WSOP Players Who Have Won $1M and More in Lifetime

June 4, 2007 at 1:31 pm | In Uncategorized | Leave a Comment

by Nolan Dalla

First published in Poker Player Newspaper

WSOP MILLIONAIRES CLUB

 

GOLD JAMIE $12,000,000.00

HACHEM JOSEPH $7,899,828.00

WASICKA PAUL $6,166,936.00

CUNNINGHAM ALLEN $5,999,187.00

RAYMER GREGORY $5,433,450.00

HELLMUTH PHIL JR $4,886,672.00

CLOUTIER T.J. $4,263,634.00

DANNENMANN STEVE $4,258,935.00

BINGER MICHAEL $4,224,880.00

WILLIAMS DAVID $3,933,654.00

CHAN JOHNNY $3,815,014.00

HARRINGTON DAN $3,494,513.00

BUTLER RHETT $3,216,182.00

ARIEH JOSH $3,193,395.00

FERGUSON CHRIS $3,139,982.00

SEIDEL ERIK $3,125,605.00

LEE RICHARD $2,803,851.00

IVEY PHIL $2,659,364.00

BRUNSON DOYLE $2,557,391.00

MONEYMAKER CHRIS $2,528,153.00

BARCH JOHN “TEX” $2,504,000.00

TOMKO DEWEY $2,503,828.00

KIM DOUG $2,400,800.00

REESE CHIP $2,273,500.00

MORTENSEN CARLOS $2,120,359.00

UNGAR STU $2,081,478.00

NGUYEN MEN “THE MASTER” $2,056,632.00

MATUSOW MIKE $2,050,728.00

SEED HUCK $2,036,300.00

VARKONYI ROBERT $2,000,000.00

KANTER AARON $2,000,000.00

FRIBERG ERIK $1,979,189.00

NGUYEN SCOTTY $1,975,922.00

JOHNSTON BERRY $1,931,667.00

FARHA SAM $1,912,770.00

CHIU DAVID $1,847,581.00

BECHTEL JIM $1,838,861.00

BLACK ANDREW $1,832,511.00

BONETTI JOHN $1,743,993.00

FLACK LAYNE $1,677,190.00

BRENES HUMBERTO $1,606,799.00

DASTMALCHI HAMID $1,600,700.00

KELLER JACK $1,593,645.00

NASSIF DANIEL $1,566,858.00

LAZAR SCOTT $1,507,893.00

HEIMOWITZ JAY $1,505,290.00

MADSEN JEFF $1,467,852.00

GARDNER JULIAN $1,451,200.00

LESTER JASON $1,323,977.00

CERNUTO “MIAMI” JOHN $1,309,349.00

KONDRACKI BRAD $1,300,000.00

WATKINSON LEE $1,271,010.00

CARTER BRENT $1,265,313.00

HAMILTON RUSS $1,261,940.00

MCEVOY TOM $1,257,879.00

JUANDA JOHN $1,245,838.00

JUDAH MEL $1,226,954.00

MATLOUBI MANSOUR $1,223,432.00

NEGREANU DANIEL $1,178,363.00

KRUX AL $1,165,573.00

GOLDBERG FRED $1,161,945.00

MAGILL JOHN $1,154,527.00

FORCE LEIF $1,154,527.00

DAUGHERTY BRAD $1,153,009.00

BERGSDORF DANIEL $1,150,000.00

BALAS ELI $1,148,041.00

HUGHES GLENN $1,144,270.00

BLOCH ANDY $1,119,860.00

APPLEMAN MICKEY $1,099,683.00

FURLONG NOEL $1,070,785.00

FORREST TED $1,053,284.00

MA HIEU “TONY” $1,046,977.00

ULLIOTT DAVID $1,036,036.00

WILLIAMSON III ROBERT $1,034,494.00

LEDERER HOWARD $1,030,018.00

GIANG CHAU $1,014,769.00

 

There are 76 official “WSOP Millionaires.”

Beyond Skill

May 11, 2007 at 1:25 pm | In Psychology | Leave a Comment

by Jim McKenna

First published in Poker Player Newspaper

There’s a trait that goes beyond good poker skills. This is usually a trait that is reserved for players who like themselves, other players, and the game itself. It can turn lemons into lemonade. When you have been around this trait, you are glad you were there-even if you were beaten by another’s good will and sense of humor. It’s the trait of being happy and being up-in good times and in bad. Not many poker players have it. Those that have this trait seem to be the consistent winners.

 

Have you ever seen a negative player who is constantly complaining and whining ever do consistently well in poker? It’s a pretty rare sight. While they may get lucky occasionally, playing loose results in losing.

 

The same seems true of consistent winners. True, when you are doing well, it’s easy to be positive and upbeat. Yet, notice a consistent winner. When they have a bad run, they are not complaining. They are instead busy staying upbeat and positive. They are dealing with bad times and staying in a good frame of mind.

 

This is one of the reasons that I wrote Beyond Traps: The Anatomy of Poker Success. It’s coming out in June of 2007. What I say in that book is that, “Having the right attitude is probably the single most important power a person has to bring to the table. The best attitude to play with is a positive one. Attitude is like an odorless gas that can poison the room or infect others much like ‘laughing gas.’”

 

This is true in most of what we do. I learned a long time ago that when I did therapy and didn’t approach it as being my usual upbeat self, I would not do a good job. There’s something about my being myself, which is more on the upbeat than the serious side that brings out the best in my therapy and in my poker. There’s also something about being an upbeat poker player that can help your game. I was discussing this with a friend who plays a lot of high stake limit and no-limit games. He agreed that, “Having a positive mood is good for your cards!”

 

There’s also something beyond just being good at what you do and knowing all the odds of when to play and when to lie hands down. There’s having the self-control to deal with hard times and bringing an attitude to the table that other players are lacking. It’s the ability to bring an attitude of gratitude- that’s being grateful for being alive and still in the game. It’s the ability to look on the brighter side of things.

 

There’s the opposite attitude that will show up more often at low limit tables and in some very high staked games (where there’s already a lot of money in the pot from large blinds and antes). In these games, there are those with a “hold’em attitude” who play their positions with good combinations of high cards and connectors. Then there are the “no-fold’em hold’em” players who will play any two cards until the flop-regardless of position. It’s the difference between playing “hold’em” and what I call “flop’em.”

 

That said, let’s get back to how attitude helps or hurts your cards. Attitude will turn a seasoned and skillful player into a pompous child sulking because someone broke the “secret bargain” and stayed long enough to beat them. Attitude is not something players are born with. Besides being learned, attitudes can be changed. That’s the good news. By changing attitudes, players will enjoy others, the game, and even themselves more.

 

In short, players with bad attitudes are much easier to beat than players with good ones are.

WSOP Preview: The Process of Changing Payout and Tournament Structures

May 11, 2007 at 1:21 pm | In Uncategorized | Leave a Comment

by Tim Lavelli

First published in PokerNews

Directly in response to comments from WSOP 2006 participants, Harrah’s made some major adjustments in the tournament payout structure and the tournament blind and ante structure. The revised and ‘flattened’ payout structure is getting a lot of media coverage after a recent Harrah’s press release. Let’s look behind the changes to the reasons for the evolving WSOP structure.

Gone are the days when the Main Event winner will be splitting a $12 million dollar prize up among friends, family, backers and assorted litigators; while the bottom end 870-something finisher makes $4K on his or her $10K entry fee. Last year the $12M announcement was met by almost universal player response of: “Why so much?” and “Why not cap it at $10M and spread the wealth.” Well that is exactly what is going to happen this year.

Like so many good ideas, it takes action by a few individuals to start the wheels of change. After the 2006 Series, our sources tell us that Barry Greenstein sent a “revised” payout structure to the WSOP staff; this was basically Barry’s thoughtful response to the player reaction to the 2006 payout structure. His was the payout structure that became the template for this year’s Series. But change does not come with a single stroke of a pen and one payout structure does not work for the diversity of events that the 2007 WSOP offers. No, it took over 200 hours of work between WSOP Tournament Director Jack Effel and Players Advisory Council members (with significant input from Howard Lederer) to create the series of five unique Payout Tables. Think you know your poker? Check out the Shootout Pay Table on worldseriesofpoker.com, and explain the gaps in the entrant numbers.

The changes in most events will result in smaller payouts on the top end of the tournament, basically the top 27 will receive less and the resulting increase in payouts in the bottom 90-95% of the pay structure. Last year’s $12M first prize in the Main Event would come down to around $10M under the new structure and the bottom end players would take home $20K instead of $14K. All of the 2007 WSOP events will change in a similar fashion. The changes do not add more players to the payout structure but simply more money to those who do burst the bubble at the low end of the pay scale.

Right along with the payout structure changes were the changes to the blind and ante structure for all events. As previously announced, every event in the 2007 WSOP will start with double the chips from last year. Gone are the days where one big hand in round one of a 1500 chips event made you an automatic short stack. Again, a lot of hard work and collaboration between Jack Effel, Howard Lederer and the WSOP staff has created a new set of tournament structures that will allow for more play.

This is not to say that the starting chips were doubled and the structure left unchanged. To quote Assistant WSOP Tournament Director, Jimmy Sommerfeld’s classic line: “At some point in the tournament you have to bust some players out.” But change in the blind and ante structure allows for at the very least 70% more play for the prudent, patient player until their Aces get cracked back-to-back. Tournament Structure sheets can also be found on worlderiesofpoker.com

What’s More Dangerous?

April 10, 2007 at 1:18 am | In Probabilities | Leave a Comment

by Lou Krieger

First published in Poker Player Newspaper

Assuming you don’t hold any of the cards in question in your hand and there is no raise before the flop, what do you regard as more dangerous in a hold’em game: an ace on the flop, or a flop that contains either a ten or a jack? That was the subject of a discussion I had recently with a well-known poker theorist. One line of reasoning we discussed is that an ace is more dangerous because so many players are prone to play aces – any ace at all – and it doesn’t much matter what the side card is.

 

Even if you’ve never thought much about this before, the next time you sit in a hold’em game take a look at the hands being turned over in a showdown. While you’ll frequently find players holding A-6, A-2 and hands of that ilk, you seldom see anyone turning over K-2, Q-3, J-4 and similar hands unless they got a free play in the big blind.

 

While poker players are more prone to see a flop with an ace in their hand than a hand containing a jack or a ten, there’s another school of thought that says a ten or a jack is more likely to be in an opponent’s hand when the pot has not been raised, because those kind of cards – cards that lie near the bottom end of the playing zone – are played more often for one bet, particularly by players at the rear of the betting order.

 

Another line of reasoning suggests that the time you have to worry about your opponent holding an ace in his or her hand is when the pot is raised before the flop. With aces, those who follow this line of reasoning are either going to fold because their kicker is weak and they are out of position, or they are going to raise because their position is good, their kicker is strong, or they might be able to win the pot right then and there just by raising.

 

My personal opinion, and I have no hard, quantifiable evidence to back this up – it’s simply anecdotal data gathered over a lot of poker tables – is that it really depends on the nature of the game.

 

In lower limit, no-fold’em hold’em games, where you frequently see four or more players taking the flop, some of those players will be in there with any ace. Period. End of story. A-2? “No problem, man; I’m calling!”

 

Ace-anything, it seems, is worth a look at the flop by many players, particularly if the pot was not raised. In fact, even when it is raised there are lots of players who will call in early position with any ace. They often wind up cold-calling a raise only to see a flop with a weak ace regardless of the position they are in.

 

In bigger games, and for want of something more precise, let’s say we’re talking about games of $15-$30 and above, players usually bring their ace in for a raise or they fold. If the pot was not raised before the flop in a higher limit game, and an ace flops, you can discount it much of the time.

 

But that’s not the case if a ten or a jack appears on the flop, because in bigger limit games those are precisely the kind of hands many players will limp in with as long as they have a reasonable assurance of seeing the flop for one bet – and this reasonable assurance translates into playing a ten or a jack or a jack and a ten from late position with a large field for only one bet.

 

In a mid- or big-limit game, if the pot is not raised and an ace flops, I usually discount it for any hand other than one the blinds who were lucky enough to see a free or inexpensive flop. That makes a flop with a ten or jack scarier in an unraised pot. But in lower limit games, an ace on the flop stands a good chance of matching one in someone’s hand.

Declining Aggression

March 23, 2007 at 1:44 am | In Psychology | Leave a Comment

by Lou Krieger

First published in Poker Player Newspaper

If you took a poll of poker players and asked them whether they thought online poker or the brick-and-mortar variety was more aggressive, I’d venture to say that most respondents would come down on the side of online poker being the more aggressive of the two. Although there’s plenty of room for disagreement, there’d also be loads of anomalies just based on the nature of the players even if there were some perfect way to determine which kind of game was more aggressive.

 

I play a lot of hold’em online, and if you ask my opinion, I’d tell you that in the mid-limit games that I play, and those include $10-$20, $15-$30, $20-$40, and $30-$60 as well as the hold’em segments of mid-limit HORSE games, poker in cyberspace seem to be more aggressive than games at the same limits in brick and mortar casinos.

 

Anyway, that’s my opinion. It’s not scientific. I didn’t take a survey. It’s just anecdotal – one man’s opinion. But I think it’s easier for players to be aggressive online because they are not subject to the constraints that occur when you look other players in the eye and know when they see you acting a bit friskier than you ought to be. It’s probably also the reason online players call too much. There are no other live players to serve as speed governors.

 

But it’s transient aggression. I see it all the time. I come into a pot for a raise and someone else comes in for three bets by reraising. I’ll call his raise but check when the flop misses me. When another blank comes on the turn I’ll either come out betting or raise my opponent because I’m putting him on two overcards and my raise tells him that I’m the guy with the big hand, not him.

 

If he three-bets the turn, I’m outta there, but usually he will fold and I’ll type something like “good laydown” in the chat box. Sometimes I’ll type “just a pair of treys” which, of course, usually convinces him that I had a pocket pair of aces.

 

If my opponent is the aggressor from early position- let’s say he limped in and then reraised from early position-he’ll always come out betting regardless of what flops. I’ll call or even raise if the flop looks like the kind that missed both of us. Often all it takes is for me to come out betting the turn to cause him to release his hand. When players are often overly aggressive before the flop they can’t have a powerhouse hand every time they raise. Sure, sometimes they go on a real rush and make hand after hand, but usually they speed around far too much, and even they realize they have to fold when someone plays back at them.

 

This kind of early aggression that turns into declining aggression on later betting rounds is very common online, and you can take advantage of it if you don’t over do it. By positioning yourself in your opponent’s mind as a very selective player, you can take advantage of early declining aggression by forcing your opponent to fold the weakfish hands he bluffs with too often.

 

There’s money to be made there, and every time you play correctly by folding your weak hands, you’re even supporting your selectively aggressive strategy because your opponent sees you fold. After a while, he’ll begin to see you as a frequent folder. And compared to his style of play, you are. But if you dial in this play at the right frequency-so that your opponent continues to buy it-you can bet or checkraise him at the right opportunity with little more than a better knowledge of his playing style than he has of yours.

Power Poker: A State Of Mind

March 19, 2007 at 4:55 pm | In Psychology | Leave a Comment

by Doyle Brunson

first published in Poker Player Newspaper

I’ve always been a believer in attitude. If a man thinks he’ll win at poker, then he’s more likely to prevail. Confidence won’t make you any luckier, but it can make you play better. Assuming you have enough skill to win, confidence will keep you from turning against yourself and letting self-doubt and panic prompt you to make poor decisions.

 

I guess my ultimate recollection in this regard happened years ago when a young man came to Las Vegas and conquered the seven-card stud games. His name was Keith. And I’m here to tell you, Keith just couldn’t lose. He destroyed those games. You knew from the moment he strode into the poker room that he expected to win. He acted as if it was his destiny to win.

 

I befriended Keith briefly. Beyond just being confident, he had a keen interest in learning the best tactics and would ask me for advice. He confided that he always psyched himself up before games. In fact, he told me that he used mental tricks to get himself into the “perfect winning mood.”

 

A trance. Once I found him in the men’s room minutes before the first deal, gazing into the mirror and saying, “I will win!” He repeated it over and over. Then he concluded solemnly, “Keith, you cannot lose.” And he left for the game in what appeared to me to be almost a trance of invincibility.

 

And, of course, he won.

 

He even convinced me to try a few of his experiments in self-confidence, such as imagining myself with all the chips piled in front of me. It seemed to work. As I’ve said, a player with confidence has a long-term advantage over one without it. There’s nothing supernatural about that, either. It’s simply that confidence is a psychological force that keeps you on target and unnerves your opponents. Then Keith’s behavior tilted toward bizarre. He once rose from his seat across from me in a restaurant and shouted, “Win! Win! Win!” After that, I never socialized with him. His mind was clearly cracking. Everyone could tell.

 

Play even better. Then he decided that he’d play even better if he could convince himself he was losing a little in the beginning of a session. That way, he figured, he’d have to be even more dedicated to win his way back to even. Even that mental trick seemed to work for him — for a while.

 

Then, one day, he tried his biggest psychological gambit ever. He spent hours making himself believe that he was an enormous $100,000 behind in a $300-limit game. Clearly he had bought into his own fantasy, because when he won the first pot and was ahead $2,000, in his mind he was still $98,000 loser and he still appeared desperate. That’s when he crumbled like sod squeezed through your fingers during a drought. In less than two days, he unloaded his bankroll. All gone.

 

I suppose playing mind games can be helpful or harmful, depending on how you use them. Personally, I stick to the simple stuff and leave elaborate mental experiments to more the more adventurous – like Keith. Poker players should have faith in their own abilities. That helps. And that’s as far as I take it.

The Poker Shrink – Vol 31 – Absolute Threshold and Signal Detection Theory

March 10, 2007 at 7:09 pm | In Psychology | Leave a Comment

By Dr. Tim Lavalli,

First published in PokerNews

Absolute threshold is a very specific psychological and sensory term. Absolute threshold refers to the smallest intensity of a stimulus that has to be present for the stimulus to be detected. The most common example of this involves sensitivity to heat. Think of an electric burner on a stove. You place your hand on the burner and then turn it on low. At first you won’t feel anything because it is takes time for the coils to heat up. Eventually it will get warm enough for you to detect heat; there is some temperature that is just hot enough for you to notice it. In this case your absolute threshold is the point at which it is just hot enough for you to detect the presence of the heat. Now for someone else the absolute threshold could be higher or lower; sooner or later. In psychology such a variation in perception or feeling is referred to as a threshold.

A threshold simply implies that there are different levels of response or perception to certain stimuli, which varies among people. We all have different levels of response to heat, light, sound, color and dozens of other sensory inputs. Your particular response or perception of a stimulus is your threshold. It is possible to measure when you become aware of something and often your awareness precedes your conscious recognition of the stimulus. You know when someone says: “The noise from those fluorescent lights is driving me crazy.” You hadn’t even noticed the annoying buzz but now that someone has mentioned it, you can’t stop hearing it. Did you actually not hear the noise before? Or was your absolute threshold for the noise reset?

OK, what’s the application of absolute threshold to poker? Very simple. Your skills of observation at the table not only can be improved but can actually be reset. This means that you can detect and utilize more vital information from your opponents by resetting your threshold of awareness.

There is another interesting concept in psychology called signal detection theory which says that our ability to observe is not an absolute quantity but rather depends on situational and motivational factors. Simple example, you learn more about your poker table opponents when you are paying attention and are not tired, distracted or drunk. Seems obvious but wait there is something much more subtle and valuable to your game and your bankroll going on here.

Let’s say that you are looking at the player in seat two when he tables his AKo to pick up a pot, which is to say you are watching the action instead of the cocktail waitress as she walks away from the table. Because you are watching the table, you also hear the player in seat seven say: “Played big slick a bit faster that time.” And the seat two player responds: “Well I was in early position this time.” Now you have three pieces of information instead of one and you have also reset your threshold to a higher level to receive more information. How?

Here is the point. Absolute threshold can be reset to receive more information (“to feel the heat sooner”) simply by paying attention. Signal detection is enhanced by paying attention to more information and the ability to remember the information and access it later in the game is also increased by both paying attention and having more information available. Notice that nowhere have we mentioned remembering the information or storing the memory. In fact, studies have shown that with absolutely no attempt to increase memory or use any memory tricks whatsoever, an individual will recall more information simply by paying closer attention to events as they unfold. The additional information actually makes you more sensitive to more subtle clues you would have missed previously.

By resetting your thresholds higher, you remember more of what you see and hear even with no conscious effort on your part to save those memories. It is a proven function of threshold behavior that as you make more refined observations, you simply retain more information. The simply truth at the poker table is: ‘Paying Attention Pays’.

U.S.-Friendly Online Poker Rooms: Where to Play, How to Pay

February 20, 2007 at 5:02 pm | In Uncategorized | 10 Comments

by Haley Hintze

First published in PokerNews

 Here at Pokernews.com, we’re all about customer service. One of the current topics of confusion among U.S.-based poker players is not so much which online rooms are open to American players, but how one gets their bankroll funds onto and off of these sites. With that in mind, we’d like to run down the options at six sites, each of which continues to accept U.S. players. Options aren’t as widespread as they were a few months ago, but with the exception of one set-in-stone rule — “No Personal Checks!” — players still have ways of moving money into and out of poker accounts. In addition, another service, YouTeller, is reportedly on the horizon but is not yet available at any member site. Here’s the current status of our sponsoring sites:

Poker Stars: Poker Stars currently lists three main pipelines for U.S. poker players seeking to fund one’s bankroll. Poker Stars currently lists ePassporte as its online e-wallet service of choice, although establishing an ePassporte account is in itself a several-day process. ePassporte is a pre-paid and reloadable virtual Visa-branded online account, which functions in much the same method as other, previously popular e-wallet services. Since the account is essentially a virtual Visa card, fees are a bit higher then for e-wallet services that used to function more as online banking accounts.

Poker Stars also continues to accept Visa and Mastercard credit-card deposits, though U.S. players most often find that their own cards are blocked by the issuing banks for deposits to gambling sites. However, a minority of cards can still be used in this way. Poker Stars also accepts cashier’s checks, bank drafts and money orders, though the player must pre-arrange this form of ‘paper’ deposit to ensure that funds are accurately tracked and deposited into the user’s account.

As for withdrawals, U.S. players at Poker Stars can either pull back money into their ePassporte account, effectively reloading the virtual card, or then ask to receive checks directly from Stars’ well-established paper-check system. There is a $50 minimum on checks, effectively creating a current baseline for funding and maintaining a Stars account, and all checks of $1,000 and over are sent via courier instead of normal mail.

Full Tilt: Full Tilt’s new payment-processing options have been the subject of much recent hullabaloo, with the recent addition of Wire Card, only to be withdrawn almost immediately when the company changed its U.S. facing policy. Now, Full Tilt has brought on MyWebATM as a new way of both depositing to and withdrawing from one’s account. MyWebATM is a virtual account/debit-card service with physical debit cards also available, much as with other comprehensive e-wallet services. MyWebATM does charge a $3.95 monthly user fee and has smaller flat-rate fees attached to most types of transactions, so it’s less attractive to the once-in-a-blue-moon player.

MyWebATM joins both ePassporte and Click2Pay among the e-wallets still currently offering services between U.S. players and Full Tilt. Full Tilt also accepts credit-card deposits for those players able to use that method, and Full Tilt also accepts cash transfers through MoneyGram outlets, with this form of deposit needing to be pre-arranged through Full Tilt customer service.

At present, withdrawals in amounts under $300 must go into either a MyWebATM, ePassporte or Click2Pay account, meaning that small-bankroll players must register with one of these services. (Also, see the note on Click2Pay EFT minimums in the Bodog section, next.) For amounts of $300 and larger, Full Tilt does send out physical checks, although Full Tilt is currently difficulties in obtaining new check-processing services, resulting in unexpected delays. In any event, players must contact Full Tilt support before paper checks will be issued.

Bodog: Bodog continues to maintain a variety of funding channels, including credit cards (if usable for the purpose), Click2Pay, NUcharge, and direct money transfers. NUcharge is an online pre-paid “virtual” phone card service into which players can enroll, and NUcharge customers then buy units of time, much like the physical phone cards available everywhere. A player can use NUcharge minutes to make phone calls, or can in turn resell these minutes to Bodog for their cash equivalent, an indirect but effective method of funding one’s account.

Bodog has also now implemented a direct “Money Transfer Deposit” system, wherein players contact Bodog Customer Service directly to arrange the money transfer. As an added incentive, Bodog is currently picking up the transfer charges as well for deposits of $200 and higher. Players must contact Bodog Customer Service directly to arrange transfers.

Withdrawals from Bodog also remain possible. Players can still transfer from Bodog (or other online poker rooms) into Click2Pay, but Click2Pay itself no longer does smaller EFTs (Electronic File Transfers) to player accounts. Click2Pay’s EFT minimum was recently bumped to a hefty $1,500, as much to thin out the low-dollar traffic, it appears, as anything. However, Bodog will also do a direct money transfer for withdrawal purposes, again by pre-arranging the transfer through Bodog’s customer support. Bodog also sends out physical checks by priority post, though these checks do take a couple of weeks to process. Bodog was recently picking up the FedEx fees associated with larger withdrawals via check, but that arrangement may or may not be temporary, and should again be verified with Bodog support.

Ultimate Bet: Ultimate Bet continues to make use of existing channels such as Visa/MC deposits, Click2Pay and ePassporte (now likely the method most often used), and now also accepts deposits through Western Union money transfers, MoneyGrams, bank drafts and money orders, and wire transfers made directly from a user’s bank account. For each of these later methods, players need to contact Ultimate Bet support to set up or verify the information needed to ensure that the transfer goes into the account as intended.

Withdrawals from Ultimate Bet are currently done via check, or through an ePassporte account. Players with pre-existing Click2Pay accounts also have that option, though it is subject to the internal Click2Pay restrictions mentioned above. Checks have a $50 minimum, but are processed free by Ultimate Bet for a limited time. Players can also request a check to be sent by FedEx, though a $25 delivery fee applies, which is subtracted from the amount of the check.

Absolute Poker: Absolute Poker has also introduced a new payment system in the form of Add-Funds, which is similar to NUcharge (see Bodog), in that its units of value are long-distance phone-time minutes, rather than cash. As with NUcharge, a Add-Funds user finances his account by making a deposit from an existing credit or debit card, even of the “throwaway” variety. Add-Funds’ virtual cards are available in $100, $150, $200 and $300 denominations, and then this value in phone minutes can be deposited into an Absolute Poker account. Absolute instantly re-converts the phone minutes into their cash equivalent for the player’s use.

In addition, Absolute maintains other deposit options, such as credit cards, ePassporte (widely used) and even Click2Pay for preexisting account holders, and now also offers bank wire, bank draft and cashier’s check options. As with other sites, contacting Absolute’s customer service to ensure proper linkage between a player’s intended physical-check deposit and account is required.

Withdrawals from Absolute are currently being processed through ePassporte, Click2Pay (preexisting accounts only), or by paper checks, sent via regular mail. Withdrawals by check are free for a limited time.

Poker.com: Poker.com’s financing options remain limited at the moment, but they too are working to open new channels. Currently, Poker.com recommends using either Mastercard or Visa credit cards to fund one’s account. As noted above, however, most major U.S-issued MC/Visa cards cannot be used to move funds to online poker sites, and Poker.com is recommending making deposits by credit card into a Click2Pay account as an alternate route, despite the fact that only pre-existing customers can make use of that channel. As for withdrawals, Poker.com still uses Click2Pay, and has instituted a direct-check payout method with worldwide FedEx delivery for all non-Click2Pay customers, though there is a $28 fee attached to this withdrawal method, making it unattractive for small-bankroll uses. Expect more from Poker.com in the near future.

Fit or Fold

February 20, 2007 at 4:50 pm | In Probabilities | Leave a Comment

by Lou Krieger

First published in Poker Player Newspaper

The flop is hold’em’s defining moment. For the cost of one small bet, you get to see 71 percent of your cards on the flop. That’s right; the flop comprises five-sevenths of your entire hand. It’s one of poker’s biggest bargains. Because of that, it’s imperative that the flop fit your hand in order to warrant the relatively pricy decisions to see the turn and the river. Deciding to see the turn or the river means seeing fewer cards at a higher price, and you need to have something that makes your investment worthwhile before making this decision.

 

Fit or fold – a phrase coined by poker author Shane Smith – means a couple of things. The first example is obvious: The flop should help your hand. If you begin with Q-J and the flop is Q-J-3 you’ve made two pair and were obviously helped by the flop. In fact, you can say it fit your hand like a glove. If you began with a weak hand such as 4-4 in the big blind and flopped a set of fours, the flop smiled on you in an even bigger way.

 

But that’s not the only way the flop can fit your hand. If you started with 9-8 and the flop was T-7-3 you flopped four to a straight and will probably get the right price from the pot to justify playing on in hopes of making a straight. The same holds true if you began with two suited cards and were fortunate enough to find two more cards of your suit on the flop. Now you have a four flush and that’s usually a draw worth playing too.

 

In addition to a flop that fits by pairing your hand or providing a draw to a big hand, the flop can help you by not assisting your opponents at all. Suppose you raise with a pair of queens before the flop. You’re rooting for a third queen on the flop, but there are a lot of cards you’re rooting against too.

 

Even though you were the raiser before the flop, you’d like to dodge a king or an ace, because those cards can give an opponent a pair higher than your queens. You’d also like to duck two or three mid-range or big adjacent cards because they increase the possibility of someone making two pair, a straight draw, or what’s worse, a straight. If the cards are two-suited you have to fear a flush draw, and if they are all one suit another player might already have a flush.

 

But if the flop is J-7-3 of mixed suites it effectively fits your hand because it probably missed your opponents’ hands. Unless someone has flopped a set – and the odds are against that -your hand, which was almost surely the best one before the flop, is probably still in the lead with only two cards to come.

 

You’re in good shape at this point. You can bet and force any opponent with a lesser hand to take the worst of it if he or she decides to call. With the best hand, betting gets more money into the pot, and that’s a good thing too. You are building a pot you are favored to win, while making it more costly for any opponent to stick around in hopes of outdrawing you. When you’re playing Texas hold’em, here are three rules of thumb for playing the flop:

 

• Play if the flop improves your hand right now.

• Play if the flop provides a draw to a straight or a flush that figures to win the pot if you complete it.

• Play if you have the best hand before the flop and the flop is so ragged in texture that it figures to miss your opponents’ hands as well as your own.

 

If none of these conditions are present, you can consider the flop to have missed your hand, and you have no reason to be in the pot unless you have a valid reason to believe your opponent is likely to fold to a bluff. But that’s a different story for a different day.

Tribeca To Withdraw Network Services from U.S. Market at Month’s End

February 16, 2007 at 10:28 pm | In Legal Issues | Leave a Comment

 The Tribecca Network is so gutless.  I urge players to avoid the network.

by Haley Hintze

First published in PokerNews

Tribeca In a move that caught many online poker sites by surprise, the Tribeca Tables network on Thursday confirmed that they will begin blocking all computers shown as originating from U.S.-based IP [Internet Protocol] addresses as of February 28th, ending Tribeca’s software services to these American players. In addition, no new sign-ups of U.S. players will be allowed on any Tribeca member site, effective immediately. Doyle’s Room was by far the largest room affected, with other notable sites including Platinum Poker, BetUS Poker, GoldenPalace.com and the new StraightFlush.com Poker among the temporarily impacted brands.

The move comes as Tribeca continues its ongoing merger/acquisition process with Nicosia-based Playtech, in a move that will still unite over 200 smaller and mid-sized sites into a single network. The Playtech merger includes sites formerly on the Tribeca, Tain and i-Poker networks. Tribeca was the only segment of the planned, enlarged Playtech network that was still offering services to U.S. players, and even at that, not to all 50 states; at last count, slightly more than half of the hundred or so listed Tribeca sites were still offering partial U.S. connectivity.

Tribeca had announced a grace period that Doyle’s Room and many other sites were using as they worked to launch their own, new poker network, open to U.S. players; it is this grace period that is ending at the end of the month. In addition to the two other Doyle’s Room poker skins, Platinum Poker and Never Lose Poker, a listing at the Doyle Brunson Poker Network site lists 25 more sites that were among those still allowing some U.S. play and are likely part of the upcoming DBPN launch. Tribeca’s unexpected cessation of services may be connected to issues with the ongoing Playtech deal — no press release has yet been issued — but in the meantime, U.S. players on Doyle’s Room and the other affected sites have been left without a means to play on their accounts.

Work continues as Doyle’s Room and others rush to get their own network up and running, with a new network expected to be active by March.

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