Okay you guys have to keep a few things in mind though:
Online poker exists because live, brick and mortar poker came first.
I don't know about you, but I enjoy aspects of BOTH kinds of poker available today.
I love online poker because I can sit in my house, play five tables and drink beers. I dont have to hear anyone talk, and I can watch TV, or listen to any music I want. Its great
I enjoy live poker because it is a completely involved experience. You go to the card room and do nothing but play cards for hours, you read people, look at faces and it is a completely different game then the online exprerience. Its slower, but night and day from sitting at your computer in the dark of your bedroom...
Webcam poker could be a completely different beast. Would your $20-$40 hold em professional online obsessed nerd be a regular customer? No. It could be a great opportunity for social poker players to get involved though.
I would say it could fall flat, or it could be a very innovative game for the not so die-hard crowd.
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