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Tuesday 26th of September 2017

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James Grosjean

James Grosjean started with playing blackjack during his studies days at the University of Chicago. It did not take him long to find out that he possessed the mathematical skills to constantly beat the dealers. He immediately started to document his experiences and in 2000 he wrote :
Beyond Counting: Exploiting Casino Games from Blackjack to Video Poker , one of the most popular Blackjack standard works of this century. The calculations in this book are easy to perform and invite readers to apply them in different situations. It is a comprehensive book that is best understood by people who are not blessed with a gift for mathematics.

Besides respected blackjack player and author, Grosjean is also known for championing the rights of blackjack players. He got arrested several times on suspicion of card counting. He claims that he was beaten up and successfully filed lawsuits against Imperial Palace and Caesar’s Palace casinos. He is a true hero within the world of Blackjack. In 2006 he became the youngest players ever to be awarded a spot in the Blackjack hall of Fame.

42nd WSOP generating new renowned names

One-month into the 42nd year of the WSOP many players made their name or have played up to their reputation, taking on the coveted WSOP bracelets and showing everyone that poker really is a great game of great skill. Amongst the awarded ones is also Bertrand "ElkY" Grospellier who won $331,639 in the $10,000 Seven Card Stud Championship, Jake Cody who won the $25,000 Heads-Up Championship; further, of course, there is Poker Brat Phil Hellmuth who so far has not managed to snatch a bracelet, however, was by a hair’s distance from it in Event no. 12. Nobody is in doubt about his ability to live up to his reputation and make a nice victory in some of the upcoming events. In the meantime, you can buy some of his Poker Brat branded clothes to express your support to one of the biggest poker pros of all time who made business of the card game in many different ways.

Poker Site Shares Soar In UK After DOJ Shutdown In US?

Bwin.Party shares have increased by 30%, Playtech which provides the iPoker Network have seen shares increase 8% and 888 Holdings has received a massive 19% increase in share price; which is just the credibility injection they needed. These three online gambling and poker companies are bearing the fruits of the fact that investors are banking on them landing some high value poker business from the US. This includes affiliates, payment processors and high rollers as well as other business, as players swap allegiance from PokerStars, Full Tilt, Ultimate Bet and Absolute Poker, following US DOJ action against these American poker sites.

Will PokerStars be able to pull through from the loss of business - we don't see how they can't? I personally haven't seen less than 90 000 players simultaneously on this site since the shutdown. As I look at the site right this very moment - there are 188 338 player online simultaneously and 5 717 tournaments playing. One wonders have investors actually taken the time to have a close look at what is happening at this site for one? The shut-down and reopening seems to barely have touched sides! Are there really big wins happening for European companies which do not operate in the US, or is this pure investor speculation - a market overshoot?

Geetanjali Sharma - analyst from Execution Noble has said that US-facing online poker operators have drained profitability from European operators and their liquidity also drew non-US poker players. But again nothing seems to have changed very much with regards to the numbers at the site - particularly in the case of PokerStars where this data is all available on the home page for all of us to see. While I realize that some of the players online, must be there to withdraw funds; the fact that there is nearly 6 000 tournaments playing, meaning players are still putting their money into this game.

In the online poker world the more players at a site, the bigger the prize pots are; as more players = more liquidity. Nearly 200 000 players simultaneously is not an amount even an 800 pound gorilla such as PokerStars can sneeze at; this is a huge amount! What I cannot see is that players are being driven to European facing rival sites - not in the face of the numbers PokerStars is displaying. As far as FullTilt is concerned I don't seem to be able to easily access the amount of poker players online, but then I also don't have a previous knowledge of how many were online before the shutdown. A soar in share price is really confusing news.

In not so confusing news and live UK poker, Alan Mansbridge, a London taxi driver has won the Grosvenor UK Poker Tour Walsall main event. With a buy-in of £1,000 they were dealing in some pretty big money, and although this player was into the game; short-stacked and was not counting on his chances - he still beat 171 opponents to the top prize of £50,000. Apparently he was so unsure of his chances; that he never bothered booking a hotel room for the following night.

Online Poker Player Wins His First World Series of Poker Gold Bracelet

It has been touch and go for many US online poker players since the 15th April 2011 – the day these professionals and other industry players are referring to as Black Friday. On this day the US Department of Justice closed down PokerStars, FullTilt, and a few of the other larger online poker sites, still offering pay for play games to professional players in the United States.

We have also just heard that although PokerStars and FullTilt were back up and running within days, the Alderney license of FullTilt has now been suspended and this site is no longer operating even for UK and European facing players.

For Justin Pechie things have turned out a little better than for many other online poker pros, and he recently transferred his online skills into the live poker playing community successfully. This online poker pro won his first ever WSOP Gold Bracelet playing in the recent $1,500 buy-in Limit Hold’em Shootout championship final. The 26 year old thought he would go out to Las Vegas for a month before making a decision regarding his on line poker career, and he just won $167 000 as well as the bracelet and title.

The latest member of the WSOP elite had to beat out a field of 538 fellow players to get the title and bracelet under his belt. For a young man who has only been playing poker for 6 years, this is really quite a good feat. We do have to remember that online poker players tend to realise good results sooner than traditional players of this game, but Pechie still has to make a life changing decision also, as to whether he will need to relocate to continue his online poker career.

Even more supporting argument for regulation of online poker

The 1.2 million-member Poker Player Alliance is the organisation that lobbies for legalisation and regulation of online poker in the United States and, after the crackdown on big online poker operators, has been publishing figures and facts supporting the argument that legalising and regulating this card game online would be much more beneficial than prohibition. As evidence, the Alliance interviewed Brian Mogefelsky, a professional player and a father of two for whom online poker meant the way of winning bread for his whole family. Whilst professional poker players might have been making nice earnings, all of a sudden they have practically nothing. About 50,000 professionals are now experiencing this rapid plunge. Experts are now also comparing poker to trading on the stock exchange and say that brokers conclude much riskier deals and make much riskier decision on a daily basis than most poker professionals do – which renders the argument that this profession is risky and thus it is not good to expose children to the fact that making a living through playing cards is possible, somehow meaningless.

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