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Moneymaker Effect
The Moneymaker effect is the name of the sudden growth in interest in poker after the 2003 World Series of Poker Main Event. History The term was created after Chris Moneymaker, a 27-year-old accountant and amateur poker player from Tennessee, United States, outlasted 838 other players to win the 2003 World Series of Poker (WSOP) Main Event, thereby winning the US$2.5 million prize and the title of World Champion. He became the new poster boy for poker, inspiring potential players to believe that "staying at home in front of a computer screen could be more profitable than going to work." His improbable win also started a new era in poker in which "a nobody could topple the feared pros." According to an article in the ''Las Vegas Sun'', Moneymaker's victory has been credited with launching the "poker craz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poker
Poker is a family of comparing card games in which players wager over which hand is best according to that specific game's rules. It is played worldwide, however in some places the rules may vary. While the earliest known form of the game was played with just 20 cards, today it is usually played with a standard deck, although in countries where short packs are common, it may be played with 32, 40 or 48 cards.Parlett (2008), pp. 568–570. Thus poker games vary in deck configuration, the number of cards in play, the number dealt face up or face down, and the number shared by all players, but all have rules that involve one or more rounds of betting. In most modern poker games, the first round of betting begins with one or more of the players making some form of a forced bet (the '' blind'' or ''ante''). In standard poker, each player bets according to the rank they believe their hand is worth as compared to the other players. The action then proceeds clockwise as each play ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 World Series Of Poker
The 2003 World Series of Poker (WSOP) was held at Binion's Horseshoe. Preliminary events Main Event There were 839 entrants to the main event. Each paid $10,000 to enter what was the largest poker tournament ever played in a brick and mortar casino at the time. Many entrants, including the overall winner Chris Moneymaker, won their seat in online poker tournaments. The 2003 Main Event was the first tournament to pay out at least $2,500,000 to the winner. Dan Harrington made the final table and looked to win his second Main Event championship, but fell short in third place. Final table *Career statistics prior to the beginning of the 2003 Main Event. Final table results Other Notable Finishes {{Major Poker Tournaments World Series of Poker World Series of Poker The World Series of Poker (WSOP) is a series of poker tournaments held annually in Paradise, Nevada and, since 2004, sponsored by Caesars Entertainment. It dates its origins to 1970, when Benny Binion invit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chris Moneymaker
Christopher Bryan Moneymaker (born November 21, 1975) is an American poker player who won the Main Event at the 2003 World Series of Poker (WSOP). His 2003 win is said to have revolutionized poker because he was the first person to become a world champion after qualifying at an online poker site. This has been referred to in the press as the "Moneymaker effect". Early life Moneymaker's ancestors made silver and gold coins and chose the name "Moneymaker" as a modification of their German last name: "Nurmacher." Moneymaker was born in Atlanta, Georgia. He attended Farragut High School in Knoxville, Tennessee, and later earned a master's degree in accounting from the University of Tennessee. After receiving his master's degree, Moneymaker worked as a comptroller. He was also a part-time employee at a local restaurant, in Spring Hill, Tennessee. Poker career World Series of Poker Moneymaker was working as an accountant when he won a seat in the Main Event of the 2003 World Series o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountant
An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization's financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations. Cahan & Sun (2015) used archival study to find out that accountants’ personal characteristics may exert a very significant impact during the audit process and further influence audit fees and audit quality. Practitioners have been portrayed in popular culture by the stereotype of the humorless, introspective bean-counter. It has been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tennessee
Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to the north, Virginia to the northeast, North Carolina to the east, Georgia, Alabama, and Mississippi to the south, Arkansas to the southwest, and Missouri to the northwest. Tennessee is geographically, culturally, and legally divided into three Grand Divisions of East, Middle, and West Tennessee. Nashville is the state's capital and largest city, and anchors its largest metropolitan area. Other major cities include Memphis, Knoxville, Chattanooga, and Clarksville. Tennessee's population as of the 2020 United States census is approximately 6.9 million. Tennessee is rooted in the Watauga Association, a 1772 frontier pact generally regarded as the first constitutional government west of the Appalachian Mountains. Its name derives from "Tanas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poster Boy
A poster child (sometimes poster boy or poster girl) is, according to the original meaning of the term, a child afflicted by some disease or deformity whose picture is used on posters or other media as part of a campaign to raise money or enlist volunteers for a cause or organization. Such campaigns may be part of an annual effort or event, and may include the name and age of a specific child along with other personally identifiable attributes. In modern times, a "poster child" is a person of any age whose attributes or behaviour are emblematic of a known cause, movement, circumstance or ideal. The person in question is thought of as an embodiment or archetype. This signifies that the very identity of the subject is synonymous with the associated ideal; or otherwise representative of its most favorable or least favorable aspects. Examples * Bobbi Campbell was a self-professed "AIDS poster boy" in the earliest years of the epidemic. * Willie Horton became a poster boy for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poker Satellite Tournament
A satellite tournament is either a minor tournament or event on a competitive sporting tour or one of a group of such tournaments that form a series played in the same country or region. Poker A satellite tournament in poker is a qualifying event. Winners of these satellites usually win the buy-in fee to a larger, more prestigious tournament like the World Series of Poker Main Event. Although there are some land-based satellite tournaments (usually for very high-stakes tournaments), most of them are online-based. Some sites, like PokerStars, maintain several tiers of satellites. A player can thus start out at one tier (not necessarily the lowest one) and play his way to a higher tier. The entry fee for each tier is always higher than the fee for the tier below it, with the first tier being the cheapest. Tennis In professional tennis, satellite circuits were four-week tournaments (five before 1987), typically organised by a country's national tennis association and overseen by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Poker
Online poker is the game of poker played over the Internet. It has been partly responsible for a huge increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005, while a survey carried out by DrKW and Global Betting and Gaming Consultants asserted online poker revenues in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gaming, Grant Eve, a Certified Public Accountant representing the US Accounting Firm Joseph Eve, Certified Public Accountants, estimated that one in every four dollars gambled is gambled online. Traditional (or "brick and mortar", B&M, live, land-based) venues for playing poker, such as casinos and poker rooms, may be intimidating for novice players and are often located in geographically disparate locations. Also, brick and mortar casinos are reluctant to promote poker because it is difficult for them to profit fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PokerStars
PokerStars is an online poker cardroom that was a part of The Stars Group until it was sold to Flutter Entertainment on May 5, 2020. It can be accessed through downloadable poker clients for the Windows, macOS, Android and iOS. It is the largest real money online poker site in the world, controlling over two-thirds of the total online poker market. A PokerStars.com online satellite tournament produced the 2003 World Series of Poker (WSOP) champion, Chris Moneymaker. As the first person to become a world champion by qualifying at an online poker site, Moneymaker's 2003 win was an important factor in catalyzing the poker boom of the mid-2000s. The press has called this the "Moneymaker effect." History PokerStars launched its beta play-money-only site on September 11, 2001. The company began offering real money wagering on December 12, 2001. PokerStars was originally a Costa Rican company, Rational Enterprises, which was majority owned by the Israeli Scheinberg family. The compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2004 World Series Of Poker
The 2004 World Series of Poker (WSOP) was held at Binion's Horseshoe after Harrah's Entertainment purchased the casino and the rights to the tournament in January. Harrah's announced that future WSOP tournaments will be held in a moving circuit of member casinos. Preliminary events Main Event There were 2,576 entrants to the main event - more than three times the number of the previous year. Each entry paid $10,000 to enter what was the largest poker tournament ever played in a brick and mortar casino at the time. Many entrants, including the overall winner, won their seat in online poker tournaments. 1995 Main Event Champion Dan Harrington made the final table for the second consecutive year. His bid for a second Main Event title came up short once again as he finished in fourth place. Final table *Career statistics prior to the beginning of the 2004 Main Event. Final table results Other High Finishes ''NB: This list is restricted to top 30 finishers with an existing Wikip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greg Raymer
Gregory Raymer, nicknamed "Fossilman," is a professional poker player and author. He is best known for winning the 2004 World Series of Poker Main Event. Early life Raymer's family moved numerous times during his childhood, from his birthplace of Minot, North Dakota to Lansing, Michigan, where he lived until age 10. He then moved to Clearwater, Florida, attending Dunedin Middle School, and would move later once again, this time to St. Louis, Missouri. After Raymer graduated from Parkway South High School in St. Louis, he enrolled at the University of Missouri–Rolla, where he majored in chemistry and became a member of the Kappa Sigma fraternity. He graduated from the University of Minnesota with a master's degree in biochemistry in 1989, and then again from the University of Minnesota Law School in 1992. He then practiced law as a patent attorney for more than a decade, spending the last six years of his legal career at the pharmaceutical company Pfizer. Raymer is nickname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poker Boom
The poker boom was a period between 2003 and 2006, during which poker, primarily no-limit Texas hold 'em, but also other variations, became considerably more popular around the world. During the boom years, the online poker player pool at least doubled in size every year. Causes The seeds of the boom began in 1998, with the release of the film ''Rounders'' and the introduction of online poker at Planet Poker. These events built on the occasional telecasts of the World Series of Poker (WSOP) Main Events that were recorded each summer and broadcast later in the year. Two specific 2003 triggers completed the launch of the poker boom. In the spring of 2003, the World Poker Tour's inaugural season debuted on the Travel Channel on American cable television. The impact of the boom was escalated in May 2003, when amateur Chris Moneymaker won the 2003 WSOP Main Event. Moneymaker won his seat via a $86 satellite tournament on the PokerStars online poker room. Moneymaker was one of 839 entr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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