Quote Originally Posted by sickread23 View Post
No I think you are mostly correct about the backing. However, guys like Dwan, Ivey, and even the amateurs like the founder of Cirque du Soleil will definitely be buying in with their own money. Even guys like Justin Smith may even buy in for most if not all with their own money.
Dwan, Ivey and amateurs and even business owners playing in it are not paying the full 1 million buy in. I guarantee dwan and ivey have sponsors and sold action around the MTT poker community. And why the hell would amateurs be sticking a million dollars without selling action when pros are playing for 10%... that would absolutely be the dumb and a waste of 1 million dollars.

Now big time business players are probably putting in close to the million but use some logic and think what they get out of doing this. They receive a HUGE tax write off, they are donating money to charity, plus they get free advertisement throughout vegas, the wsj, and poker communities across the world.