Archive for January, 2007

Poker tournament sets new Atlantic City record

Friday, January 19th, 2007

A poker event held in Atlantic City, New Jersey, has hit the headlines by turning into the largest such tournament ever held in the famous gambling region.

The Borgata Winter Poker Open has only been running for two years but entered the record books on January 17th when 1,370 players competed in the first day of the 2007 event, which also features the World Poker Tour (WPT) Classic tournament.

The Borgata Open runs until January 30th. Its numbers are thought to be so high because of the influx of players from the world of online gambling. Seasoned professionals such as Men Nguyen competed against a number of internet qualifiers who learnt their trade at online casinos.

Other big names in attendance include 2006 World Series of Poker (WSOP) winner Jamie Gold and Daniel Negreanu, who will both arrive for the WPT Classic early next week.

In total 13 main events and 32 satellite tournaments will be held over the course of the Open, with prizes on offer ranging from $120 to $1.5 million.

London poker cheat is jailed

Wednesday, January 17th, 2007

A poker player who conned casinos out of vast sums of money has been jailed after being found guilty of setting up elaborate sting operations. 

Yau Yiv Lam, a 45-year-old chef, made roughly £250,000 from his schemes in London casinos thanks to a vast array of spy equipment. 

Secret cameras, microphones and surveillance vans were all employed in the operation to defraud the six London casinos, it was revealed. 

Lam used a camera hidden up his sleeve to film cards being dealt, with footage then being played back in slow motion by accomplice Fan Leung Tsang, located outside the venue in a surveillance van. Another accomplice, Bit Chai Wong, was then informed of card details via a hidden microphone. 

Wong’s continued good fortune soon meant that staff at the London venues were uncertain of her methods, eventually culminating in her arrest. 

Lam was jailed for nine months, with Tsang and Wong receiving suspended sentences of a similar length as well as community service orders. 

New online poker advice released by Legends of America

Wednesday, January 17th, 2007

The popular Legends of America free e-book has been updated as part of the website’s continued aim to provide a comprehensive overview of the game for online users, it has been announced. 

Entitled Build an Online Poker Bankroll for Free, the e-book advises players on the best ways to overcome competitors on online poker sites such as InterCasino.com, as well as notifying them of the latest promotional giveaways. 

The free offering also gives players an account of the history of poker both online and offline, as well as an outline of essential poker techniques, Legends of America claims. 

“Online poker’s popularity is no secret. From watching Jamie Gold win the 2006 World Series of Poker coverage on ESPN to Poker After Dark on NBC with Shana Hiatt everywhere you turn you are exposed to poker,” said the president of Legends of America’s poker division Bob Braun. 

“The Build an Online Poker Bankroll for Free e-book is committed to providing online poker players the most up to date information on how to start and build your online poker bankroll with no initial investment,” Mr Braun continued. 

Earlier this month the poker book industry was itself the subject of a new publication, intending to help players choose the best guide from the mountain of recent books published on the subject. 

First Managers Blog and Henrik Larsson Rocks the Nation

Tuesday, January 16th, 2007

“If there weren’t luck involved, I guess I’d win every one.” – top pro Phil Hellmuth Jr after losing in the 2004 World Series of Poker

I think this statement is entertaining, makes a great quote (that’s why I’ve put it in my first manager’s blog) but utterly stupid. Let me tell you why. If you take the luck factor out of poker, you’d be left with a game similar to chess, bridge or gin rummy, a game where the best player always wins and the not-so-good players continue to play against other not-so-good players. That is if they continue to play at all…

By the same token, I like golf and tennis but I couldn’t dream of playing British Open or Wimbledon. Poker is different, I can dream of playing and winning the WSOP main event. And honestly, I think I could do it on a good day –with a little bit of luck. Or maybe a lot of luck…

This is because luck is such a big part of the game and is actually what makes Hellmuth and many other top pro’s the millionaires they are. In short; luck is what makes less good players able to take money from the good players in the short term, making them believe they are better than they are. Myself included.

“If I played 2003 WSOP with the improved poker skills I have today, there is no way I would have won it.”

I met 2003 WSOP champion Chris Moneymaker here in London a few months ago. We had quite an interesting discussion about luck in poker and his sensational win in 2003. He said; “If I played 2003 WSOP with the improved poker skills I have today, there is no way I would have won it.” That’s a sobering observation that I found quite interesting. Long term, pro’s should be happy that they get outdrawn against less experienced opponents once in a while, otherwise they would simply run out of games.

This thought reminded me of Stu Ungar, in my option the best no limit player that ever lived. The reason he took up poker was that he ran out of gin rummy games because due to his superiority. In the end he began offering potential gin opponents a handicap. He was known to let his opponent look at the last card in the deck, offer rebates to defeated opponents and always play each hand in the dealer position, all of which put him at a decisive disadvantage. He still won.

Enough about the late Stu, this is the first manager’s blog here at InterPoker and I hope you will continue to read it in the future. Your’s truly is a 35 year old Swede with 9 years professional experience of the online gaming industry, living in London, soon to move in with my Australian girlfriend, no kids, Head of InterPoker since this summer and the only Swede in this company making me both special and odd at the same time.

When my English and Australian colleagues where getting excited about cricket, I thought they where talking about some weird insect. When I try to explain the amazing achievement of Sweden winning both the Ice Hockey World Championships and the Ice Hockey Olympic Gold – the first country ever to win both in a year – I might as well have talked about gender issues during the dark ages! And don’t get me started on the glorious statistic of Sweden not losing to England at football since May 1968, despite 11 attempts. O well, I will most likely get some stick for writing this and will probably eat my words when England actually will win. For once, this week the two nations share a common interest with super Swede Henrik Larsson making an amazing debut for Man U. – one goal and an great overall performance against Aston Villa. At the same time it hurts on a personal level because I’m a Liverpool fan and Man U. is the arch enemy.

Back to poker. The intention of this blog is to give you the InterPoker player, some insight into what’s going on behind the scenes at InterPoker from my personal perspective. This forum is not intended to be an advertising area for whatever promotion we’re offering you. You can find all that out under our promotion page here .By the way don’t miss our latest promotion Reload Revolution with a bonus match all the way up to $1000 (I had to say that otherwise my boss will give me a slap). Plus it was my idea.

The ever ongoing discussion about RNG’s being rigged

The first subject I would like to bring up is the ongoing discussion about potentially rigged games in online poker. I play a lot of online poker with InterPoker’s competitors and when the cards are not with me I’m biting the table, cursing the random number generator and feel that sometimes the games have got to be rigged or fixed in the other players favour. Especially when I do well on one page and loose out on another.

However, when I calm down and think about all the years I’ve been on the inside of the industry and the endless discussions I have had with poker industry professionals (we all play on our competitors sites) it’s just doesn’t make any sense to rig the games. I have never encountered any company that’s done it and I ask myself why a company would do it. What some players tend to forget is that the company behind the site doesn’t really have any financial interest in who is winning and losing. All poker companies make their money out of rake which basically translates to player rent for using the tables.

If we going down the most paranoid train of thought the most financially rewarding model for the company would be if the games were rigged so all the players were winning an equal amount of money and just bouncing the money back and forth between each other. And not even the worst beaten player has encounter a site setting up their operation like that. No, the only way that makes business sense long term is to set up the random number generator, just as is should be, random.

Bad Beats

When we are on the subject of luck and randomness. I would like to discuss another subject that ties into the above; the ever ongoing discussion about bad beats. I know a lot of you guys hate to hear about bad beats but I think they do deserve some space in the public sphere. I would like to encourage each one of you to send through your bad beat stories and I will publish them if I think they are especially bad. To save all of you that dislike the whining I will publish them last in each blog so you don’t have to read them if you don’t want to.

Before I give you my bad beat from my home game this weekend I would like to give you the reason for why I think they deserve some blog space.

Bad beats stories are just like a blog itself a form of therapy. The fluffy concept of a bad beat means you have unfairly been beaten and therefore have the moral right to whine about it. A little bit like getting an unfair parking ticket when following the rules. Some players even blame their opponent for playing badly enough to find themselves in the situation in the first place. All that bad beat emotional distress could have been spared if only the opponent had enough balls to fold his mediocre hand. I’m no exception, even if I think I have got better at it, because it is a pathetic way to behave.

Anyway let me whine a little before I have to go back to work.

The setting is a home game in my living room this Saturday. I’m up against a very fresh player that is acting calling station in a S&G game. My cards are running cold and I have tried twice to bluff this player with mediocre hands. Both times I’ve been called and lost. Finally I pick up AA on the button. One player in mid position flat calls, I raise it up to a total of 200 making it an extra 100 to go (SB 50 BB 100). SB folds and fresh player who is on BB calls and original caller from mid position is folding, knowing I’m up to something (yes we have played each other many times before). Flop comes down Q94 rainbow. Ain’t too bad given my hand. Fresh player checks and wise from outdraws I fire off a bet of 500 (pot). After thinking for about 5 seconds she calls. Next card 10 and I just got a feeling it hurt me. She checks and I will not give her the chance to get another free card so I shuffle in my last 500 and she calls. What did she have? 10-9 suited and she knocks me out of the tourney and I immediately start to whine and ask her how the heck she could play it like that. She says; “I won didn’t I? Stop being such a bad looser.” And you know what, she is right.

No Flash in the Pan for Aussie Joe

Finally a big congratulations to 2005 WSOP champ Joe Hachem winning the Doyle Brunson North American Poker Championship, main event in Five Diamond World Poker Classic (why keep the name simple when you can make it complicated). This victory proves Joe to be one of the best tournament players right now and gives him some extra pocket money to the tune of $2,182,070. I have met him too and whish him the best of luck for the reason that he’s not only a great player, but he’s also one of the nicest guys in the industry making him a perfect ambassador for poker.

Next week it’s EPT in Copenhagen and I will be there. If you read this and are going don’t hesitate to get in touch with me for some gossip or a chat.

Until then good luck at the tables and don’t forget to send your bad beat stories or just general poker thoughts through.

/Henrik

NBC announces names for Heads-Up Poker Championship

Monday, January 15th, 2007

NBC’s Heads-Up Poker Championship, one of the first major television poker programs, is to return this year with a host of famous names, it has been announced.

The first tournament was shown in 2005 as the television network attempted to take advantage of the boom in online play, and the success of the show meant that it was renewed for a second, and now third, year.

Featuring on the 2007 show will be names such as Gus Hansen, Chris Moneymaker and Jennifer Harman, as well as the current holders of the World Series of Poker and World Poker Tour titles, Jamie Gold and Joe Hachem.

Winners of the 2005 and 2006 Heads-Up tournaments, Phil Hellmuth and Ted Forrest, will also be in attendance, making this year’s line-up the most star-studded yet.

The show will run from April 8th to May 20th, with episodes to be shown on Sunday afternoons.

More countries signing up to online gambling regulation

Friday, January 12th, 2007

With major European countries such as the UK, Italy and Spain having changed their policies and embraced the regulation and legalisation of online gambling, other nations now appear to be following suit.

Moves by countries such as Belgium to police the online industry throws policies from countries such as France into stark relief.

The Belgian move would see events such as the country’s national lottery being able to organise online drawings, along with the removal of prohibitions surrounding online gambling as a whole, should proposed legislation receive the seal of approval.

Similar regulatory efforts are underway in the Ukraine, where gambling is set to be legitimised for the first time.

And even Kazakhstan, now never knowingly referenced without an accompanying comment about famous citizen Borat, is beginning to license its industry, with casinos and slot machines being opened in select regions.

Major developments in recent months have seen both the UK and Italy initiate gambling acts intended to police, rather than prohibit, the rapidly expanding online gaming industries.

Report outlines online gambling advantages

Thursday, January 11th, 2007

An article weighing up the differences between online and offline gambling has concluded that internet-based casinos provide superior offerings.

The report, posted on influential poker website Pokernews.com, cited the “speed and comfort of online gambling” as a significant factor in the equation.

By contrast, the busy nature of Las Vegas casinos visited by the author for research meant that the pace of betting remained slow throughout the evening.

Online gambling has experienced huge expansion within the past few years, as gamers turn to the internet as a convenient, varied and lucrative way to enjoy their favourite pastime.

The 21st century lifestyle has meant that many gamers no longer need to concern themselves with the numerous casinos being built along the Las Vegas Strip, instead preferring to relax at home.

“The quickness of hands being turned over, the deposit bonuses that all great online casinos offer you and the money and time you save by not having to pay for travel and accommodation expenses and you have a no-brainer,” the Pokernews article concludes.

InterPoker offers trip to Monte Carlo

Tuesday, January 9th, 2007

Leading online poker site InterPoker has announced details of its latest potentially-lucrative offer, which will see one player get the chance to play in this year’s European Poker Tour (EPT) final in Monte Carlo.

Held between March 28th and April 1st, the final represents the pinnacle of the EPT annual calendar, and offers lucrative prizes.

InterPoker’s offer allows users of the site to play their way to the tournament via a series of satellites. Qualifying for the weekly online EPT competition, held on Saturdays at 21:00 GMT, will give gamblers the chance to win the trip abroad.

With one player guaranteed to emerge victorious, the competition is bound to be intensive every weekend up until the closing date of March 3rd.

The eventual winner will receive a €12,000 package, comprised of the necessary €10,000 buy-in to Monte Carlo event as well as €2,000 in cash for travel and accommodation.

Variety of games on offer at VIPCasino

Monday, January 8th, 2007

VIPCasino.com, the popular online casino aimed at experienced players, is offering over 180 games for gamblers to try out in 2007.

More recent additions to the extensive existing collection include a selection of nine lines slots, featuring the latest game in the Marvel slots series – the Silver Surfer.

Other nine line additions include one based on the power of fabled Nordic god Thor, which allows for ten free spins instead of the five found on games such as Blade.

An increased number of 20 lines slots have also been made available in recent months, with games ranging from the exotic Eastern Dragon to the potentially lucrative Rags to Riches.

However, with all such games having been played by in-the-know players for a good part of 2006, many will be queuing up to await the new line of games set for 2007. Software provider CryptoLogic has already revealed its intentions to expand further this year, meaning that gamblers are unlikely to have long to wait.

Online guide hopes to entice poker players

Friday, January 5th, 2007

Online gamblers turning to guides and strategy books in an effort to improve their games have been offered a more accessible way of uncovering the secrets of poker.

A new advice website, pokerbooksonline.blogspot.com, aims to provide a comprehensive overview of useful tips and strategies.
Jim Moir, who founded the site, claims to have bought 30 guidebooks and spend $600 in the process, but found that “only four were useful”.

“I thought I would set up this site, just so people could know what the best ones were, and so they wouldn’t have to spend money on the useless ones,” he commented.

Last month poker expert Jon Eaton also listed what he considered to be the best poker books. “I suggest before anyone begins playing seriously, they read The Theory of Poker by David Sklansky. This is the bible of poker basically,” he commented on the PokerPages.com website.