Considered by many to be the "The Godfather of Poker" Doyle Brunson for more than 30 years has been the poker pro. The story teller has just published an autobiography delivering a very interesting read about the characters involved in the game and the passion with which it is played. The book demonstrates the psychology of devoted players and the codes of conduct they live by. Brunson grew up on a cotton farm in Texas and was a high school and college athlete of some note. He earned a master's degree in administrative education and business administration. He took a job selling Burroughs' business machines and while trying to flog one to a pool hall he found a poker game in the back room. "I sat in and cleared a month's salary in less than three hours," wrote Brunson. "I didn't need one of Burroughs' machines to tell me those numbers didn't add up. So I quit."

Mr. Brunson has had a variety of things happen to him in his life that he writes about with certain enthusiasm. He at one time organized Bible study classes that drew high-stakes players away from their big games. He built a Christian television station and even helped fund an archaeological expedition seeking Noah's ark, and along the way he became a student of the Scriptures. This book is a collaboration that took over five years to complete with Mike Cochran, a respected Texas journalist, who has known Doyle since their college days together. Las Vegas-based Cardoza Publishing Co. acquired rights to Brunson's first book, which was re titled as "Doyle Brunson's Super System". Cardoza became the original publisher of "Super System 2," a sequel with additional authors discussing newer games, and three other books by Brunson. Avery Cardoza is thought to have published more gambling books than anybody else in the world. "I wanted to do it because it would be a landmark book about one of the most interesting men of the century, a link to the bygone days of wild west poker," he said, "The story of modern poker pretty much follows the story of Doyle Brunson. He was important to the World Series of Poker; he was important to online poker. In fact, if Doyle didn't get born, modern poker doesn't happen."

 

 

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The current sports minister for the UK, Gerry Sutcliffe has recently announced new regulations for the online gambling industry. His government feels that the offshore gambling operators aren't contributing enough to the countries tax base and wants to change that.

Land based Bingo operations have been outspoken about the need for change with their argument being that they are taxed high at 15 percent and have to submit to rules that offshore operators do not. The new regulations as suggested will level the playing field in the bingo industry having offshore operators pay their share. A collective effort is to be made to bring these two sectors together in order to find finding for research and education for those who are vulnerable, those who have problems with gambling, and to protect the youth of the country. All these things have been funded by the land based groups with little or no input from the offshore gambling industry.

The new regulations are aimed at restricting advertising by online out of country outfits who have enjoyed a free ride in the U.K thus far. Without advertising in the U.K. offshore gambling will not be able to maintain a competitive edge or develop larger customer bases. A few U.K. book makers have already left the country to find the greener pastures in Europe where the taxes are less and regulations fewer. They have been essentially raiding the consumer base without having to contribute financially to the U.K. something that the new rules will put an end too, licences will be required to advertise in the U.K. Most insider believe this move will shake up the online gambling industry in Europe with the possibility that an argument will come from them via the European Commission. It is expected that the new regulations in the U.K. may violate E.U. rules of free trade within the union causing more debate and discussion.

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The state Senate Regulated Industries Committee is scheduled on January 19th 2010 to receive a report prepared by the Florida state legislature's Office of Program Policy & Government Analysis (OPPAGA) reviewing the regulations both good and bad of the online gambling industry. Florida's need to meet it's budget shortfalls prompted the review by the organization which began it's study last year. Legislators in Florida's house of representatives looked at the content in the report which contains advantages and disadvantages of the current regulatory status. State priorities are being considered by officials that must decide whether to stay with the federal level regulations which are at this stage in debate or to be proactive and make their own rules for internet gambling and in particular poker on the web. Law makers in Florida realize that should they choose to ban all forms of online gambling in the state, enforcement becomes an issue with it's own complexities and costs. Today the people of America already gamble online and playing poker on the web is a major past time of many Americans. Considering the amount of revenue that could be generated by the regulation of the games, Florida would do very well to at the very least allow online poker to be legal in the Sunshine State. It will be interesting to see whether the review has come to any new conclusions as to the financial benefits of regulation than previously stated: "...at this time no objective estimates exist to assess potential state revenues." The Poker Voters of America organisation estimated that as much as $90 million a year could be had from legalised online poker. This is a debate that is raging on in many parts of the USA where lawmakers have come to see that the money spent online gambling is going to companies that are operating offshore where there is no local benefit to be gained.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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The Betting Channel has finally come of age in the U.K. with support from the Satellite Information Services company who are outside broadcast production providers for the British Broadcasting Corporation. Live streaming of the new dedicated multi sports wagering television service will begin via The Betting Channel.tv initially for a few hours a day in the morning six days a week. The channel does have plans to extend the programming to six hours per day. Satellite Information Services will build the technological aspect of the channel while content and scope is expanded by the Betting Channel delivering information to bookmakers and those who want to wager.

Alan Bentley the former Sky Sports and Liverpool TV anchor man has been developing this concept for a few years now. He has, since creating his own production house back in 2001 been dreaming of an online informative and entertaining platform for comment and current updated odds. Bentley co hosts with Simone Thomas the live show from the London studio. Regular appearances by sports journalists including Alan Brazil, The Racing Post’s Mark ‘Couch’ Winstanley and former Arsenal hero Perry Groves are scheduled. This early initiative is just the beginning of the interactive TV Betting Channel with plans for an affiliate program, mobile content syndication, and a upgrade of the channel's web site.

Bentley commented, “After such a long time spent working on this project it’s a very exciting time for the whole team and me personally,” adding, “We believe the immediacy of our offering will prove attractive because punters will be able to obtain continually updated sports news and odds as soon as the news breaks. And by using an internet platform to broadcast we offer an immediate global reach." Watching the Betting Channel grow is going to be an interesting experience for those keeping track of the latest sport betting action. Live and immediate knowledge with opinions from professionals is going to provide bettors with an inside edge.

 

 

 

 

 



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The ever popular PokerStars Caribbean Adventure came to a dramatic end recently with William Reynolds taking home the $576,240 first-place prize money. After taking nine hours to complete the final table Reynolds made the grade over eight other players in the Atlantis Resort and Hotel on the NAPT final table. Nearly $1.7 million USD was at stake and all the final table players were hoping to win it.

Tobias Reinkemeier was the front runner in the crowd at the start with over one million in his kit. Reinkemeier increases his lead after dismissing Dimitry Stelmak in eighth place. Then Matt Marafoti was sent out from seventh place after losing a flip to Reynolds. The remaining six players settled into a quiet ride, until Will Molson challenged Reinkemeier in a sizable prize. Molson held against Reinkemeier saving Molson from his ultimate end and giving him the chip lead.  The leader Reinkemeier lost it in sixth place when his pocket eights ran into Reynolds' pocket kings. Lisa Hamilton and Michiel Brummelhuis fought it out for additional drama, until Hamilton lost to Molson. Adolfo Vaeza busted in third place with Brummelhuis coming in fourth. It was set for Molson and Reynolds to go head to head, the second time for Molson at the High Roller Event.

Bertrand "ElkY" Grospellier took second place at the event last year with a $228,000 prize. This year's second prize was at least a hundred thousand dollars more than that.

Reynolds had the lead when the tournament began with 2.45 million compared with Molson's 1.75 million. It a grand final the two had a massive all in confrontation. The final hand came over three hours after the start of the one on one action. Earning well over half a million dollars Reynolds held his trophy high, noting he had worked hard for the prize and earned the title of the PCA High Roller Event honestly.

 

 

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Mahjong is a very popular game in the Asian gaming community. It has been an extremely successful pastime engaging a huge number of participants on the most viewed social network Facebook. It has the debated reputation of being the game that is played the most often in Asia, known as a “kitchen table game” played by friends and families. It is often played with wagering involved where sometimes large money is placed on the results of a game. The social similarities have been noted by gaming experts that say Majong is like Poker in America, it’s a home grown game with local roots. Other similarities are pointed out in that Poker and Majong are both games of skill and luck. Adriaan Brink the Chief Executive Officer of Majong Club announced today that it had purchased the popular Facebook game “World Mahjong Tour”. The application provides a multiplayer mahjong game available within social networks including Facebook. Mr.Brink said, “We are very excited by this development, as it is an important part of our strategy to be the number one destination for multiplayer Mahjong on the internet. We intend to significantly enhance the Facebook game, while also offering the great game play and tournaments on the download version available on the website.” adding, “Zynga have shown the world that there is a market for free-play games on these social networks. Our goal is to bring these concepts to the Mahjong Players on Facebook and other social networks.” Adriaan Brink has a sterling reputation as the previous CEO of Mahjong Mania, a Dynasty Gaming company, from 2004 to 2007. He was successful in launching Mahjong on a number of internet sites including Ladbrokes. Will Majong take over poker in popularity race for online games? That’s an issue that gaming operators are watching closely hedging bets that the huge Asian market will be an obvious choice.

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The two week Australian Open produced by the not for profit federation Tennis Australia will receive a percentage of wagers placed through online betting firm Betfair. it starts January 18 in Melbourne.

Officials of the Grand Slam tournament and Betfair report the sum of money the Open makes from the sponsorship deal is very small. This is the closest commercial link between betting and a sport that has been under the watchful eye of the Tennis Integrity Unit, for suspicious wagering activity.

Simon Chadwick, a professor of sport business strategy and marketing at Coventry University Business School in England commented on the arrangement, ''You're opening yourself up to allegations from the general public that you're condoning online gambling or are complicit in online gambling scandals,'' adding, ''You have to make sure that the public knows everything is monitored very carefully.'' Andrew Twaits, CEO for Hobart-based Betfair Australia, said, ''The key to managing integrity is giving the relevant authorities complete access,'' and, ''Everything is out in the open.''

At a news conference in Adelaide Australia recently, eight-time Grand Slam singles champion John McEnroe stated, ''If you were one of these guys who wants to try to fix a sporting event, it would probably be easier for you to get one person rather than say 10 people if you were playing a cricket match or soccer game or something. So that's a huge concern.''

Promotion by Betfair began last year at stadiums and now fans will be able to sign up for Betfair accounts at the event but won't be able to bet on the Open. The sponsorship deal does not give Betfair courtside signs.

Steve Wood, CEO for the tournament said, revenue for the Australian Open is forecast to grow to $152 million this year, up from $84 million in 2005. He added, ''We're not immune to the world economy,'' Wood said in an interview. ''We've had our challenges, but we're navigating through them.'' This move is one that is one that is sure to draw considerable criticism.

 

 

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Realex Payments is a leading European payment service provider. With offices in Dublin, Ireland, and Hammersmith, London, the company has an exceptional track record especially in terms of expansion. Founded in 2000, by Colm Lyon, the company provides a broad range of payment services to small and large businesses as well as other financial institutions.
Realex Payments processes transactions amounting to billions of euros every year for a variety of merchants both domestically and internationally. Servicing a wide range of industries including airlines, mobile carriers, utilities, insurance firms and gambling operations. Cryptologic the well known now Irish software developer and provider for the gaming industry has signed a three year deal with Realex to supply processing services for Cryptologic's growing customer base. Realex Payments has an impressive list of clients including Virgin Atlantic, Vodafone and online gaming firm Party Poker. It will reportedly custom fit it's services for Cryptologic to provide increased functionality and additional capacity, across a variety of currencies, regions and cards.

Cryptologic's head of finance, Kieron Nolan, commented, “Although we had a very tight deadline and an extensive wish list of specific requirements, Realex was able to implement the solution quickly and efficiently, meeting our demands in the timeframe required. As well as providing an impressive cost-effective solution, Realex offered a high level of support and consultancy.
Compared with other solutions on the market, the Realex technology and operational approach is far more advanced, modern and fitting to our needs. We receive concise and easy-to-follow monthly reports and we always deal with a very professional, prompt and responsive dedicated account manager.”

Colm Lyon CEO of Realex Payments, said, “We are delighted to announce this deal with Cryptologic. They are a dynamic, fast growing company, who like Realex Payments focus on delivering innovation to their clients.” This move by Cryptologic paves the way for future expansion with added security and capacity ready to respond.

 

 

 

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Microgaming the online gambling software developer from the Isle of Man and it's Microgaming Poker Network has announced it will no longer produce reports that rely on Data Mining for it's content. Members of the poker network have been advised that the practice will be ended immediately. Measures to back the company's assertions include moves to stop the storage of hand histories on observed tables on the computers of players, and the practice of downloading and storing hand histories in bulk quantities. It was suggested by a firm spokesperson that what used to be useful in creating knowledge of the weaknesses in a player's game has now turned to a tool with which a person with the most information can exploit those weaknesses and have an advantage over the weaker player.

Head of Microgaming's poker operations, Andrew Clucas, said, “Concern has been rising over the long-term effect of third party software upon the poker industry as a whole, and in particular the negative effect it has on the recreational player demographic. The decision to put a stop to the practice of data mining on our poker network is part of Microgaming’s overarching network strategy to support operators in attracting and retaining recreational players." Mr. Clucas added, "It further demonstrates commitment in providing a secure and fair playing environment. What we are trying to achieve is a more level playing field for all the players.” Microgaming's contribution to the online gambling industry is huge and anything this company initiates is sure to be followed by like moves from other poker networks wishing to stay ahead of the competition. These measures are not there to penalize the winning players but to make the games fair and reasonable to everyone, winners and losers alike. Microgaming changed its rake allocation method from Average Contribution to Weighted Contribution, recently in a move to get Microgaming's licensees to promote the attraction of more recreational players to the fold.

 

 

 

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Kiplinger a Washington, D.C. USA based publisher of business forecasts and personal finance advice, available in print, on line, audio, video and software products has a new tack on investing, the Texas Holdem Investing concept. This concept is new to many but as articles published by the magazine which appears each Sunday in The Washington Post and online everyday suggests with firm resolve that poker and especially Texas Holdem is just like real money investment banking. Comprehensive Kiplinger articles discuss the merits of using “free” poker to learn to invest and how this is at odds with a core part of the Texas Holdem Investing idea, learning to invest by playing poker with real money at risk. One article describes why Texas Holdem is the closest form of gambling games to investing because players with greater skill levels will generally “outperform the market” compared to less skilled players. Frank Murtha states that the goal of Texas Holdem is “to accumulate capital based on decisions with imperfect information” which is a very close description of investing. It goes on to describe how the various phases of Texas Holdem are similar to the various stages of an investment decision. Evaluation of your starting hand for example is similar to reviewing the investment opportunities available to you. The small and big blinds are an analogy for your costs of an information and investing platform. It states that making a bet is similar to making an actual investment and then the investment "flop" begins when a review of your investments comes due with the advent of new but incomplete information. If you are still with a particular investment at the turn and river stage then it should be a very good security because you by now are firmly committed with a fair chunk of your capital. Every element of Texas Holdem poker can be related to the investment game. Risking capital new or old is based on information and minimizing risk is part of the skill in both poker playing and investing. While it is not totally necessary to play poker with real money playing for real creates both fear and elation and both of these kinds of thinking can affect your decision making performance.

 

 

 

 

 

 

 

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