Kicking off today from the Bicycle Casino in Los Angeles, California is the annual World Poker Tour (WPT) Legends of Poker. The $10,000 buy-in tournament will crown a champion on Wednesday.

Last time out, John “The Razor” Phan trumped online poker pro Amit “amak316” Makhija in the finale of the WPT Legends of Poker. A total of 373 players took to the felts and Phan walked away with a first place payday of $1.1 million. Zachary Clark earned $281,000 for his third place showing in a lively final table that also featured Paul Smith, Trong Nguyen, and Kyle Wilson. In 2007, “Action” Dan Harrington, a former World Series of Poker (WSOP) Main Event Champion, bested David “The Dragon” Pham heads-up to pocket $1.6 million. That year, 485 players took to the felts.

In 2006, Joe Pelton banked $1.6 million for his win in the Legends of Poker. He defeated Frankie O’Dell heads-up in a talented final table that also featured Hoyt Corkins, Kevin O’Donnell, Randy Holland, and WSOP Main Event winner Scotty Nguyen. A total of 466 runners took to the Bike’s felts three years ago and created a $4.5 million prize pool. In 2005, Alex Kahaner outlasted “Cowboy” Kenna James to earn $1.1 million. It marked the last year that the buy-in was only $5,000 and 839 players threw their hats into the ring. O’Donnell finished sixth in 2005 and Todd Phillips, who directed “Old School” and “The Hangover,” landed in fourth place, earning $250,000.

In 2004, Doyle Brunson showed that he is truly a legend of the game by taking down the marquee WPT tournament, outplaying Lee Watkinson heads-up. Brunson banked $1.2 million for his efforts and solidified his name as among the game’s best only one year after the Moneymaker Boom began. At the time, Watkinson was fresh off a runner-up finish in the Mirage Poker Showdown and earned $578,000 for his second place effort in Los Angeles.

During Season II of the WPT, Mel Judah defeated Paul Phillips in the Legends of Poker. Judah is a two-time WSOP bracelet winner and Phillips won the Bellagio Five Diamond World Poker Classic that season for $1.1 million. Also appearing at the final table were Poker Hall of Fame member T.J. Cloutier, Chip Jett, three-time bracelet winner Farzad Bonyadi, and Phil “The Unabomber” Laak. During the inaugural season of the WPT, Chris Karagulleyan, who outlasted a field of 134 players to pocket $258,000, won the Legends of Poker. Joining him at the final table were Hon Le, Stan Goldstein, Mark Seif, Can Kim Hua, and Kathy Liebert.

The action kicks off from the Bike’s brand new Events Center at 3:00pm PT on Saturday. Players will receive 30,000 in starting chips and blinds will kick off at 50/100. The price of poker increases every 90 minutes, with the six-handed final table panning out on Wednesday.

In the WPT’s last tournament, Team PokerStars Pro member Alexandre Gomes defeated a table full of internet superstars to earn $1.2 million in the Bellagio Cup V. Heads-up, Gomes trumped Faraz Jaka, who affectionately goes by the moniker “The-Toilet” online. Also appearing at the final table was Justin “Boosted J” Smith, who suffered an Achilles injury after celebrating a win in a hand. Newly-minted DoylesRoom pro Alec “traheho” Torelli, Christoffer Sonesson, and Full Tilt Poker pro Erik Seidel all joined them at the final table. The tournament is held annually near the conclusion of the WSOP Main Event, which is held down Flamingo Road at the Rio.

Recent news surrounding the WPT hasn’t been about the Legends of Poker. Instead, attention has been focused squarely on its sale, where news of a second buyer other than Gamynia Limited has emerged. Speculation on the alternate WPT bid has run rampant throughout the online poker community and additional information should be released in the near future.

Keep up to date on the 2009 WPT Legends of Poker right here on Poker News Daily.

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