Why does poker keep getting harder? Are our opponents improving as quickly as they used to? And what factors will determine whether live poker remains beatable in the years to come? Also included in this episode of Third Man Walking: a review of a no-limit session in which your correspondent plays two big hands with pocket tens at two very different stakes.

0:00 Introduction
2:56 The Pareto Principle
8:33 The threat of an economic downturn

9:49 Session review: $5/$10/$20 NLHE and $5/$5 NLHE

18:37 Why very young people no longer dominate poker
22:05 Online poker
23:33 Impact of laws and rules

26:23 Plans for Third Man Walking