While I'm feeling frisky, here's a poker boom thought that recently occurred to me.
I've had concerns that this whole poker explosion would dry up. The popular doomsday model is that the bad players lose enough money that they stop coming back, so without any fish, the sharks just have to feed on each other and everything gets much harder. Poker is a huge fad right now, so tons of dollars are flowing into the poker economy, enabling decent players like me to (barely) make a living. But when the fad dies, that money will stop coming. The best players will probably still make a living, but lots of marginal players like me will have to reenter the work force.
But what occurred to me is that poker's popularity has increased with its availability. 10 years ago, how many people lived close enough to a public card room to play poker regularly? It was basically just AC, Vegas, southern California and maybe a few other spots near Indian casinos or riverboats. So availability of poker was fairly limited. Today anyone with a computer and a credit card can play poker any time they want.
And even in those areas near the casinos, poker rooms were very mysterious and intimidating. But now coverage all over the TV has stripped poker of its seedy image, and commercials for online gambling make everyone forget about its ambiguous legal status.
People play games that are fun and available. Poker has always been fun, but it wasn't always available. Now people know that poker is a widely available entertainment option, and they'll spend a little less time in the theaters or bowling alleys. I'm sure eventually the poker craze will slow down, and maybe it already is doing that. But unless the government explicitly criminalizes online poker, there's going to be plenty of action for a long time.
Antics of a mediocre poker player
Wednesday, November 30, 2005
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