LAS VEGAS – The best poker player in the world quickly does the math and doesn’t like his odds at this week’s World Series of Poker.
Thanks to a poker craze created by TV, the Internet and last year’s remarkable storybook victory by a young unknown, a staggering 2,576 people are competing this time for a record $5 million first prize.
“When I started playing in 1987, I had a vision that if you became one of the top players you could expect to win the championship,” said Howard Lederer, 40, a man with a lead-piercing stare and a number-crunching mind that have led others to regard him as the best in the game. “Even if I’m the favorite, I’m still 200-to-1.”
The days of several hundred pros and a smattering of amateurs competing in the grandest of poker events are over. Everybody from “Spider-Man” actor Tobey Maguire to a former Oklahoma beauty queen was betting on being crowned the next poker king on Friday in the 35th annual World Series of Poker at Binion’s Horseshoe Hotel &Casino.
Last year, 839 men and women played in the No-Limit Texas Hold’Em event, in which players are dealt two cards each and make the best poker hand they can using those plus five additional common cards that are turned face up on the table. An aptly named accountant from Spring Hill, Tenn., Chris Moneymaker, won the top prize of $2.5 million.
Moneymaker was considered “dead money” in poker circles, someone destined to lose early. Instead, his Cinderella story is credited with transforming the game.
Since his astonishing victory, the 28-year-old Moneymaker has become a poker celebrity. His face appears in poker magazines and people ask for autographs.
Moneymaker lasted only three hours on Saturday before losing his stack of chips to an opponent who landed one of only two cards that could have beat him.
“You have to catch those breaks to win tournaments,” he said.
Poker player Andy Bloch, a 34-year-old Massachusetts Institute of Technology and Harvard Law School graduate, believes there is another ingredient: “Two letters: TV. It’s a great game for television.”
ESPN covered the finals in 2003 and has been replaying Moneymaker’s performance again and again. This year the network plans to air 22 hours of coverage.
Forget taking a job with The Donald or surviving weeks in the jungle for a paltry $1 million. The potential stakes at the World Series dwarf those of other popular reality shows, with the prize money for all the games in the tournament surpassing $41 million, compared with $22 million a year ago. Even second place in the finals is a whopping $3.5 million.
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