Tag: WSOP

In the first of a 10-part series, the Paul Phua Poker School looks at how the world’s biggest poker tournament began

The World Series of Poker (WSOP) has witnessed extraordinary dramas and created huge stars. In a 10-part mini-series, the Paul Phua Poker School picks 10 key events from the WSOP’s rich history, from Phil Hellmuth becoming world champion aged 24 to internet poker coming of age. We start with the humble origins of the WSOP, and how “the Grand Old Man of Poker” earned his name.

1970: the very first World Series of Poker

When you see the palatial ballrooms of the Rio casino in Las Vegas filled with hundreds of poker tables, and hear the constant clatter of chips filling the air, it’s hard to picture the World Series of Poker’s humble beginnings back in 1970. In those days, Binion’s Horseshoe Casino didn’t even have a poker room. But its publicity-savvy owner, Jack Binion, scented an opportunity when he saw the top poker players of the age gathered at a Texas Gamblers’ Reunion in 1969.
The next year, he invited them to play at Binion’s. Doyle “Texas Dolly” Brunson was there, along with Jack “Treetop” Straus, “Amarillo Slim” Preston, “Titanic” Thompson and “Puggy” Pearson. But there was no tournament, just several days of mixed cash games, after which they were all invited to choose the best all-round player. Legend has it that each man voted for himself! So Binion then asked them to vote for whoever they thought was second only to themselves: Johnny Moss was crowned champion.

Who was Johnny Moss?

Born in 1907, Johnny Moss had been gambling since he was a boy, and as a teenager was hired by a saloon in his hometown of Dallas, Texas to spot anyone trying to cheat. His legendary five-month heads-up poker marathon against Nick the Greek in 1949 – legendary, in that Moss told the story, but it has not been fully substantiated – was thrillingly documented in Al Alvarez’s classic book The Biggest Game in Town. It was no surprise that Johnny Moss could command the respect of his peers.

1971: the first World Series of Poker tournament

In 1971, after a Los Angeles Times reporter told Jack Binion that he needed more of a competition if he wanted press coverage, the World Series of Poker took on the format we would recognise today: a freezeout tournament. Seven players paid the $5,000 buy-in. Though the individual hands have not been documented, it is known that after two days Johnny Moss won fair and square.
“It does show we voted for the right guy,” said Doyle Brunson later.

The Grand Old Man of Poker

Earning the nickname “The Grand Old Man of Poker”, Moss played at every WSOP until the year of his death in 1995, aged 88, winning nine bracelets in all. In one of his final interviews, at a poker table in Binion’s that year, he said: “I’ve been playing since I was 10 years old. I guess I know what I’m doing by now.”

Who was Johnny Moss? Key facts

  • Born in 1907, Johnny Moss learned to gamble as a boy
  • Beat Nick the Greek for a rumoured $2m in a five-month heads-up poker marathon
  • Nicknamed “the Grand Old Man of Poker”
  • First World Series of Poker champion, and winner of nine WSOP bracelets

Come back tomorrow to read part 2 in our 10 part series on the World Series of Poker. Tomorrow we will revealing how the “Doyle Brunson hand” got its name.

With Liv Boeree and Igor Kurganov giving half their $274k WSOP win to the REG poker charity they co-founded, Paul Phua looks at a different kind of raising in poker – raising money for charity 

In Casino Royale, James Bond has to win a game of poker to save the world. In real life, poker players are also playing their part in saving the world – through charity poker tournaments.
At the World Series of Poker 2017, Liv Boeree and Igor Kurganov jointly won the $10,000 Tag Team Championship, taking down $273,964 in prize money. A nice twist to their joint victory is that the two players are partners in life as well as in poker. As they kissed for the cameras, it seemed a heart-warming instance of love conquering all. Even more touching, however, is that the power couple have pledged to donate half their WSOP winnings to charity.
Poker coach Doug Polk has also proven the worth of his own teachings by besting 130 players in the $111,111 buy-in High Roller for One Drop. It gives him his third WSOP bracelet, but it is also a big win for charity.

One Drop poker

One Drop was started in 2007 by Guy Laliberté, the founder of Cirque du Soleil and a keen poker player. The non-profit organisation aims to provide access to safe drinking water for all. When One Drop stages a poker tournament, 11% of the buy-in goes to worthy causes. Since these charity poker tournaments are played for the highest stakes, that can be a lot of money.
The last $1 million buy-in Big One for One Drop was in 2014. It made $4,666,662 for the charity – just from one poker tournament! That was won by my friend Dan Colman, whom I often play against in high-stakes cash games. (Watch the Paul Phua Poker School video profile on Dan Colman here, and his interview about online poker vs live poker here.)
I have played in several One Drop tournaments myself. I even won the Monte Carlo One Drop last year. Despite the €752,700 prize, I am still down overall, since the two times I have entered the Big One for One Drop cost $1 million each! But that is the beautiful thing about charity poker tournaments. Even when you lose, you feel like a winner. You just think of all the good that can be done with the money you have contributed. I donate to several worthy causes, but with charity poker tournaments I can pursue my favourite passion at the same time.

Other charity poker tournaments

Following in the giant footsteps of One Drop, a number of poker charities have sprung up. PokerStars has done its bit in the past, helping to raise half a million dollars for Hurricane Haiyan relief, amongst other causes. The World Poker Tour (WPT) has held numerous charity events, pulling in celebrity hosts such as Tiger Woods and Mel Gibson. The Charity Series of Poker raises money for a variety of good causes, and is backed by pros such as Mike Matusow, Greg Merson and Mike Mizrachi. The Triton Series, of which I have been a strong supporter since its inception, gives 100% of its profits to charity.
Returning to the WSOP’s tag team couple, Liv Boeree and Igor Kurganov, the $136,982 they are giving away will go to REG (Raising for Effective Giving). This is an organisation they co-founded which encourages poker players to donate 2% of everything they earn to charity. Ambassadors include John Juanda, Cate Hall and Erik Seidel.
Liv Boeree put it well at REG’s launch in 2014: “I’ve been playing poker for a long time and thankfully, I’ve been reasonably successful doing so. With that came a wealth of amazing opportunities the game has given me, from travel to experiences to meeting heroes from many industries. But at the same time I’ve become increasingly aware of a growing emptiness I’ve been feeling, and it’s one I’m not alone with – it’s the question of what we, as poker players, are actually contributing long-term to society.”

Fundraising through poker

Many professional poker players struggle: they overplay, they burn out. Sometimes they take a sabbatical from the game, go travelling, and return refreshed. But perhaps what some need instead is the sense of a noble purpose beyond their own self-interest.
So if you ever start to feel hollow inside as you sit at the poker table or computer screen, consider playing for some higher goal such as a charity. It might just save your game – and the world.
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[dt_sc_h2 class=’aligncenter’]Charity poker tournament organisers[/dt_sc_h2]
One Drop. One Drop poker tournaments donate 11% of the buy-in to the charity, and all players at the WSOP are encouraged to give 1% of earnings.
The Charity Series of Poker. Stages tournaments in aid of charities such as Three Square Food Bank and Habitat for Humanity.
World Poker Tour (WPT) Foundation. Hosts a series of ongoing philanthropic poker events under the title WPT Playing for a Better World.
Triton Series. Donates 100% of profits to charities including The Red Cross and Project Pink.
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With poker millionaires Charlie Carrel and “Xavi666” making headlines for their big wins, Paul Phua explains why it can take years to become an overnight success.

Two players deserve particular congratulations this week. One is a player from Panama known by his online name of “Xavi666”, who has just won over a million dollars in the PokerStars Guaranteed Sunday Million tournament. He is the 200th poker millionaire created on the online poker site.
The other is the personable young player Charlie Carrel. He proved a good ambassador for the game of poker when he was interviewed on a Channel 4 series in the UK called How’d You Get So Rich? It’s not often poker stories cross over to the mainstream media, but many national papers reported on the TV programme’s featurette on how Charlie Carrel turned his initial online stake of just £10 into £3 million.

The reason these stories have attracted so much attention is that they feed into a common dream about poker: that it’s an easy way to get rich quick.

The most famous example in poker history is when humble accountant Chris Moneymaker turned a $39 investment on PokerStars into $2.5 million in 2003. He entered a $39 satellite tournament, which got him into a $600 satellite, which won him a seat in the Main Event at the World Series of Poker – at which this gifted amateur won the whole thing.
But the truth is, all these players have put in a lot of work behind the scenes that you don’t see. I touched on this subject before in my blog on The Iceberg Illusion. Take young Charlie Carrel. He told the TV presenter Katherine Ryan that he started off at very low stakes, playing for 16 hours a day to improve his game, while living with his grandmother. Having studied Maths, Further Maths and Physics at A-Level, he made a detailed study of all the odds. He applied sensible bankroll management, only moving up to a new blind level when he was sure he had mastered the one he was on.
As to Xavi666, after winning his PokerStars million he said that “finally everything came together”. In other words, he had been working and playing hard to reach this point.
There’s a couple of old sayings that I find very insightful. One is, “It takes years to become an overnight success.” The other is, “The harder I work, the luckier I seem to get.”
What they both mean is that every time you see an actor, musician or poker player suddenly become famous, or seemingly “get lucky”, the chances are they have been perfecting their craft, unnoticed by the general public, for many years before that. When opportunity knocks, they are ready for it.
Certainly when I started at poker, I treated it as a challenge, something to work at. I had fun, of course, as I love the game, but I also had the desire to learn and improve. I regularly sat down to marathon high-stakes cash games with some of the world’s top poker pros, not because I felt I would “get lucky” against them, but so that I could learn from their strategy. That was nearly a decade ago, and I still analyse every big hand at the end of a big poker session to see if I could play it better if faced with a similar situation in the future.
So think about it. Are you going to play poker just for fun, staying in more pots than you should do with poor odds of success, in the hopes of getting lucky? Or are you going to play for fun and for profit, improving your game and learning new strategies over time so that, when you do get your shot at a big tournament, you have the skill and experience to become the next “overnight success”?
If it’s the latter, there is good news: some of the poker pros I often play with have kindly agreed to share their top tips and strategy advice with you, my loyal Paul Phua Poker School followers. There’s quite a line-up to my new video series. We have two big Dans (Cates and Colman), as well as Phil Ivey. Discover the full list of names and watch the trailer here.
So if you do dream of becoming the next Xavi666 or Charlie Carrel, a good first step is to go to the Paul Phua Poker YouTube channel and subscribe, so you don’t miss any Paul Phua Poker School videos. It’s free!