Games - World Series of Poker

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	Games - World Series of Poker

The World Series of Poker is the most prestigious set of poker tournaments in the world.

Origins

The original World Series of Poker was started by Tom Morehead of the Riverside casino in Reno and was an invitational event. The set of tournaments the World Series of Poker (WSOP) would evolve to was the brainchild of Las Vegas legend, casino owner, and poker player Benny Binion as well as his two sons Jack and Ted.

The Binion family not only nurtured the WSOP, but poker in general. Prior to the 1970s, poker was not found at many casinos because of the difficulty of keeping cheaters out. Through better security techniques as well as the Binion's tireless promotion through events like the WSOP, poker became a very popular game.

In 1970 the first WSOP at Binion's Horseshoe took place with seven players. The winner, Johnny Moss was elected by his peers as the first World Champion of Poker and received a silver cup as a prize.

Evolution

From 1971 on, all WSOP events have been tournaments with cash prizes. In 1973 a new event, Five-card stud, was added to the main event of no limit Texas Hold 'em. Since then new events have been added and removed. In 2006 there will be 42 events at the WSOP, covering the majority of poker variants. Currently, Texas Hold 'Em, Omaha hold 'em and Seven-card stud and it's lowball variants (if any) are played. H.O.R.S.E has been played in the past and is returning in 2006. Also, S.H.O.E (Stud, Hold'em, Omaha and Eight or Better) has been played in the past along with Chinese poker, Five card stud and many others. Event winners get, in addition to their prize money, a coveted gold bracelet.

Doyle "Texas Dolly" Brunson and Johnny "Oriental Express" Chan have each won ten bracelets, while Phil Hellmuth has nine. Doyle's son, Todd Brunson, won a bracelet in a pot limit Omaha event in 2005, making them the first father/son combo to win at least one event at the WSOP. (See also World Series of Poker multiple bracelet winners.) Also, celebrities Patrick Bruel, Jan Sorensen and Jennifer Tilly have won WSOP bracelets in 1998, 2002 and 2005 respectively.

The number of participants in the WSOP has grown every year, and in recent years the growth has exploded. In 2000 there were 4,780 entrants in the various events, but in 2005, the number rose to over 23,000 players. In the main event alone, participants grew from 839 in 2003, to 2,576 in 2004, to 5,619 in 2005. For the 2006 main event, a cap of 8,000 players has been established. Much of this growth can be attributed to the WSOP airing on ESPN and the World Poker Tour being shown on the Travel Channel, along with other televised series, as well as the boom of online poker.

Like most tournaments, the sponsoring casino takes a "rake" (a percentage between 6%-10%, depending on the buy-in) and distributes the rest, hence the prize money increases with more players. In the 2005 main event $52,818,610 (US) in prize money was distributed, including a $7.5 million first prize. Subtracting the $10,000 buy-ins, over $47 million was won by 560 players in the event.

Harrah's Takes The Pot

In 2004, Harrah's Entertainment purchased Binion's Horseshoe, renaming it just "Binion's" and announced that the 2005 Series events would be held at the Harrah's-owned Rio Hotel and Casino, located just off the Las Vegas Strip, with the final two days of the main event held downtown at Binion's in celebration of the centennial of the founding of Las Vegas. It also added a made-for-television $2 million "freeroll" invitational "Tournament of Champions" (TOC) event won by Annie Duke as a "winner-take-all" event.

[ Visit the complete Wikipedia entry for World Series of Poker ]

Games - World Series of Poker

Origins

Evolution

Harrah's Takes The Pot

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