A wise person once said, “money is very important in poker.” That was me. I said that. You might have thought, with your steam-powered brain, that this nugget concerned only towers of plastic chips being shuffled around in a million simultaneous cash games. Simpleton! Even away from the felt, fiscal forces buffet the poker industry, as we shall shortly see in this week’s Wider World of Poker.

Spanish Money Grab

I imagine that many of you have spent hours telling various friends why it would be a good idea for the U.S. government to legalize online poker. So fish out that tattered sheet of arguments and remind yourself of example 3.5: tax revenue.

The equation simply goes, if you allow online poker companies to operate in your country, you can generate piles of money and make a lot people happy. A manoeuvre hitherto considered impossible.

Cash-strapped Spain have taken this a step further. In anticipation of granting their first official licenses, Iberian authorities have suddenly decided to demand back taxes from all companies who were operating in the country from January 2009 to May 2011. The legal bedrock for these demands come from repurposing two old laws, created in the 60s and 70s. [Tax News]

Aussies Get Legal

With a glacial pace that befits government, country after country are laying the groundwork for their own regulated online gambling industry. Latest to fall into line are our friendly cousins from downstairs, the Australians. It’s all still rumour at the moment, but important people with fancy job titles are suggesting that regulations for online poker and in-play sports betting could become a reality in 6-12 months. [Daily Telegraph (AU)]

Grippo Grabs SCOOP Title 

The Spring Championship of Online Poker is over, a tradition used to mark the beginning of Summer since the ancient Egyptians invented multitabling. The victor of victors was Nick “GripsDsNutz” Grippo. He took down the $10,000 Main Event – the most expensive selection from three different buy-in tiers. His prize was around $800,000, earned not only by great play, but also a savvy piece of negotiation. Rich Ryan over at PokerNews has a great breakdown of how Grippo managed to walk away from a three-way deal with $100,000 in bonus equity. [Poker News]

40K Sit & Go Challenge

When sites like PokerStars announce that they’ve passed their seventy twentieth billionthty hand, it’s difficult to process just how vast that volume really is. With data collected over such a large spread of time that’s to be expected, but I never thought I’d have trouble comprehending the amount of poker one man plans plays in a single month.

Nevertheless that’s how I felt while hearing about Martin “phasE89” Balaz’s decision to play 40,000 Sit & Go tournaments in 30 days. The Czech pro has form in this seemingly insane arena, have previously completed a 24,000 SnG prop bet. I’m definitely pulling for him, if only thanks to the brilliantly grandiose trailer that he and a friend put together to advertise the challenge. That, and when PokerNews asked why he was doing it, he said, “I like popularity.” I can get behind that kind of honesty. [Poker News]

PokerStars a Fine Place to Work

It’s easy to be (often justifiably) cynical about the behemoths of online poker and their occasionally dubious activities, but hats off to PokerStars. Even amid the tumult of Black Friday, a survey of their employees by Great Place to Work have named them one of the UK’s finest workplaces. [Gaming Intelligence]

After that uncharacteristic burst of positivity, I need a rest. The sun has launched a surprise assault on my beloved London, so I’m going to do my part for the nation and lie down on the grass in an attempt to deflect the fiery orb’s attack rays back into space. If this glorious struggle doesn’t cost me my life, I’ll see you again next week for another Wider World of Poker.

In 2005, veteran poker blogger and author of “Lost Vegas: The Redneck Riviera, Existentialist Conversations with Strippers, and the World Series of Poker“  put together his “Top Ten Survival Tips on Surviving Las Vegas.” Dr. Pauly’s sage advice, which ranges from hydrating to the proper tip for a stripper, stands the test of time.

For those of you heading out to the WSOP, here are three other survival tips you might not otherwise think of. (If you have others, chime in): 

Think Layers: Thousands of body heat-generating players come together each day to test their poker skills at the WSOP. To compensate for the pending crowd, the venue is super-cooled before each day’s play. As a result, there can be large temperature swings over the course of an event. A T-shirt, long-sleeved shirt and hoodie should be part of your daily clothing repertoire.

Go Smokeless: During event breaks, smokers have to coin-flip between a bathroom visit and a nicotine fix. Instead of opting for adult diapers, consider smokeless nicotine solutions like the patch or snus. Both offer an even distribution of nicotine over time, making sure you stay focused on your hand and not your nicotine Jones. Check out Dr. Snus for everything you need to know about this smoke-free tobacco alternative.

Find Your Ten-Pin Zen: Poker is a solitary endeavor. Bowling with friends is a near perfect yin to poker’s isolating yang. In close proximity to the Rio, both The Orleans and the Gold Coast have ample and cheaply priced lanes. And if you have a hankering for something on the campier side, consider a trip downtown to the newly opened Drink and Drag. The club has 12 lanes and is staffed by “America’s best drag queens.”

It’s the kind of built-in customer appreciation and multimedia word of mouth a true evil empire could only dream of … or maybe it’s just free advertising Caesars officials have grown to expect:

My how far we’ve come since the days when Jeff Madsen held the mic for the WSOP.

After spending the majority of the past 3 weeks in Detroit, Columbus, and Carlsbad attending weddings, I’m back in my one-bedroom apartment at the intersection of Flamingo and Maryland in Las Vegas. Maybe it’s just the annoyingly vast amounts of construction and “improvements” they’re doing on my building, but there seems to be higher than standard levels of particles and dust in the Vegas air. People are excited, poker players are selling pieces, and Phil Hellmuth moved into the Aria penthouse for 2 months. That electric feeling can mean only one thing… the World Series of Poker is almost here.

I’ve never sold on the open marketplace, so bear with me as I figure this process out. I’m not a high volume tournament player, but I agree with Phil Galfond when he says that strong cash game players can find success in tournaments if they take them seriously.

Poker rooms across town (well, those in Caesars-owned properties anyway) are ramping up their promotion efforts for the series, offering a plethora of ways to win a seat into various events. On top of that, you can step into one of many rooms to pick up a flier for their own mini-series which will run concurrently; events with smaller buy ins but still impressively sized fields and prizes can be found up and down the strip as well as downtown. WSOP time in Las Vegas is awesome. If you like poker, you simply need to see the sheer size of the production that takes place inside the Rio Convention Center. Rows and rows, hundreds of tables (in use, no less…). Strip poker rooms overflowing with players. So many hopefuls, so many fans of the game, all the superstars and several soon-to-be poker-famous players descending on one spot. And let’s not forget… so many fish!

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So many new podcasts. At least the voices in our heads are staying fresh … and there really is more news and analysis related to poker and gaming and casinos and gambling than you can read all over the internet.

Some shows I recently found and/or enjoyed … you may want to give a listen, and perhaps bookmark for recurring download:

Poker Fraud Alert Forum Radio — I try to steer clear of industry love triangles, but sometimes can’t avoid the latest Donkdown breakup story. New and clique-worthy from Druff and Drexel: the pilot episode of their version of the old show, complete with real newschat about a botched pepper-spray robbery for Bellagio cranberries (as per plans hatched on Craigslist), the felony arrest of alleged exposed Vegas scammer Peter Falcone, and informed tangential discussion of female biology on, off, and under the table. http://pokerfraudalert.com/forum/radio.php

Vegas Gang Podcast — Pub-style virtual roundtable, featuring gaming industry wonks talking about non-poker casino numbers and constructions stories with a little history and on-air smoking. http://www.vegasgangpodcast.com/2012/05/vegas-gang-78-may-17th-2012/

CEM Audio Edge — Twitter’s @GamingCounsel (and Pokerati’s own non-binding legal correspondent) Stu Hoegner takes the mic at Casino Enterprise Management for a guest hosting gig and Jersey-style cage match with DC lobbyist and iMega chieftain Joe Brennan, Jr. http://www.cemaudioedge.com/episode/gaming-law-news-guest-host-stu-hoegner

UNLV Gaming Podcast — Dr. David Schwartz’s advanced study of degen living, aka UNLV’s Center for Gaming Research, provides statistical data set to audio, and sometimes featuring research fellows presenting their findings on matters like, on the episide I heard, the sociology of gambling expansion. http://gaming.unlv.edu/podcast.html

The last few months have been a blur of poker and travel. I had a handful of days between wsop circuit stops to unwind and no spare time to write. I should say no spare time to write my blog. I have been working on a side project that has been eating up most of my creative writing efforts and cutting into my poker sessions. Hopefully the work pays off this summer and opens up some new business opportunities. Until things settle down I guess I will have to forgo sleep to fit in my blogging sessions.

St Louis Circuit Props:

Welcome to the St Louis WSOP please “smoke freely”

Picture by David Clark

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The last DD Radio before the 2012 WSOP!  DD NewsGirl Saramar schools us on the latest poker news.  We give away another 10 BTC away in our SealsWithClubs online bitcoin poker tournament freeroll, and Pokerati Dan joins us to tell us that filthy Christians are trying to steal our online poker yet again.  Jewdonk couldn’t get his phone to work, but briefly checked in.

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Another weekend with little activity in the poker world except for the WPT Championship, the WPT Championship’s low turnout, Shaun Deeb acting a greedy player by winning again, and players whining about expired Diamond Cards. I’ll take the slow times this week as next weekend brings about a daily overload of WSOP events and before the degens go broke.

Shaun Deeb is just showing off now. Gave him props last week and I guess it was a little too early as he went one louder by winning the $2,100 H.O.R.S.E. for another $46,000 and change. With his other three titles this SCOOP series coming in Stud events, I’ll just make the assumption that he sat out during the Hold’em and Omaha portions of the tournament just to keep it fair.

The only other events of note leading to the WPT Championship this weekend were the Cal State Poker Championship and Heartland Poker Tour Main Events. 316 players entered the Matt Savage operated Cal State Main Event and Nathan Bjerno won the Big Bear trophy and $133,075 after a heads up chop. Just missing out on the final table were David “The Dragon” Pham*, Allen Cunningham, and Gavin Griffin.

The latest Heartland Poker Tour stop was at the Majestic Star Casino located in lovely Gary, Indiana (aka East Chicago). HPT has been running hot this season and just missed a record field at this event, although they topped their numbers from 2011. Daniel Acevedo was the last player standing at the televised final table and picked up $133,081.

* – Not a real dragon

Photo: WhoJedi

This Week’s Boxscore

Shaun Deeb $46,325 PokerStars SCOOP $2,100 H.O.R.S.E.
Nathan Bjerno $133,075 Cal State Poker Championship
Daniel Acevedo $133,081 HPT Majestic Star

Link Dump

White House Responds to Online Poker Petition – Thousands of poker players (but not tens of thousands) signed a capitlization-challenged petition calling on the US Government to licence and regulate online poker. Brian Deese, Deputy Director of the National Economic Council, responded with a 339 word “thanks but no thanks”. I’m sure Gaming Counsel might have a more articulate read than mine.

New World Series of Poker Bracelet – The WSOP unveiled their newest champion’s bracelet, which apparently diminishes the accomplishements of THE previous Main Event winners.

Wait until you guys see the WSOP Main Event bracelet.Let’s just say this is THE year to win the Main Event. #blingerisbetter

— WSOP(@WSOP) May 17, 2012

I realize it’s just a marketing blurb meant to pump up the excitement, but I imagine the bracelet could be the most hideous piece of jewelry in the world and it wouldn’t stop players from trying to win the Main Event.

WPT Championship Numbers Down – I meant to write a few words on the significant decrease in the WPT Championship field size but ESPN Poker’s Andrew Feldman 1) beat me to it and 2) is a better writer than this hack. He lays out several reasons for the decline including SCOOP, Black Friday, and the Bellagio treating the event like crap. It will be interesting to see the numbers from the WSOP this summer.

The Micros are back! – A kind of back. The brilliant minds behind the popular web series released a comic the other day to which we can all relate. Enjoy.

Click image to embiggen

Be sure to check out our new sponsors at Face Up Gaming. Legal, subscription-based online poker with plenty of great prizes including cash, WSOP seats, and poker trips. Sign up with Bonus Code pokerati.

Today I would like to debut a new profession: Zournalism. If you’ve ever tried journalism before, then you will recognize a few similarities. For example, all of its constituent parts, practices, and disciplines are the same. Anyone who reads or undertakes journalism should be able to transition to Zournalism without noticing any difference, other than the added frisson of doing something that begins with a ‘Z’.

Zoom Poker Exits Beta

In unrelated news, PokerStars have officially launched Zoom Poker. When you fold a hand during a Zoom game you are instantly transported to another table and dealt a new hand. Now, correct me if I’m wrong, but I’m pretty sure there used to be a company called Full Tilled, or something like that, who had this ‘Rush Poker’ idea that was strikingly similar. They didn’t have an Android app though so I’m sure this is totally different. [WPT Mag]

Blaze Poker Enters Beta

In even more unrelated news, Ladbrokes have launched Blaze Poker, an exciting new format in which players are dealt a new hand every time they fold. They are the first company on the Microgaming network to unveil this new software. Other Microgaming sites are expected to add Blaze Poker to their roster, in a wave of brazen plagiarism. [Card Player]

Overpriced Bulgaria Slashes Fees

Bulgaria may have overestimated their attractiveness to the online poker industry. After following the increasingly common European model of ordering local ISPs to block all external gambling sites, they set about imposing their system of regulations and taxes. Unfortunately, their ambitious attempts to impose a 15% levy on all gambling outfits have been foiled by the major EU nations charging what amounts to half that much. The Bulgarian tax rate is set to drop to either six or eight percent. [Casino Choice]

Belgium Welcomes Online Gambling

Belgium, on the other hand, are having no such problems. Their ‘ban all outsiders and offer our own licenses’ plan is working out very well, with both PokerStars and Partouche setting up camp in the centre of the world’s waffle industry. The particulars of the Belgian system require a company to be partnered with a local bricks-and-mortar casino, but – in a move that sets them apart from the continental trend – does allow players to join networks that include players from around the world. [OnlinePoker.net]

Bwin.Party’s Mixed Results

It’s all business over at bwin.Party, with Q1 financial results revealing a 1% rise in overall revenue, masking a 3% fall in poker figures. They will doubtless be hoping that their upcoming ‘social gaming platform’ adds a little extra boost to their poker numbers. A man in a press release said they would be “leveraging core assets,” so it’s bound to be good. [Tight Poker]

I’ve scrapped my plans for Zournalism, it wasn’t working out. Tune in for next week’s Wider World of Poker where I plan to unveil Bournalism, a new style with hundreds of brand new, never before seen, tried and tested, well worn features. I can feel your excitement bubbling at the mere thought. Try your best not to rip me off in the intervening days.

An order has hit the docket in the Black Friday prosecutions in New York. In it, Judge Lewis Kaplan indicates that the court will consider an upward adjustment in Mr. Beckley’s sentence on the ground of “an aggravating circumstance.” What does this mean?

In Mr. Beckley’s plea agreement, the government and he agreed that his U.S. Sentencing Guidelines range was 12-18 months’ imprisonment for both of the counts to which he pleaded guilty, meaning that it would not be unreasonable to expect that his custodial sentence would fall somewhere in the range of 12-18 months. However, these are only guidelines; the court has the power to take into account circumstances that it believes have not been adequately covered by the sentencing guidelines. In this case, the applicable guideline places a premium on “the reasonably foreseeable pecuniary harm” to the bank under the plea to the bank fraud conspiracy count. From a reading of the order’s text, the government is “not in a position to establish pecuniary harm.” However, Judge Kaplan states that the defendant “conspired to circumvent, and circumvented, governing laws of the United States in order to conduct or facilitate an unlawful business or businesses involving billions of dollars from which those businesses gained many millions of dollars.” The judge is concerned that the guideline’s heavy emphasis on loss might not result in an “appropriate” sentencing range and, therefore, appears to believe that an upward departure may be warranted in Mr. Beckley’s case.

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Jeff has a great show tonight, we are lucky to speak with Shaun Deeb who has won 3 Pokerstars SCOOP events already this series. Shaun talks to JW about his victories and what is in store with him this summer at the WSOP. Next up we speak to Dave Ferrara who is a Las Vegas poker player and blogger for Pokerati.com.

Download show (right click and save)

With online lottery sales successful, Illinois may consider expanding to online poker. This while polls in New Jersey gives conflicting information about internet gambling. Also, our interview with the Lotos Affiliate Program.

A lotta free poker sites looking for your business these days. Should be interesting to see which ones play the game right enough to stick around for a few years.

One such site, Face Up Gaming, threw a $5k real-money freeroll last weekend and has another one this Sunday, noon PT (3p ET). Not a bad way to invite people to check out your new software. No qualifying points nor anything required … just click, give up some basic info, and play.

Ahh, just like old times-ish!

I’ll be there … for my first non-Zynga online poker of 2012.

With the World Series around the corner and the Pokerati NLH/PLO on a Pre-SOP hiatus, I almost forgot to be thinking about my actual play. So what better way to begin insulating my bankroll than by listening to the latest episode of Cash Plays — featuring the biggest sucker outer in Epic Poker history, the one guy I consistently beat in the Pokerati game, and that other guy who I’m pretty sure is a pro!

audio download

Seriously, I know simply by thinking about poker skills and on-table situations (as opposed to poker news, poker laws, etc.) I’ll improve my game and presumably my results. For more serious felt work, they’ve increased the trial membership over at Stack’Em Coaching from three days to seven.

Quad queens at the Wynn, a few hands after losing with quad jacks. Read below for the best bad beat jackpots in Vegas.

This is not a bad beat story, though it starts with one.

This is a story about bad beat jackpots, and the lack thereof.

Playing a 1-3NL game the other day, I raised to $12 in late position with JhJd.

An older man — here’s him as a younger man, seriously — called on the button, one of the blinds called and the limper directly to my right called.

The flop was a dream: Js5c7c. And it was checked to me, so I bet big, hoping to build it up with one of the suckers stupid enough to call my preflop raise.

To my delight, the button moved in for $150. The blind folded and the limper contemplated.

“Please call, please call, please call,” I thought.

And he shoved for $200.

Oh boy, dreams do come true.

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