NEWS FLASH
ONLINE POKER IS BANNED IN THE USA
On Friday April 15th, the US Department of Justice (DOJ) seized five major poker domains – PokerStars.com, AbsolutePoker.com, FullTiltPoker.com, UltimateBet.com and UB.com. The indictment charges a variety of crimes, ranging from money laundering, bank fraud, wire fraud to unlawful gambling. Following the seizure of the domains, the DOJ released restraining orders towards 75 bank accounts in 14 different countries.
You can visit the NVG sticky for more information:
US DOJ Indicts FTP, Stars, AP/UB (Stars starts processing US cashouts; AP/UB agreement w/ DOJ)
Long story short: US players from Stars got their money back, and the site is still operating normally; UB is letting people cashout some cheeseburger $ from time to time; Everyone got screwed by Full Tilt Poker.
Alderney suspends FTP license - **ALL PLAY AND CASHIER HALTED
On June 29, the
Alderney Gaming Control Commission, which supplies FTP’s licenses to offer poker games, has announced the suspension of Full Tilt Poker’s licenses. This means that FTP can no longer legally offer poker games through their Alderney licenses, nor can they process any deposits or withdrawals. In a
press release, the AGCC issued a Hearing Notice and a Suspension Notice to Full Tilt Poker. The hearing about the matters contained in the Hearing Notice would take place on July 26th in London, but it is
now delayed until September. The Suspension Notice means that FTP must cease to:
- Register new customers.
- Accept deposits from existing customers.
- Allow existing customers to withdraw funds that are held in their accounts.
- Permit customers to participate in any form of poker game play or gambling transaction.
In a
statement, the AGCC said:
“The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by US Attorney General’s Office in the Southern District of New York on 15th April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation. The nature of the findings necessitated the taking of immediate action in the public interest.”
FTP’s $60M Shortfall
From at least September of 2010 to February of 2011, Full Tilt Poker was crediting funds to US player accounts for deposits that never left their bank accounts.
Full Tilt Poker was accepting deposits and crediting player accounts without payment processors in place to collect the money. Full Tilt had effectively given players loans without telling them, under the assumption that they could collect the debt later. According to numerous sources inside both Full Tilt and PokerStars, FTP viewed this as an opportunity to gain US customers who were unable to deposit on Stars. This activity was so rampant that the shortfall reached $60 million at its peak.
FTP’s Financial Relationship with Two Pros
According to NoahSD, from June 2009 until April 2011, Phil Ivey borrowed money from Full Tilt Poker at least eighteen times, totalling at least $10,715,000.
You can read more on the
2+2 thread.
DougL deserves recognition as one of the micros better posters and mod. Since going green, not only he as he become the most active mod, locking threads and moving noobs, he still manages to bring the goods in strat discussions.
Feel free to update your avatar:
(let's see if the last Poster of the month inductee finally lets go off the avatar)
Theory:
TOP- David Sklansky's deception (with guest star appearence)
Position and 3 betting HU, a bit of a rant? by Dougl
Zomg math!
Pre and postflop play:
BVB Gutshot in tiny pot OOP
BVB versus a 2p2er
Peel flop, peel turn? Preflop cap?
Is it a bluff? Is it a vbet? Is it a plane?
Flop TPTK faces action hu
1/2 6-max is a stupid game
When 2 mods collide, Dougl vs BBB:
JJ on the river against tough opponent
Play-Along:
Playalong: Cake 2/4 hand, 3 ways, 3 decent players.
Ninja Grunch:
MOFA Bona brings back the grunch. NINJA STYLE!
Community:
10K - So we online LHE guys want to play live (beyond tl;dr)
2+2 meetup july 2011: micros edition (with pics)
Aaron W. brings in this digest's
bump: 67s BB
Quote:
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Originally Posted by Aaron W
There are a couple reasons I'm choosing this one:
1) To highlight how the prevailing wisdom changes over time. I would be very surprised if anyone advocated folding 76s today getting 7:1. Although the games were less aggressive back then, I think folding 76s was still wrong.
2) Oink does something that I don't see very often these days, which is to use his DB to bolster his claim about preflop decisions. Given that more players are using DB programs these days (it seems basically standard now, whereas I don't think it was back in 2007 -- my memory is that PT2 had only been around for about a year), I think preflop play should be scrutinized more carefully through the lens of results (even though results, in the end, do not carry the strategic content). This idea is bolstered by the fact that I think people play more hands now than they did before (because more people are playing more tables). The data is there, it just needs to be analyzed.
3) I hope to put both Boz and BPM in the hot seat for next month's bump, because they both posted in that thread, and are both still around.
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Noobs! Come forth and introduce yourselves!
Duff86 gives some advice:
Quote:
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Originally Posted by Duff86
This month I thought I'd emphasize the importance of note-taking for the new player.
One of the ways I found to improve my game quickly was to take notes on my opponents. I noted anything that seemed "non-standard". From what they open limped in early position, to what they 3! MP openers with, as well as if they seemed positionally aware. Post flop notes include: "Flop Donks bottom pair HU", "c/c flop Set, c/r Turn", "Does not value bet river thin". Those notes, combined with their stats gave me a very good feel of their style of play.
The next step for me was to adjust my play vs their style. When a 12/8/1.5, with a "does not value bet river thin" note, Donks a AT6 rainbow flop, his range is much stronger than the 30/8/0.8 with a note, "Donk turn scare card HU".
By taking notes it helped me change my focus from the 2 cards in front of me, to my opponents hands and the lines they were taking. This is how I moved up to a higher "level" of thinking about poker.
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That's it for this month. If someone thinks i missed a good thread to include in the digest or wants to contribute in any other way, just PM me or post ITT.
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