Jerry Forsyth said:
You made a statement about how large corporations pour money into poker tournaments. That is not the info that I have. When we interviewed Jay Helfert on RunOut Radio he stated that the poker players put up all of the prize fund with their entry fees and that the promoters take a large percentage of that so the players don't even get to win all of their own money back. The monies kicked in by sponsors go to the promoters, not the players. Jay, do I have this right?
Jay is talking about the poker players playing poker online.
Take poker as a whole, the events that are on TV. TV is where the poker money is at because of ADVERTISEMENT. Corporate America wants to be seen and sell, sell, sell. That's how they make their money.
This is basically what the IPT wanted to do. Kevin Trudeau's vision was, hopefully, to invest monies into pool, and give it a boost. It didn't work because there weren't too many investors from Corporate America into the IPT. The window was opened, but nobody took notice. After multi-million-dollar tournaments, barely a few words on ESPN about the event.
I don't blame Kevin Trudeau either, like some IPT naysayers do. Let's face it. Pool is a tough sell, and to date, nobody seems to have been able to make it a "hit" on American TV. Look at the recent pool game shows, i.e., Ball Breakers, that have come and gone.
This is what I wrote about the recent WSOP poker tournament held at Rio:
What struck me, Jay, is the similarities between pool and poker. Of course, there is no comparison when it comes to money payouts, but I'm talking about what the industry members talk about.
Did you catch the interview with Phil Helmuth? The ESPN guy was reaming him with verbal nasties, labeling him a clown, and Phil Helmuth stood his ground and said he believed the poker needed more personality, that the audience wants to be entertained. He stated he liked the 22-year-old Kahn from Poughkeepsie and thought he'd be an asset to poker. Helmuth thinks that himself, Mike the Mouth, and others are exactly what poker needs to grow as a sport. Sound familiar?
Then they spoke about getting Corporate America involved more in poker, how this year, the new sponsors came forth, Hershey's candies, Planter's peanuts, Hertz Rental Cars, Miller and Coors beer, and these are just the NEWest sponsors.
Poker has already got Corporate America. That is who pays for them to be on TV, which makes it popular. Poker industry members fly in the coat tails of Corporate America when it comes to monies invested in the poker sport. They rely on Hershey's candies, Planter's peanuts, Hertz, beer companies, et cetera, to pay for advertising, which pays for the first-class TV broadcasts we see all over the cable channels/
Pool has got, well, the pool industry to pay for TV and advertising both. The WPBA seems to get the majority of the pool industry monies from pool industry sponsors. Why is that? Does sex sell pool, like so many on this forum believe? Or, are women just smarter and are more business-like? I tend to think it's the latter than the former.
Poker is popular today because of TV, not from those entry fees that the poker players paid for the online tournaments. TV opens the window and allows more interested parties in from mainstream America, and when mass people are interested, Corporate America gets interested real quick.
Watching pool on TV today is sometimes like watching a B movie, B movie music and all! It's embarassing.
JAM