The World Series of Poker began in 1970 under the management of Benny Binion, the legendary poker player. He noticed the rise in popularity of poker among the public and thought that it’s time to coronate the best poker player of that year. The first two years of the WSOP were ecstatic years for poker fans as Johnny Moses, another legendary poker player, won the competition.
In 1972 the crown moved to Thomas Preston, and WSOP gained more popularity. Soon all professional poker players in the country decided that they want to have a shot as well. That’s why satellite competitions were held before the final month of WSOP. In these contests the last player with chips was selected to move on the next stage. In 1982 more than 2,000 players tried to win the title, and by 2002 the figure was five times larger and the prize was 19,500,000 USD!!