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Inside Straight -- News

by Stephen A. Murphy |  Published: Jun 11, 2009


Dream Payout? World Series of Poker Director Says They’ve Finally Got it Right Small Group Helped Transform the Payout Structure “I think this is a poker player’s dream payout,” said Jack Effel, World Series of Poker tournament director. “The payouts look really good.” Effel has been working on the creation of a better payout structure since he became assistant tournament director of the World Series in 2005. Four years later, after many long hours and the help of a few tireless allies, he thinks he’s finally got it right. “I think I’ll use this model forever,” said Effel. In the early days, the World Series main event was advertised as a winner-take-all event, but tournament organizers soon realized that it was prudent to spread out the money a little bit. Tournament organizers established a payout structure, although it hardly resembled what players are familiar with today. “When I first started ...

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