Quote:
Originally Posted by cAmmAndo
Keep in mind the poker boom coincided with the front side of an economic boom or bubble depending on your view. When people were flush with cash and using helocs like ATMs it was easy to drop a couple Buyins every week at the card room.
My observation is the worst of the "boomers" that fed lowstakes cash games and didn't learn to lose slower migrated to low buyin tournaments. With rebuys now it's largely unnecessary for them to play cash.
this is definitely true in Sydney, where there is only 1 casino for a city of 5m people. Even on a weekend night, we'd rarely have more than 25 tables open. Conversely around the city there would be at my estimate, an average of 50-60 tournaments going on per night at pubs and clubs with buy ins from $20-50 as part of bar poker leagues and the like - again, I'll guess an average of 40 players at each of them per night. Sometimes these tournaments have 'high roller' type events for $200 ish or regional/national qualifiers with major payouts for the ME
almost all new poker players learn poker at these clubs and most of them are very happy to stay there. almost all of these guys are losing players, but at $30 a pop, their weekly or twice weekly poker habit never costs them too much and is a social occasion as well. only the best or the more degen graduate from there to the casino cash games and tournaments - we'll often get 1k entrants for the $330 buy in opening events for big series.
the cash game exposure is generally occasional private, social home games amongst the friends from the clubs/pubs. this is how I started in poker 8-9 years ago and I graduated from there to online and then to the casino. Interestingly, even our once twice monthly cash game has dissolved to nothing, as over time it became apparent to the losing players that they were losers and they lost interest and began to focus solely on the pub poker for their fun and enjoyment.
so while poker could actually be said to be growing or still booming here, very little of the growth in new players ever make their way to the casino cash tables