I am not much of a poker player but want to get into it and have seen some pokers start up here on the forum but seem to lose steam after a while. Just picking up ideas before I go hunting for where to play, just for fun that is.
- Jay -
It's not that I think so, it's just the way things are, here are some points:
1. In the 2000's and especially since Moneymaker's victory in 2003 poker experienced a boom, it was an expanding market, today it is in decline, as it happens many times and it is natural in the markets. If you want growing markets, look for crypto (better Bitcoin) or AI.
2. Although poker was forbidden in the USA, nobody controlled it and many American players played on the sites, which made it very easy to win. This may seem paradoxical but the average American who entered to play was quite bad and showered the tables with money, since in the USA there was quite a tradition of poker as entertainment and it was (and still is) the country with the highest GDP in the world. After Black Friday, things changed, the markets became compartmentalized, the Americans disappeared and the market began to shrink.
3. A few years before the BF poker schools had started to emerge, which was a good idea, especially in the beginning, but it made a lot more people learn to play, which made it harder for everyone to win.
4. As a consequence of the decrease of the market, the compartmentalization and the need to pay licenses to be able to operate, the houses started to increase the rake and lower the rakeback, which lowered the profits for the players.
5. All these points made it more and more difficult to win, and it is still possible, but it is much more difficult than it was 15 or 20 years ago. The only exception were several months during the COVID when there was a recovery, where the traffic of people who didn't know how to play much increased and it was like remembering the old days. Lots of bored people at home playing poker while having a few drinks.
In conclusion if you want to play poker to pass the time do it, but if you want to start now to make poker a source of income you better focus your efforts on a growing market.