EPT London Day 1A: Adjusted for inflation

EPT London is nine years old and we have had eight different winners of the eight tournaments here so far. (Of course, every EPT main event has been won by someone different, so this is not exactly unique.)

The amount of money they have won has also differed wildly. In 2004, during season one, John Shipley won £200,000 for his victory. But in 2011, the same title was worth nearly four times as much. Benny Spindler took £750,000 for his pillar-to-post success.

Field sizes have grown during that period, of course, and buy-ins are also significantly altered. But much as we'd like to think the poker world exists solely inside one big bubble, there have been some changes in the outside world as well. Inflation means that money doesn't go so far these days as it used to.

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Does Michael Martin's win stand up against Joseph Mouawad's?

We ran all the EPT buy ins and first prizes through an inflation calculator to see how much each of the players would have won if that precise tournament was happening now.

In a mathematical frame of mind, we also then took a look at the international exchange rates at the time of those tournaments to assess how much money, in US dollars, their GPB prizes were worth. It explains one thing at least: Joseph Mouawad has probably high-tailed it to the United States with his massive purse from season four; he won his EPT London when the exchange rate was at its most favourable.

Indeed, if Mouawad had just exchanged his pounds for dollars immediately after winning them, his prize of £611,500 would have been worth more than $1.4m. It means he won more than anybody except Michael Martin (in season five) and David Vamplew (in season seven).

Here are the full figures for EPT London over the years:

Season 1
Winner: John Shipley
Date: Oct 2004
Buy in: £3,000
Prize: £200,000

Adjusted for inflation:
Buy in: £3,720
Prize: £248,000

US Dollar amount (1.793): $444,664

Season 2
Winner: Mark Teltscher
Date: Oct 2005
Buy in: £3,000
Prize: £280,000

Adjusted for inflation
Buy in: £3,600
Prize: £336,000

US Dollar amount (1.765): $593,040

Season 3
Winner: Vicky Coren
Date: Sept 2006
Buy in: £3,500
Prize: £500,000

Adjusted for inflation
Buy in: £4,095
Prize: £585,000

US Dollar amount (1.901): $950,500

Season 4
Winner: Joseph Mouawad
Date: Sep 2007
Buy in: £5,200
Prize: £611,500

Adjusted for inflation
Buy in: £5,876
Prize: £690,995

US Dollar amount (2.039): £1,408,938

Season 5
Winner: Michael Martin
Date: Sept 2008
Buy in: £5,200
Prize: £1,000,000

Adjusted for inflation
Buy in: £5,616
Prize: £1,080,000

US Dollar amount (1.775): $1,775,000

Season 6
Winner: Aaron Gustavson
Date: Oct 2009

Buy in: £5,250
Prize: £850,000

Adjusted for inflation
Buy in: £5,460
Prize: £884,000

US Dollar (1.598): $1,358,300

Season 7
Winner: David Vamplew
Date: Oct 2010
Buy in: £5,250
Prize: £900,000

Adjusted for inflation
Buy in: £5,512.50
Prize: £945,000

US Dollar amount (1.582): $1,423,800

Season 8
Winner: Benny Spindler
Date: Oct 2011
Buy in: £5,250
Prize: £750,000

US Dollar amount (1.540): $1,115,000

*****

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Howard Swains
@howardswains in European Poker Tour