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TV coverage is not representative of actual tournament poker. They are "all-in fests" because those are the most dramatic hands and are therefore shown as part of television coverage. Showing someone raising three times the big blind and then taking a small pot with a flop bet just isn't compelling television so isn't shown despite being the bread and butter of tournament play. Internet poker and televised tournaments have injected millions of players into the game. It has changed its dynamics, but hardly "destroyed" it.