Online poker is a relatively new way of winning and losing money. Due to the low commission rates of the ‘’house,’’ it has become an attractive option for those looking to make money without doing regular work. Commission rates range from 1% to 10% which compares well to horse racing. This allows players to win huge amounts of money in a short space of time which only increases the appeal of the game. Online poker went through something of a surge a few years ago because it allows players an opportunity to play without having to travel to the local casino.
Someone called AAAArthur won $1.2 million USD in March of this year. There were 93,016 entries in the Poker Stars tournament so it just proves that online poker is thriving during the current crisis. This isn’t surprising as the gambling websites have a captive audience during this unique experience that we’re all going through.
This wasn’t even the highest amount ever won in online poker. Patrik Antonius won more than $1.3 million USD back in 2009. On that occasion he beat Viktor ‘’Isildurl1’’ Blom which just shows how much money can be won by sitting in a chair playing a card game online. This was tremendous advertising for the game itself as people are drawn to the game by the seemingly easy riches that can be won by playing the game. The lack of titles to Antonius’ name is a non-issue as winning money is the object of the exercise. It was through his passion for tennis that he was introduced to tennis because his fellow tennis players were playing the game in the dressing room. Over the course of his life, it is reckoned that he is now around $12 million USD in profit from the game.
Let’s go back and see what happened on the day of his big win when they were playing Full Tilt Poker… On that day Blom lost $1,356,946 to Antonius but the good news is that both players are both millionaires from the game. Blom is from Sweden so this was a cross-border rivalry as well. Since Scandavians spend so much of their lives indoors it is no surprise that they have become dominant in the game itself.
Blom had been on a roll and perhaps was a victim of his own overconfidence on the day. This is something Antonius’ wife Maya Geller doesn’t have because she is also a professional poker player but she has won only $30,000 USD in her life. It is remarkable how much psychology plays in the game which is made up of mathematically probable choices. It is this ability that defines the best players and it is a part of the immense appeal of the game.
What is the future of online poker? Is it just a trend or will it prosper into the future? States in the U.S. are tending to legalize the game because of the revenue benefits. It doesn’t quite have the hype factor that it did have a few years ago but that was always going to be the case. To survive the fall off from being hyped up for so long a product or service must have substance. In essence, can the game sell itself on its merits alone?
The answer is that success sells and online poker does a great job of advertising its most successful participants. As long as it does this then it’ll be a successful industry. Horse racing by contrast does a terrible job of celebrating the accomplishments of its key contributors which is the person who gambles on it. The realization that poker can be played across the world all the time over the internet has been a monumental change in the world of gambling as more and more governments seek extra revenue from any source that they can gather. We’ve come a long way from the days in my home state where an old plane was flown outside the state’s boundaries so that poker players could play legally.
While Phil Ivey is the biggest winner overall at $19.2 million USD the game achieved its defining moment when Antonius had his historic payday. Online poker can celebrate its champions because nothing can sell like success. And that is something Patrik Antonius is very familiar with.