How the Poker Boom Came and Died

by in Misc
How the Poker Boom Came and Died

If you go back a decade or so, poker was one of the most popular and fastest growing events on television. You couldn’t watch a 24-hour sports network for any length of time without seeing a high-stakes poker championship being broadcast. These games featured colorful personalities competing for large amounts of money.

You can learn more about poker at Pokerplayernewspaper which is an excellent resource for people who want to learn more about the game.

By the late 2000s, many poker players became celebrities across the world and more and more people responded by playing poker themselves. The availability of games and tournaments online made the game even more popular as people realized they didn’t need to even leave their homes to take part in poker games with high stakes. Instead of traveling to Monaco or Las Vegas, they could stay in their living room and play against players from all over the world.

But in the last decade, the poker boom became a poker bust and the popularity of the game faded a bit. There are several reasons for the decrease in poker’s visibility in recent years although there are signs that poker may be booming again soon. Here are three seasons for the end of the poker boom:

  1. The Scandal

On April 15, 2011, a big scandal erupted in the world of high stakes poker that saw several of the biggest names in the sport get indicted in American courts. Eventually, three executives associated with poker served prison sentences and the courts tried to recover billions of dollars in assets from these people.

READ  Why Choose CBD Oil Instead of Over-the-counter Medication?

This tainted the world of high stakes poker not just in the United States but around the world. The fear that the games may not be on the level led to an immediate decrease in poker’s popularity.

  1. Alternatives

Poker is a relatively simple game to play online. But as online technology got more sophisticated, it became easier for online slots and other popular games to be played virtually. Casinos in the U.K. and elsewhere started offering more alternatives to poker and with more choices, fewer people focused solely on poker as their top choice for gaming.

  1. Lack of Confidence

Reports of unscrupulous practices in the industry undermined people’s confidence in the game. If you don’t feel poker is fair or on the level, you’re less likely to play.

There were many reports of experienced poker players purposefully playing at low or medium stakes tables to take advantage of inexperienced players who they would easily clean out. Nobody wants to feel taken advantage of and that’s what practices like these did.

How the Poker Boom Came and Died