I have the following effect for my PSD: -
=============== Drop Shadow ==============
-Blend Mode: - Multiply
-Black color
- Strength: - 50%
Angel: - 90
========== Inner shadow =================
-Blend Mode: - Normal
-White colour
- Strength: - 62%
Angel: - 120
======= Gradient Overlay ================
-Blend Mode: - Normal
-Opacity: - 100%
Angel: - 90
-Start Color: - # 8a8a8a
-End Color: - #ffffff
Below is the image from psd

How to apply to Textblack, I applied the following code: -
<TextBlock x:Name="lblTitle" Margin="5" Foreground="#FFFFFFFF" FontWeight="Bold" FontSize="20" FontFamily="Arial Bold"
TextOptions.TextFormattingMode="Display" TextAlignment="Left" TextWrapping="Wrap" Text="Tournament: $3 + $0.30 KO Sit and Go">
<TextBlock.Effect>
<DropShadowEffect Color="Black" Opacity="50" Direction="-90" RenderingBias="Quality" ShadowDepth="2" >
</DropShadowEffect>
</TextBlock.Effect>
</TextBlock>
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