The Player of the Year award (POY) was introduced in 2004 with the WSOP. The player who accumulated probably the most points on the WSOP Events inside given year wins the award. Every cashed player accumulates points on all tournaments and with the end these, points are summed up along with the one with one of the most points wins the award. The first place gets 100 points, the next 75 along with the third 60 and so on.