Quote:
Originally Posted by jjb511
I don’t think that anyone knows the answer. When TR opened its poker room, “Everyone” anticipated an influx of fishy teenagers giving their $$$ away. IME, this never happened. IMO, the influx of grad students, professors, asst. professors, deans etc., to Encore to degen it up with 1/3 grinders is just wishful thinking. But then again, who knows?
As the saying goes, a rising tide raises all boats. These reports about who-has-what-and-how-many tables are telling us that not all the boats are rising together, so Encore has not brought about a new tide of poker, and I'm not sure what will. Like snowman pointed out, it looks more like Encore is consolidating people from other locales and probably from home and underground games, perhaps temporarily. The collegiate population here is indeed large, but are they going to be a source of "whales"? If "whales" are a combination of deep pockets and poor play, there probably aren't a lot of students fitting both requirements. If they are well heeled and that unskilled, they can always play a skill-free "coin flip" game like baccarat at house commission instead of hemorrhage money playing bad poker plus house rake.
As someone new to cash game poker, some things stand out as really interesting to me. For example, I've noticed advanced players sitting at $1/$3 NLH and wondered what they're doing there playing $1/$3, which should be an entry-level game for entry-level players. The problem I see there is with the "no limit" nature of the tables. If these were limit games, betting caps would limit the profitability of the games for advanced players, forcing them to move to higher tables (where they ought to be) if they want to make worthwhile money. However, because it's "no limit," they get to have their cake and eat it too - getting cheap blinds while being able to play and bet like higher money games when they do go in. The max buy-in seems pretty meaningless as players amass stacks much greater than the max.
I could easily be wrong about this, but the problem I'm perceiving with "no limit" poker is the lack of matchmaking. By matchmaking, I mean matching players to other players of comparable skill level.
It isn't a new idea. Online gaming (video gaming) used to be a free service. That all changed when Microsoft came out with the XBox Live service and started charging a subscription to use it - and people happily paid, because, among its services, it provided matchmaking algorithms that matched players with more evenly-skilled players so that the games were competitive rather than mismatched blowouts, the former being more fun. Online gaming wound up exploding on XBox Live versus on free services that lacked matchmaking (e.g., Nintendo and Playstation 3). I feel this is important if poker actually wants to grow its player base. As an occasional rec fisherman, we throw back small catch in order to have larger catch later. There are state-mandated size requirements for this reason. Having advanced players kill the beginners at the $1/$3 tables might be profitable for those advanced players in the short term, but, in the long run, it also cripples the growth rate of the player base as many beginners don't find it fun or profitable and don't return or find it more fun going back to the friendlier confines and familiar faces of their underground games.
Even stuff like karate and chess have their ranking systems so as not to match newbs with grandmasters.
Limit poker doesn't have matchmaking per se, but I feel the caps serve as a mechanism to motivate people towards bigger tables.
The barrier to entry to being a competent poker player keeps growing wider and wider, even for Texas hold'em which is the simplest version of the game. Online poker is practically dead, both as a developmental league for new players and as a legitimate arena for play, because of legal issues, followed by the rise of technical aids and now algorithms, e.g. Pluribus, that have "solved" poker (at least the hold'em version) - at the mere cost of two Haswell Xeon processors in the example of Pluribus. Humans can move to other, more complicated versions of poker to try to keep ahead of the algorithms, but that also widens the barrier to entry to new players even more. Meanwhile, advanced players lurk on the newbie tables. Where is there left for new players to come and develop their interest in the game, much less learn the more complicated variations beyond hold 'em? Only the underground scene?
Poker peaked with Chris Moneymaker and will very likely never reach those heights again. It does have this going for it though: At their core, gamblers are optimists. And so we wait for these students, from one of the strongest collegiate areas in the country and whose brains are processing at peak levels, to play the fish and whales.