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Archive for category PokerGhetto News
Annie’s all fired up for poker
Posted by admin in PokerGhetto News on September 3, 2009
Famous in her own right for being one of the top female poker pros in the world, sister of Howard Lederer, Annie Duke has found her celebrity status temporarily augmented due to her recent appearance on American reality TV show, ‘Celebrity Apprentice’. Hosted by Donald Trump, the show is designed to find the candidate with the most business acumen worthy of a top role in cutting edge commerce. Despite coming second to Joan Rivers and earning herself a bit of a reputation as a backstabber, Annie was noted for applying her poker playing skills to the boardroom in a calculated, strategic manner.
From bets to boardrooms
In her interview with USA TODAY, Duke made a number of parallels between the approach required to be successful at poker and that essential for business. It’s no surprise to find a lot of overlap.
Here are some key similarities:
1. Reading people. In the same way as it is essential to know your opponents at the felt, it is crucial to do the same thing in business if you want to succeed. Knowing their tells, how they perceive you and so on directly affects how you make your next bet or action in business. You can only effectively manipulate someone if you know how to push their buttons. The social skills required in forcing a raise out of a player are the same in getting someone to do something for you, control a situation or force a wrong move at the boardroom table.
2. Financial acumen. Poker players are very good at measuring risk and assessing return on investment. A key talent to possess when it comes to business.
3. Get a thick skin. The abuse that can occur at the poker table could reduce a man to tears, or at the very least induce tilt. Business gets pretty nasty too. When you have a lot of people out for themselves, it is fairly naive to think you’re all friends. Letting negative comments bounce off you and not beating yourself up if you are wrong is a positive trait that transcends any kind of table, whether that’s boardroom, poker or kitchen table.
4. Bluffing. While bluffing can work well in poker, Duke points out in her interview that it only works because you have to be right more often then you are wrong and not get found out in the latter in the business context. Constant bluffing will only expose you as being untrustworthy, unreliable or a fraud.
5. Use underestimations. People in jobs around the world moan at being underestimated. Duke relates this to her experience at the poker table saying that people often think she will not be a very skilled player because she is a woman. In fact, she reckons she’s earned a hell of a lot of money from this misjudgement. Duke flies the female flag saying women in business shouldn’t moan about being underestimated but use it to their advantage.
Poker and business do appear to have a lot of similarities. Following the poker boom, Duke’s stint as an apprentice has probably served to lend more credence to the genuine skill involved in the game. Poker players combine a classic mix of business strengths, they tend to be confident, strategic, empathic, perceptive, mathematical, calculated, manipulative, the list goes on. A very different description to the down and out casino bum a poker player was once made out to be. Perhaps having ‘poker player’ on your CV may not be such a bad thing after all.
Read the full USA TODAY interview with Annie Duke at http://www.usatoday.com/money/companies/management/advice/2009-07-19-annie-duke-advice-from-the-top_N.htm
Promote poker with the PPA
Posted by admin in PokerGhetto News on September 3, 2009
The Poker Players Alliance (PPA) is a not-for-profit organisation made up of over 1 million American poker players and enthusiasts alike who want to see poker made available to all. The hope is that in one united voice they can bring about change and ensure the integrity of the game of poker.
National Poker Week is organised by the Poker Players Alliance and runs from the 19th to 25th of July with the aim of rallying President Obama and his constituency into change regarding the regulation and licensing of online poker in the U.S .
Poker Petition
This year’s Poker Week falls just after hearings on legislation that were introduced by Congressman Barney Frank to regulate and license online gambling, were delayed from July to September. The PPA is calling for 500,000 signatures on a petition that calls for just such licensing believing that as free Americans everyone should have the right and choice to play online poker. At time of writing they have got nearly 400,000 signatures but obviously have more work to do to reach the 500k mark. A rally takes place in Washington this week supported by many high profile pro players. PokerStars are even crediting people who have signed the petition with a special PPA Freeroll ticket that can be used in one of their Saturday Freerolls.
The Poker Problem
It is estimated that over 10 million people play poker in America. The poker industry as a whole has been hit since the Unlawful Internet Gambling Enforcement Act (UIGEA) was initiated and millions have been seized from online payment processors, which largely consists of player’s winnings, deposits and payments. For example, San Diego based firm Account Services Corporation who was servicing U.S players had $14 million seized by the U.S Department of Justice. That was a fraction of the $40m that was seized overall in this particular targeting. Account Services are contesting the seizure and have filed a motion for the return of the funds on the basis that they were unlawfully taken. In the meantime, the poker companies whose players have lost their earnings are footing the bill until an outcome has been served. All bad for poker and obvious to see why so many rooms will no longer accept U.S players.
The work of the PPA continues. Especially as a survey by Betfair, the online sports betting company, recently suggested that only 42% of US players were even aware of the seizures. As knowledge increases so will the collective voice. You can show your support by visiting ‘theppa.org’.
Poker’s euro profile raises
Posted by admin in PokerGhetto News on September 3, 2009
The UK and Italy are now the leading markets in legalised online gambling. The illegal status of online gambling in the US and the freezing of accounts used to make payments for online poker operators servicing U.S. players from overseas, means the potential gaming superpower of America cannot get in on the action to make its global presence felt.
Italy and UK lead the way
Italian gaming regulatory body, AAMS released figures relating to the value of the Italian market bets between January and June of 2009. The figures showed that the value of on and offline bets had risen 10.8% from the same period in the previous year. IGaming News reported that online gaming spend in Italy reached 850 million Euros in the first quarter of 2009 and that while it is poker that initially attracts new players, there has been an increase across all online gaming products as players migrate to other games.
In the UK, online gaming is joining forces with traditional media to become more mainstream. Channel 5 have launched an online gambling service in conjunction with PartyGaming, while Scottish ITV franchise STV and Netplay TV, are partnering up to offer the first terrestrial interactive TV gambling shows.
European player trends
As for the rest of Europe, Everest Poker commissioned a research project with Jupiter Research to assess the profile of poker players in France, Germany, Italy, Spain, Netherlands and Sweden. The findings confirmed a few suspicions and raised a few interesting facts. Here are some of Jupiter’s findings:
- European poker players are largely male, between 25 and 34 years of age and earn less than €35,000 a year.
- France and Germany were the countries that had a greater percentage of female players at 34% and 31% respectively.
- Germany’s online poker players tend to be older than those in the other courtiers surveyed, falling in the 35-44yr bracket, while an average of 10% of all European players were in the 55+ category.
- European players were found to play poker online an average of four times a month. 40% play on a weekly basis in the evenings or weekends.
- Reasons for play were overwhelmingly about having fun not making money.
- Swedish and French players considered themselves to be passive players while Italian and Spanish players claim to be loose in their online game play.
- Dutch and German players believe they have below average poker skills compared to players in other European countries. The Swedish respondents had the highest percentage of players claiming their poker skills were better than players from other countries.
So, next time you get online, look for the German or Dutch contingent! That is, unless they’re bluffing!
2009 WSOP Main Event – The Final Table
Posted by admin in PokerGhetto News on September 3, 2009
Nine players. $27 million. November the 7th will see two left standing with final play finishing on November the 10th. Commence all the hype… and place your prop bets.
The November Nine
Darvin Moon: recreational player who owns a logging company in Maryland. Admits he has been lucky with the cards and is probably the worst player at the table. A flopped set saw him take his spot at the final table over 2009 $2k No-Limit Hold ‘em bracelet winner Jordan Smith’s aces.
Eric Buchman: the New Yorker is no stranger to the tables having around $1m in tournament cashes already in the bank. His biggest cash was $208k in WSOPC Atlantic City in 2007. His place at the final table will give him his biggest ever win no matter where he places.
Steven Begleiter: Classed as an amateur in the game but with a lifetime’s history of playing, Steven Begleiter considers himself a winner for getting this far. He won his entry to the Main Event through a home-league game and admits he’s been playing well and chanced out on some lucky breaks to remain standing amidst the pool of sharks that he’s been swimming with in this event.
Jeff Shulman: first and foremost, Jeff is editor of Cardplayer Magazine, but he can hold his own on the felt too. His journey to the final table was fairly methodically executed with Jeff reportedly saying the competition has been full of amateurs and the easiest field he’s had to contend with in an event like this yet. He was even quoted as saying that he’d throw the bracelet in the bin if he won it as a sign of his disdain for the way the WSOP has been managed in latter years.
Joseph Cada: at 21, Joseph will be the youngest player at the final table. An adept player with most successes being online, Joseph has done well in the WSOP so far this year with a couple of cashes under his belt. A regular at the WSOP, Cada will be looking to convert his hard earned opportunity in to hard cash.
Kevin Schaffel: one of the older players (51) on the final table, Kevin’s aspirations are of retirement with a healthy sum on which he can indulge in his hobbies. His 5 years of serious poker playing have probably just earned him that opportunity – just making it to the final table will see him earn his biggest win to date when he sweeps up the guaranteed $1m. Schaffel is psyched to get back on the felt so his hunger could see him kick his game up another level.
Phil Ivey: no introduction needed. Ivey is the clear favourite for winning at the final table of 2009’s WSOP Main Event. His journey was a slightly shaky one at times resulting in him returning as one of the short stacks, but the 7-time bracelet winner made it bagging 2 bracelets in this year’s tournament on his way, so underestimating him would be fatal. Phil is being hailed as poker’s new messiah – if he wins, it will prove to the world that poker is a game of true skill and a valid career choice as opposed to a game of luck that any amateur can play.
Antoine Saout: support for Saout was notable at this year’s WSOP. And there was good reason for that. Saout, who regularly cleans up online at Everest Poker, got his Main Event ticket through a satellite on Everest along with a number of other Everest players who also qualified for the Main Event. His place at the final table guarantees him and his fellow Everest players a slice of a one million dollar bonus. Hear the crowd roar. Antoine will take up his place at the felt as the second shortest stack but the Frenchman should not be ruled out as a serious contender.
James Akenhead: this Londoner’s dream is to win the WSOP Main Event and he’s doing everything to make that happen. He got a bad beat at one of 2008’s $1,500 tournaments and narrowly missed out on a bracelet then, so is looking to compensate for falling short. James is the short stack for the final table but has a rowdy bunch of supporters to spur him on – probably fellow members of the ‘Hit Squad’, the elite poker pro club for English players.