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*** Official 2010 FTP Regs Thread *** *** Official 2010 FTP Regs Thread ***

12-05-2010 , 07:15 PM
wow tilt
12-05-2010 , 11:46 PM
Quote:
Originally Posted by peterk9
Is this Rush or Normal? And please please please give me a SN
It was rush... Dunno if SN is relevant ; villain is a solid winning reg but you've got a long history and have developped quite an agressive dynamic,

i'm pretty sure he doesn't go crazy like this that often....
12-06-2010 , 12:40 AM
Id like to request coaching on how to create an aggressive enough dynamic where i can get an opponent to flat a 5Bet with one of the worst hands to do it with and then stack off with King high 300BB deep.

Ill be waiting on my PM lol
12-06-2010 , 09:57 PM
themightyjim: if patrick antonius and phil ivey got in a time machine and went into the future and found the technology to impregnate men, and then got back in the time machine and traveled to the past and impregnated doyle brunson.....
Dealer: Hand #26183163889
themightyjim: maurrrrr would be the love child
Dealer: check6072 has 15 seconds left to act
Dealer: SqueezeSqueeze wins the pot ($10)
themightyjim: he is the apex of poker evolution
Dealer: Hand #26183175153
themightyjim: and he's from spain!!!!!
themightyjim: and theyre like good at soccer and stuff
12-06-2010 , 09:58 PM
maurrrrr lets play HU

i want your pesos.

just tell me cuando.
12-06-2010 , 11:20 PM
Those Spanish full stack guys all have the
exact same stats as sobraoboy.
12-07-2010 , 12:16 AM
In case none of you have been following this:

http://forumserver.twoplustwo.com/57...mbling-930754/

Closest we've ever been to legal and regulated internet poker in the United States. A decision will likely be made within the next 2-3 days, definitely before December 17th.

They're trying to attach it to the extension of the Bush tax cuts (just like they attached UIGEA to port security).

I read an early draft of the bill and it actually looked good for us, speaking long-term anyway.

Short-term, there'd be a 14-month blackout period where FTP/Stars/any site seeking a license in 2012, would have to stop serving players in the USA.

Late January might be the last time any of us get to play internet poker safely in the United States until early 2012.

The bill includes a requirement that licensees (which would definitely include FTP and Stars if it goes through) disclose all winnings information for all players on their site to Secretary of Commerce and the IRS.

And before late February, the poker sites would have to return all funds from all accounts of all players located in the US during that 14-month blackout. So look forward to having to move a ton of money around.
12-07-2010 , 12:33 AM
uiahiofughafiodughaiofughaiofughaisfjalsfjfjasidfu haiufh
12-07-2010 , 01:26 AM
brb usa
goin to korea
12-07-2010 , 02:09 AM
Can I come too?
12-07-2010 , 02:10 AM
Quote:
Originally Posted by Andrew Song
brb usa
goin to korea
I'm definitely moving to another country during the blackout if it happens. No way I'm sitting around the US not knowing what to do with myself for over a year of my life.

Where though? Canada, Mexico, Argentina?
12-07-2010 , 02:18 AM
Quote:
Originally Posted by Andrew Song
brb usa
goin to korea
More like going to Macau to play some live pokers. Because if you are going to Korea to play online, have fun with the german bumhunters.



It will be very easy to keep playing from the USA with VPNs. The problem is going to be the dearth of American fish. This blackout will be a sad time in the history of online poker. The American fish provides food for soooo many.
12-07-2010 , 02:49 AM
Quote:
Originally Posted by *******
Short-term, there'd be a 14-month blackout period where FTP/Stars/any site seeking a license in 2012, would have to stop serving players in the USA.
did anyone discuss the idea of full tilt operating til 2012 while howards dog is trying to get a license for half-tilt poker which once up and running decides to buy FT or it's software?

I mean seriously, if the two big sites want to operate in 2012 there would have to be a loophole where they could even sell the current site. few hundred million out there for someone to run online poker in the states for a year. someone will find a way. right?
12-07-2010 , 03:20 AM
FTP/Stars have been involved in this legislation since the beginning, from what I've heard. They'll definitely qualify for licenses after the blackout (along with Harrah's, MGM, etc).

I read an early draft of the bill and the part that defines what entities do and don't qualify for a license is very detailed, with lots of restrictions on foreseeable ways around the blackout (including buyouts). There won't be any loophole action, FTP and PokerStars will be in full compliance and won't try to get a piece of the US market during the blackout.

Also, the part about taxation includes a 50% tax on rake (basically) for any site operating without a license, including during the blackout, and that's on top of potential fines and imprisonment.

That's vs the 20% tax on rake (basically) for licensed sites post-blackout.

So that puts a pot of gold in their hands for the DOJ or whatever other authorities want to go after.

People are saying Cereus (AP/UB) and Bodog are most likely going to stay open to players in the US during the blackout and ignore the laws, but I'm not sure I agree with that. Even if they do I'm not sure I agree it'd be a good idea for any of us to play there in that case.

Restrictions on transactions would become much worse for those sites, and they'd pretty much be openly violating the law so I'm not sure I'd trust them with any significant sum in that case anyway.
12-07-2010 , 03:31 AM
Quote:
Originally Posted by *******
FTP/Stars have been involved in this legislation since the beginning, from what I've heard. They'll definitely qualify for licenses after the blackout (along with Harrah's, MGM, etc).

I read an early draft of the bill and the part that defines what entities do and don't qualify for a license is very detailed, with lots of restrictions on foreseeable ways around the blackout (including buyouts). There won't be any loophole action, FTP and PokerStars will be in full compliance and won't try to get a piece of the US market during the blackout.

Also, the part about taxation includes a 50% tax on rake (basically) for any site operating without a license, including during the blackout, and that's on top of potential fines and imprisonment.

That's vs the 20% tax on rake (basically) for licensed sites post-blackout.
So that puts a pot of gold in their hands for the DOJ or whatever other authorities want to go after.

People are saying Cereus (AP/UB) and Bodog are most likely going to stay open to players in the US during the blackout and ignore the laws, but I'm not sure I agree with that. Even if they do I'm not sure I agree it'd be a good idea for any of us to play there in that case.

Restrictions on transactions would become much worse for those sites, and they'd pretty much be openly violating the law so I'm not sure I'd trust them with any significant sum in that case anyway.
I'm not sure if bolded is correct. the last update on the legislation forum I read suggested that the 20% tax was on all deposits, not all rake. That definitely benefits us as it prevents the money from being retaxed everytime it exchanges hands on the site. In face I think a lot of guys on the legislation forum said this was actually a fairly low tax and that the sites could easily support it and it might lower and not increase rake for players (considering increased competition as well as easier methods for transporting funds on site).

that's the optimistic view, but tbh I'm still not really excited about the legislation. I can't really leave the country to play, and I don't really have any desire to start commuting to foxwoods. So if it goes through I'll VPN and see what networks I can get on and hope for the best. In general though no legislation would be fine with me as I think I can keep making money in the games as they are. If it's going to pass at some point I think I'd rather wait until they can get it through without this blackout.
12-07-2010 , 03:42 AM
The draft I read and the information available now says there's no tax on deposits, just on revenue basically (rake basically):

Quote:
Tax

The tax is pretty damn small. It's 20% on the poker site's revenues (aka rake). This works out to be much less than the current cost of getting around the US government's attempts to prevent Americans from getting money on and off. So, there's no reason to expect rakes to go up as a result of this. There's some reason to expect rakes to go down, but I wouldn't hold your breath if I were you.

(A lot of people are confused by the wording of the bill and think that this is a tax on deposits. It is not a tax on deposits. It's just worded a little funny because lawyers need work just like online poker players need work. It's a tax on revenues and it's quite low.)
The bill is indeed written very confusingly wrt what the tax is applied to. There's a section that says taxation is on "internet poker deposit receipts", with "internet poker deposit receipts" being defined as rake, x, x, x, etc., as taken from deposits. And later it says player deposits are to be regarded as deposits when calculating "internet poker deposit receipts", but really it was just defining the word "deposit" wrt "internet poker deposit receipt" calculation, and in that calculation the deposit is what the items that the taxes are applied to are derived from, not something that's taxed itself.

Really confusing arcane **** that makes you want to poke your eyes out pretty much, but the good news is I don't think there will be a tax on player deposits.
12-07-2010 , 03:59 AM
No euros players allowed after back out ????? +

ruijh,ŕ!gpjeaiprgj,aerŕh thikzr
Z9EFH0Z08EFGH

wtf

GOD I M ON UBER TILT
12-07-2010 , 04:02 AM
Quote:
Originally Posted by jij452
No euros players allowed after back out ????? +

ruijh,ŕ!gpjeaiprgj,aerŕh thikzr
Z9EFH0Z08EFGH

wtf

GOD I M ON UBER TILT
Already been removed afaik. I believe after blackout we're fine.
12-07-2010 , 04:06 AM
Quote:
Originally Posted by thepizzlefosho
I'm not sure if bolded is correct. the last update on the legislation forum I read suggested that the 20% tax was on all deposits, not all rake. That definitely benefits us as it prevents the money from being retaxed everytime it exchanges hands on the site. In face I think a lot of guys on the legislation forum said this was actually a fairly low tax and that the sites could easily support it and it might lower and not increase rake for players (considering increased competition as well as easier methods for transporting funds on site).

that's the optimistic view, but tbh I'm still not really excited about the legislation. I can't really leave the country to play, and I don't really have any desire to start commuting to foxwoods. So if it goes through I'll VPN and see what networks I can get on and hope for the best. In general though no legislation would be fine with me as I think I can keep making money in the games as they are. If it's going to pass at some point I think I'd rather wait until they can get it through without this blackout.
Without the bill then things can't continue as they are much longer. There isn't an endless stream of payment processors lining up to keep things moving and we have a limited time frame as it stands.

So far as playing once the bill goes through, a VPN won't be an option. If a VPN drops out then you will revert to your existing connection, the pokersite will see that you've "country hopped" and given that they will be trying to get a license at the end of the blackout period I would be extremely surprised if they didn't do something significant to prevent this from being allowed (including scanning running applications for VPN software).

Given how much the pokersites are paying for processing fees now the tax is definitely a significant reduction in costs for them, we're at very low risk of a rake raise and I'd wouldn't be surprised if the opposite occurred (due to a more competitive market).
12-07-2010 , 04:07 AM
If you want to read more there's a lot more information in the SSNL FTP regs thread also.
12-07-2010 , 04:09 AM
Quote:
Originally Posted by juan valdez
did anyone discuss the idea of full tilt operating til 2012 while howards dog is trying to get a license for half-tilt poker which once up and running decides to buy FT or it's software?

I mean seriously, if the two big sites want to operate in 2012 there would have to be a loophole where they could even sell the current site. few hundred million out there for someone to run online poker in the states for a year. someone will find a way. right?
I doubt it. There's too much goodwill associated with the FullTilt brand for them to pull anything like this.
12-07-2010 , 04:34 AM
Quote:
Originally Posted by skelm
Without the bill then things can't continue as they are much longer. There isn't an endless stream of payment processors lining up to keep things moving and we have a limited time frame as it stands.

So far as playing once the bill goes through, a VPN won't be an option. If a VPN drops out then you will revert to your existing connection, the pokersite will see that you've "country hopped" and given that they will be trying to get a license at the end of the blackout period I would be extremely surprised if they didn't do something significant to prevent this from being allowed (including scanning running applications for VPN software).

Given how much the pokersites are paying for processing fees now the tax is definitely a significant reduction in costs for them, we're at very low risk of a rake raise and I'd wouldn't be surprised if the opposite occurred (due to a more competitive market).
I understand that in the long run this seems like a good thing, but I just don't agree that if we don't push this through it's just a matter of time before there are no payment processors left. As far as I know there is money to be made in being a payment processor. and as long as a few people can make a lot of money in a short time there will be people that will do it.

I'm not trying to criticise the people supporting this plan or who worked hard to try and make it happen. I get that they are pro poker in the US and think they are helping. just from my selfish point of view this isn't really in my best interest over the next year. I've been told the sky is falling for over 3 years and not that much has really changed. I'm not really excited about actually letting the sky fall for 15 months even if things are supposed to be all clear some time after that.

as to the VPN thing I was more of hoping that I could use it to play on some of the smaller euro sites that might be more interested in traffic than trying to prep themselves for entry into the US market.
12-07-2010 , 04:44 AM
Quote:
Originally Posted by skelm
So far as playing once the bill goes through, a VPN won't be an option. If a VPN drops out then you will revert to your existing connection, the pokersite will see that you've "country hopped" and given that they will be trying to get a license at the end of the blackout period I would be extremely surprised if they didn't do something significant to prevent this from being allowed (including scanning running applications for VPN software).
There are ways around this. All of it.

So, on a related note, thoughts on when we should remove our mannies from the sites?
12-07-2010 , 04:52 AM
I think there will be SEVERAL sites open to US players. There's just way too much money to be made. I mean we're talking about a BILLION+ dollars a year from the US - if someone could step up with any kind of scale. You cash in huge for a year, and then get banned. Big deal - you just made enough so you never have to work again. Shoot, and an identity swap later, you can apply for a real license if you really wanted to.
12-07-2010 , 04:52 AM
Quote:
Originally Posted by Nick Rivers
There are ways around this. All of it.

So, on a related note, thoughts on when we should remove our mannies from the sites?
ty nick rivers for affirming my hope to work around the blackout.

as to the question even if it were to pass this week I think we have the 30 day period before the sites stop operating for US players.

I'll probably remove as much of my rolls as possible over the next few weeks just so if there is a rush at the end of the year it isn't a problem for me.

      
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