Re: An Unprecedented Time: Teenagers and Poker
 

Bah, there have always been "get rich quick schemes". Some of them work for a short time, some of them work only for a few people. The same "dangers" of youth have always existed. Some people make easy money and don't learn soon enough it's not really that easy. There are a lot of rich and not-so-talented "dot commers" out there, for example.

Re: An Unprecedented Time: Teenagers and Poker
 

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You missed the dot com boom.


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And the housing boom. A huge number of 18-25 year olds became mortgage brokers / real estate agents and just raked in cash during the good times. An aggressive broker with no morals could kill in a hot market.

J

Re: An Unprecedented Time: Teenagers and Poker
 

Isn't the really easy answer to this question "2 years ago?"

Re: An Unprecedented Time: Teenagers and Poker
 

Poker is / was a unprecedented opportunity for 18-22 year olds to a)make lots of money AND b)accumulate an amount of wisdom within a few years it takes most people decades to reach. Future financial success will depend on one's focus on B rather than A, because a focus on B is simply a longer path to A, while a focus on A while disregarding B is a path to financially spoiled ruin, regardless to how much money was made.

In other words, its all about what you learned, partially because the people who are in the top echelon of "accumulated wisdom" are by defualt successful enough financially where the difference between their networth and that of the top top "financial" echelon is not going to be important in the long-term.

Re: An Unprecedented Time: Teenagers and Poker
 

Jurollo,

online poker can be (not IS) a very lucrative outlet for young teenagers, but this phenomenon does not apply to the masses...the number of online teenagers devoting hours to multi-tabling online can't be higher than the number of teenagers participating in other extraciricular activities


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How many of said prodigies can we suppose will make the most of their winnings?

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when I think we should be asking, "how many prodigies will actually win with some sort of consistency?"


you're only young once, you never get those precious years back...that enjoyment that comes with being a teenager does not include sitting behind 2 flat screen monitors grinding while the years you'll miss the most pass you by...

Re: An Unprecedented Time: Teenagers and Poker
 

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you're only young once, you never get those precious years back...that enjoyment that comes with being a teenager does not include sitting behind 2 flat screen monitors grinding

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speak for yourself sir!

Re: An Unprecedented Time: Teenagers and Poker
 

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So I was thinking about this on a long drive the other day. When, if ever, has their ever been an outlet even remotely as lucrative for 18+ year old kids (and sometimes younger) as online poker is right now? What effects do we think that the opportunity for a fairly large group of youngsters to win/lose fairly large sums of money in a short amount of time will have on this generation short term/long term if any? How many of said prodigies can we suppose will make the most of their winnings? Squander them? I think it will be a VERY interesting dynamic going forward for the next 10-15 years+

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Curious - anyone have any numbers on this?

Also, I think it would be interesting to read some kind of research on this specific group of people. The online poker opportunity is markedly different from securities trading, dot-com, and real estate, imo.

-Al

Re: An Unprecedented Time: Teenagers and Poker
 

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you're only young once, you never get those precious years back...that enjoyment that comes with being a teenager does not include sitting behind 2 flat screen monitors grinding

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do you think people like grimmstarr et. al would be out tree-climbing and living life to its fullest if they didn't play poker? The people who gravitate towards poker in the first place are the ones who would be playing (more) videogames instead.

I know when I was in highschool in suburbia all we basically did was watch movies, play video games, smoke up, drink a bit, etc.

Re: An Unprecedented Time: Teenagers and Poker
 

I would think selling drugs would be the only fair comparison. It seems so much more common for a teenager to become a self-made millionaire through poker than anything other than drug dealing, or baseball, basketball and soccer. The athletes should be a fair comparison as well, since only the top .0001% of them make millions, which is probably pretty close to the amount of millionaire teenage poker players.

Re: An Unprecedented Time: Teenagers and Poker
 

There's probably more rich teenagers from Premier League alone than from poker. OTOH, there's a lot of young kids swinging significant money up/down even if they're break-even or losing players.