Be prepared to lose. You would like to never fiddle with money that you just cannot manage to lose. It really is going cloud your judgment you play for those sorts of stakes.
 
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 Johnny Moss won the first tournament by a vote of his peers. Who is Johnny Moss? A professional poker player and long wounding gambler, he participated from a five month long "heads" up marathon against Nick the Greek where Nick ended the tournament more than now famous line "Mr. Moss, I have to permit go." Ended up being estimated that Johnny Moss won between 2 and 4 million dollars in that 5 month span.