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Wednesday, December 17, 2008

WSOP Evaluating Merits of Rebuy Touraments !!

Heading into the 2008 World Series of Poker (WSOP), the major change handed down by tournament officials was the introduction of a 117 day break prior to the start of the Main Event final table, which occurred in November. The move was considered by many to be a resounding success, as television ratings and interest in poker boomed as a result. Heading into 2009, rebuy tournaments may become a distant memory.

Poker News Daily has confirmed a rumor that WSOP officials are considering doing away with rebuy events for the 2009 tournament series. There were five rebuy contests held during the 2008 schedule:

Event #5: $1,000 No Limit Hold’em with Rebuys
Event #18: $5,000 No Limit 2-7 Draw Lowball with Rebuys
Event #28: $5,000 Pot Limit Omaha with Rebuys
Event #34: $1,500 Pot Limit Omaha with Rebuys
Event #44: $1,000 No Limit Hold’em with Rebuys

World Series of Poker Communications Director Seth Palansky told Poker News Daily, “For rebuys, we are simply in discussions on the benefits and drawbacks of having these events as bracelet events. We like rebuys and think they are a fun and exciting game for poker players, but at the same time, we are questioning their place in the World Series of Poker.”

In many cases, the rebuy period ends after the first two levels of play in a tournament. However, players can often play very loosely during this time and, if their bankroll allows for it, simply rebuy if they are eliminated. However, this has raised eyebrows as to whether a bracelet is warranted for potentially just having the deepest pockets. For example, during Event #5, Suk Song re-bought 23 times. In 2006, PokerStars pro Daniel Negreanu reloaded an amazing 46 times and added on twice during a rebuy tournament.

In Event #18, Todd Brunson invested a whopping $140,000. To put that number in perspective, Brunson would have had to finish fourth in order to break even; he ultimately did not make the money. Negreanu invested $85,000 in Event #28. This time, however, his gamble paid off, as he finished seventh and cashed for $129,000.

In Event #34, the number of rebuys was up a remarkable 53% in 2009 in comparison to 2008, causing the total prize pool to balloon by 43%. Layne Flack invested $33,000 in the tournament, which meant that he needed to place 12th or better out of 320 entrants in order to make his money back. Luckily, Flack ended up winning the entire tournament and taking home $577,000, or 17 times his buy-in, for his sixth WSOP bracelet.

The $1,000 rebuy tournament first became a part of the WSOP in 2004. In 2005, two $1,000 No Limit Hold’em rebuy tournaments were held, a trend that has existed ever since. One player re-bought 17 times in Event #44 in 2008, although WSOP officials declined to name who he or she was. The top 27 players received $18,000 or more.

Palansky elaborated further, “The bracelet and its prestige are of paramount importance to us and we want to ensure that anyone who does win a bracelet does so because they played the best poker throughout an event.” In 2007, there were six rebuy events held as part of the WSOP festivities. In 2006, there were four, which was one fewer than in 2005. The 2008 WSOP featured 54 bracelet events in total, meaning that rebuys accounted for roughly 9% of the tournaments. The Main Event is a $10,000 buy-in freeze out.

WSOP and Harrah’s officials will likely take into account views from its Players Advisory Council when making a decision. The discussion may focus on whether rebuy tournaments favor deep-pocketed poker players and whether the merits of having a portion of the WSOP schedule devoted to rebuys jeopardizes the esteem of a bracelet.

No timeline has been set for an announcement one way or another and the 2009 WSOP schedule has not been released.

Party Gaming Founder Dikshit to Plead Guilty to Gambling Charges !!

Anurag Dikshit, co-founder of PartyGaming (the parent company of popular online poker room PartyPoker,) will fork over $300 million to U.S. authorities and plead guilty to a charge “relating to illegal web betting,” according to a report published on the Financial Times website late Monday night. Dikshit will appear in front of the Southern District Court of New York on Tuesday at 2:00pm Eastern Time.

The Financial Times states that, in addition to the nine-figure fine, Dikshit may spend up to two years in prison. He is scheduled to plead guilty to violating the Wire Act of 1961, which has typically been interpreted to apply to online wagering on sporting events. Party Gaming currently offers casino games, Backgammon, Bingo, and sports betting. However, it is best known for its online poker site, which recently revamped the look of its tables and lobby and has grown to become one of the largest rooms that does not accept U.S. players.

PartyPoker was once one of the marquee sites that catered to the U.S. market. However, with the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006, the room left the country entirely. Party Gaming is traded on the London Stock Exchange under the symbol “PRTY” and, like 888 and Sportingbet, is publicly traded. The decision to leave the U.S. market meant that privately held rooms PokerStars and Full Tilt Poker would grow to become the two largest online poker sites in existence.

The article reveals that Dikshit owns a 27% stake in Party Gaming and is the largest single shareholder. Ruth Parasol and Russ DeLeon each own 14%, but have not yet made any agreement with the U.S. Department of Justice similar to the one Dikshit may have struck. The Times also notes that Party Gaming, 888, and Sportingbet have all been in separate negotiations with the Department of Justice in order to clear the air legally with the United States Government. The ruling has the potential to set the precedent for the internet gambling industry, although whether the case is aimed specifically at online poker is not known.

At the time of writing, Party Gaming’s stock was trading at ₤138.75, up ₤3.75 at the last close. The stock has traded wildly between a range of ₤87.75 and ₤312.00 over the past 52 weeks. In September of 2006, just before the UIGEA was passed, the stock was sitting at ₤107. In a span of three weeks, it dropped precipitously to ₤29 as the UIGEA was passed into law on October 13, 2006. The company went public in 2005.

The Southern District Court of New York is located in White Plains, and Judge Jed S. Rakoff will ultimately decide Dikshit’s fate. It is not known if any jail time will be announced on Tuesday or when the ultimate decision will be handed down. According to the court’s website, Judge Rakoff makes his home in court room 14B.

PartyPoker recently revamped its rewards system and is gearing up for its Irish Poker Championship, a live tournament that will take place in Galway. Last year, Jude Ainsworth pocketed €180,000 for the win in the tournament, which will take run from January 2nd through 4th, 2009. PartyPoker is doling out $5,000 packages that include the $2,800 Main Event buy-in, $1,000 in spending cash, and accommodations that are worth $1,200. The Radisson Hotel Galway will host the tournament, which will feature Irish poker pro Padraig Parkinson, World Poker Tour Host and Poker News Daily contributor Mike Sexton, and David “Devilfish” Ulliott, who is the face behind popular online poker site Devilfish Poker.

Regarding possible prison time, the Financial Times explained, “He hopes the DoJ will recommend to Judge Jed Rakoff that, having gone voluntarily to the DoJ, he should not go to jail.” A statement released by Party Gaming to the London Stock Exchange on Tuesday added, “The Company believes that any such settlement is unlikely to include a criminal plea on the part of the Company or any director.” In addition, PartyGaming officials stated that Dikshit was likely to pay far less than the $300 million reported by the Financial Times.

Monday, December 15, 2008

POKER - 5 Players Busted !!

5 players busted more than 2 years ago aim to show luck not main factor in poker game
Men argue 'Hold 'em' is game of skill

Defendants and supporters in the gambling case crowd a hallway outside the municipal courtroom in Mount Pleasant in 2006. Five of the players are now trying to show that it was skill, not chance, they were relying on.
Previous story
Poker players' legal saga to go on, published 08/23/08
MOUNT PLEASANT — It's an argument as old as gambling itself: Is "Texas Hold 'em" poker primarily a game of chance or skill?
Five players busted by Mount Pleasant police more than two years ago have secured a court order allowing them, in essence, to argue the game hinges on talented human play — not the luck of the cards.
The distinction is key. If a town municipal judge agrees that "Hold 'em" relies sufficiently on wits, it could be a major boost in the players' quest to legalize a card game many people play privately around their kitchen tables.
But if he determines the game is dominated by chance, the players could be slapped with fines and convictions, setting the stage for long-term appeals.
"To my knowledge, the issue of whether skill or chance is the dominant factor in the game of poker has never been litigated with the presentation of evidence in the U.S.," said Greenville lawyer Jeff Phillips, an avid poker enthusiast and attorney for the five players.
The two-page document, signed last month, features an order from Municipal Court Judge J. Lawrence Duffy Jr. allowing the prosecution and the defense to present whatever evidence they wish in the long-running duel. They can offer testimony, call witnesses and provide other relevant evidence over whether "Texas Hold 'em" should be considered a game of chance under the state's definition of gaming and gambling.
The order covers only "Texas Hold 'em." No other form of cards is included, such as Black Jack, Stud, Omaha or other casual poker table games. It also allows Duffy to decide what weight "if any" to give to anything that's presented.
Phillips' argument is that the game of "Hold 'em" is more than dealing and simple card play.
"While there is no disputing that the element of chance is present in poker — as in everything else in life — there are numerous skills a poker player must rely upon in playing the game of poker that will determine whether that player is successful or not," he said.
Mount Pleasant town prosecutor Ira Grossman declined to comment, citing the ongoing legal issues surrounding the case. A court date hasn't been set, but it likely will be this winter.
The five defendants are the last of about two-dozen people cited during an April 2006 police raid on a private home on Glencoe Street. Authorities discovered that an organized "Texas Hold 'em" tournament was going on inside where the host was pocketing some of the table cash. Players at the house had learned of the game through an Internet invitation and paid a $20 "buy in."
Authorities have justified the raid on several fronts, saying illegal gambling was taking place, that the street was routinely clogged by local and out-of-area vehicles and that a quantity of drugs was seized.
Most of those cited already have pleaded guilty to their ticketed offenses and paid small fines. The five players remaining are the hold-outs in a case that has dragged on for months, arguably much longer than most others filed in Mount Pleasant's municipal court.
During a court hearing in August, Phillips said the charges should be tossed out because South Carolina's 200-year-old anti-card, anti-dice laws are too antiquated and vague for anyone to make sense of today. For example, the law mentions aged games, including roly-poley, rouge et noir and draughts.
He also argued the home that hosted the game wasn't an illegal casino or a public house of gaming, as is mentioned in the state's anti-gambling laws.

Poker King hits $ 1 Mill Jackpot !

A professional poker player from Belfast is celebrating after scooping the $1m jackpot at a tournament in London at the weekend.

Marty Smyth has earned more than $3.5m throughout his card playing career but claiming the top spot in the Ladbrokes Poker Million VII is his biggest win so far.

It was an unlikely victory, as he had to claw his way back into the reckoning after making a disastrous start to the championship.

"I got off to a bad start - I played a big hand and thought I was winning but it turns out I wasn't," he said.

"At that stage, bookmakers were offering odds of 66/1."

Four of the six players who reached the televised final were Irish, and Mr Smyth admits the cards fell nicely for him as he saw off their challenge.

"Poker is a mixture of skill and luck - I like to think I played quite well but certainly after that big hand lots of things went my way," he said.

Although Mr Smyth is a professional gambler, he said there was no chance of him squandering his winnings in a hurry.

"I'm fairly sensible - I've enjoyed a lot of success in the last couple of years, but I'm aware that might not be the case forever," he said.

"Any time I get a big win like this, I try to be sensible with it and invest the lion's share of it."

Sunday, December 14, 2008

UFC : ULTIMATE FIGHTER 8 FINALE RESULTS !!

ROLI DELGADO VS. JOHN POLAKOWSKI

Round 1 - Small crowd to start the evening. Slow pace to open the fight. Polakowski works the fight briefly to the mat, but it is quickly back up. Working in the clinch, Polakowski eats a shot and drops. Delgado works to side control, but offers little offense. Delgado takes the back and looks to sink in a choke. Polakowski defends and stands, but the round comes to an end. MMAjunkie.com scores it for Delgado, 10-9.

Round 2 - Delgado shoots in unsuccessfully. A second attempt also fails, but Delgado grabs a leg. No submission, but the fight does got to the floor where Polakowski works from guard. Slow pace again from ground. Polakowski looks to get to his feet but is trapped in a guillotine. Polakowski taps. Roli Delgado def. John Polakowski via submission (guillotine choke) -- Round 2, 2:18.

SHANE NELSON VS. GEORGE ROOP

Round 1 - Fast-paced start. Nothing scoring, though. A clinch, and Roop works it to the mat. Nelson works to the back and looks for the choke quickly. Nelson continues to work for the choke, but can't secure it. Slow action, and the crowd voices its displeasure. Roop finally scrambles out and the round ends. MMAjunkie.com scores it for Nelson, 10-9.

Round 2 - Nelson looks to take it to the ground early. Finally gets the takedown and works to side control. Nelson works some ground and pound then switches to mount. Roop taking damage on the bottom. Roop tries to stand and is caught in a guillotine. Roop remains calm and works free. Back on the feet, and Roop lands a few shots but the round closes. MMAjunkie.com sees it again for Nelson, 10-9.

Round 3 - Roop comes out aggressively with punches and kicks, but again nothing scores. Roop pushes Nelson against the cage and scores a takedown. Roop lets Nelson stand. A few punches score from each fighter, and Roop takes it to the mat again. Little offense, and Roop stands again. Nelson scores a takedown as time winds down, but there is not enough time to utilize it. MMAjunkie.com scores it for Roop 10-9, but the fight for Nelson 29-28. Shane Nelson def. George Roop via split decision (29-28, 28-29, 29-28).

KYLE KINGSBURY VS. TOM LAWLOR

Round 1 - Despite a pro-Kingsbury crowd, Lawlor shoots in early for the takedown. Kingsbury back up, but Lawlor is right back on him with a takedown. Kingsbury pulls guard, and Lawlor works to land punches form the top. Kingsbury working his leg up for a submission attempt, but is unsuccessful. Lawlor lands more shots, but the crowd is unhappy with the action. Tough round to call, but MMAjunkie.com sees it for Lawlor, 10-9.

Round 2 - Lawlor shoots in again. Kingsbury scrambles back to his feet. Lawlor shoots back in again quickly, then moves to side control. Kingsbury scrambles out and back to his feet, but Lawlor again works it to the floor. Kingsbury works from guard, and Lawlor is again scoring from the top. Failed kimura by Kingsbury before the round closes. MMAjunkie.com gives it to Lawlor again, 10-9.

Round 3 - Kingsbury opens aggressively, but Lawlor again shoots in. Kingsbury again scrambles up, but the pattern has been established. Kingsbury is beginning to utilize his hands a lot more frequently. Lawlor continues to shoot in, but Kingsbury is successfully sprawling and brawling. Lawlor continue to push forward, though, and earns the takedown as the round ends. MMAjunkie.com sees the round for Kingsbury, but the fight for Lawlor, 29-29. Tom Lawlor def. Kyle Kingsbury via unanimous decision (29-28, 29-28, 29-28).

JULES BRUCHEZ VS. ELIOT MARSHALL

Round 1 - Marshall scores with a stiff right early. Marshall pushes forward and slams Bruchez to the mat. Marshal switches quickly to side control, and Bruchez rolls. Marshall sinks in the choke, tightening after a some struggle. Bruchez forced to tap. Eliot Marshall def. Jules Bruchez via submission (rear-naked choke) -- Round 1, 1:27.

SHANE PRIMM VS. KRZYSZTOF SOSZYNSKI

Round 1 - Soszynski opens quickly with punches. Primm looks shaken, but scores a takedown. Soszynski works back to his feet, but has to defend the takedown again. Soszynski scores with punches again, then defends another shot. Soszynski pounces on the prone Primm and works for a kimura. Another flurry from Soszynski to end the round. MMAjunkie.com sees it for Soszynski, 10-9.

Round 2 - Soszynski agains cores with a punch to start. The two trade, but nothing scores. Primm again shoots in. Soszynski defends, but transitions to the floor. Soszynski works a kimura -- unsuccessfully to start, but then tight. Primm must tap. Soszynski appears to be thinking, "I've got jiu-jitsu, too, baby," but MMAjunkie.com can not confirm that possibility. Krzysztof Soszynski def. Shane Primm via submission (kimura) -- Round 2, 3:27.

JUNIE BROWNING VS. DAVE KAPLAN

Round 1 - "The Lunatic" versus "Diamond" Dave is underway. A touch of gloves to start. Kaplan takes the center of the cage. Browning immediately catches Kaplan right on the protective gear, but we get a quick restart. Browning throws a combo of punches and kicks, and both are trading shots. Browning scores with his hands, then lands a solid knee. Browning slips and Kaplan grabs a leg. Browning signals he's OK. Kaplan's left eye bleeding badly. Browning passes and takes the back, but Kaplan rolls out and stands. Browning scores a knee from the clinch, then backs away. Browning peppering Kaplan with punches and kicks at different levels. Kaplan pushes forward behind a solid straight of his own, then drops for a leg a second time. It misses, and Browning is now on top of Kaplan. Action slows momentarily with Browning in side control. Kaplan rolls, but Browning takes his back and sinks in a rear-naked choke. Kaplan defends and reverses out to the top position. Browning stands and Kaplan lands a few knees inside. Browning answers with an elbow, and the round closes in the clinch. MMAjunkie.com sees it for Browning, 10-9.

Round 2 - Kaplan takes the center of the octagon again. Browning shoots in works in Kaplan's half-guard. Kaplan holds Browning close, and little damage is done. Browning passes to side control, then transitions quickly to an arm bar forcing the tap. Junie Browning def. David Kaplan via submission (arm bar) -- Round 2, 1:32.

WILSON GOUVEIA VS. JASON MACDONALD

Round 1 - Gouveia throws a right hand, but MacDonald shoots underneath. Gouveia defends well, but MacDonald persists. Gouveia kicks him off and stands. Working from the clinch, MacDonald throws inside knees until Gouveia pushes away. Fighters trade low kicks, then hands. Gouveia catches MacDonald with a few straight punches. Gouveia pounces on the downed MacDonald and throws a barrage of elbows. MacDonald's forehead is cut open as the onslaught continues. The blows are too much, and the fight is stopped. Wilson Gouveia def. Jason MacDonald via submission (strikes) -- Round 1, 2:18.

KEVIN BURNS VS. ANTHONY JOHNSON

Round 1 - Quick strikes exchanged early. Burns lands a kick to the body, then a jab. Johnson answers with a left hand. Fast pace early, and both are scoring with their hands. Johnson shoots in and Burns pulls guard. Burns works his legs up, but Johnson stands then scores with a big punch as he slides to side control. Burns secures Johnson's right arm with his legs, then a triangle choke. Johnson stays calm and slides out of the hold and back to Burns' guard. Johnson throws a few big punches, but they do not land square. Burns stands the fight after a stalemate. Burns lands a right hand, then Johnson does the same. Burns is dropped, and Johnson scores with leg kicks. Big flurry by both to finish. Close round, but MMAjunkie.com sees it for Johnson, 10-9.

Round 2 - Crisp striking again to start by both. Johnson shoots a single leg, but Burns defends. Johnson twists and earns the takedown. Burns locks in a kimura, but loses it when he looks to crank the arm. Johnson works from Burns' half-guard, then guard. Johnson lands a few elbows, one heavier than the rest. Burns throws a few elbows from the bottom, then works his legs high on Johnson's back. Nothing there, and the two slide away from the cage. Johnson scores more with the ground and pound, but the pace is moderate. The fight continues with Burns in a closed guard and Johnson landing moderate shots from the top. Burns throws up a leg to look for a triangle, but Johnson slides out, Burns regains guard then rolls for an arm. Johnson scores again from the top, and the bout finishes in the position. MMAjunkie.com gives it again to Johnson, 10-9.

Round 3 - Johnson scores a few leg kicks to open, then Burns throws a few hands. A big left kick to the head scores for Johnson, and Burns is out. Anthony Johnson def. Kevin Burns via knockout (kick) -- Round 3, 0:28.

RYAN BADER VS. VINNY MAGALHAES

Round 1 - Bader starts with a low kick, Magalhaes answers to the body. Both trade hands. Magalhaes lands another kick to the body. Bader scores with a punch. A brief clinch, but the two break apart. Bader slips after a kick, but Magalhaes can't capitalize. Moderate, cautious pace by both. Bader works punches from the outside. Big right overhand punch drops Magalhaes, and Magalhaes is down. A few punches follow to leave no doubt. Ryan Bader def. Vinny Magalhaes via KO (punches) -- Round 1, 2:18

EFRAIN ESCUDERO VS. PHILLIPE NOVER

Round 1 - Nover starts with a high kick that is blocked. Nover shoots in behind a right hand, but Escudero ends up in top position. Nover pulls guard, and Escudero stands. Escudero lands a solid right hand and takes Nover's back. Escudero looks to sink in a choke, and controls Nover with both hooks secure. Escudero switches to mount, then lands a few heavy shots. Escudero stands and pounds a few leg kicks. Escudero moves in but gets trapped in a near-triangle position. Nover keeps control, and tries to roll to the back. Slick transitions as Nover misses a standing kimura. Escudero immediately brings the bout back to the mat. Nover moves the leg up and Escudero stands. Escudero again scores a takedown and lands a big right hand, falling into Nover's half-guard. Escudero stands and throws kicks to the legs of a downed Nover. Escudero allows Nover to stand. As time winds down the fighters work from the clinch. MMAjunkie.com sees it for Escudero, 10-9.

Round 2 - Nover swings wildly, but Escudero again brings it to the floor. Escudero is in side control. Escudero stands and again throws kicks to the legs. Nover misses slightly with an upkick. The two stand and clinch. Both trade knees inside. Nover lands a right as the two push away. Escudero lands a few inside leg kicks, then clinches as Nover charges. Nover sinks a guillotine from the standing position, but releases it as the two hit the floor. Escudero on top from Nover's half-guard. Nover holds his opponent close, but Escudero remains active enough with punches to the head and body to avoid a stand-up. Nover tries to grab a leg as Escudero stands, and a spirited exchange ends the round. It's another round for Escudero in MMAjunkie.com's eyes, 10-9.

Round 3 - Nover opens with a few kciks, then scores a nice right hand. Escudero immediately takes the fight to the floor, then stands and throws kicks. Nover quickly stands as well. Nover throws a combination but Escudero ducks out of the way. Nover looks as if he's starting to time Escudero, but the blows are only glancing. Escudero again works to the mat. Nover pulls a closed guard, then looks to utilize the rubber guard. Nover has a near omo plata, but Escudero is keeping his head to the mat. Nover is throwing elbows to Escudero's arm and head while trying to finish the position. Nover has the submission briefly, but rolls out. Nover stands and Escudero looks to keep him away with up kicks. Nover in side control, and the round ends. MMAjunkie.com awards the final round to Nover, but the fight to Escudero, 29-28. Efrain Escudero def. Phillipe Nover via unanimous decision (29-28, 29-28, 29-28).