Grasping the World Series of Poker Payout Structure
Benny Binion owns Binions horseshoe where the largest poker tournament is held annually called the World Series of Poker or simply “WSOP”. If you are interested in learning about the payouts of this world poker tournament you have to know where it came from. Benny Binion was a marketing genius, promoting his poker tournament nation wide from 1970 to 1977 as a “winner takes all” tournament. The WSOP has never been winner take all before, and the World Series probably never will. However, up until Binion came out with this idea, the previous rules were that players would designate the split up of the funds.