The PSP World Series of Poker League

Entirely optional - another side game for Pepper Street Poker!

In each tournament, players will have the option to participate in the PSP WSOP League and have a chance to win a seat in the World Series of Poker in the following year!

For every tournament we play, for only $5 you can purchase 1000 in chips for a WSOP Championship in January of 2012.

The winner of this Championship tournament wins the seat.

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You also can win bonus chips based on how high you finish in 2011 PSP tournaments.

For every cash, you earn chips.

1st Place - 3000 Chips.

2nd Place - 2000 Chips.

3rd Place - 1000 Chips.

All remaining paying spots - 1000 Chips.

This includes the "bubble" spot, where this year in addition to the regular pay out structure, the next highest finishing player recieves $40 from the first place money instead of the usual DVD. The DVD will instead go to the player who busts before the "bubble".

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Speaking of league participation - all players have the option of not doing so, but if anyone changes their mind later on, it is never too late to join in.

Even if January 2012 rolls around and you haven't contributed at all to the WSOP League prize pool, you can still buy into the freeroll championship for $110.   This will get you 1K in chips for every tournament you've played, plus bonus chips for every cash.  3K for 1st, 2K for 2nd and 1K for 3rd and lower.

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For 2012, the date of the WSOP Championship will be on Saturday night, January 14th, 2012 at 7pm. (As of Dec. 15 2011 this date is official).

The winner of this Championship is now guaranteed a $1500 seat in the WSOP.

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If our Championship winner, hereafter known as the REP, cashes in the WSOP, everyone who participated in the WSOP league in 2011 (all those who added to the Championship prize pool in 2011, wether or not they actually play in the Championship) gets a proportionate share of 40% of the winners earnings. Click here to see the details on profit sharing.

Any remaining cash up to $200 in the prize pool that does not add up to a $1000 seat, will be given to the REP to help offset travel and accommodation expenses. All remaining money that exceeds this amount (but does not add up to another seat) will be held over and put into next year's World Series of Poker League prize pool.


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And don't forget, even if you have zero interest in ever going to Vegas for the WSOP, it's still to your advantage to join in and try and win the seat - when you take down first place in the Championship, you have the option of passing your seat to the next highest finisher, hereafter known as the NEWREP.

When you choose this option, you (the OLDREP) are awarded a full 10% of the NEWREP. So if he or she cashes in the WSOP, you don't get a proportional slice of this cash drawn from 40%, but an entire 10% all to yourself! The NEWREP gets to play for 50% instead of 60%.

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REMEMBER:

AT NO TIME WILL PEPPER STREET POKER EVER IMPOSE A RAKE OR A FEE FOR POKER.

ANY PRIZE MONEY TEMPORARILY WITHHELD FROM ANY PARTICULAR PLAYER WILL ALWAYS REMAIN IN PLAY FOR SAID PLAYER - HE OR SHE WILL ALWAYS BE ELIGIBLE TO POTENTIALLY WIN BACK THAT MONEY. NO FURTHER PARTICIPATION IS EVER REQUIRED TO HAVE THIS WITHOLDING POTENTIALLY RETURNED.