Archive for the ‘Poker News’ Category

Daniel Negreanu Makes $1 Million Prop Bet that He’ll Win 2020 WSOP Bracelet

Sunday, June 14th, 2020

Daniel Negreanu has bet $1 million on his ability to win a gold bracelet at the 2020 WSOP. With 101 online and live tournaments on the schedule, Negreanu will have many chances to win.

Kid Poker currently holds six gold bracelets. However, he hasn’t been able to capture a seventh victory since the 2013 World Series of Poker.

Online Events Give Negreanu a Stronger Chance

The 2020 WSOP will feature a different format than it has within the last five decades. Rather than most of the events running live, most tourneys will instead take place online.

COVID-19 has forced the organizers to rethink the traditional format. Rather than stuffing numerous people in a poker room, the WSOP has chosen to socially distance with an online-heavy schedule.

85 of the events will run through a combination of (Nevada and New Jersey only) and (international). The remaining 16 live tournaments may or may not actually happen at the Rio as planned.

In any case, the online tourneys will allow Negreanu to play in more events. They make for the possibility of multi-tabling, which just isn’t available in a live format.

Bettors Have Already Lined Up

Negreanu hasn’t experienced any trouble finding takers on his bet. He’s already accepted $1 million in wagers from a variety of players.

The biggest bettors, Ali Imisrovic and Connor Drinan, both wagered $100,000. Assuming Negreanu wins a bracelet, he stands to receive $2.5 million from the bettors.

Kid Poker will get his first crack at winning the bracelet along with a $2.5m side bet on July 1. He lives in Nevada, so he won’t have any trouble playing in the events.

From here, he plans to move to Mexico to enjoy the remaining tournaments on GGPoker. Negreanu also represents GG as an ambassador.

Dan “Jungleman” Cates Getting Into Acting – Ponders Poker Future

Thursday, June 11th, 2020

Dan Cates has been one of the world’s best high stakes poker players for over a decade. Lately, though, he’s been questioning his future in the game.

Discussing his thoughts in a post called Quarantales, “Jungleman” notes that the Covid-19 shutdown has given him lots of free time. After all, live poker rooms are still shuttered throughout much of the US.

He’s still playing online poker. However, Cates has also been visiting London parks, cooking, taking improve classes, and learning acting. The latter has actually become Jungleman’s passion during the pandemic.

Poker Is Taking a Backseat

Cates says that he’s played plenty of online poker and even won some money. However, he’s not as passionate about the matter right now.

“Got screwed over a bit in new ways and in a [ghosting] scandal somehow despite having the tiniest role. So, I got something possibly worth more than money: life lessons and experience! Yeay, thanks?

“Anyway, poker no longer satisfies my ambitions, so I have largely been working on a new career path. One where I will hopefully be able to align my crazy ambitions and selfish motives towards what is better for doing good in the world.

“Poker was and possibly still is an excellent way to go from having not much money to having enough to give one freedom, but not to make world-changing money or to do much good. To be clear, I am not quitting poker, just shifting focus unless big opportunities or games come.”

Jungleman Is Diving Into Acting

Cates is taking both acting and improve classes. He seems extremely interested in acting right now and is even getting private lessons.

“Fortunately acting is much more interesting I expected. I halfheartedly took an acting lock down class and got some private lessons from an established actor.

“Acting has much to do with feeling as though the character played is oneself and stretching the imagination.

“Think back to being a little kid where it was acceptable to have imaginary friends and shit, except now it totally is! I always wanted to see/feel the world through other people’s eyes, maybe this will sort of allow me to.”

Jungleman is definitely searching for something different to do. Perhaps he’s found it in acting, or maybe he’ll choose another path. Whatever the case, he doesn’t sound interested in playing poker as much these days.

$30 Million Lawsuit Against Mike Postle Tossed

Monday, June 8th, 2020

Last year, Mike Postle engaged in what’s perceived to be the poker cheating scandal of the decade. He seemingly received information via his smartphone on other players’ hole cards during steamed games at Stones Gambling Hall (Sacramento).

Unfortunately, the affected players won’t be getting any justice in the meantime. A US District Court judge has ruled that California law doesn’t cover gambling disputes.

Judge William B. Shubb explained his decision through a lengthy opinion letter. He did, however, leave open the possibility for the 88 plaintiffs to launch an appeal.

The plaintiffs collectively launched three separate $10 million lawsuits against Postle and Stones Gambling Hall⁠—for a total of $30 million.

Stones Gambling Hall Successfully Defends Position

Many poker experts who observed Postle’s play agree that he had to have been cheating. After all, he won in nearly every live-streamed session over a year-long span.

Some believe that an insider(s) at Stones Gambling Hall helped him. The casino had access to players’ hole card information before it was streamed via a tape delay.

Poker pro Veronica Brill has been the most vocal alleged victim. She launched one of the three $10 million lawsuits against Postle and Stones.

However, Stones’ lawyers successfully argued that the casino has no responsibility for what takes place between poker player. Nobody has been able to provide 100% undeniable evidence that Stones helped Postle cheat either.

Only Businesses and Property Are Protected In Gambling Cases

Going back to Judge Shubb, he cited a long-held California law that only protects businesses and property from gambling cheats. Players, unfortunately, don’t enjoy the same protections when cheated by fellow gamblers.

“California’s strong public policy against judicial resolution of civil claims arising out of gambling disputes mandates the dismissal with prejudice of plaintiff’s claims against Postle for fraud, negligent misrepresentation, negligence per se, and unjust enrichment,” Shubb notes.

Again, the players now have a chance to launch an amended appeal. But Bill doesn’t seem overly thrilled with the current ruling.

Some Players Not Happy About 2020 WSOP Online Heavy Format

Saturday, June 6th, 2020

The 2020 WSOP will feature a large number of online bracelet events due to COVID-19. Organizers have announced that 85 online bracelets will be given away.

This year’s World Series of Poker has 101 events on the schedule. The other 16 tournaments are tentatively set to run in the fall at Las Vegas’ Rio.

Of the online tourneys, 31 will run on throughout July. The remaining 54 events will take place on the international-facing

Not Everybody Is a Fan of 85 Online Gold Bracelets

Online tournaments have become more and more popular in recent years. However, the WSOP has never run anywhere close to 85 internet-based events.

Melissa Burr, a high-stakes poker player, sarcastically commented on how many bracelets are being given away online.

“I guess the bright side of these online bracelets being handed out like Halloween candy is that ill get to ladder up ‘good players without a bracelet’ list,” Burr writes.

Brandon Shack-Harris, who lays claim to two bracelets, worries that the WSOP is cheapening the entire event.

“I worry I am/will find myself more apathetic to attending events if our most revered brand isn’t concerned about their own image and value,” he rants.

Some Defend the WSOP

Ryan Fee, who co-owns Upswing Poker and plays online poker professionally, doesn’t see an issue with the online-heavy format.

“Online poker is every bit as legitimate discipline as live, if the series were invented today it could conceivably all be online, they should update to keep with the times (generally) and the times (specifically).”

A poker pro going by the handle ‘Gags30,’ agrees with Fee’s point of view. He specifically points to the small tournament fields from decades ago.

“Everyone complaining about wsop diluting bracelet value and that online bracelets shouldn’t count… yet somehow still in agreement to definitely count the bracelet from when John “Aces Up” Smith beat 8 people to win a 5 card stud tourney in 1981.”

Like it or hate it, the WSOP will be going ahead with their online plan. They don’t have much choice with the coronavirus still floating about.

Dan Bilzerian Claims Dan “Jungleman” Cates Cheated Bill Perkins in Poker

Thursday, May 28th, 2020

A few days ago, recreational poker player Bill Perkins claimed that he was the victim of a cheating scandal. He notes that multiple “poker heroes” took advantage of him.

Unfortunately, Perkins has yet to provide the full details of this incident. However, fellow recreational player Dan Bilzerian offered his account on the matter.

Bilzerian claims that Dan “Jungleman” Cates was part of the cheating. He says Cates “ghosted” Perkins in a high-stakes game.

Ghosting refers to when one player coaches another during an online poker game. Meanwhile, the opponent doesn’t realize that they’re competing against somebody who’s receiving coaching.

Cates Admits to Ghosting Perkins

Jungleman has admitted to and apologized for ghosting Perkins in a game. However, he claims that he wasn’t the only one involved in the cheating incident. Cates’ story aligns with the one that Perkins teased recently. The latter notes that he was victimized by multiple players.

The only detail Perkins gave at the time was that Jason Koon is the lone player involved who didn’t cheat him. Now, he’s opening up more on the matter.

Perkins claims that he was supposed to be playing against recreational players through a poker app. However, the so-called recreational accounts were headed by professionals.

Cates has been called out by Bilzerian and multiple other players over the incident. He now admits to playing under and coaching an unknown player/account named “Sina Taleb.”

“I thought since many on the site were using pros to play for them (which was clear by the uniquely high level of play) at the time,” Jungleman stated. “It felt acceptable for me to be playing.”

Cates adds that he didn’t mean to play many hands against Perkins. “I’m very sorry for that,” he notes.

Who Else Cheated Perkins?

Perhaps Bill Perkins is still gathering evidence on the cheating scandal. In any case, he hasn’t offered much information yet.

Cates is the only known ghosting pro so far. However, others will likely be revealed within the coming days or weeks.

Bill Perkins Claims He Was Victim of Cheating Scandal – Doesn’t Release Details

Tuesday, May 26th, 2020

Millionaire Bill Perkins has become one of the world’s most-popular recreational poker players. He frequently mixes it up with top high rollers.

However, Perkins recently alluded to a major cheating scandal that he’s part of. The legendary gas trader won’t offer any actual details as of yet, though.

What Tidbits Is Perkins Offering on the Cheating?

Again, Perkins is very vague about the potential cheating scandal. He merely offered a few confusing tweets on the matter.

The founder of Thirst Lounge noted that he knows of a “Cheating scandal in poker going on that would make the Mike Postle scandal look like a church service.”

As you may know, Mike Postle was caught cheating in live televised poker games. Postle’s actions made prime time poker news.

“Really hard to wrap my head around. I’m very disappointed in many people,” Perkins continued tweeting. “Some you would call poker heroes. 1 person/pro showed integrity others failed miserably.”

Is It Possible to Top Postle Cheating Scandal?

Postle is currently at the heart of a $10 million lawsuit. He stands accused of cheating opponents out of six figures during Stones Live streams from 2018 to 2019.

Postle’s cheating scandal made national and international headlines. Therefore, Perkins’ scandal would have to be extremely big by comparison.

Not surprisingly, Bill Perkins’ cryptic tweets have caused rampant speculation throughout the poker community. Many want to know who tried ripping him off.

The only solid detail is that Jason Koon isn’t the alleged perpetrator. In fact, he’s the only player who “acted in integrity” during the game.

“I have been permission to say that @JasonKoon was the pro who was tempted and acted in integrity,” Perkins clarified. “I’ve always liked Jason and now I love him.

“So you can stop speculating about him. I’m still in investigative mode and not ready to discuss. As I said hard to wrap my head around.”

Redskins Receiver Cody Latimer Facing Assault Charges Following Poker Game

Wednesday, May 20th, 2020

Cody Latimer, who plays wide receiver for the Washington Redskins, is facing felony assault charges stemming from a poker game. The incident allegedly involves a gun.

Latimer is out on bail after posting a $25,000 bond. He surrendered his gun and spoke with the Douglas County District Court through video (due to COVID-19).

The 27-year-old has a court date set for July 24. He’ll face federal charges that include second-degree assault, reckless endangerment, and illegally discharging a firearm.

What Happened During the Poker Game?

According to an arrest affidavit from the Douglas County Sheriff’s Office, Latimer was playing poker at a house party. He and another player began arguing.

The dispute arose over a sexual assault case involving Latimer’s four-year-old son. The person accused of the assault was present at the game.

The game’s host, Roderick English, decided to end the outing early. Latimer came back to the party 30 minutes later and pulled a gun on English.

English claims that a scuffle broke out between the two, and he got struck by the gun. The affidavit also notes that Latimer fired two warning shots in the air.

Both men were arrested after the ruckus. English received medical attention following the alleged pistol whipping.

What Happens with Latimer Now?

Much is still in the air regarding Latimer’s case. He could face serious jail/prison time, get off with a slap on the wrist, or not be convicted.

The July 24 court date should reveal more regarding the penalties that Latimer is facing. The prosecution might even work out a deal with him if necessary.

It’s also unclear what the Redskins will do to their receiver. No penalties have been proposed as of now.

Washington is likely waiting to see what happens with the case before deciding if a suspension is necessary.

Nicklas Bendtner Learns Valuable Poker Lesson After Losing £5.4 Million

Saturday, May 16th, 2020

Danish footballer Nicklas Bendtner has lost a fortune playing poker. He recently admitted to blowing over £5 million through the game.

However, Bendtner notes that losing this much has taught him a lesson about poker. The former Arsenal striker learned what stakes he can and can’t get away with playing.

No More High Stakes Poker in London

While on Arsenal, Bendtner became accustomed to playing in some of the biggest games throughout London. The 32-year-old spoke with the Independent about his poker problems.

“I lost a lot of money, an unrealistic amount,” he said on his reality show, Bendtner and Philine. “It’s hard to say how much it was in reality, but I’d estimate that it was almost 50 million Korona (£5.4m).

“It was something that I was always in control of and I simply betted big sums of money. Sometimes in London, things would get out of control on a night and things could really have ended badly.”

Nicklas is no longer playing for Arsenal and is back in Copenhagen now. He’s had time to reflect on his poker sessions and realizes that he should choose games more conservatively.

More on Bendtner’s Poker Career

Bendtner started playing poker when he was 19 years old. The striker, who stuck with Arsenal from 2004 to 2014, began upping his stakes in the mid-2000s.

The Dane didn’t elaborate on the details involving these games. However, he did note that things almost got out of control at times.

Lucky for him, he doesn’t regret playing in London’s biggest games. Bendtner also states that he was always able to afford the stakes he played.

“I wouldn’t say I’ve had a gambling problem at all. I’ve always been able to control it,” he said.

The fact that Bendtner earned $60,000 per week certainly helped him afford the high stakes. He also has various business interests that have kept him wealthy.

New Jersey Online Poker Sets Monthly Revenue Record Amid COVID-19

Friday, May 15th, 2020

New Jersey online poker has lagged behind the rest of the state’s gaming market in terms of revenue. However, it recently got a big boost when NJ live poker rooms closed due to the coronavirus (COVID-19).

The Garden State’s three online poker operators earned $5,148,373 in total revenue in April. The $5.15 million is much higher than any previous month in the state’s six-plus years of offering online poker.

New Jersey also had a good month in March. NJ online poker sites set a then-record with $3,629,112 in rake. Prior to this, the record was $3.4 million in profits set back in January 2014.

How Do New Jersey Poker Sites Normally Perform?

Again, New Jersey hasn’t performed too well with internet poker compared to other types of gambling. Its sites normally rake between $1.5 million and $2 million each month.

The state’s online casino and sports betting revenue is much higher. But a major change has happened with the coronavirus still present and posing a threat.

Lawmakers forced casinos to close their live poker rooms. Now, internet poker is the only legal game in town.

Aside from the closures, many people are simply more motivated to play poker online. Even when poker rooms reopen, players may be tempted to continue playing through apps due to fears over COVID-19.

Will NJ Online Poker Continue Growing?

New Jersey online poker rooms are no doubt benefiting from the closures of live rooms. However, this period of growth won’t last forever.

Land-based rooms will be reopening in the near future. At this point, many residents and visitors will go back to hitting Atlantic City.

However, more people have joined NJ poker sites within the past few months. This increased number of players ensures that, at the very least, New Jersey online poker will remain fairly popular.

32Red Poker Will Close In Late May

Thursday, May 14th, 2020

32Red Poker is one of the industry’s longest-running online poker sites. However, it announced that it’ll shut down on May 19.

This poker site’s closure is in direct response to the Microgaming Poker Network shutting down. The MPN, which is best known for casino gaming, will soon be closing their network.

32Red Will Still Operate in Some Capacity

Again, 32Red Poker has been serving the gaming industry for 15 years. However, the company behind this site has decided to end its online poker segment.

Those visiting the site will see a message explaining the shutdown. Basically, the company failed to find another quality network to replace MPN.

But 32Red will continue offering both online casino games and sports betting. Poker players will still be able to log into their accounts and enjoy casino gaming and sports gambling.

Brief History of 32Red

32Red launched their internet poker room in 2005. It experienced great success as part of the MPN at the tail end of the poker boom.

However, the Unlawful Internet Gambling Enforcement Act (UIGEA) convinced Microgaming to move out of the US in 2006. The MPN has had marginal success ever since.

As a whole, though, 32Red has experienced success in the European betting and casino markets. It has even inked major sponsorship deals with European football (soccer) clubs.

What Should Former 32Red Players Do?

Players still have until May 19 to play their final poker hands at 32Red. After this point, they’ll need to find another option or continue with just sports betting and casino games.

Many internet poker rooms still serve the European, Canadian, and other markets. That said, poker players have plenty of options when migrating from 32Red.

The online poker industry has seen a big spike ever since the coronavirus hit the world in early 2020. This uptick should continue into the foreseeable future.