Johnny Moss, Becky Binion, and Puggy Pearson
Johnny Moss, Becky Binion, and Puggy Pearson at the 1974 World Series of Texas Hold'em Poker. Since 1971, all WSOP events have been tournaments with cash prizes. In 1973 a five-card stud event was added. Since then, new events have been added and removed. Since 1976, a bracelet has been awarded to the winner of every event at the annual WSOP; later on,[when?] the winners of pre-1976 events were retroactively given bracelets. The tournament grew slowly for over a decade, reaching 52 participants in 1982. In the early 1980s, satellite tournaments were introduced, allowing people to win their way into the various events. By 1987, there were over 2,100 entrants in the entire series. At the 2006 World Series of Texas Hold'em Poker, there were 45 events, covering the majority of texas hold'em poker variants. Participation in the Main Event peaked that year, with 8,773 players.
Currently, Texas hold 'em,
Currently, Texas hold 'em, Omaha hold 'em and Seven-card stud and their lowball variants are played. H.O.R.S.E. has been played in the past and returned in 2006. Also, S.H.O.E. has been played in the past, and returned in 2007. Other events played in the past include Chinese poker, Five card stud, and many others. Like most tournaments, the sponsoring casino takes an entry fee (a percentage between 6% and 10%, depending on the buy-in) and distributes the rest, hence the prize money increasing with more players. In the