The baseball Series began following the end of rivalries between the National League and the newly launched American League in 1903. The first event involved a best-of-nine series where Pittsburgh lost against Boston, three games to five.
In the following year, NY Giants declined to face Boston who were the champions of the AL. Nevertheless, the series was revived in 1905 and played annually afterward. Unfortunately, in 1994 the event was interrupted by an extensive players' strike. A seven-game set-up has been typical since 1922. Also, each series has had one player selected as the Most Valuable Player starting from 1955.
In 1969, Montreal became the first team from Canada to appear at the MLB. Toronto would be the second in the year 1977. Toronto went on to win in 1992, becoming the first team outside the USA to win the major sport tournaments. New York-based Yankees currently have the most titles in the American League.
Revenue gained from playoff gate sales is split among the playoffs teams. The World Series champion receives the largest share of the pool, followed by the runner-up, and so on. The prize money for the MLB World Series champions is determined by the total of the "Player's Pool." The "pool" is the money raised from all MLB playoff ticket sales.
Before the MLB playoffs, clubs typically convene to negotiate how much money will be distributed to the season's winners and losers similar to the best esports championships. The victors receive the largest share of the "pool," or reward money. Other postseason teams receive a smaller portion of the MLB playoff revenue.