It’s Day 1 of Event #22: Ladies No-Limit Hold'em Championship. The tournament will begin today on October 11th at 11 a.m. and will be held at the Rio All-Suite Hotel and Casino. This tournament technically has a buy-in of $10,000 but female participants are given a ladies discounted price of a $1,000 buy-in.
The World Series of Poker ladies championship was first held in 1977. It was originally a 7-card Stud event with a buy-in of $100. There were only 93 women to enter with a resulting first-place prize of $5,580. Jackie McDaniels won the event and she become the first woman to win a WSOP gold bracelet.
In 2013, Ceasar’s Entertainment announced that men would be allowed to play the tournament to ensure that the ladies championship could continue while complying with the all-gender discrimination laws in the state of Nevada. In order to keep the playing field predominantly women, male participants are required to pay a $10,000 entry fee, as opposed to the female entry fee of $1,000. That is why it was named the “$10,000 Ladies No-Limit Hold’em Championship.” It is unusual that a man enters but it has happened. In 2011, a man actually made the final table finishing in 9th place, which was not well-received by the female poker community.
The ladies championship was last held in 2019. South Korea’s Jiyoung Kim bested a field size of 968 participants which created a prize pool of $871,200. Kim took home the first-place prize of $167,308 and her first WSOP gold bracelet.
The event is scheduled to take place over 4 days with 1 starting flight. On Day 1 each entrant will begin with 20,000 in chips or 200 big blinds. They will play 10 levels with a duration of 60 minutes. There will be a 20-minute break every 2 levels. After level 6 (≈ 5:40 p.m.) there will be a 75-min dinner break. Late registration will end after level 8 (≈ 9:15 p.m). Every player is allowed one re-entry.
The final table is set to premiere on PokerGo. The stream is scheduled for October 14th at 5 p.m.
Be sure to follow along as the PokerNews live reporting team will be bringing you all the action.