From 2003-2006 the combination of massive television exposure and the explosive growth of internet poker created a poker boom of easy money that will never occur again.
It’s been nearly two years since my last blog entry and, sadly, my pessimistic predictions about the poker world have largely come to pass. I can no longer count on a six-figure income from playing an hour and half a day of high stakes limit hold’em on my home computer while sipping my third chardonnay. The 200-400 games rarely go these days, and when they do they are extraordinarily tough. Like me, most of my opponents have dropped many levels, playing 30-60 and even 15-30 to remain consistent winners. The live poker games have toughened up quite a bit as well.
It’s also been two and a half years since I saw a paycheck. I had a great year trading in 2008 while the rest of the world suffered, but 2009 was lean and 2010 is off to a very rough start.
I look forward to the World Series of Poker like nothing else, but this year it looks like it’s coming in the middle of a major losing streak. It’s not going to be fun to write or read this blog if it’s one lugubrious losing entry after another.
Friday, April 30, 2010
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