The World Series of Poker in 1975 was the launching point for Baxter as he won his first bracelet in 2-7 Lowball. In 1978 he proceeded to win the $10,000 Lowball event as well. He repeated the feat in 1981 in the same event. The same year he won Ace to Five Lowball Event. He seemed to make it a habit to win 2-7 Lowball Event bracelets as he did so in 1987 and 1993. It was not until 2002 the he would win something besides lowball by winning the $1,500 Razz event. Though this game is a lowball variation of Stud, it provoked Max Shapiro to warn players against doing two things, and those were tugging on Superman’s cape and playing Baxter in a lowball game.

Apart from 7 bracelets, Baxter has to his credit 9 cashes in lowball at the WSOP. Of the 16 total cashes, two were final table and two were runner-up slots. Even the recent 2008 WSOP lowball saw him cash though he lost by a whisker to make it to the final table. But his virtuosity is not limited to Lowball as he has shown exceptional skills in No Limit Holdem as well. It must be remembered that his skills in NL were subsequent acquisitions. This year alone he has bagged two NL events and had been in the finals for two more events. His consolidated earnings in tournaments have exceeded $1.7 million. It is likely that the actual amounts could be more because full figures not connected with World Series are unavailable. He reached the peak of glory in 2006 when he was ushered into the Poker Hall of Fame.

It is interesting to recall that though a champion poker player, Baxter’s gift to the game came from outside the ambit of the game in the form of a lawsuit. Professional gambling earnings were subjected up to 70% tax prior to 1986 when William E.Baxter Jr. v. United States case ruled that it could attract just 50% as a business. The judgment of a Nevada Court enables professional gamblers to have the same tax structure as small businesses.

A permanent place is assured to Billy Baxter in poker with lowball. This should be seen in the light of his 7 world titles. He gauged the direction of the many changes in poker and remained a powerful figure. It is no exaggeration to say that his fierce advocacy has changed the status of professional gamblers. He is quite active in poker at the age of 68. With his ability to adapt and expand his knowledge of poker, there would be no surprise if Baxter did not win another couple of titles before the end of his illustrious career.

First, what is your best game? Many players that are only Holdem Poker players just looked at this article in utter confusion. The World Series of Poker is a set of over 50 tournaments. While No-Limit Holdem Poker is the most popular game in the world, you have many other games to contend with. Omaha Poker, Omaha Hi-Lo Split, Seven Card Stud, Seven Card Stud 8 or Better, Razz Poker, 2-7 Lowball, and H.O.R.S.E. are all events that are played annually at the World Series of Poker.

If you are a holdem player, are you better at Limit or No-Limit. If you are a mediocre No-Limit player and a regular winner at limit, then you will want to play limit holdem. If Stud is your best game, you will want to play stud. Another consideration is where you have the most success in regards to tournaments. Personally, my best game is Stud 8 or Better. However, at the time that I played my first World Series of Poker in 2006, I was showing better overall results in Limit Holdem events. As a result, I played in Event #4, which was Limit Holdem. I made the money of the event.

After you decide what you want to play, you want to decide how much you want to spend. Do you want to buy-in directly to the event or satellite your way in? If you want to satellite your way in, how much does the event cost you want to play. If you want to enter a $1,500 event, you will need to play $175 satellites. If you want to play a $2,000 event, you will need to play the $225. The satellites go up according to the buy-in of the event. I would recommend spending no more than 3 to 4 satellite entries to try and win your way in. If you cannot win your way in, try again for a different event or buy-in directly.

If you want to take off the pressure of having to win a satellite, then put back the money for a buy-in and then play satellites to try and save money. Personally, the later is the approach I take. As a result, I put back around $2,200 for each event. For the 2007 WSOP, I didn’t even play satellites for the first event which was again a Limit Holdem event. Fortunately, I finished very well in the money and was able to pay most of my other entries for the series with the money won.

So to review, play the game that gives you the best chance to do well. Then decide the plan of attack to enter the event. Beyond that, make a budget for the money you want to spend for cash games and souvenirs and stick to that plan. Have fun at the World Series of Poker!

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