World Series of Poker on a Budget: Rio Daily Deepstacks
The World Series of Poker is more than just a 62-event series. Over the seven-week poker festival in Las Vegas, the Rio All-Suite Hotel and Casino is also host to 24-hour cash games, single-table satellites, mega-satellites, and the ever-popular Daily Deepstacks tournaments.
The Daily Deepstacks were introduced in 2010 as a more affordable option for players looking to participate in the WSOP. Although no bracelets are up for grabs in these events, many consider them to be among the best value in Las Vegas, offering top prizes as high as $70,000 since the tournaments began three years ago.
This summer, Daily Deepstacks events will take place inside the massive Rio Pavilion (pictured above) and the Rio Convention Center every day at 3 p.m., 6 p.m., and 10 p.m. from May 29 through July 12. The tournaments will feature 30-minute levels with 25/50 blinds to start and unlimited re-entries through the fourth level. The 3 p.m. events (changed from 2 p.m. last year) are a $235 buy-in with 15,000 starting chips; the 6 p.m. events are $185 buy-in with 10,000 starting chips; and the 10 p.m. events are $135 with 5,000 starting chips.
The Daily Deepstacks certainly live up to their name and allow for a lot of play early on, but the blinds catch up quickly near the money bubble. By the time players reach the final table early in the morning, most stacks are short and the tournament turns into a shove-fest, resulting in a lot of deal-making.
Last year’s $235 buy-in event kicked off with a field of 290, and within a week the field grew to 700. It eclipsed 1,000 players on June 11 and peaked at 1,711 on July 2 before falling off during the WSOP Main Event.
Here's a look at some of the numbers from the 2012 Daily Deepstacks events at the Rio:
$235 Afternoon Deepstacks Event (2 p.m.)
Average field: 977
Largest field: 1,711
Average first-place payout: $38,526
Largest first-place payout: $61,796
$185 Evening Deepstacks Event (6 p.m.)
Average field: 323
Largest field: 904
Average first-place payout: $11,470
Largest first-place payout: $27,533
$135 Late-Night Deepstacks Event (10 p.m.)
Average field: 150
Largest field: 261
Average first-place payout: $4,077
Largest first-place payout: $6,732
WSOP Daily Deepstacks have proven in the past to be a great way to build a bankroll and ignite your poker career. Last year, for example, Nick Jivkov landed in Vegas on May 29 and later that day won the $235 Daily Deepstack event for $21,200. The following day, he used some of his winnings to enter the $1,500 Pot-Limit Hold'em event and went on to win his first WSOP bracelet along with $189,818.
The fields are loaded with pros and novices, and you may even see some world champions enter the mix during the summer. Chris Moneymaker and Greg Raymer both took part in Daily Deepstacks $235 events last summer, and Raymer even made a deep run in one, finishing 31st for $836.
Registration for the Daily Deepstacks can be found inside the Pavilion Room where you will need your Total Rewards Player Card to sign up for an event. For more information, visit WSOP.com.
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