Re: Basic Economic Situation
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What will happen when the game is eventually 'killed'?
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It will metamorphose into a different game or format. Limit hold em was supplanted by no limit for this reason--too many people had learned to play it, so it was killed by the law of diminishing returns. No limit hold em will die the same way (as it has died before), if it isn't gone already. Another form of poker will take its place.
Will the poker boom last? Don't know. Just as different forms of poker have life spans, so do forms of entertainment. I don't see how the present level of players who think they can make a living at it can be maintained, however. They will be done in by not only the law of diminishing returns, but by the "greater fool" theory, unless television can continue generating interest in younger players.
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