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• Online Poker Weekend Results

PokerStars Sunday Million

PokerStars had 2,617 entrants for this weekends Sunday Million producing a prize pool of $1,308,500. PokerStars awarded first place winner ‘SlippyJacks’ $240,633. PokerStars ended up paying 414 places were paid. ‘SlippyJacks’ is really Chris Vaughn who as ‘BluffMagCV’ won the FullTilt $1,000,000 Guarantee last weekend. Quite an accomplishment for Chris two straight wins in one million guarantees. ‘SlippyJacks’ beat ‘blanconegro’ heads up when he hit a flush on the turn on the final hand. ‘blanconegro’ needed one more diamond on the River and he would have hit the nut flush. Here is what the Final Table looked like:

1st: SlippyJacks — $240,633.15
2nd: blanconegro — $122,344.75
3rd: forcewithme9 — $80,996.15
4th: PerPer — $66,733.50
5th: yeamanyeaman — $53,648.50
6th: LuckyLady519 — $40,563.50
7th: domingo32 — $28,525.30
8th: MrKorvOla — $18,057.30
9th: Hasn82 — $10,468

FullTilt $750,000 Guaranteed

FullTilt had 3,734 players so they came up short of the Guaranteed prize pool and had to contribute $3,200 to the pool. First Place winner received $132,787 of the prize pool. FullTilt paid 522 places of the tournament. Heads up came down to  ’mSobeJim’ and ‘moneytree09′ going head to head. ‘mSobeJim’ outlasted ‘moneytree09′ to take home the $132,787 in prize money. FullTilt sponsored players included Ram Vaswani finishing 192nd, Chip Jett 233rd, Karina Jett 295 and Chris Ferguson 399th. The FullTilt Final Table looked like this:

1st: mSobeJim — $132,787.50
2nd: moneytree09 — $80,250
3rd: FastEddie267 — $52,500
4th: rash123 — $41,400
5th: OneOfTheseDays — 31,050
6th: tsarrast — $23,025
7th: Dasassassin — $17,250
8th: NewSeptember — $13,500
9th: Frenchie64 — $10,050

PartyPoker $300,000 Guaranteed

PartyPoker had 1,483 players this weekend and had to provide $3,400 to get the prize pool to $300,000. First Place was awarded $60,000 and PartyPoker paid 200 places. Two players, ‘bagetak’ and ‘tibzen’ chopped 1st and 2nd place with ‘bagetak’ getting 1st place in the standings. Here is how the Final Table looked:

1st: bagetak — $46,842.25
2nd: tibzen — $46,157.76
3rd: tipexmum — $20,700
4th: ISplashFunds — $16,350
5th: connieoffski — $13,800
6th: CatenaccioMS — $10,350
7th: Mariatik — $7,950
8th: Ananasbrus — $5,250
9th: lullipoker — $4,050
10th: redragon63 — $2,850

If you want to see my previous Online Poker Weekend Stories

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• Absolute Poker Hacking - More to the Story

The online world is full of so much about the recent story regarding the hacking of Absolute Poker by a high ranking ‘Consultant’ of Absolute Poker. One prominent Internet rumour is that the Absolute Poker situation has been ongoing for three years. The same Internet posting says the amount of money stolen could be as much a $7 million. Another posting says that Absolute Poker security suspected trouble but was informed it was the owners testing the system and to ‘pay no attention to the man behind the curtain’. Ok so I stole that from the Wizard of Oz but the concept is the same. Everywhere you look are stories about AJ Green and Scott Tom. Pictures of Gambling911.com reporter Jenny Woo with AJ Green the suspected Potripper back in 2005. Jenny felt the need to come out and apologize in this post. I have seen Internet posts calling this Absolute Poker situation the biggest scandal ever to hit the Online Poker Industry. Reportedly ESPN is doing a major expose on the Absolute Poker hacking. ‘Pokergate’ is on so many forums and blogs you could spent way too much time just searching for information on the scandal. The statement sent out earlier this week by Absolute Poker discussed the investigations that are ongoing. Audits are being completed to determine exactly how much money was won by Potripper and any additional suspects. Absolute Poker has promised refunds plus interest to all players victimized by the scandal and the offered $500 voucher if their name was disclosed inappropriately. Again reportedly Absolute Poker is still bringing in $1.5 and $2.0 million a day in gross revenues. The story seems to just keep on going and going with the Online Player community. Your ‘Dead Money’ blogger saw all the rumours for the last month but couldn’t believe it. Here are my posts regarding the Absolute Poker trouble.

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• Absolute Poker Releases Statement

Owner of Tokwiro Enterprises ENRG, which controls 100% of Absolute Poker, Joe Norton sent out a statement regarding the Hacking of Absolute Poker. Norton informs the recipients of the notice of a ‘Internal Security Breach for a limited period of time’. The breach according to Norton was committed by a high ranking trusted consultant with extraordinary access to security systems of Absolute Poker. Norton continues with the notice to AP customers by telling them that the consultant was immediately terminated.  Norton promises all players that were cheated by the hacker will be repaid for all losses that are traced to the cheating account. Payment to the AP players who lost money will be done after a complete audit by Gaming Associates and a separate audit by Kahnawake Gaming Commission. Finally the statement implies that Absolute Poker will be cooperation with any and all investigations in the future by regulatory bodies.

Reportedly Absolute Poker has already begun two activities related with the release of the xcel spreadsheet with all the players that played in the September 12th tournament IP addresses and email addresses. Absolute Poker has issued $500 payments to any watcher of the tournament that had their email in the spreadsheet. Second all players that cashed will be moved up 1 spot on the final standings and receive the additional prize money. 96 of the 98 players that participated in the tournament will receive a refund of their entry amount and fee for the tournament. Also included will be about 1% interest.  Potripper the id that won the tournament and Graycat another suspect account are not to receive refunds according to Absolute Poker.

Your ‘Dead Money’ blogger wonders what will happen to people like Mark Seif who has been a player for Absolute Poker for a long time. The web is full of many stories and discussions regarding the AP situation. I will keep an eye and ear open to this story and keep you posted. Here are the two previous posts I had on this event. 1. Absolute Poker is Hacked by Employee  2. Absolute Poker Hacking - More Details Surface

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• Online Poker Weekend Results

PokerStars Sunday Million
PokerStars had 6,524 players this weekend and a prize-pool of $1,304,800. 900 Players made the money. Hevad ‘RaiNKhAN’ Khan, who finished at the final table in the WSOP 2007 Main Event, just missed the Final Table and ended up 13th. Macknot won this weeks PokerStars Sunday Million and $187,630 in prize money. Macknot played heads up with weeminer and had a 4.5 to 1 chip advantage when play started and the match only survived a few minutes. Macknot called when weeminer went All-In and Macknot had Pocket Rockets. weeminer didn’t improve and PokerStars Sunday Million was completed. Here is how the Final Table and Payouts ended up:

1. Macknot — $187,630.24
2. weeminer — $97,729.52
3. Ghost4476 — $70,328.72
4. Dabe8Gavis — $54,801.60
5. Keano7 — $41,884.08
6. juice54 — $31,010.40
7. Cardinal7 — $21,529.20
8. kev_unlimit — $13,048.00
9. Ivey $00 — $8,089.76
 

Fult Tilt $1,000,000 Guaranteed
Fult Tilt had 2,152 players which provided a prize pool of $1,076,000. 306 places were paid with the top prize earning $197,984. ‘BluffMagCV’ won the Fult Tilt $1,000,000 Guaranteed Tournament. The Final Table and payouts looked like this:
1. Chris “BluffMagCV” Vaughn — $197,984
2. Soren “Kongsgaard” Kongsgaard — $121,588
3. tmfd001 — $79,624
4. RGAR18 — $63,484
5. colenel decker — $48,420
6. DutchVinny — $34,647.20
7. JaeMills — $25,286
8. imgrinding — $19,906
9. Gettin Daize — $15,064

PartyPoker $300,000 Guaranteed
PartyPoker had 1,549 players and a prize pool of $306,800. First place received $61,960 and a total of 200 players made the money. The Tournament payouts were determined by a 6 player chop determined by chip counts when the player that finished 7th busted.  Here were the Final Table standings and payouts:
1. lenok07 — $40,301.44
2. LooseHope — $30,565.31
3. peter_AA100 — $27,487.14
4. Stuart “Zpace_man” Taylor — $22,241.79
5. Bayernbua — $22,157.62
6. RAMMS888 — $16,483.92
7. ihmepaisti — $8,209.70
8. Idealic69 — $5,421.50
9. StivenG — $4,128.30
10. Ota_SolGryn $2,943.10

Here are other Online Poker posts in Just Poker Talk Online Poker Category

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• Absolute Poker Hacked - More Details

The Online Poker World continues to be abuzz with the Absolute Poker situation. On Friday the story hit the newswires. The story about an Absolute Poker employee that hacked the Absolute Poker system to allow himself to play Hold ‘Em at an online table and see all the other players hole cards. Your ‘Dead Money’ blogger has seen the episode referred to as ‘Pokergate’. This is very interesting because large percentages of the online players are well under the 40 years of age needed to recall ‘Watergate’. Here are some more of the details that have come to light over the weekend.

In September 21 year old Marco Johnson asked Absolute Poker for a hand history of a high stakes tournament he had played previously. Marco felt there were too many weird things happening during the tournament and he felt he had been cheated. Marco finished 2nd in the tournament and was awarded the prize money of $20,000. Turns out that Absolute Poker sent Marco was the complete hand histories of everyone involved in the tournament. The hand histories included hole cards for everyone and every hand, IP addresses and email addresses of all participants within an excel spreadsheet. The winner of the tournament was the online player ‘Potripper’ who won the tournament and the $30,000 1st prize. Johnson turned the spreadsheet over to New York attorney Serge Ravitch a professional poker player who also moderates 2 + 2 Poker Forum.

“In the last hand, he just blew it. He made a gigantic call with 10 high. The chances of winning a hand like that are something like one in 1,000. It was obvious he was cheating,”

Source: ABC News Online

Johnson also provided the excel spreadsheet to a poker blogger Nat Arem who looked at the IP addresses. Arem also discovered that at every table Potripper was at also included another user that other players could not see at the online table. Aren traced the IP address of the observer back to location of the Absolute Poker servers. One last little item and I am not sure of any significance is that Mark Seif was in the hand history provided.

Ravitch the attorney estimated that online players lost between $500,000 and $1,000,000 over a two week period though he informs ABC he can’t be sure when the cheating started.

Absolute Poker has reportedely promised an official statement regarding the hacking and what remedies will be undertaken to reimburse players that were involved. Also Absolute Poker has said that the security glitch in the servers has been closed, though the online community is waiting for the official statement to hear and see the proof. Former Director of Operations at AP AJ Ripper was named in the ABC story as the owner of account Potripper. Additionally an IP address was linked to part owner Scott Tom who AP says has not been involved with the company for over a year. Investigations are continuing to ascertain if these people were involved or if somebody else was using their accounts.

Go to this Just Poker Talk Post to see the recreation of the hand histories and see how easy it was for Potripper to win the high stakes tournament.

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Your ‘Dead Money’ blogger Michael has played at Absolute Poker, but certainly not at the high stakes tables so I probably never contributed any funds to Potripper.

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• Absolute Poker is Hacked by Employee

An Absolute Poker Employee hacked the online poker site. The employee modified the site and provided the ability for the employee to play on the site and see the hole cards of the other players. Internet forums had been discussing this possibility for almost a month. Previously Absolute Poker investigated the allegations and reported: 

“The result of our investigation is that we found no evidence that any of Absolute Poker’s redundant and varying levels of game client security were compromised. In other words, we have determined with reasonable certainty that it is impossible for any player or employee to see whole cards as was alleged. There is no part of the technology that allows for a “superuser” account, and there is no way for any person to influence the game software to their advantage.”

Source: MSNBC

New York attorney Serge Ravitch informed Absolute Poker that he felt cheating was going on. Ravitch informed MSNBC that Absolute Poker initially denied any cheating had occurred or was even possible. In fact according to the MSNBC story, Absolute Poker found no evidence that client security having been compromised. Absolute Poker went on to say that with certainty it was impossible for anybody to see other players hole cards. Also they said there was no way to modify the Absolute Poker game software to gain any advantage.

Absolute Poker provided hand histories to one of the players that had reported cheating. The hand histories provided hole cards for all the players and IP addresses as well as email addresses of the competing players. MSNBC requested an independent review of the re-created tournament and expert Ray Cooke, ex-head of security at Planet Poker online site, came away convinced that the hacker can see the hole cards. Here is the recreation provided by YouTube.

This video is one of four videos of the recreations. Here are links for the other three.
Absolute Poker two of four
Absolute Poker three of four
Absolute Poker four of four

This week a spokesman for Absolute Poker has informed MSNBC on the condition of anonymity that the hacker was an employee of the company who did it to prove it could be done. The spokesman said:

“This is literally a geek trying to prove to senior management that they were wrong and he took it too far,”

Your ‘Dead Money’ bloggers concern with this hacking is that it will make it more difficult to get the UIGEA repealed anytime soon. Also this will provide fuel for the online poker opponents to keep preventing US players from playing online.

Here are some other Just Poker Talk posts regarding UIGEA.

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• Online Poker Weekend Results

PokerStars Sunday Million
PokerStars had 6,366 players this weekend and a prize-pool of $1,273,200. 900 Players made the money. Pairofnothin ended up with the PokerStars title. ClubbedBoat and Pairofnothin were the final two players and decided to split the money and play heads up for the title. The final hand had ClubbedBoat push All-In and Pairofnothin called. ClubbedBoat 10d9h and Pairofnothin showd 10c10s. ClubbeBoat missed a straight on the river and Pairofnothin won the event. Here is how the final table payouts ended up:

1. Pairofnothin — $140,448.84 
2. ClubbedBoat — $138,000
3. McNAbb2 — $68,625.48
4. twin peaks07 — $53,474.40
5. LukeFromB13 — $40,869.72
6. Ralfinator — $29,283.60
7. Crawfdad — $21,007.80
8. canalman — $12,732
9. Binde — $7,893.84

Fult Tilt $750,000 Guaranteed
Fult Tilt brought in 3,806 players which provided a prize pool of $761,200. 522 places were paid with the top prize earning $134,770.46. Mike Matusow finished 115th, Ram Vaswani came in 118th and Lee Watkinson 308th. Gagillionaire won the title and the $134,779.46. The Final Table and payouts looked like this:
1. gagillionaire — $134,770.46
2. Jubbley — $81,448.40
3. Eddits — $53,284
4. phatphat — $42,018.24
5. Mr_BigQueso — $31,513.68
6. gap1974 — $23,368.84
7. Flynn McCaffrey — $17,505.60
8. AmericanTilt — $13,701.60
9. Fire80 — $10,200.08

PartyPoker $300,000 Guaranteed
PartyPoker had 1,529 players and a prize pook of $305,800. First place received $61,600 and a total of 200 players made the money. Dr_Gammon won the PartyPoker title this weekend. Here were the Final Table standings and payouts:
1. Dr_Gammon — $61,160
2. mulchie — $33,638
3. sjukov — $21,100.20
4. mace64 — $16,666.10
5. krisch — $14,066.80
6. Th0mas_p0ker — $10,550.10
7. LaMano87 — $8,103.70
8. Dosenshooter — $5,351.50
9. Pointer2 — $4,128.30
10. TheGayTinTin — $2,905.10

Just Poker Talk Online Poker Category

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• Norway to Ban Online Poker?

The Norwegian Minister of Culture is planning to introduce new legislation that would ban online gambling. The legislation would reportedly work very similar to the United States Unlawful Internet Gaming Enforcement Act (UIGEA). UIGEA stops Financial entities from making deposits to Online Gaming sites.

It was only a little over a month ago the Norway resident 19 year old Annette Obrestad won the World Series of Poker Europe (WSOPE) Main Event. Annette was the youngest player ever to win a WSOP Championship bracelet and the only female to win the WSOP Main Event. Annette collected over $2,000,000 for winning the WSOPE Main Event.

Annette had quite a Online Poker reputation for her Poker ability. The online forums are full of her Poker achievements, which if the Internet forums can be trusted are quite impressive. Annette started playing Online Poker when she was 15 and according to her she has never deposited any funds to any Online Poker site. Again reportedly, she has won several hundred thousand dollars in winnings from the Online sites.

Photo Source: Poker News

I find it ironic that if the proposed Norway ban on Online Poker had been in effect just a few years ago Annette possibly would not have become such a great Poker player. Also, she probably would not have had the money for the $20,000 buy-in for the WSOPE Main Event. She would never had accumulated the Poker skills that allowed her to amass the bankroll that she now has at the tender age of 19. Annette is a member of Team Betfair and writes a blog for CardPlayerNorge site, again probably opportunities she would not have had if not allowed to play Online Poker from her home in Norway.

Here are some other Just Poker Talk UIGEA posts

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Full Tilt $750,000 Guarantee

Full Tilt had 3,709 players participated in Full Tilt’s $750,000 Guarantee. Buy in is $200 for the event. Full Tilt had to contribute $8,200 to make the prize pool $750,000 Guarantee. Pro players that cashed were Chip and Karina Jett finishing 490th and 472nd respectively and David Singer lasted until 47th. ’splashthaap0t’ outlasted all and took home the Championship and the $132,787 prize. Photo Source: Fult Tilt Poker

Here is how the final table ended up.

1st: splashthaap0t $132,787
2nd: bigegypt $80,250
3rd: dag2 $52,500 
4th: Deviland $41,400 
5th: P0KERPR0 $31,050 
6th: UboughtMyBMW $23,025 
7th: aquanaut $17,250 
8th: El_Imbecil $13,500 
9th: muchaka $10,500 

PartyPoker $300,000 Guarantee

PartyPoker had 1,487 players this weekend in the $300,000 Guarantee tournament. Tournament Buy-In was $200 so a $2,600 contribution by PartyPoker was needed to make the $300,000 Guaranteed prize pool. When play was down to four players a deal was struck after much discussion. The payouts for the final table are below and reflect the first four places chopped.

1st: Hjarno $49,000 
2nd: hertigafkorv $30,000
3rd: dani2611 $30,000
4th: Smakkies $21,050
5th: Liverpul  $13,800
6th: garbage_  $10,350
7th: zillick $7,950
8th: chuckchuk $5,250
9th: Zonck $4,050
10th: mmcessa $2,850

Bodog $100,000 Guarantee

Bodog was able to get 747 players this weekend all with a Buy-In of $100. Bodog was  short $25,300 of the Guaranteed prize pook and made up the difference. 8BallDeluxe won the Bodog Championship and the $25,000 first place prize money. The final table payouts ended up like this:

1st: 8BallDeluxe $25,000
2nd: carman111 $14,300
3rd: looshle $9,200 
4th: bearbeer $6,900 
5th: PV01 $5,500 
6th: whodey1978 $4,500 
7th: eltico $3,500 
8th: quietwinner $2,500 
9th: joseph k $1,600

The Online sites are hoping that in the upcoming weeks, that the entries pick up and they no longer have to contribute to the Guarantee prize pools.  

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• Poker is it Luck or Skill the Debate Continues

 PokerPro Magazine has an analysis of the Luck vs Skill in Poker written by Tony Guerrera that is very detailed and is an excellent thought provoker. Your ‘Dead Money’ blogger when it comes to Poker of course isn’t very Skilled or Lucky it seems. Do yourself a good deed and click on the link and read the entire magazine article. 

You know about Unlawful Internet Gambling Enforcement Act (UIGEA) that has caused many Online sites to not allow US players to play any longer at their site. If Poker can be proven to be a game of Skill, Congressman Robert Wexler’s HR 2610 Skill Game Protection Act will have a better chance of succeeding. That success will hopefully open the Online sites up again. Here are some of the points made in the analysis.

• Games of Skill

Wikipedia’s definition of a Game of Skill:

as one in which “the outcome is determined mainly by mental and/or physical skill, rather than pure chance” “games of skill can be mastered, and when two parties engage in a game of skill, the party with the higher level of skill is favored to win”

The analysis talks about Chess and Sports as the examples of Games of Skill that nobody debates. In the article Tony makes a point about the difference in the skill set of the competitors and the likeliness the less skilled competitor will prevail.

“games of skill can be mastered, and when two parties engage in a game of skill, the party with the higher level of skill is favored to win”

• Games of Chance

Wikipedia’s definition of Games of Chance:

“A game whose outcome is strongly influenced by some randomizing device.”

Tony talks about these games as the ones the games that random events determine the outcome. You know, shooting craps, playing roulette, playing the lottery, etc….You probably played lots of these Games of Chance.

The analysis moves onto Probability and Expectation Value (EV) and how Poker Players that are very skillful master this ability and apply it to Poker playing. The article goes into much mathematical detail about how to determine Probability and EV. 

EV = (Payout of Outcome #1)(Probability of Outcome #1) + (Payout of Outcome #2)(Probability of Outcome #2) + … + (Payout of Outcome N)(Probability of Outcome N).

I recommend you go to the story to better understand the EV formula, he provides examples.
The last part of the article provides extensive discussion about:

• The Poker Playing Process

Tony outlines the four sections that make up The Poker Playing Process.

1. Putting your Opponent on hand distributions
2. Evaluating your hand relative to opponent’s hand distribution
3. Predicting how your opponent will respond to each of your possible actions
4. Executing the line of play yielding the highest possible EV based on 1,2 and 3.

Tony explains each process expertly and makes numerous great points. This leads to the Summary section and we see these items:

The big difference between poker and other well-accepted games of skill is that chance events appear to have a much bigger effect on poker outcomes. However, the proper way to view poker decisions is to consider EV, which is a quantity that only makes sense when considering the long run.
accomplished poker players make decisions yielding higher monetary EV than those made by their less skilled counterparts, resulting in them making more money in the long run.

Since money is the metric by which score is ultimately kept, poker is, therefore, as much a game of skill as chess, basketball or any another commonly accepted game of pure skill.

Great analysis by Tony.

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Full Tilt $750,000 Guarantee
Huck Seed made the Final Table at the Fult Tilt $750,000 Guarantee. Seed finished 8th and took home a prize package of $13,755.60. Fult Tilt had 3,821 players for the online event. The Prize Pool was $764,200, $14,200 over the Guarantee. Here is the Tournament’s Final Results: 
1st ($135,301.61): sunfish2
2nd ($81,769.40): razooo
3rd ($53,494): SmackGirl
4th ($42,183.84): bastral
5th ($31,637.88): Jaysick88
6th ($23,460.94): Egarim
7th ($17,576.60): southside1
8th ($13,755.60): HuckleberrySeed
9th ($10,240.28): Tarsis

Other Fult Tilt pros that that played included Lee Watkinson 363rd, David Benyamine 324th, Ram Vaswani 230th and Keith Sexton cracked the top 100 by finishing 90th.

PartyPoker $300,000 Guarantee
PartyPoker had 1,494 players to be 6 entrants short of $300,000 Guarantee. The final two online players chopped the prize money after negotiations. Here is the result:
1st ($51,825.33): Merxxxx
2nd ($41,174.78): RAMMS888
3rd ($20,700): LeShagg
4th ($16,350): acecrusher
5th ($13,800): Nxwill
6th ($10,350): Bubbelpojken
7th ($7,950): Dione444
8th ($5,250): Stonygolf
9th ($4,050): jonbam
10th ($2,850): PeeGee999

Bodog $100,000 Guarantee
Bodog had 729 entrants ending up 271 players short of the needed 1,000 players to reach the $100,000 Guarantee. The Bodog Tournament ended up like this:
1st ($25,000.00): naskoxx
2nd ($14,300.00): BKiCe
3rd ($9,200.00): bluffmeidareyou
4th ($6,900.00): Jadenali
5th ($5,500.00): rufrider
6th ($4,500.00): t_j_06
7th ($3,500.00): spice_man
8th ($2,500.00): yub yub
9th ($1,600.00): cajunslim

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• Card Player Magazine - Todd Brunson and UIGEA

Todd Brunson joins a long list of Poker Players that bash the Unlawful Internet Gambling Enforcement Act (UIGEA) in this story in Card Player Magazine. Like many others Todd recommends getting U.S. regulation to online Poker and of course then letting the United States benefit by taxing the online Poker industry. He makes many of the same points that have already been made by others but says it a little more forceful. He indicates the elected officials that forced the UIGEA through with the the Port Security bill are ’small minded’.  

When these small-minded congressmen couldn’t get the bill through by itself, the proper, legal way, they attached it to a popular defense bill to increase port security. What does Internet gaming have to do with port security? What a cheap, slimy move!  source

In an earlier post I asked you to go to Poker Players Alliance (PPA) site and register to join the PPA and fight against UIGEA and while at the PPA site: Use the site to send letters to your elected Congressmen to support HR 2046 the Internet Gambling Regulation and Enforcement Act and HR 2610 the Skill Game Protection Act. It is not too late to assist the PPA to get UIGEA modified to allow Online Poker. Please do it today.

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• $821,000 Bad Beat Jackpot won

Absolute Poker’s Bad Beat Jackpot had risen to $821,670 before it was claimed on Wednesday August 29th, 2007. Online player KADI suffered the bad beat but was rewarded with half of the 65% of the Jackpot awarded to the players at the table. KADI received $267,042. The winner of the hand received 25% of the Jackpot totaling $133,521. The remaining players at the table each received $33,380. 

25% of the Bad Beat Jackpot is rolled over to the next Bad Beat Jackpot and 10% is taken by Absolute Poker.

KADI ended up with a Straight Flush to the 10 and was beaten by a Straight Flush to the King. You can click ====> here to read Absolute Poker’s web report.

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• Absolute Poker ‘Bad Beat’ Jackpot nears $700,000

The Absolute Poker (AP) ’Bad Beat’ Jackpot that grows at a rate of $2,000 per hour will reach $700,000 sometime early on Tuesday if no online player suffers a bad beat. Absolute Poker an online poker room that still accepts U.S. players instituted a ‘Bad Beat’ Jackpot in late June of 2007. AP has already paid out $1.4 million in the jackpots.

Here is information from AP that explains the ‘Bad Beat’ Jackpot.

HOW IT WORKS

Look for our new ‘Bad Beat Jackpot’ tables and watch our jackpot grow. We’ll collect $0.50 from the pot of each raked hand that is raked .25 or more. The poker jackpot will keep growing until someone hits an unbelievable bad beat.

What constitutes a bad beat? If you lose a hand holding four eights (8888) or  anything better, that’s a bad beat. But at these tables, your luck couldn’t be better.

Thanks to your bad beat, everyone at the table will win a piece of the distributed jackpot. And you’ll take the majority of the prize.

As soon as someone hits a qualifying bad beat, 65% of the jackpot will be shared between everyone at the online poker table where the bad beat went down. 25% will go towards the next jackpot and 10% will go to the house.

We’ll take the new amount and divide it amongst the players seated at the Bad Beat Jackpot table.

• The loser of the hand – ie. the bad beat victim - will take 50% of the prize
• The winner of the hand will take 25% of the prize
• The rest of the players seated at the table will share the remaining 25%

Your ‘Dead Money’ blogger will be heading to AP to see if I can get a bad beat. I get beat all the time at the tables, so I just have to hope to flop quad 8s or better and have somebody hit a straight flush. I can get all my poker loses back in one ‘Bad Beat’. That is my plan and I am sticking to it. I think it is a good plan. Certainly better than my current plan of trying to win enough playing at the tables to retire from blogging.

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• New York Congressmen Oppose Poker Ban

Congressmen Steve Israel and Pete King a democrat and republican from New York both have expressed their support for Representative Barney Frank’s Internet Gambling Regulation and Enforcement Act (IGREA) HR 2406. They published an editorial titled ‘Web Gambling: Tax, don’t Ban’ in the New York Post.

The congressmen find irony in the enactment and enforcement of the UIGEA.

“Years ago, the Treasury’s Secret Service agents used to help Harry Truman put poker games together in the White House,” they wrote. “Now they’d be locking him up.”

The two legislators believe there are more important items on the American agenda.

“Frankly, federal law enforcement officials have bigger fish to fry,” they stated.

Protecting the President, investigating counterfeit money and tracking terrorist financing were mentioned as better ways of spending U.S. funds.

American history and the basic right of privacy were cited.

“In the end, there is the question of how much we want government to be involved in our private lives: For many, playing poker with friends on the Internet is a way to unwind at the end of the day,” the men said. “Technology aside, Web gambling isn’t so different than the way Americans have relaxed and enjoyed the company of friends for decades.” source

In an earlier post your ‘Dead Money’ blogger requested that you support the Poker Players Alliance (PPA)  by going to their site and joining the Alliance. Also at the site you can easily send a letter to your representative to support HR 2406 and HR 2610 ‘Skill Game Protection Act’.

Now you have two New York Congressmen that are supporting your ‘Dead Money’ blogger. If you like playing online Poker go to the PPA site and register and send those letters to your congressmen to get the Unlawful Internet Gambling Enforcement Act (UIGEA) changed.

Feel free to add any Poker related comments, they are welcome always.

Online Poker, Barney Frank, Steve Israel, Pete King, UIGEA, IGREA, Poker Players Alliance