WSOP revamps POY formula
In a decision that should appease Kid Poker, the World Series of Poker (WSOP) has made changes to how Player of the Year (POY) points are accumulated starting this year. Negreanu is among several players that complained about the system being "profoundly flawed" after the WSOP took over the system from Bluff and the Global Poker Index.
The new system is based somewhat on the WSOP Circuit points system. Last year, points were awarded using a formula that was deemed unfair due to the ratio of points awarded for a minimum cash compared to those awarded for a win. The ratio was as little as 3.25 to 1 or as much as 8.16 to 1. Starting with this year’s WSOP, the ratio will be a consistent 20 to 1.
Crunching numbers on the difference between the two calculations shows that, even under the new system, Chris Ferguson would have still won the POY award. Ferguson won after accumulating 3,309 points from 23 cashes. His major winnings included one bracelet, one second-place finish and one final table appearance.
The POY race this year will include the WSOP event at the Rio All-Suite hotel in Vegas, scheduled for May 29 through July 17. It will also include the WSOP Europe tournament to be held at King’s Casino in the Czech Republic from October 11 through November 2.
Where an event includes multiple flights, which could allow for someone to reach the cash, bust and then re-buy, points will only be awarded once per event. Heads-up and shootout events will award players eliminated in the same round the same number of points, which is based on an average of the points that could have been earned for a regular event.