Here's how H.O.R.S.E. is going to work. Eight hands of each game (hold'em, Omaha, etc.) will be dealt at each table before moving on the the next one in the rotation. Betting limits will go up after a full rotation of all five games is complete.
So, we'll begin with eight hands of limit hold'em with 75-150 blinds and betting limits of 150-300 before moving on to eight hands of Omaha 8-or-better, followed by eight hands each of razz, stud, and stud 8-or-better with a 25 ante, a 50 bring-in, and betting limits of 150-300.
Each "level" encompasses a full rotation of all five games and there will be a break every 100 minutes, regardless of what game players are on.
After a short rules introduction by Jack Effel, the WSOP commissioner Jeffrey Pollack spoke for a bit. He welcomed everyone to the inaugural event of the WSOP-Europe. He mentioned, "You are all a part of history!"
It's a glorious day in Central London and the Empire Casino is a fabulous place to play poker. The decor is very Bond-esque and a lot of the players are dressed fittingly.
I've just spotted Phil Hellmuth signing autographs in the lobby.