Re-buys at the Rio

The first Tuesday of the 2008 World Series of Poker will also be the first day that the cry "Re-buy!" will be heard across the tournament floor. It's Event #5, $1,000 No-Limit Hold'em w/ Rebuys, a popular yet fun event that may see some of the deepest-bankrolled pros purchase chips a dozen or more times in their quest to build a early edge. It doesn't take a mass of re-buys to win, the event, however. Just ask Michael Chu, who captured the bracelet in this event and managed to do so without making a single re-buy. Chu's win over an 814-player field in 2007 was worth $585,774.

While "crazed" may not adequately describe the early action, there's plenty here for fans to enjoy. Play gets underway at noon in the Amazon Room. Check in with us here at PokerNews.com for the latest updates!