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2005 WSOP Event #7: $1,000 No Limit Holdem Re-buy Event

, 2005-06-13, by TwoGun

Submitted by: Ozone

A re-buy event allows players to buy back into the event if they deplete their stack during the early stages of the tournament. This year, there were 1,495 rebuys in a recent WSOP re-buy event, which means quite a few of the 826 entrants were dipping into their pockets rather often to continue playing in this tournament.

In 2004, Daniel Negreanu set what some would consider being a shameful record by making a whopping 27 rebuys in this event. Negreanu must have known what he was doing because he went on to finish 3rd earning over $100,000. This year, Negreanu was a little quieter, and failed to make the money.

Seventy-two other players did, though. On top of them all, 24 year old Maciek "Michael" Gracz walked away with a shiny gold bracelet on his wrist and an extra $594,460 to his name. Gracz recently gained some notoriety after winning the Party Poker Million IV tournament, earning himself a 1.5 million first-place prize.

He continued his hot streak by winning his first WSOP bracelet in Event #7. After losing to Gracz heads up in an astonishing three-hour battle, Cheung Tai (CT) Law earned $311,555 for his efforts. Other well known players David "the Dragon" Pham and Phil Gordon finished 4th and 8th respectively. Former bracelet winner Meng La was the first player knocked off the final table, and he earned $44,035 for his 9th place effort.

Female poker superstars Annie Duke (32nd - $7,705) and Jennifer Harman-Traniello (49th - $5,285) both finished in the money. The 2004 WSOP Main Event runner-up, David Williams, also cashed after being knocked out in 34th place.

More details can be found at the website.

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