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New Internet Poker Wall of Fame to Induct PokerStars founder Isai Scheinberg

Written on September 1, 2015

We’ve all heard of the Poker Hall of Fame, an organization that’s been enshrining the legacies of the world’s most prolific poker players and contributors to the game since it was created by Benny Binion in 1979. Now, there’s a new ceremonial honoring system called the Internet Poker Wall of Fame, and the #1 desire of its creators is to see the induction of PokerStars founder, Isai Scheinberg. It’s a curious notion really, but one that Terrence Chan and Adam Schwartz, co-founders of the Internet Poker Wall of Fame, are extremely passionate about. Of course, most of you will remember that Isai Scheinberg is still wanted by the US government for his role in the events of Black Friday, but legal matters have nothing to do with induction qualifications. The majority of the online poker community is beholden to Mr. Scheinberg for his contributions to the game; not just online,… Read More »

NJ Resorts Casino has Plans for “Big PokerStars Poker Room”

Written on August 27, 2015

Things are looking way up for Atlantic City’s oldest gambling establishment. A few years ago, it was thought that Resorts Casino would be swept away in the cascading avalanche that saw four other operators go out of business in the last two years. Now turning a profit, managers are overjoyed and awaiting the approval of PokerStars in New Jersey. The very first casino to open its doors in Atlantic City on May 26, 1978, Resorts Casino has struggled in recent years. In 2010, after failing to pay its mortgage for more than a year, the casino was saved from imminent bankruptcy when casino mogul Dennis Gomes and real estate tycoon Morris Bailey teamed up to purchase the property for over $30 million. Gomes revitalized the casino with a complete renovation and new marketing tactics, but profits were not forthcoming. Gomes passed away in 2012, leaving Bailey in charge of a… Read More »

Brian Hasting joins Multi Action Poker Team to support Live Multi-Tabling

Written on August 19, 2015

Most of today’s professional poker players take their career down dual paths; profiting from the live and virtual realm. Live poker events like the WSOP, WPT and EPT offer the largest tournament prizes and esteemed championship titles, while online poker provides a great opportunity to increase the rate of profits via multi-tabling. Multi Action Poker (MAP) brings both worlds together, and that’s something Brian Hastings wants to be a part of. Hastings is considered by many to be one of the best poker players of his generation. A 3x WSOP bracelet winner with over $2.2 million in live tournament cashes under his belt, plus $6.35 million more playing in online poker tournaments and cash games, Hastings knows all about taking advantage of both worlds. It was announced this week that Hastings has agreed to a sponsorship deal with the recently launched MAP Team. Brian joins an already impressive line-up of… Read More »

Twitch Poker: Helmuth launches Poker Brat TV; 2yr extension for Run It UP!

Written on August 14, 2015

Used to be, if you really loved watching the game of poker, you’d need to flip through the sports channels of your cable TV with fingers crossed to find it, maybe on GSN or ESPN2. Now days, all you have to do is log onto any Twitch Poker live stream. Jason Somerville’s ‘Run It UP!’ is a very popular one, and no doubt Phil Hellmuth’s new live stream, ‘Poker Brat TV’ will be too. Hellmuth Launches Poker Brat TV on Twitch Yes, you heard that correctly. The “Poker Brat” Phil Hellmuth is breaching the surface of modern technology with his own Twitch poker live streaming channel, and he’s surely going to attract a mass of viewers in the coming weeks. Watching Phil Hellmuth play poker is akin to watching NASCAR. There are two types of fans – those who watch because they genuinely love auto racing, and those with morbid… Read More »

Are WPN $1-Million GTDs hampering Online Poker Regulation in US?

Written on August 10, 2015

If there’s one thing the Poker Players Alliance has been trying to teach Americans who wish to see online poker regulated in their home states, it’s that their voices matter. And the more voices that speak together, the louder they will be heard. But some industry analysts fear that having access to bountiful tournaments from offshore operators is hampering the progression of internet poker regulation in the US. The most significant example is the $1,000,000 GTD poker tournaments that have occurred on several occasions this year on the Winning Poker Network. WPN is one of the few networks that continue to accept American players from most states, and needless to say, its $1 million guarantees are extremely attractive to players who are starved for such lucrative opportunities. Last week, WPN held one such event, drawing 1,939 players to the virtual felt to compete for the 1st place prize of $200,000.… Read More »

Churchill Downs secures Partner for Future Regulated Online Poker in California

Written on August 5, 2015

All bets are off in California, where the odds of regulating online poker this year are worse than the Phillies winning the 2015 World Series. But that hasn’t stopped Kentucky-based gambling giant Churchill Downs from doubling down on its expectations. The world-famous racetrack owner has secured a partner to operate an online poker network in California, should it ever become legal to do so. The news was first reported by The Courier-Journal on Thursday, which confirmed the partnership between Churchill Downs and Crystal Casino & Hotel and Oceans 11, located in Los Angeles and Oceanside respectively. Headquartered in Louisville, the company already operates an online pari-mutuel betting website that is enormously successful in Kentucky, but it’s no secret they’ve been seeking entrance to other internet gambling markets should a legal opportunity to do so arise, whether by state or federal regulation. The Churchill Downs Internet Gaming division has been working… Read More »

Welcome to the DurrrrChallenge

Who is this man Durrrr ? At just 22 years of age, Tom Dwan has become one of the most respected poker pros in the history of the game. From nosebleed cash games to some of the world's largest live and online poker tournaments, the man they call "durrrr" can be found everywhere. Recently, Dwan issued the Million Dollar Challenge: open to any member of the poker community except Phil "OMGClayAiken" Galfond, the challenge requires opponents to play Dwan in 50,000 hands of $200/$400 or higher on four tables at a time. If either player drops below 75 big blinds in their stack at any point, they must reload. At the conclusion of the Pot Limit Omaha or No Limit Hold'em hands, a winner will be crowned. If Dwan is ahead by $1 or more, his opponent must fork over $500,000. If Dwan's opponent is ahead by $1 or more, the youngster has offered to pay $1.5 million. In each case, the victor will also keep the spoils of the 50,000 hands of play. In addition to the money, the Million Dollar Challenge is about bragging rights.

The Challenge, as you'd expect, generated a considerable amount of buzz even before any poker pros raised their hands to play. However, three of the game's best will face Dwan and receive 3:1 odds on their money: Patrik Antonius, Phil Ivey, and David Benyamine. The latter two are World Series of Poker (WSOP) bracelet holders; in fact, Ivey owns five of them. In 2005, Antonius won the prestigious European Poker Tour (EPT) Baden event. He also finished third in the 2007 WSOP World Championship of Pot Limit Omaha for $311,000. The trio combines for $5.25 million in career WSOP cashes. Ivey and Antonius are both members of Team Full Tilt.

Dwan also has plenty of live tournament experience. He made the televised final table and finished fourth in the World Poker Tour's (WPT) Foxwoods Poker Finals during Season VI for $324,000. He's appeared on NBC's "National Heads-Up Poker Championship" and "Poker After Dark." First up for Dwan is Antonius. Designated Pot Limit Omaha tables have already been set up on Full Tilt Poker to host the spectacle. Keep checking back for up to the minute details on one of the world's most unique Real Money Texas Holdem Challenge.

Myths about Texas Holdem and the Challenge

Myths can be useful. On the surface they provide plausible explanations of why things are the way they are. Beyond that, they keep believers from discovering the truth, allowing those who know better to profit at the expense of others’ naiveté.

In poker, the abundance of myths certainly keeps play interesting. Following are a dozen of the most pervasive ones, many of which encourage inexperienced players to put more in the pot than they should or inhibit potentially good ones from playing at all.

  • Poker is a game of chance . The inventor of this one obviously wanted to entice more novices to stop studying the game, give up calculating odds and put their chips in the hands of fate (with “fate” being a particularly good player). Quite the contrary, scientific research has shown that a player’s talent is the single most important determinant of success. Winning poker is about six parts skill for every one part luck.
  • Good players always win. Don’t tell that to anyone who has ever finished second at a World Series of Poker (WSOP) title event. Even in cash games, the randomness of the cards is still a factor. Although good players succeed more than they fail—perhaps 60% or even 70% of the time—lose they most certainly do, walking away to play another day. That means there is at least an opportunity for lesser players to take them down.
  • Winners must be super aggressive. Hollywood might like that script, and relentless pressure certainly has its place, especially in big money tournaments. But in cash play and limit games, it can actually work against a good player. Most successful professionals, like a Chip Reese or a Dan Harrington, are selectively aggressive. They can turn it on or off and will go full throttle only for short periods of time.
  • Great poker players are born, not made. There might be such a thing as “natural poker talent,” but it is no substitute for experience and learning. Many of the top players today have an aptitude for math; they are good with numbers and quick at making calculations. Others are masters of human psychology. But those are just foundations on which to build their poker prowess. It takes playing in real game situations to develop one’s skills to the point of greatness.
  • Poker is a man’s game. This has to be true, right guys? Just look at the WSOP poker rankings—all men—except for Annie Duke, Kathy Liebert, Jennifer Harman Traniello, Vanessa Selbst, Vanessa Rousso, Annette Obrestad, Joanne Liu, Liv Boeree and ten other women who have earned more than $1 million at the tables, not to mention dozens of other females who now play professionally. Sorry fellas, but it’s time to apologize to the ladies for this myth.
  • Poker is all about reads . Players who can identify poker tells and understand what they mean certainly have an advantage. But if that were the secret to success, nobody would ever be successful online, where opponents are faceless, bodiless and perhaps just poker bots with poor programming. It’s much more important to know how to play your own cards than to focus on mind reading.
  • Bad players ruin the game . That might be true at the Blackjack table, but in poker, bad players are the fish that feed the sharks. Even the ones that consistently overplay hands, raising when they should fold, staying in and catching lucky draws on the River, will eventually feed the chip stacks of the better players at a table. Bad players welcome!
  • Losing bluffs help big hands win. Folks who subscribe to this baloney truly believe that they can’t get opponents to go along with their monster hands unless it appears they might be bluffing. What nonsense! Although getting caught in a bluff isn’t the worst thing that can happen in poker, it should never be a player’s intention. The sole purpose of bluffing is to turn a weak hand into a winner, not to advertise incompetence. Good players win big on big hands regardless of whether they bluffed previously or not.
  • Online poker is fixed . Pardon the double entendre. Online poker is certainly not fixed (rigged) but it has been fixed (corrected) ever since the poker cheating scandals of 2005-07, involving Absolute Poker and UltimateBet. Today’s reputable online poker rooms are secure, monitored by regulators and audited to prevent any types of cheating or scams. If the games were ever found to be unfair, users and the industry would come down on them like a flopped flush on a pocket pair.
  • It’s easier to win online than at live tables. So much depends on who is playing, where and when that no generalization of this sort can be made. In fact, the opposite may be true. Las Vegas poker regulars say a constant flow of tourists makes winning there easier than online, where the same players can be seen day after day. Online multi-tabling also means a single shark can feed on more fish, so in that respect it may be even more difficult to succeed in the virtual version.
  • More bad beats occur online . It sure might seem like this is true, especially to anyone who has played a lot online and off. But it’s mainly a mathematical illusion. Online play is faster, meaning more hands per hour at the table and, hence, more bad beats in total than at real tables, where play is much, much slower. On the other hand, a real contributing factor might be looser play at online tables, leading to more bad breaks.
  • Playing Texas Holdem for money is illegal . Unfortunately, this is true in some places, but not universally so. In Nevada, licensed casinos have poker rooms. In California, legal card clubs abound. New Jersey bans cash games played at home, but allows poker operated by some 12,000 organizations throughout the state. Online poker playing is lawful in most parts of the world, and some web sites welcome players from the U.S. and other countries where it is not. It is up to each individual to be aware of what laws apply, as they vary greatly from one jurisdiction to another.
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