Monday, October 30, 2006

Weekend Update


Not much to report from this weekend, no "fake" costume party invites, but did manage to get a few poker sessions in and was winner in both. Also, looks like another victory in Fantasy Football, unfortunately the losing party this weekend was none other than State Street (aka Tedman)! Actually, he still has a chance to pull from behind tonight, that is if Tom Brady can score about 75 points for him in Monday Night Football against the Vikings!
I've been putting in more hours playing online lately, trying to keep a regular schedule of Tuesday and Thursday night play. I won my first 9 player, single table Omaha Hi/Lo tournament online last week, too! The $320 buy-in paid $1350 for 1st place. Omaha is played like Hold-em, but you get four hole cards (instead of two) and you must play two and only two of your hole cards and three and only three of the five community cards, add in the Hi/Lo variance and now you are talking about high hand winning half the pot and low hand winning half the pot, but you have to have five cards lower than an 8 without making a flush or straight to have a low. It requires a lot more thinking and is considered by many to be a tougher game, but I still prefer No Limit Hold-em!
Next month is the Trump Classic at the Taj and I will be staying in a Rock Star Suite next door at the House of Blues. I think we should set up a night on the town with some fellow bloggers like CNN, Tedman, AKJN and Chuck if he is allowed in AC!



Wednesday, October 25, 2006

Happy Halloween to All!


Let me be the first to wish you all a Happy Halloween!

Monday, October 16, 2006

Anti-Gambling Legislation Passed

I'm more than a little upset that President Bush signed a bill Friday that has had a tremendously negative impact on the online poker world. Hidden deep in the stinky bowels of the Safe Ports Act (a homeland defense initiative to make our ports safer) by a sneaky Senator from Tennessee was the Unlawful Internet Gambling Act. It's really a BS law because most poker sites are based offshore and are not under the jurisdiction of US law anyway, but a few of the bigger sites have buckled already and are no longer accepting action from US-based players. The bill really tries to make it illegal for US financial institutions to allow their gambling customers to send funds to offshore gambling sites. The largest site, Party Poker, based in the UK was bringing in almost $3 million a day in profit with 60% of their business coming from the US. They have now banned US players from their site and their stock has already lost billions in market value. Of course my favorite site, PokerStars, has benefited greatly with a huge influx of players since they have decided the new law is meaningless to them. Their weekly Sunday tournament attracted a record 6,517 players this weekend and paid out over$1.3 million with $176,000 for first place!

Senator Frist (R-TN), the author of the bill, feels that gambling is "destrying the moral fiber of America" and warned Congress that terrorists could be using these sites to launder money. First of all, I find it hard to believe that I've ever sat at an online poker table with Osama bin Laden or any other muslim extremist, but second, even if what he says is true, then why did he make exceptions for online horse betting and state lotteries in the bill? (By the way, Tennesee is a huge horse racing state, hmmm nothing suspicious about that, right?).
Just another reason why we need to allow the President to have Line-Item Veto powers so deceptive and sneaky legislators can stop hiding needless legislation in "must pass" bills!
Just thought I'd vent a bit!