Internet Player: Moneymaker Wins $2.5 Million At World Series Of Poker

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May 24, 2003



LAS VEGAS:- It was only fitting that a man named Moneymaker would put down $40 and ultimately walk away with $2.5 million and the title of champion Saturday in the 34th annual World Series of Poker. Known to his friends as "Money," Chris Moneymaker, 27, also became the first person to win the prestigious tournament by qualifying on the Internet.
Players and experts said Moneymaker's win will revolutionize poker, solidifying the merger of the Internet and big-name casinos and boosting the game's popularity. Amid cheers of "Go Money," the Spring Hill, Tenn., resident faced off against Ihsan "Sam" Farha in a final round that began Friday afternoon and ended early Saturday, at Binion's Horseshoe Hotel & Casino.
After seven other players had been eliminated, $2.5 million in cash was placed on the green-felt table and the final hands were dealt. Moneymaker, with his metallic wraparound shades, clutched a small crystal in his hand for good luck. Farha of Houston, Texas, had an unlit cigarette in one hand and a tiger figurine by his side.
The game was No-Limit Texas Hold'em, in which the players are dealt two cards each and share up to five additional cards that lie face up on the table. Moneymaker drew a five and a four to Farha's jack and ten.
After the dealer laid out a jack, a four and a five on the table, Moneymaker stood holding two pairs to Farha's pair of jacks. Without knowing Moneymaker's cards, Farha wagered it all – more than $1 million in chips.
Moneymaker matched the bet and watched the dealer draw the final shared cards, an eight and a five. The cards gave him a full house (three fives and two fours) and the victory. The accountant threw up his fist and hugged his father, Mike Moneymaker of Knoxville, Tenn.
"I saw the four-five come up and I think my heart did a double-take," said the younger Moneymaker, who said he only began playing poker three years ago. In his first "live" poker tournament, Moneymaker beat a handful of former World Series of Poker champs, including Dan Harrington, who was at the final table and finished third with $650,000.
The tournament began Monday with a record-breaking 839 players. A surge in online gambling and a rise in the game's popularity drew dozens of unknowns and a 33 percent increase in attendance over 2002.
For more than five weeks, Binion's had been a hub of excitement as players who couldn't afford the $10,000 buy-in vied for spots in the final by winning side tournaments with entry fees as low as $50. Of the 839 players, only 63 paid the buy-in price. Moneymaker, a father of a 3-month-old girl, was among 37 players sent to the tournament after paying $40 and qualifying0.
The other players at the final table were: Amir Vahedi, a professional poker player from Southern California; Tomer Benvenitsi, a Las Vegas resident and expedition tour guide; David E. Singer, a professional player from Mamaroneck, N.Y.; Jason Lester, Wall Street investor from New York City; Young Pak of Bainbridge, Wash.; and professional gambler David Grey.
Moneymaker, who donated $25,000 of his winnings to cancer research, said being an unknown worked to his advantage. @@@
 

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Glad to see a Tennessean win the tourney...I read where he does the books for some restaurants in Nashville that I have been to before. Great story...what a life. Did I hear someone on this board say there was going to be a movie about the life of Stu Unger...or was it Larry Binion??? both would be compelling stories. Unger won it 3 times, then wound up dead in a Vegas hotel. Some of these story lines are almost like a movie. Congrats to "Money!"
 

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They are doing it on Unger.

First time this guy ever played in a live tourney and he wins the big one. I watched a lot of it here, and I saw him only make one mistake, and in tournie like this that is usually all it takes, but he regrouped and got right back in it.

I can't wait to see what kind of hands these guys were playing when it comes on TV. That more than anything will tell the tale.

But as it was he had a perfect final table to get it done. Everyone pretty much seemed to be playing for second, so he could just sit there and bide his time. But when Houston Sam got that big pot I figured him to win it all, but I guess Moneymaker got the miracle flop and that was that.
 

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I really thought he had a shot this year. He was playing well, got some decent cards when he had to show (that always helps the bluffing), and had a nice chip count going into the final five tables. But he was in a bad spot with an upredicatble guy with more chips behind him so he got a little handcuffed. But he still made a small move, and got some chips. But he got a major league bad beat which usually would have had him flipping out, but he just walked away with hardly a comment.

Getting old I guess.
 

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