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October 14, 2005

The Poker Craze

wsopchamp.jpg

I know I’m a tad behind the current events of it all, but with all the World Series of Poker (WSOP) Main Event reruns on ESPN lately, I figured it was time to comment on this latest phenomenon.

I have been playing Texas Hold ‘Em poker for a while now. Sad to say, it was probably the movie “Rounders” with Matt Damon and Ed Norton that got me hooked. That was 1998. The latest boom basically started when The Travel Channel started showing the Main Event, and then once ESPN picked it up it has just exploded.

For those of you who do not know, the WSOP Main Event is the granddaddy of them all. It started in 1970 when Benny Binion decided to create it on a hunch the public would come to watch. In 1972, there were seven players. A year later, 13. Binion saw the writing on the wall thinking it was going to grow and grow. I’m not sure he envisioned this kind of growth though.

In 2003 Chris Moneymaker was an unknown player who qualified via an Internet poker site and won the whole thing. There were a little more than 800 entries, and the prize was $2 million. I’m guessing this created a stir amongst “Joe Average” poker players since one of their own was able to pull it off. The very next year there were over 2400 entrants and a prize of $5 million to the winner. This year there were 5,619 entries with first place taking home $7.5 million. Not a bad payoff for a week’s worth of work.

If anyone has a spare ten grand lying around, please send it my way. That’s the entry fee for the Main Event and one day, mark my words, I will be in it.

G-Dawg Posted by G-Dawg on October 14, 2005 at 12:27 PM

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