Posts Tagged ‘poker player’

The UIGEA and the Current State of Online Poker in the United States

I recently asked a few online poker players what they thought was the biggest negative effect that the UIGEA had on online poker. They all gave me a very similar response. They all said that the UIGEA has caused a lot of the action to dry up on many of the top poker sites in the last few years. Simply put there isn’t as many people who come online with the intentions of dropping a few hundred dollars playing poker. The truth is that people may be scared because they think it’s a crime to play online poker in the United States. This isn’t the case for the most part (there are some exceptions in certain States).

For those who don’t know much about the UIGEA I have summarized some of the most important facts for you (taken from a recent article I found in Cardplayer Magazine).

- Facts about the Unlawful Internet Gambling Enforcement Act (UIGEA)
- Stands for Unlawful Internet Gambling Enforcement Act
- Passed by congress on Sept 30 2006.

- What did the UIGEA do?
- Made it illegal for online financial institutions to transfer funds from potential customers to online casinos and vice versa

- What the UIGEA didn’t do?
- The law didn’t ban the playing of online poker

- What were the negative effects of the UIGEA?
- Forced gaming companies to pull out of the United States
- Made it difficult for customers to deposit and cash out of online gaming sites.

- What people did to fight back?
- Over a million people joined the PPA (Poker Players Alliance)
- Members of congress introduced poker-related bills to repeal or clarify the UIGEA, however none of these bills ever made it to a vote.

So what’s currently happening you might ask? Congressman Barney Frank and the PPA have created a bill that is aimed at repealing the UIGEA.

If you want my take here it is. If poker was regulated and people in the US were forced to pay taxes on their winnings this could generate billions in revenue for the US government. Action would once again be like it was pre the UIGEA. Poker is continuing to become more and more popular, with the WSOP bringing in a record in viewership and overall participation. The US gov’t needs to wake up and realize that poker is a game of skill and it is not the same “gambling” that goes in at online casinos.

I really want to see a bill passed into law so that people in the US can once again easily and legally deposit and withdrawal money from online poker sites. However I find it hard to believe that the United States government can actually regulate online gambling.  Here’s to hope that something will eventually happen sometime soon!

Cheers,

Errol

Posted on April 28th, 2009 by Errol  |  No Comments »

Respect the Game of Poker and the Game will Respect You

So I was thinking about what makes a real poker professional. You know, what separates the fish from the pro. I have come to the conclusion that it all comes down to Poker Discipline. I have come up with a five key points to help you become a winning live cash-game poker player.

1. Have a good table image – Do not give off the image that you think you are better than the other players at the table. Having a cocky image will just cause other players to gun for you (headhunt). You don’t want multiple players calling you with garbage holdings. Keep a level head when you are up and also when you are down. Your table presents effects how people play against you at the table.

2. Get off Tilt Fast – If you find yourself on tilt get up and go take a break. Or get a table change. Being on tilt is part of the game. If you don’t do something to get yourself off tilt you will not become a winning player.

3. Make sure you are mentally and physically prepared – Setup a simple routine for yourself before play and during play. Make sure you take breaks while at the table. Only play 6-8 hours at a time. If the game is really good you can step outside your given time period by an hour or two at the max. Remember the fish will be there the next day. Make sure you exercise and live a healthy lifestyle. This will lead to you being more confident and comfortable at the poker table.

4. Understand Risk vs. Reward - Make sure you know your limit. Come to the casino with a set limit you have in mind which you will be willing to spend. Do not play more than 10% of your bankroll at once.  Have a weekly, monthly and yearly goal where you want to get to. Do not necessarily leave the table because you are up a certain amount after an hour or so. If you leave after making 2 buyins you will never have a session where you make 5 or 6 buyins.

5. Make sure you have great table selection – Don’t just play at any table. Make sure you are at a table without many regulars. New faces are always good to play with. Most poker rooms have regulars playing from Monday to Thursday from 11am to 5pm. Adapt to that. Start playing weekends and nights and you will notice that you will start to see new faces at the table.

Respect these rules. Sure these rules aren’t graved in stone. You can adjust them to fit your poker routine. However I am sure most poker players agree that this foundation will improve your overall success rate at the poker table.

Cheers,

Errol

Posted on December 16th, 2008 by Errol  |  No Comments »