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WSOP increasing main event buy in
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[QUOTE="Adventurebound2, post: 723061, member: 1035447"] Harrah's, who owns WSOP makes X amount from each player and by raising the entry to one that few can afford will do nothing but crush the proffits to be made. Sure they will get a bigger take per person but if that take is 1/20th or less than before the price is raised 5x to 10x they are looking at a subsantial loss of revenue. Did you happen to notice the drop in the field once Harrah's bought the WSOP all ready? That was mainly because of some rules Harrahs put in to stop gaming websites from sponsoring players who had to wear clothing with their logo (Full Tilt is a god example) and other very restrictive rules related to that. Harrah's greed is certainly a factor here. After all what casino would want another advertising on tv at an event they host? The thing Harrah's overlooked is they are not loosing business to FT or similar sites that people use to gamble online. Those same people are the ones that take the Vegas vacation, and with online experience they are prepared to spend more playing poker etc. in the live casino than ever before. Watch a bit of '06 WSOP and you'll see a lot people wearing logo for sites (like FT), then watch '07 where they weren't supposed to wear the logo'd clothes. Personally, I think raise the fee that high is delusional thinking of the management of Harrahs induced by all the media coverage of the Main Event that has them believing that a lot of people are ready willing and able to cough up 5x to 10x the fee of 2 years ago. Just because the WSOP main event was the most sought after game over the last few years certainly doesn't gaurentee it will continue to be in the future. (talking 5-10 years from now, more or less) On the bright side it has brought new competition into the limelight, who are putting on realtively afforadable tournaments. Take the WTP and PPT as two examples. I would undoubtably expect to see more of these organizations in the future as more companies start up to attract the money that WSOP, WPT, PPT etc. clearly show being made at their major events. Television popularity and the dream of many to make big bucks from poker will certainly drive this industry forward (remember the lottorey 20 years ago compared to today? safe to say it has grown quite a bit.). I can also see the WSOP slowly decline to obscurity if they continue on the path of the last two years since it was purchased by Harrah's if they don't rethink what they are doing in relations to their policies and pricing. By the same token if they went back to the pre Harrah's policies and allow internet sites the same privilages as before while keeping the entry fee reasonable we could see it grow it to something far bigger than any of us imagine as online poker contiues to grow exponentially through time. Just a passing thought...... [/QUOTE]
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