The Nightly Turbo is bringing you the day’s top poker news stories all in one place. Tonight you can find an update on the World Poker Tour London, news on the newest stop on the World Series of Poker Circuit, and more.
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It’s not always all poker here at PokerNews HQ. Inside Gaming brings you all the goings on in the gaming industry every week. Read on to find out about the WPT’s new TV deal, and more.
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09 3rd, 2010
On today’s Daily Deal, the coalition of California casinos clarifies its stance on internet gambling legislation, reports its financial results for the first half of two-thousand ten, the Main Event continues airing on ESPN and we find out who the final nominees are for this year’s Hall of Fame. It’s all ahead… faster than you can say, “I can dodge bullets, baby.”
Hello, I’m Sean Gibson and welcome to the Daily Deal by Poker News Daily.
Recently, the Commerce Casino, Bicycle Casino, Hawaiian Gardens, Hollywood Park, and the California Gaming Association joined in opposition Congressman Barney Frank’s HR 2267, which would create a full licensing and regulatory framework for the internet gambling industry in the United States.
The four casinos have found themselves in a war of words against the , which has launched an online petition at PlayersBeforeProfits.com to reverse their stance against the groundbreaking legislation. Poker News Daily sat down with card room coalition spokesperson Waltona Manion to explore the coalition’s resistance.
Manion argued,
“We’re looking for Federal enforcement of the same strict licensing and regulation for online poker as U.S. land-based casinos abide by. This means that they have to license all of their employees and the physical operations should be in the U.S. In addition, the hardware and software should be tested and certified.”
She added, “Frank’s bill provides fewer industry regulations and player protections. It imposes lower taxes for foreign online companies than what U.S. casinos pay. It would enable illegal offshore companies to export significant money from our economy.”
We’ll keep you posted as this story develops.
888 Holdings, the gaming operator that owns 888 Poker, announced Tuesday that it will be cutting costs in order to address a loss in profits for the first half of 2010. The company has also decided to scrap its dividend in order to pay for acquisitions after the weak economy and World Cup caused a decline in poker revenue.
888’s first half financial results showed revenues were up 10.5% to one-hundred thirty million dollars, but pre-tax profit dropped by 56% to four point three million dollars. Poker revenue dropped 25% to nineteen point six million.
The Main Event continued airing on ESPN on Tuesday night with Day Two-B. Two one-hour episodes were devoted to the second Day Two and the feature table included and Jeff Shulman, who were seated next to each other. and Allied Network Solutions CEO Ted Bort tangled in a hand in which Bort called the clock after pushing all in. Friedman waited until the count reached one and quietly said, “I call,” but floor officials ruled that the clock had expired. Bort turned over top two pair and Friedman mucked.
A maelstrom of yelling ensued. ESPN aired a replay clearly showing that Friedman had called at the one-second mark and the dealer promptly said, “He called.” Nevertheless, another floor supervisor was summoned who also said the hand was dead. Don’t forget that Friedman was also involved in “Ante-gate” with .
Finally, the nominees as voted by the fans are in for the Poker Hall of Fame. This year’s class is a who’s who of the poker world, all of whom have distinguished careers warranting their nominations. This year’s class of nominees, who will be voted on by the 16 living Hall of Fame members and a 17-person media panel. Only these 33 individuals cast votes for induction. The nominees are:
1.
2.
3. -TRANIELLO
4. DAN HARRINGTON
5.
6.
7. TOM McEVOY
8.
9.
10.
Well, that does it for today’s edition of The Daily Deal, and we’ll be back with you on Tuesday of next week. Be sure to visit Poker News Daily every day for the latest poker headlines, and be sure to check us out at twitter dot com slash poker news daily. I’m Sean Gibson, thanks for tuning in, and we’ll see you next time. Now go crush those fish at the tables!
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The Nightly Turbo is bringing you the day’s top poker news stories all in one place. Tonight you can find an update on the World Poker Tour London, Barney Frank’s appearance on the Tonight Show, and more.
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09 2nd, 2010
He travels around the world trying all sorts of foods that most of us would scoff at, but when he’s home, Andrew Zimmern just likes to kick back and play cards with his buddies.
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09 2nd, 2010
Let’s pretend you’re a brand new poker player. Maybe you’re in Las Vegas for a buddy’s bachelor party, you’ve seen some poker on TV, and although you’re saving a little for the strip clubs, you’ve still got an extra $500 for “discretionary expenses” in your pocket. So, you sit down at the smallest game spread at the Venetian, fumble a big blind onto the felt, and play your very first hand of big-kid poker.
In this scenario, what would you say might be the very worst thing that could possibly happen to you? You get stacked? You get cheated? You get into a drunken brawl with a guy nicknamed “Fancy Fists”?
What if I told you the very worst thing that could possibly happen to you that night is that you win? And win big?
It seems counterintuitive, but there’s a very good reason why it might be dangerous for a budding poker player to have a wildly successful first session: the Primacy Effect. The Primacy Effect is a cognitive bias – a psychological tendency for us to draw incorrect conclusions based on the ways our brains are wired rather than on the objective evidence.
This particular bias is the tendency for the first items presented in a series to be remembered better or more easily, and for them to be more influential than those presented later in a series. For instance, if someone rattles off a long distance phone number, you’re most likely to remember the first few digits. Job applicants seen early in the hiring process are often given higher marks than those in the middle, and all applicants are best remembered by their “first impressions.”
Opening scenes are critical to the success or failure of a movie or book. And you probably have strong memories of and a special fondness for your first girlfriend or boyfriend. Thanks to the Primacy Effect, anything that comes first in a series serves as a powerful anchor in our memories, indelibly etched and coloring our perceptions of everything that comes after.
There’s even evidence now that the Primacy Effect has considerable power over the results on “American Idol”-style shows that rely on votes from the at-home audience. Over and over again, the contestants who appear first (and last, thanks to a different bias, the Recency Effect) get more votes than those appearing in the middle of the program.
Fans of these shows have occasionally voiced concern over potential voter fraud or judging biases, but if research on the Primacy Effect is correct, then results could actually be rigged in an even more diabolical way. All the producers would have to do to make sure their favorites are well-received by the voting audience is put them first or last in the evening’s lineup.
And isn’t a poker career just a long series of individual sessions? If we have this tendency to be overly influenced by the first item in a series, isn’t it possible that our entire perception of the game of poker could be distorted by what happens in the first few sessions?
The first time you played poker, you sucked. We all did. But thanks to the element of chance built into the game, there’s a very real possibility that you won in spite of your suckitude. And if you won big, the Primacy Effect will make sure that you remember that session and let it influence your perception of the game for a long time to come.
You’re likely to believe that the game is easier than it really is, and that it requires less work than it really does, and that you’re naturally more talented than you really are. The Primacy Effect will cause you to weigh the results of that first session more heavily than subsequent sessions, so even if you go on a long losing streak, you’ll constantly be comparing your results with that first success.
“How can I lose ten sessions in a row if I destroyed the game the first time I played? I’m a great player with natural talent. I must just be getting unlucky!” And you may find it more difficult to accept the brutal realities of poker: the game is hard and to master it, you must put in a lot of time and effort. What a glorious world it would be for the professional player if everyone won big the first time they played! The experience would likely stunt the growth of their abilities and yet get them hooked on the game itself – a recipe for long-term donations.
What about the players who lose their shirts the first time they play? They’re probably more likely to believe the game is more difficult than it really is – perhaps even unbeatable. For many people, a big initial losing session is enough to make them quit forever. But ironically, these players might be better situated for long-term success since they’ll likely have a better grasp of the amount of work necessary to master the game’s strategies.
There’s another way that the Primacy Effect skews our thinking on a daily basis. After all, isn’t each individual session a series of hands? So, by the same token, the results of your first big pot might influence your perception of the entire evening. Personally, I have an irrational tendency to get into a very negative and self-destructive mindset if I lose a big pot early in a session.
And how often have you heard players say, “I can tell it’s going to be a great night” after raking a massive pot soon after sitting down? Even though each hand is an independent, random event, psychologically speaking, we’re susceptible to letting our first impressions affect us long after the first hand has hit the muck.
Whether you won or lost in your rookie season, be aware that your perception of the game has likely been distorted by your initial experiences on the felt.
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09 2nd, 2010
We’ve compiled a list of the top ten most overused (and possibly annoying) poker terms. Find out if some of your favorites made the list.
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09 2nd, 2010
On Tuesday, Congressman Barney Frank (D-MA) appeared on “The Tonight Show with Jay Leno.” Seated onstage alongside reality television icon Kim Kardashian, Frank discussed, among other topics, the recent success of HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, in Committee. A lively debate with Leno ensued. .
The portion of Frank and Leno’s debate focusing on online poker and internet gambling spanned about four minutes. Frank opened the conversation by asserting, “If you have some guy who wants to play poker on the internet, we say it’s illegal… We could make billions of dollars a year by making it legal and taxing it.” The Federal Government could stand to rake in up to $42 billion over a 10-year period by legalizing and regulating the internet gambling industry in the United States.
Not everyone was onboard with Frank’s plan, including Leno, who argued, “Vegas works because you have to go to the desert to get there. You lose your money and you come home. You can’t go to the desert again until you get more money. If you’re sitting at home and you’re up late at night and you got your little credit card, next thing you know, it’s like a mini bar.”
Leno began saying something about potato chips, but Frank cut him off by noting that there are casinos everywhere in the country, not just Las Vegas. No desert surrounds Tunica and Atlantic City, for example. In addition, HR 2267 only allows for debit card and prepaid card payments.
Leno then reminded Frank that residents of many states were sold the lottery because all of the money that would go toward schools. Now, educational institutions across the country are struggling despite the influx of cash. Frank explained, “The problems that teachers and others face in schools can’t always be solved by money… The fact that someone oversells an idea doesn’t make it a bad idea, it makes them a bad salesman.”
Frank continued by arguing, “If you want to hit somebody or you want to burn somebody’s house or steal somebody’s car, then I want to stop you because you’re doing it to somebody else. If you want to be foolish with your own money, if you want to gamble, if you want to drink, if you want to smoke, I will tell you it’s a bad idea, but I think it’s a mistake for the government to try to stop you.” Frank has routinely argued that adults should be able to do what they want within the privacy of their own home.
The conversation then quickly digressed from internet gambling, with Leno explaining that smoking marijuana is essentially legal because everyone does it. If you’re caught, it’s only a small slap on the wrist. Frank responded, “I don’t want to say to the cops, ‘We say it’s illegal, but wink at it and go after this one.’ There’s also an element of racial discrimination in the way it’s enforced.”
One amendment to HR 2267 outlawed advertising internet gambling sites to children. The topic of kids not being exposed to internet gambling came up on “The Tonight Show,” with Frank claiming, “I do agree you can limit this to kids and in fact we’ve done that. Joe Camel has disappeared. As a general rule, the government shouldn’t be trying to live people’s lives for them. You protect people from other people hurting them.”
Congress is currently on recess until September 13th. Its target adjournment is October 8th in advance of the general elections in the United States, meaning that the legislative body will have just 20 days to tackle the internet gambling issue before elections. In all likelihood, a “Lame Duck” session will occur as well. Stay tuned to Poker News Daily for the latest headlines from Capitol Hill.
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With the upcoming PokerStars WCOOP just around the corner, we take a look at WCOOPs past and how some of your favorite players did.
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The International Poker Players Association (IPPA) will present a championship event later this year with the biggest buy-in the world has ever seen. The Monte Carlo IPPA Championship, scheduled for Nov. 29-Dec. 2, will be a $250,000 buy-in No Limit Hold-em Shootout featuring a prize pool of $12 million, with the winner taking home $5 million. Players participating in the televised event will be referred to as the “Elite 48″.
“This is the player’s championship, the pièce de résistance,” said IPPA President and CEO Yosh Nakano.
Thirteen of the biggest names in poker have already registered for the highly anticipated event: , Freddy Deeb, Tony G, Bruno Fitoussi, , , , , John Hennigan, , , , and 2010 November Niner Micheal Mizrachi. The field is also expected to consist of three sponsor’s exemptions and two qualifiers, including one from Los Angeles’ Bicycle Casino.
Players will have the opportunity to qualify for the high-roller event in a new satellite format called the Equity Rebuy Shootout. The first round of the shootout is played 10-handed, with the winners getting their $1,000 buy-in back and moving on to the second round. Players that busted out then have the option to rebuy for the value of a second-round seat.
“For as little as $1,000 — less if you win a satellite — a player can play in a qualifier and have an opportunity to win the $5 million first-place prize at the Monte Carlo IPPA Championship,” said Nakano, who worked several years as the poker manager at the Bicycle Casino.
The inaugural $250,000 IPPA Championship was supposed to take place last year but ended up being canceled. The 2009 version featured H.O.R.S.E. and two rounds of No Limit Hold’ em but, in order to gain more interest from players and television viewers, this year’s tournament will be No Limit Hold’ em only.
According to Nanoko, the goal is to create a tournament with a deep structure that will allow the cream to rise to the top. “We wanted to produce a high-end poker tournament that offered a big buy-in event with quality play. We felt that we could do a good job at putting an event together that would provide the best all-around player in the world.”
Should the event happen this year, it will be the largest buy-in poker tournament by a long shot. The current leader took place in January 2010 at the Aussie Millions $100,000 challenge, where 24 players participated to create a prize pool of $2.4 million. Dan Shak bested Phil Ivey heads up to win a prize of $1.2 million. Ivey took home $600,000, while Billy Jordanou ($300,000), Tony Bloom ($200,000) and Tony G ($100,000) also cashed.
Stay tuned to Poker News Daily for further news on the Monte Carlo IPPA Championship.
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