WSOP Bracelet

Pardon my ignorance but I'd like to know how players get a WSOP bracelet. I've looked on WSOP and Wikipedia and they don't mention how it is earned. Remember that here in Thailand we don't get any American TV shows, so I've never seen any poker shows.

Winning an event at the WSOP.

Khup khun krap! (Thank you in Thai)

I'd like to know how much they are worth - and I don't mean in terms of emotional significance.