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category: gambling
21 Oct 2009

Young Gun Joe Cada stops by the Deal bringing his own brand of Michigan madness to Bristol.

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category: gambling
24 Sep 2009

Guys have their poker nights and now you can do the same with the gals. Here are some tips to hosting your first ladies poker night.

Not everyone knows how to play so make sure that you explain the rules before you begin. You’re also going to want to have some fun food and since it’s ladies only- you may want to add a girlish touch with pink poker chips and plates.

Good luck!

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category: gambling
21 Aug 2009

Good news for Poker fans! From USAToday.com:

Poker’s biggest tournament and ESPN have cut a new deal.

The World Series of Poker and the cable TV network will formally announce Tuesday they have a new seven-year broadcast agreement through the 2017 World Series.

ESPN has aired the WSOP since 2003. The current contract runs through next year. The new deal begins in 2011. ESPN will pay a rights fee. Terms were not disclosed.

Taped coverage of the World Series airs on ESPN, ESPN2, ESPN Classic, ESPN International and more.

“This long-term agreement ensures that our content will continue to reach sports fans around the world through a wide variety of platforms,” says Jeffrey Pollack, president and commissioner of the World Series.

This year’s WSOP was a series of 57 poker tournaments begun May 26 in Las Vegas. The final tournament, the Main Event, is being held in two stages.

In stage one, played July 3 through July 15, the field of 6,494 players was reduced to the final nine. On Nov. 7-10, the final table (the “November Nine”) will be played. Top prize is $8.5 million.

ESPN’s 32 hours of coverage is running on Tuesday nights. It began July 28 and goes through Nov. 10 (same-day coverage of the end of the final table).

After devoting earlier coverage this year to other events in the WSOP, the ESPN programming will be pegged to Main Event coverage this Tuesday night through the rest of the TV schedule. There will be an all-time high 24 hours of Main Event coverage

This Tuesday night’s coverage will focus on the first day of the Main Event and feature such pros as Phil Laak, Mike “The Mouth” Matusow and Johnny Chan, as well as poker-playing actor Jason Alexander from the TV show Seinfeld.

Norman Chad and Lon McEachern call the action. “It’s an event that lends itself to early-round coverage, and I think that’s where a lot of the memorable moments come,” says McEachern.

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category: gambling
18 Aug 2009

There’s a difference between someone who enjoys testing their luck in gambling and someone who is addicted to betting.

The easiest way to help a loved one who is addicted is by first understanding their addiction. It also is good to know what signs and symptoms to look for.

According to HELPGUIDE.org

You or your loved one may have a gambling problem if you/they:

-Feel the need to be secretive about your gambling.
-Have trouble controlling your gambling.
-Gamble even when you don’t have the money.
-Family and friends are worried about you

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category: gambling
11 Aug 2009

According to NewScientist.com

“FIVE years ago, Londoner Ashley Revell sold his house, all his possessions and cashed in his life savings. It raised £76,840. He flew to Las Vegas, headed to the roulette table and put it all on red.

The wheel was spun. The crowd held its breath as the ball slowed, bounced four or five times, and finally settled on number seven. Red seven.

Revell’s bet was a straight gamble: double or nothing. But when Edward Thorp, a mathematics student at the Massachussetts Institute of Technology, went to the same casino some 40 years previously, he knew pretty well where the ball was going to land. He walked away with a profit, took it to the racecourse, the basketball court and the stock market, and became a multimillionaire. He wasn’t on a lucky streak, he was using his knowledge of mathematics to understand, and beat, the odds.

No one can predict the future, but the powers of probability can help. Armed with this knowledge, a high-school mathematics education and £50, I headed off to find out how Thorp, and others like him, have used mathematics to beat the system. Just how much money could probability make me?

When Thorp stood at the roulette wheel in the summer of 1961 there was no need for nerves - he was armed with the first “wearable” computer, one that could predict the outcome of the spin. Once the ball was in play, Thorp fed the computer information about the speed and position of the ball and the wheel using a microswitch inside his shoe. “It would make a forecast about a probable result, and I’d bet on neighbouring numbers,” he says.

Thorp’s device would now be illegal in a casino, and in any case getting a computer to do the work wasn’t exactly what I had in mind. However, there is a simple and sure-fire way to win at the roulette table - as long as you have deep pockets and a faith in probability theory.”

According to Continue Reading

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category: gambling
10 Aug 2009

From PokerNewsDaily.com

“At 7:30pm local time on Thursday, 2006 World Series of Poker (WSOP) Main Event Champion Jamie Gold and 2008 winner Peter Eastgate will host a 50 player charity poker tournament benefiting the Jamie Gold Foundation. The event is one of many that will take place as part of London’s Poker in the Park.

The Foundation works with a bevy of notable charities, including the Muscular Dystrophy Association/ALS Division, Michael J. Fox Foundation for Parkinson’s Research, Montel Williams MS Foundation, Sunflower Children, Covenant House, Fallen Heroes Fund, Fulfillment Fund, and the Abolish Slavery Coalition. Prizes up for grabs include a £5,200 European Poker Tour (EPT) entry, a £3,000 Unibet Open package, a Gresham Blake suit, a £1,000 Gevril Wristwatch, and chipsets and tables that are perfect for home games. Poker News Daily sat down with Gold to talk about this week’s event.

Poker News Daily: What can attendees expect at the charity poker tournament on Thursday?

Gold: This has all come together at the last minute, but we have some great support from the people running Poker in the Park. The Empire Casino, where we hold WSOP Europe, donated their space for us. We’re going to have a red carpet and even David “Devilfish” Ulliott is coming. He’s amazing and he’s a really great guitar player. He sings like Elvis.

PND: Talk about Peter Eastgate’s involvement.

Gold: The reason we became friendly is because we are both Main Event champions. He is impossible not to be friends with and, from what I can tell, he really cares. He knew that I had spent years trying to give back as much as I could. One of the things we bonded over is that he wanted to do the same. He wanted to make sure he didn’t just take the money and status for granted. He told me that if I ever needed him for anything, he’d be there.

There’s really one person who made this whole thing happen, Michael Casselli. He’s the head of Lyceum Media and Poker in the Park. He and I have been talking about doing an event together. It’s a little overwhelming because I’m not from Europe and he’s been a tremendous help.

PND: Is the 50 player maximum just a function of limited space?

Gold: The Empire Casino was kind enough to give us their space. We thought we had the whole casino, but they felt that if we had celebrities, we should have a protected area. We invited people like Daniel Craig (of “James Bond” fame). When you have people like that potentially coming, they will only allow you to be in the VIP room.

PND: One of the prizes in the charity poker tournament during Poker in the Park is a week-long poker training session by David “The Maven” Chicotsky. Talk about Chicotsky’s involvement.

Gold: Those guys are amazing, so I’m really excited. I’m in the process of making a partnership with The Maven. The things he doesn’t teach are my skills. I don’t claim to be the best in the world, but I seem to be on par with the best. I’ve only trained with them for a day, but I made two final tables during it. He’s completely changed my game.

PND: Are you considering relocating to Europe or signing with a non-U.S. online poker site?

Gold: Some of it has to do with the legalities, but I can’t deny that, with the economic situation, there’s not a lot of money being thrown around. The most lucrative deal I can make is in Europe. The two sites that take American players don’t need my help. However, my presence would help double most European sites’ numbers.

I have a powerful celebrity marketing base that could help a site do something special. I also believe strongly in my commitment to charity. I haven’t found another site in America that has the same commitment. They all care, but it’s not their number one goal, nor should it be. While I’m young, single, and healthy, now is the time I’d like to travel the world. I feel like I’m in a rare position.”

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category: gambling
06 Aug 2009

News from PokerNewsDaily.com:

In breaking news from Capitol Hill, Senator Robert Menendez (D-NJ) will introduce legislation to license and regulate online poker in the United States on Thursday, according to Dow Jones Newswires.

During National Poker Week, which occurred from July 19th to 25th, it was revealed that Menendez would likely drop legislation during the festivities or the following week. Then, Poker News Daily learned that a bill similar to last Congressional session’s S 3616 would likely be introduced this week. Poker Players Alliance (PPA) Executive Director John Pappas stated during a working dinner to open National Poker Week, “Pushing poker will be an immediate lift and will be easier than [legalizing] other things.” He also reminded over 30 of the PPA’s State Directors, a handful of poker pros, and media in attendance, “Poker has always been played in people’s homes. We are the Poker Players Alliance. We aren’t the Roulette Alliance. We love the Menendez bill because it focuses on our core beliefs.”

The PPA had a draft of the bill in mid-July. Menendez’s S 3616 was introduced last September and dubbed the Internet Skill Game Licensing and Control Act. The bill’s definitions specifically included online poker, explicitly legalizing the game in the United States: “The term ‘Internet skill game’ means an Internet-based game that uses simulated cards, dice, or tiles in which success is predominantly determined by the skill of the players, including poker, bridge, and mahjong.” The bill called for the legalization of skill games not backed by the house, meaning that the action was primarily player versus player. Online poker rooms like PokerStars and Full Tilt Poker raise revenue by taking a percent of each pot or tournament buy-in, dubbed the “juice” or “rake.”

In order to apply for a license to operate a skill game online and solicit customers from the United States, complete financial information was required. Also required were an outline of an organization’s corporate structure and the “names of all persons directly or indirectly interested in the business of the applicant and the nature of such interest.” Background checks of individuals and directors associated with each licensee would have been conducted and betting on sports was specifically prohibited. S 3616 vanished from the record after the 110th Congress adjourned.

According to the PPA, the legislation to be introduced by Menendez on Thursday will be similar to S 3616. The Dow Jones report notes, “It would establish a regulatory framework that would allow online poker companies to register in the U.S.” A 10% tax on deposits would be added, 5% to State Governments and 5% to the Federal Government. During the last Congressional session, Congressman Robert Wexler introduced a similar measure in HR 2610, the Skill Game Protection Act, which exempted poker and other skill games from existing internet gambling legislation.

At the beginning of May, Congressman Barney Frank (D-MA) introduced HR 2266, which would delay industry compliance with the Unlawful Internet Gambling Enforcement Act (UIGEA) by one year to December 1st, 2010. In addition, the Massachusetts lawmaker unveiled HR 2267, which establishes a comprehensive licensing and regulatory framework for the internet gambling industry in the United States. HR 2267 currently boasts 54 co-sponsors, while HR 2266 has 35.

We’ll have full details on Menendez’s new Senate bill as soon as it’s released right here on Poker News Daily.

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