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PokerStars brings Zoom to poker

 

Anyone remember Rush Poker? It was the brain child of Full Tilt poker and zoomed it to one of the most popular rooms around. But then Full Tilt Poker came crashing down after the FBI in the United States seized the domain name and bank accounts and online poker slowed down again. But now PokerStars (who by the way are rumored to be in secret negotiations to acquire Full Tilt) has announced Zoom Poker.

Zoom Poker sounds  a lot like a variation on Rush Poker. Normally I’d expect to see on poker room protesting and filing law suits over another stealing their idea, but if PokerStars is really negotiating to acquire Full Tilt, well, they aren’t likely to do that, are they? Hmm, makes you wonder about the rumors, doesn’t it.

But back to Zoom Poker. In Zoom poker a player joins a pool of players in ring games based on the hand stake they want to play at. They are seated at a table and dealt a hand. If they play that hand, things proceed as normal. But if they fold the hand, they are whisked virtually (computers have that advantage) to another table where they are seated with more players from their same pool and dealt a new hand. Now before jumping in on this, you might want to read over some basic info on Wikipedia Betting to make sure fast play is for you.

Zoom poker also allows players to play up to 4 hands at a time. Now this isn’t that unusual in regular sites since players often play at more than one table so they have something to do when they’ve folded in one game and are waiting for the next hand to be dealt. A good player can keep up with four hands at a time. But in a regular game, they’ll be folding some of those hands. In Zoom poker, the moment they fold, they’re whisked to the next table and dealt a new hand. So that means keeping four live hands in the air at the same time.

Still, I expect Zoom poker to be very popular with the top players out there and to draw more players to PokerStars. I’ve heard there’s even a version for the Android phone. Unfortunately, our American friends can’t play Zoom poker.

 

 
Bernard Tapie poker plans revealed

It’s been an interesting few months in the poker world for the Full Tilt Poker site and the French business Groupe Bernard Tapie. GBT had been in negotiations to acquire Full Tilt Poker and get the online poker room back up and running. In fact, the negotiations had gone so far, that rumors were out there that GBT had finally finalized the deal and that their name was on the registration for either Full Tilt Poker or a site called New Full Tilt Poker.  Then the news came in the form of a press release from Groupe Bernard Tapie that the deal had fallen through. We’re following the American news using Bing News.

Details are now emerging on what caused the deal to crash and basically it was a failure of GBT and the United States Department of Justice to reach an agreement on how fast players would be paid back the money that Full Tilt owed them. Now, I do want to remind my readers that GBT was not in charge of Full Tilt during the mis-management process that resulted in the site crashing after the US feds seized the domain name and bank accounts. So, I can’t really blame GBT for wanting more time to pay back players that they themselves in no way cheated.  Of course, I also can’t blame players for wanting their money back sooner rather than later. But later is better than never.

However, the interesting information to come through after all of this is an email sent from Laurent Tapie to many of the top staff of Full Tilt Poker offering to hire them all away from FTP.  Apparently the crash of the Full Tilt deal still left GBT wanting to establish an online poker room and the idea then was to hire the Full Tilt poker staff who knew how to run the site and then build a new poker site based on their knowledge.  The email also reveals that Poker Kings, who ran Full Tilt Poker, only has funds to pay salaries through May of this year.  Now, we don’t have evidence as to whether that is true or not. Certainly Full Tilt staff will be finding out soon.

However there is hope for both Full Tilt staff and former Full Tilt Players since now PokerStars is in negotiations to acquire the site. Perhaps one good aspect for this on the PokerStars side is that they too were shut down by the US feds during the April 15th Online Poker Shutdown where Full Tilt was shut down. So, this means that PokerStars, who paid back their US players, has a good working knowledge of what the DOJ is looking for and likely to demand since they already made the negotiations needed to save their own poker room.

 
Playtech actions cause investors concern

 

Playtech is one of the top developers of online gambling software. This means that they themselves do not run online casinos but that they provide the games that online casinos need to run. That in itself has been a stable business that had settled Playtech as a dependable company for investors. But then the company announced that it planned to move into the social gaming market by making acquisitions from other businesses and shareholders seem to have responded to this news with trepidation.

So, what’s making them nervous? It would seem that with sites like Facebook and Twitter being so popular that social media is one of the big places to be. Sites like CNET are still talking about Zucerberg’s Instagram deal, which was worth a cool billion. In fact, Zynga has done so well in the social media sphere that they are moving out of it and developing plans to offer real money gambling. Zynga Poker is already one of the top online poker games for fun play. Social media seems to be here to stay and it’s already a proven marketplace.

But it seems that with Playtech the concern comes from the fact that the company is going to spend 95 million Euros to by assets from its own founder. Playtech was founded by Teddy Sagi, an Iraeli billionaire who still holds 48 percent of the stock in the firm. Now Playtech wants to acquire those shares before it moves forward. But investors are worried because the company has failed to explain how spending 95 million Euros to buy back shares from the founder will result in an increase in profit. While social media is a popular market, Teddy Sagi himself is not social media. But according to the deal, he’ll become a special advisor to Playtech after they buy him out. And they company will also acquire new office space from a company Sagi has interest in. So, essentially, a man who already has a 48 percent interest in the company and therefore should already be providing advice to the company and would potentially suffer a loss of earnings if they made a wrong move will be bought out of that position and moved to one where he financially benefits and provides advice without risk of financial loss if his advice is bad.  I can see where investors would be worried.

Now, it doesn’t seem that the general concept of investing in social media itself is causing the concern. These days everyone is exploring the potential of social media. But the question is more one of how much should the company invest in an attempt to move into the social media market and where should that investment be aimed. And of course there are investors willing to consider both sides of any situation. Right now Playtech’s moves have caused their stock price to drop. Which means if you want to invest in Playtech stock, now is the perfect time to buy.  After all, playing the stock market is a legal source of gambling everywhere, and sometimes it seems to be as reliable as a slot game. But when a dependable stock drops over an announcement, than can be the perfect time to move in on it.

 

 
Taking a look at what Full Tilt Poker is up to

Do you live in Dublin and need a job? If so, you might want to check out the ads for Full Tilt Poker. It seems they’re looking for everything from support personal, particularly with multi-lingual skills, to supervisors. You can always do a quick check for jobs at telegraph.co.uk .  Now, if you play poker online, you’re probably thinking “Full Tilt Poker is hiring? What are they up to?” Well, they won’t tell us, so we’re left speculating. But over the past few months, speculation about what Full Tilt is doing has proven to be more accurate than the reports coming from Full Tilt themselves. So, let’s look at the Full Tilt Poker story.

Full Tilt was one of the top online poker rooms in the world and then a year ago, they were one of four sites who had their domain names and bank accounts seized by the US.  Of those four sites, only PokerStars has managed to bounce back and into action. But the Full Tilt story proved to be a cautionary one. It seemed that Full Tilt had been using the money in player accounts to pay for operating costs. Now, money in an online poker account is NOT a payment to the poker room. It is the player’s deposit to cover their bets when playing. That money should only move from player to player as hands are won or lost. Or be used to pay entry fees for tournaments. The poker room is supposed to make money to run the operation by taking a “rake” or portion of the pot from each hand played. If the poker room operates this way, everything is fine. Think about it. In a live poker room, you won’t expect the manager of the room to walk over, pick up the chips from the board and leave an IOU behind.

When American players were forced out of Full Tilt, they did something reasonable and asked when they’d be able to get the money out of their accounts. Full Tilt said “we’re working on it.”  Sounds reasonable, you might think. After all, Full Tilt had just been forced out of the country by the US government, so may be US players weren’t their priority. True. Then players from the UK and EU asked to cash out from their accounts and they were told “we’re working on it.” This caused a bit of concern since unlike US players, UK and EU players were still putting money into their Full Tilt accounts. The Alderney Gambling Control Commission, which licensed Full Tilt, stepped in to investigate and discovered that Full Tilt owed about $600 million to players and that they’d been using money from player accounts to run the site. So there was no real money in those player accounts. Meanwhile Full Tilt was claiming that top players owed them money because they’d made loans to their pro players. And even small stakes players owed them money because when a player made a deposit, the company made the funds available before it was processed through the player’s bank. And well, sometimes they never balanced that out, so players had been playing on both their money and Full Tilt’s money.  Players weren’t ready to just take the excuse of “you owe us money, so we’re not paying you back” and Alderney revoked Full Tilt’s license until they could show they were a viable poker room.

News has been out that Groupe Bernard Tapie is taking over Full Tilt, so the ad for support people is an encouraging one. I can imagine that if they open back up, the first thing that they’ll have to deal with is players calling to demand their money back. So, I wouldn’t apply for the job unless you’re prepared to deal with angry poker players.

 
Bodog decides to reveal hole cards

 

Bodog poker room and its American cousin Bovada poker have informed players that they can now request hand histories to see the hole cards (sometimes refered to as hold cards) of other players at their tables.  In many poker games, all players are not required to reveal their cards as part of the game. Players who fold during a game don’t have to show what they held and if a player out bets every other player and forces them to fold, he doesn’t have to reveal what he held.

Not revealing the hand is often part of a player’s bluff strategy. If the player bluffs the other players into folding but playing aggressively with a weak hand, it isn’t to his advantage for the other players to know this. Now on the professional player level, players eventually end up revealing their hands often enough to get a reputation for bluffing or playing it safe. That’s all part of playing in the public eye and playing the same players more frequently. If you play in a game at the local pub, you probably know who tries to bluff with nothing in his hand and account for that. But online play means that players are often sitting at the table with others that they have no acquaintance with and who have unfamiliar playing styles. To a certain extent, this can teach the player to play a stronger game and be prepared to go up against anyone. It’s no surprise that the winners of the World Series of Poker Main Event for the last few years have all been online players.  They learn to play against anyone and everyone and they are often practiced simply at playing for long periods of time. So, they do well in tournaments.

But there is a problematic side to playing poker online and one that online card rooms work hard to combat. Since the players don’t know each other and no one can see what the other players are doing, player collusion is a constant battle. This happens when a group of players decide to work together to force pots up and often to make sure that a specific member of the group wins. Collusion can also be used by a group to keep other members in a tournament by betting up a pot then folding to “donate” chips to a player who’s low in them. Other players tend to consider this cheating, but since they can’t see the other players and can’t see the hand the other player folded with, it’s hard to determine.

Which is why Bodog and Bovada have both made the decision to allow players to review the hand histories and see the hold cards of tables they played at after play has ended. This means that if a player feels that some people at the table were making strange moves, he can check to see if their hands show any signs of odd betting and odd folding. He can then report that to the casino who can check to see if there is a pattern with certain players working together.  The ability of players to monitor this helps make them feel more in control of the situation and in the end, everyone gets a better game. If you’re looking for online casinos, like Bodog, that are open to UK players, check out http://www.onlinecasinos.org/uk-casinos/ for safe and reputable casinos.


 

 
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