WSOP Main Event on GGPoker appears headed for massive overlay

WSOP Online Main Event
Jon Sofen
Jon Sofen
Posted on: August 28, 2020 05:11 PDT

If you're outside the United States and have an extra $5,000 to spend, now might be a good time to register for the 2020 WSOP Online Main Event. Not only is the tournament's host, GGPoker, guaranteeing at least $25 million in prize pool money. It now appears the biggest event of the summer is destined to have an overlay potentially as high as $5 million.

The structure for this year's Main Event is drastically different compared to the previous 50 years, and not only because the 2020 version is being played online instead of at the casino in Las Vegas. Players can enter the $5,000 buy-in event up to three times during the 20 Day 1 starting flights.

But despite allowing multiple reentries, the online version of the Main Event is struggling to meet its lofty guarantee. With 15 starting flights in the books, the tournament has seen a total of 2,631 entries, which may seem like a huge amount, and it is. But with $25 million guaranteed, that's barely more than half of the prize pool ($13,155,000). And GGPoker only has five more starting flights to catch up or they'll be stuck covering potentially millions of dollars in overlay.

Two more sessions in the books

Day 1o and 1p are now in the books, making it 15 of the 20 Day 1 starting flights complete. On Day 1o, France's Thomas Eychenne finished the session with the largest stack (791,634). Later in the evening, on Day 1p, "stamina22," whose real name isn't publicly known, nearly hit the 1 million-chip mark, and bagged 994,190.