Monday, May 19, 2008

game called on account of capitalism

Seeing as the though I still keep abreast of the goings on in the poker community (despite eschewing it these last several months for a menial newspaper job) I feel compelled to comment on the most recent dramabomb dropped by Harrahs Entertainment and ESPN. Apparently this year at the World Series of Poker Main Event, once the final table of nine is determined (which should happen around mid-July), play will stop, and those nine will be brought back in early November to play out the remainder of the world's biggest poker tournament at an "almost-live broadcast."

I had heard whispers of this development during my intermittent poker forum surfing over the course of the last month, but I summarily dismissed the idea as too radical, even for the money-hungry exec's in charge. Even those who supported the idea from the beginning never believed in a million years that the powers that be would have the sac to make this radical change. We shouldn't really be surprised though.

The only two years I've had the opportunity to get an inside look at the vaulted World Series of Poker (as a member of the much maligned "poker media;" not only the lowest of the low, but I worked for Card Player Media; which according to many of the smaller fish as Public Enemy #1) it was run entirely at the Rio, completely under the Harrah's Entertainment banner. I don't know a WSOP w/o the huge gaudy sponsors. What did one do when their weren't nubile young women in Milwaukee's Best Light gear, roaming around trying to give you free (and worthless) poker chips? Was the all-in moment less exciting when it wasn't the Degree All-In moment.

What I'm getting at is simply, what was the outcry when this poker event became ridiculously commercialized at the hand of NASCAR guru Jeffery Pollack, WSOP commish for the last three years?

Wow....as I turn the idea over in my head more....it actually makes sense. Yikes.

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Since the invention of the lipstick pocket cam, the poker boom has enjoyed a huge rollercoaster ride. The best possible scenario happened in 2003. An unknown internet player, outlasted the field of 839 entrants to take down the $3 million 1st prize. He busted up pro after pro, and found the good fortune to outlast a truly shark-invested final table. But really it was all about his name baby. And as Mike "The Mouth" Matusow would say every day at the WSOP '07 the pros mantra became:

"God bless Chris Moneymaker"

He turned a $40 satellite into about $1.5 million, or at least thats what ESPN wanted you to believe The endless ESPN reruns, neglect to mention how he was so confident he would get smoked that he nearly sold off his entry after he won, only to have someone buy up 50% of his action. (Raymer had backers in 2004 as well. Strange how in 2005, the winner plopped down the full $10k entry, but the bigger story seemed to be runner-up Steve Dannenman, who almost gets less time on screen than his "business partner" who gets half his winnings.)

The win for Moneymaker itself was a blessing and a curse. He scored a huge sponsorship deal from Pokerstars, but also had his marriage collapse. All involved with poker could care less. The Maine Event swelled to huge proportions over the next three years. In 2006, Jamie Gold won four times what Moneymaker did (although his money-appropriate name only has half the media shine) besting over 8,000 players. They were predicting over 10,000 for 2007, but then karma slapped the poker community with a nasty one-two combo.

Gold was taken to court when he balked at having to fork over half his winnings to a man who he promised 50% of his action in exchange for that guy finding a couple of "celebrity's (see also.. two-thirds of the dynamo that headlined the critically acclaimed Without a Paddle) to wear the logo of Gold's backing poker site. Now the string of three charismatic main-event-champion-poker ambassadors was gone (Only one of the those last three was really perfect; Moneymaker has very few results to back up his win and "Salty Joe" Hachem was great at the marketing, but is a Mr. Hyde at the tables; he's downright nasty, only coming second to Hellmuth in the whining category)

And to kick the poker community while they're down, The UIGEA made it near impossible for poker players to deposit money on poker sites, shutting down the main resource for Joe-Schmo to enter the tournament.

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So now the execs need a new way to market their television coverage. And by golly they've found it.

So when play is halted at the WSOP this year, each of the final 9 players will be awarded ninth place money. The remaining prize money will be placed in an interest-bearing account, which will simply add to the remaining prizepool.

The final table-ists will also now have months to plan their strategy for the big dance. This will include players paying for coaching, and discussing their opponent's play ad nauseam.

This means better play. This means I might actually know something about the final tablists, which means I can give a hoot if one of them wins.

Editor's note: This maybe the last poker related tidbit I post for a while...the end of bar league poker was none too kind to me. A freeroll for a TV is a daunting task, but I thought I had a better chance of winning then most. However, I saw my solid play wasted when I risked my tournament life for the first time when we were 4-handed, only to be torn a new one by the poker gods who decided the that the a guy willing to risk 90 percent of his chips on a flush draw should be rewarded. Nevermind that I had flopped a set and was 65 percent to win when the money went in. Oh well, thats poker.

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