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No chance for rebuys at 2009 WSOP
Despite massive fields, millions of dollars in prize money and a heated race for Player of the Year honors there is something missing from the world's biggest poker series.
There isn't a single rebuy event at the 2009 WSOP.
The closest thing to a rebuy event this year is the $3k Triple Chance No-Limit Hold'em event, which began Sunday with a field of more than 800 players.
Eliminating the rebuy tournaments has sparked much debate around the 2009 WSOP.
"They should have kept the rebuy events," said Mike Matusow, who didn't buy in for the Triple Chance event.
The Triple Chance format has been used before for Pot-Limit Omaha events but this event marks the first time it's been used for No-Limit Hold'em.
Players get 9,000 in chips total but can choose to access the chips in increments of 3,000 up until the cutoff point. Entrants are given an initial 3,000 chips and have two special rebuy chips that they can turn in at any time for an additional 3,000 per chip.
This format adds a new dimension of strategy, as players can choose to get all 9,000 chips right at the beginning, or sit at 3,000 and save the Triple Chance chips as protection against bad beats.
"It's a fun thing," said Daniel Negreanu during a break. "For one thing it adds skill to the event, because it offers people a chance to decide how they want to play their stacks, a little bit more like simulating the cash game in a sense."
"It's kind of a unique structure. We have so many events, 57 bracelet events, so it's kind of fun to throw one in there like that."
Negreanu was one of the biggest names to advocate the elimination of the rebuy events for 2009.
"I was a big proponent of getting rid of the rebuy events," Negreanu said. "For a world championship event, everyone should be on equal footing. Everyone in an event should have an equal chance based not on how rich they are."
The event has drawn an all-star lineup, including Erick Lindgren, who spent the afternoon multi-tabling between Triple Chance and $50k H.O.R.S.E.
Negreanu spoke out against the rebuy events before this year's WSOP, with the philosophy that players shouldn't be able to "buy" a bracelet by pouring big money into a rebuy events.
Matusow is amongst the contingent that disagrees.
"Not having the rebuy ruins some of the events," Matusow said.
The $3k Triple Chance No-Limit Hold'em event will continue for two more days culminating in a final table on Tuesday night that will award a WSOP bracelet.