Instapoker

by , Mar 28, 2007 | 8:06 am

It’s been way too long since I’ve done an Instapoker. Please bear with me as I delete emails and close down a random assortment of open tabs in my browser:

An interesting site about high-stakes online play.

IGGY is back posting at Guinness and Poker. Good for him … that’s where he belongs. Of course he should know that no one will believe word of his “retirement” ever again.

Another site that previously disappeared has since transmogrified … WPBT headquarters. (World Poker Blogger Tour, for those who don’t know.) Not sure who’s behind the new WIKI or where they’re going with it, but we’ll be clicking every once in a while to see what’s going on. (Go DOT-INFO!)

NETELLER is now pulling out of CANADA (where they are based) and TURKEY (which has arguably the toughest INTERNET POLICE FORCE out there.

Gambling 911 reports that there’s no record of Neteller funds seized by the United States. Disconcerting if true. A Neteller Customer Coalition has formed to, er, do something about it and/or at least have a place to bitch.

CHRIS FERGUSON’s boring table demeanor:

It supposedly SNOWED in LAS VEGAS yesterday.

And that comes just two weeks after the purchase of a DISNEYLAND-size swath of land on the SOUTH STRIP to become the site of a monstrous pee-recycling environmentally friendly indoor water park and “snow dome”. Via some presumably stoked BRITISH SNOWBOARDERS.

American poker money is getting more expensive. ULTIMATE BET has altered its affiliate agreements for US players, subtracting for “overhead.” UB was kind enough to let inform its AFFILIATES three weeks after the policy went into effect:

March 13, 2007

Attention Affiliates… Regarding US Traffic Only!
Effective: Thursday, February 22, 2007

UltimateBet is still holding a strong position in the U.S. market providing poker players from around the world with the very best online poker experience. We are 100% committed to staying in the U.S. and provide your players with the easiest, fastest, secure deposit and cashout options. However, in light of Neteller and other popular ewallets leaving the U.S., our processing fees have increased upwards of 5 times. These costs are higher due to the new and only deposit options available to U.S. customers, some of these deposit options also require UltimateBet to cash guarantee all funds – please note we keep a cash reserve to cover all of our player balances.

Due to this increase in costs, UltimateBet has amended its terms and conditions so we can stay in business to enable you and Ultimate Bet to keep making money and not be forced to leave the US market.

Calculation of Net Revenue has been amended to reflect the following:

All Affiliates are paid on net revenue. Net revenue is calulated by taking the gross revenue an affiliate’s player generates and subtracting any processing fees which can include:
Merchant processing fees;
Charge backs;
Processor default;
Tourney deductions;
Any other agreed upon deductions.
The amount of these deductions will be taken off of Gross Revenue. At that point the remaining number is considered the Net Revenue. You, the affiliate, will be paid based on this net revenue number.

Please see the example below:

Gross Revenue generated by the affiliate’s U.S. players.
Minus Processing Fees.
Minus tourney deductions and any other agreed upon deductions.
= Net Revenue.
You, the affiliate, are then paid their RevShare on this net revenue.

Last, we will combine your U.S . commission with your Non-U.S. commission for your total payment.
UltimateBet has the most competitive merchant processing in the industry – i.e. your customers will be able to deposit and cashout better with UltimateBet than any of our competitors – this means higher customer lifetime values and bigger checks for you that will continue!

By staying in the U.S., UltimateBet is making the commitment to allow you to continue to make money!

Your non-U.S. traffic will not be included in these changes. This is only for U.S. traffic.

Effective: Thursday, February 22nd!

Should you have any questions or concerns, please do not hesitate to contact us!

The UltimateBet Team

Speaking of ULTIMATE BET, I think this is the kind of questionable appropriation of the WSOP LOGO that HARRAH’S says it will frown upon vigorously be trying to stop:

(Note: No offense to MEAN GENE, who is just doing his job.)

Speaking of jobs, PAULY, OTIS, and the SHRINK are kickin’ it in MONTE CARLO.

And Pauly has an awesome interview with the hip-hoppinest PROFESSIONAL KENO PLAYER, who happens to be from TEXAS.

There’s more stuff going on, of course … but I think that’s good for now.


2 Comments to “Instapoker”


  1. Fresh Princess
    says:

    Yes, I saw the Professional Keno Player interview, very disappoiting since for years my husband has claimed at the poker tables that he is a professional keno player. Perhaps he has played with this fella.


  2. Mean Gene
    says:

    Hush about the WSOP logo! I think I’d rather face Alberto Gonzales and the DOJ than a phalanx of suits from Harrah’s.