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Perhaps Phil Hellmuth isn’t as bad as he’s cracked up to be. On December 17, Hellmuth will host Hellmuth’s Hold’em, a benefit tournament for Agrace HospiceCare, in Madison, Wisconsin. In addition to the tournament, the event will include a raffle and a silent auction. Some of the prizes to be given away in the raffle include a 2012 Honda CR-V LX and a seat in next year’s WSOP Main Event. 100% of proceeds will go to charity.

Agrace HospiceCare is a nationally-recognized, community-based hospice center devoted to supporting patients with severe chronic conditions. The facility offers assisted living and nursing programs throughout southern Wisconsin.

The event will feature a number of professional poker players and celebrities in addition to the general public. Just a few of the slated poker pros include Eric Baldwin, Tony Nardi, Dewey Weum and Annette Obrestad. Some of the celebs include Derek Engler of NFL fame, pro golfer Jerry Kelly, Olympic athletes Mark Johnson and Casey FitzRandolph, various local news anchors and Paul Soglin, the mayor of Madison.

This is actually the second time the benefit event has been held. Last year, 240 players gathered to raise $140,000 for Agrace HospiceCare. Joe Anderson won the seat to the 2011 WSOP Main Event, while Art Luetke secured a 2-year lease on a Honda Accord LX. Mark Kroon won the tournament portion of the event.

The minimum buy-in to the event is $300, which includes entry to the tournament as well as VIP access, entertainment and food. It’s also possible to enter for $100, which includes the aforementioned amenities minus entrance to the tournament and VIP access. Organizers are expecting up to 432 participants this year, which will be spread across 48 nine-handed tables.