Featured Articles Archive - Page 336

Billionaire businessmen handle risk just fine at WSOP Big One for One Drop

LAS VEGAS -- The best poker players in the world are professional risk takers. They risk their own money on high-variance outcomes and usually walk away winners.The reason top poker players consistently win is their ability to evaluate risk, and determine when to gamble and when to fold...read more

Esfandiari wins $18.3 million, Big One for One Drop title at WSOP

Sam Trickett really wishes Antonio Esfandiari had won the $3,000 No-Limit Hold'em Shootout at the World Series of Poker two weeks ago.Esfandiari, who held 80 percent of the chips in play with three players remaining, got extremely unlucky and ended up finishing third in the event...read more

Tale of the Tape: Butler vs. Chef

LAS VEGAS -- At some point in almost every poker tournament, play starts to slow down. Instead of eliminations every few minutes -- or every 10 minutes -- long stretches of time can go by between either bust outs or dramatic hands.The $1 million Big One for One Drop tournament at the World Series of Poker reached that point around 6:43 p.m...read more

Even split between businessmen and poker pros at One Drop final table

LAS VEGAS -- One of the aspects of the World Series of Poker's Big One for One Drop that has been the most fascinating to watch is the battle between professional poker players who leaned on friends to gather up the cash to get into the $1 million buy-in event and the professional businessmen who plunked down $1 million of their own money like it was nothing.The vast majority of poker cognoscenti assumed that the poker pros would have a huge edge in the tournament...read more

Top-10 notable aspects of The Big One for One Drop

LAS VEGAS -- Outside of the $10,000 Main Event, the $1 million Big One for One Drop is easily the most anticipated tournament of this year's World Series of Poker. And the early stages of the tournament didn't disappoint.I've seen plenty of poker tournaments in my time covering the industry, but never have I seen a tournament like this...read more

Full Tilt's Ray Bitar in FBI custody

Full Tilt Poker CEO Ray Bitar is now in FBI custody, according to officials close to the situation.Bitar was arrested this morning at John F. Kennedy International Airport in New York.Bitar was indicted by the Department of Justice on April 15, 2011, on charges of bank fraud, money laundering, illegal gambling offenses and violating the Unlawful Internet Gambling Enforcement Act (UIGEA).And according to the superseding indictment released today, the DOJ is seeking the forfeiture of $2.54 billion and all company assets.Bitar appeared before U.S...read more

Poker deals need to involve winning

LAS VEGAS -- When I first started covering tournament poker, deal making bothered me -- a lot. To borrow a line from former NFL coach Herm Edwards, "You play to win the game! Hello, you play to win the game. You don't play to just play it."And that was my attitude towards deals when I first started covering poker.After spending several years steeped in the industry, deals still bother me, but for different reasons.The more time I spent with poker players, the more I understood their motivations...read more

Pros, businessmen have one thing in common at WSOP $1 million Big One for One Drop

LAS VEGAS, Nev. -- The players in the $1 million Big One for One Drop at the World Series of Poker come at the game from very different positions, but they all shared one thing in common as the tournament got underway at the Rio All-Suite Hotel & Casino on Sunday afternoon.They were all keenly aware of the huge spotlight on this event and the good that it will do for One Drop and for poker."I'm excited about supporting a cause," said Bill Perkins, the owner of a private equity and venture capital business in Texas...read more

Nevada may need partners for Net poker

Two of the state's largest slot machine manufacturers received Nevada's first interactive gaming licenses in June. Regulators could license three more suppliers this month.Another 30-plus casino operators and gaming equipment providers have interactive license applications on file with the Gaming Control Board...read more

Running diary of a day on the rail at the WSOP: "It's all luck"

My good friend and regular home game opponent Jas Rai managed to accomplish four of his five goals in the $1,500 No-Limit Hold’em tournament at the World Series of Poker on Saturday.Normally in life, when you accomplish four out of five goals, you’ve done well...read more