Jay Juno

Palms pays $100,000 after poker dispute

Casino Industry, Gambling Law, Gaming, Land Base Casinos No Responses »

Nov 142009

Disputes over how a couple of poker tournaments were operated in 2007, led the Palms Casino Report to fork over $100,000. The Palms paid up to settle the issue with Nevada gaming regulators.

Third-parties actually managed the tournaments which were held at the Palms in Las Vegas.

The Nevada Gaming Control Board issued a statement which said that they don’t want operators from outside the state coming in to licensed casinos in Las Vegas to make less than legitimate events appear to have legitimacy.

The officials said that separate operators held the tournaments two years at the Palms. One was said to be a Charity event. However, the charity did not receive any money until almost four months after the event was over. The second tournament did not pay winners immediately after they won which is required.

The authorities say that the Palms paid each winner in full once they heard about the complaints.

Commissioner of WSOP resigns

Poker, WSOP No Responses »

Nov 142009

Jeffrey Pollack, the Commissioner of The World Series of Poker has resigned his position. This comes just three days after the tournament finished with its second-most profitable competition in its 40 year history.

The 45 year old Pollack said his plans include exploring challenges in new business ventures. Pollack was commissioner of the WSOP for four years, and was a driving force in the success of the series.

Harrah’s Entertainment owns the WSOP, which is now an international event spectacular. Many circuit tournaments are conducted at various Harrah’s properties throughout the U.S. There is also a European WSOP, which has been held for the past two years in London.

This year’s WSOP had over 60,000 players from 115 countries. All were competing in a prize pool of $174 million dollars spread across the winning players. This years WSOP held 57 events over a 50 day period.

Anywhere between 4 and 10 percent of the entry fees are retained by Harrah’s. They collect 6% of fees to enter the main Event. This years Main Event drew almost 7,000 players.

During the four years of Pollack’s tenure, the WSOP awarded more than $675 million dollars, almost double that of the previous 36 tournaments.

Pollack is credited for forging the partnership between the WSOP and cable-sports network ESPN which has brought the event to a worldwide audience. ESPN has 1 contract with the WSOP and Harrah’s for the next 12 years.

A New poker Trend: Becoming a Professional Online Poker Player

Gaming, Poker No Responses »

Sep 212009

Poker online and poker as a game become a mainstream fashion few years ago therefore the popularity of the poke game raise dramatically over the past few years. What makes the poker game so unique and different from other gambling games? Mathematical and statistic experts will answer that poker game involves a lot of thinking, strategy and calculates odd in a very fast and efficient way. If this assumption is true what will be the percentage of luck at poker game? We also research this issue and the result are very surprising, A straight forward calculation will give us a result of 60%-70% thinking and strategy and around 30% luck.

The most interesting evidence in our study, was the fact that attitude is a major thing in playing poker and effect your poker play in a very high percentage, a very recent research and “Missouri college for behavioral psychology”, discover that people functional problems under pressure are the same people who cannot hide stress situation that every poker player going through every session, therefore the way you act, move, talk, body language and the rest external parameters weighting a heavy load in the equation of being professional and successful poker player.

Professional online poker player – advantages:

Online environment gives the freedom to play poker online from every spot on the world.
Hi risk profession but also high profits when earning.
It is not 100% luck.
Free poker tournaments, allow to win large amount money with no investment.
World recognition that pays off.

The research got a big turn when online poker was started to be explore and many parameters that were discussed above are not relevant to online poker because the obvious reason that online poker players cannot see each other body and faces so it is all mechanic poker game that played online with Images who represent the real poker players but if the subject is to be at the professional league of poker players, online poker is must.

Most of the professional poker players we interviewed playing online poker and offline poker, when an example to playing poker online was asked to see in action, the results were amazing to find out the each poker player play with 5-10 poker tables at the same time and that the way of making living for some people around the world.