The bets add new excitement to the annual tournament series held at the Rio All-Suite Hotel & Casino, and give entrants the possibility of betting on themselves. According to Wynn Race and Sports Director Johnny Avello, Nevada regulators approved the wagers on Tuesday after several weeks working on a series of rules to prevent players from having a significant edge on bets. Avello said the bets on the WSOP have been well received among bettors, and that he’d accept up to $10,000 wagers.
Wynn Las Vegas has a wide range of bets and props available for the WSOP Main Event, like whether a woman will finish in the top 40th positions, and whether poker legends Johnny Chan, Allen Cunningham or Erik Seidel will cash out in the event.
The bets follow new Nevada gambling regulations approved in January that give casinos the possibility of taking bets on popular events like the Academy Awards, beauty pageants and Reality TV shows if wagers can win approval under strict rules.
Nevada Gaming Control Board Enforcement Chief Jerry Markling told The Associated Press the Gaming Control Board is expecting more inquiries, but had none pending at the moment. He said a casino applied earlier this year for permission to take bets on Fox’s hit singing competition, “American Idol,” but regulators didn’t have enough time to research if the competition complies with all the requirements to approve wagering.