Stay Focused on Poker when Online

When a player is online at a casino that offers both poker and other casino games, the temptation is to try a few slot spins or some Baccarat.  This is okay if the player really only risks a very small percentage of his stake.  The problem is these games can be very easy to lose sight of playing poker and actually can hook some players.  You read about poker pros that win easily at poker and then lose large amounts on table games or sports.  This is the problem with the other forms of gambling on the net.  The player has no edge at all like they do in poker and it catches up quickly when the losing streak sets in.  Do not bet on games with serious money where you have no edge.  This should be all good poker players' commitment to keeping their poker stake together.

A decent poker stake will keep the player in the game and they can weather the bad beats and the run of crappy cards and poor flops.  This is true because a solid poker player should be able to wait until the hands turn around and give them a chance at some larger pots.  If the stake has been decimated by table games, this could endanger the poker playing also. [Read][more...]

The Economy and Poker

For many years the economy was never a bad factor for gambling when the economy was in the dumpster.  A bad economy was always a reason fro people to gamble.  In the thirties the horse racing handles and illegal bookmaking prospered as people tried to supplement their income or lack of it.  Gaming, as we know it now did not exist and the only legal gaming in the United States was the thoroughbred racing industry and the betting pools at the racetrack.  The bad economy of those days was a catalyst that pushed people to gamble.

This is not true with our current economic situation.  The live casinos in many of the big gaming centers are having a tough time keeping their revenue up and this is a distinct change in the usual situation when gaming and the poor economic conditions meet.

Poker is the one area of gambling that seems to continue to grow.  The tournaments all over Europe and the United States are full of not only the pros, but also the satellite-winning amateurs. The prize money continues to grow and the player count in the torments seems to continue to grow or at least not lose players. [Read][more...]

Poker Player and Murderer Possibly The Same

A thirty-year-old poker pro was arrested in Las Vegas Monday for the murder of his father and mother in their home in early March of last year.  Ernest Scherer III was arrested for the brutal killing of his Father and Mother in a San Francisco bedroom community of Pleasanton, California.  A person that worked for the Country Club Administration discovered the bodies several days later in the Country Club community.  A phone call from the daughter who lived in Utah alerted them to a possible problem, as she could not get her parents on the phone.

There is some information on a possible motive for the murder.  Scherer III was deep in debt and not doing well in the poker world.  Since turning pro in 2002 he had won $339,000 according to tournament records.  He had a wife and a child that lived in Southern California.  His Father was pressing his son for the return of a $616,000 loan he made to buy his son a home in Brea, California.  This tragic situation was brought on by the mounting debts from gaming, credit card debts and the pressure to repay the home loan.  [Read][more...]

Poker Playing Activities Remain Strong in Recession

Despite the fact that the economy has been in a bad position for the past year and doesn't show any signs of immediate improvement, and despite all the talk about the need for stimulus packages and government assistance, online poker playing endeavors are not seeing the super decline in gambling endeavors that Vegas gambling sites are witnessing.

A number of casinos have been forced to reduce their rates just to attract clientele and to keep revenue flowing in the online market is seeing a less dramatic impact.  In fact, recent statistics indicate that while online gambling endeavors have slowed down a bit, it still managed to be up as much as fifteen percent each year.  Some concerned establishments believe that this may indicate that even online gamblers will begin to bend to the economic pinch, others are not so sure.

ThinkEquity Quest as well as PokerScout.com, in an effort to find predictive financial answers, surveyed online poker players to determine precisely how they spend their gambling money.  The findings of the study were pleasantly surprising.  [Read][more...]

WTO and Repeal of the AIGEA Will Bring Pressure to Rid This Prohibition

Europe is considering bringing a claim under the WTO against the USA for hurting their online casinos.   The AIGEA passage forced many online casinos to prohibit US players from playing on their sites.  Europe has long threatened to do something about this economic threat to their online casinos.  There is strong sentiment that now is the time to bring such a filing.  This attack was already carried out earlier by some of the Caribbean Islands with online csinos and won by them against the USA.

The Congressman Barney Frank has already stated he will bring a bill to the floor to repeal the AIGEA and the mood with the new Congress and the need for money may make this happen.  The online casino industry has already stated that it is willing to pay billions in taxes to get American players back online.

This poorly designed law that was added in the middle of the night in 2006 is an absolute joke.  Some hidden agendas were really behind the banking law and had nothing to do with protecting the youth of America as stated.  The protection was found to be racing interest, gaming and gaming on Indian land.  The proof is in the sizeable campaign contributions that were reported by the leaders who got the bill passed in the middle of the night. [Read][more...]

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