do deposits and that usually stays at a constant level. When we have an excess we sweep the funds into our bank account and when the pool is short we deposit additional money.”
Those extra PayPal requests threw a wrench into the usual system and have led to some slow payouts according to the WSOP.
“When we started getting more PayPal withdrawals than normal, it depleted the PayPal pool, and unfortunately, and due to the volume of requests, the process took a little longer than normal,” Palansky says.
Poker players waiting not so patiently
WSOP.com had big numbers this summer thanks to more online events and players in New Jersey joining those in Nevada on the virtual felt. In fact, in New Jersey, WSOP.com had its best month in three years.
The site saw a 124% increase in players in online bracelet events from last year. That included almost $2.6 million in prize pools in a single day.
But players with cash still on the site continued to complain over the weekend about not receiving their funds yet.
The Twitter wrath among players hasn’t been pretty, and many have expressed frustration with a lack of response. Some players were reporting cashouts taking more than a week.
What kind of ponzi is @WSOPcom running? I haven’t waited this long for a payout since Lock Poker.
— aaron mermelstein (@aaronmermelpokr) July 27, 2019
Why is my cashout taking over 1.5 weeks? @wsoponline
— aaron mermelstein (@aaronmermelpokr) July 22, 2019
A few regular players on the site attempted to assure others that their funds were safe. Many players may still have some bad memories of having funds being stuck on Ultimate Bet, Absolute Poker or Full Tilt Poker.
That isn’t the case with WSOP and officials with the site say the problem is being resolved as quickly as possible.
Your funds are secured. Ive cashed out and never had any issue with @WSOPcom
— Mokedi Derrick (@hunchoBarbarian) July 22, 2019
Other players have found success making use of the cage at the Rio after the WSOP came to an end.
I did cage cash out on Monday and get cash at cage by Wednesday 😬😬😬
— Thai Ha (@hathaipoker) July 22, 2019
Palansky says the WSOP is attempting to get payouts cleared up as soon as possible. The series is also reaching out to players in payout limbo and expects cashouts to be caught up soon.
Players with additional concerns are asked to contact customer support. Contact information is [email protected] in Nevada and [email protected] in New Jersey.
Many frustrated players continue waiting for their cash, but hopefully, those payouts will come through this week as promised. Because if there is one thing that shouldn’t stay in Vegas, it’s a player’s winnings.
Table Of Contents
With the 2020 World Series of Poker $10,000 Main Eventalready underway and just a few weeks from its finale stages, it's no surprise that the team at WSOP.com has put a focus on awarding satellite packages to the initial round of play on Dec. 13.
However, a high-profile hiccup occurred on Sunday.
What was supposed to be a $100 rebuy satellite devolved into a confused mess as payouts in the client didn't match those posted in the tournament description. Eventual winner Eric 'basebaldy' Baldwin, who plays as 'circleball' on the site, then became embroiled in a brief dispute that was, thankfully, resolved in fairly short order.
Read on to see what happened.
Winner-Take-All?
The $100 rebuy plus add-on tournament drew 97 entries, with those players then blasting in 93 rebuys and 59 add-ons to create a prize pool of $22,659.
As the satellite was to an online flight, no expenses were being awarded, so the winners would earn a $10,000 seat, as stated in the event's description. Additionally, each seat was must-play. That would mean an intuitive breakdown of the prize pool would be as follows:
Place | Prize |
---|---|
First | $10,000 WSOP Main Event entry |
Second | $10,000 WSOP Main Event entry |
Third | $2,659 |
Instead, the payout table in the client listed the prize pool as winner-take-all, as shown in Baldwin's initial tweet querying the WSOP about the prize distribution:
@WSOPcom how will this tournament be paid out? time sensitive. https://t.co/Fh6WsgwnBf
— Eric Baldwin (@basebaldy)Nobody from the WSOP responded publicly to Baldwin's inquiry, and the tournament evidently played out with the posted payout.
Baldwin's Winnings Confiscated
Baldwin wound up shipping it and collecting the entire prize pool. The $22,659 was apparently paid out in dollars to his account with no seat awarded, according to a follow-up tweet from Baldwin.
More interestingly, that tweet showed a message from the WSOP explaining that because of the erroneous payouts, Baldwin's account had been docked the entire first-place prize, with the seat awarded in its place.
@WSOP do you guys stand by this as a response? https://t.co/QmyJhN7P6Dhttps://t.co/gmvkye2wfY
2017 Wsop Main Event Payouts
— Eric Baldwin (@basebaldy)Poker Twitter Outraged
Of course, the entire tournament had been played out with the players clearly able to see the prize pool listed in the client. Therefore, they had presumably tailored their strategy with the idea that all of the prize money was earmarked for the winner.
Had they known the prize money was going to be distributed in the intuitive fashion listed above, they'd have significantly changed their strategy. Rather than a massive bubble between first and second, there would have been a large bubble between second and third, with a smaller one between third and fourth.
As it was, they'd have assumed there was no difference between finishing third and fourth and therefore played far more aggressively at that point of the tournament.
Many prominent players took to Twitter to express their outrage. Jason Koon called confiscating the funds 'absolute robbery' and top New Jersey regDan Lupo called the response 'all-around terrible.' Ryan LaPlante said anything less than a full payout to Baldwin was 'absurd.'
How Does Wsop Payout Work
Katie Stone summed up many players' feelings on the matter:
The site made a mistake. When a site makes a mistake, the players should not pay the price. Taking money out of a p… https://t.co/yUwGeuKwso
— Katie Stone (@KatieStonePoker)WSOP Settles Matter Privately
PokerNews reached out to a WSOP.com representative on Tuesday to request a statement on the matter but did not receive one.
Some players suggested getting the Nevada Gaming Control Board involved. In at least one high-profile recent case, they'd ruled in a group of players' favor in a dispute over a bad beat jackpot, so it may have been a good option for Baldwin.
However, that proved unnecessary.
In a Wednesday call, Baldwin and WSOP reps apparently came to an amicable resolution. Payouts for the event were retroactively changed to fit the original intent of the tournament, awarding two $10K seats with the leftover cash going to the third-place finisher.
Wsop Payout Percentages
Baldwin, meanwhile, received 'additional compensation' that he said he was 'more than happy with.'
Wsop Log In Issues
In the end, if Baldwin feels he was adequately compensated, the matter appeals settled, and he made sure to thank the WSOP and the poker community for their efforts in helping him get things settled.
Wsop Payout Percentages
Thank you to everyone who is passionate about the health and growth of poker. It is my honest opinion that there a… https://t.co/tU1f8TXO9c
Wsop Payout Structure
— Eric Baldwin (@basebaldy)Tags
WSOPEric 'basebaldy' BaldwinOnline PokerPoker TournamentsRelated Tournaments
World Series of Poker