An Interesting Experiment
I assume that we all know how the poker pyramid works? Thousands upon thousands of piss poor poker players (PPPP’s) deposit money at the bottom of the pyramid, which they then lose to slightly better players, who in turn repeat this process at a slightly higher level, and the process then repeats until your last $20 deposit ends upon making 1/50th of a big blind for Phil Ivey or Tom Dwan.
The thing that strikes me when I read about the exorbitant amounts of money flying around in the upper echelons of the poker world though is that to fund this ever expanding world of hedonistic excess and poor dress sense; how much money must be being lost worldwide for it to keep going? Yes I understand that there are poker sponsors out there, yes I understand that reputedly all the top FT pros have shares in the site which basically means they’re taking a slice of the rake, but still, there are literally millions of millions of dollars, Euros and pounds being pumped into the cycle every year. I’m only a small fish in a small pond, so I’m always going to struggle to grasp the enormity of the poker industry as a whole, but even so, it still staggers me.
As I thought about this today, reading about Ivey’s last million dollar pot, and Townsend’s multi million dollar downswing, it struck me that it’d be great to see the paper trail of someone’s money being deposited on a poker site. Obviously we’d have to ignore rake and player withdrawals, but just imagine being able to see that last $50 deposit being passed onto some Scandi, who sucked out on you in a .25/50 cash game, then blew it on a $50 Turbo SNG and lost it to a mid stakes grinder, who used a couple of hundred on a Sunday million seat, and so on.
I know this could never happen, I know it’s ridiculous, but the concept just interests me, that’s all!
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