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Small Stakes Full Ring Discussion of .50/1 and 1/2 online and 5/10 live no-limit and pot-limit Texas hold'em full ring games, situations and strategies

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Old 07-18-2012, 01:38 PM   #7201
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Re: ***The Official 2012 Merge Regulars Thread***

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Originally Posted by raradevils View Post
interesting read, I know it doesn't belong in this thread......just for info:
http://venturebeat.com/2012/07/17/u-...rnet-gambling/
i stopped reading after the first sentence when the guy said they're close to a deal on legalizing internet poker.
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Old 07-18-2012, 01:49 PM   #7202
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Re: ***The Official 2012 Merge Regulars Thread***

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meh, this wont work. financial incentive is so small and for 5k hands there is no way i would be motivated/bothered to play my A game and I bet most others are the same. Zach you are different because you get a genuine satisfaction from owning micro regs.
it's only 5k hands at a limit where I'm assuming you can always get as many tables as you want. It's not worth playing like 5 hours at 50nl to prove something? Also could definitely try to bet against other people.


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no one cares that a team of msnl guys can beat unl. cool. story.
People care at what rate, that was the initial question...


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i stopped reading after the first sentence when the guy said they're close to a deal on legalizing internet poker.
standard pessimist disco (haven't read the article yet just found this funny).
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Old 07-18-2012, 01:52 PM   #7203
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Re: ***The Official 2012 Merge Regulars Thread***

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standard pessimist disco (haven't read the article yet just found this funny).
lol well i mean, there's clearly no way the guy writing the article could know if they're close or not, so for him to start the article with that statement is just laughable. it's like when quadjacks starts an article with "Pstars is close to a deal to buy FTP"............OH OK COOL
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Old 07-18-2012, 03:38 PM   #7204
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Re: ***The Official 2012 Merge Regulars Thread***

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lol well i mean, there's clearly no way the guy writing the article could know if they're close or not, so for him to start the article with that statement is just laughable. it's like when quadjacks starts an article with "Pstars is close to a deal to buy FTP"............OH OK COOL
Yeah I am done believing the "Online poker is about to be legalized" articles. In business, the sale is complete when the check clears, and with online poker it is no different. I will believe it once I have made my first successful withdrawal on a newly regulated poker site.

Last edited by Sebastian37; 07-18-2012 at 03:57 PM.
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Old 07-18-2012, 03:45 PM   #7205
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Re: ***The Official 2012 Merge Regulars Thread***

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Yeah I am done believing the "Online poker is about to be legalized" articles. In business, the sale is complete when the check clears, and with online poker it is no different. I will believe it once I have made my first successful withdrawal on a newly regulated poker site.
fyp
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Old 07-18-2012, 03:56 PM   #7206
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Re: ***The Official 2012 Merge Regulars Thread***

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fyp
Yeah I was thinking that too.
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Old 07-18-2012, 04:08 PM   #7207
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Re: ***The Official 2012 Merge Regulars Thread***

I mean you guys have a point but there is such thing as probability in the world. For example look at how stock prices react to various news/small indicators far before the actual outcome of an event is known. A lot of the time the actual outcome doesn't even change the price that much because of all the smaller clues and stuff. It's super similar to the FTP price as well.
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Old 07-18-2012, 04:29 PM   #7208
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Re: ***The Official 2012 Merge Regulars Thread***

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I mean you guys have a point but there is such thing as probability in the world. For example look at how stock prices react to various news/small indicators far before the actual outcome of an event is known. A lot of the time the actual outcome doesn't even change the price that much because of all the smaller clues and stuff. It's super similar to the FTP price as well.
+1
FTP is merely like any other investment and involves a risk/reward relationship based on perception more times than not as opposed to reality. When a news story comes out that stars is buying FTP the cost of FTP dollars goes way up, after months of nothing happening it goes down drastically.

Though we are talking about something totally different. No one is really questioning the probability of online poker coming back as it will in all likelyhood be legalized at some point. The big questions are how soon and how badly will they F@ck it up. That and it was more of Disco's skepticism of how the author of the piece would be in the know about how it was close to being legalized.
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Old 07-18-2012, 06:30 PM   #7209
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Re: ***The Official 2012 Merge Regulars Thread***

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I mean you guys have a point but there is such thing as probability in the world. For example look at how stock prices react to various news/small indicators far before the actual outcome of an event is known. A lot of the time the actual outcome doesn't even change the price that much because of all the smaller clues and stuff. It's super similar to the FTP price as well.
It's called buy on the rumor, sell on the news or something like that. Investor's are hedging their bets pro legalization.
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Old 07-18-2012, 09:30 PM   #7210
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Re: ***The Official 2012 Merge Regulars Thread***

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i stopped reading after the first sentence when the guy said they're close to a deal on legalizing internet poker.
Problem is when you stop reading without understanding what it is you're reading you generally have no clue what you're talking about.

The "deal" isn't necessarily anything that the vast majority of senators has even looked over let alone had a chance to vote on. The deal is a bipartisan piece of legislation that has been written up and agreed upon by two of the most powerful men in the senate, one from the left and one from the right.

Harry Reid has pretty much been our guy for a while now as far as federal legislation goes. He is the Senate majority leader and the Democratic Senator from the state of Nevada. Casinos have given him a bunch of campaign money in exchange for tryting get something done but he's yet to get poker attached to another piece of must pass legislation as a ride along (ipoker isn't going through as a stand alone bill any time soon).

John Kyle is a republican senator from Arizona and has been basically one of the biggest anti online gaming guys in the US senate. Until recently he alone has been Reid's biggest foe supposedly squashing his attempts at tacking ipoker on to two seperate bills, once this past December and once back in December of 2010. Remember those sweats? Probably not.

Harry Reid (D-Nevada) says ipoker isn't covered by the wire act, Kyle (R-Arizona) says it is so back in like Sept of 2011 the two send a joint letter to the DOJ asking for clarification of the law once and for all. The result was the December 2011 ruling by the DOJ saying everything but online sports betting is exempt from the wire act and its basically up to individual states on what they want to do about the rest http://www.natlawreview.com/article/...l-online-poker.

Flash forward to now, states are starting to get their ducks in a row for going all the way with intrastate online casino gaming and lottery (Cali, NJ, Delaware, WV, Rhode Island, etc). This scares the hell out of senator Kyle (R-Ari). Not only is he about to lose the fight for online poker but everything is going to be fair game!!! He decides giving a concession on online poker to Reid (D-Nev) for a re-write of the UIGEA is in his best interest so he gets on the horn with Senator Reid (D-Nev) and basically is like "yo, I will stop throwing a bitch fit about ipoker if you let me throw in bans against other online casino games. win win my nig!" and here we are with the "Deal" you're reading about. This piece of legislation isn't even expected to be introduced as a ride along until the lame duck session in December of this year and nobody other than these two guys really knows the fine print of the "deal". Only thing we can be sure of is that Reid gets his interstate ipoker for the casinos (and us the players, we want interstate which is national, not intrastate which is each individual state pooled off) and Kyle gets his re-write of the UIGEA2 and gets the ban on all other forms of igaming.

This is a very good thing if you're an actual online poker player. Sure the system will probably be far from perfect when first implemented but you have to understand it's still better than the status quo by a mile. Plus once legislation becomes actual law its much less of an up hill battle to get things altered more to ours and the casinos liking. If there's one thing Stars has shown in the last couple years its that what's in the best long term interest of the sites is directly lined with the best long term interest of the players so they're willing to work with them about a bunch of issues.
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Old 07-18-2012, 09:45 PM   #7211
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Re: ***The Official 2012 Merge Regulars Thread***

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Problem is when you stop reading without understanding what it is you're reading you generally have no clue what you're talking about.
If you'd read disco's posts in heated debates, you'd know this does not impede him in the slightest.
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Old 07-18-2012, 09:48 PM   #7212
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Re: ***The Official 2012 Merge Regulars Thread***

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If you'd read disco's posts in heated debates, you'd know this does not impede him in the slightest.
yeah, whether i read or not, i still have no idea what i'm talking about anyway. but, it was just your typical catchy opening line. I think i've seen (notice i don't say read, because I didn't read them) about 70000000000000000000 articles since Black Friday that were headlined or opened with : blah blah blah deal is close to done blah blah blah. you know how i'm gonna know when a deal is actually done? not when some stupid ****ing reporter on some stupid ****ing poker site or legislation site writes an article about it. it will be when i get a million skype messages one day DOOOOOD DEALS DONE OMG OMFG WE CAN CASHOUT WEEEEEEEEE!!!!

Last edited by DiscoBisco; 07-18-2012 at 09:55 PM.
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Old 07-18-2012, 09:57 PM   #7213
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Re: ***The Official 2012 Merge Regulars Thread***

For realz Bisco? I think there's only been two times its even been truly considered and I follow this stuff pretty closely. Once was back in December of 2010 and once back in January of 2012 (I said December 2011 in the other post) when the two senators were working together but Kyle (R-Ari) got cold feet for some reason and wouldn't commit. Like I said, this is that "deal". They've both finally reached an agreement on something they can rally the troops for.
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Old 07-18-2012, 10:21 PM   #7214
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Re: ***The Official 2012 Merge Regulars Thread***

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For realz Bisco? I think there's only been two times its even been truly considered and I follow this stuff pretty closely. Once was back in December of 2010 and once back in January of 2012 (I said December 2011 in the other post) when the two senators were working together but Kyle (R-Ari) got cold feet for some reason and wouldn't commit. Like I said, this is that "deal". They've both finally reached an agreement on something they can rally the troops for.
oh, well, i was talking about the ftp and GBT/PS deal....but kind of lumping legislation articles in there too.
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Old 07-18-2012, 11:12 PM   #7215
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Re: ***The Official 2012 Merge Regulars Thread***

Great summary of the situation Kevinb! Dare I say one time.
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