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Welcome to Day 1 of Event #50: $5,000 Triple-Chance No-Limit Hold’em Championship!
Welcome back to the Pavilion Room at the Rio in Las Vegas!
Today, competitors will be playing Event #50, the $5,000 No-Limit Triple Chance Tournament. In a "Triple Chance" tournament format, each player will be given 5,000 chips and two "rebuy lammers" that are individually worth 5,000 chips. Each player has to decide when to use these rebuy lammers for themselves as they can be traded in before any hand through the first four levels. At that time, they will be automatically traded in if they have not yet been used. Some players will use the lammers before the very first hand to give themselves a head start right away while others will save them for a rebuy if they find themselves without chips.
Last year, the $3,000 Triple Chance tournament brought out 965 runners and saw Ryan Welch take down his first bracelet. With the win, Welch took home more than $550,000 and a ton of respect from the poker community for winning such a large and strategic tournament. Previously this year, Event #12 was a $1,500 Triple-Chance No-Limit Hold’em tournament and drew a field of 1,340 players. In the end, David Diaz took it down to win his very first gold bracelet and $352,808. When asked if he expected to win, he said, “Actually, I expected to win two. I don’t know why but I just did.” Maybe this tournament is his chance as he has already proven he knows what it takes to win in the Triple-Chance format.
Today's action is set to kick off in about 15 minutes at 12 pm local time (GMT-7) and as always, PokerNews will be covering all of the action from start to finish.