Texas Holdem World Series of Poker

While there are plenty of big poker events around the world,
none are as large and extravagant as the World Series of Poker
WSOP.

Held every summer in Las Vegas, the WSOP features dozens of
tournaments with big prize pools. It also has a rich history
that’s seen many memorable moments and champions.

Thanks to its lengthy history and big prize money, the WSOP
is where both amateurs and famous poker pros compete for glory
and riches.

Seeing as how the WSOP is poker’s most important event, it’s
worth exploring the WSOP’s history, notable tournaments, famous
champions, current format, television coverage, and records.

WSOP History: From a Small Cash Game to the Bright Lights

First WSOP in 1970

The concept for the WSOP was inspired by the Texas Gambling
Reunion in 1969.

Sponsored by Tom Moore of San Antonio, the Texas Gambling
Reunion was held at Reno’s Holiday Hotel and Casino. Crandall
“Dandy” Addington, a self-made millionaire from Graham, Texas,
won the event.

The following year, Benny Binion held the first WSOP at his
Binion’s Horseshoe casino in Las Vegas.

The 1970 WSOP wasn’t the glamorous affair that we see on ESPN
today. Instead, it was a small collection of 7 poker pros who
played a series of cash games and voted on a champion.

Games played included 2/7 lowball draw, 5 card stud, 7 card
stud, razz, and Texas holdem.

At the conclusion, players were asked to vote for a World
Champion of Poker. They all voted for themselves the first time,
so Binion asked them to each vote for the second best player.

Johnny Moss was voted the champion, taking home a silver cup,
as opposed to the diamond encrusted gold bracelet that players
are given today.

Unfortunately for Moss, this is the only time in WSOP history
that the champion didn’t receive a cash prize for their efforts.

Other players who competed in the inaugural WSOP include Carl
Cannon, Addington, Doyle Brunson, Thomas “Amarillo Slim”
Preston, Walter “Puggy” Pearson, and Sailor Roberts.

1971 WSOP Features First Buy in and Cash Prize

The 1971 WSOP instituted a buy in fee and cash prize. The
Main Event buy in was $5,000, which is almost $30,000 today when
adjusted for inflation.

This tournament drew 6 players, who were all seeking the
$30,000, winner take all payout approx. $180k w/ inflation.

The cash game structure was replaced by a series of freezeout
tournaments, including four preliminary tourneys and the $5k
Main Event. Moss won the Main Event for a second consecutive
year and the $30k payout.

Main Event Buy in Increases to $10,000 in 1972

The following year brought another big change, with the 1972
WSOP Main Event featuring a $10,000 buy in. This is significant
because, even today, the Main Event still has a $10k buy in.

Amarillo Slim Preston defeated an 8 player field to win this
tourney along with an $80,000 top prize.

1976 WSOP Awards Bracelets to Every Tournament Winner

In the mid-1970s, only the Main Event champion was given a
WSOP bracelet.

But this changed starting in 1976, with preliminary
tournament winners also receiving a bracelet.

This tradition has continued today, with every WSOP champion
receiving a gold bracelet.

Main Event Tops 100 Players in 1982

The WSOP slowly grew throughout the 1970s and early 80s. And
the 1982 WSOP Main Event is the first time that the tournament
attracted over 100 entrants.

104 players paid the $10k buy in, creating a prize pool worth
$1,040,000. Jack “Tree Top” Strauss won the tourney along with a
$520,000 payout.

By this point in WSOP history, there were 12 preliminary
tournaments featuring a variety of games. 2 7 draw, 7 card razz,
7 card stud, A 5 draw, ladies’ 7 card stud, and mixed doubles
were some of the different games offered.

WSOP Satellites Are Introduced in the 1980s

In the early 1980s, the WSOP began offering satellite
tournaments that allowed players to win seats to the $10k buy in
Main Event.

Satellites are tourneys with a smaller buy in that offer
larger tournament seats as prizes.

Satellites continue to be an effective way to help amateurs
win their way into the WSOP Main Event.

ESPN Begins Broadcasting WSOP

WSOP television coverage was inconsistent throughout the
1970s and early 80s. It began as a single episode special, then
was picked up by CBS in the late 1970s.

After the WSOP returned to being a special, ESPN picked up
the rights and helped popularize the event.

Aside from a brief stint from 1999 2001, where the Discovery
Channel broadcast the WSOP, the event has remained on ESPN ever
since the 80s.

1991 WSOP Offers First $1 Million Payout

The 1991 WSOP Main Event was the first time that the event
delivered a $1 million payout.

Brad Daugherty was the lucky recipient, topping a 215 player
field to collect the $1 million prize. Since 1991, the Main
Event winner has always received a seven figure payout.

WSOP Experiences Boom Starting in 2003

In 2003, the WSOP and poker as a whole began experiencing a
boom.

A number of factors came together to help this happen,
including online poker becoming more popular, the advent of the
hole cam discussed in TV coverage, and ESPN promoting their WSOP
coverage more.

The result saw WSOP Main Event attendance go from 839 in
2003, to 2,576 in 2004.

By 2006, the Main Event hit a peak when 8,773 players entered
the tournament.

2004 WSOP Offers First Player of the Year Award

2004 marked the first time that the WSOP gave out a Player of
the Year POY award.

The POY award is based on a points system that takes into
account all of the different tournaments that players cash in.
Tourneys offer different point amounts based on their size and
buy in amount.

Only open tournaments count towards the standings, meaning
casino employee, seniors, and ladies events don’t award POY
points.

Daniel Negreanu was the first player to win the POY award,
winning one event and final tabling 5 other tourneys.

Negreanu would become the only two time POY winner in 2013,
winning two tourneys and cashing 10 times overall.

WSOP Europe Launches in 2007

WSOP organizers expanded outside of Las Vegas for the first
time in 2007, holding the WSOP Europe in London from September 6
17.

The inaugural WSOP Europe only featured three tournaments,
including a Main Event that drew 362 players.

The WSOP switched from London to Cannes, France in 2011. It
has also been held in suburban Paris 2013 and Berlin 2015.

Further expansion occurred with the launch of WSOP Africa in
2010 and WSOP Australia in 2012. Neither event has been held
since 2014.

November Nine Is Created in 2008

In order to build excitement and increase ratings, ESPN made
a deal with the WSOP to delay the Main Event final table for
months in 2008.

The WSOP Main Event final table is determined in mid-July,
but the nine players “November Nine” don’t play until November.

The November Nine has remained in its current format ever
since 2008.

WSOP Infuses More Low Buy in Events in 2015

With the poker boom long gone, the WSOP made moves to
encourage more recreational players to make the trip to Vegas.

In 2015, more low buy in events were infused into the
schedule, including the $565 Colossus Holdem, $1,000 Hyper
Holdem, $1,500 Dealer’s Choice, $1,500 DraftKings 50/50 Holdem,
and $777 Lucky Holdem tournaments.

The moves were a success as over 100,000 players participated
in the 2015 WSOP, and over $200 million in prize money was
generated.

Notable WSOP Tournaments

The WSOP is constantly tinkering with their tournament lineup
to encourage larger attendance and deliver more player
satisfaction.

But some tournaments have lasted for years on the schedule
and/or led to notable records. Below you can see some of the
most important tourneys that have or still run in the WSOP.

WSOP Main Event

This is the only tournament that’s remained on the WSOP
schedule since its inception.

Despite featuring a $10,000 buy in, the Main Event draws
thousands of players ever year and offers multi-million dollar
payouts to the top finishers.

Today, the entire November Nine is guaranteed at least $1
million.

Main Event attendance has increased from 7 players in 1970,
to a peak of 8,773 in 2006.

WSOP Europe Main Event

Although not nearly as big as the Vegas based Main Event, the
WSOP Europe Main Event is still a large draw for a €10,000 buy
in tournament.

The first WSOP Europe Main Event was held in London, and
Annette Obrestad won the tournament along with a €1,000,000
prize.

The biggest winner in this tourney’s history is Elio Fox, who
collected €1,400,000 after winning the 2011 WSOP Europe Main
Event.

The Poker Player’s Championship

The $50,000 Poker Player’s Championship features a H.O.R.S.E.
format, including rounds of Texas Holdem, Omaha, razz, 7 card
stud, and 7 card stud hi lo eights or better.

Chip Reese won the first Poker Player’s Championship along
with $1,784,640. Sadly, Reese passed away the following year,
with the tournament being named the Chip Reese Memorial
Tournament afterward.

The biggest winner in this event’s history is Freddy Deeb,
who earned $2,276,832 for taking down the 2007 Poker Player’s
Championship.

Big One for One Drop

In 2012, Cirque du Soleil founder Guy Laliberté announced
that his One Drop Foundation was partnering with the WSOP.

The result was a $1 million buy in, Big One for One Drop high
roller tournament. Antonio Esfandiari won the event along with
$18,346,673, which is the largest poker payout in history.

In 2016, Laliberté moved the event to Monte Carlo, thus
breaking the Big One for One Drop’s association with the WSOP.

The Colossus

The Colossus was added to the 2015 WSOP schedule, giving
recreational players a chance to compete for big money for a
small buy in.

Requiring just a $565 buy in fee and offering a $5 million
guaranteed prize pool, the first Colossus tournament drew 22,374
players – a record for any land based poker tournament.

It appears that the Colossus will remain part of the WSOP
lineup for years to come.

Seniors No Limit Holdem Championship

The $1,000 Seniors Holdem Championship is restricted to
players aged 55 and older.

This has become one of the most popular events at the WSOP,
with a record 4,499 players entering in 2016. Johnnie Craig won
this tournament along with $538,024.

Ladies Holdem Championship

This $1,000 buy in event has been played for decades and is
supposed to only be for women.

But in 2010, men began entering the Ladies Holdem
Championship under the banner that it was discrimination to keep
them out.

In 2013, the WSOP responded by raising the buy in to $10,000,
which has since deterred all but one man from entering the
ladies tournament.

Millionaire Maker

The Millionaire Maker was created in 2015 as another small
buy in tourney meant to attract recreational players to the
felt. As the name suggests, this event guarantees a $1 million
payout to the first place finisher.

The first Millionaire Maker drew 7,275 players, and Adrian
Buckley won and scooped a $1,277,193 prize.

Notable WSOP Champions

The WSOP produces dozens of champions every year, but some
have stood out above others over time. Below you can see some of
the most famous players who’ve won at the WSOP.

Johnny Moss

Aside from winning the first two Main Events, Moss became the
first player to win this prestigious tourney three times when he
captured the 1974 Main Event title.

Most would win 9 gold bracelets over his career before he
passed away in 1995.

Doyle Brunson

One of the early WSOP participants, Doyle Brunson is an
ageless wonder who still plays high stakes cash games in his
80s.

Brunson’s first memorable victory occurred when he won the
1976 WSOP Main Event and $220,000. The “Texas Dolly” became one
of the rare back to back champions when he captured the 1977
Main Event title along with $340,000.

Brunson only plays cash games now, but he’s tied for the
second most WSOP bracelets all time with 10.

Hal Fowler

Up until the 1979 WSOP Main Event, everybody who’d won the
Main Event had been a poker pro. But Hal Fowler, an amateur
player, broke this streak by winning the 1979 Main Event and
$270,000.

Fowler pulled off what is considered the greatest upset in
poker history when he defeated Bobby “The Wizard” Hoff heads up
to win.

The final hand gave a clear indication of just how
overmatched, yet lucky, Fowler was against Hoff.

He continued playing an unsuited 7 6 combo on a flop of 5h 3s
js while seeking a gutshot straight. Hoff meanwhile had pocket
aces and would’ve forced any skilled professional out of the
hand with his big bets.

Nevertheless, Fowler went all in and hit his straight when a
4c landed on the turn.

Stu Ungar

Some consider Stu Ungar to be the greatest poker player of
all time, and his record at the WSOP doesn’t dissuade this
notion.

Ungar won the WSOP Main Event in 1980, ’81, and ’97. Ungar’s
victory in1997 was a comeback tale that saw him fight through
years of drug addiction, poor health, and debt to win the
tournament along with $1 million.

Ungar is the only other player besides Moss to win 3 Main
Event titles.

Sadly, Ungar would quickly blow his 1997 winnings on a
combination of drugs and sports betting. He died the following
year in a cheap hotel room with only $800 in his pocket.

Johnny Chan

Johnny Chan is the last player to win back to back Main Event
titles, doing so in 1987 and ’88. His payouts were $625,000 and
$700,000 respectively.

Chan narrowly missed becoming the only player to win 3 Main
Events in a row, losing to Phil Hellmuth heads up in the 1989
Main Event.

Chan is tied with Brunson and Phil Ivey for the second most
gold bracelets with 10. He currently runs a restaurant chain in
Las Vegas and doesn’t play poker as much anymore.

Phil Hellmuth

As mentioned above, Hellmuth stopped Chan’s run of WSOP Main
Event victories by winning the 1989 Main Event along with
$755,000.

What makes Hellmuth’s victory more unique is that this was
his first gold bracelet, and he’s the all-time leader in
bracelets with 14.

Hellmuth also won the 2012 WSOP Europe Main Event along with
$1,333,841.

Brad Daugherty

Brad Daugherty was only in high school when he began is poker playing
career back in 1969 while on a highschool field trip.

His first ever World Series of Poker win was when we was given
the first ever million-dollar prize at the 1991 WSOP Main Event.

Daugherty has went on to co-author a few books and is happily
married with 3 children. He currently lives in the Philippines
where he enjoys poker recreationally.

Chris Moneymaker

Chris Moneymaker became the posterchild for the poker boom
when he won the 2003 WSOP Main Event and $2.5 million.

An accountant prior to winning, Moneymaker won his $10k Main
Event seat through a $40 PokerStars satellite.

PokerStars used Moneymaker in marketing campaigns after this
victory to show that anybody can win big in poker. Moneymaker’s
win not only increased participation in PokerStars’ satellites,
but also at other online poker sites too.

Jamie Gold

Jamie Gold enjoyed the fruits of the poker boom more than
anyone since he won the largest Main Event in history.

8,773 players entered in 2006, which created a $12 million
top prize. Gold, a Hollywood talent agent and amateur player,
won this huge payout, which is the largest prize in Main Event
history.

Considering that current WSOP Main Event tournaments
typically have attendance in the 6000s, it doesn’t seem like
Gold’s record will ever be broken.

Annette Obrestad

Annette Obrestad became an online poker legend, turning
freeroll winnings at the age of 15 into a multimillion dollar
bankroll by the time she was 18.

This allowed Obrestad to enter the first ever WSOP Europe
Main Event and win the €1,000,000 top payout.

The Norwegian’s victory is significant since she was the
first woman to win a WSOP Main Event, and because it happened
one day before her 19th birthday.

At 18, Obrestad became the youngest player ever to win a gold
bracelet.

Antonio Esfandiari

The 2012 Big One for One Drop high roller marked a historic
occasion for both the WSOP and poker in general.

Not only did it feature the largest tournament buy in ever at
$1 million, but it also paid out the single largest payout at
$18,346,673.

Antonio “The Magician” Esfandiari topped a 48 player field to
win this event.

Current WSOP Format

The WSOP consists of dozens of tournaments, capped by the
Main Event.

Every year, the WSOP begins with the Casino Employees Holdem
tournament in late May. Tournaments continue to run until the
Main Event final table is formed in mid-July.

WSOP organizers adjust the schedule every year to feature new
events that attract more players. But there are general aspects
of these events that remain the same year in and year out.

Below you can see some of the consistencies in the WSOP
format:

WSOP Main Event

The Main Event starts in early July and spans several days.
To accommodate the thousands of players who buy into this
tournament, Day 1 consists of 3 4 flights held on different days
Day 1a, 2a, etc.

Every player starts with 30,000 chips, which is a larger
starting chip stack than most poker tournaments offer.

With over 6,000 players entering the Main Event these days,
it takes 7 days to determine the 9 player final table.

The final table, a.k.a. November Nine, takes place in
November over a 3 day span.

Low Buy in Events

A large portion of the WSOP schedule consists of low buy in
events that give more players a shot to participate.

The cheapest tournaments are the Casino Employees Holdem and
Colossus events, which both charge a $565 buy in.

Other inexpensive tourneys that occur on a consistent basis
include the following: $1,000 buy in No Limit Holdem, $1,000
Turbo Holdem, $1,500 NL Holdem, $1,500 Omaha, $1,500 Pot Limit
Omaha, and $1,500 7 card stud.

High Rollers

The WSOP features at least 1 2 high roller tournaments every
year.

While the same high rollers don’t always run on a consistent
basis, the $50,000 Poker Player’s Championship and $111,111 One
Drop High Roller have run consistently every 1 2 years.

The $1 million Big One for One Drop ran at the WSOP in 2012
and ’14, but it was moved to Monte Carlo as a standalone event
in 2016.

Special Events

Some events are restricted to specific age groups and women,
including the $1,000 Seniors No Limit Holdem Championship,
$1,000 Super Seniors Holdem Championship, and $1,000 Ladies
Holdem Championship.

The Seniors Championship requires that all participants must
be over 55 years old, while the Super Seniors event requires
that entrants be 65 or older.

The Ladies Championship is open to both genders, but women
only have to pay a $1k buy in, versus a $10,000 buy in for men.
The latter is meant to deter guys from entering this tournament.

WSOP Television Coverage

ESPN provides TV coverage of the WSOP, and they currently
only air taped Main Event footage.

In the past, ESPN also covered other significant events like
the $50k Poker Player’s Championship. But they’ve since narrowed
their focus to the Main Event.

Here’s a closer look at their Main Event coverage, past
events on ESPN, and how the hole cam changed the game.

WSOP Main Event TV Coverage

ESPN tapes the WSOP Main Event when it runs in July, then
starts airing the event in September on both ESPN and ESPN2.

Their coverage includes highlights of big hands, colorful
players, and well known professionals.

The Main Event episodes continue until early November, when
the final table concludes. ESPN provides live coverage of the
final table.

The network also runs an Encore telecast two weeks after the
final table ends for those who missed the live coverage.

Other WSOP Events on ESPN

During the poker boom, ESPN expanded their WSOP coverage to
include a few other events.

The most notable is the $50k Poker Player’s Championship,
which ran for a few years on ESPN.

The 2008 Player’s Championship provided a number of
highlights from Scotty Nguyen, who got drunk and chastised
opponents during the final table.

Nguyen would win the Player’s Championship along with
$1,989,120. But his behavior, although entertaining, was
criticized following the event.

Aside from the Poker Player’s Championship, ESPN also covered
a mixture of preliminary events during poker’s boom years from
2004 06.

Due to the popularity of poker in 2006, ESPN offered coverage
of the entire Main Event final table that year.

Hole Cam Changes Poker TV Coverage

Up until 2002, neither the announcers nor audience knew what
hole cards poker players had during WSOP coverage. Instead, they
were left to guess as hands played out until the showdown.

This changed in the early 2000s, though, with the
introduction of the hole cam.

Currently seen in all poker telecasts today, this cam gives
viewers a look at players’ hole cards. The hole cam makes
watching poker more entertaining because you can see the cards
that players are basing their strategic decisions on.

The hole cam first debuted at the 2002 WSOP as the “sneak
peek.” ESPN producer Fred Christensen would acquire rights to
the technology, and it became known as the hole cam during
coverage of the 2003 WSOP.

The hole cam revolutionized the way that poker is shown on
TV, and it also greatly improved ESPN’s ratings for WSOP
telecasts.

Notable WSOP Records

• Most WSOP Main Event Wins – Johnny Moss and Stun Ungar (3)0.
• Most WSOP Bracelets – Phil Hellmuth (14)
• Most WSOP Bracelets in 1 Year – Puggy Pearson 1973, Ted
  Forrest 1993, Phil Hellmuth 1993, Phil Ivey 2002, Jeff Lisandro
  2009, George Danzer 2014 all won 3 bracelets.
• Youngest WSOP Winner – Annette Obrestad won 2007 WSOP Europe
  Main Event at 18 years, 364 days.
• Oldest WSOP Winner – Johnny Moss 1988 won a $1,500 Ace 5 draw
  event when he was 81 years old.
• Oldest WSOP Player – Jack Ury at age 97 in 2010.
• Most consecutive years winning a WSOP Event – Billy Boyd 1971
  74 and Doyle Brunson 1976 79 both won gold bracelets in four
  straight years.
• Most WSOP Cashes – Phil Hellmuth 109.
• Most WSOP Cashes in 1 Year – Ismael Bojang 2014, Roland
  Israelashvili 2016 Both Had 13 Cashes.
• Most WSOP Player of the Year Awards – Daniel Negreanu 2004,
  2013 has won two.
• Biggest WSOP Main Event Cash – Jamie Gold $12 million.
• Youngest Las Vegas WSOP Main Event Winner – Joe Cada 2009 at
  21 years, 357 days.

Conclusion

While the growth of the WSOP Main Event has remained stagnant
since 2016, the event as a whole continues growing.

The WSOP now pays over $200 million in total prize money, and
over 100,000 players turn out for the event annually.

Organizers have done a great job at adjusting to meet the
current poker climate, which includes more recreational players
who prefer small buy ins.

Poker faces challenges ahead, like declining online poker
traffic and millennials gravitating towards eSports.

But with primetime TV coverage, huge prize pools, and a rich
history, the WSOP looks to retain a prominent spot in the gaming
world for years to come.