In the summer of 1949, as the story
goes, inveterate gambler Nicholas 'Nick the Greek' Dandolos approached
Benny Binion with an unusual request-to challenge the best in
a high-stakes poker marathon. Binion agreed to set up a match
between Dandolos and the legendary Johnny Moss, with the stipulation
that the game be played in public view. During the course of the
marathon, which lasted five months with breaks only for sleep,
the two men played every form of poker imaginable.
Moss ultimately won 'the biggest game in town' and an estimated
$2 million.
When the Greek lost his last pot,
he arose from his chair, bowed slightly, and uttered the now-famous
words, 'Mr. Moss, I have to let you go.' Dandolos then went upstairs
to bed. 1970 It wasn't until 1970 that Binion decided to re-create
this excitement and stage a battle of poker giants--dubbed the
'World Series Of Poker'--to determine who would be worthy of the
title 'World Champion.' Some of the best players in the country
were assembled, and Johnny Moss came out on top.
The decision was democratic in that the champion
was decided by popular vote. 1971 The tournament winner was now
determined by a freezeout competition, with players being systematically
eliminated until one player had all the chips. Johnny Moss again
was declared the World Champion.
1972 A new champion arose - Thomas 'Amarillo Slim'
Preston. After the poker tournament online, he went on the talk-show
circuit, which gave the WSOP more exposure and wider following.
Early 1980's With the introduction of preliminary 'satellite'
competitions with lower buy-ins, Binion's prophesy came into fruition
and the popularity of the World Series soared. In 1982, the tourna
ment had 52 entries.
Five years later, there were 2,141 entries and
the 2002 event had 7,595 participants. The prize money increased
from $7,769,000 a decade ago to a staggering $19,599,230 in 2002!
1989 On Christmas Day, Benny Binion passes away. 2002 The event
draws 7,595 participants, and the prize money increased from $7,769,000
a decade ago to a staggering $19,599,230. You could be one of
the players who can win awsome prizes by being a part of this
mega event.
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