Poker Strategy - Poker Tournaments Overview Tournament poker is one of the worlds hottest fads. While poker has been consistently played for over 100 years, the tournament circuit is still a relatively new thing. In 1972, the grand prize at the World Series of Poker (a $10k buyin) was only $80,000. In 2003, Chris Moneymaker took home a cool $2.5 million. The reason for this drastic increase in prize money is the number of players that have entered tournaments. In 1972, only 8 players entered the... read more