Year In Review
In the poker world, no news is good news. Unfortunately, there was a
lot of news in 2006. On the plus side, some of the news was
encouraging. But for the most part, the old adage turned out to be
correct. Here were the top news stories of 2006: The Unlawful Internet
Gambling Enforcement Act: Even if you have been trapped on a desert
island for most of 2006, you probably have heard about the Unlawful
Internet Gambling Enforcement Act (UIGEA). Passed in late September,
the stroke of a pen led to the exit of major poker firms from the US
market. online poker 468x60 This was by far the single biggest event
of the year in the poker world, and the fallout from this act will be
one of the top stories of 2007. Only time will tell what the full
effects of this bill will be. Current US-facing poker rooms may face
indictments if they continue to accept American wagers. Public
companies that used to rely heavily on US traffic may go private so
that they can resume accepting US players. Banks may soon roll out
policies that effectively block transactions with online gambling
sites, making it incredibly difficult for American players to gamble
online. Poker's Worldwide Growth: Those skeptical that poker could
never have international appeal have been quieted after 2006. Poker's
popularity grew incredibly outside the United States in 2006,
especially in Europe. Poker shows are now broadcast frequently across
Europe. Poker sites not only have their websites translated, but their
software is also now translated into the major European languages.
Major European-focused sites that do not have their software
translated yet will likely do so in the first half of 2007. WSOP Sets
New Record: The WSOP once again set a new record for most entrants,
drawing a whopping 8,773 entrants for a prize pool of over $82
million. This shattered the previous record set in 2005, when 5,619
people ponied up $10,000 to enter the Main Event. Most expected the
2006 WSOP to draw between 6,000 to 8,000 entrants. Having 8,773
entrants really testified to the growth poker sustained during 2006.
The record for most WSOP entrants used to be a short-lived one. Each
year's WSOP drew more entrants than the previous year's and created
the new record. However, it appears that the 2006 record will last for
quite awhile, if not forever. Due to the passage of the UIGEA, we can
expect a sharp dropoff in the number of WSOP entrants in 2007 and
perhaps even a bigger reduction in 2008. An $80 million plus prize
pool with a first prize of $12 million is a feat that most likely will
not be repeated anytime soon. The Jamie Gold Saga: Chris Moneymaker,
the 2003 WSOP champion, led to the poker boom due to his Cinderella
story of parlaying a $40 tournament satellite intro into a $2.5
million payday. The 2004 champion, Greg Raymer, has become one of the
best-spoken ambassadors of poker. Last year's champion, Joseph Hachem,
led to a poker boom in his native Australia and has also since become
one of the most respected players on the tournament circuit. What did
this year's WSOP champion, Jamie Gold, accomplish? He got sued for
half his winnings. Crispin Leyser is suing Gold claiming that the 2006
champion promised him half of his winnings before the tournament
started in exchange for getting several celebrities to dawn Bodog gear
at the Main Event. Gold's WSOP entry was paid for by Bodog with the
expectation Gold would convince several celebrities to wear Bodog
apparel at the Main Event. The case is ongoing, and it appears that it
will not be settled soon. Currently, half of Gold's winnings have been
frozen by the state of Nevada pending the outcome of the case. The
"Grandma Dilemma": The first major case of online cheating was exposed
publicly this past February. Several players were caught entering
multi-table tournaments with multiple accounts. By entering the same
tournament multiple times, the player had an increased chance of
winning the tournament. Major internet phenoms JJProdigy and ZeeJustin
ended up getting caught and having their poker accounts closed. The
scandal was known as the Grandma Dilemma since JJProdigy tried to
claim his Grandma was the person who played in a poker tournament
under an account that eventually went on to win $140k. Only later did
JJProdigy admit the Grandma excuse was not founded in any truth. Greg
Hogan Case: Those troubled by online poker's growing popularity among
college students are quick to point out Greg Hogan, the former
sophomore president of Lehigh University that robbed a bank to fund
his online poker habit. Hogan had lost about $5,000 playing poker and
soon found himself owing people money. In a testament to the US
educational system, this acclaimed student decided the best method for
recouping his losses was to hand a note to a bank teller claiming he
had a gun and demanding money. After taking a little under $3k from
the bank, he rode back to his frat house with his friend (who did not
know of the robbery). Needless to say, he was picked up by police
later that day and charged for the crime. The impact of this case
should not be understated. Many major proponents of the UIGEA were
quick to point out this case as an example of internet gambling's
detrimental affects on youth. Those who are pro-online poker are also
quick to point out this case as an example of online poker's merits.
After all, if your opponents at the table are so dumb that this is the
best sort of bank robbery scheme they can concoct, there must be a lot
of dead money sitting at the tables.