Welcome to Event #12: $1,500 Triple Chance No-Limit Hold'em
![[user75311]](/img/avatars/avatar.svg){kind=avatar}
Welcome back to the Pavilion Room at the Rio in Las Vegas!
Today we have scheduled Event 12, the $1,500 No-Limit Triple Chance Tournament, to start at noon local time. In a "Triple Chance" tournament format, each player will be given 1,500 chips and two "rebuy lammers" that are worth 1,500 chips each. Each player has to decide when to use these rebuy lammers for themselves as they can be traded in before any hand through the first four levels. At the end of the fourth level they will be automatically traded in if they have not yet been used. Some players will use the lammers before the very first hand to give themselves a head start right away while others will save them for a rebuy if they get coolered or make a bad decision early.
Last year, the $3,000 Triple Chance tournament brought out 965 runners and saw Ryan Welch take down his first bracelet. With the win, Welch took home more than $550,000 and a ton of respect from the poker community for winning such a large and strategic tournament.
Today's action is set to kick off in about 15 minutes at 12 pm local time (GMT-7) and as always, PokerNews will be covering all of the action from start to finish. If the field sizes and star-power through the first eleven events this year are any indication of what this tournament has in store for us, you definitely won't want to miss it!