Tag Archives: Board Games

Why did the Poker Bubble Burst?

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In late 2003, the American poker industry exploded. New players flooded the game. Tournaments flourished. Poker games became a fixture on television. By 2008, the bubble had burst. People left the game in droves. Tournaments got smaller. Television programs ended up on the chopping block. So, why did this happen? What caused the poker industry to boom and bust? Curiously enough, the answer lies in money, or at least the Federal Reserve’s control over it. Here’s more from Peter C. Earle at the Ludwig von Mises Institute:

Nearly a decade ago, poker exploded in popularity. Between television programming, media coverage, and pop culture references to it—in particular, the Texas Hold ‘Em variant—the game became virtually unavoidable. The American Gaming Association estimates that nearly 1 in 5 Americans played poker in 2004, up 50 percent from 2003; also, that nearly 20 percent of those new players had begun to play within the previous two years.

The creation myth associated with the poker boom credits the improbable victory of a prophetically-named Tennessee accountant, Chris Moneymaker, in the 2003 World Series of Poker (WSOP). Other accounts source James McManus’s 2003 book Positively Fifth Street and the 1998 poker film Rounders. Still other, more mystical explanations refer to the game’s sudden “cultural resonance.”

But fads and surges of popularity come and go; these explanations hardly account for why, in a short amount of time, tens of millions of people suddenly flooded into a familiar—indeed, 150 year old—American card game, frenetically expending tens of billions of dollars on it. Nor do they explain why between 2007 and 2008 poker television programs were suddenly cancelled, tournaments saw a drop in participation, and many poker-related businesses scaled back or failed.

Austrian business cycle theory (ABCT) can, however, explain the origins and outcome of the poker bubble as well as its simultaneity with the housing boom, which, as will be demonstrated, are by no means coincidental…

(Read the rest at the Ludwig von Mises Institute)

Nine Men’s Morris – A Game for the Blizzard?

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The snow is falling fast in New England and could reach two feet in depth by tomorrow. Power outages are a near certainty. For those of you looking for a way to pass the time, why not try your hand at an old board game, namely Nine Men’s Morris? Nine Men’s Morris is a strategy game that dates back to the Roman Empire. It became popular in England and eventually made its way over to the New World. It remained popular in America through the Civil War.

The Rules for Nine Men’s Morris

You need pencil and paper to draw the board (see image). For playing pieces, use checkers (9 for each side). The goal of Nine Men’s Morris is to leave your opponent with just two pieces or block him from being able to make a legal move. The game has three phases: 1) Place checkers in open positions; 2) Move checkers to adjacent positions; and 3) Move checkers to any vacant position (this is only done when a player is down to just three pieces). Here are some more specific rules from Wikipedia:

Phase one: placing pieces

The game begins with an empty board. The players determine who plays first, then take turns placing their men one per play on empty points. If a player is able to place three of his pieces in a straight line, vertically or horizontally, he has formed a mill and may remove one of his opponent’s pieces from the board and the game. Any piece can be chosen for the removal, but a piece not in an opponent’s mill must be selected, if possible. Once all pieces have been placed, phase two begins.

Phase two: moving pieces

Players continue to alternate moves, this time moving a man to an adjacent point. A piece may not “jump” another piece. Players continue to try and form mills, and remove their opponent’s pieces in the same manner as in phase one. A player may “break” a mill by moving one of his pieces out of an existing mill, then moving the piece back to form the same mill a second time, or any number of times; and each time removing one of his opponent’s men. The act of removing an opponent’s man is sometimes called “pounding” the opponent. When one player has been reduced to three men, phase three begins.

Phase three: “flying”

When a player is reduced to three pieces, there is no longer a limitation of moving to only adjacent points: The player’s men may “fly”, “hop”, or “jump” from any point to any vacant point…

For more on Nine Men’s Morris, check out Wikipedia. Good luck to everyone in the path of the storm!