Welcome back to the 2011 World Series of Poker!

Today marks the beginning of Event #11: $10,000 Omaha Hi-Low Split-8 or Better Championship - the third "Championship" event of the series. Last year's winner was Sammy Farha ($488,237). He defeated James "Flushy" Dempsey ($301,790) heads up for the bracelet - his third, and his first since 2006.

The field is sure to be filled with poker's elite, including recent bracelet winner Eugene Katchalov, who finished seventh last year, and Jason Mercier, who has already busted from two tournaments today.

Card will be in the air at 5 p.m. PST - roughly 20 minutes away - so stay tuned to PokerNews for all of your up-to-the-second updates.