One of the things that drives me crazy is the belief in Hollywood that bittorrent exists solely for stealing things. Mit dem Klemmbrett durch den Sender On August 21, , a federal judge in New York ruled that poker is not gambling under federal law because it is primarily a game of skill, not chance. When you say a 'former child star', you may as well say 'failed child star'. Yeah, the other people in the bar may be afraid of him, but they sure as hell don't respect him. The industry in the Garden State launched in "soft launch" mode on November 21 with a full-scale launch occurring five days later on November 26,
I didn't really adjust, because she played really well. Whether or not that will bring him up further in the Malaysian all-time money list, where he currently sits in fifth place, remains to be seen.
They are buying in for millions and the first prize I win in my tournaments is not even close to a million. This is not a fair competition. That's alright, I just want to play and win. When I stop winning, I stop playing. I started to work a few years to see how much I could earn in a banking job. Unfortunately, in Malaysia, because of the currency, the pay scale is pretty low and in mid I quit my job and started to play; was my first year playing full time. The day started with a bang when Denys Shafikov called the button shove of Orpen Kisacikoglu and tabled pocket aces, only for Kisacikoglu to flop a set with pocket sevens and reduce the field to the official final table.
Luc Greenwood was the next player to fall when he three-bet shoved with pocket fives. Michael Soyza, who had become one of the shorter stacks at that point, reshoved for slightly more with pocket kings and faded the straight draw of Greenwood to jump back above average.
Defending champion Goran Mandic started with the second-shortest stack and was never able to chip up. Ultimately, he moved all in from the button for just over nine big blinds with queen-deuce suited and Kai Lehto called with king-nine. Both players flopped a pair, Lehto turned two pair and Mandic never spiked the miracle trips to bow out in seventh place.
The next two to run out of chips were Liv Boeree and Dario Sammartino , who were eliminated within just five minutes of each other. Boeree check-called three streets against Soyza with king-ten after flopping top pair and check-called all in on the river to see Soyza turn over king-nine suited for flopped two pair.
Sammartino called the button shove of Lehto with ace-king and was not able to hold up against nine-eight suited. Down to the last four, the average was more than 50 big blinds, yet it didn't take long for the action to accelerate. Start-of-the-day chip leader Bahram Chobineh dropped below a million in chips and eventually called the shove of Soyza on a queen-high river with three hearts, holding pocket fours for a bluff catcher.
Soyza had turned the nut straight with jack-ten suited and established a commanding lead three-handed. From there on out, it was almost all about Soyza and his relentless aggression, and both Kisacikoglu and Lehto fell below a million. Eventually, Kisacikoglu jammed king-eight into king-jack suited blind-on-blind with Lehto and departed in third place. Lehto scooped one big pot with pocket kings in heads-up to narrow the gap to a disadvantage, but that was as close as he could get.
Eventually, the Finn three-bet all in for 27 big blinds with pocket deuces and Soyza called with ace-eight suited to flop an ace and river a flush. After being forced off one pot and giving up another on a jack-high flop, Kai Lehto was down to around 1.
Michael Soyza raised to 90, and Lehto moved all in. The Malaysian called and the cards were turned over. Kai Lehto Michael Soyza. A raise to 90, by Michael Soyza was called by Kai Lehto and the flop brought a check by the Finn, a bet of 70, by Soyza and a call. Both elected to check the on the turn and Lehto bet the river for , Soyza raised to , and Lehto let his shot clock run down to two seconds before calling.
Soyza rolled over for a full house and scooped a decent pot to pull further away once more. He went on to win the main event, causing shock in the poker world, and beginning the poker boom.
The World Series featured three times as many players as in At least four players in the WSOP final table won their entry through an online cardroom. In October , Sportingbet , at the time the world's largest publicly traded online gaming company SBT. L , announced the acquisition of ParadisePoker. Since then, several other card room parent companies have gone public. In early , PartyGaming moved to acquire EmpirePoker.
Later in the year, bwin , an Austrian-based online gambling company, acquired PokerRoom. Other poker rooms such as PokerStars that were rumored to be exploring initial public offerings have postponed them. As of March , there are fewer than forty stand-alone cardrooms and poker networks with detectable levels of traffic.
There are however more than independent doorways or 'skins' into the group of network sites. As of February , there are approximately online poker websites. The year is known as the infamous year of Black Friday, when the U. From a legal perspective, online poker may differ in some ways from online casino gambling. However, many of the same issues do apply. For a discussion of the legality of online gambling in general, see online gambling.
Online poker is legal and regulated in many countries including several nations in and around the Caribbean Sea , and most notably the United Kingdom. In the United States, the North Dakota House of Representatives passed a bill in February to legalize and regulate online poker and online poker card room operators in the state. The legislation required that online poker operations would have to physically locate their entire operations in the state. The measure, however, was defeated by the State Senate in March after the U.
Department of Justice sent a letter to North Dakota attorney general Wayne Stenehjem stating that online gaming "may" be illegal, and that the pending legislation "might" violate the federal Wire Act.
However, many legal experts dispute the DOJ's claim. In response to this and other claims by the DOJ regarding the legality of online poker, many of the major online poker sites stopped advertising their "dot-com" sites in American media.
Instead, they created "dot-net" sites that are virtually identical but offer no real money wagering. The sites advertise as poker schools or ways to learn the game for free, and feature words to the effect of "this is not a gambling website. According to the UIGEA, "unlawful internet gambling" means to place, receive, or otherwise knowingly transmit a bet or wager by means of the internet where such bet is unlawful under any law in the State in which the bet is initiated, received, or otherwise made.
As a result of the bill, several large publicly traded poker gaming sites such as PartyPoker , PacificPoker and bwin closed down their US facing operations. Part of the PPA's mission is to protect and to advocate for the right of poker players to play online. D'Amato's responsibilities include Congressional lobbying.
In April , the PPA claimed over 1,, members. Other grassroots organizations, including the Safe and Secure Internet Gambling Initiative , have formed in opposition to UIGEA, to promote the freedom of individuals to gamble online with the proper safeguards to protect consumers and ensure the integrity of financial transactions.
The move blocks regulations to implement the legislation which requires the financial services sector to comply with ambiguous and burdensome rules in an attempt to prevent unlawful Internet gambling transactions. The bill would legalize and regulate online poker in the United States. In September , the Washington State Supreme Court upheld a law making playing poker online a felony.
On April 15, , in U. A grand jury charged 11 defendants, including the founders of the poker sites, with bank fraud, money laundering, and violating gambling laws.
The prosecutors claim the individuals tricked or influenced U. He asserts that, "Online poker is not a crime and should not be treated as such. On September 20, , in response to guidance requested by the states of Illinois and New York regarding the sale of lottery tickets online, the Department of Justice issued a memorandum opinion stating that the Wire Act does not prohibit lottery sales over the internet because it deals solely with wagering on sporting contests.
While this opinion does not address online poker specifically, the reasoning employed interprets the Wire Act in such a way that its provisions don't apply to the game of poker.
On August 21, , a federal judge in New York ruled that poker is not gambling under federal law because it is primarily a game of skill, not chance. The ruling resulted in the dismissal of a federal criminal indictment against a man convicted of conspiring to operate an illegal underground poker club.
The judge relied in his decision largely on findings by a defense expert who analyzed Internet poker games. On April 30, , Nevada became the first U.
In late October, Delaware launched its regulated online gambling market. Controlled by the Delaware Lottery, the state offers online casino games in addition to online poker. On November 21, , New Jersey became the third - and the largest state population-wise - to offer legal real money online gambling to residents and visitors. The industry in the Garden State launched in "soft launch" mode on November 21 with a full-scale launch occurring five days later on November 26, On February 25, , Nevada Governor Brian Sandoval and Delaware Governor Jack Markell signed the first interstate poker compact, an agreement that will allow online poker players from Nevada to play for real money against players located in Delaware.
The compact is limited to online poker only, as that is the only game currently permitted under Nevada law. Should more states enter into the agreement, something that is provided for under the terms of the compact, more games could be offered. Following an agreement between Nevada, Delaware, and New Jersey governments to allow player pooling between all three states, a 3-state online poker compact went live on May 1, Typically, online poker rooms generate the bulk of their revenue via four methods.
First, there is the rake. Similar to the vig paid to a bookie , the rake is a fee paid to the house for hosting the game. Rake is collected from most real money ring game pots. The rake is normally calculated as a percentage of the pot based on a sliding scale and capped at some maximum fee. Each online poker room determines its own rake structure. Since the expenses for running an online poker table are smaller than those for running a live poker table, rake in most online poker rooms is much smaller than its brick and mortar counterpart.
Second, hands played in pre-scheduled multi-table and impromptu sit-and-go tournaments are not raked, but rather an entry fee around five to ten percent of the tournament buy-in is added to the entry cost of the tournament. These two are usually specified in the tournament details as, e. Unlike real casino tournaments, online tournaments do not deduct dealer tips and other expenses from the prize pool. Third, some online poker sites also offer side games like blackjack , roulettes , or side bets on poker hands where the player plays against "the house" for real money.
Some sites go as far as getting affiliated with online casinos , or even integrating them into the poker room software. Fourth, like almost all institutions that hold money, online poker sites invest the money that players deposit. Regulations in most jurisdictions exist in an effort to limit the sort of risks sites can take with their clients' money. However, since the sites do not have to pay interest on players' bankrolls even low-risk investments can be a significant source of revenue. Many critics question whether the operators of such games - especially those located in jurisdictions separate from most of their players - might be engaging in fraud themselves.
Internet discussion forums are rife with allegations of non-random card dealing, possibly to favour house-employed players or " bots " poker-playing software disguised as a human opponent , or to give multiple players good hands thus increasing the bets and the rake, or simply to prevent new players from losing so quickly that they become discouraged.
However, despite anecdotal evidence to support such claims, others argue that the rake is sufficiently large that such abuses would be unnecessary and foolish. Attempts at manipulative dealing could face a risk of third party detection due to increasingly sophisticated tracking software that could be used to detect any number of unusual patterns, though such analyses are not generally available in the public domain.
Many players claim to see lots of "bad beats" with large hands pitted against others all too often at a rate that seems to be a lot more common than in live games. However, this could be caused by the higher hands per hour at on-line cardrooms. Since online players get to see more hands, their likelihood of seeing more improbable bad beats or randomly large pots is similarly increased.
Many online poker sites are certified by major auditing firms like PricewaterhouseCoopers to review the fairness of the random number generator , shuffle , and payouts for some sites. Insider cheating can occur when a person with trusted access to the system e. This could be done without the knowledge of the site managers. Perhaps the first known major case came to light in October , when Absolute Poker acknowledged that its integrity had been breached by an employee, who had been able to play at high stakes while viewing his opponents' hidden "hole" cards.
In , UltimateBet became embroiled in a similar scandal, with former employees accused of using a software backdoor to see opponents' cards. UltimateBet confirmed the allegations on May More mundane cheating involves collusion between players, or the use of multiple accounts by a single player.
Collusion is not limited to online play but can occur in any poker game with three or more players. Most poker rooms claim to actively scan for such activity. For example, in , PokerStars disqualified TheV0id , the winner of the main event of the World Championship of Online Poker for breaching their terms of service.
One obvious difference is that players do not sit right across from each other, removing any ability to observe others' reactions and body language. Since poker is a game that requires adaptability, successful online players learn to master the new frontiers of their surroundings. Another less obvious difference is the rate of play.
In brick and mortar casinos the dealer has to collect the cards, shuffle, and deal them after every hand. Due to this and other delays common in offline casinos, the average rate of play is around thirty hands per hour. However, online casinos do not have these delays. The dealing and shuffling are instantaneous, there are no delays relating to counting chips for a split pot , and on average the play is faster due to "auto-action" buttons where the player selects his action before his turn.
It is not uncommon for an online poker table to average ninety to one hundred hands per hour. There are many ways in which online poker is considerably cheaper to play than conventional poker. While the rake structures of online poker sites might not differ fundamentally from those in brick and mortar operations, most of the other incidental expenses that are entailed by playing poker in a live room do not exist in online poker.
An online poker player can play at home and thus incur no transportation costs to get to and from the poker room. Provided the player already has a somewhat modern computer and an Internet connection, there are no further up-front equipment costs to get started.
There are also considerable incidental expenses once on a live poker table.