Interesting thought

A couple of nights/early mornings ago i was watching TV and saw a program about the super rich. These people were billionaires and hundreds of millionaires if you know what i mean. In the program it showed a guy who started an airline that catered to the super rich. He charged 100 thousand dollars just to become a member and 25 thousand a year to star a member. So this got me thinking...

...Why not poker. What if I were to start a cardroom or online cardroom that catered to the super rich. Have tournaments that cost 500 thousand dollars to enter and have cash games that are like 10,000/20,000. Even though there wouldn't be that many people in the cardroom, the rake would be enormous.

Thoughts?

on line or live card room?

I had the cash id be right in there to start my own site...If you ever do it let me know! ill invest! lol. How much would it cost to start a site do you think?

Love the idea. However, I would hate to figure up what this venture's start up cost would be. Have you any idea?

Lefty

I have no idea how much it would cost for a site but I'm thinking it would be more fun for the super rich if they were actually at a casino so i would probably make it a live card room and that would be in the 100's of millions or higher probably. Honestly though i have no idea what it would really cost. It would probably pay for itself very quickly. Another thought is if i did it online then the richer top online pros would probably want to play on the site because they are used to online plus they don't have to leave there house.

It is a good idea... problem is the legality involved. The licensing alone will cost upwards of $100,000. And if you are designing this site for the suppppper rich then the place they play must be supppppper rich. An online site might be a good option, but currently we are going through a political upheaval that is going to threaten any business online that deals in gaming.

It is a great idea in theory, but unless you can find a wealthy investor then I would say it is a bit unrealistic.

if youre going to dream ... why wouldnt you want to be the millionaire player instead of the cash sucking raker?
- besides the high stakes tables dont pay as much rake- its there to draw all the wanna be fish into the game... the bait.

If there were demand for such a thing it would already exist. Whats to stop super rich people setting up a game between themselves?

And most importantly. A lot of the superrich wouldnt be interested in gambling.

Why would they need to? they dont need the money? and if they play to relax, smaller stakes would be less stressful.

obv u never heard of andy beal and guy laliberte

Yes i have actually son, but the idea is flawed. Even the poker players cant afford such stakes. Remember the pot with Gee and David Benayeme (sp?) the pot was so large Gee allowed david to take back most of the pot and just play for a smaller one. I just think if the demand was there it would already exist. But i feel even if there was demand the interested players would just set it up between them and not waste any rake fees.

And at high stakes poker, a lot of the large pots have the turn and river run a few times to allow both players a share of the pot. this shows that in reality a lot of the players do not want to gamble for so much.

there are so many poker sites out right now that i dont think this would work you would need to find a way to get people to come to your site by giving out great bonuses or something..so i think you should find a new idea..

A few things random observations:

1 - Apparently these games already exist. They're in Moscow. The new-rich oil barons and all that. So Tony G tells us, at any rate.

2 - Word during this year's World Series was there were barely a handful of pros who had enough cash in their Vegas boxes to play in whatever fanciful high-stakes game ideas were being thrown about (a $5K/$10K NL game, from memory - keep in mind the Big Game only plays $4K/$8K limit or $100K cap pots in NL).

That'd probably be an attraction for the mega-rich, actually - if it was a game that almost no poker pro could afford to buy into, maybe the whales would have a chance to win for a change

3 - It'd have to be live. No way in hell is an online room ever going to be baller enough.