Monthly Archives: May 2008

Chinese Player Won the WPT

David Chiu, the Chinese poker player, won the WPT Championship on Saturday night. He has become $3,389,140 richer.

Chiu managed to overcome the near six-to-one deficit in the game against Gus Hansen who had previously knocked out Jeff King, Tommy Le, Cory Caroll and John Roveto single-handedly.

Chiu admitted that he played even better than he had expected. Thanks to the victory, Chiu enters Card Player’s player of the year rankings in fourth position on 2,880 points, while Hansen and Roveto move up to joint-12th and 15th respectively.

SportingBet’s Loss and Greek Player’s Winning

Greek player “K Vasileiadis” hit the jackpot playing Super Seven progressive slot online at Paradise Casino belonging to the UK-based online gambling group SportingBet. The winning is reported to be largest one in the history of the operator and it amounts to $1.47 million.

On May 9 the winner is supposed to go to London to receive the winning at SportingBet’s office.

Despite the loss SportingBet is experiencing, the company is happy to demonstrate its capability of delivering rewards “to players with recent upgrades to its product groups turning it into an award-winning gaming destination”.

SportingBet stated that it has more than four million registered players. The company will be happy if it provides all of them with the ultimate gaming experience.

Thinking Long&Short Term in Texas Holdem

Reaching success in the long term in texas holdem is not that much difficult, if you perceive the game as a durable as if lasting for a life time trip. This trip will lead you to your main target – the money, but only in that case when you’ll be able to look at each stage as one of the steps towards your final destination.

In your texas holdem trip you are likely to find yourself in poor situation rather often and for some days, weeks or even months, but as long as you win in the long run, you are “beating texas holdem.”

The difference between experienced texas holdem players and beginners is that the latter ones have tendency to look at one hand or one session and make absurd conclusions from it. This is one of the mistakes that affect their play the most.

Playing texas holdem you should continuously ask yourself whether your play is profitable in the long run. So, don’t get stuck on your actual outcome, just look at it objectively.

Always keep in mind a golden rule of expected value – only making bets that show a positive expectation.
Searching for the best moves (with the highest expectation) at any give moment is that what you should always try to do as online texas holdem player. Such strategy provides you with great results in the long term.

Sometimes even this wonderful tactics may not work, as you know there is pretty much luck involved in texas holdem. Having made the best move, you still may lose. However, persistence and consistency will help you to overcome bad plays.

In conclusion, once again forget about the short term and mobilize all your mind forces on making the best decision at any given time. Your efforts will be rewarded in the long run.

The Italian Economy Ministry Gets the EC Response

The EC has finally responded to the Italian Economy Ministry’s submission of the draft online gambling law. Disapproval or doubts have been expressed regarding three key areas: the cost of license, the requirement for operators to connect their systems to the government central database, and the requirement for operators to have reached a certain level of betting turnover in the past to be eligible to request a license.

The cost of entry totals to €300,000 and it is criticized for being unrelated to the actual cost of providing authorization.

The requirement for operators to connect their systems to the government central database is also criticized for the fact that the technical systems are non-standard and the required development is really expensive. The Commission asks the Italian authorities to “allow the use of alternative systems that are less onerous but still allow for an efficient and adequate control on the part of the State Monopoly” and avoid the present system’s “excessive complexity”.

What concerns the third point the EU wants no limits on the number of operators allowed to request on-line licenses in the territory.

In Commission’s opinion, the authorities must ensure that operator’s website won’t be blocked by Italian ISPs once a company has received the license.

Another Increase at Titan Poker

Titan Poker is a fast developing and growing internet gambling company. Their gamblers have found more money in their pockets thanks to another increase at the site.

Constant offers of unique promotions and incentives cannot but attract both newly registered and established online casinos poker gamblers from all over the world.

Online casinos poker gamblers can now win a guaranteed $16 million each month when gambling at the site. It means that the guaranteed prize pool is raising $4 million each month from the $12 million the site has been guaranteeing in the past two months.

Using Playtech’s online casinos poker gambling platform, one of the top ones available in the industry, the Titan Poker also benefits from it.

Vanessa Rousso Expecting Big Things

Being 25 years old, lots of people wear ripped jeans, listen to music they like and prefer extreme kinds of sports, but very few can boast of more than $1.6 million in career earnings. Vanessa Rousso is 25, but she is the one who can. She is a professional poker player. Her earnings have already placed her in the top 25 all-time for prize money won by women.

Her career goals were different from what she is now. Having graduated from High School at the top of her class, Vanessa went to Duke on a full scholarship. Having graduated in just 2 ½ years with an economic degree, she went to the University of Miami Law School.

During her first year of law school, Rousso began to compete in tournaments. In 2005, she finished seventh in the WSOP Tournament Circuit event at Harrah’s in New Orleans. But the tournament that put Vanessa on the map was the 2006 WPT Five-Star World Poker Classic. Before that she had earned $40,000 as poker player. In the months leading up to the event she started asking friends and her family to buy “shares” in her, as she attempted to get money for the buy-in. As a result ten people decided to invest their money. And Vanessa did not let them down. The investors made their money back ten-fold, as Rousso earned $250,000 with her seventh place finish in a field of more than 500 players. During that event she got her nickname “Lady Maverick”.

That was the time when PokerStars came to Rousso regarding sponsorship. And then the idea of playing poker for living came to her mind.

Being a Law School graduate, Vanessa had already made close to $1 million playing poker. That was the time to turn from a part-time pro into a full-time professional poker player. That was the time of making career decisions. And she chose poker.

She’s been traveling a lot all her life. Being born in New York, she spent the first ten years living in France.

She’s moved more than 20 times. All her life has been and is on the go. E.g., next week she’ll be in Brazil for the inaugural event of the Latin American Poker Tour, and after that she’ll go to Vegas for three-week break before the start of the WSOP.

By the way, Rousso first learned to play poker at the age of 5. When at Duke, she took a class in game theory which helped her interest in the game soar to a whole new level.

Vanessa receives lots of support from her family and her fiancé. She appreciates it.

During the break before her third WSOP she’ll take advantage of the time off and keep her mind and body fresh by limiting the amount of poker she plays.

“I’m playing as well as I ever have,” she says. “Everything is really coming together for me. I know what to expect, now it’s just a matter of executing and getting the right cards. If I do that, I’m expecting big things.”

Escape the Gambling Addiction

More and more people become dependant on gambling. What attracts them is hope and even the minimal chance to win big money. Potentially, everyone is a winner, but in reality very few hit huge money. So, there are always those who have lost everything, those who hardly understand that winning is fully up to chance, though there are games with a skill based element to them like poker.

But slot machines and other fully chance-based gambling games present a bigger problem. Thus, slot machines by paying out small winnings to the players keep them at the game and at the same time give hope that the next win will be definitely big. Players should take into consideration that it does not matter how long a player sits at a slot machine. The chance to hit the jackpot every time they spin the wheel is the same.

When gambling, one should also remember hereditary tendencies toward addiction and some psychological factors.

Betsson has Partnered with Playtech

Clients of the Betsson internet gambling company will soon be able to enjoy a new online casino gambling site powered by Playtech. Thanks to that partnership a full suite of online casino games will be offered for the company’s player base.

Betsson is a widespread and very popular internet gambling company in Europe. It offers responsible gambling practices and, what is acute nowadays; it funds problem gambling research studies.

The CEO at Betsson, Thomas Kalita, commented on the new deal with Playtech, “We are pleased to add yet another quality product to our broad offering. Playtech’s proven track record as a software supplier, supported by its wide range of languages is of great value to Betsson, especially when expanding into new territories.”

Will Hill after the Large Payout

The win at last week’s Grand National horse race turned out to be unexpected even for such a well established bookmaker in the UK – Will Hill. It’s been announced that the company has been set back GBP 7 million in funds.

Very few in the land and online casinos betting industry could anticipate that Comply or Die would win the horse race. As a result, Will Hill had to pay out more than it was expected.

Fortunately, the company could afford this pay out and there is no real concern that the company will show any long-term negative effects based on the large payout.

Ayre Prefers Playboy Lifestyle to his Company

Ayre, the founder of Bodog, is going to retire.

The company was founded in 1994. They started from a small site offering entertainment and gradually turned into a great casino with a range casino games and sports betting and music business.

Having taken the reduced role of running the poker room, Ayre has sold the company to the Morris Mohawk Gaming Group, based in Montreal, Canada. The plans to expand in South American gambling market won’t be changed.