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2010 March 15

Nosebleed Update: The Isildur1 and Hastings Saga

The dynamics in the nosebleed-stakes cash games on Full Tilt abruptly shifted in mid-December when Brian Hastings annihilated "Islidur1" for $4.2 million. The single session lasted fewer than 3,000 hands and Hastings walked away with the largest single-session score in the history of online poker. Many pundits and pros hypothesized that Islidur1, an unknown player from Sweden, would eventually redistribute the millions he had initially won due to his erratic and hyper-aggressive play. But no one imagined that when Isildur1's roll was busted, it would be embroiled in controversy.

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Nosebleed Update: The Isildur1 and Hastings Saga

The dynamics in the nosebleed-stakes cash games on Full Tilt abruptly shifted in mid-December when Brian Hastings annihilated "Islidur1" for $4.2 million. The single session lasted fewer than 3,000 hands and Hastings walked away with the largest single-session score in the history of online poker. Many pundits and pros hypothesized that Islidur1, an unknown player from Sweden, would eventually redistribute the millions he had initially won due to his erratic and hyper-aggressive play. But no one imagined that when Isildur1's roll was busted, it would be embroiled in controversy.

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Poker History Lesson, Part 1

Today we're going to participate in a poker history quiz involving the Poker Hall of Fame inductees. Let's see how much you know.

Who first formed the Poker Hall of Fame? Johnny Moss, Benny Binion, Jack Binion, or Amarillo "Slim" Preston?

Answer: Benny Binion, who founded the Horseshoe Casino, formed the Poker Hall of Fame in 1979. He was also responsible for holding the first WSOP event in 1970 at the Horseshoe Casino. It was a by-invitation-only event in which six well-known players were invited.

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Poker History Lesson, Part 1

Today we're going to participate in a poker history quiz involving the Poker Hall of Fame inductees. Let's see how much you know.

Who first formed the Poker Hall of Fame? Johnny Moss, Benny Binion, Jack Binion, or Amarillo "Slim" Preston?

Answer: Benny Binion, who founded the Horseshoe Casino, formed the Poker Hall of Fame in 1979. He was also responsible for holding the first WSOP event in 1970 at the Horseshoe Casino. It was a by-invitation-only event in which six well-known players were invited.

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Prisoner Of Poker: We're All In This Together

If the odds are a million to one against something happening, chances are 50-50 it will. -Yogi Berra.

[This is a work of poker fiction set ten thousand hands in the future. Any resemblance to persons living or dead is coincidental.]

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Prisoner Of Poker: We're All In This Together

If the odds are a million to one against something happening, chances are 50-50 it will. -Yogi Berra.

[This is a work of poker fiction set ten thousand hands in the future. Any resemblance to persons living or dead is coincidental.]

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Raise 'n' Chase: Part 6

The table shows the "Rake Effect" at structured, limit hold 'em games where the limits double on the turn, i.e., the pattern, B-B-2B-2B. The table derives from a raise before the flop and one bet after the flop.

You will recall our previous columns where we raised pre-flop in late position with a modest hand, for example, 6d-5d. After the flop, either someone bet or they all checked to us and we bet. In that event the pot would contain three bets from each of the remaining players, plus dead money left by the blinds and by players who folded after seeing the flop, minus the drop.

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Raise 'n' Chase: Part 6

The table shows the "Rake Effect" at structured, limit hold 'em games where the limits double on the turn, i.e., the pattern, B-B-2B-2B. The table derives from a raise before the flop and one bet after the flop.

You will recall our previous columns where we raised pre-flop in late position with a modest hand, for example, 6d-5d. After the flop, either someone bet or they all checked to us and we bet. In that event the pot would contain three bets from each of the remaining players, plus dead money left by the blinds and by players who folded after seeing the flop, minus the drop.

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Smoky Poker

I recently returned from a driving trip through the Great Smoky Mountains of western North Carolina. They are a sight to behold-the low clouds resembling puffs of smoke, set against a backdrop of cliffs and trees. The vistas were made even more scenic by a heavy snow that had fallen the day prior to my drive.

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The Jock Tax

This article is limited to the one or more Federal tax issues addressed in the opinion. Additional issues may exist that could affect the Federal tax treatment of the transaction or matter that is the subject of this article and the article does not consider or provide a conclusion with respect to any additional issues. With respect to any significant Federal tax issues outside the limited scope of this article, the article was not written, and cannot be used by the taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer.

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