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Poker News on Friday, October 27, 2006

European Poker Tour - Dublin - Day One 'A'

Hoping the luck of the Irish would be on their side, 195 Players were ready for action this afternoon to begin Day One 'A' of the European Poker Tour Stop at Dublin. The Regency Hotel is the host of the tournament. Refreshingly, the tournament room is huge, which leaves players (and media) plenty of room to circulate. Also refreshing is the fact that there is no smoking allowed in the tournament room. So, unlike a couple EPT stops, you don't leave the tournament room smelling like an ashtray. Tournament officials had implemented a new system, called 'CardRoom Magic', which manages the entire tournament from beginning to end. The system even has a voice that announces the new blind levels, when breaks are, etc. The

system is apparently gaining widespread use throughout Europe, and has the blessing of the British Gaming Control Board. The majority of the big names are scheduled to play tomorrow on Day 1 B, but some of them decided to come down to the poker room early, just to 'have a look'. Ram Vaswani was playing Chinese Poker with a friend in the corner. Greg Raymer was playing some freerolls - just to give poker players the pleasure to be able to say that they had played at the same table as a former WSOP Champion. Raymer also gave some tips to his tablemates. "I wish I had played a sit & go with him. I would have raised him with 2-7 and then showed it to him" says a young man watching from the corner. One thing I found interesting as I walked by the cash games, is it seemed if a player got up, and missed a big blind, he or she didn't have to post to get right back into the game – they call it "player joins the table as a guest". There is no time charge here in Ireland, and it seemed to be the rake was running at about 5%, which, depending on where the player was from, was either met with delight, or dismay. I saw one player at the 2/5 No Limit table with only about €35 left in front of him (the buy in was €500) . I looked at him quizzically, and he said he had just had his Aces cracked the hand before, and was ready to go after he dumped his last few chips. Three hours later, I walked by again, and he had €1,800 in front of him, claming he had never re-bought in. A couple players at the table verified his tale, as he sat with the world's biggest grin on his face – you gotta love No Limit Hold 'em. The hand of the day involved Marc Goodwin. After calling a players all in for 7,200 chips, the player behind Marc re-raised 13,000 more all in. About 2 minutes of deliberation later, Marc decides to call with 6 6. The original all in player flips over 3h 4h. The re-raiser, however shows Q Q, and Goodwin is in trouble. But, there are five more cards to come, and if you follow tournaments, you probably know what's coming. The flop is 7 8 10, and Marc picks up a few outs. The turn is another 7, but the river is a 6, and Marc wins a 47,000 chip pot, making him one of the monster stacks at that time. Goodwin managed to wield that stack like a hammer, and finished the day second in chips with 98,200. Day one 'A' finished with 49 of the original 195 players still standing. The chip leader is Norway's Jonas Helness, with top European players Paul Testud, Roy 'The Boy' Brindley, and Andy Black lurking near the top. Norwegian wunderkind Johnny Lodden finished the day on about 45,000 chips, slightly above average. Chip Counts are below. Day 1 B will start Friday at 2:00pm local time, and the list of big names playing is a mile long. See you tomorrow. Chip Count for Day 1 A: JONAS HELNESS 117,400 MARC GOODWIN 98,200 KEVIN BREESEY 83,900 TESTUD PAUL 77,100 ROY BRINDLEY 71,600 STUART FOX 69,800 ANDY BLACK 69,000 JOAKIM HAMMAR 66,500 DAVID CLAYTON 61,100 JIM KERRIGAN 57,500 NICK SLADE 52,600 AZOD PIROOTI 50,100 JEFF GALZA 50,000 FERGAL MCKEEVER 49,200 EOIN OLIM 47,100 JOHNNY LODDEN 44,900 RAVI U 44,600 TRIGAS MAXIMILIANUS 41,800 CHRISTOPHER STALIE 40,900 KATJA THALER 39,500 ROUE NILOLAISEN 38,000 JIM REID 37,200 MARTIN KENOR 37,000 JIMMY DAHLAVIST 35,700 JONATHAN LEWIS 35,100 JEPPE JUML 32,700 NIKLAS WALLGREN 32,000 MARC F 31,800 ANDREAS VILSON 30,700 NADIYBRIKALJA 29,700 REYAAZ MULLA 29,100 RAY COBURN 25,400 SASMA ROSEWOOD 24,400 BOSCH OLIVER 22,400 ROBERT TAYLOR 22,200 MICHAEL RABENSRIFNER 21,600 DANNY RYAN 19,400 DANIEL WADMAN 19,300 ADRIAN WALSHE 16,500 IAN MCTAVISH 12,800 CHRISTOPHER SANESSON 12,500 ROI ELMALIAH 12,000 MARCUS DEIFGEN 11,100 DAVID ATRABIN 9,800 GEORGE GEARY 8,700 G ANDASON 8,400 HEINING THOMAS 8,200 JOHN STORAKERS 7,600 PASCAL PERRAUCT 5,300


Poker News on Wednesday, October 18, 2006

Bet with positive expectancy

Is there anyway you can beat a casino game which is one of pure chance? Systems, such as the Martingale System are a sure road to ruin.

Particularly in Las Vegas there are dollar progressive jackpot machines. Basically every time a player puts $1 in the machine, the jackpot goes up by 1¢. If the jackpot is not won for a long time, then eventually the machine moves into positive expectancy. It is time for the professionals to move in, hog the machine and play on it until hitting the jackpot. You may have to invest $50,000 before the $70,000 jackpot pays off. But hell, it beats working for a living.

There is even a five card draw poker table spread in the Grosvenor Casinos throughout Britain where eventually, if the jackpot is not won, wagering moves into positive expectancy. This is around about where the jackpot reaches £250,000. The problem is that it is still 650,000/1 against making a Royal Flush. You could play for the rest of your life and never win. But it is a bet with a positive expectancy.


Poker News on Thursday, October 05, 2006

US gaming ban hits UK firms most

Investing in poker firms can be riskier than playing the game
When Partygaming was floated on the stock market last year, its prospectus admitted that its online gambling activities were deemed "illegal" by relevant US authorities.
Which was a pretty extraordinary thing for it to say.
Why?
Because most of its revenues come from US gamblers and it was seeking to persuade the stock market to value its business at a cool £5bn.
If most of its operations were illegal, why wasn't PartyGaming worth zilch?
Well, its prospectus also said that it directors took comfort from the "apparent unwillingness or inability of regulators generally to bring actions" against it.
All change
Not any longer.
Congress has now passed legislation, which - if approved by President George W Bush - will make it impossible for Partygaming and a clutch of other British online betting businesses to collect revenues in the US.
Their share prices have collapsed - in Partygaming's case, by more than £2bn today.
But here's the bitter twist for gamblers who have lost money on shares of Partygaming and its rivals.
Congress has permitted online gaming by companies providing horserace betting, so-called fantasy games and lotteries.
And guess what? Most of them are US-owned.
It is British businesses that are being crushed by Congress.
Which suggests that in the casino of globalisation, Congress may be engaged in old-fashioned protectionism - or rigging the game in favour of US companies.