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Friday, July 14, 2006

Additional WSOP Observations

I was only there for a little bit at the beginning of the WSOP, but this year sure felt different than any of the last years prior. First off there seemed to be a lot more people interested in the WSOP this year. Not just from players, and there were definitely more players this year, but from people just interested in seeing it. Both at the RIO and Bellagio. Tons of bystanders just wanting to see the person they see on TV playing cards. Sounds exciting huh?? Can't quite figure out that phenomenon.

The action seemed to be around the RIO and the Bellagio. I visited a few other card rooms and they were pretty dead. Even Ceasar's new room was dead. Nice big room, but no games, other than a few low limit tables. Nothing higher than $10/20. Wynn had a few games, but that was pretty dead too. I guess Bellagio still has a lock on the action, there was some brief interest in other places but you always come back to the best. I never even played anywhere else except Bellagio.

The last thing that really struck me was the young age of the players with a ton of money. The internet has really consolidated a lot of money into a few hands of some really good young players. I mean good, and I do mean a lot of money. These guys were around 21 to 25 and they had hundreds of thousands of $$. That is just amazing. Even if they did not have a hundreds of thousands they were a ton of them in the $100/200 games and up, so they had decent sized bankrolls. Some of them were nice kids, but a lot of them were really cocky, arrogant people. They have not been humbled yet by the pain of poker. It will come, but I am sure the internet will keep making them.

One side effect of all these smart young players playing poker on the internet for a living is that they will not get into the mainstream economy. These guys are clearly very smart, fast thinkers, and have good brains. They will not go to college, get real jobs, and produce something of value for the US economy. These guys would make great wall street traders, bankers, start there own businesses, etc. Maybe this is not a bad thing, as there are plenty of kids that do want to do that, but are we losing some of this talent to poker? I just think down the road when these guys are 35 and did not go to school, have lived the life of poker and now want to do something else. What else can you do now? Internet poker player does not look that good on a resume? These players will never make it back to mainstream society. I hope they know that.

Aaron got busted out early on day two of the $50,000 HORSE event. Too bad. The structure was not as good as it appeared. They did start you with $50,000 in chips but the blinds went up really fast, and there was not a lot of play in this event. I think they should make this a 4 or 5 day event and really let some poker happen as opposed to still having to have some short term luck. The final table is a pretty good list of top players, but heck the whole event was pretty much full of names, so you could not go wrong. Final table should be fun to watch. Hope you are all winning and I will talk to you soon. I will not play next Tuesday again as I have to go to LA next week. Maybe get back to cards in a week or two. Will update with any Aaron WSOP if they happen. SJ

1 Comments:

Anonymous Anonymous said...

As a UW student, I have a couple of friends here that make great money playing internet poker, as well as a 19 year old friend that has a bank roll of over $200,000. All of which are currently enrolled in universities. So although it may seem as though a young person may not have the discipline to continue with schooling after hitting it big, there are still plenty of us who do.

2:13 PM  

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