Wendeen H. Eolis
by Wendeen H. Eolis
It has been one full month since the New Jersey Division of Gaming Enforcement (DGE) ordered the Borgata Casino to cancel the opening event of its annual Winter Poker Open, but New Jersey regulators have yet to reach a conclusion to their investigation of bogus chips that were introduced into the competition. The extended delay has led to escalating agitation among players according to Bruce Licausi attorney for Jeffrey Musterel, plaintiff in a lawsuit filed last Friday against the Borgata.
Musterel is a recreational poker player from Egg Harbor Township, near Atlantic City. He is among the 4000+ players who participated in the tournament, but failed to cash in the tainted competition. The primary thrust of the legal papers is that the Borgata failed in its obligations to adequately protect the playing field, adequately.
Who's on First?
Many poker players lose for a single, simple reason. They don’t grasp the nature of the majority of their opponents. Because of this common and fundamental misunderstanding of opponents’ natural state at the poker table, players pour profit down the poker drain trying to accomplish things that are impossible. What does that mean? Listen, and I’ll tell you.
Why they play
In order to take advantage of your opponents’ greatest weaknesses, you first need to understand why they came to play poker. No, really. Let’s examine that. Imagine that you’re a regular guy or gal with a regular everyday job. Maybe it’s standing all day long behind a used tomato booth at a secret black market for fruits and vegetables. Maybe it’s painting over minor scratches on the bottom of automobile mufflers. Just some common job. Okay. Now imagine that your job is only thrilling for the first seven hours each day and that, by the final hour, you’re bored and eager to get home. Fine. So, that’s where you are right now. Home.
Then a monumental thought bombs your brain: “Maybe I’ll drive to the casino and play poker.” Immediately, your pulse quickens. An adventure awaits.
So, now I want you to stop imagining and jump back out of the head of your pretend opponent. You’re you again, in your own head. And that’s the “you” to whom I’m posing this important question. Here it comes. Do you think, while driving to the casino, your opponent is thinking, “I hope I can just sit at the table and not have to play any hands,” or “I hope I get to play a lot of hands”?
Wendeen H. Eolis
By: Wendeen H. Eolis
The leading suspect in a scheme to rig a poker tournament, at the Borgata last month, has gotten into more hot water with the law, this week. Christian Lusardi of Fayetteville, North Carolina was arrested January 24th in connection with the introduction of counterfeit chips in the opening event at the Borgata Winter Open. Unable to make the $300,000 cash payment for bail, Lusardi has been sitting in a jail cell since.
This week, prosecutors have upped the ante for Lusardi with new charges against him--wholly unrelated to the allegations of meddling with the publicly exhibited Borgata contest. While Lusardi was holed up in Atlantic City, federal agents apparently acted on a search warrant. They d found more than 37,500 illegal DVD disks in his home. Lusardi is now charged with a DVD bootlegging operation, as part of his rap sheet.
The picture is still not clear, however, as to whether the current status of the investigation into Lusardi’s activities will soon prompt the New Jersey Division of Gaming Enforcement (DGE) to come forward with a final resolution concerning the tainted poker tournament.
Investigation of Borgata Chip Caper is Ongoing According to DGE
LAS VEGAS (Feb. 11, 2014) – The 45th annual World Series of Poker® (WSOP®) – a set of poker tournaments open to anyone 21 years of age or older – officially puts cards in the air the day after Memorial Day, Tuesday, May 27, 2014, with an expected $200 million up for grabs, and play ramping up immediately with several new and exciting events early in the schedule.
But it may be what comes at the end of this year’s series that will steal the headlines, as poker’s world championship – aka the WSOP Main Event – will see the winner walk away with $10,000,000 and of course the diamond-encrusted bracelet. As was the case with the Millionaire Maker last year, the payout structure will adjust accordingly to accommodate the new Main Event wrinkle.
by Haley Hintze
New Jersey’s Lesniak Seeks International Players – New Jersey State Senator Ray Lesniak, one of the state’s most instrumental legislators in getting New Jersey to authorize and offer intrastate online poker, has now proposed legislation which would allow the state’s licensed online sites to accept players from other countries in addition to New Jersey residents and visitors. Lesniak’s new S980, with State Sen. Jim Whelan as co-sponsor, renews a bill sponsored by Lesniak in late 2013 which would allow the international players, though players from other US states would still be barred.
Are you ready for a poker test? Fine. This one won’t always be what you expect. It probes your knowledge of my Mike Caro methodology for winning at poker. That means, the correct answer to some questions may seem like opinions to you.
They aren’t opinions, though. When my correct answers differ from what you’ve heard elsewhere, then what you’ve heard is wrong. If that makes me an egomaniac in your mind, good.
I’ve done the research for decades, so you can decline to take this test and dispute the answers at your own risk. If you do, I’ll still love you, but I’ll be sad. Let’s get started with today’s two questions.
Question 1: Which statement below about the role of psychology in poker is most true?
(A) Psychology is overrated, because correct poker strategy is based on proven mathematical formulae.
(B) Once you have a solid foundation in normal poker strategy, most of your profit comes from psychology.
(C) Most serious poker players ignore opponents’ efforts to use psychology against them.
(D) It’s easier to determine how opponents play by watching for patterns than by trying to determine current moods.
Wendeen H. Eolis
By: Wendeen H. Eolis
Since January 18th, the 27 remaining players in the Borgata Winter Open's first event have been waiting for their money while the authorities investigate the particulars of 160 counterfeit chips (5K tournament chips), introduced into the tournament. While the fake chips amounted to a bit less than 1% of the total chips in play, the intrusion into the integrity of the competition put the Borgata, the New Jersey Division of Gaming Enforcement, and law enforcement personnel in overdrive--in a determined search for the culprit(s) and a a collaborative effort to bring the matter to a full resolution.
by : Wendeen H. Eolis
Bulletin: Borgata's Determination to Help Catch a Thief Pays Off
This afternoon official word was out. Christian Lusardi, of Fayetteville, North Carolina, was nabbed in an Atlantic City motel room, as a suspect in a more bizarre- by- the-minute case of counterfeit 5K chips that compromised Event 1 at the Borgata Winter Open. And, more 5K chips created havoc at nearby Harrahs where the plumbing system was fouled up with a mass of Borgata labeled tournament chips that were thrown down a toilet only to clog the hotel's sewage system.
By Wendeen H. Eolis
Four thousand + players journeyed to the Borgata Winter Open, for its first tournament -- a $560 buy-in, deep stack confection, with a two million dollar guaranteed prize pool. The numbers proved themselves; it was a “must play” event. But with twenty-seven players remaining in the field, the tournament was suspended before the commencement of day three, last Friday. One day later Event 1 was canceled.
The Big Guns Get Involved
The tournament had been compromised, said Joe Lupo, Senior Vice President of Operations at the Borgata. He explained that the New Jersey Division of Gaming Enforcement made the decision to cancel the tournament and place the remaining unpaid prize monies in a trust pending a further resolution. Lupo has had his hands full since revealing the discovery of "significant counterfeit chips" in play at the tournament. He has been juggling his time among competing priorities. He must cope concurrently with expectations of top management, availability to DGE and other investigative professionals, continued oversight and collaboration with his teams, and extensive attention to the plight of players whose dreams were smashed by a compromised tournament or its cancelation, and maybe both.
Players Put Men "The Master" Nguyen On Stage
Sadly, I must report on a poker epidemic. It’s destroying the profit of millions of serious hold ’em players. And it’s happening before our very eyes.
I’m talking about the epidemic of raising too often before the flop. Many players are doing this to command the table and to reduce risk when they hold hands that have an advantage right now, but are vulnerable to the flop.
So, what’s wrong with that? After all, you see modern players doing it on TV and winning. It must be right. Don’t old-time strategies fall victim to this trending new pre-flop aggression? It seems like it.
But, wait! It’s an illusion When players are overly aggressive, they win a lot of pots. As they accomplish this, they seem superior to other players, but their profits diminish. It’s the only thing that can possibly happen.