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Recession effect on poker

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11-27-2008 , 04:30 PM

gcp1984

enthusiast

Join Date: Jul 2007 Posts: 50

I am very surprised to see the games still as juicy as ever especialy smaller stakes PLO. I would have thought with the whole worldwide economy in chambles the games would have suffered. I could be wrong tho cause I do mostly play 100 and 200 PLO so not a huge sample. Has anyone seen different since all these economic problems hit.

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11-27-2008 , 05:34 PM

koOma

veteran

Join Date: Jun 2007 Posts: 2,902

yes, my economy is running bad too

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11-27-2008 , 05:46 PM

HeddaGambler

journeyman

Join Date: Feb 2008 Posts: 340

Here in the Scandinavian countries we really have not experienced many effects on the crisis - yet. The higher interest rates have obviously lowered housing prices, but with almost everyone - atleast in Norway - having a job, our personal economy is not much affected. And we ofcourse have plenty of oil and a silly huge surplus on our national budget, so there will be as many Norwegians online as ever before I think.

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11-27-2008 , 06:44 PM

wazz

Carpal \'Tunnel

Join Date: Jun 2006 Posts: 15,314

I so wish the same could be said of the italian economy.

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11-27-2008 , 07:31 PM

gavz101

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Join Date: Apr 2008 Posts: 3,453

Maybe in times of economic crisis, more people will turn to gambling to try and make money?

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11-27-2008 , 11:44 PM

questions

old hand

Join Date: Jan 2007 Posts: 1,643

Quote:

Originally Posted by gavz101

Maybe in times of economic crisis, more people will turn to gambling to try and make money?

We're talking about poker here. If you want to talk about gambling, you're on the wrong website.

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11-27-2008 , 11:57 PM

smbruin22

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Join Date: Aug 2005 Posts: 6,306

Quote:

Originally Posted by questions

We're talking about poker here. If you want to talk about gambling, you're on the wrong website.

bizarre but the "get into gambling to make money to pay bills" was one of the main reasons people thought casinos were relatively recession-proof. which of course makes no sense to me.

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11-28-2008 , 12:01 AM

jwc529

Pooh-Bah

Join Date: Aug 2007 Posts: 5,112

Quote:

Originally Posted by smbruin22

bizarre but the "get into gambling to make money to pay bills" was one of the main reasons people thought casinos were relatively recession-proof. which of course makes no sense to me.

they aren't, foxwoods recently laid off a bunch of people, and there aren't any other casinos around here so I have to imagine Vegas is hurting more

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11-28-2008 , 12:18 AM

questions

old hand

Join Date: Jan 2007 Posts: 1,643

Quote:

Originally Posted by smbruin22

bizarre but the "get into gambling to make money to pay bills" was one of the main reasons people thought casinos were relatively recession-proof. which of course makes no sense to me.

Of course it makes no sense. Most people gamble with discretionary income. When income stagnates/declines and expenses increase, there goes the money for a weekend in AC.

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11-28-2008 , 12:32 AM

#10

HeddaGambler

journeyman

Join Date: Feb 2008 Posts: 340

Quote:

Originally Posted by questions

Most people gamble with discretionary income.

Is that why the lines are incredibly long at the pay check-counter at the casinos in Vegas every friday?

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11-28-2008 , 01:31 AM

#11

svj

journeyman

Join Date: Oct 2005 Posts: 297

During economic downtimes, people tend to shy away from big-ticket things like vacations, and tend towards small ticket things.

I doubt the high-limit tables are aflush with new money, but I bet the low limit tables are bustling better than ever.

An evening playing microstakes is a lot cheaper than dinner and a movie, unless you REALLY suck.

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