Why These Cards and No Others for Poker?
Where did these suits of cards come from? The answer is simple – the origin of the spades, diamonds, hearts and clubs is… French. Yes, it is precisely these people who gave us these well-known suits. The suits themselves are divided according to French society of the turn of the sixteenth and seventeenth centuries. The spade symbolizes the kingdom, the diamond is for merchants, the clergy is represented by the heart, and the people by clubs.
You’ve heard of Nixon? Yes, the former president of the United States. Well, he played poker and won! The win for President Nixon was about $6,000, which is the equivalent of about $42,500 in today’s money. It is worth noting that Nixon had good fortune not only with the cards, because he invested his winnings skillfully. The money supported his election bid – and the sum allocated in those days had a massive effect on his campaign. His moves were a great success, bringing his spectacular victory and the Oval Office.
It’s easy to guess that poker has led many to bankruptcy. The losers have been numerous, and the amounts lost on the game have reached hundreds of thousands, even millions of dollars. Here are some famous examples of people who lost everything living the poker life.
Some time ago, poker portals began spreading information about the dire situation of Ted Forrest. There is much evidence that the six-times World Poker Series bracelet winner signed two documents that has brought him a lot of trouble and landed him in court. In 2013, Forrest made a written submission acknowledging that he is liable to the Wynn Casino for a debt of a trifling $270,000, and agreed to repay it. Two years later, the case was closed, but court records indicate that Forrest has not paid off all the debt. As if that were not enough, in September 2016 he was sued by the Mirage Casino, which claimed that Forrest owes them $40,500 of a loan taken out in 2013 for $100,000. The casino won in court, and unfortunately things are not looking too optimistic for the player. It is true that, during the WSOP in 2016, Forrest finished fourth in the Seven Card Stud Championship and won $73,000, but that amount is not enough to cover all his obligations.
The extremely likeable and capable player Erik Lindgren turned into a degenerate gambler who lost all confidence of the community after Black Friday. Lindgren was a member of the team Full Tilt Professionals, and received a lot of money from the operator just before the closure of Full Tilt Poker. Lindgren, addicted to sports betting, started to borrow from many people. By 2012, his debts had reached such a level that he was no longer able to repay them. He decided to join a special program for people addicted to gambling, and filed for bankruptcy.
Howard Lederer, another famous poker player, claimed that before Black Friday Lindgren had borrowed from the operator several million dollars. As a result of the situation, PokerStars, which took on the Full Tilt brand, sued Lindgren and requested him to repay the debt to the amount of $2.5 million. In 2015, Lindgren reiterated its request for bankruptcy with a total debt of $8 million. When Lindgren filed his request, his assets were worth less than $50,000.
In 2006, Jamie Gold became a world ranking poker star. He won the WSOP Main Event – worth a trifling $12 million! Why, then, does his name appear on the list of the biggest bankrupts? A few months after Gold’s win, television producer Crispin Leyser claimed that he should receive half of the prize because he had a contract with the winner. Under its provisions, Gold was required to give him part of the winnings. Finally, Leyser sued the WSOP champion, the case was concluded in his favor, and Gold has probably lost a significant part of his winnings.
That was only the beginning of the collapse of an able poker player. The former WSOP champion has since invested in a failed TV format, did not get paid for representing Bodog, and the poker room at the Tropicana Casino, in his name does not bring sufficient profit. On top of this, the IRS has pressed him to pay back taxes. One should also mention many losses at the tables, and the championship bracelet he put up for sale in 2013. Everything points to the fact that Gold is already a fallen poker star.