Notes

How Understanding Survivorship Bias Helps You in Poker.These 8 Men Started the planet Series of Poker.The most effective Poker Comebacks in History
Poker features a few of the world?s most well-known professional gamblers. Poker pros make headlines for taking down huge tournaments and collecting multimillion-dollar prizes.

Given that these pros grab attention, it?s no surprise that amateurs focus on them. Any aspiring rounder wants to know the habits and strategies of the very most successful grinders.

But the problem with fixating on the best players is that you merely get one side of the story. This phenomenon is known as ?survivorship bias,? or the tendency to concentrate on the best in any given field.

Survivorship bias can hurt your time and efforts of becoming a stronger poker player. Having said that, I?m going to discuss more about this concept and why you should avoid falling prey to it.

WHAT'S Survivorship Bias?
It only seems logical to focus on the winners in life. A teenager who dreams to be an NBA star doesn?t desire to study first-round draft busts. They instead want to hear about LeBron James? training methods and what he does to get ready for games.

Likewise, someone who hopes to become a rich online entrepreneur doesn?t desire to find out about why dot-com businesses failed. They would like to know what Amazon CEO Jeff Bezos did to end up being the world?s richest person.

But this tendency to only concentrate on the most successful people or things is the very definition of survivorship bias.

This cognitive bias leaves out anything that can be learned from failures.
You?ll obviously grab knowledge by dissecting the biggest successes. However, only looking at the survivors makes you lose out on other important information.

LeBron James is an extremely disciplined athlete who works hard and takes great care of his body. However, LeBron can be probably the most physically gifted basketball players ever.

Only considering what the LA Lakers star forward does leaves out a variety of less-talented players. These same players could have great training methods and tips of their own which can help an aspiring pro.

Common Examples of Survivorship Bias in Life
The point of the post would be to cover how survivorship bias negatively impacts your poker game. However, it?s worth going over common examples from everyday activity to further the concept.

You?ve probably heard somebody say, ?They don?t make things like they used to.? This generic phrase is really a method of expressing that older goods and equipment are somehow built better than today?s products.

Those that utter this clich� may have an example of a great car or household gadget that has been built to last. However, what they neglect to account for is the rest of the models from exactly the same era that aren?t still around.

It?s difficult to state if products from the 1950s and ?60s were better built than those today without analyzing both survivors and scraps. The same will undoubtedly be true 50-60 years from now when certain goods and equipment from today have survived.

Another example is seen when examining those in highly competitive careers, such as for example actors, athletes, or musicians. You normally only hear stories concerning the top singers, athletes, and movie stars.

It?s often believed that their life experiences should be the key to their success. But what?s not accounted for is the stories of countless people who didn?t make it to the top.

A great historical example of survivorship bias involves statistician Abraham Wald. He was asked to consult on the US Navy?s efforts to safeguard World War II bombers from enemy fire.

Navy Planes World War 2 Abraham Wald Historical Example

The Center for Naval Analyses had already conducted their own research. They determined that armor ought to be added to the areas of planes which were hit the most.

However, Wald noted that researchers were only taking into consideration the bombers that survived their missions. He instead suggested that the Navy reinforce the spots which were unscathed.

Wald accurately predicted that these areas, when hit, caused the bombers to decrease. His research saved many American lives during World War II.

What Is the Benefit to Understanding Survivorship Bias?
The largest problem with survivorship bias is that it?s a roadblock to making the best decisions. It blinds one to certain data that may be key to the most notable choice in a given situation.

Focusing on the survivors only permits you to learn from the very best people or things. However, there?s often value to be gained by studying the losers, too.

Considering a five-time Grammy winner might help an aspiring singer, nonetheless it?s also good to take into account singers who had talent yet flamed out due to one or more mistakes.

Recalling the story of Wald, he didn?t just consider how to protect bombers that returned successfully. He instead thought about bombers that were shot down and where they could have been hit.

Making a decision isn?t just about taking into consideration the elite and survivors. It should instead consider all types of participants ? successful or not.

How Does This Concept Apply to Poker?
Nobody aims to be a low-level poker pro who sits within their local casino grinding out $20 one hour. Instead, everybody wants to become Dan ?Jungleman? Cates, Phil Ivey, Daniel Negreanu, or Phil Hellmuth.

These are the players who?ve won millions over their careers and also have landed lucrative sponsorship deals. Even though they?re amid a downswing, they at the very least command headlines because of their fame.

Many articles have already been written on these players? paths to success.

For Example
Cates busted his bankroll many times and worked at McDonald?s subsequently.

But he was able to turn things around by using ?reverse game selection,? which involves seeking out the toughest opponents (instead of the softest) at certain stakes. Does this mean that everybody else will probably become more successful with reverse game selection?

No, it?s just one example of how one player became great. Trying to improve by playing stronger opponents isn?t for everybody.

Luck is another factor that people don?t always consider when considering famous poker pros. While poker involves a great deal of skill, in addition, it includes many components of chance.

Somebody who becomes a great long-term poker player needs hard work and dedication to attain this pinnacle. However, they?ve also benefited from a lucky break here or there.

Negreanu busted his bankroll the very first time he moved to Las Vegas and had to rebuild it in his hometown of Toronto before taking another shot at Vegas.

What if things didn?t go so well for him the next time around? We probably wouldn?t know who Negreanu is today if so.

Chris Moneymaker is frequently credited with being the spark that ignited the poker boom (2003-06). This former accountant won the 2003 World Series of Poker Main Event along with $2.5 million.

Moneymaker?s legend began when he won a $10k Main Event seat by way of a $40 online satellite. But imagine if he never made it through this low-limit satellite?

How Understanding Survivorship Bias Helps You in Poker
The main thing to understand about survivorship bias since it pertains to poker is that the winners don?t will have all of the answers. Sure, you can learn plenty about strategy by fixating on how the richest and most visible grinders play.

But you also have to consider that a few of their success is due to chance. Other skilled players who haven?t caught as many lucky breaks still have a great deal of wisdom to give.

Many of the most skilled players have never removed a multimillion-dollar tournament prize.
However, they consistently play their A- or B-game and produce a long-term win rate.

You may also learn plenty by considering pros who have been successful for a while before blowing it all. Mike ?The Mouth? Matusow, who was simply probably the most famous players during the boom, lost his momentum due to a drug problem.

A great many other once-winning players have simply blown their bankroll taking shots at high limits and/or make risky financial decisions. These players serve as lessons for how not to manage money in the event that you become a pro.

Nobody fixates on what Matusow used an excessive amount of cocaine or how Erick Lindgren blew his money on sports betting. But their stories should be heard too since they serve as important warnings.

The Path to Poker Success Hasn?t Changed
Preventing the temptation to fall for survivorship bias is a good step towards learning to be a skilled poker player. Nonetheless it?s far from the only real aspect to winning profits.

Being successful at poker is a long grind that involves taking the right steps. Here are the main things you need to focus on to improve.

Think of a Poker Bankroll Management Plan
Bankroll management should be the first priority. Poker?s luck element means that not everything is in your control. Therefore, it?s important to have an excellent bankroll plan so that you can weather eventual downswings.

Bankroll management differs predicated on in the event that you?re primarily centered on tournaments or cash games. You will need plenty of buy-ins as a tourney player because only the most notable 10-15% of the field earns money.

Here?s an example of tournament bankroll management:

Your bankroll is $3,000
You want around 85 buy-ins
3,000 / 85 = 35.29
Playing tourneys with a buy-in of $35.29 or less gives you 85+ units
Cash games don?t involve just as much variance as tournaments as you have more control over short-term winnings. Nevertheless, you still need enough buy-ins to overcome losing streaks.

It?s recommended by many successful players you have 20-30 buy-ins for your chosen no-limit stakes. Here?s an example:

You have $2,500
You need 25 full buy-ins
2,500 / 25 buy-ins = 100
You can play cash stakes with a buy-in of $100
$100/100 big blinds = $1 big blind
You should play $0.50/$1 no-limit stakes
While bankroll management doesn?t guarantee that you?ll never lose everything, it at least buys you time when you?re learning strategy and improving. The hope is that you eventually become successful enough to go above your current stakes.

Learn Poker Game Selection
It?s often said that poker success is about the people you play with. Having the ability to expertly choose games allows you to play with less-skilled opponents and win more consistently.

The easiest way to choose a soft game is by playing with friends whom you know are bad. Needless to say, doing this won?t yield big profits if they only play small stakes.

Your competition in land-based poker rooms is normally tougher than playing with buddies. However, it is possible to still look for soft games by observing tables.

Watch to see who?s either playing overly tight or aggressive.
Note if you can find any opportunities to punish limpers. Search for other weaknesses in players or entire table dynamics you could exploit.

Online poker gives you more reliable tools for finding fishy games. The lobby features stats on flop-viewed percentages and average pot sizes for cash games.

A high flop-viewed percentage indicates that there are amateurs who are seeing too many flops. Big pot sizes imply that players are betting big on future streets. A table that has high numbers with both of these stats is likely soft.

ENHANCE YOUR Poker Skills Through Good Resources
Defining your bankroll, choosing appropriate stakes, and finding fish are the building blocks to be proficient at poker. However, you?re not going to win long-term profits until you have the abilities to take advantage of weaker players.

Poker strategy isn?t hard to find. You can utilize multiple resources for bettering your game, like the following.

Twitch
Twitch can be an online streaming platform that has become very popular among poker players within recent years. Many pros now stream their sessions via Twitch.

The obvious advantage of viewing their streams is that you could see how a pro makes decisions. Looking over their shoulder while they?re playing is nearly like having a free coach.

Speaking of which, most Twitch streams are free to watch. But streams may require a subscription fee for certain content. You can find enough free content, though, to where you shouldn?t need to pay for anything.

Training Videos
Poker video tutorials are similar to Twitch for the reason that they allow you to observe how experienced pros play. But there are two key differences:

You will need to pay a subscription fee for usage of these sites
You can learn more specific concepts
Regarding the first point, you normally pay $30 monthly to get access to the available videos. This fee isn?t terrible when contemplating each of the valuable knowledge it is possible to learn.

The second point means that you'll find videos on specific strategy concepts, such as defending blinds or raising out of position. Compare this to Twitch, where you don?t know very well what the pro is going to cover because they play.

Poker Books
Books were once the main way to learn poker strategy. Now they will have more competition, but poker books are still excellent ways to improve your game.

The advantage of a book is that it enables you to get deeper right into a pro?s mindset. They can pour their knowledge in to the many pages.

Many pros release ebooks these days. You can also find paperback books, though, on Amazon and in brick-and-mortar stores.

Poker Forums
Forums come in many ways responsible for the poker strategy revolution that occurred in the early and mid-2000s. A forum allows players to switch thoughts and ideas on how best to play certain situations.

What?s nice is that poker forums aren?t like training videos, where in fact the info disappears once you stop paying a subscription fee. You also don?t have to store all the knowledge from a forum, as if you would a book.

Instead, plenty of strategy info is backlogged across many threads. All you have to to do is visit a site like TwoPlusTwo and use their search tools to start learning.

Engage in Post-Session Analysis
Sometimes the best way to improve isn?t by learning from another player. It instead lies within examining your own play to find leaks.

The best time to examine your play is soon after a session. Post-session analysis helps you sort out tough situations that you encountered and think about how to sort out them.

Many online poker sites offer hand histories to greatly help together with your post-session analysis. These histories show detailed logs of how your hands played out.

You may also simply consider difficult poker situations. Replaying hands in your mind enables you to consider the way to handle them better later on.

Analyzing your sessions helps it be simpler to recognize patterns at certain stakes. Spending plenty of time in this area can eventually make playing tough spots feel like second nature.

Survivorship bias is always likely to exist. Even fully understanding this idea doesn?t exempt you from falling for it every once in awhile.

However, you don?t desire to cloud your poker judgement when you are overly biased towards survivors. Doing this prevents you from using other useful information that comes from examining less-heralded players.

Some pros is probably not in the limelight but could be excellent teachers who are able to convey their thoughts through books, video tutorials, and/or Twitch streams.

You might want to spend time looking for the best pros regarding teaching the game. Someone who falls for survivorship bias, alternatively, will only consider advice from the richest and most famous players.

Looking directly at the losers can also pay dividends. Certain pros might not will always be losers, but they eventually went bust due to various mistakes. They serve as cautionary tales for bankroll management, substance abuse, or other problems.

The main takeaway here's that winners don?t possess all the wisdom. They?re merely part of a larger puzzle to becoming a good poker player.

Be open to considering strategy from less-famous pros who may not have caught as many lucky breaks. Also be ready to study those that?ve gone bust so that you?re not doomed to repeat their mistakes.The World Series of Poker includes a storied history. In the end, 2019 marks the 50th meeting of the best poker players on the globe.

But how achieved it all start? What prompted this meeting of great poker players? Who was the person in charge of creating this epic annual event?

Origins
The World Group of Poker was born out of another event which, among other names, is commonly referred to as the Texas Gamblers Convention. The first one was in 1968 and was not very successful. The next year, the convention was given a poker theme and was quite successful.

Information on the convention are scarce, but some information does exist concerning the event. The 1969 convention was held at the Holiday Hotel and Casino in Reno, Nevada. It was conceived the previous year by both casino owner Tom Moore and his advisor Vic Vickery.

Moore conceived the 1968 event as you where the invitees would like to play craps and blackjack, alongside some poker.

He was wrong about craps and blackjack but hit the nail on the top with poker. The next year, he made sure it was a poker theme.

The function was attended by gamblers from coast to coast. The attendees included:

?Amarillo Slim? Preston
Aubrey Day
Benny Binion
Bill Davis
Bill Douglas
Billy Nichols
Brian ?Sailor? Roberts
Charles Harrelson (father of actor Woody Harrelson)
Crandell Addington
Doyle Brunson
Dusty Griswald
Felton ?Corky? McCorquodale
George Barnes
Jack Binion
Jack Strauss
James ?Long Goody? Roy
Jimmy ?The Greek? Snyder
Jimmy Casella
Johnny Joseph
Johnny Moss
Marshall ?Squirrel? Carpenter
Nate Raymond
Puggy Pearson
Rudy ?Minnesota Fats? Wanderone
Regardless of the heavy hitters of the gambling world attending, Tom Moore saw the event after two years as unsuccessful.

However, an attendee and fellow casino owner, Benny Binion, saw potential in the case. Binion offered to buy the rights to the event. However, Moore said he could run it without the payment.

Binion moved the function to his downtown NEVADA Binion?s Horseshoe Casino and rechristened it ?the planet Series of Poker.?

The 1970 World Series of Poker
Binion had a vision for the event. Unlike the Texas Gamblers Convention, Binion wanted a world championship-type competition. And he wanted to promote it in his casino.

He chose to invite the seven best poker players on the planet to the function. Those invited were:

Doyle Brunson
Puggy Pearson
Johnny Moss
?Amarillo Slim? Preston
Bryan ?Sailor? Roberts
Crandell Addington
Carl Cannon
At that time, the Horseshoe didn?t have a dedicated poker room. Binion saw the event as an investment later on and cordoned off his valuable gambling living area to erect a temporary poker room for the event.

Over a 9-day period in mid-May 1970, the players faced off in games of the following:

5-card stud
6-card draw
Ace-to-5 lowball
7-card stud (high only and hi-lo)
Razz
2-to-7
No-limit Texas hold?em
The Organizer 1 ? Benny Binion
Benny Binion grew up in Pilot Grove, Texas. He was the son of a horse trader and frequently traveled along with his father on his business trips. On these trips, young Benny learned how to gamble, that was common in his father?s industry as a pastime.

Benny never really had a formal education. He was ill during his childhood, and his parents saw fit to help keep him out of school. As he grew, he overcame his illnesses, which were credited to the outdoor life he was living as his father?s traveling companion.

At the age of 23, Binion started his first numbers game business. Within eight years, he had expanded to dice games that were hosted at a network of Dallas-area hotels. By the end of 1936 with the protection of Dallas politicians, Binion controlled the gambling industry in Dallas.

After World War II, elements of the Chicago mafia had started making moves into Dallas, and Binion?s political protection was ousted from the federal government during elections during that time. Binion packed up and fled to Las Vegas.

In 1951, Binion purchased the El Dorado Club and the Apache Hotel. He rechristened them as Binion?s Horseshoe Casino.

Binions Horseshoe Casino

Binion?s Horseshoe became popular in a short amount of time. The primary reason for this was that he set table limits greater than his competitors. For instance, his craps table limit was set at $500. Until that time, the majority of his competitors set theirs at $50.

Benny Binion also recreated the Las Vegas casino experience. Some of his changes included:

Allowing any size bet so long as it was not greater than the ball player?s initial bet
Changing the ground coverings in the casino from traditional sawdust to carpeting
First to provide limo service from the airport to the casino and back
First to provide free drinks to players
First to offer comps to all or any players (rather than just high rollers)
Other features that attracted players included the following:

$2 late-night steak special
100 times odds bets on craps
In 1953, Benny Binion lost his gambling license and was sentenced to five years in federal prison for tax evasion. During this time period, he sold the majority share in the casino to an oilman from Louisiana to cover legal fees. His family regained control 11 years later. However, Benny had not been allowed to function as official owner because of his conviction and prior criminal background.

He officially became director of pr while his sons Jack and Ted became the owners.

He was the organizer of the World Series of Poker. He invited all the players and also blocked off a section of the casino floor to permit the players some privacy while playing.

Without much was recorded about the event, we know that it was a cash game and that the winner was voted on by another players.

It had been successful enough to repeat in 1971 with a $10,000 freezeout tournament.
Binion said in 1973 that he envisioned 50 players in the WSOP someday. The 2018 WSOP had 7,874 entrants, and that has been far from the biggest group.

The WSOP stayed in the Binion family hands until 2004 when it was purchased by Harrah?s Entertainment.

Benny Binion died on Christmas Day, 1989, of heart failure. He was 85 years old. He was inducted into the Poker Hall of Fame the next year.

The Players 2 ? Doyle Brunson
Possibly the most enduring player of the World Series of Poker is Doyle Brunson. Brunson was in the first WSOP in 1970 and retired at the 49th WSOP in 2018. He?s played in the Main Event of each WSOP since the first event.

Brunson, like Binion, was created in Texas. He started playing poker after a knee injury ended his hopes of playing professional basketball.

In the 1950s, Brunson started playing 5-card stud, which he used to pay for college expenses. He obtained his bachelor?s degree in 1954 and, in 1955, earned a master?s degree in administrative education.

After college, he took employment as a salesman, and on his first day face to face, he was invited to a game of 7-card stud. He earned a month?s salary in that game and soon left the job to play poker professionally.

Brunson teamed up with another poker player, Dwayne Hamilton, and they started traveling around Texas, Louisiana, and Oklahoma to play poker. These games were run by crime syndicates in those areas as gambling had not been legal in these states.

Eventually, he teamed up with Amarillo Slim and Sailor Roberts as Hamilton returned home to Fort Worth.

After six years of traveling, Slim, Roberts, and Brunson had amassed over six figures in winnings (the exact amount isn?t known). The three decided to go to Las Vegas to try their luck, and they lost almost all of it. The partnership ended amicably.

Brunson then settled in Las Vegas.

Brunson became a popular figure in casinos in the city. Along with playing atlanta divorce attorneys WSOP since its inception, he became the author of a book called Super/System, that is considered the handbook on how best to play poker. He gave the within scoop on what players like him played and won. Years later, he said that the advice and insight offered in the book cost him big money at the tables.

Over his career, Brunson has won ten WSOP bracelets.

1976 ? $5,000 2 to 7 Draw
1976 ? $10,000 No Limit Texas Hold?Em World Championship
1977 ? $1,000 7-Card Stud Split
1977 ? $10,000 No Limit Texas Hold?Em World Championship
1978 ? $5,000 7-Card Stud
1979 ? $600 Mixed Doubles (with Starla Brodie)
1991 ? $2,500 No Limit Texas Hold?Em
1998 ? $1,500 7-Card Razz
2003 ? $2,000 H.O.R.S.E.
2005 ? $5,000 No Limit Shorthanded Texas Hold?Em (six players per table)
Brunson has won over $3 million in his WSOP tournament play. His live tournament winnings total over $6 million.

In 1988, Brunson was inducted in to the Poker Hall of Fame.

Brunson was also the initial man to win the planet Group of Poker Championships and the World Poker Tour Championships.

3 ? Puggy Pearson
The originator of the ?freeze out? tournament, Walter ?Puggy? Pearson left Tennessee at 17 to become listed on the Navy in 1946. It had been during his service that he learned his gambling skills.

Pearson dropped out of school at the age of 10. A few years later, he suffered a major accident that left his nose disfigured and managed to get look like that of a pug dog.

Puggy not merely appeared in the 1970 World Group of Poker, but he also won the Limit 7-card stud event the next year.

Puggy Pearson

He found the most success in the tournament in 1973, winning three events. He became the initial person to win three events in the same year ? a feat that only four other folks have done in the history of the tournament.

His career wins in the WSOP are:

1971 ? Limit 7-Card Stud
1973 ? $10,000 No Limit Texas Hold?Em World Championship
1973 ? $1,000 No Limit Texas Hold?Em
1973 ? $4,000 Limit 7-Card Stud
In 1987, Pearson was inducted into the Poker Hall of Fame.

In 2006, he succumbed to heart disease at age 77.

4 ? ?Amarillo Slim? Preston
Born in Johnson, Arkansas, Thomas ?Amarillo Slim? Preston grew up in Turkey, Texas, and then Amarillo, Texas, after his parents divorced.

Preston, along with Doyle Brunson and Sailor Roberts, toured the country in the 1960s, playing poker and gambling on other activities. The three pooled their winnings, which was reported to be over six figures, in order to go to Las Vegas and break your budget.

This effort failed as the three lost virtually all the money that they had won touring. After the loss, the three split the team but remained friends and competitors.

1970 saw Slim and his old partners compete keenly against each other in the first World Series of Poker. It was not the last time that the three would face one another either, because they?d all be in several of the next tournaments.

Preston won the 1972 WSOP championship and became a high profile due to it. He appeared on shows including the Mike Douglas Show and the Tonight Show starring Johnny Carson. He also appeared in the 1974 film California Split as a poker player.

He won four WSOP bracelets in his career. These were:

1972 ? $10,000 No Limit Texas Hold?Em World Championship
1974 ? $1,000 No Limit Texas Hold?Em
1985 ? $5,000 Pot Limit Omaha
1990 ? $5,000 Pot Limit Omaha
He also charted 11 WSOP money finishes.

Between 1979 and 1991, Slim hosted the next most prestigious poker tournament (next to the WSOP) called Amarillo Slim?s Super Bowl of Poker.

Amarillo Slim authored three books during his career. They were:

Amarillo Slim?s Play Poker to Win (1973)
Amarillo Slim in a global Full of Fat People (2003)
All In: An E-Guide to No Limit Texas Hold?Em (2007)
Preston was inducted into the Poker Hall of Fame in 1992.

He died of complications from cancer of the colon in 2012 at the age of 83. His lifetime tournament earnings totaled almost $700,000.

5 ? Sailor Roberts
Bryan ?Sailor? Roberts was the third person on the three-man team of Amarillo Slim and Doyle Brunson.

Roberts was born and raised in San Angelo, Texas. In senior high school, he worked as a golf caddy. Among the activities the caddies did to pass time while waiting for golfers was to shoot craps. This is where Roberts started his romance with gambling.

Robert?s skills grew during his four-year stint in the Navy. He gained his nickname ?Sailor? from his amount of time in service. He expanded his gambling expertise to add poker during his hitch.

After the Korean War, Roberts returned to Texas and finished up connecting with Amarillo Slim and Doyle Brunson. Brunson and Roberts became business partners, splitting winnings and owning a bookmaking enterprise.

Slim, Brunson, and Roberts traveled round the South searching for big games. The three of them pooled winnings from six years of travel and headed to Las Vegas to try and win big. Unfortunately, they lost almost all their money, a sum over six figures.

Roberts played in several WSOP events. He won the planet Championships in 1975. He also won another bracelet in 1974 in $5,000 no-limit 2-7 draw.

Roberts died in 1995 at age 64 from cirrhosis of the liver as a result of hepatitis.

He was inducted into the Poker Hall of Fame in 2012.

6 ? ?Dandy? Crandell Addington
Crandall Addington was another poker player from Texas. He traveled the Texas poker circuit in the 1960s and became known for his skilled playing.

Gambling for Dandy was a spare time activity of sorts. He was a self-made millionaire and had little need for the money. He saw it as ways to personally challenge himself as well as a way to relax.

Crandell Addington

Addington had degrees in economics and accounting, and at the time had founded several businesses linked to oil exploration and chemical manufacturing.

His win at the 1969 Texas Gamblers Convention led him to be invited to the first World Series of Poker. He appeared in the finals of every WSOP from 1972 through 1979. Those seven consecutive appearances remain a record to this day.

Except for an appearance at the 2005 WSOP where he didn?t make the finals, Addington hasn?t appeared in tournaments since 1990.

He was inducted in to the Poker Hall of Fame in 2005.

7 ? Carl Cannon
Carl Cannon is probably the less popular characters of the initial WSOP. He previously the reputation of one of the better poker players on the globe prior to the 1970s.

He played in several WSOP tournaments after the original. His best finish after the original meeting was 9th place overall in 1982.

Cannon may be the only member of the initial seven invitees to the 1970 WSOP not to have been inducted into the Poker Hall of Fame as of 2018.

8 ? Johnny Moss
Referred to as the ?Grand Old Man of Poker,? Johnny Moss was the winner of the 1970 World Group of Poker. The winner was actually voted on that year. It was said to take two ballots. The initial ballot, everyone voted for themselves. On the second ballot, Binion asked players to vote for the ?second best? player, and Moss won and was awarded a silver cup (bracelets appeared many years later).

Moss was raised in Dallas, and along with a lot of the other players in the 1970 WSOP, he played poker in the Texas circuit.

As a boy, he was taught how to gamble, and local gamblers taught him how exactly to cheat. He used this information to get a job watching over games at an area saloon to prevent cheating.

Moss gained his fame from the head-to-head poker marathon played against Nick the Greek. The marathon lasted five months, and Moss won between $2 million and $4 million during the game.

For years, it was said that this was the inspiration for the WSOP, but Benny Binion eventually made clear that the Texas Gamblers Reunion was the inspiration.

Moss played atlanta divorce attorneys WSOP from 1970 through 1995. He previously 25 money finishes in his years of playing. His lifetime WSOP winnings were $834,422.

His tournament wins were:

1970 ? World Series of Poker World Championship
1971 ? Limit Ace to 5 Draw
1971 ? $5,000 No Limit Texas Hold?Em World Championship
1974 ? $10,000 Texas Hold?Em World Championship
1975 ? $1,000 Seven Card Stud
1976 ? $500 Seven Card Stud
1979 ? $5,000 Seven Card Stud
1981 ? $1,000 Seven Card Stud Hi-Lo
1988 ? $1,500 Ace to Five Draw
He holds the record for the oldest bracelet winner from his 1988 win at the age of 81.

He was inducted in to the charter class of the Poker Hall of Fame in 1979.

He died in 1995 at the age of 88.

Lots of legends and stories exist about the first World Group of Poker. We know the seven participants that played. We realize that Benny Binion organized it. But as for just what happened over that week and a half, no-one can be really sure.

We realize that Johnny Moss is the storied winner of the tournament, but how he became the winner is up for debate. The story of the voting may or may possibly not be true. If it's true, the story of a required second vote for ?the second-best player? is probably not.

What we do know is that the eight men involved created a legacy that started with seven guys around a card table and grew into a mega-event with 78 games, 7,874 participants, and over $74 million in prize money decades years later.

Also it shows signs of growing bigger in the years to come.The story I'm about to let you know is indeed absurd- it?s going to sound composed. However, I could assure you it really is as true because the sky is blue, as my friend has more than $517,000 in proof that this actually took place.

For all of you poker players who have played tournaments, you surely know the feeling of ?getting short? in a tournament.

After scanning this blog, I could promise you will have a much better attitude when things seem to not be going the right path during an event.

I am going to tell you about a story that took place during a WSOP event back in 2012. Someone I know played in a poker tournament with over 2,100 entrants- and was down to less than a little blind when there were around 200 players left.

Instead of busting out for a min-cash worth around $2,900, this man went out on to stage the craziest comeback I have ever heard about in the world of tournament poker.

It isn?t special because he just won one crazy hand. Or two, or three. It is meaningful because he went from significantly less than an individual small blind with 200 players left to being the last man standing, earning over $500,000 for his efforts.

I am not going to reveal his name or the precise tournament for privacy considerations but mark my words. What I am about to tell you occurred.

I heard first-hand about it and the story is well-documented on other platforms, such as the WSOP official tournament reports. For the sake of this blog, I am going to call him, ?Player Z?.

This comeback story is exclusive on many levels. I am not sure if it's even possible to calculate the real odds of accomplishing this type of run, as the mix of events seems closer to impossible than improbable.

Let?s just appreciate this story for the complete absurdity and fortune that it was.

The Backdrop
As I mentioned previously, I don?t desire to give away the true identity of the ball player involved, nonetheless it doesn?t have a rocket scientist to google a couple of things a make some educated guesses. Listed below are the facts which are pertinent to the story.

When and Where
This took place during the summer of 2012. It happened at the Rio Hotel and Casino, home of the planet Series of Poker.

The Event
What I will tell you is that it was a $1,500 buy-in, bracelet event at the planet Group of Poker. With over 2,100 entrants, first prize was more than half a million dollars and a good shiny bracelet.

The Player Involved
Here is the best portion of the entire story, and why is it so excellent. This fortunate string of events that ultimately led to this remarkable comeback couldn?t have happened to a nicer, and much more sincere person.

People who play poker professionally aren't always the most generous and authentic people you meet. I say ?not always? because of course I am generalizing and there are plenty of terrific humans that play poker for a living.

However and to be fair, there are people out there that only have their own interests in mind and live a selfish and dishonest life. Had this amazing comeback materialized for someone of this character, I surely wouldn?t be re-telling this story.

Player Z, who went from nearly out in 200th place to winning the bracelet is one particular genuinely good people you hope to encounter during your long days playing on the felt.

He is a person who looks you in the eye and can ask you questions about yourself and your hobbies, rather than let you know all about himself and his accomplishments.

You won?t catch him telling bad beats to the table, only funny jokes.

This extremely personable and likable character is among the ?good guys in poker? and I was elated to hear about this story.
I enjoy celebrating his success by re-telling his one-of-a-kind bounce back heroics that led to a gold bracelet at the WSOP.

The start of the Comeback
Instead of bore you with all the current uninteresting stuff- I am going to cut right to the chase. Bear with me as what I tell you, primarily just how it went down, will probably sound like it came straight out of a movie.

This difference is this Hollywood ending actually happened in real life, although surely a movie script could possibly be written.

The $1,500 bracelet event with over 2,000 runners had just reached the amount of money, with around 200 players remaining in the tournament. Player Z just lost an enormous pot, potentially for the chip lead.

After counting down the chips, it proved the ball player Z had his opponent included in just a single chip. Losing the pot meant that he was severely crippled- with significantly less than one small blind.

Typically, you think that when your chip stack is significantly less than a small blind, you are basically out from the tournament. A lot more than 99% of the time you can be correct.

As I found find out, there is happens to be a MASSIVE difference between being severely crippled to under a small blind vs being out completely.

THE INITIAL Crazy Survival
After losing the substantial pot, Player Z was actually forced all in the very next hand prior to the cards were even dealt. He previously just enough for an ante, so his last chip went in and it was now around the cards (or the poker gods to some of you).

To essentially make a long story short- an opponent had raised the action enough to have the other players out and was heads-up against Player Z, who was simply only qualified to receive winning another antes.

Player Z revealed his cards and was holding king-ten offsuit. That wasn?t all so bad- until he received the terrible news. His opponent was holding pocket Kings, and player Z was in dire straits.

Lady luck was shining straight down on Player Z that night.

Miraculously, he and the opposing player chopped the pot, tying with the same hand after a straight had go out on the board.
The players at the table, like the two involved in the hand, just laughed- almost in disbelief. Nobody in those days in their wildest dreams may have imagined that this was just the beginning of what would grow to be a ?lucky break? worth more than $500,000.

It Gets Better
To the disbelief of everyone at the table, Player Z was still alive, although as poker players would say ?he was barely breathing?.

Saying what happened next was a ?timely blessed situation? will be the understatement of the century. To produce a long story not long, Player Z was all-in four of another five hands, winning all of them and rebuilding his stack to over 20 big blinds in the process.

Now think about this for a second. Not merely was player Z right down to less than a small blind.

He was all in pre-flop- with king-ten off-suit vs. pocket kings.
For you non-math wizards, player Z had about an 8.6% potential for winning the hand, and a 1.2% potential for tying it. Which means that nearly 91% of the time, player Z was packing his bags and heading to the cage for a ?min-cash? of approximately $2,900.

This been one of those ?9 percenters?. This bizarrely lucky string of events paid in a big, big way.

At the time, who would have thought that chopping the initial pot and going all-in and winning 4 of the ensuing 5 pots would make that big of a difference? How?s this for a difference?

I am talking about greater than a $514,000 swing of events here folks.

This is serious stuff I am talking about. Player Z parlayed this ?newly found 20 big blind stack? to great use, as he would catapult into the top 7 on the chip count leaderboard by enough time the night time ended. This would go to show you- never quit in a tournament until you have no chips remaining.

Finishing It Off
Since you can probably already gather from scanning this blog, player Z finished this thing off in style. Clearly, he will need to have felt the good vibes driving back to the Rio for Day 3 of this tournament. He was thrown a ?lifeline? with 200 players left and boy was he benefiting from his ?second chance?.

The day continued and players kept being eliminated. By enough time there were only two players remaining, player Z found himself heads-up against one of his friends.

In fact, that they had even joked about ?playing heads-up for the title? while sharing pizza on the dinner break the night before. At the time there have been still about 60 players left which means this thought seemed fairly unlikely.

As fate would have it, the two men who shared pizza found themselves pitted against one another, playing for more than half a million bucks and a gold bracelet. The good news is the consolation prize of more than $322,000 for the ?loser? wasn?t all so bad.

Player Z defeated his friend in an extended battle and had won the tournament- the bracelet was his. The same man who barely had enough to cover his ante and was all-in blind with 200 players remaining fought completely back and captured the victory and the gold bracelet.

The Takeaway
We have all heard the saying ?all you have to is really a chip and a chair?, but many of us laugh it off and don?t put much stock involved with it. I hope after hearing this story it will be easy to maintain a good attitude throughout an event, no matter what curveballs are thrown the right path.

Poker tournaments are long and tough grinds. I don?t know anyone who plays them that hasn?t experienced some hardship and taken some bad beats on the way. Next time you get unlucky and so are left with a short stack- don?t just assume ?it isn?t your day? and you'll find nothing left to be gained.

That's where having a confident and healthy attitude and outlook on the game will come in. Player Z acts the same way at the table when he is the chip leader as he does when he is the short stack.

That is the true sign of a specialist.

When he lost the huge pot to leave him with significantly less than a small blind, he didn?t waver and have a pity party for himself thinking ?why me, why am I so unlucky?? He took the submit stride and kept a smile on his face.

It?s pretty safe to say that his smile got just a little wider and bigger as he doubled up in four of another five hands and was suddenly back in the thick of the tournament.

I wanted to share this incredible comeback story with all of you because everybody knows how it feels to have a short stack in a poker tournament. This man didn?t just have a short stack- he was right down to less than a small blind, with 200 players left within an event.

He turned that ?final ante chip? into a lot more than $517,000.
If this doesn?t allow you to get fired up to generate magical memories and a comeback a story of your own, I?m not sure what will.

Poker tournaments at the WSOP certainly are a not a race, they're a marathon. People had explained before, you aren?t out of a tournament until you have ZERO chips left in front of you.

After hearing about player Z?s adventure, I understand what they are talking about.
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