
A couple years ago, the advent of the “hole card” camera turned a shady, backroom pastime into prime time viewing. Phil Ivey, Daniel Negreanu, and Doyle Brunson suddenly became famous
and the audience had a bird’s eye view on how the big dogs play. These are guys that have invested considerable amounts of time sitting and playing one hand at a time to learn their craft. The online arena has spawned a whack of “20-somethings” that fearlessly toss $10,000 chips around and because they play 8 (or more) games online at the same time, they have amassed a tremendous amount of knowledge in a very short period of time.To offer an idea of what’s happening right now in the land of virtual poker, take a glance at PokerListings.com. You’ll see a kid named Tom Dwan is the career money leader with just under $1.4 million. With a little snooping around, you’ll find that he played a game on May 30th with Phil Ivey and lost half a million bucks…online…one hand...one mouse click. We also see that Patrik Antonius has lost almost $600,000 (my $200 hit doesn’t feel so bad).
The numbers that really caught my eye are the ones that show the utility on the different sites. Right now, there are about 70,000 people playing a cash game online; 30,000 of those are at PokerStars.
The American Gaming Association provides the following online wager benchmarks:
1995 – First online gambling site is launched.
2003 – $11 million wagered online.
2008 – $21 billion worldwide (6 billion US).

Two things happened to spur the growth: education and access. First the poker world taught people to play (the hole cam and free play sites). A solid number of people (once educated) were converted from the play sites to the pay sites. It’s the same reason Home Depot does DIY clinics to share knowledge, create familiarity…and then build preferences and habits.
































