We're at the Golden Nugget in downtown Las Vegas, Nevada, home of High Stakes Poker. Today it's also home to team-style poker as it plays host for the inaugural event of World Team Poker.

World Team Poker bills itself as an exciting and unique new style of poker, with teams competing against each other for a substantial prize pool. Coaching and substitutions are allowed and encouraged.

How exactly does World Team Poker work? Eight teams will represent their home countries in a unique double shootout tournament. One player from each team will be seated at each of the five tables in play. The top two players from each table will advance to the final table. If any country has more than one player that advance to the final table, the chips of each winner will be consolidated into one stack and then the team may choose which of the winners will advance to the final table.

The event has attracted the best of the best in poker, each playing for country pride and for their share of a $400,000 prize pool. How about a quick look at each team?

Team USA: Doyle Brunson (captain), Phil Hellmuth, Erik Seidel, Chris Ferguson, Jennifer Harman, Howard Lederer, Mike Matusow

Team England: Ben Roberts (captain), Joe Beevers, David "Devilfish" Ulliot, David Colclough, Peter Costa, Surinder Sunar

Team Brazil: Juliano Maesano (captain), Christian Kruel, Leandro "Brasa" Pimentel, Rodrigo "Zidane" Caprioli, Felipe "Mojave" Ramos

Team China: Johnny Chan (co-captain), David Chiu (co-captain), Maria Ho, Rich Zhu, Chau Giang, Winfred Yu, Derek Cheung

Team Australia: Tony G (co-captain), Jeffrey Lisandro (co-captain), Gary Benson, Mel Judah, David Saab, Steve Topakas, Marsha Waggoner

Team Greece: George Theofanopoulos (captain), Georgios Kapalas (co-captain), Alex Zervos, Stavros "IDOLLS" Kalfas, Dimitris Lyritsis, Dimitris "lentis" Chatziriotis

Team Israel: Eli Elezra (captain), Josh Arieh, David Levi, Robert Mizrachi, Michael Mizrachi, Abe Mosseri

Team Vietnam: Men Nguyen (captain), Van Nguyen, Scotty Nguyen, John Phan, Kenny Tran, Karina Jett

Last night at the press conference and party, Tony G declared Team Australia the underdogs. While it's true that this is a tough field, we're sure that Team Australia's formidable line-up will be able to hold its own -- even despite the fact that one of their top weapons (David Saab's table banter) is out of commission today due to a case of laryngitis.

This is a television production (to be broadcast on FSN in the United States) and, as is typical with television productions, is running behind schedule. Play was slated to begin at noon local time, about fifty minutes ago. It's clear that we're nowhere near starting any time soon. Our best guess right now is that play might be underway by 1:30pm.

We'll be here biding our time until then. Once play starts, keep your browser pointed to PokerNews.com for live updates throughout the day of what is sure to be a very, very fun event.

Tags: Tony GWorld Team Poker