May 23
How much money do you need to keep from going broke if you’re a professional and poker is your paycheck?
A professional poker player should realize that every dollar she wins will not be added to her bankroll. After all, she has to pay rent and buy groceries just like anyone else, and her only source of income is her winnings. Lose, and she pays her bills the only way she can: by dipping into her bankroll. But there’s a limit to how deeply she can dig without putting herself in jeopardy. Read the rest of this entry »
Apr 28
One of Las Vegas’s last true patriarchs, Benny Binion started out by running illegal bootlegging and gambling rackets in Dallas during the 1930s. Binion arrived in Las Vegas in 1946 (some insist to evade murder charges back in Texas) and bought the dilapidated Eldorado Casino. He renamed it Binion’s Horseshoe, and it soon became the epicenter of gambling activity. The Horseshoe wasn’t really built for common tourists; it was a place for real gamblers.
For more than four decades, Binion had a standing public offer: He would accept a wager of any size, from anyone who walked into his casino. More than a few eccentrics were entranced by Binion’s willingness to take the ultimate gamble, and there are many stories in Binion’s folklore (all true) of high- rollers with suitcases full of money riding on a single roll at the craps table. But Binion’s first love was poker. Read the rest of this entry »
Recent Comments