Showing posts with label poker. Show all posts
Showing posts with label poker. Show all posts

March 1, 2012

Sean Jazayeri Captures WPT L.A. Poker Classic

Poker News RSS / / 01 March 2012 / Leave a Comment

Sean Jazayeri celebrates after winning the 2012 WPT L.A. Poker Classic (Photo: World Poker Tour)

Sean Jazayeri celebrates after winning the 2012 WPT L.A. Poker Classic (Photo: World Poker Tour)

Jazayeri began heads-up play behind leader Doc Sands, but scored a huge double-up when his ace-king outdrew Sands' pocket queens, and just one hand later Jazayeri had won the title.

Sean Jazayeri overcame a final table full of more experienced and decorated poker pros Wednesday night to win the 2012 World Poker Tour Los Angeles Poker Classic, besting a field of 549 to take the title and $1,370,240 first prize. David "Doc" Sands took runner-up in the event, with Dan Kelly finishing third.

Jazayeri carried the chip lead to the final table, and when a short-stacked Jason Somerville pushed all in from under the gun for 820,000 (less than 14 big blinds) on just the second hand last night, Jazayeri was there with the call.

Somerville held 8c-8d and Jazayeri Ad-Qd. Somerville was safe through the turn as the board came seven-high, but the Qh fell on the river to pair Jazayeri and send Somerville out in sixth.

Just 10 hands later, Jason Burt opened with a min-raise to 160,000 from the small blind and Dan Kelly called from the big blind. The flop came Kd-4h-3h, Burt continued for 180,000, and Kelly called. The turn was Qs and this time Burt bet 370,000. Kelly responded by pushing all in for about 600,000, and Burt called with a little less.

Kelly was drawing to a straight with Jh-10c while Burt had top pair with Kh-Jc. The river then brought the Ad, giving Kelly Broadway and eliminating Burt in fifth.

About an hour later came the next elimination. Following an opening raise by Jazayeri and a call by Kelly, Noah Schwartz pushed all in from the button for a little over 1.5 million. Jazayeri then reraised all in over the top, forcing a fold from Kelly.

Schwartz had Ac-Jh and Jazayeri Kc-Kh. The board came 10c-6h-6s-9s-10d, and Schwartz was knocked out in fourth.

With three left, Jazayeri had taken a huge advantage with better than 9.8 million, with Kelly next with 4.64 million and Sands with 2 million even.

Sands improved his circumstance in short order by doubling through Kelly, using Kh-9d to beat Kelly's Ah-8d after the board brought Sands a needed king. Sands would later grab another large pot versus Kelly, sending the latter down to short-stacked status among the final three.

It wasn't long after that Kelly found himself all in with Ks-Jh against Sands' pocket deuces, and after the board ran out seven-high they were down to two.

Sands began heads-up play with a lead with 9.47 million to Jazayeri's 7 million. He'd maintain that lead for much of the hour or so the pair squared off, but Jazayeri grabbed it back after a huge double-up with Ah-Kd versus Sands' Qd-Qh. An ace on the flop gave Jazayeri the lead which held through the river, and suddenly he had nearly 14 million to Sands' 2.58 million.

Just one hand later, Sands was all in with Ks-Qh against Jazayeri's Ad-5d. The flop came Kc-10s-5c to give Sands the lead, and after the Jc he was still in front. But the river brought the 5h to give Jazayeri trips and the title.

2012 WPT L.A. Poker Class final table payouts:
1st: Sean Jazayeri -- $1,370,240
2nd: Doc Sands -- $806,370
3rd: Dan Kelly -- $521,770
4th: Noah Schwartz -- $355,750
5th: Jason Burt -- $252,980
6th: Jason Somerville -- $202,910

That $1.37 million payday eclipses Jazayeri's previous career-high by a longshot. His previous best cash had been for just over $48,000 for a runner-up finish at a $2,000 buy-in NLHE event at the 2011 Wynn Classic.

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February 27, 2012

Tuan Phan Leads, Ivey Bubbles WPT L.A. Poker Classic; 54 Remain

Poker News RSS / / 27 February 2012 / Leave a Comment

Phil Ivey hadn't played a U.S. tourney since March 2011, but returned to play the WPT LAPC event which he won in 2008 (Photo: World Poker Tour)

Phil Ivey hadn't played a U.S. tourney since March 2011, but returned to play the WPT LAPC event which he won in 2008 (Photo: World Poker Tour)

Current chip leader Tuan Phan will return to a stack of 1.14 million when play resumes on Monday, with Jason Somerville his nearest competitor with 860,000 and Joe Tehan third with 831,500.

After three days of play at the World Poker Tour Los Angeles Poker Classic, just 54 players remain with Tuan Phan the only one among them with more than 1 million chips. Meanwhile, because of his elimination Sunday night in 55th place, Phil Ivey bubbled the event as the last player to be eliminated before the cash.

Of the 549 who entered the $10,000 buy-in event, 182 had made it through to Day 3, and it would take seven 90-minute levels of poker on Sunday for the field to be trimmed to 54.

Current chip leader Tuan Phan is on a roll, having just won the World Series of Poker Circuit Harrah's Atlantic City Main Event in December for which he claimed a $188,190 first prize. Phan returns to a stack of 1.14 million chips, with Jason Somerville his nearest competitor with 860,000 and Joe Tehan third with 831,500.

Among the late-day bustouts on Sunday were several notables, including J.C. Tran, Phil Collins, Nick Schulman, Matt Stout, and Phil Hellmuth. As action wound down in Level 17 (500/2,500/5,000), Bryan Piccioli was knocked out in 57th and Sam Barnhardt in 56th, meaning they were one away from the cash.

Phil Ivey had around 200,000 chips at that point, but lost two-thirds of his stack to A.J. Jejelowo in an all-in confrontation in which the latter's 6s-6d held versus Ivey's Ad-10s.

Not long after that Ivey open-pushed for about 65,000 with pocket sixes and was called by David Baker who held K-K. The kings held, and Ivey -- playing in his first major tournament in the U.S. since the spring of 2011 -- was out in 55th.

Here's how the top of the counts look heading into Monday's Day 4, with a number of familiar names among them:

1. Tuan Phan -- 1,140,000
2. Jason Somerville -- 860,000
3. Joe Tehan -- 831,500
4. Casey Stewart -- 791,000
5. Lawrence Greenberg -- 707,000
6. Noah Schwartz -- 685,000
7. Larry Lipman -- 571,000
8. Tom Marchese -- 530,000
9. Badih Bouhahra -- 469,500
10. Doc Sands -- 463,500

Also returning to above-average stacks are Dan Idema (11th), Dan Kelly (14th), Nick Binger (16th), David Pham (19th), and David Baker (22nd). Among those in the lower half of the counts are Joe Hachem (38th), Sorel Mizzi (43rd), and Christian Harder (50th).

The first players eliminated on Monday will earn $21,080 -- a little over twice their buy-ins -- although all will be eyeing the whopping $1,370,240 first prize reserved for the winner. Players will play down to 18 on Monday, with those returning to play down to a six-handed final table on Tuesday.

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February 18, 2012

The Betfair Poker Interview: Nathan Williams

Poker News RSS / / 17 February 2012 / Leave a Comment

Nathan Williams has played over 6 million hands of online poker.

Nathan Williams has played over 6 million hands of online poker.

"There’s just so much ego in poker. I mean, I try never to look at it, but anybody who’s ever been to my page on Poker Table Ratings, you can see the amount of hate because I’m playing the microstakes [laughs]. But I guess I just got over that at a certain point and recognized that a lot of people honestly do play these stakes."

When it comes to low or "microstakes" online poker, Nathan "BlackRain79" Williams of Vancouver, Canada may well be the most experienced player around. He's played more than 6 million hands of online poker, with full ring NL2 and NL5 his most frequently played game and stakes.

Such a wealth of experience at the micros has not only earned Williams a handsome profit -- greater than one might think possible at such limits -- but has made him an authority of sorts on these stakes as evidenced by his coaching, the instructional videos he's made for DragTheBar, and his strategy book Crushing the Microstakes which I reviewed last week.

This week I had a chance to talk with Williams about his background, his poker career, the book, and other topics.

Short-Stacked Shamus: First of all, congratulations on the book which I enjoyed a lot and I really do think fills a void as far as poker strategy texts go. How did you get the idea to write a book aimed primarily at microstakes players?

Nathan Williams:. Thanks. I make a lot of videos at those stakes for DragTheBar, so I figured if people are going to watch videos for those stakes maybe I could write a book and people would be interested, too. And so far it has worked out.

SSS: It seems to me there must be a huge audience for microstakes-level strategy, given how many players -- both recreational but also more serious-minded -- pretty much stick to those stakes. I wonder why there aren't more books or people making videos for players playing these limits?

NW: I asked that same question of Hunter [Bick], the CEO at DragTheBar. When they hired me to make videos at these limits, I asked him why other instructional sites don't seem to target these stakes. He told me that even though there is a huge player pool at these lower limits, they are the least likely to want to commit to put money down on a poker product.

SSS: Ah, that makes sense. Those playing the micros are going to be hesitant to spend money for strategy help. Or at least will be very judicious when they do.

NW: But you're right, if you look at PokerScout you see these are the limits where most people are playing, so it's kind of a pure numbers thing, eventually. If this amount of people are playing these games, if you do put out a product [for them] I think you're going to get sales.

SSS: So let me ask you a little about your background. In the book you explain how you studied history and philosophy in school and graduated in 2003. Where did you go?

NW: I went to Simon Fraser University here in British Columbia.

SSS: Any favorite periods of history or philosophers that stood out for you?

NW: The first philosophy class I took was in metaphysics and we studied the pre-Socratics, and that really got me fired up. And then later I took a course in existentialism and studied Nietzsche, Kierkegaard, and others and they really influenced me a lot. On the history side, I really loved ancient history as well as the Middle East which is such a hot point, always and to this day, in international affairs.

SSS: You also tell us in the book about how you worked for a while, during which time you also began to play online poker, and eventually were able to quit and play full-time in 2007. What sort of work did you do?

NW: I had a lot of different jobs working at Sears, in construction building houses and factories... basically any entry-level, menial crap job, I did it.

SSS: Turning to the book, one of the things I really like about Crushing the Microstakes and your approach to providing instruction to NL2 and NL5 players is the way you talk about playing these stakes without all of the qualifiers or any kind of embarrassment about taking these stakes seriously. I really appreciate that -- that idea that there's no shame in saying your playing the micros, and that you're wanting to talk seriously about how to do well at these limits.

NW: I think there are a lot of people out there who share that same view [that there's nothing wrong with taking the micros seriously] but who just don't say it. There's just so much ego in poker. I mean, I try never to look at it, but anybody who's ever been to my page on Poker Table Ratings, you can see the amount of hate because I'm playing the microstakes [laughs]. But I guess I just got over that at a certain point and recognized that a lot of people honestly do play these stakes.

SSS: And in truth, a lot of poker involves understanding yourself and being willing to look at yourself honestly. And hopefully we learn to do that and not feel that pressure to present ourselves as something other than what we are.

nathanwilliams2.jpgNW: I think it probably comes down to personality a lot as well. I don't gamble on anything else. I played a sports action ticket once in my life... I'm not really a gambler. I think some of those who criticize lower-stakes players are guys who can't play below NL25 because they like action a lot and believe it would be a waste of their time. And a lot of times they're going bust continually and maybe in some cases they'd be better off playing lower stakes and learning a bit more, but there are always going to be those gamblers who look down on the lower stakes and not understand why people play them.

SSS: So do you still put in a lot of volume at the micros?

NW: I'm trying my best. There's been so much with the book and my coaching requests have increased since the book came out, so actually the last two months are the first in a while that I haven't played 100,000 hands or more per month. I've also been experimenting with playing fewer tables, too. But yes, this year I've been playing NL2, NL5, and NL10.

SSS: Let me ask you just a couple of questions about items you touch on in the book. Early on you divide players at these stakes (NL2 and NL5) into three groups: the regs (which include nits and tight-aggressive players), the fish (which include maniacs, too), and a group you call "SLPs" for "semi-loose passives." Talk a little bit about that third group, which might be kind of unique to the microstakes or at least a group we find more often at these stakes.

NW: I often wonder if I made that term up or not. I noticed a lot of these guys who are not playing tight but not loose either, which is why I call them "semi-loose." They are playing too many hands. You should probably not be playing more than 20% of your hands at a full-ring table, and these guys are usually in the mid-20s or low-30s. And they'll have a low preflop raise percentage, too, say 8% or so, which usually indicates they are a passive player -- there's a big gap between their VP$IP [Voluntarily Put $ In Pot] percentage and PFR [Pre-Flop Raise] percentage.

SSS: Okay. So both "semi-loose" and "passive."

NW: Right. And usually a good rule of thumb in poker is that passive pre-flop equals passive post-flop. And, of course, aggressive pre-flop is aggressive post-flop. So I think a lot of these guys could come from live poker, where it is a little more limpy, or they are recreational players who might have read a couple of books and so aren't just in there playing like goofballs and blasting their money off. They are serious, but also play a lot for fun probably and generally do lose a little bit over time.

SSS: To address another of your groups, there's an idea you bring up at the end of the book that I like a lot -- "fish psychology." You put certain ideas under that heading to help describe what the fish are doing, and I think that's really helpful, actually, to try to recognize the reasons why the fish are doing what they are doing as a way of both identifying them as fish and figuring out how to play back at them.

NW: You're right, there is definitely a pattern to their play. If it were just pure chaos, it would be hard to make a game plan. Someone explained to me once about how a lot of people who play poker might be successful at other things, like in their business or other ventures in life -- they are not idiots, in other words -- but they just might not understand the correct play in each situation at the poker table. But yes, there are definitely thought processes going on, for sure.

SSS: As a coach, what would you say would be the biggest mistake you see your students making?

NW: I would probably say not betting enough for value with their good hands and overplaying marginal hands. Probably more so the latter, taking a hand like A-Q or something that you flop top pair with and firing three barrels against a nit who can only have a set, basically. That kind of thing -- playing way too big of a pot with a one-pair type of hand and not recognizing the type of player you're up against.

SSS: So the mistakes come more frequently after the flop.

NW: Right. A lot are playing a winning range of hands -- from 11% to 18% -- and so their pre-flop decisions are okay, but they become either too passive or too aggressive post-flop.

SSS: So what's next for you poker-wise or writing-wise?

NW: I'm not looking to be a full-time coach or anything, but my goal is to continue to do a mix of playing and coaching. I don't want to be the guy who never plays anymore. I'm not sure where my own poker career is going, but as I said I'm trying to get away from the mass-tabling approach and really focus on short-handed games and game selection. And I have other business interests outside of poker I want to focus on as well.

Much thanks to Nathan Williams for taking the time. Click here to find out how to pick up a copy of Crushing the Microstakes. You can also find more useful advice from Nathan regarding how to improve your win rate at these stakes on his blog and via his videos at DragTheBar.

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February 10, 2012

World Poker Tour Venice Grand Prix Final Table Set: Andrea Dato Leads

Poker News RSS / / 09 February 2012 / Leave a Comment

Andrea Dato (Photo: Francesco Rizzo / WPT)

Andrea Dato (Photo: Francesco Rizzo / WPT)

The finalists have now locked up at least €32,195 for their efforts over the past week but the eventual winner will walk away with €229,800 which includes a seat to the 2012 WPT World Championship worth $25,500.

On Monday a total of 155 poker players passed through the doors of the oldest running casino in the world, the Casino Di Venezia, and exchanged €4,950 for 30,000 tournament chips and the chance to join the likes of Phil Ivey, and Gus Hansen in becoming a World Poker Tour champion.

For 149 of them the dream has ended but for the six men who have reached the televised final table the dream is certainly still alive and in around 24 hours time one of them will indeed be crowed WPT Venice Grand Prix champion. The man who they all have to catch when the tournament resumes at 1400 CET on Friday is Andrea Dato who ended the penultimate day with 1,591,000 chips, the only player to pass the one million chip barrier..

The name Dato may ring a bell with some of you and it should because in December 2011 he was mentioned on these very pages after he finished fourth in the WPT Venice Main Event. That particular tournament carried a lower buy-in of €3,000 and was hosted on the mainland not the historical floating city. Now the Italian is looking to go all the way and follow in the footsteps of Edouard Alescio (winner of December's WPT Venice) and keep the trophy in Italy.

Five men stand between Dato and him winning the title not least of all Simon Ravnsbaek who will start the day as Dato's nearest rival with 922,000 chips. Ravnsbaek has played controlled, aggressive poker throughout this Main Event and it is nailed on that he will either win this event or have a major say in who does. He has shown he is not afraid to get involved in pots, especially against Dato who he has position on and Friday's encounter should be very interesting indeed.

Making up the final six are Rinat Bogdanov (907,000 chips), Alessandro Longobardi (558,000), Andrea Carini (347,000) and Gianluca Trebbi (343,000). The blinds will start at 10,000/20,000/2,000a and the average stack is 775,000 so some of the shorter stacks have a little work to do if they are to mount a serious challenge at this final table.

Along with the prestige if winning such an event there is also the not so small matter of prize money. The finalists have now locked up at least €32,195 for their efforts over the past week but the eventual winner will walk away with €229,800 which includes a seat to the 2012 WPT World Championship worth $25,500.

WPT Venice Grand Prix Final Table

Seat 1: Andrea Dato: 1,591,000
Seat 2: Simon Ravnsbaek: 922,000
Seat 3: Rinat Bogdanov: 907,000
Seat 4: Alessandro Longobardi 558,000
Seat 5: Andrea Carini: 347,000
Seat 6: Gianluca Trebbi: 343,000

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December 3, 2011

Poker Book Review: 'How to Read Hands at No-Limit Hold'em' by Ed Miller

Poker News RSS / Short-Stacked Shamus / 02 December 2011 / Leave a Comment

100 Poker News

“Most of your opponents in small-stakes games don't use the process described in this book to try to read your hand," explains Miller. "They try to guess hands you could have, and often their perceptions are colored by their emotions.”

We all know that in no-limit hold'em it is important to think beyond our own hand and give some attention to figuring out what our opponents might be holding. Of course, that's easier said than done for a lot of us, especially those among us who automatically fear the worst whenever a flop c-bet fails to get a desired fold. If you fall into that group -- or if you are simply looking for solid, well-presented advice to help bolster your NLHE game -- Ed Miller's latest offering, How to Read Hands at No-Limit Hold'em, provides an excellent source of instruction.

In addition to numerous strategy columns he has contributed to Card Player magazine and frequent postings on his aptly-named website, Noted Poker Authority, Miller has now authored or co-authored a half-dozen strategy texts, all of which focus on limit hold'em, no-limit hold'em, or both.

Thanks both to Miller's consistently clear, accessible style and the wealth of insight one finds in his books, titles from Miller are highly regarded within the poker community, frequently recommended as must-reads for those looking to improve their hold'em games. Thus even in an era when poker strategy books have largely given way to instructional videos, forums, and coaching, the appearance of a new text from Miller has already been greeted with anticipation and interest.

As the title suggests, How to Read Hands at No-Limit Hold'em presents an extended, focused lesson that primarily concentrates on one crucial aspect of NLHE, namely, how to deduce from available evidence what hands are among those our opponents are likely to hold. The book is chiefly geared toward small-stakes live games -- i.e., with blinds of $1/$2 or $2/$5 -- although the advice it contains readily applies to the micro/low limit online games, too.

The book is arranged in three parts. The first part, titled "Core Hand Reading," begins by discussing player types typically encountered at the small-stakes NLHE tables, then addresses at length central concepts for reading hands on all streets (preflop, flop, turn, and river). Then comes another long part titled "Hand Reading Variations" in which special circumstances are addressed, including those times when opponents do more than just call our bets but start raising and reraising themselves. Finally comes a short section of hand analyses, "Hand Reading in Practice," which brings together the many ideas that come before.

Nits, Fish, and Regulars

While the idea of grouping our opponents into categories isn't new, Miller provides a somewhat different approach to this exercise when he characterizes the small-stakes NLHE game as primarily attracting three core types: the nits, the fish, and the regulars.

As Miller explains, all three of these types possess certain characteristics that can help us with our hand-reading. And -- importantly -- we rarely if ever encounter at our $1/$2 games masterful "Tom Dwan"-types who cannot be classified as belonging to one of these three groups. Those who play at a higher level generally play for higher stakes, Miller reasonably points out, thus making the task of reading hands at the small-stakes games somewhat easier to manage.

After additionally arming us with a few "principles" of these games (i.e., players at these games do what they do for a reason, players tend not to bluff correctly or enough, large bets tell us more than small ones), Miller constructs beginning hand ranges for each of the types based on preflop action. Then, as we proceed through the flop, turn, and river, Miller shows us how to narrow down those ranges according to board texture and betting.

Stop Guessing, Start Reading

Since most players at these limits (even the fish) tend toward "fit or fold" poker, their calls of our bets after the flop generally signal that they have something with which to proceed, described by Miller as either a "strong fit" (made hands, draws) or a "weak fit" (overcards, underpairs).

The method of analysis recommended by Miller for figuring out what kind of "fit" our opponent might have is mostly probability-driven, although as already suggested how we go about making such calculations should be opponent-dependent. For example, once we've determined an opponent is a "nit" or relatively tight player, we are able to construct a hand range for him after he calls our preflop raise. Then when he calls our flop bet, that allows us to narrow his range further, and so forth through the hand.

Then, from within that range Miller invites us to think about combinations of possible hands as indicated by unseen cards. Some of these calculations are quite involved, but Miller's explanations are clear and easy enough to follow. He also provides shortcuts for making such calculations on the fly, although his primary advice is to get used to doing such work between sessions in order to make it easier to make decisions at the tables.

Thus, say, when a nit calls our preflop raise from the blinds, check-calls the flop and turn, then bets out on the river, Miller shows us how we can make a fairly precise (if not exact) read of our opponent's hand by looking at his preflop calling range, how his calls on the flop and turn narrow that range, then figuring out on the river what combinations of hands are still available with which he might bet into us.

Such effort will immediately distinguish us from many of our opponents, says Miller. As he explains, "Most of your opponents in small-stakes games don't use the process described in this book to try to read your hand. They do try to read your hand. They're just not systematic about it. They try to guess hands you could have, and often their perceptions are colored by their emotions. They think of hands they're worried you could have. Or they think of hands they hope you have."

Thus it is Miller's goal to show us how to avoid such fuzzy thinking influenced more by fear and hope than by logic and analysis.

Thinking Beyond Our Own Hand

The second part, "Hand Reading Variations," covers a number of topics and situations, including what to do when opponents don't "cooperate" and starting raising us, how to handle multiway pots (common in $1/$2 games), how to recognize "polarized ranges," and other tips for further narrowing opponents' possible holdings.

edmiller.pngThroughout the book, Miller punctuates sections with useful exercises that give readers opportunities to do the kinds of away-from-the-table work he's recommending. He also provides ideas for how to profile players relatively quickly based on their play plus an understanding of the relative percentage of loose and tight players one typically finds in small-stakes games.

For much of the first two parts, Miller sticks with discussing concepts, although he often illustrates ideas with hand examples. Interestingly, in many of these examples our hand is not even noted -- instead we're basing our reads primarily on the actions of opponents (calling, raising, reraising) and the community cards. The method highlights how reading others' hands has much more to do with factors other than the two cards we are holding than some of us might think (although we do account for those cards when removing them from our opponents' ranges).

We are told what our hole cards are in the sample hands from a $2/$5 game that Miller discusses in Part III, "Hand Reading in Practice." In each he takes us up to a decision point -- e.g., it has been checked to us on the river and we must decide whether to bet, and if so, how much -- then carries us through the process of profiling, analyzing action, then counting and discounting hand combinations in order to narrow down our opponent's range and base our decision on the resulting probabilities.

Developing the Hand-Reading Instinct

Toward the end of the book Miller describes a typical conversation he has with his students regarding a commonly-faced situation in no-limit hold'em. You raise before flop and are called, then after a Jc-7d-2s flop your c-bet gets called. The Kc then comes on the turn, at which point Miller asks his students "'What hands could your opponent have now?'"

"Nearly every time," says Miller, "the first hand my students will say is 'King-jack.'"

Is this you? Does your "hand-reading" often work this way, that is, almost instinctively to narrow down your opponent's "range" to a single hand that might well be labeled "Worst Case Scenario"?

As Miller shows his students, in this case K-J is in fact an unlikely holding -- something a simple understanding of probability helps clarify -- and in fact that overcard on the turn is often going to be a good one on which to barrel again.

It's hard, though, for a lot of us to get past emotions and think logically in these spots. Or, indeed, most spots. All of which makes Miller's How to Read Hands at No-Limit Hold'em a especially valuable resource for the player with some experience and knowledge at the game who wants help improving upon this crucial skill of hand-reading.

Miller's book is currently available as an e-book via his website, Noted Poker Authority.

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November 4, 2011

2011 World Series of Poker Main Event November Nine Preview

Poker News RSS / Short-Stacked Shamus / 04 November 2011 / Leave a Comment

For nine players, the 2011 WSOP Main Event bracelet is still within reach (Photos: PokerNews)

For nine players, the 2011 WSOP Main Event bracelet is still within reach (Photos: PokerNews)

It's the most international WSOP ME final table ever -- with the nine players coming from seven different countries -- as well as one of the youngest ever, with seven of the nine players aged 26 or less.

After nearly four months of waiting, the 2011 World Series of Poker Main Event is almost ready to resume, with the nine remaining players -- a.k.a. the "November Nine" -- having returned to the Rio All-Suite Hotel and Casino in Las Vegas to battle for the bracelet.

The final table starts just after noon Vegas time this Sunday, with Martin Staszko of the Czech Republic the current leader. Even ninth-place Sam Holden of Sussex has chips with which to work, however, meaning any of the nine can still take the title.

Here's a look at the chip stacks to which each player will be returning on Sunday:

Seat 1: Matt Giannetti (U.S.) -- 24,750,000
Seat 2: Badih Bounahra (Belize) -- 19,700,000
Seat 3: Eoghan O'Dea (Ireland) -- 33,925,000
Seat 4: Phil Collins (U.S.) -- 23,875,000
Seat 5: Anton Makiievskyi (Ukraine) -- 13,825,000
Seat 6: Sam Holden (U.K.) -- 12,375,000
Seat 7: Pius Heinz (Germany) -- 16,425,000
Seat 8: Ben Lamb (U.S.) -- 20,875,000
Seat 9: Martin Staszko (Czech Rep.) -- 40,175,000

There will be almost 35 minutes left in Level 36 when play resumes, where the blinds are 250,000/500,000 with a 50,000 ante. Thus even Holden has more than 24 BBs, which should afford him some time to be judicious at least during that first half-hour. And with everyone else within striking distance of the leader Staszko, the final table will likely provide much drama as the chips start moving back and forth.

As we've grown accustomed to over recent years, the stakes at the WSOP Main Event final table are enormous, with a huge gap between finishing first and ninth.

In fact, each player was already paid ninth-place prize money ($782,115) back in July, with the remaining funds placed into a money market account to draw a little bit of interest to add to the eight remaining spots. Here are the updated payouts for the final table:

1st: $8,715,638
2nd: $5,433,086
3rd: $4,021,138
4th: $3,012,700
5th: $2,269,599
6th: $1,720,831
7th: $1,314,097
8th: $1,010,015
9th: $782,115

Looking at the final nine players, two characteristics jump out. It's the most international WSOP ME final table ever, with the nine players coming from seven different countries. Interestingly, three of those seven nations -- Belize, the Czech Republic, and the Ukraine -- are being represented for the very first time at a WSOP ME final table. A total of 85 countries were represented among the 6,865 entrants in this year's WSOP Main Event, proving that poker is certainly a global game.

It is also an especially young final table, with seven of the nine players aged between 21-26. Only Staszko is in his 30s (aged 35), and Bounahra will be the table's elder statesman at 47. Anton Makiievskyi comes into this weekend still just 21 years old, and would be the youngest ever Main Event champion should he battle back from eighth place to win.

Of additional note is the fact that this Main Event final table is comprised of a number of especially tough competitors, all of whom (aside from Bounahra, a businessman) would fit into the "pro" category by most definitions.

Adding to the drama, coverage of this year's Main Event final table will be the most comprehensive ever, with every single hand -- with hole cards (shown after hands are completed) -- being televised on a 15-minute delay on the ESPN networks.

In the U.S., fans can watch them play down from nine players to three on Sunday on ESPN2 starting at 12:30 p.m. Vegas time. Then on Tuesday, Americans can watch from 6:00 p.m. Vegas time over on ESPN. The coverage will be shown online as well on the ESPN3 site (for those who are allowed access).

Meanwhile, for viewers outside the U.S., ESPN will also be carrying the coverage on several of its international networks. And if you don't happen to get any of those channels, non-Americans can view all of the coverage streaming over on the WSOP.com site.

Here are a few items about each player to contemplate as you follow along on Sunday and Tuesday:

staszko.pngMartin Staszko (1st, 40.175 million)
-- hopes to be the first player from the Czech Republic ever to win a WSOP bracelet
-- has cashed in five WSOP events this year (including the ME); his best finish in a preliminary event was 39th in the $1,500 PLO8 (Event No. 51)
-- brought a total of $20,000 to Las Vegas this summer to play in events; ended up playing in 15 total (including the ME) - Betfair Odds 5.8

odea.pngEoghan O'Dea (2nd, 33.925 million)
-- had five WSOP cashes in 2011 (including the ME and a final table at the World Series of Poker Europe in the €5,300 PLO event)
-- would be the second-ever WSOP ME winner from Ireland (Noel Furlong, 1999)
-- son of Irish player Donnacha O'Dea who made two WSOP Main Event final tables (1983, 1991); the pair comprise the first ever father-son duo to make WSOP ME FTs; Donnacha has won one WSOP bracelet (1998) and is a member of the European Poker Players Hall of Fame Betfair Odds 5.5

giannetti.pngMatt Giannetti (3rd, 24.75 million)
-- was in the bottom ten in chips (with just 11 big blinds) with 378 players left
-- was the short stack with 10 remaining, but doubled up twice (with pocket jacks both times) to survive
-- had himself a profitable break from the WSOP ME, winning the WPT Malta Main Event and the €200,000 first prize in late September Betfair Odds 7.8

collins.pngPhil Collins (4th, 23.875 million)
-- has yet to be all in once the entire tourney, enjoying an above-average stack throughout
-- has a bachelor's degree in business, earned at the University of South Carolina
-- is a Phil Collins fan, so doesn't mind his rail singing "In the Air Tonight" and other hits by the pop star Betfair Odds 7.0

lamb.pngBen Lamb (5th, 20.875 million)
-- has already clinched the 2011 WSOP Player of the Year, with five cashes (including ME), a bracelet in the $10K PLO Championship (Event No. 42), and two other final tables
-- finished 14th in the WSOP Main Event in 2009, and 156th in the WSOP ME in 2007
-- has more than $3.3 million in lifetime tourney earnings, by far the most of any of the final nine Betfair Odds 6.6

bounahra.pngBadih "Bob" Bounahra (6th, 19.7 million)
-- originally from Lebanon, also the birthplace of 2005 WSOP ME winner Joe Hachem
-- one of only two players from the central American country of Belize (pop. ~330,000) to enter this year's WSOP ME
-- stated repeatedly during play in July that seven-deuce offsuit was his favorite hand; was shown playing and winning with 72o during ESPN's coverage last week Betfair Odds 16.0

heinz.pngPius Heinz (7th, 16.425 million)
-- only the second German ever to make a WSOP ME final table (Henry Nowakowski finished seventh in 2001)
-- hopes to be the 12th German ever to win a WSOP bracelet (and first ME winner)
-- made another WSOP final table this summer, finishing seventh in a $1,500 no-limit hold'em event (Event No. 48) Betfair Odds 12.5

makiievskyi.pngAnton Makiievski (8th, 13,825 million)
-- was the start of Day 8 chip leader (with 27 players left)
-- hopes to be the fifth Ukrainian to earn a 2011 WSOP bracelet, and (as mentioned) the youngest WSOP ME winner ever (at age 21 years, 262 days); is already the youngest ever to play at a WSOP ME final table
-- his trip to Las Vegas this summer to play in the WSOP was the first time he'd ever visited the United States Betfair Odds 13.5

holden.pngSam Holden (9th, 12.375 million)
-- 2011 was the first WSOP for the 22-year-old, and the Main Event just his fourth WSOP event
-- has a degree in forensic science from the University of Kent
-- hopes to become the first-ever U.K.-born WSOP Main Event winner Betfair Odds 17.5

Check out the latest odds on the WSOP on Betfair

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October 5, 2011

Poker Hall of Fame Finalists Named

Poker News RSS / Matthew Pitt / 05 October 2011 / Leave a Comment

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The Poker Hall of Fame was created by Benny Binion back in 1979 and since then it has recognised and inducted some of the games key figures and legendary players. Johnny Moss, "Puggy" Pearson, Doyle Brunson and David "Chip" Reese are just some of the names that have been inducted into the Poker Hall of Fame and now another two players are set to join them.

Voting panel

The public votes have been counted and the ten finalists are now public knowledge. These finalists will now be voted on by the 18 living Hall of Fame members, including last year's inductees Erik Seidel and Dan Harrington, along with a select 17-person panel made up of members of the poker media. The ten Poker Hall of Fame finalists are, in alphabetical order;

Annie Duke
Barry Greenstein
Jennifer Harman-Traniello
Linda Johnson
John Juanda
Marcel Luske
Jack McLelland,
Tom McEvoy
Scotty Nguyen
Huckleberry Seed

Each person must meet a number of criteria such as playing poker against acknowledged top competition, have played for high stakes and done so consistently well and have stood the test of time. For those non-players amongst in the selection they must have contributed to the overall growth and success of the game of poker.

Who will be inducted?

Personally I would love to see Barry Greenstein inducted and I think he is almost certainly going to be. He has played in the highest cash games for years on end, won three World Series of Poker bracelets, two World Poker Tour main events and spends a lot of time, effort and money raising money for various charities.

The other shoe-in has to be Tom McEvoy, who has been touted as potential Hall of Fame member for as long as I can remember. Although he may not be as much of a force as he used to be, McEvoy has won four WSOP bracelets and has cashed 38 times in WSOP events. McEvoy was also instrumental in making all poker rooms and casinos in Las Vegas non-smoking, along with being the author of 14 poker strategy books.

The newest inductees into the Poker Hall of Fame will be unveiled at a ceremony in the Penn & Teller Theater at the Rio All-Suite Hotel & Casino on November 8.

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September 25, 2011

Bobby Oboodi Dominates Borgata Poker Open

Poker News RSS / Matthew Pitt / 25 September 2011 / Leave a Comment

Oboodi with his winnings (Photo credit: WPT)

Oboodi with his winnings (Photo credit: WPT)

The name Bobby Oboodi may not be one that you are familiar with but if his performance at the final table of the record-breaking WPT Borgata Poker Open is anything to go by then you will soon be hearing it many times over the next few years.

He started the six-handed final table as the chipleader and at no point throughout proceedings did he relinquish that lead, was never all in at any point and was responsible for eliminating four of his five opponents, the sign of a great champion.

It only took 11 hands for the first player, Ricky Hale, to be sent to the cashier's cage. He started the day as the shortest stack and when he saw Oboodi raise to 340,000 from under the gun (blinds 80,000/160,000/20,000a), he looked down at Ac10s and decided that he would raise all in from the cutoff to 2,080,000. Oboodi quickly called and turned over a dominating AhKh. The Brit paired his ten on a flop reading 10d-9s-2d but the Ks on the turn improved Oboodi to a higher pair. The river was the Jd and the table lost its first player.

Another two hours passed before the fifth place finisher was decided and it was Oboodi who was once again the executioner. With blinds now at 120,000/240,000/30,000a, Darren Elias opened to 500,000 from the button and Oboodi clicked it back, from the big blind, making it 1,100,000 to play. Elias moved all in for a total of 2,750,000 and Oboodi made the call. Elias turned over pocket jacks but they were way behind the cowboys of Oboodi. There was no help from any of the five community cards and the five players became four.

Ninety minutes and 35 hands later Fred Goldberg exited the final table after a clash with, yes you have guessed it, Oboodi. The latter min-raised to 600,000 under the gun and Goldberg called in the big blind. The dealer put out the 9d-7s-6h flop, Oboodi bet 600,000 only to see Goldberg instantly move all in for a total of 3,300,000. Oboodi paused and then made the call, turning over Ah9h, nicely dominating the Td9c of his opponent. The turn and river were the 7c and Jc respectively and Goldberg was busted out.

Less than 15 minutes later and the tournament reach the heads up stages after Daniel Buzgon lost his stack to Jin Hwang. The blinds had increased to 200,000/400,000/40,000a and Oboodi opened to 800,000 from the button. Buzgon then three-bet all in for around 5,000,000 and then Hwang called the all in from the big blind. Oboodi folded and the players revealed their hands, Hwang held AhKh and was in a coinflop against the 7c7s of Buzgon. Hwang picked up outs to a straight draw when the flop came down Qc-10h-9c and he turned his straight when the Jc made an appearance. The river was the 7h but it was too little too late and Buzgon exited the final table and headed to pick up more than a third of a million dollars.

Going into heads up Oboodi held a 23,190,000 to 17,125,000 chip leader over Hwang and took just 18 hands to send his opponent home as the runner up. Oboodi opted to limp from the button and then call when Hwang raised it up to 1,250,000. The flop came down 7s-6s-6c and both players checked. The turn brought the Js into play and Hwang checked again. Oboodi made it 1,600,000 to play. Hwang then said, "Let's gamble, I'm all in," and Oboodi called, turning over Qs2s for a flush draw, which was up against the KcJh of Hwang. The dealer burned a card and put out the 3s on the river, completing Oboodi's flush that eliminated Hwang and Oboodi had become the champion of WPT Borgata.

The World Poker Tour next stops at the Foxwoods Resort Casino for the World Poker Finals between October 27 - Nov 1, will Oboodi be there to try and become a double WPT winner? I would certainly think so.

Final table payouts

1st: Bobby Oboodi: $922,441
2nd: Jin Hwang: $554,303
3rd: Daniel Buzgon: $335,433
4th: Fred Goldberg: $280,925
5th: Darren Elias: $230,60
6th: Ricky Hale: $186,585

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August 31, 2011

Failla Thrills Crowd, Wins WPT Legends of Poker

Poker News RSS / Matthew Pitt / 31 August 2011 / Leave a Comment

100 Poker News

The final table of the World Poker Tour Legends of Poker has been completed and it is Will "The Thrill" Failla who is the man who managed to win every single chip in play to be crowned as Champion. Failla started the day as the chipleader and although he let his chip advantage slip on a couple of occasions, he always looked like he would be there or thereabouts and at one point Ken Aldridge said Failla's victory was destined to happen.

It took an hour for the first player to be eliminated from the six-handed final table at the Bicycle Casino, Bell Gardens, California and that dubious honour went to Owais Ahmed. The man who won his first World Series of Poker bracelet a couple of months ago started as the shortest stack and from the off was playing very aggressively in an attempt to chip up. However, his efforts backfired as he moved all in from the small blind with Js7s for 1,760,000 (blinds 60,000/120,000/20,000a) and Failla made the call in the big blind with Ac5h. The board ran out As-Kh-7h-Ad-Kc, gifting Failla an unnecessary full house and sending Ahmed to the cashier's cage to pick up $77,100.

Another two hours passed before the five players were reduced to the final four and it was Adam Aronson who was busted out in spectacular fashion. With blinds now 100,000/200,000/25,000a Aronson open-shoved from the button for 1,675,000 chips and was snapped off by Jeff Vertes in the big blind. Aronson flipped over 6c6s and was in a whole world of pain against the AdAh of Vertes but that all changed as the flop came down 8h-6h-3s. The turn was the 7h and brought a few "oohs and aahs" from the crowd as Vertes held the Ah meaning he could win by hitting an ace or heart on the river and it was the latter, the 9h, that made an appearance on the fifth community card sending a disappointed Aronson home for an early bath.

Joshua Pollock's elimination 30 minutes later was a little less exciting in terms of action but it did earn him $128,500. Pollock raised to 425,000 from the button and Aldridge called from the big blind. The dealer got busy putting out the Ad-Kc-4d flop. It was greeted with a check from Aldridge, a 500,000 continuation bet from Pollock and a check-raise to 1,200,000 from Aldridge. Pollock sat for almost a minute before moving all in, Aldridge made the call and showed As7h, which needed to avoid a diamond as Pollock held Jd7d. And avoid diamonds he did as the turn and river were the 7c and Th respectively to send the popular Pollock to the sidelines.

They played three-handed for almost three and a half hours before something finally gave and Vertes was sent packing. With blinds now really starting to bite at 200,000/400,000/50,000a the players were prepared to splash around in pots so it was only a matter of time before two big hands collided. Failla opened to 900,000 from the button and then shoved over the top of Vertes' three-bet of 1,750,000 from the big blind. Vertes made the call and his AhQd was nicely dominating the AdJc of Failla. This was not the case for long as the flop came down Ac-Jd-Tc but the hand was far from over as Vertes still had outs. The 9h was not really one of them and unfortunately for him neither was the As on the river and it sent him home, albeit with $186,400 in prize money.

Going into heads up Failla held a 13,075,000 to 10,650,000 chip lead over Aldridge but that would not last for very long. On just the fourth hand of play Failla min-raised to 800,000 and was called. A flop reading Ac-As-6s was met with a check from Aldridge, a bet of 1,000,000 from Failla and a quick check-raise to 2,500,000 from Aldridge. Failla paused before making the call. The turn was the 4d and again Aldridge checked, again Failla bet this time 1,500,000 but instantly folded as Aldridge made another check-raise, this one all in.

That completely turned the tie around and Aldridge was armed with 14,550,000 chips but in heads up No Limit Hold'em things can change instantly and change they did. Eight hands later and Failla doubled up and crippled Aldridge after some good fortune. Aldridge opened to 900,000 and Failla called, and the latter check-called Aldridge's 500,000 bet on a Jc-5d-2h flop. The 9h on the turn saw Failla check, Aldridge bet 2,000,000 and after a minute of deliberating, a call from Failla. The river was the 7h and now Failla came out betting to the tune of 4,000,000. Aldridge quickly moved all in but was not happy when Failla snap-called and turned over 8h6h for an unlikely flush, much stronger than the AdAs of Aldridge. When the players had stacked their chips Aldridge said "It looks like destiny," referring to a now very likely Failla win.

That win was confirmed just three hands later. Failla now with over 20,000,000 chips moved all in and Aldridge thought briefly before calling. Failla turned over Jh6c which was dominating the 6s4h of his opponent. The dealer put out the five community cards, which read Kc-Kh-7h-Qd-9s meaning Failla's jack-kicker came into play which sent "Teach" Aldridge to the rail as runner-up.

The World Poker Tour next stops off at the Aviation Club in Paris for the Grand Prix de Paris between September 4-12, where yours truly will be reporting live on the World Poker Tour website. Until then, a massive congratulations to Will Failla on his first World Poker Tour title!

Final table payouts

1st: Will Failla: $758,085
2nd: Ken Aldridge: $365,800
3rd: Jeff Vertes: $186,400
4th: Joshua Pollock: $128,500
5th: Adam Aronson: $102,800
6th: Owais Ahmed: $77,100

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August 5, 2011

Epic Poker League Set to Debut

Poker News RSS / Short-Stacked Shamus / 05 August 2011 / Leave a Comment

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While your faithful Betfair poker bloggers are traveling the world covering poker tournaments -- Matthew Pitt over at EPT Tallinn in Estonia and yours truly at LAPT Punta del Este in Uruguay -- much of the poker world's attention over the next few days will be upon the highly anticipated debut of the Epic Poker League at the Palms Casino in Las Vegas. Today a "Pro/Am" event kicks off the league's first tournament series, while later will come a couple of other tournaments including the $20,000 buy-in Main Event that begins Tuesday, August 9th.

Calling a preliminary a "Pro/Am" in a way recalls the schedule one frequently finds at professional golf tourneys wherein pros and amateurs get together for an early round -- kind of a mini-tournament before the main event that occasionally features significant prize money.

The Epic Poker League Pro/Am that begins later today is a $1,500 buy-in event that will partially serve as a satellite into the Main Event, with the top nine finishers all earning ME seats. If the prize pool exceeds $180,000, the remaining money will be distributed among the other top finishers.

Expect a number of top pros and familiar faces to show up for today's Pro/Am. In fact, many players who have already qualified for entry into the Main Event according to the league's criteria will likely be playing in the Pro/Am as well in the hopes of landing an ME seat for a cheaper price. Epic Poker League members who have already indicated they'll be playing in the Pro/Am include Tom Dwan, Antonio Esfandiari, Ben Lamb, Mike Matusow, Michael Mizrachi, Mike Sexton, and Gavin Smith.

On Sunday, August 7th there will be a charity event, a $240 buy-in tournament (with $100 rebuys and an add-on) hosted by Brad Garrett of "Everyone Loves Raymond" fame. While the entire prize pool will be going to Operation USA, a relief organization currently helping victims of the tornado that tore through Joplin, Missouri back in May, additional prizes are being donated by the online company Zappos and others, including seats to future Pro/Ams and a $2,500 first prize.

Of course, it's the Main Event that most will be focusing upon come next Tuesday, with many curious to see how many of the 252 players who have qualified to play in the Epic Poker League actually come out to participate in the event. For a discussion of the criteria, see this article from early May from when the original list of qualifiers was announced. At the time 218 players had won enough on the tourney circuit to become league members; since then, 34 more have made it through.

That $20,000 entry fee is certainly a higher-than-usual price tag for tour events. And, of course, the field is guaranteed to be especially tough, which some believe might also further discourage some from participating. However, the league has come up with some significant incentives for players to participate.

Just 2% of the entry fees will be taken out for dealers and staff, and a handsome $400,000 will be added to the prize pool. Also, the highly regarded Matt Savage (interviewed here) is serving as the tournament director for the Epic League Poker events, and the tournament will be employing a structure developed by Savage. Players will start the six-handed no-limit hold'em event with super deep stacks (50,000 chips or 250 big blinds) and play 90-minute levels, so there is sure to be a lot of play.

Another possible incentive for some players will be the fact that if they do well in the tournament they may potentially score some television time in addition to the cash prizes. The league has struck a television deal whereby 20 hours' worth of coverage of Epic Poker League events will air on CBS (a major, non-cable network) and Velocity (a less well-known cable channel).

It's hard to say, really, how much of an incentive for players the television exposure might be, both because of the relative obscurity of Velocity and the uncertain situation for player sponsorships post-Black Friday. However, the virtual shutdown of the online game in the U.S. may also indirectly help the Epic Poker League. With the major sites no longer operating in America -- and thus the entire notion of the "sponsored pro" having been currently thrown into question -- there may well be a place in the poker landscape for a sports-like "professional poker league" that wasn't really there before.

More information about the Epic Poker League -- including details about all of the events' schedules and structures, player profiles, videos, news, and more -- can be found on its recently launched website.

By the way, if you hunt around over there on the Epic site long enough you'll find a number of columnists including your humble scribbler, there with a column called "Community Cards" that focuses on poker in popular culture. (Here is the first entry, on poker and late night television.) My plan for the column is to address both contemporary stories/issues as well as to delve into the history of poker now and then.

It is difficult to predict at present how the Epic Poker League will do or what its reception will be. In any event, it should prove intriguing no matter what happens, and I think once that Main Event plays down to its last few tables interest will certainly pick up within the poker community.

I know it will be grabbing the attention of both Matthew and myself -- once we make it back to our homes from all of our globetrotting, that is!

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July 27, 2011

Full Tilt Poker Try To Buy Themselves Some Time

Poker News RSS / Matthew Pitt / 27 July 2011 / Leave a Comment

The only Howard Lederer that dare show his face in public (Photo credit:Pokerfarm.com)

The only Howard Lederer that dare show his face in public (Photo credit:Pokerfarm.com)

The eyes of the online poker world were yesterday focussed on reports coming out of the Victoria Park Plaza Hotel in London where the Alderney Gambling Control Commission (AGCC) were holding their planned hearing with the lawyers and executives of Full Tilt Poker.

The hearing was expected to reveal the reasons behind the decision the AGCC took to suspend Full Tilt Poker's operating licence on June 29, action that saw all of Full Tilt Poker's games to come to a sudden halt and has left all of their customers, not just the American's affected by "Black Friday", unable to access their accounts in any way, shape or form. However, the hearing was not only very disappointing and limited in the information that was passed through the various reporters who were camped out in the function room of the Victoria Park Plaza Hotel but it turned into a shambles as Full Tilt Poker essentially blackmailed the AGCC into giving them a private hearing away from the prying eyes of the disgruntled public.

The hearing started at 1000 and those present were told to turn off all mobile communications devices so information emanating from the hearing was quite limited but at 12:24 Barry Carter of PokerNews wrote an update on the PokerNews site that said the only new piece of information that had come to light was the fact that Full Tilt Poker actually owe the AGCC fees of around £250,000 and that Full Tilt Poker would happily pay this amount within seven days "if there was still a chance that they could remain licensed by the AGCC." This alone shows how shady and underhand Full Tilt Poker is, basically telling the AGCC that unless there was a chance of having their licence reinstated that they would walk away whilst owing nearly a quarter of a million pounds, this whilst having their hands on the hundreds of millions of dollars apparently sat in their bank accounts. Disgraceful.

The same update revealed that at 1145 the decision was made to hold the hearing in private, which the case of the missing £250,000 almost certainly helped, which prompted boos and jeers from the crowd. Professional poker player Harry Demetriou was outraged at this decision and became very vocal, "What about the players?" he shouted before adding, "Why are you protecting this corrupt company?" at which point he was escorted out of the building to a small round of applause.

Then at 1800 a spokesman for the AGCC revealed that the hearing had been adjourned and would now take place no later than September 15. The official statement, taken from the AGCC website says the reason for the adjournment says as follows, "As a result of the arguments on behalf of FTP during the pre-hearing application the Commissioners decided to adjourn the hearing as they felt it was in the best interests of FTP's customers. A key consideration in their decision was to allow FTP licensees 'to further pursue advanced commercial negotiations which could lead to a more beneficial outcome for player interests"

This last statement has caused confusion to many in the online poker world as they have been lead to believe that Full Tilt Poker have been in talks with various companies and organisations that would see them receive major financial investment that would then allow them to pay back the customers who they have effectively stolen from. If this was the case then why have they not tried to rush through this hearing and why has a new hearing been scheduled for a date more than six weeks away. To me this suggests that Full Tilt Poker were and are nowhere near sorting out their sorry mess and that they have tried to blackmail the AGCC with this £250,000 so that they can get out their and actively seek some financial investment, investment that is needed on a massive scale.

Join Betfair Poker where your funds are 100% safe and secure at all times. Betfair Poker have always complied fully with local and international laws and are part of Betfair, a publicly traded company on the London Stock Exchange.

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May 7, 2011

Is The Future of Absolute Poker and UB in Jeopardy?

Poker News RSS / Matthew Pitt / 06 May 2011 / Leave a Comment

100 Poker News

Ever since "Black Friday" there have been dozens of rumours circulating around the various poker forums and newsgroups, most regarding if any of the three sites involved in the indictments by the American Department of Justice (DoJ) and the Federal Bureau of Investigation (FBI) would be able to continue their operations without being able to service American customers.

Most of these rumours were immediately quashed as both PokerStars and Full Tilt Poker both reached an agreement with the DoJ and FBI to release the seized funds so they could reimburse their, now banned, American customers. According to reports PokerStars has begun processing withdrawals from American players but Full Tilt has run into problems finding a payment processors but their representatives have said they are looking at solving this problem in the near future.

Players who had money on these two sites are quite confident they will receive their bankrolls back but that confidence is not shared by customers of Absolute Poker and its sister site UB.com, formerly Ultimate Bet, who appear to be in real financial difficulties at present after seeing their traffic plummet by almost 80% since "Black Friday." Although these two sites on the Cereus Network are allowing Americans to play for real money, they are not allowing any financial transactions whatsoever and have even severely limited the withdrawals for non-American customers too.

An email from Madeira Fjord of Norway ,which represents shareholders in the poker sites' parent company, Blanca Games Inc., appeared on the TwoPlusTwo forums showing that they planned to file for bankruptcy protection due to having "no prospects for any cash flow for the foreseeable future." The full email is show below:

Dear xxxx Shareholder,

Since the last meeting of shareholders, there have been a number of developments that affect our Company.

Most importantly, Blanca Gaming has provided notice to our subsidiary Avoine that it is currently unable to make any payments toward its debt obligations. Additionally, Blanca has further advised that there will be no future payments.

Over the past 60 days, the Company has accumulated current debts in excess of $250,000 which are increasing at $100,000+ per month. These obligations are primarily legal and professional fees in Norway.

With no cash on hand and no prospects for any cash flow for the foreseeable future, the Board of Directors is required by Norwegian law to enter the bankruptcy process. The Oslo court will appoint a Receiver who will review the affairs of the Company including the assets, liabilities, and its recent transactions. After a full assessment, the Receiver will make a determination how to enforce any applicable rights, obligations, and obtain the maximum value for its assets in the best interest of the Company.

As the Receiver is a court appointed 3rd party, we can be assured that the Receiver will evaluate all relevant options including any applicable soliciting proposals from interested parties related to the assets of the Company. Funds accumulated through the Receivers' efforts will be disbursed according to Norwegian law.

As of the date of the filing, the Board of Directors is relieved of duty, and all future matters are in the sole control of the Receiver.

Sincerely,
Madeira Fjord, AS Board of Directors

More correspondence appeared on TwoPlusTwo in the form of a memo that was informing Absolute Poker and UB.com's staff that there were going to be wide-scale redundancies at their Costa Rican headquarters, with 95% of the current workforce believed to be now out of work with immediate effect. The initial email and then the memo combined seemed to cause panic in even the most high profile of players, including Isaac Haxton, fearing the worst, was offering to sell the $300,000 in his poker account for as little as $0.20 in the dollar. Haxton does not seem to have much luck with poker legislation as he fell victim when Neteller closed their doors to American customers back when the UIGEA became law in 2006. Then Haxton had over $1,000,000 tied up, thankfully he received all of his money back but whether he gets this money back from Absolute Poker or UB.com remains to be seen.

The parent company of Absolute Poker and UB.com, Blanca Games Inc., were more than aware of the furore being caused and late yesterday afternoon they released an official statement commenting on the downsizing of operations and if Absolute Poker or UB.com were going to be declared bankrupt.

The statement reads as follows:

As previously stated, Absolute Poker and UB ceased their U.S.-facing operations due to recent legal developments in the United States. The company is currently restructuring and is focusing its resources on consolidating its non-U.S., rest-of-the-world operation and software business. In order to have a more efficient and successful future business, an immediate need to downsize and streamline operations significantly at both online poker rooms has been required. Absolute Poker and UB continue to operate their non-U.S.-facing business.

This decision comes after considerable review and analysis of the impact that 'Black Friday' has had on the business as a whole. The workforce has been liquidated, and the process of rehiring approximately 20% of staff in key positions has commenced. All affected employees have been informed of this necessary restructure.

A company spokesperson said: "We regret that we have been compelled to take these actions. We have worked tirelessly to create a truly amazing company that is filled with extraordinary people. We have always been and still remain fully committed to our employees and players. At the same time, we are confident that this restructuring will strengthen the company and its future."

The Company spokesperson also addressed erroneous reports that Blanca has filed for bankruptcy. The apparent confusion over this issue stems from the fact that Blanca recently informed a debt holder, Madeira Fjord, that it was terminating debt payments to, and its relationship with them. As a result, Madeira Fjord apparently filed a notice of bankruptcy in Norway. This notice has no negative impact upon Blanca, the operating company, or its brands. As stated previously, Absolute Poker and UB continue to operate their non-U.S. facing business around the world.

For non-U.S. players, Absolute Poker and UB have increased their maximum withdrawal limits to $1000 for Visa withdrawals and $500 for all other methods. The number of transactions being processed per day has been significantly increased as well. Players are still restricted to one transaction per week, but we are working to return non-U.S. withdrawals to
normal service levels as quickly as possible.

As confirmed earlier this week, the company's legal counsel is in continuing discussions this week with the U.S. Attorney's office to formalize an agreement that would facilitate the return of funds to U.S. Players.

Whether or not Absolute Poker or UB.com can recover from this latest in a long line of crisis and negative publicity remains to be seen but at present it looks like their customers are voting with their feet and leaving the sites in their droves. According to PokerScout.com traffic on the Cereus Network (the network created and shared by the two sites in question) has an average of just 540 cash game players at its tables over a 24 hour period, down from more than 2,000 just a few weeks ago. This means that the network as gone from being one of the top ten most popular to play on down to a very disappointing 27th.

The effects of "Black Friday" do not effect customers of Betfair Poker, simply because Betfair have never accepted American customers and the fact that 100% of customers funds are safe, secure and kept separate from operational funds. Betfair Poker is one of the safest online poker sites available to non-US customers and will always be that way.

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April 12, 2011

Could Doyle Brunson Be About To Quit Poker?

Poker News RSS / Matthew Pitt / 12 April 2011 / Leave a Comment

Legend

Legend

Winning bracelets and poker tournaments aren't as important to me as they were a few weeks ago

Doyle Brunson is a living legend. The 77-year old Texan is synonymous with the game of no limit Hold'em and has played at the very highest level for more than 50 years, but could he be ready to make a fold for the last time. A recent conversation with Daniel Negreanu seems to suggest that he is going to, at the very least, quit playing tournament poker.

It has been quite a few months for Bruson, the winner of 10 World Series of Poker bracelets, as he has suffered from numerous personal health problems and deaths within his family and circle of friends leading to some to question Brunson's ability to keep playing with the best in the business as he approaches eight decades of life. The biggest problem Brunson has faced recently was his cancer scare at the end of February where his dermatologist found a tumour in his left arm which resulted in surgery to remove it. Thankfully for Brunson the tumour was not malignant and required no further treatment, though he did develop another lump in the same arm but another incision leading Brunson to write on his popular Twitter account, "I've been carved on more than a Thanksgiving turkey in my life. Ouch."

Indeed it was on Twitter where Brunson hinted at his poker retirement after exchanging a number of Tweets with Canadian pro Daniel Negreanu, after he had told his 90,000 fans that he had "Busted #napt AQ vs 10-10. I rarely bust day 1. If you regularly bust day 1 of these events you need to quit poker asap. Had no shot today" Brunson replied by telling Negreanu to "Go back and play the way you used to. I know you don't think so, but you were much better...IMO"

Negreanu disagreed and also went all defensive when Brunson said he could not believe how many tournaments he has played this year, even prompting a bet from Negreanu that both Erik Seidel and Barry Greenstein would have played more than him in 2011 so far. He also put a thinly-veiled brag Tweet up saying he has had 11 consecutive winning years on the tournament front before telling Brunson, "you must be really bored btw, needling a guy right after he busts from a tourney! I'll remember to get you next time you bust :-)" Brunson responded by saying to Negreanu, "In your wildest imagination you can't believe how bored and useless I feel. I may never go bust in another tourny, guess why?" but when the Canadian pressed Brunson for the reasoning behind his last Tweet he swerved the question and started talking about golf and Jennifer Harman instead.

Brunson pulled out of the 2010 World Series of Poker Europe citing the fact the travelling was taking its toll on him, along with the long days of having to sit playing poker. Whilst recovering from his recent surgery he withdrew from the NBC Heads Up Poker Championship and the PokerStars BigGame and he even wrote in his blog, "Winning bracelets and poker tournaments aren't as important to me as they were a few weeks ago." Could it be that Doyle Brunson is going to step aside and hang up his trademark Stetson once and for all? Only time will tell.

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April 1, 2011

The Betfair Poker Interview: Jesse May (1 of 2)

Poker News RSS / Short-Stacked Shamus / 01 April 2011 / Leave a Comment

100 Poker News

When it comes to poker-themed novels, Jesse May's Shut Up and Deal (1998) stands out as an especially accomplished entry in the genre, a book that brings alive the unique and fascinating world of the cash-game grinder of the mid-1990s.

In Shut Up and Deal May's narrator, a young poker pro named Mickey, relates in episodic fashion the story of his ongoing struggles both at the tables and elsewhere, exploring in detail the many challenges faced by himself and others as they all separately strive to "stay in action." Full of memorable characters and set pieces, I highly recommend May's novel as both an entertaining read and an insightful exploration of poker's many highs and lows.

In addition to his poker writing, May is well known for his contributions as a commentator on numerous poker shows, a role that has earned him the nickname "the Voice of Poker." For May that career began shortly after the publication of Shut Up and Deal with the first season of "Late Night Poker" (in 1999), a show that would come to have great influence on televised poker a few years later with the launching of the World Poker Tour and expansion of coverage of the World Series of Poker on ESPN.

I recently had the opportunity to talk with May about both Shut Up and Deal and the early years of "Late Night Poker." This week I'll share the first part of our conversation in which we focused on May's novel, and next week will present the story of his involvement with "Late Night Poker."

Short-Stacked Shamus: I know Shut Up and Deal is based somewhat on your own experiences playing poker in the late '80s and '90s. To what extent is Mickey's story comparable to your own?

Jesse May: First of all, the story is true in the sense that I think truth is stranger than fiction. When I was writing it, I wasn't worried about it being true, but I think that when it comes to a lot of gambling stories, you find that you could never make this stuff up. That's been the case, I think, for every moment I've been in the gambling world.

Like Mickey, I did start playing when I was in high school. With a couple of other guys we all got obsessed with poker at the same time, then went out to Las Vegas -- four of us, all underage, like 17 or 18 -- and there discovered Texas hold'em (limit). Soon after that it became kind of a more serious thing for me. I used to go to Las Vegas quite a bit, spending summers there trying to play poker. I dropped out of college twice, and after I turned 21 I ended up in Vegas and really tried to make a go of it.

Obviously it was during that poker explosion, and so as far as the places in the book go, they did kind of coincide with where I was. I spent a lot of time in Las Vegas. I was at Foxwoods within a month after they opened up [in 1992] and stayed there the better part of a year. I was in Atlantic City the very day they opened poker [in 1993], and stayed there about a year-and-a-half. Those were really interesting times as far as poker goes, because it was so new. There was no internet, obviously, back then, and all the action was there. I think the world had never seen anything like those two major openings -- Atlantic City and Foxwoods.

shutupanddeal.pngSSS: In a way the novel kind of chronicles this interesting and important moment for poker. For a lot of people who only came into poker post-Moneymaker, they might not realize how significant that earlier "explosion" really was.

JM: That's true. Also, it was interesting... at the time there were some poker texts, but most people really didn't have access to them. So it was a combination of there being so few people who played poker -- not even well but just marginally -- and there being so much money around.

It was incredible, because it required such a different skill set to become a poker player then -- a professional -- than it does today. The skill sets then were really about money management and surviving in that hustling type of world rather than sitting around talking about hands. People didn't sit around and talk strategy then. You talked about who was cheating and who owed you money and that kind of stuff (laughs). And I loved that world, and so for me it was a great time.

SSS: The world you are describing really had much more in common with what was the case before -- even stretching back to the 19th century -- than what the poker world has become over the last decade.

JM: It's true. I look at a guy like Amarillo Slim [Preston]. You know -- throw out all the personal controversies that he has had -- people have been very critical of his game, saying that he's essentially not a poker player. And to some extent that's true, but the fact is that in his time, and even when I would play with him a little bit back at Foxwoods, he was representative of a guy who was a great professional as far as poker went. Because he knew everything else. He knew how to get a game together, how to get an edge... he knew all that stuff. And I always had a lot of respect for him.

It was people like that -- like the Bart Stone character [in Shut Up and Deal] -- who really were able to thrive back then, and who wouldn't be thriving now. And it really was, as you're saying, the tail end of that era where that sort of "road gambler" was able to succeed.

SSS: How did you come to decide to write a novel about this world you were experiencing?

JM: The book itself was written as a catharsis, really. Back when I was playing, you got such a strong response from people when they found out you were playing poker. You kind of continually felt yourself defending your lifestyle to others and to yourself and trying to make order of it.

I used to take a lot of breaks when I played poker, and this particular time when I had the first crack at writing the novel, I had been playing in Atlantic City and took off nine months to travel in Asia. It was during that period I wrote the bones of the novel, writing every day.

SSS: So the places and chronology of the novel roughly correspond to your own experiences. The characters -- Bart Stone, John Smiley, Uptown Raoul -- I assume they, too, are somewhat based on people you knew and with whom you played?

JM: Yes. Actually there were some liability issues with the publisher that made it very important for me to go through and change certain things -- ethnicities, physical qualities, names, things like that. But a lot of times [with a given character] there was some person I had in mind, and sometimes characters were compilations of different people.

The Bart Stone character, for example, was probably as close to real as you could get [i.e., with regard to the person on whom he was based]. He was such a strong personality, you couldn't exaggerate him. His life was so amazing... he really was one of the true road gamblers. He was a guy who had a church-going wife and completely lived this sort of "picket fence" existence for three weeks out of every month, then for one week he'd get into his car to some town -- just start driving -- and find a town, find a game, and find a way to get the money.

He had this saying. He said he'd go into a town and first he'd try and beat people on the square. If that didn't work, he'd try and cheat them. And if that didn't work, he'd just pull out a gun and rob the motherf*ckers. That was his philosophy of life!

SSS: You actually start the novel with Bart Stone -- with a sketch of his character and telling the story of him cheating others. It's interesting, because I think by starting the book that way you kind of indirectly introduce Mickey as a contrasting figure -- a "good" guy, that is, who looks at Bart and expresses a kind of awe because he could never live that way. But then he weirdly admires Bart, too. And Mickey, as we come to find out, isn't without flaws himself.

JM: I guess it's kind of flattering to hear you say that. You know, I recently just read Vicky Coren's book. I don't know if you've read that.

SSS: Oh, yes -- For Richer, For Poorer [reviewed here]. It's terrific.

JM: Yes, I quite like it, too. And I think the reason I like it so much is that unlike a lot of these "tell-all" poker books or whatever they are, Vicky never tries to make herself into sort of an elite. She throws herself in with the poker players -- they are her peers, and she's not trying to pretend that she's not as bad or as good or as sick or as addicted or anything as any of them. And I always thought that was kind of important in the poker world as far as keeping your own order together was concerned -- that if you do think you're different or better than everyone else, at least recognize that you're a hypocrite (laughs)!

One of the things about poker, especially back then, is that you are faced with so many moral choices. I think that's what excited me about the story more than anything else. Just because of poker's nature, the decisions that you have to make every day... you are constantly testing out your own morality. And other people's, too. You find out a lot about what lengths they'll go to, what depths they'll sink to, really who they are as a person. Poker reveals so much about people's personalities because the ethical dilemmas -- the gray areas -- they come so fast and furious.

SSS: There are several themes present in the novel. One seems to be the way people tend to view poker either realistically or they romanticize it -- that there's a "reality" of poker that some get, and there's a "romance" about the game that others prefer to see.

JM: I'll buy that.

shutupanddeal2.pngSSS: A related theme in the book -- and this is interesting because you've already used this phrase a couple of times with regard to the writing of the novel -- is this idea of "making order" of your life. Mickey is constantly trying to do that himself in the book, and struggling, at times, between being "realistic" and being "romantic" about his life as a full-time poker player.

JM: I think that for people who play poker professionally today, that "order" is so much more readily available. And it's an order that is very similar for all of them. They've identified profitable ways to play, mistakes their opponents make, and all of the numbers involved that they can see with the tracking software and things like that -- the order is there. I think it was much harder before. But believe me, [players today] still have a lot of chaos in their lives, because the nature of poker and gambling is obviously based on the streaks of winning and losing. That stuff throws off your sense of balance.

Then there's the "moral" order of setting up rules for yourself, which obviously is a whole other thing. The order of believing that what you're doing is the right thing to be doing. To me that's always been the major theme of gambling -- not just poker -- that you're always making up new rules for yourself. Maybe it's like that in life, too, you know, something works for a while and then something throws it off and you have to go back to the drawing board. But it's very important for people to have a sense of order, and I agree that's something that Mickey struggles with in the book. As everybody in the poker world does.

SSS: Okay, one last question about the novel. What writers -- poker and otherwise -- would you list as ones you admire and might consider as having influenced you when writing Shut Up and Deal?

JM: As far as poker writers are concerned, I love Al Alvarez, of course. And Jon Bradshaw, I love the way he profiles people in Fast Company. Also, Damon Runyon, to me, is one of the great writers of all time when it comes to creating the characters of gambling. I feel like he is so underappreciated, although now that I think about it I probably never read any Runyon before I wrote the book. And Mario Puzo's Fools Die...

SSS: You allude to that one in Shut Up and Deal.

JM: Oh, that's right. You know Puzo was a big gambler. To me, Fools Die was the greatest book on Vegas that had ever been written. There are a couple of scenes in there in which he describes Vegas that I think heavily influenced me.

For other [non-gambling] stories, I used to read Somerset Maugham quite a bit. I love storytellers who are happy to tell the details they want to tell, you know? Writers like Hemingway or Djuna Barnes... who show that it doesn't have to be a [linear] sort of narrative where you say "he said" and then "she said" but that you can just relate what strikes you about people. I always felt like that at the poker table, but essentially there you are just watching people, which I love to do.

Much thanks to Jesse May for taking the time. You can order a copy of Shut Up and Deal online at Amazon or Amazon UK. To find out what May is up to currently, check out his excellent podcast, The Poker Show. And come back next week for more with May regarding the early years of "Late Night Poker."

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