In 2006, in response to player demand, the World Series of Poker tried a bold experiment. They reintroduced an old event, and slapped onto it the highest buy-in of any event in World Series of Poker history, $50,000 for a seat. The event was H.O.R.S.E., a mixed game where each round brings a different type of poker. Players in the H.O.R.S.E. event competed at Hold'em, Omaha hi- low, Razz (seven card stud low), Seven card stud, and Eight or better (seven card stud hi-low).
A devalued WSOP championship event
The event was a response to the concern of WSOP professionals that the main event was not determining a true champion, since so many amateurs were participating as a result of online satellites. The poker professionals hoped a large buy in event with many different kinds of poker games would deter all but the best players from competing. It was no surprise to anyone when the first winner of this event was David “Chip” Reese.
Before the Internet created instant poker superstars who seemed barely out of diapers, Chip Reese arrived on the scene in Las Vegas in 1973 as a 23 year old golden boy. He wasted no time getting into the big game, a $400/$800 game featuring top pros such as Doyle Brunson, and beating it. Reese quickly became one of the most successful poker players in Vegas, and is thought of even today as one of the best seven card stud players in the world.
WSOP growing really big
Although Reese had his share of impressive tournament performances, winning a couple of World Series of Poker bracelets in the late 70's and 80's, and making a bunch of World Series of Poker final tables to boot, he stopped focusing on tournaments for a number of years to concentrate on the side games. With the advent of World Poker Tour and World Series of Poker televised coverage of poker, that decision needed to be reevaluated.
Reese's children knew that their father was a big time professional poker player, and wanted to know why they weren't seeing him on television like the other poker celebrities. Not wanting to disappoint, and since his cash games were unlikely to be televised, he dove back into the tournament scene.
Reese enjoyed a few tournament cashes over the last few years, and has appeared on television often enough to satisfy his family, but none of those appearances compared to his performance in the H.O.R.S.E. event. Reese beat a veritable who's who of poker greats to win the event, and was awarded nearly $2 million dollars for his efforts. If this encourages Reese to continue on the tournament circuit, it will undoubtedly be to the poker world's gain.
David "Chip" Reese Winner of the 2006 World Series of Poker $50,000 H.O.R.S.E. Event