There’s been a lot of talk during this year’s WSOP about the decline in numbers. So far in 2010 the fields for the lower buy-in NLHE events are down 7-27% when comparing to 2009.
Obviously the first reaction for most is to point out the shaky economy. Due to the US economy continuing to struggle, your recreational players have less disposable income to go around.
In the last several months, Europeans have been getting hammered as well. The Euro compared to the dollar is at its lowest point in four years making it less affordable for players to travel.
There could be many other reasons as well. Because the WSOP committee adjusts the schedule of events each year, its difficult to compare apples to apples. For example, in 2009 there was only one $1,000 buy-in tourney while in 2010 there are six, I believe. Plus there are several additional $1,500 events. This means players can travel to Vegas throughout the entire month to play in an affordable event as oppose to the first weekend.
When you couple the poor economy with the increased price in travel, you have a bad combination if you’re a poker player who respects ROI. Most are aware that airlines have reduced the number of flights they send to each location in an effort to cut costs. This fills up the planes and now airlines can charge more.
As I went to plan my annual trip to the WSOP, I was a bit shocked at the price of travel. In the past I would even fly down to Vegas multiple times during the month of June, round trip was $300. In 2007 I flew back and forth five times.
My flight this year from Wednesday night to Monday would run me $525. Plus hotels don’t give away free rooms like they use to. Hotel cost for a decent place (I do have standards and won’t stay in dumps) was to be about $700 after taxes and whatever else. That was at Caesers and was a nicely discounted poker room rate. I could stay at the Rio a little cheaper, they had rooms left surprisingly. Caesers is a $5 cab ride to the Rio.
You know how it is, when in Vegas you’re destined to buy a few $10+ Captain Cokes, cab fairs and meals aren’t cheap. So tack on another $400-$500 for meals and entertainment.
So four full days in Vegas and I’m stuck $1,700-$1,800 before I buy-in for a tourney! That sucks. And let’s be honest, $1,700 goes a looooong way when playing online and you still have a shot at large prize pools.
I love the experience of playing in the WSOP events and the atmosphere but its mathematically not the smartest decision to play in those events if you don’t have a large bankroll. We still have some great $1,000 buy-in options here in the state to get your fix and you don’t have to pay the travel expense.
And if I decide to play more conservative buy-ins like the $300 or $500 Venetian Deep Stack or Caesers Mega Stack events, I would pretty much have to final two-table in a 400-600 person field to simply get back my travel expense and be even on the weekend.
The cost of travel will definitely limit my WSOP experience this year. Pretty sure I won’t be making five trips, probably just one. Thus I can understand why numbers are down this year. It’s the mid-tier players like me that take the WSOP to the next level from a participation perspective.
Here are the 2010 WSOP stats from Events #1-10, provided by PokerNews.com:
Event #1 – $500 Casino Employees NLHE, 721 players, down 16.7% from 2009 (866 players)
Event #2 – $50,000 Players’ Championship, 116 players, up 22% from 2009 (95 players), down 22% from 2008 **
Event #3 – $1,000 NLHE, 4,345 players, down 27.7% from 2009 (6,012 players)***
Event #4 – $1,500 Omaha 8 or better, 818 players, down 11% from 2009 (918 players)
Event #5 – $1,500 NLHE, 2,092 players, down 25% from 2009 (2,791 players)
Event #6 – $5,000 NLHE Shootout, 358 players, up 27.8% from 2009 (280 players)
Event #7 – $2,500 2-7 Triple Draw, 291 players, up 13.2% from 2009 (257 players)
Event #8 – $1,500 NLHE, 2,341 entries, down 7% from 2009 (2,506 entries)
Event #9 – $1,500 PLHE, 650 entries, up 2.6% from 2009 (633 players)
Event #10 – $10,000 Seven-Card Stud, 150 players, up 5.6% from 2009 (142 players)
**= format changed from H.O.R.S.E. to 8-Game
***= this was the only $1,000 NLHE event offered in 2009. Six are scheduled this summer.
Bryan Mileski is the president and publisher of Minnesota Poker Magazine, and also the co-founder of the Minnesota State Poker Tour. Contact Bryan at bryan@mnpokermag.com