vpFREE2 Forums

Online Poker Apocalypse

Omg, I just woke up and started reading the news. Black Friday.

I don't have a penny on Poker Stars. A guy took my last one a week ago with a 2-outter. Oh well, I guess I got lucky.

Looks like some heads are going to roll.

This is BetOnSports times 100!

Lucky you! Some of us aren't so lucky and our accounts are frozen. :frowning:

Kurt

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--- In vpFREE@yahoogroups.com, "bobbartop" <bobbartop@...> wrote:

Omg, I just woke up and started reading the news. Black Friday.

I don't have a penny on Poker Stars. A guy took my last one a week ago with a 2-outter. Oh well, I guess I got lucky.

Looks like some heads are going to roll.

This is BetOnSports times 100!

The World Trade Organization has ruled the US govt. (ie US Republicans led by Frisk, Kyle) have no authority to regulate offshore poker sites, but USA closes them down anyway.

USA govt. contends the offshore sites are doing business in US. Yet at same time, USA govt. treats the players money as an offshore account, and if you have over 10k in it and didnt declare it, you will be in trouble. They want it both ways.

US players monies are frozen for now. Neteller was shut down years ago and after about 6 months players got their money back. If players don't get their money back this time, all hell will break loose.

Harrahs will see their World Series of Poker turnout crumble due to this. Last year over 7200 player paid $10,000 to play the big event. Likely less than 2,500 this year as few online qualifiers and everyones money will be locked up.

Ak sar:

I have to respectfully disagree with you on the last point.
Whether the online funds are still frozen or not; the number of entrants in the 2011 main event will be well above 2500.

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--- In vpFREE@yahoogroups.com, "AK-SAR-BEN" <tomskilv@...> wrote:

The World Trade Organization has ruled the US govt. (ie US Republicans led by Frisk, Kyle) have no authority to regulate offshore poker sites, but USA closes them down anyway.

USA govt. contends the offshore sites are doing business in US. Yet at same time, USA govt. treats the players money as an offshore account, and if you have over 10k in it and didnt declare it, you will be in trouble. They want it both ways.

US players monies are frozen for now. Neteller was shut down years ago and after about 6 months players got their money back. If players don't get their money back this time, all hell will break loose.

Harrahs will see their World Series of Poker turnout crumble due to this. Last year over 7200 player paid $10,000 to play the big event. Likely less than 2,500 this year as few online qualifiers and everyones money will be locked up.

I'm asking a legit question out of my own ignorance, because I don't follow the poker tournament scene, but aren't a lot of the WSOP entries from online satellites or something?

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--- In vpFREE@yahoogroups.com, "maclarenv12" <ahduff@...> wrote:

Ak sar:

I have to respectfully disagree with you on the last point.
Whether the online funds are still frozen or not; the number of entrants in the 2011 main event will be well above 2500.

Yes a certain number of main events entries are earned online.
But even when taking that into consideration if the o/u on
"2011 WSOP Main Event Entrants" was set today at 2500

1. I would be the over if I was gonna bet

2. I believe that the over would be the heavy favorite

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--- In vpFREE@yahoogroups.com, "bobbartop" <bobbartop@...> wrote:

--- In vpFREE@yahoogroups.com, "maclarenv12" <ahduff@> wrote:
>
> Ak sar:
>
> I have to respectfully disagree with you on the last point.
> Whether the online funds are still frozen or not; the number of entrants in the 2011 main event will be well above 2500.
>

I'm asking a legit question out of my own ignorance, because I don't follow the poker tournament scene, but aren't a lot of the WSOP entries from online satellites or something?

bobbartop wrote:

I'm asking a legit question out of my own ignorance, because I don't follow the poker tournament scene, but aren't a lot of the WSOP entries from online satellites or something?

If I got the story right...yes and no. They aren't "official" WSOP satellites, but if you win one of these tournaments, the poker service pays your $10,000 fee for you (presumably under the condition that you wear one of their .net-site hats and T-shirts - they had to switch from the .com stuff when the WSOP organizers, at the "request" of ESPN (which was afraid of being fined, or worse, for advertising online gambling sites), banned anybody wearing any .com poker site merchandise from playing; if I remember correctly, players turned their shirts inside-out and put tape over the .com part of their hats until the poker services sent .net stuff for them to wear). It's no coincidence that the number of players dropped immediately after the ban on credit card companies processing online casino/poker charges took effect.

-- Don

Yes, 2500 was too low. maybe 4500-5000 for WSOP 2011 main event is more likley. TomSki

Prior to 2007, the WSOP allowed 3rd party registration into events. If you won a $10K Main Event seat on Party Poker or PokerStars then they would pay your entry directly to the WSOP.

Following the passage of the UIGEA in Oct. 06, the WSOP stopped allowing 3rd party entries. If you won a Main Event seat on PokerStars or Full Tilt they would deposit the package value, typically $10K-$12K into your online account. You had to register yourself and in many cases people just kept the cash. That's why the 2006 WSOP Main Event is still the largest live poker tournament in history. Starting in 2007 the online sites would encourage you to play by offering a bonus, typically $1K, if you actually played and met their requirements for wearing logos, etc. Most sites also offered bonuses if you cashed or lasted late into the tournament and therefore potentially had more TV exposure.

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--- In vpFREE@yahoogroups.com, "Don Del Grande" <don.delgrande@...> wrote:

bobbartop wrote:
>
> I'm asking a legit question out of my own ignorance, because I don't follow the poker tournament scene, but aren't a lot of the WSOP entries from online satellites or something?
>

If I got the story right...yes and no. They aren't "official" WSOP satellites, but if you win one of these tournaments, the poker service pays your $10,000 fee for you (presumably under the condition that you wear one of their .net-site hats and T-shirts - they had to switch from the .com stuff when the WSOP organizers, at the "request" of ESPN (which was afraid of being fined, or worse, for advertising online gambling sites), banned anybody wearing any .com poker site merchandise from playing; if I remember correctly, players turned their shirts inside-out and put tape over the .com part of their hats until the poker services sent .net stuff for them to wear). It's no coincidence that the number of players dropped immediately after the ban on credit card companies processing online casino/poker charges took effect.

-- Don