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#1
03-06-2005, 10:50 PM
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News of the Week 3/6/2005 + a special toejam bounty
One million bonus points to the person who can tell me why i havnt been able to clean up my links the past two weeks.....
***TOEJAM BONUS*** There is a $29 bounty on my head (for the 29 straight games the illini won before getting knocked off this past weekend) for anyone who posts a comment about one of the articles in this thread and knocks me out of toejam. This offer is only valid if you post your comment before the start of toejam on tuesday. 3/6/2005 Lobbying blitz begins on Internet poker measure AP http://www.grandforks.com/mld/grandforks/11068235.htm Canadians wary of online casinos Canadian Press http://www.macleans.ca/topstories/ne...ntent=n030639A Internet poker bill: Feds say it’s illegal The Bismark Tribune http://www.bismarcktribune.com/artic...tate/sta01.txt Poker players ante up under plea deal Greensboro News Record http://www.news-record.com/news/local/poker_030505.htm 3/5/2005 Gambling on Internet enters homes, offices The Morning Sun http://www.themorningsun.com/stories...elcol001.shtml Brief summary of ND Internet poker proposals AP http://www.grandforks.com/mld/grandf...e/11061201.htm Online poker a booming global enterprise Reuters http://www.reuters.com/newsArticle.j...toryID=7816192 3/4/2005 Harrah’s shuts down UK gambling website Las Vegas Sun http://www.lasvegassun.com/sunbin/st...518386113.html Jowell warns on Gambling Bill hold-up Financial Times http://news.ft.com/cms/s/3ebe6622-8d...00e2511c8.html Online poker seen doubling in 2005 Reuters http://www.reuters.com/newsArticle.j...technologyNews Just rely on me when the chips are downloaded Scotsman http://news.scotsman.com/opinion.cfm?id=239672005 Raymer to visit North Dakota for hearing Bismark Tribune http://www.bismarcktribune.com/artic...ocal/nws02.txt Restaurant takes poker off menu Greensboro News Record http://www.news-record.com/news/loca...ker_030405.htm 3/3/2005 Gambling charges yield two suspended sentences Centre View http://www.connectionnewspapers.com/...62&cat=104 Gambling at restaurant spurs sweeping investigation WFMY (Greensboro, NC) http://www.wfmynews2.com/news/local_...?storyid=37231 Poker coming to West Virginia? Daily Mail http://www.dailymail.com/news/News/2005030340/ 3/2/2005 Houston Hold’em Houston Press http://www.houstonpress.com/issues/2...s/feature.html 3/1/2005 Oregon House Oks Texas hold’em Las Vegas Sun http://www.lasvegassun.com/sunbin/st...518370980.html MD poker tourney raided WJZ News (Ocean Pines, MD) http://wjz.com/localstories/local_story_060094958.html MI cracks down on bar gambling AP http://abclocal.go.com/wjrt/news/030...crackdown.html In poker, Phil Gordon is one of a kind Mercury News http://www.twincities.com/mld/twinci...y/11019942.htm Senator wants you to hold’em, not fold’em Minneapolis Star Tribune http://www.startribune.com/stories/1405/5265960.html 2/28/2005 Poker coming to NY’s Catskills? Capital News 9, NY http://www.capitalnews9.com/content/...sp?ArID=119871 Raking in on the Internet The Crimson White http://www.cw.ua.edu/vnews/display.v.../4222b9e33a8cc A stock exchange for bettors Business Week http://www.businessweek.com/bwdaily/...8001_db039.htm 
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#2
03-06-2005, 10:54 PM
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Re: News of the Week 3/6/2005 + a special toejam bounty
Quote of the Week:
"The poker thing is fantastic," he says. "It requires a lot of concentration, and my mental stamina is great." Currently, he can handle four tables simultaneously, displayed on four computer screens his nephew rigged up. He's confident the hobby will remain precisely that because he sticks at the 50-cent and dollar levels, and, "I'm not good at losing. I'd quit if that were happening." http://www.bankrate.com/brm/news/advice/20050228a1.asp
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#3
03-06-2005, 11:03 PM
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Re: News of the Week 3/6/2005 + a special toejam bounty
***TOEJAM BONUS***
There is a $29 bounty on my head (for the 29 straight games the illini won before getting knocked off this past weekend) for anyone who posts a comment about one of the articles in this thread and knocks me out of toejam. This offer is only valid if you post your comment before the start of toejam on tuesday. http://www.startribune.com/stories/1405/5265960.html comment = bling $29 come to Granny watch you back 
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#4
03-07-2005, 12:12 AM
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Re: News of the Week 3/6/2005 + a special toejam bounty
Quote:
The Fallacy of Online Poker Gambling by Stephen Katz Online poker is rapidly becoming one of the most popular gambling games at gambling websites on the internet. The main reason for this popularity is the belief that it is a game of skill in which money could be won. This belief is a fallacy. Skillful play will never help gamblers to win money at online poker because winning money at online poker is impossible. Online poker is a game of skill only to the extent that skillful play would allow gamblers to lose their money slower. Money could temporarily be won in the short-run. In the long-run though, the gambling "house" which operates the gambling website, will permanently win all the money from all of the players. With a fast played game such as poker, the short-run quickly becomes the long-run when playing enough hands. Each hand played whether winning or losing any particular hand, slowly disintegrates the bankroll of every gambler. There is not anything that gamblers can do to save their bankrolls except to never play online poker. The top poker players in the world do not play poker at gambling websites. Some top poker players may say they do only because of getting paid for endorsements. These top poker players know they can beat the other players, but that they cannot beat the house. There is not anybody on the face of this earth who can make money playing online poker. Even the world’s best poker player will never be good enough to overcome the "rake" which is the house cut from each pot. "It takes a minute to learn and a lifetime to master" is a phrase used by some gambling website promoters to describe the poker game of Texas Holdem. This phrase is true when playing against other poker players if there is not any rake. But this phrase is false for online poker because of the rake involved. Gambling house promoters know this phrase is false for their poker. Yet they keep parroting this phrase to fool you into thinking that even though you keep losing money at their website, that one day you could "master" Texas Holdem and then start making money. This phrase for online Texas Holdem should be corrected to truthfully state, "It takes a minute to learn and a lifetime to lose money." Here is an example of how the gambling house will always win all the money from all of the players. Five players sit-in on an online poker game each with a $20 bankroll for a total at the website table of $100. Let’s say the average pot is $10 and the rake is 5% or 50 cents per hand. Let’s say 200 hands are played which does not take that long. After 200 hands, that 50 cents rake per hand totals $100 which is the entire amount that all of the players started with at the website table. Of course not all of the players go broke at the exact same time and fresh money can come into the game. But sooner or later each gambler will eventually lose their $20 bankroll every time without exception. If bringing in $20 more, that will also eventually be lost. Every amount brought in will eventually be lost through continued play. Those are the facts in a nutshell. Any honest mathematician, statistician, or numbers expert who understands the game of poker, would not dispute the example in this paragraph. Now knowing that money cannot be won playing online poker, here are three more nails in the online poker coffin so that this complete waste of your money, time and life can be buried: 1. How do you know the other online poker players are real? You could be the only real player at the website table with the rest being software program players which would be programmed so that you could not possibly win even in the short-run. 2. How do you know the cards are a randomly dealt deck? You would eventually lose your money anyway even with a randomly dealt deck. However some gambling houses do not want to wait that long to fleece you out of your money. The cards could be rigged in any which way to assure that you will lose quicker. They can easily rig any hand. For instance you could have four kings on the flop but a software program player gets a fourth ace at the river to beat you. 3. How do you know a gambling website can be trusted with your bank account and credit card information? Without your knowledge, they can easily clean out your bank account and max out your credit card anytime they wanted. After they do this, even if locating them in their country of origin and getting them hauled into court, they could just falsify some computer records and claim that you gambled away the money. It is highly unlikely that a judge from their country is going to rule in your favor. There are a good number of dishonest gambling websites out there just waiting to steal money from you. But even if you did happen to find the most honest, forthright, respectable gambling house that exists, it still is a money fleecing business which would be most happy to financially destroy you. Do not give them the pleasure no matter how nice their website appears to be. Do not give them the pleasure no matter how friendly their promoters seem to be. Do not give them the pleasure for any reason. These gambling houses along with their slick marketing campaigns are very clever at trying to influence you into gambling. Do not believe any advertising or information from gambling websites or other sources which state or imply that money can be made playing online poker. Do not let them fool you but if they have, then permanently delete their money fleecing software from your computer. You have a choice to follow the guidance of this article or play online poker. Playing online poker will cost you money and quite possibly a lot of money. You may get addicted to it even if believing that could not happen. It very well can happen. Unfortunately, getting addicted to online poker has happened to many people. But even if never technically getting addicted to online poker, isn’t it foolish to play a game in which losing your money is a certainty? Losing money is not only true for online poker, but for all other gambling games on the internet. There are not and never will be any exceptions. You are absolutely, positively, guaranteed to lose your money. Those are the facts. Do not allow gambling promoters or anyone else to convince you otherwise. Please make the right choice, the smart choice and the necessary choice to never play the money losing game of online poker or any other online gambling game. Keep your money in your bank account where it belongs. Your money does not belong in the bank account of a gambling house. Stephen Katz Stephen Katz is the author of Gambling Facts and Fictions: The Anti-Gambling Handbook to get yourself to stop gambling, quit gambling or never start gambling. If interested, please check out the website for our new book at http://www.gamblingfactsandfictions.com/ which details the realities and consequences of gambling. Stephen Katz quitgamblingbook@aol.com author USA View other feedbacks from Stephen Katz (3) See also: Stephen Katz rebuttal to some replies The article "The Fallacy of Online Poker Gambling" was carefully researched, and is factual and true. The replies are appreciated. All comments are taken into consideration. The comments disagreeing with the article are understandable, but are incorrect. It’s your choice to believe the information in the article or believe the hype from online casinos and those friendly to them. We are trying to save your money and the online casinos are trying to take your money. You can trust us or them. Statistics can be altered or analyzed to support almost any conclusion, but this cannot change the truth. There has not been a single documented case of a winning long term online poker player from a reputable auditing firm of the kind which certifies other types of contests, etc., from businesses, etc. Now if there did exist such “winners” playing online poker, why wouldn’t they be broadly advertised along with the documentation? The same way a company such as Publishers Clearinghouse advertises their winners along with the documentation from reputable auditors. The reason online casinos don’t do this is simply because there aren’t any winners. Yes there are some advertised tournament winners, but these tournament players have basically the same chances of hitting a lottery. By the way, these tournament “winners” also have not been documented in the proper way. These winners are very suspect and are quite possibly a “friend of the family” or someone like that. Without proper auditing, the gambling website can declare any tournament winner they want, even if the person didn't ever play in the tournament. Some people tend to brag about money being won playing online poker. Others may want to believe this bragging, hoping that someday they could also win money playing online poker. Benjamin Franklin once said, “Experience is a dear school.” This school lesson can be learned now by never playing online poker or learned later by losing a lot of money playing online poker. Playing online poker is indeed a dear (costly) experience for everyone. There will never be any exceptions no matter how online casinos or anyone else spins it. Alchemists in the Middle Ages attempted to turn rocks into gold. That was impossible and so is winning money at online poker. Stephen Katz Stephen Katz quitgamblingbook@aol.com author Both essays re-posted from here.
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#8
03-07-2005, 12:19 AM
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Re: News of the Week 3/6/2005 + a special toejam bounty
[ QUOTE ]
that's a helluva lotta words CLIFF NOTES here free! ----> author says you can't beat the rake [/ QUOTE ] How much more wrong could the author be? It's not the rake that makes online poker unbeatable, it's all the bad players. TOO MANY BAD PLAYERS!
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#10
03-07-2005, 12:31 AM
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Re: News of the Week 3/6/2005 + a special toejam bounty
golly...what an idiot.
doesn't really help the game to have morons out there talking about rigged tournaments, etc. why is the guy in the article cubs listed playing on 4 monitors? did he watch Tilt? for those who missed it, sponger posted a pretty funny article from the indy-star over in the NVG forum. surprised cubs didn't include it here.
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