The Old Horse Trader We Love
The World Series of Poker seems to have been with us so long that we usually dont think about it origins, but those origins, and its originator, are great poker legends.
We owe the whole thing to a guy by the name of Benny Binion.
Binion was a Dallas character of sorts, and someone who seemed to run just ahead of the law. He served a little time for tax evasion and even murder, but he was completely honest when it came to poker. Like so many true gamblers, he ended up in Las Vegas and eventually started his own casino, The Horseshoe. While the very first World Series of Poker actually took place in the late 1940s, it was Binion who seized on the idea and set off running with it in 1970 from The Horseshoe. He was a tireless promoter and we owe him much for his expert marketing which took poker from seedy backrooms into swank casino gaming rooms.
With the help of Amarillo Slims participation in a 1972 tournament, the World Series of Poker became a well-known and important facet of professional poker playing. The part, which Binion played in all this, is enormous. Casinos hadnt wanted to have poker as a part of their gaming because the cheating was too hard to control. Binion either used some of his street learning or just had innate smarts because he really changed the situation. In his casino, the security increased, he made the casino a much nicer place for people, and made poker a mainstay in the gaming rooms. He got people into playing poker for high stakes in a nice place where they felt they wouldnt be cheated.
Binions marketing ability was brilliant and from a small start in tournament participation, the World Series of Poker has grown into a huge and respected entity.
For an example, in 1982, there were 52 participants and in 2002, there were 7.595!
And, its still growing! There are thousands of players in over 33 competitions a year now.
So, the Texan whose trademark dress was a big Stetson hat and a buffalo hide coat created a lasting gift to poker, and its with good reason theres a huge bronze statue of him in Vegas. Binion died in 1989 so didnt live to see what the Series has become, but he lived long enough to know he was leaving us with something pretty special. And his family continues the quest for all of us avid players.
Thanks, Benny …we owe you!
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