High Stakes Poker Season 8 has been cancelled by GSN. The High Stakes Poker show was a real highlight for poker fans when it started but it is another victim of Black Friday and the Full Tilt Poker Fiasco.
Even worse High Stakes Poker may have been a charade and a fitting tribute to all that was the old Full Tilt Poker.
High Stakes Poker has lost its popularity in the last couple of season but the news that the High Stakes Poker Season 8 series has been cancelled is still a bit of a shock as some had thought it might survive the post Black Friday poker TV show cull.
Rumours have been circulation since the demise (temporary?) of Full Tilt that High Stakes Poker was not the real deal. In fact it seems to have been a Full Tilt High Stakes Poker charade much like Full Tilt who ‘sponsored’ most of its players.
Mike Matusow publicly released the cat out of the bag, or made people suddenly think about what had happened before, after a situation on another poker show. In a Poker After Dark episode where he and Phil Hellmuth made an interesting and controversial deal. They agreed to pull back most of the money in the pot, that included another players small contribution, and only play for a much smaller amount. This was because they were flipping with AK v pocket Jacks but more importantly, unknown to those watching, were actually flipping with their own money and not Full Tilts funny money. Mike Matusow came in for a lot of stick and said on Facebook
all them other guys don’t play on their own money. They cheat and equity chop everyone online. I don’t feel like playing $200k pots
Phil Ivey plays on all of your guys’ money lol
Mike Matusow got other people talking and thinking about the whole High Stakes Poker scenario and especially Full Tilt Poker’s involvement in it.
Other players suggested similar things were happening poker shows and that most of the players on the High Stakes Poker were not playing with their own money and had deals with each other, so they could gamble. A very basic accusation of ‘team work’ amongst certain pros and especially the Full Tilt Pros.
The rumours are that Full Tilt used High Stakes Poker as a high profile advertising campaign. They bankrolled/sponsored their patched pros – so the pros were not losing their own money – and got high exposure on TV to all poker players in the world. This helped Full Tilt to become the High Stakes poker site to play on. Even if PokerStars have always had at least double the amount of cash table action and players, PokerStars did not have the High Stake poker stars.
This was part of Mike Matusow complaint and defense of himself. He was playing with his own $100,000 whereas the others were not. They could afford to take the gambles on High Stakes poker cash game shows but for him if he lost that $100,000 he actually lost his own $100,000 and not ‘Full Tilt money’.
Full Tilt money that actually turned out to be your money as Full Tilt did not segregate your player funds from any other funds. Such as promotions and perhaps ‘sponsoring’ their pros in the now cancelled High Stakes Poker.