Showing posts with label UIGEA. Show all posts
Showing posts with label UIGEA. Show all posts

Thursday, February 11, 2010

10 Reasons NOT To Play Online Poker

10 Reasons NOT To Play Online Poker

The previous post reviewed my 10 Reason To Play Online Poker. Now, here is my list of 10 Reasons NOT To Play Online Poker. You may not like my list, but that's poker.

1. Online Poker Sites Are Not Regulated or Licensed in the US.

Without some type of oversight, poker players can not be sure if the sites are cheating them. Some argue that it is not in a poker site's best interest to cheat, since so much money is coming in anyway. Unfortunately, greed can corrupt. And unregulated companies have proven time and time again, where there is a will (to dupe the people to make more money), there is a way.

2. The Online Poker Sites RNG (Random Number Generator) Ain't So Random.


RNG's are complex computer programs. However, software can be altered to create subtle changes that effect play and results. Are there more bad beats online? Are there more big hands, like quads and straight flushes that occur online? Does it seem that there are too many heads-up situations where one premium hand loses to another premium hand to create more excitement? Yes, yes and yes.

3. Online Poker Sites Support Their Integrity Claims by "Independent" Audits--Are They Really Unbiased?

The sites audits may be independent, but they have to be biased. Why? The firms who audit a poker site get paid by that site. In recent history, a top ten accounting firm closed down to their "independent" audits. And major US corporations have also been forced into bankruptcy due to fake accounting; e.g. Enron.

4. There Have Been Major Cheating Scandals Online That The Online Poker Sites Never Caught.

There have been a handful of major, public cases where poker players have been cheated by outsiders. Did the online poker site catch this cheating? No. The only reason that these cases became public is because other poker players did their own analysis of what had happened and reported it.

5. Other Cases of Cheating Are Happening Online, But No One Gets Caught.

There is so much money being gambled every minute, it is too juicy for unscrupulous people to take advantage of other players. For example, do you think collusion has ever occurred at an online poker site? What about other forms of cheating, like playing in the same event under different user names? Or, a top player who plays under a friend's user name to help increase his bankroll? It happens. It is usually transparent.

6. What About The Frequency of Stories Regarding New Players Getting An Edge or A Player Losing After Withdrawing Money From A Site?

It would make business sense to help new players have an edge. If a new player wins, s/he is more likely to keep playing--even if s/he loses it all a few weeks later. There are also complaints on how a player who withdraws money after winning at a poker site, seems to forget how to play and now loses.

7. The Sponsoring of Poker Players Results In An Uneven Playing Field.


Do sponsored players risk their own money? Reports are that sponsored players get 100% rakeback and get paid hourly at an online poker site. Is it fair that you risk your own money, while a sponsored player takes no risk?

8. If the New UIGEA Regulation Goes Into Effect, Will Your Bank Cash Your Poker Site's Check?

Now you have to worry about what will happen if you do win money at an online site. Assuming you play at a legitimate site and win, the site will pay you. It won't be able to transfer money into your bank account. It will have to use another method, which is most likely going to be mailing you a check. Will your bank cash that check if the new law goes into effect?

9. Are Online Poker Sites Causing A Brain Drain in Teens and College Students?

Joe Cada admitting to playing online poker before he was 21 and even dropping out of school to play poker. It worked out for Joe, but what about the majority of teens and college students who won't be winners at poker? The seduction of winning millions playing poker is strong for everyone. It is no doubt strongest in teenagers and college students, given the millions won in poker by 20-somethings. Online poker sites should not allow underage players.

10. You Play Online Poker Naked And You Are Not A Beautiful Woman.

You know who you are...so stop it!

I realize this list will eliminate my chance of ever being sponsored by an online poker site. And I also realize that whenever I say anything negative about online poker, a few readers write how I am an idiot or worse.

Whether you do or do not play online poker, there is one thing I strongly believe. That is, that every adult in the US should have the freedom to play online poker and win or lose as much money as s/he wants.

The politicians who strive to stop this freedom will be voted out of office, as many were in the last election.

After all, there are only 40 million Americans who play poker. And while most of them don't play online, the thought that their Congress won't let them play poker, even if they wanted to play, is simply un-American.
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Monday, November 2, 2009

Letter From My Bank Regarding UIGEA--Oh NO!

Letter From My Bank Regarding UIGEA--Oh NO!

My bank wrote to tell me that they will no longer process these transactions:

"any wager which involves the use of the Internet, where such bet is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made."

The bank even updated their Deposit Agreement and Disclosure to include the UIGEA.

What does this mean?

It means that now I have to launder money to get my poker winnings--lol.

Actually what it really means is that there are way too many stupid people in government. But you already knew that.

Hey, are they playing poker while in session..
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Thursday, January 1, 2009

How To Make Poker Legal

I am reading this funny book The Know-It-All by A.J. Jacobs. The author writes about his learning and experience from reading the Encyclopedia.

I am up to the letter E and "embalming" when I read how we are always trying to find the loophole to get around a law, rule, or order.

Examples he cites:
* The Bible says that the men of cloth can not take up the club. But it seems that its perfectly OK with Jesus to bash in the head of an enemy using a long metallic blade.
* Monks were not allowed to eat meat on Fridays. So they decided that baby rabbits were fish, so they could eat them on Fridays.
* In colonial America it was illegal to play nine-pin bowling. So people added another pin and invented 10-pin bowling.

Here's my idea to make poker legal.

Let's change the name of the game to "River." And the change in the game is that the dealer must deal all the cards to the river, even if players have folded earlier. It doesn't change the outcome of a hand. It just changes the game so we can call it "River;" sort of like adding another pin to invent 10-pin bowling.

There are no laws against the game of River, right?

By the way, did you ever wonder why so much of society is against poker? The reason is found in our history. The Church found that people who gambled money and lost playing poker, had less money to contribute each week to their local church. Of course, the Church had to stop that from happening.

Poker is one of the twenty commandments. I believe number 19 read "Thou shalt not play poker" but that tablet of the commandments 11-20 was dropped by Moses. I know it to be true because I saw it in a movie.

Oh well, I am sure there will be loopholes in this stupid UIGEA act that is suppose to go into effect at the end of 2009.

Thanks again for reading my blog. And I wish you the best of luck in your poker play. And of course, Happy New Years!

Wednesday, October 8, 2008

Has Barack Obama Already Let Poker Players Down?

Many poker players think that Obama is the better choice for President since he plays poker and he will understand the need to regulate rather than outlaw online poker. Well, think again.

It seems that he is doing the political thing and ducking the issue, or perhaps worse.

Recently Senator Obama responded to the issue regarding online gambling. What he said in a letter dated 8/15/08 is disappointing. in fact, I'd say he replied like a typical politician.

To quote him regarding the UIGEA: "This bill was then folded into a conference committe report on unrelated port security legislation, and became Public Law on October 13, 2006.

I recognize the need to comply with federal and state laws and the desire of many Illinoisans to not have the federal government over-regulate their behavior. As opportunities to re-examine this issue arise, I will certainly keep your concerns in mind... -Sincerely, Barack Obama, United States Senator

I know he wants to get elected but geeze, take a stand.

I guess the next time you get dealt Ace-King in a no limit tournament, you should say:

"I recognize the need to comply with TDA rules and the desire of many players at my table to act on my hand. I am forced to wait to see all the community cards on the table, and I will re-examine my thinking and play my hand accordingly. If you have concerns about this strategy, I will certainly keep your concerns in mind."

I just found his letter online. It is at:
http://library.pokerplayersalliance.org/2008/08/15/il-response-from-barack-obama-081508/

What's Your Poker IQ?