Living on Easy Street

[Ed Miller]

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Well Ed, as someone who plays full-time and is 20 years older than most of the posters here, I have to say I disagree with the part of your article that says it won't last forever. The reason I disagree is because all over the world each year, there will be a new crop of young punk high school and college kids who watch Rounders for the first of 292 times, and who jump online at the first opportunity with their money and become a wannabe, only to slowly lose their dough and interest and move on to be replaced by the following year's crop. Just like weeds they'll keep sprouting up and provide us pros with new opportunities to mow over another year's worth. Only an economic depression would act as an effective weed killer.

[/ QUOTE ]

My point certainly wasn't that poker will ever dry up as a potential source of income. My point was that winrates right now are bloated beyond what they could have been five years ago and what they probably will be five years from now. Someone making $300/hour today (and there are quite a few) might make $150-$200/hour five years from now. While that's still good money, it's quite a pay cut.

If internet poker gets hammered for whatever reason, those winrates could drop further to $80/hour or even less.

The point of that section (which I now realize I could have made clearer if I had worded it just this way) is... don't plan your financial future counting on your $300/hour to last forever.