Interesting question that leads me to a pressing issue that the God of our creation and the Lord of our salvation has been laying on me for some time now.
That being that man, today thinks that the word of God is made up of a bunch of numbered "versus." It is not. It is instead letters, instruction, parables, etcetera and should be looked at in that manner alone. Scripture quoted without context leads to many errors in teaching and understanding.It was put into a chapter and verse number form to make it easier for us who do not memorize or study it enough to really know it, so the teacher/preacher/pastor/etc can say "turn with me to..." and we can find of what he will tell us about easily. In a few places, chapter breaks are poorly placed and as a result divide content that should flow together. Overall, though, the chapter and verse divisions are very helpful.
This "dividing up" was first done about 1227 AD by Stephen Langton, an Archbishop of Canterbury. The Wycliffe English Bible of 1382 was the first Bible to use this chapter pattern, to the best of my limited knowledge. Since the Wycliffe Bible, nearly all Bible translations have followed Langton's chapter divisions. The Hebrew Old Testament was divided into verses by a Jewish rabbi by the name of Nathan in A.D. 1448. Robert Estienne, who was also known as Stephanus, was the first to divide the New Testament into standard numbered verses, in 1555. Stephanus essentially used Nathan's verse divisions for the Old Testament. Since that time, beginning with the Geneva Bible, the chapter and verse divisions employed by Stephanus have been accepted into nearly all the Bible versions.
I wish all could have a translation without these divisions to read alongside the ones with Chapter/Verse. These are called SMOOTH READING FORMAT and the link provided will allow you to downlaod it to your PC/Phone? or similar device if you choose: http://raylcross.net/flatBible/
I know what many will say when they read this answer, "Leave it to a preacher to ramble on about something and never quite get to the point," so for those, here is my favorite verse(s) in scripture (2 actually that say the same thing as the NT writer quotes from the Scroll writer of OT times indirectly) (for today, and at this moment any way Here they are):
Psalm 37:4, 5 Delight thyself also in the LORD: and he shall give thee the desires of thine heart. Commit thy way unto the LORD; trust also in him; and he shall bring it to pass.
Proverbs 3:5, 6 Trust in the LORD with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge him, and he shall direct thy paths.
May God bless this effort, Pastor Bill