Who Will Become the Omaha Eight-or-Better Champion?

Welcome back to the fabulous Rio All-Suite Hotel and Casino in Las Vegas, for continued coverage of the 2012 World Series of Poker. Tonight will see the beginning of Event 58: $3,000 Pot-Limit Omaha Hi-Low Split 8-or-better.

Last year this event was a slightly higher buy-in at $5,000 and it was Nick Binger who finished in first place. Binger defeated a field of 352 players to claim the $397,073 prize and of course, the WSOP gold bracelet.

With the reduced buy-in, we are expecting this year's field to rival last year's and most likely exceed it. However, it must be taken into account that many players who would usually play in this event will be busy at the tables in Event 57: $10,000 No-Limit Hold'em Six-Handed, which started earlier today. With that being said, many of the late afternoon bust outs from event 57 will most likely make their way into this event. Either way, it's going to be a start studded field and a very exciting night of poker.

All the action is set to kick off at 5:00 PM and PokerNews will be here to provide all the live updates, so don't miss it. Also, don't forget that the historic $1,000,000 Big One for One Drop is getting ever-closer to its conclusion. What a huge night of poker ahead!