The WSOP Appears Like Its Thriving, But Look Below The Surface
The World Series Of Poker had a second record breaking year and stays the market standard, In 2011, there was a record 75,672 entries in comparison to last year’s record of 72,966. This year is up three.7% of last year. Also, the prize pool set a record in this year with a whooping $191,999,010 dollars compared to last year’s high of $187,109,850. This was a slight increase of 2.6 percent. These numbers cause you to think everything is fine and dandy in the poker world.
By taking a look a little deeper you can see many predictions of the turn out for this year were deeply understated. The fact is they broke records as mentioned above. So Black Friday did not have the results some thought it would. Despite so many players angry after three of the four sites failed to repay them after the government allowed them to do so. Many thought the WSOP buy-ins might be hard to come up with due to the online poker crackdown. We think the predictions are a year early. With sponsorship waning and less rookies playing online poker these days the sharks will not make much cash for buy ins. It could just have not been long enough for the losses to kick in.
The tv part of the tournament has definitely taken a commercial hit. It’s no surprise the people who own these websites are huge sponsors like Poker Stars and Full Tilt Poker. If you have been watching the tournament on television you will see their logos are missing on the players. Even the UFC events don’t have these sponsors anymore. If the ratings dip this year they can lose even more sponsors. A good thing is Godaddy signed on this year to be a sponsor and maybe that is a good sign.
The truth is next year is when we should worry. If poker players cant find online poker sites that accept US players, then they could lose interest and take up start hobbies. Even if their desire is to play, but there is no place online, they may get frustrated. Either way the lack of US poker sites is an issue and the fact these players have never had there funds returned to them is another. The atmosphere over the next year can be bad.
So how do we fix it and maintain the the interest in best tournament in the world? That certainly will not be an easy one. Here are a few thoughts. First, if the government is prosecuting the operators of these poker sites criminally, then they should also pursue the funds being returned to the players just as vigorously. The poker players were not breaking any laws and their funds should be returned. Second, there needs to be a law that legalizes online poker at the very least if not all of gambling. The law makers should’nt play politics with the situation. It’s time to get stop the Indian gaming lobby and help players. Until we get US poker sites again the sport is in trouble and so is the tournament.
September 17, 2011
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Posted by Jam Man
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