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Poker club plays last hand

27 May 2008

SEATTLE, Washington -- As reported by the Seattle Times: "When Grant Erwin started his poker club in 1962, there was no such thing as a personal computer, an online accounting tool or an Excel worksheet. The eight or nine men who met monthly around kitchen tables in Seattle and Bellevue to play low-stakes poker kept track of their winnings with tokens in old baby-food jars, labeled with their names.

"Over the last 46 years, the 'Puget Sound Probability and Chowder Society,' as it was called, has seen many of its members come and go. Some have moved to other cities. Some have passed away. Some have been divorced, had grandkids or retired. On Friday, after nearly half a century of monthly poker games, the remaining seven men of the society played their last hand.

"...After decades of poker playing, the Society has left these men with good stories, good friendships and — thanks to a few smart investments of the group's collective winnings — a little extra dough.

"For the first 40 years that the Society was around, most of the members never took home their winnings. Instead, at the end of each night, they entrusted their cash — usually no more than 10 or 20 bucks — to Erwin, the now-89-year-old patriarch of the club, who would then invest the money in stocks.

"By the turn of the millennium, the men had, collectively, over $100,000 in different stocks..."

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