Archive for November, 2008

Phil Hellmuth now has his own poker clothing line

Friday, November 28th, 2008 | Miscellaneous | No Comments

Phil Hellmuth launched the Poker Brat Co. apparel line. At PokerBrat.com you can find a big assortment of various clothing articles, like T-shirts or hats. The hats have a “PH” logo on them and the shirts have a poker tree in the front or “Poker Brat Clothing Co.” written across the middle. Some of the designs are pretty cool but i think, that he won’t sell much outside the poker world.

Nevertheless, after his deal with the Miller Brewing Company of Milwaukee, who print his face in front of their beer cans, this is another great deal from Phil Hellmuth. He really knows how to market his image as a poker brat.

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Cycalona „Clonie” Gowen sued Full Tilt Poker

Tuesday, November 18th, 2008 | Poker rooms | No Comments

Cycalona Gowen, better known as Clonie Gowen, has sued Full Tilt Poker and the various people and companies associated with Full Tilt for the sum of $40 million dollars. The list of defendants is impressive. First, there are the various companies like Full Tilt Poker, Tiltware LLC and Pocket Kings Ltd. Second, Clonie Gowen sued also the founders of Full Tilt, Howard “The Professor” Lederer and Chris “Jesus” Ferguson, and all the equity holders in the company, including Jennifer Harman, Erick Lindgren, Phil Ivey, John Juanda, Erik Seidel, Mike Matusow, Gus Hansen and Patrik Antonius.

Clonie Gowen claims that the defendants are guilty of a number of things, including Breach of Contract and Unjust Enrichment. In 2004, she had the opportunity to become a member of Team Full Tilt Poker. She was offered a 1% stake in the company for represent and promote Full Tilt. Till now, she says, this stake is not paid. The problem is, that she had no written contract. It was only an oral agreement. Therefore it is likely difficult for Clonie Gowen to prove her statements.

Nevertheless Full Tilt Poker will do anything to keep this case out of court. If this case would go to court, all the associations between the poker pros and the various companies written above will rise up. This will be very interesting for the Internal Revenue Service (IRS), the US government agency responsible for tax collection and tax law enforcement and the worst case for Full Tilt.

If we hear something new about this case we will update this post. So stay tuned!

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Playing Badugi for real money: New Sit-and-go’s at pokerstars.com

Thursday, November 13th, 2008 | Poker variants | No Comments

As we mentioned earlier, you can play the poker variant badugi at PokerStars. Until now there were only play money games. Yesterday I discovered, that there are Sit-and-Go’s (SNG) for real money as well. As you can see in the next image, there are all kinds of limits, from buy-ins of $1 up to $200 (click to enlarge):

Screenshot Badugi at pokerstars.com

If you can’t find badugi SNGs, you may have to activate the checkbox in the options:

Screenshot Badugi at pokerstars.com (options)

I don’t know, if it is a good idea for me to play badugi for real money. I used to play a couple of play money games and it is really fun. But otherwise, badugi should be new to most of the players at pokerstars. So maybe there are more fishes and donkeys than in other poker variants? What do you think? Have you any experiences?

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Peter Eastgate youngest winner of the WSOP Main Event 2008

Tuesday, November 11th, 2008 | Tournaments | 1 Comment

Peter Eastgate is the winner of the main event of the WSOP 2008. He defeated Ivan Demidov and is the youngest winner so fare. He displaced Phil Hellmuth from this title, who won in 1989 at the age of 24.

After a marathon final table, which lasted more than 14 hours, Peter Eastgate won the tournament when he turned a street from Ace to five and his opponent had only two pair.

Peter Eastgate gets $9.152.416 and the bracelet. Ivan Demidov as second gets anyhow $5.809.595.

Congratulations to Peter Eastgate!

Here are the results and the payouts of the final table:

Position Name Country Payout
1 Peter Eastgate Denmark $9.152.416
2 Ivan Demidov Russia $5.809.595
3 Dennis Phillips USA $4.517.773
4 Ylon Schwartz USA $3.774.974
5 Scott Montgomery Canada $3.096.768
6 Darus Suharto Canada $2.418.562
7 David (Chino) Rheem USA $1.772.650
8 Kelly Kim USA $1.288.217
9 Craig Marquis USA $900.670

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It ain’t over ’til the fat lady sings

Wednesday, November 5th, 2008 | Miscellaneous | No Comments

It ain’t over ’til the fat lady sings is a very important guideline in a poker game and means that you shouldn’t assume the outcome of a hand until the river is dealt and the hand is actually finished.

If you are ahead and big favorite to win the hand and you lose instead, this is often called a bad beat. There is no consensus among poker players, which situation is a bad beat and which is not. In my opinion, there are no bad beats, its all math. With Pocket Rockets e.g., you have only a 80% winning chance preflop. That means, that you lose one time out of five when you are dealt pocket aces.

In the following hand, I had 7 7 and my opponent held K K♠. I was a 19% underdog preflop to win this hand.

As you can see, I won the hand with a straight. The most players would call such a hand a bad beat, but as I stated above, its all math. Preflop I had a 19% winning chance and therefore in one hand out of five, I will win the hand.

The question is, how do you handle such an outcome. Do you go on tilt like Phil Hellmuth or do you accept bad beats as an unpleasant but necessary drawback to a tactic, that works the majority of the time and let you win more money? Good players will never lose their pokerface and endure such situations.

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