Billy Baxter (poker player)
Billy Baxter ( b. 1942 ) is an American professional poker player.
Baxter began his playing career, like many other players in pool halls. When he was 14, he discovered his talent for pool games for money. At 16, he had already earned $ 5,000. When he was 18 years old enough, he devoted himself to the game of poker.
In 1975 he came with his wife during the honeymoon to Las Vegas. They lived for nine months in a hotel and Baxter began playing poker professionally. During this time he met other players like Doyle Brunson, Puggy Pearson and finally Stu Ungar.
His greatest achievement was higher against the poker game probably from 1990, the financial support of Stu Ungar.
Baxter won seven World Series of Poker bracelets. Each of his bracelets he won in lowball games ( the weakest hand wins ).
Currently there are his career tournament earnings to over 2,300,000 U.S. dollars.
Although Baxter is known for helping Stu Ungar, he has done more merits for the sport of poker. The precedent Billy Baxter against the United States has characterized his status as one of the most influential poker player. It was this to be a court judgment under which the profits from poker games are to be regarded as earned income. The U.S. wanted these gains to be understood as capital gains and are therefore taxed at 70%. Baxter won the case and created a foundation for the professional poker game.
Bracelets World Series of Poker
In 2006, he was inducted into the Poker Hall of Fame.