Posts Tagged ‘Poker’

Poker Hand Matchup: Anthony Gregg vs. Chris Moorman

Outcome

Preflop, with the blinds at 400 and 800 and a 100 ante, Todd Terry raised to 2,000 from late position, Moorman reraised to 4,800 from the button, Gregg reraised to 11,800 from the big blind, Terry folded, Moorman went all-in, and Gregg called.

Analysis

Fresh off the win of his first major at the 2014 WPT LA Poker Classic, Moorman gives us a glimpse into his extremely aggressive preflop play. After trying to pick off a potential steal attempt from Terry with a three-bet, Moorman doubled down undeterred by Gregg’s cold four-bet out of the blinds. Moorman was hoping Gregg was also up to a steal, making a move based on the hostile dynamics between late position openers and the players they try to loot in the blinds. Moorman’s deep stack and the signs of strength from an accomplished opponent might have made the play unnecessarily risky, but these types of preflop antics are part and parcel of Moorman’s success both live and online. Gregg had Moorman in a bad spot, but a lucky flop gave Moorman the open-ended straight draw and Gregg a sweat. Gregg faded the draw, and his new found chips helped carry him to the final table where he finished in 7th for $ 189,244.

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CardPlayer Poker News


Published on 6:30 pm by Administrator

Category: Poker

Tags: , Anthony, Chris, Gregg, Hand, Matchup, Moorman, Poker

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Poker PROfile Q&A: Rising Live Tournament Star Pratyush Buddiga

In the early 2000’s it seemed that every week there was another “young gun” making a name for himself on the live tournament circuit. In the wake of Black Friday, there have been fewer and fewer players who make their way from online tournament grinder to high-stakes live sensation.

One player who has successfully made that transition in recent years and earned the title of “one to watch” is Pratyush Buddiga. Over the past few years he has put together over $ 1.3 million in live earnings, with a big win at the 2014 Fallsview Poker Classic that put him into contention in this year’s Card Player Player of the Year race.

We caught up with Buddiga at the 2014 Irish Poker Open main event to talk about his background in the game, how WSOP main event champ Pius Heinz and Mike McDonald helped him with his game and more.

Erik Fast: So Pratyush, I’ve been seeing your name in the results for more and more live tournaments in recent years. Can you tell me a little about your background in poker?

Pratyush Buddiga: I started playing poker a little bit in high school, but it was never very serious. By the time I went to University I essentially stopped because I was always busy with school. In 2010, I had this one pretty easy semester so I started playing more and made some friends with some poker pros through AIM (instant messenger). One of the guys who helped me a lot ended up being the 2011 WSOP main event champ, Pius Heinz. He helped me a ton with my game and I went from playing $ 20 tournaments online to the mid-stakes. I graduated from Duke in 2011 and after Black Friday I decided to just see where poker might go.

Pratyush Buddiga at the WSOPEF: What did you study in school?

PB: I studied economics, which isn’t directly applicable to poker necessarily, but it is a decent major and I am glad I got my degree at least.

EF: You say that meeting Pius was very important to improving your game. How did you connect with him?

PB: I met him on a poker forum, where I had hired this guy as a poker coach and he was in the same chat group with us. By the time Pius won the main event he was playing mid to high stakes online, and we became good friends. He is sort of semi-retired now so he doesn’t play as much, but in the beginning he was the biggest influence on my game.

EF: How did you start making the transition to the live game?

PB: I had started to get better online and in the beginning of 2012 I started to get coached by Timex (Mike McDonald) and from there my results started to get better and better. In the spring I had two big results on the European Poker Tour, finishing eighth and 16th in back-to-back main events, and that gave my bankroll a pretty big boost. In the summer of 2012 I moved in with Timex, and since then things have kept improving. Mike’s been an awesome coach for me.

EF: So you reached out to him for coaching?

PB: Yeah, I started playing more high stakes and was getting crushed. Moving up from mid-stakes, where I played pretty ABC and didn’t bluff a lot outside of some occasional three-bets. In the high stakes you can get run over pretty easily playing ABC so I reached out to Mike and his coaching helped me a lot. We became pretty good friends and after a while he told me that he had an extra bedroom up there (in Canada) and I thought, why not?

Buddiga moves all inEF: So in 2012 you had some live results, but all of a sudden last year I saw that you played in a $ 130,000 USD buy-in super high roller in Macau, where you finished eighth for $ 772,870. How did that come about?

PB: Basically, I was in Monte Carlo with Mike for last year’s EPT Grand Final and he heard about this tournament that was going to take place in Macau and it sounded like the best tournament that has ever been run. It’s going to be a $ 100,000 buy-in with more than 120 entries and mostly businessman, maybe only 30 big name pros in the field. He said I should try to play it, but I was hesitant because I hadn’t even played a $ 25,000 at that point. He insisted that it would be the best tournament ever run in the history of poker in terms of one that’s open to the public. So he said, “No matter what, you should try to get in.” These German kids were interested in buying my action, so I played.

EF: So how was that whole experience? Had you ever been out there before?

PB: No, I had never been to Macau. It was definitely pretty nerve wracking in the beginning. I hadn’t worn sunglasses at the table in forever, but on the first day I realized that it was my first really big buy-in so I should probably be extra careful about giving off tells. There were a lot of businessmen in the field, but there were also a lot of the high roller regulars like philbort (Phillip Gruissem) and Igor Kurganov, and if I end up at the table with them I don’t want to give anything away with tells. So I ended up wearing sunglasses. It was definitely nerve wracking, but probably the most fun I’ve ever had playing an event.

EF: The field definitely seemed a bit different than most $ 100,000 buy-in events, with a few more mid-stakes players.

PB: Yeah, it was definitely a unique tournament. I think if they run it again it will probably be worse because more pros will know how good it is. I think a lot of people didn’t bother because it was during the World Series of Poker, but this year they would probably make the trip.

Buddiga on day 1 of the 2014 Irish OpenEF: So just a few months ago in Canada you won the Fallsview Poker Classic $ 2,500 event for your first big live win after a deal you made three handed. As a result you’re now inside the top 50 in the Card Player Player of the Year race. Can you tell me about that experience?

PB: That was a pretty fun tournament. I was originally just going to head out there for the $ 5,000 main event, because I was in Colorado at the time visiting my girlfriend. Mike told me the tournaments were really good though, and encouraged me to make it out for the $ 2,500 as well as the main event. So I flew back to Canada and drove down with Mike. I ran hot immediately and chipped up incredibly quickly. I had around 80,000 at 150-300 blinds, which I never have, so it was pretty sweet and it was just smooth sailing from there. It was nice to finally close it out, after having the close results in the EPT events and the eighth in the Macau tournament, it felt good to get finally close it out.

EF: So where do you go from here, as far as your career is concerned?

PB: The main thing is for me to just keep working on getting better. I would like to be one of the elite tournament poker players. I’ve had pretty good results but I still think there’s a long way to go. It would be nice to win an online major, as I’m still playing a lot from Canada. After the Irish Open and the EPT Grand Final Mike and I are going back to Canada to play SCOOP (the Spring Championship of Online Poker on PokerStars). After that I’m heading to the WSOP for the whole time. Last year I only did the last few weeks, as I’m not a huge fan of Vegas, but now that my girlfriend is out in Colorado it’s a little easier for her to visit me, so I’m just going to be there from the very first event.

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CardPlayer Poker News


Published on 6:30 pm by Administrator

Category: Poker

Tags: , Buddiga, live, Poker, Pratyush, Profile, Rising, Star, Tournament

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Poker For Hope Coming To Caesars Palace This May

On Saturday, May 17 in the Caesars Palace poker room in Las Vegas, the first annual Poker For Hope charity tournament will take place, benefiting cancer charities Tia’s Hope, The Life Raft Group and Phase One.

The $ 500 buy-in event, which kicks off at 12:30 p.m. and will be hosted be former WSOP champion Jamie Gold, gives players two days of poker fun.

The first 100 players to register will be invited to attend a private VIP Celebrity Improv Show at Cleopatra’s Barge on Friday, May 16 starring Cheryl Hines, Kevin Pollack, Willie Garson, Larmorne Morris, Kevin McHale and Sara Rue. The first 175 players to register will get tickets to the Friday night showing of Absinthe.

Every player who registers for the event will be invited to attend a private poker lesson with Antonio Esfandiari. The $ 60,000 prize pool includes a $ 25,000 first-place prize and 10 separate $ 1,000 bounties on celebrity and pro players, which will be gambled on a hand or spin of roulette or blackjack.

To sign up, please visit www.pokerforhope.com.

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CardPlayer Poker News


Published on 12:30 pm by Administrator

Category: Poker

Tags: , Caesars, Coming, Hope', Palace, Poker, This

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Poker Strategy With Reid Young: Mastering Scare Cards

Reid YoungHave you ever been in this spot? You call a preflop raise with a medium pair like 7Heart Suit 7Diamond Suit out of position. The flop is 9Heart Suit 3Spade Suit 2Heart Suit, and you think “that’s not so bad.” You check to your opponent and call his continuation bet (c-bet). The turn is the KSpade Suit and your heart sinks. You check and again your opponent bets. You are probably in for a bumpy ride! Is he bluffing? Would he bet again with only a nine? Or did he hit that king on the turn?

What is a Scare Card?

Scare cards are those community cards that are most likely to adversely affect a particular player’s distribution of holdings and scare that player off of putting more money into the pot with a weak hand. In this case, we, as the out-of-position player, are nearly helpless on the turn king. Besides the heart and spade flush draws and the straight draws that also have two overcards to our pair that we may have to dodge on the river, if our opponent is semi-bluffing with them on the turn, we also have to worry about being way behind a king. Being against a flush draw and trying to guess which it is the times that the other draw hits the river isn’t so bad, but being a 9-to-1 underdog on the turn against a king is pretty rough.

Our opponent knows that we probably don’t have many kings to take the actions we have taken so far in this hand. Think about it. We only called preflop, so it’s unlikely that we have K-Q or A-K, and we probably don’t play hands like K-9, K-3 or K-2 preflop when we are out of position and facing a raise. If we did have K-Q preflop, then would we check/call with king-high and no draw on a nine-high flop? Probably not.

Based on the unlikely nature that we have a king, our opponent has free reign to abuse us on the turn by betting and by leveraging the possibility of future bets in such a way that maximally takes advantage of how unlikely it is for us to have a king on the turn. If you’re thinking ahead, then you may already be saying to yourself, “well OK, let’s just add some more kings to our flop check-calling distribution.” That’s only part of the answer though because the turn card isn’t always a king. In fact, the turn is going to be a king less than 4/47 of the time, or less than 8.5 percent of the time (since sometimes at least one other player has a king). The other 90 percent or more of the time, we don’t want to simply have to check/fold the turn. That’s like kissing our flop call goodbye a lot of the time.

Representing Scare Cards

Being prepared for the rare king on the turn means that we, as the out-of-position player calling the preflop raiser’s flop bet, need to have at least a few kings in our distribution. That way we can stand the heat at least a little bit better and also prevent our opponent from value betting as thinly. For example, if our opponent tries to value bet a hand like ADiamond Suit 9Diamond Suit on the flop, on a turn king, and on a river deuce, it’s less likely that we face that river bet with a hand that only beats a bluff and loses to his ADiamond Suit 9Diamond Suit. That lowers the value of our opponent’s strategy. Nice. But we still have to keep in mind that every turn isn’t a king.

That means that the ability to represent a scare card is tied to your opponent’s ability to take profitable actions up until the point that the cards comes off the top of the deck and is placed into the community cards that can make up all players’ hands. If a player can’t profitably get to a particular turn or river and have a particular hand, then it’s hell on him to try to defend against an aggressive player’s betting strategy. However, players can plan ahead to try to mitigate the effects of scare cards.

Mastering Scare Cards

If you learn how to recognize players that over-do bluffing on scare cards, then you can counter-exploit the fear that they try to leverage. In other words, a good player is going to make your life tough when the board gets bad for your hand and there is really not much that you can do to prevent losing money in the long run; however, an overly aggressive player gets greedy, and we can make him pay.

Recall the 9-3-2-K board. What if we, as the out of position preflop calling player, decide to check/call our king-high flush draws on the flop, as well as all our combinations of pocket deuces. Now, all of a sudden, on the turn king we aren’t so worried about folding a marginal hand. Of course, it’s very easy for our opponent to go wild bluffing and have us very worried about the value of our middling hands, like those red sevens. On the other hand, he’s occasionally going to run into our king or our set of deuces.

By planning ahead and knowing that a lot of the turn cards in the deck are actually pretty terrible for us the times that we have pocket sevens, we can start to understand exactly what other types of hands should be in our flop check/calling distribution. That is, if we take an action with a certain type of hand that ends extremely poorly on several common board run outs, then it gets to be clear that we should probably mix up our flop play a little more and add in some hands that are deceptive on a number of turn cards, and then on a number of river cards.

Stopping the Inevitable

It’s extremely important to understand that it is very difficult to offset the positional disadvantage in poker, especially as the board gets more dangerous for the bulk of your holdings. The most important idea to take from an overview of scare cards is that we can mitigate these negatives by constructing a versatile distribution.

While it’s ridiculous to assume you’ll have the best of it in all positions on all run outs, you can do better than your opponent when we put him into the same position. When you’re playing a hand out of position, often your only goal is to do better than you would have done by surrendering your blind bet outright. Many players assume they need to win most of the hands that they play from the blinds and try to make moves too often and win more than their fair share. Against a passive or exploitable opponent, that strategy might work well. However, the better players are going to tear up that strategy and just call you down when they turn their kings and fold their bluffs in proportion to your bluff size on the turn. So what if we want to do something about that turn bet than just check and call?

Fighting Back

We know that a lot of players over-do it on the turn scare card. They bet far more often than they could actually have a king or a better hand like pocket nines or pocket aces on that turn. Because our opponent is bluffing a lot of the time and the river is usually going to be incredibly scary, regardless of how often we believe our opponent is bluffing, we may want to raise the turn periodically to end the hand with our own bluff.

But if we are bluffing, then what are we value betting? Remember those pocket deuces that we decided to check/call on the flop the second time around. Now you’re getting it! If we are ready for all possible outcomes and we have a plan going forward that accomplishes getting money into the middle with our best hands and also protecting against aggressive players who leverage future bets on scare cards, then we have a balanced strategy. The most difficult player is in many ways the least predictable player.

Being able to have a strong hand on any board run out ensures that you don’t fall victim to being abused by scare cards. Also, keep in mind how your actions with a particular distribution of hands readies you for play on the next street! ♠

Reid Young is a successful cash game player and poker coach. He is the founder of TransformPoker.com.

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Published on 12:30 am by Administrator

Category: Poker

Tags: , Cards, Mastering, Poker, Reid, Scare, Strategy, Young

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Card Player Poker Tour Spotlight: Rem Remington

Rem RemingtonJacksonville local Rem Remington is finding his way back to the poker tables after taking a little time off to re-adjust to life with a new baby. After working at his own low-voltage wiring company, Remington played professionally for seven years before taking a break with his wife and baby and starting a real estate company.

Getting back into the swing of things is a grind, but Remington is ready and using his knowledge from his past professional time to start over. He secured a seat in the Card Player Poker Tour bestbet Jacksonville $ 1,500 no-limit hold’em $ 300,000 guarantee main event early and is looking for a nice score come May 8-12.

“Starting back over, grinding is a big part of it,” Remington said. “Playing satellites to get into the big events and doing the hard things that a lot of people don’t want to do. If you want to be successful you have to commit to those.”

“bestbet does a great job pre-event of allowing the local players to get into the main event through the satellites. And even satellites for the other events like Event 1 ($ 350 no-limit hold’em $ 100,000 guarantee). A local player that is really committed to that can really take advantage of that like I did. Getting into the main for $ 185, you can’t beat it. That definitely increases the profit margin, which allows you to do some other things.”

Name: Rem Remington

Resides: Jacksonville, Florida

Hometown: Tampa, Florida

Largest Live Cash: $ 17,563 – 5th, 2010 Winter Bayou Poker Challenge Main Event

You try to stay in Florida mostly now, but did you previously travel a lot?

It’s really nice that you guys and a lot of the tours are coming to Florida now because that’s a lot less traveling for some of us to get around a bit and that has really helped out a lot. Before the laws changed here in Florida, the stops were always Biloxi, Vegas, New Orleans, Tunica – so it just added a lot for someone who was trying to play the tour stops, especially for someone who lived in this area.

But now there is so much that goes on here at this great room in Jacksonville, and then down south is amazing, so now I can drive and I don’t have to be gone for too long.

Do you still travel occasionally?

I do. I still go to New Orleans – only because I run so good in New Orleans, I love it there – Biloxi and then obviously Vegas for the World Series.

Now poker is not your full time career correct? Or has that changed?

Well for about the past seven years, it was. I had a life change and had a new baby. So for about the last year and a half I’ve kind of slowed down and started a little real estate business. But now that the baby is getting older, my wife grabbed me and said ‘hey, you really miss poker right?’ And I couldn’t lie. I said ‘yeah, I do.’ So I’m getting back into playing full time. I’m excited about that and she is supporting me so it’s great.

Prior to the past seven years, what were you doing before?

I owned a low-voltage wiring company and then just got some freedom in my life that allowed me the opportunity to do what I wanted. So I studied up on the game, had a nice little run at the World Series, which bankrolled me pretty good and I played for a living for about seven years straight.

When everything changed on Black Friday, is that where your real estate business came into play? How did you deal with that change?

Well actually Black Friday didn’t affect me too much because I didn’t play a lot online, I played mostly live. But I was at the World Series during Black Friday and let me tell you, those kids were freaking out. They were trying to figure out how they were going to bankroll themselves during the World Series. It didn’t personally affect me but a lot of my friends were really scrambling. Quite honestly, it helped a lot of people who backed players start a business at that point, because there were a bunch of good players who needed funding. So there were a few people who were able to capitalize on that and make money.

From here going forward, what are your plans? You have played a couple CPPT stops and you are playing other tours as well, where would you like to be in a few years?

Just like a lot of what I call the grinding tour players – buy-in levels are great, the field sizes are perfect for someone who is really trying to what I call ‘break through’ – even though I’ve been playing for many years, everyone knows that player just needs that signature win. When you have that signature win it kind of allows you to play
differently. I’m going to continue to play on the Card Player Tour and some of the other tours when they come to Florida. I’m going to continue to play the World Series and try and hit my signature win and then go from there.

But poker just allows you a lifestyle that is great – freedom to spend time with your family and do what you want to do. So I’m good with it and just earning a living and moving forward. But everybody wants that big win. I’d love for it to be this weekend at the main event. I’d take that!

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Published on 12:30 pm by Administrator

Category: Poker

Tags: , Card, Player, Poker, Remington, Spotlight, Tour

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Carbon Online Poker Series Kicks Off In Early May

Carbon Poker is featuring the return of the Carbon Online Poker Series in May, with 80 events boasting a total of $ 2 million in guarantees.

The 15-day series kicks off May 4 and concludes on May 18 with nine different main events with $ 500,000 in guarantees up for grabs. Main event buy-ins range from just $ 1.10 to $ 530.

In addition to no-limit hold’em, the Carbon OPS will also feature H.O.R.S.E., pot-limit Omaha eight-or-better, badugi, pot-limit Omaha, stud eight-or-better, razz, limit hold’em and stud, with a minimum of four events each day.

Players looking to satellite their way into Carbon OPS events can utilize the various levels of six-max turbo and hyper turbo sit-n-gos, with buy-ins as low as $ 0.21 awarding cash and coupons.

U.S. players welcome.

If you’d like to play but don’t yet have a Carbon Poker account, click on the banner below. Card Player readers are eligible for an initial deposit bonus of 200 percent up to $ 5,000.

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Tags: , Carbon, Early, Kicks, Online, Poker, Series

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Poker Player Gets Five Years In Prison

According to a press release from the FBI, World Poker Tour champion Vadim Trincher was sentenced on Wednesday to five years in prison “for participating in a racketeering conspiracy” in connection with a “Russian-American organized crime enterprise.”

A co-defendant, Anatoly Golubchik, was also sentenced to five years for his involvement.

Trincher pleaded guilty late last year to participation in an illegal sports betting operation that catered to wealthy bettors in the U.S. and Europe. According to reports, Trincher’s business typically dealt with soccer matches.

Trincher and Golubchik were also each ordered to forfeit more than $ 20 million in cash, investments, and real property, according to the government.

Trincher was on the hook for decades in prison, but his plea deal saved him from possibly more time. It was reported that he could have been sentenced to 21 to 27 months in prison, so obviously the five years was longer than expected. Trincher is in his 50s.

Trincher won a World Poker Tour event at Foxwoods in 2009 for $ 731,079.

A total of 28 defendants in the case have pleaded guilty, and two have entered into deferred prosecution agreements. The defendants who have pleaded to date have agreed to forfeit, in total, more than $ 68 million. Trincher’s sons Illya and Eugene were also charged.

Altogether, 34 individuals were named in the indictment. Other poker players accused of involvement in the illegal enterprise include Justin Smith, Bill Edler and Peter Feldman.

For a full list of those who have pleaded guilty, check out the press release.

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Published on 6:30 pm by Administrator

Category: Poker

Tags: , Five, Gets, Player, Poker, Prison, Years

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One-Year Anniversary Of Nevada Online Poker Reveals Successes, Challenges And Goals For Future

Today marks the one-year anniversary of the first hand of real-money online poker in Nevada.

On the morning of April 30, Ultimate Poker, an offshoot of Station Casinos, launched real-money online poker in the Silver State. Its first hand was the first ever in a U.S. jurisdiction that licenses and regulates the Internet gambling industry.

It was a long time coming.

Nevada said OK to online poker in the summer of 2011, and regulators drafted rules, which were adopted in December 2011, for the fledgling industry in the following months. For many, pretty much all of 2012 and some of 2013 was spent trying to guess which site would be the first to the market. Ultimate Poker was the victor.

Since Ultimate Poker’s launch, products from the World Series of Poker, under the Caesars umbrella of ownership, and South Point Casino (Real Gaming) have hit Nevada cyberspace.

According to PokerScout, Ultimate Poker’s traffic in Nevada has been declining over the past six months, while the WSOP has been more or less holding steady since it debuted in September. Real Gaming’s traffic has been almost non-existent since its February launch.

Traffic for Ultimate Poker has dropped from an average of 150 cash game players online at any given time to just about 60, over the course of the past six months. The WSOP’s site has gone from around 110 to less than 100, during that time span. Numbers for both sites should increase during the summer, as thousands of poker players head to Las Vegas to compete for bracelets or participate in the side action that surrounds the live tournaments.

Tobin Prior, CEO of Ultimate Gaming, told Card Player that the market size in the jurisdictions where online poker is regulated has been below expectation. In addition to Nevada, New Jersey and Delaware have fledgling web betting industries. Nevada’s is only poker, while the other two also have other forms of casino games on the Internet.

“Nevada obviously is pretty interesting in that it was the pioneer for online gaming,” Prior said. “It took a pretty conservative approach in a number of regards. Firstly, they went with online poker only, and went with the kind of regime where you needed to get your product fully compliant in the labs before they would permit you to go through a field trial situation.”

It took until July for Ultimate Poker to have its full-fledged product approved.

Market Size

In the time between the initial launch and February, Nevada’s online poker industry has grown to more than $ 800,000 a month. That’s the money the three sites rake in from players. A total of $ 8.5 million in online gaming revenue was realized from April 30, 2013 to Feb. 28, 2014. The state benefits by being able to tax revenues generated from online gaming action.

While that figure has been less than what was hoped for, the past 12 months have been crucial for setting up a successful future for Internet poker not only in Nevada, but for the rest of the country. Other states—such as California and Pennsylvania—that are discussing possible legalization have obviously taken a hard look at how things have gone so far in Nevada.

“I think the big noteworthy achievements in Nevada [was that] going first had a lot of risk; a lot of people were watching to see if things worked, so it was really important it did work—that you could geo-locate people, that you could determine their age, that you could operate a regulatory compliant online gaming operation in the state,” Prior said.

“So those were the biggest achievements: that the regulations could be implemented and that technology could work, so you could run it in a fashion that the regulators wanted.”

If you forget the numbers for a minute and just consider that there hasn’t been any scandal related to online poker in Nevada, the first year has been an overwhelming success for not only the firms, but also the state. The regulations worked.

Payment Processing Issues

Though, in order to make online poker work, as has been proven by the smaller-than-expected market size, there is a need to constantly tweak things and make it easier for players to get money on and off the site.

That’s arguably more important than the overall aesthetics of a site.

Before Nevada going live with regulated online poker, the industry operated in a legal gray area, with the only way to play real money poker being through an offshore operator. That history has plagued the regulated industry so far in Nevada when it comes to payment processing.

“One of the biggest things we didn’t anticipate that we would have quite this much trouble on was the payment processing,” Prior said. “One assumed that when online gambling legalized most of the banks and credit card companies were going to embrace that legitimate activity and support transactions. But we still have a large issue with them not processing charges.”

“People are used to using a Visa card, for example, and when they experience problems with it they don’t suspect that there’s a Visa issue there but instead a problem with legitimate sites. And of course many can still process Visa transactions on unregulated sites.”

In other words, the financial institutions have been slow to recognize the new legality of web gaming in select states. The consensus is that they will eventually relax their restrictions.

There really is no bigger headache for players than having trouble depositing onto a site. And if you combine that with all the checkpoints needed to make sure a player is of legal age to play, within the physical borders of Nevada, and who they say they are, the work needed to be done prior to playing a single hand has proven to be a roadblock for the new industry taking off.

“It’s a lot more onerous for the customer than what they have been used to,” Prior said. “That definitely has an impact on the size of the market. It’s also difficult to move people who are playing on unregulated sites off those sites to a regulated gaming environment. That has been an interesting challenge. Implementing all the new technologies and guiding customers through it has been a learning curve for the consumer in the market and us.”

State officials have been looking at the issue as well, in addition to trying to figure out ways to increase the potential pool of customers that can access the online poker sites. In the first year of Nevada online poker, the Silver State has already inked a deal to eventually partner up with Delaware, allowing residents in both states to spend with sites in either jurisdiction.

Job Creation In Nevada

One of the reasons why Nevada legalized online poker in the first place was to help the state’s economy. Gaming of course is a dominant player in Nevada, and it’s responsible for jobs for many residents. Online poker was seen as a way to add highly-skilled jobs to the workforce.

“The reality is that jobs have been created,” Prior said. “We have grown in Nevada to over 60 full-time employees. There is very real and meaningful job creation. It is an entirely new business. These are not jobs that we have taken out of our other operations.”

And so far, there has been no indication that online poker has in any way taken away from brick-and-mortar visitation and spending. In fact, many casinos agree that, if done right, online gaming can create a synergy between the two spheres. Year one hasn’t revealed the full extent of this, but if Ultimate Poker can be used as an example, the fact that customers have been utilizing the option to deposit at a Station Casino location, online poker has brought people into a physical casino, and that alone can be positive for the property.

Though it has been a slow process, Nevada has laid the groundwork to be an online gambling hub in the United States, as Gov. Brian Sandoval outlined just a few years ago.

Dozens of firms have been licensed to offer online poker in Nevada, and as time goes on more are expected to test the waters. That means more jobs for the state and possibly an increase in live poker tables as well. The online poker boom during the 2000s increased the popularity in the game, one that spilled over into “real life” as well.

The year 2013 marked the first time since 2007 that poker revenues increased in Nevada.

Revamping the Software

Prior called the process of developing upgrades to his company’s software, getting them tested by the labs and then approved by Nevada regulators “time consuming.”

But it’s necessary, he said.

“It’s important to improve our product in line with what consumers expect and want. It’s one of the prime areas of focus for us right now,” he said. “A lot of the technologies that we pioneered [in Nevada] are getting better by the day.”

The company has been working on “refining” its technology and always focusing on making its product more attractive to gamblers. In the coming weeks, the firm will release another version of its software, likely providing players with a game that is closer to what they are used to.

However, some of the upgrades are as simple as increasing the options for poker players. When Ultimate Poker launched, limit Texas hold’em and no-limit Texas hold’em ring games ranging from $ 0.01-$ 0.02 to $ 10-$ 20 were the only cash games available.

Of course, year one isn’t the only time during which big changes will be made to online poker sites in Nevada. It is obviously a perpetual process, one that will be ongoing as long as there is an online gambling industry within the Silver State. Growth is the name of the game.

Prior added that the value of all the work done by the customer to get their age, identity and location checked “will come with time.” In other words, there should be a time in the future when online gamblers realize the importance of all these efforts to make the games, and their funds, safe and secure and eventually ditch unregulated sites for good.

Federal Online Poker Bill Drawing Slim

One of the key developments in the first year of Nevada online poker is the industry’s further realization that a federal bill authorizing the activity is almost surely not going to happen. The odds are basically astronomical, and the firms, as well as the state, have adjusted to this reality.

Prior said that the chances of a federal online poker bill are “pretty remote.” Prior pointed out that only about four percent of the entire population of the United States lives where online poker is legal and regulated, so while very unlikely, a federal bill is of course preferable.

Revenues below expectations so far make a nationwide network seem even sexier, but that is not in the cards for the industry. “We will follow whatever route to market that we can,” Prior said. “If it goes state-by-state, then we’ll pursue that. If it goes federal, we’ll go along with that.”

Even though the federal government is unlikely to act in any way on the online poker issue, past decisions by lawmakers on Capitol Hill are still impacting the industry—namely through the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA). That law has made payment processing to this day difficult, even for the regulated U.S. sites, and most of the work right now is to figure out ways to undo online poker’s past.

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CardPlayer Poker News


Published on 12:30 pm by Administrator

Category: Poker

Tags: , Anniversary, Challenges, Future, Goals, Nevada, OneYear, Online, Poker, reveals, Successes

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Poker Pro-File Q and A: Jake Bazeley

Jake BazeleyJake Bazeley has quietly put together a really solid 12 months on the circuit. The 31-year-old tournament grinder made two final tables at the 2013 World Series of Poker and then final tabled the Heartland Poker Tour main event in St. Louis.

He then started of 2014 with two more final tables before earning the biggest score of his career, a $ 371,931 payday for finishing fourth in the World Poker Tour Seminole Hard Rock Poker Showdown, the largest WPT event in history with 1,795 entrants.

Card Player spoke with the Cincinnati native to discuss the ups and downs of his eight-year career, his online poker travels and how there seems to be a lack of younger new players in the game today.

Julio Rodriguez: Congratulations on your latest score. Was it bittersweet to finish in fourth?

Jake Bazeley: When I busted, I was fine. Getting fourth in any tournament for that amount of money is so absurd, you just can’t help but be happy. But at the same time, I had a real shot at seven figures and came up short. You really just have to focus on the positives. For this particular tournament, I reminded myself that I’m normally playing in WSOP Circuit or HPT tournaments where the top prize is $ 100,000 to $ 150,000, so it’s really like I won three tournaments all in one shot.

JR: What’s the biggest thing you’ve learned in your eight-year career?

JB: I have lived every possible stage of a poker career by now. I’ve been rich and broke three different times. I’ve been backed, I’ve backed other people. I’ve seen it all and I’ve really learned from my mistakes. I think right now I’m playing my best poker ever and it has started to translate into some success. I think I’m picking my spots better and that gets easier with time and experience.

JR: Like most poker players, you’ve become friends with a solid group of successful players. How hard is it to not be jealous when someone in your circle makes a big score?

JB: When you’re not hitting your scores, you have to be positive and be happy for your friends. It’s kind of sick, because I can almost always tell who is happy for me and who is going through the motions of congratulating me when I do well. There is obviously a lot of jealousy in the game. I’ve always been ready to celebrate and share in the success of my friends, but that’s a skill that comes easier to some people than others. I totally understand it too. This is a tough game and everyone is trying to get their hands on the same chunk of the prizepool. There isn’t always enough to go around.

JR: When someone is suddenly swimming in cash thanks to deep run or big win, how often do you think it affects their future performance?

JB: I see it all the time when someone gets a huge score in a tournament and all of a sudden, they think they’ve got it all figured out. The buy-ins don’t matter to them anymore and they’re on autopilot and half-assing everything for the next six months to a year. Before you know it, they’ve given it all back. You have to be really on top of your game every day to win consistently. Every decision you make has to be your best. The competition is just too good to rely on the cards to get you there.

I definitely had times in the past with online poker where I found myself just clicking buttons for a month straight. Because there was always another tournament starting, I never really gave myself the chance to step back, evaluate and adapt. But with live poker it’s much easier to really think about your game. When you bust a live tournament, you have nothing to do but think about it.

JR: Speaking of online poker, you were one of the top online players before Black Friday. How often do you get to play online these days?

JB: I usually just travel to play online poker for a couple of series’ each year. I have some buddies who live in other countries who are doing it on a more consistent basis than me. If I wasn’t currently in a relationship, I might be more inclined to making the move more often. So far, I’ve traveled to Mexico, Canada and Costa Rica to play online. This time I’m going to Amsterdam.

Costa Rica is a beautiful place, but then you go to Rosarito, Mexico and you never want to leave your condo because you’re so uncomfortable outside. Even when I was in Windsor, Canada, it wasn’t the greatest area. It’s unfortunate that U.S. players have to do it, because I’d much rather be playing from home in Cincinnati.

JR: It seems like there aren’t very many young American poker pros these days. Even in some of the states where poker is still booming, such as Florida, Pennsylvania, Maryland and Ohio, it feels like the newer players are more likely to be retirees or successful businessmen.

JB: I agree, there aren’t very many young American players jumping into the game right now. All of the 21-year-old sickos are European online pros that we really don’t get to see until the WSOP rolls around. When I was in my early twenties, there were dozens of American pros that young. Today, in the tournaments that I play in, I never really see that anymore. Obviously, that has a lot to do with the fact that there is no online poker, outside of a few states, to introduce the game to a new players. Even if a young kid wanted to break into the game, he’d have to do it live, which makes it so much tougher. Everyone is on their computer all day, every day, so if we want the game to continue growing, we need online poker to appeal to these new players.

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CardPlayer Poker News


Published on 6:30 pm by Administrator

Category: Poker

Tags: , Bazeley, Jake, Poker, Profile

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TonyBet Online Open Face Chinese Poker Series Kicks Off

A week ago TonyBet Poker announced the launch of the first Open Face Chinese Poker series in online poker history. On Monday, that history became a reality as the first event of the series, called “My First Trike” kicked off at 10 p.m. (UTC+3).

The first out of 12 tournaments featured a €10 buy-in and €1,000 in guaranteed prize pool giving players the chance to warm themselves up before the bigger events.

In his interview with Card Player last week, the TonyBet founder Tony G said he was expecting overlays and it seems he was right. At the time of writing there were 63 players registered for the first tournament of the series. It doesn’t take a genius to figure out that a €10 buy-in event with €1,000 in guarantees needs at least 100 entrants to gather the prize pool.

We caught up with Tony for another quick chat today to ask how the series was going.

“It’s going really well actually”, Tony replied. “I honestly expected to have 100 players in the first event, but I’m also happy with what we have now. As I said before, this is our gift to the players. I invited everyone to play and a lot of people RSVP’d with a “YES”. I can already see these people in the players’ list and I’m sure more will come within the final minutes.”

When asked whether he’ll be playing the events himself, Tony pulled out some of that G character, that the poker community loves him for.

“Of course I will! Not playing this event is simply out of the question. Look, I’m a nice guy and all, but when I’m at the tables, I want to rip everyone’s guts out and eat them for lunch! That’s how devoted I am to this game. I’m ready to destroy everyone who makes the mistake of standing in my way. You want a piece of Tony G? Come and get me!”

The site has also announced it’s running both paid and free satellites to all OFC Poker Opener events allowing players to enter the tournaments for a lot less that the original buy-in or even for free.

For more details on this Open Face Chinese poker series go to the OFC Poker Opener page.

Here is the full Tournament Schedule:

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CardPlayer Poker News


Published on 12:30 pm by Administrator

Category: Poker

Tags: , Chinese, Face, Kicks, Online, Open, Poker, Series, TonyBet

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