In poker, we have seen incredible growth in the last ten years. Aggressive business people are cashing in on the increase in poker activity. Let’s take a look at the ways creative business people are making money in the poker industry.
First, let’s look at why this boom has happened. We can identify three key things that created the growth in poker activity. Okay, listed in order, these are the events that led to the growth in poker.
It all starts in 1994 when poker player Henry Orenstein conceived, and patented, the know how for the the hole card camera. This allows viewers to see the hole cards of the contestants as the hand is played. The first appearance of this invention was in 1997 on the british show late night poker.
Poker had been on TV since the 70’s, but had a very small viewing audience. It wasn’t very interesting watching poker because not having the knowledge of what the players were holding, you were guessing what the players were betting with. This new innovation made poker on television very addictive.
The next event that contributed to the poker boom was the onset of internet poker. The original internet based poker room opened its “doors” in 1998. People can play in the relaxed surroundings of virtually any place they can imagine. Web based poker action will display steady growth as poker players became comfortable with this new poker format.
Now we’re ready for the last piece to the puzzle. So, when Chris Moneymaker wins the 2003 WSOP Main Event, the poker boom happens. Gaining his entry from a $40 online satellite event, then winning the Main Event bracelet, sets off this unique boom.
The combination of the hole card camera drastically adding to the number of people viewing poker on television, and the surge of web based poker rooms broadening the player base, set things up for the “Moneymaker” effect. With the world seeing an online, amateur player, out duel some top pros to win the biggest poker tournament ever at the time, people flocked to the tables in huge numbers.
This boom brings a vast amount of business opportunities for aggressive entrepreneurs. There are a few key ways to be successful in this growing poker industry. The vast majority of these possibilities are online. Here are a few of the businesses you can run in the booming poker world.
Some people have found themselves making a nice living as professional players. Some dedicated marketers have gotten extremely wealthy by acting as an affiliate for the online poker rooms. Books about poker can be fabulous sellers.
People are making software tools that help online players in gaining information from the information gathered from their past play. Some business people have invested in their own online poker rooms. We even see poker leagues happening at local bars all over the country.
These are some, but certainly not all, of the various opportunities that business people are using to cash in on the rapid expansion of poker. Being in a poker business that can be done online has to be the most promising. The future for poker still looks bright, and the opportunities are there for those ambitious enough to get involved.
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