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By Wendeen H. Eolis
As a privately held company, the walls of secrecy surrounding senior management and the operations of Poker Stars were rarely challenged before the United States Department of Justice cracked down on online poker last year.
In the Government’s April 15, 2011 indictment, the US Attorney for the Southern District of New York finally honed in on the former “Big Three” online poker companies—Poker Stars, Full Tilt Poker, and Absolute Poker/Ultimate Bet—in a bid to end online poker in the United States and put key executives of these companies in jail.
By Wendeen H. Eolis
As a privately held company, the walls of secrecy surrounding senior management and the operations of Poker Stars were rarely challenged before the United States Department of Justice cracked down on online poker last year.
In the Government’s April 15, 2011 indictment, the US Attorney for the Southern District of New York finally honed in on the former “Big Three” online poker companies—Poker Stars, Full Tilt Poker, and Absolute Poker/Ultimate Bet—in a bid to end online poker in the United States and put key executives of these companies in jail.
By Shari Geller
While the consensus in the poker community is that online poker is more likely to be first legalized on a state-by-state basis, and not federally, the U.S. Senate again held hearings on the topic, reviving the hope that some federal legislation could be in the offing.
The hearing before the Senate Committee on Indian Affairs was the second time the issue of legalizing online poker was raised before this committee, but the first hearing to be held following the U. S. Department of Justice's about-face on the Wire Act. Late last year, the DOJ released an opinion that the Wire Act only applied to sports betting and not other forms of gambling. The question at the hearing was what this all means for Indian tribes who might want to offer online poker.
by Diane McHaffie
The cards you play in heads-up poker are less important than how to play them. That’s right! When playing heads-up or short-handed poker, you’re going to be involved in many more and hands generally considered unprofitable in full-handed games will often be profitably played heads-up.
Position. Imposing cards aren’t necessary to call or raise the big blind heads-up, although position is still important. The common procedure is this: When you’re the small blind you have the dealer position and the big blind has the disadvantage of acting first, with the exception of the first betting round.
by Ashley Adams
Read Part 1, Part 2, and Part 3
In the last three installments of this four-part David J. Valley series I wrote about poker rooms my friend Andrei and I played in during our recent visit to Oklahoma and Kansas. In this, the last article of the series, I’ll tell you about our experiences in Kansas City, Missouri, with a quick story of a poker side trip to Texas thrown in for good measure. Kansas City is worth visiting even without the poker. It has all of the amenities of major American cities including excellent art museums, restaurants, music, architecture, and outdoor activities. The area is best known for great barbeque, fantastic steak houses, and of course the combined Jazz Museum and Negro Leagues Museum. My friend Andrei and I spend half a day touring around these famous sites and eating local cuisine. But we saved the evening and night for poker.
by Barbara Connors
Tripped Up Flops that contain a pair are always tricky to play. Assuming you weren’t fortunate enough to match one of your hole cards with the pair showing in the middle of the table, what do you see when you look at a paired board? Do you see a great opportunity to bluff because you know how unlikely it is that any single opponent holds one of the two matching cards that remains in the deck? Or do you see impending doom, feeling certain that one of your opponents must have flopped trips or a full house, and whatever meager hand you hold cannot possibly still be good?
When the flop comes with a pair, is the poker glass halffull or half-empty? The answer, of course, is “it depends.” Like most everything in poker, the correct way to play a paired board is highly situational. This is true whether you flopped trips or didn’t—but for the sake of this discussion let’s say you didn’t make trips. All things being equal, tripless poker players will typically view a paired board as either a prime bluffing opportunity or a reason to fold. To navigate the path between foolhardy bluffing and imagining monsters under the bed is mainly a matter of thinking things through.
by Tricia Tequida
Look around; low limit tournaments are everywhere. The back of this newspaper lists all the tournaments at most card rooms in the USA and it’s actually rather mind boggling just how many are available [Editors Note: also available online]. They are fun, fast, and furious, most with very few chips, and very fast blind levels. But are they really cheap? If you play just three times a week, two $40 buy-ins and one $60 entry amounts to $7,280 a year. If you cash at least twice a month, maybe it’s not too bad of an ROI. But these tournaments are not easy to win. Because you get so few chips there is no margin for error and luck is a huge factor. Realistically you have the opportunity to play one hand, and if you don’t win your first hand, you may be playing for the balance of your chips on the next hand.
I frequently play these low limit tournaments and what is the appeal?
Well let me tell ya! I recently played a $40 tournament with 157 players, an incredible number for a Monday tournament, but it was a holiday and no one was working. The prize pool was $5,000, a large sum for a daily tournament, and if you make it to the chop you are looking at about $600-$700, which is not bad for three hours work and a $40 investment!
by Tom "TIME" Leonard
The best way to avoid a swing and a miss is to keep your eye on the ball. While that’s good advice when standing in the batter’s box, what about when you’re sitting at the poker table and the flop completely misses you? This occurrence happens all too frequently. To cite one of the oldest laments in history, “If I had a nickel for every time... yadda, yadda, yadda!” I guess we would all be rich if we got paid for every time we missed the flop. So what should we do when this occurs?
I bet you know the answer to that question … it depends! Let’s examine a common situation such as holding a suited A-K in early position. OK, we raised before the flop and collected four passengers on our train ride to victory. Our first problem is we were out of position and our second is an ugly flop of 3-9-10 of mixed suits and our suited Big Slick is the missing suit. You had such high hopes for this great looking hand. What do you do now? Many players automatically make a continuation bet since they were the aggressor before the flop.
By Shari Geller
The seemingly endless process of bringing legal and regulated online poker to the U.S. encountered a significant setback today when the District of Columbia Council voted to repeal the city’s controversial Internet gambling law.
Last year, Internet gambling was added to the city’s existing 2009 lottery contract as a “non-traditional games” option. Internet gambling was subsequently legalized in the district through first-in-the-nation language added to a 2010 spending bill, making DC the first to have a law legalizing online poker on the books.
by Wendeen H. Eolis
50 MILLION DOLLAR QUESTION
JOHN JUANDA AND TOM DWAN MAN UP
REPAYMENT REQUESTS DISSECTED
TAPIE INVESTORS HAVE YET TO PONY UP
Last week Full Tilt Poker and Group Bernard Tapie took their proposed deal to the next level of drama, with a Poker Stars pro known as the Robin Hood of Poker entering from stage right-- as a wild card.
Unlikely protagonists raised and re-raised each other in a frenzy of sensational but substantively incomplete statements to suit their respective purposes of the moment. As a new week gets under way, the big picture is all too clear. Tapie’s proposed acquisition of Full Tilt assets is spinning on a slippery slope.
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