Posts Tagged ‘online poker games’

Swedish Poker Bots win $1.8m, Shut Down Afterward

Sunday, February 24th, 2013

People have been experimenting with poker bots for years now. These computer programs are used in online poker games because they run on their own and make decisions based on statistical observations. Players often debate about exactly how successful these bots are against humans, who can think analytically. However, there’s no denying that poker bots have been successfully used in Sweden after making a collective $1.8 million.

Sweden’s state-owned gaming operator, Svenska Spel, recently shut down 14 poker accounts after it was discovered that they earned $1.8 million in profits. Most of the money was made in the past six months at stakes ranging between $0.25/$0.50 and $3/$6 NL Hold’em.

About four months ago, a player reported suspicious activity from certain players to Svenska Spel. However, the gambling company admits to being slow in turning the matter over to Swedish police. By the time Svenska did turn their findings into the police, only $108k of the original $1.8 million was left in the 14 accounts.

Since then, the authorities have lunched an investigation into the accounts in hopes of recovering the money. Furthermore, the Swedish Gaming Board has begun questioning Svenska Spel on what all they know about the poker bot incident.

The reason why this matter has become such a huge deal is because online poker rooms  have outlawed bots – at least when they’re profitable. These programs can run 24/7 and play millions of hands for users, which gives bots a distinct advantage over humans.

Up until recent years, poker bots were largely unprofitable because they can’t read other players. However, computer programmers are constantly advancing these programs, and it appears as if bots are now good enough to consistently beat lower-mid stakes. It may only be a matter of time before they’re able to beat $5/$10 Hold’em games and above.

Closer Look at 2012 WSOP Main Event Final Table

Tuesday, July 17th, 2012

The 2012 WSOP Main Event final table is set now that there are only nine players remaining in the tournament. These lucky rounders made it through a brutal tourney that began with 6,598 entrants, and everybody is guaranteed to collect at least $754,798.

Of course, nobody is thinking about the ninth place prize since all eyes are on the top payout of $8.5 million. At this point, chip leader Jesse Sylvia has the best chance of winning the $8.5m, and you can take a closer look at him along with the other competitors below.

2012 WSOP Main Event Final Table Bios

Nobody at this year’s final table is a huge name, but there are plenty of well-established grinders and professionals. That said, the following players should make for an interesting couple days in late October, when the final table resumes play:

Jesse Sylvia, 43,875,000 chips – Before storming onto the final table with the chip lead, Sylvia was largely unknown outside of the Vegas mid-stakes cash games scene. Excluding the Main Event, he has just under $24k in live tournament cashes.

Andras Koroknai, 29,375,000 chips – The only non-American on this final table, Koroknai primarily makes his living through online poker games. However, the Hungarian did have a huge victory at the 2010 LA Poker Classic Main Event ($1,788,040).

Greg Merson, 28,725,000 chips – Merson is a skilled online cash games pro who really busted out this year after winning the 2012 WSOP Event #57 NLHE tournament along with $1,136,197.

Russell Thomas, 24,800,000 chips – An actuary by trade, Thomas also dedicates plenty of time to the poker tables and has $126,796 in live tournament cashes.

Steven Gee, 16,860,000 chips – At 57 years old, Gee is by far the oldest player at this final table. He makes a living through live cash games in California and won a bracelet in a 2010 WSOP $1k NLHE tournament ($472,479).

Michael Esposito, 16,260,000 chips – Esposito is another amateur and his full-time job revolves around commodity trading. He does have a nice poker resume though with $172,806 in live tourney cashes.

Robert Salaburu, 15,155,000 chips – Prior to Black Friday, Salaburu made his living by playing online tournaments and cash games. He has 10 live tournament min-cashes too.

Jacob Balsiger, 13,115,000 chips – An amateur poker player/Arizona State University student, Balsiger seems to have the least experience on this final table.

Jeremy Ausmus, 9,805,000 chips – Ausmus is another Las Vegas cash pro who’s venturing into the live tournament arena more these days. He cashed an incredible nine times during the 2012 WSOP.

John Duthie Moves foreshadow US Online Poker Regulation

Thursday, January 5th, 2012

John Duthie has become a legend within the poker community for starting up the European Poker Tour, and helping it to become one of the top three poker tournament organizations in the world. Interestingly enough though, Duthie resigned from his position as CEO of the EPT, and also chose not to renew his contract with PokerStars.

Duthie’s decision to leave the EPT especially comes as a shock because the UK native has successfully guided this company towards major TV deals and profits in his seven years with them. So what could make him leave the company he started and a lucrative deal with PokerStars? The answer is that Duthie is eyeing something even bigger in the US online poker market.

As of now, the future of US online poker is in limbo because the UIGEA is still in effect, and it’s unclear as to whether states, the federal government, or a combination of both will bring online poker games to players. However, one clear thing is that internet poker is closer than it’s ever been to being fully legalized in the US. And for someone like Duthie to leave behind big money-making jobs to chase after American opportunities has to mean something.

The 53-year-old basically said so in as many words by stating, “There are going to be some amazing opportunities coming up in 2012 and 2013 as the U.S. market prepares to open up for business once again, and I want to be available to take on new challenges, and to cement new relationships moving forward.”

We don’t know exactly what Duthie plans to do in a free online poker world over in America, but it’s got to be something big. Furthermore, you have to think that Duthie has some insider knowledge that the US is really getting close to regulating online poker on a wide scale level.