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World Series of Poker: History

When you hear the term, the World Series would put up that much money (5 of the 6
of Poker, most people today think about eventually won a World Series title). And
ESPN coverage and thousands of people all again, Johnny Moss was victorious.
laying down $10,000 to become the next Through the years men became relatively
poker millionaire. The top players are famous by winning the title. Amarillo
cult icons and have turned their fame Slim Preston won in 1972. Doyle Brunson
into small fortunes, hocking chip sets, won in 1976 and 1977. Stu Ungar won in
instructional videos, books, video games, 1980, 1981, and later in 1997. And Johnny
and websites. But it hasn't always been Chan won back to back in 1987 and 1988.
that way. Chan was later immortalized in the movie
The idea for the World Series began in Rounders.
the summer of 1949 when Nicholas "Nick The size of the tournament changed
the Greek" Dandolos approached Binion's dramatically a couple of times. One
Horseshoe owner Benny Binion to set up a addition that Binion created was a
match between Dandolos and the legendary satellite tournament. These were
Texas road gambler, Johnny Moss. Binion tournaments set up so that players who
did so with the stipulation that the game didn't want to put down the full $10,000
would be played in public view. buy in, could put up $1000 and play with
Crowds gathered at Binion's Horseshoe to a smaller tournament with 9 other players
watch this marathon contest that lasted with the winner gaining an entry into the
five months with breaks only for sleep. Main Event. This satellite concept
Moss ultimately won an estimated $2 quickly spawned many more entrants and
million. When "The Greek" lost his last other similar ideas (such as larger
pot, he arose from his chair, bowed satellites with an even smaller buy in)
slightly, and uttered the now-famous grew around them.
words, "Mr. Moss, I have to let you go." In 2003, the World Series of Poker took a
Binion, always a promoter at heart, noted turn. The World Poker Tour had exploded
that the public had gathered outside the and ESPN decided to televise the entire
casino each day to watch the game with main event with hole card cams to give
the fervor of dedicated sports fans, and the viewers a look into the mind of the
he was amazed at the attention the event great players. And an unknown with a
had attracted. perfect name came out on top. Chris
However, it wasn't until 1970 that Binion Moneymaker turned the poker world upside
decided to re-create this excitement and down with his victory over the greats of
stage a battle of poker giants - dubbed the game. And the poker phenomenon was
the "World Series of Poker" - to born.
determine who would be worthy of the In the last few years, many of these
title "World Champion." He sent word out satellites have begun to take place
to find the best poker players in the online. The boom of this online satellite
country and 38 top pros showed up. They system has been a key driver in the
played for several days mixing different expansion of the WSOP and other poker
games. In the end, the decision was events. Combined with the Moneymaker win,
democratic in that the champion was the size of the main event has gone from
decided by popular vote. After the first 613 in 2002 to 5619 in 2005.
vote when each gambler voted for himself, Today, the legacy Benny Binion left the
Binion changed the rules so that no man poker community ranks as the oldest,
could vote for himself. Naturally Johnny largest, and most prestigious gambling
Moss came out on top. Thus the WSOP was competition in the world. In 2005, with
born. 5619 entrants, $7.5 million for first,
It wasn't until 1971 that the tournament and players from around the world, the
structure was born. Binion created the WSOP has grown from a small gambling
freeze out structure where everyone would convention to an international sporting
play until one man had all the chips event.
after each put up $10,000. Only 6 men




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