I think this is a really good laydown by Phil. He swollows his pride and folds like a man, gotto give him credit for it!
If you’re into the cult phenomena known as Texas Hold‘em, chances are you’ve already played in a charity tournament. Local newspapers are loaded with advertisements for weekend tournaments to raise money for charities. And there are many advantages to participating in these events.
The biggest advantage is helping a worthy charity raise money and the possibility of winning a large payout yourself. Inexperienced players can get in on the action to learn the game in a relatively friendly atmosphere. The buy-in for charity tournaments range from $25 to $50. These events will often offer door prizes, 50/50 drawings, and raffles. For a little extra, you can also buy-in to the bad beat or high hand jackpots. In addition, side games are set up for players who have been knocked out of the main tournament with yet another chance to win money. Being the first player knocked out also has its advantages. This is generally in the form of a consolation prize.
If you sign-up on the mailing list, you’ll receive notices of future tournaments and events. Other players are also good resources to find more tournaments. They provide feedback on the location, dates, times, organization, payouts, and other pertinent information for the event. You will see many of the same faces every weekend at charity tournaments. These regulars set the tone of the game, which is usually fun and laid back.
The charity will usually take a 30-40% rake of the buy-in, the remainder is used for payout. Depending on the number of entrants, thousands of dollars can be raised in a single night. Some charities will also take a rake from the side tables to increase the funds raised.
Of course, there are also disadvantages to the players at these types of tournaments. The payout amounts and number of places paid are generally low. But perhaps the biggest problem is that the majority of charity tournaments are poorly organized. At times, the players have more knowledge of the game than the persons in charge. Resolving conflicts can be a challenge. Typed rules can be found at some games, but these are usually general and will not cover issues such as misdeals, dead button versus moving button or verbal discrepancies with chip stacks.
As a rule, dedicated dealers are not used, so the players pass the deal. This allows more opportunity for misdeals. Long, rectangular folding tables provide yet another obstacle to overcome when dealing. This type of playing surface also makes it difficult for players to protect their hands due to the cramped set-up.
Cheap cards that are usually donated will get bent and marked easily. The light-weight plastic chips have a tendency to scatter easily. Trying to remember the denomination of the chips is sometimes a chore because of the inconsistency or lack of attention to detail. Blinds are not always raised in a timely manner or tables balanced properly. Also, time limits may be imposed to end the game with a chip count deciding the winner. The caliber of your opponents may also be an obstacle to overcome.
Overall, the advantages to charity tournaments outweigh the disadvantages. If you’re passionate about Texas Hold ‘Em, buy in to a local charity tournament. You’ll raise money for a worthwhile cause doing something you love – it’s a win-win situation.---------------------------------
In 1997 when Daniel won two events at the World Poker Finals earning himself $133,600 as well as being named the tournament's best all-around player. He backed up his efforts in the 1998 WSOP by winning $169,460 at the $2,000 Pot Limit Hold'em event and becoming the youngest WSOP bracelet winner in history — a record he held until 2004.
Over the next few years, he became one of the most successful poker tournament players in history, winning two WPT events, another two WSOP bracelets, and appearing at 11 final tables.
Upon opening, the WYNN Las Vegas resort recruited him as their "Poker Ambassador" to play for any stake in their poker room. The arrangement lasted until October 2005 when he opted out because it was restricting his ability to play for high stakes outside the Wynn.
Daniel is known for his ability to "read" other players, gathering information about his opponent's hand by studying their betting patterns and physical expressions.
Daniel was named "Favourite Poker Player" at the Card Player, Player of the Year Awards Gala in February 2006."At the highest levels everyone has a decent understanding of the math. Feel, or psychological warfare is what it's all about. I honestly don't think that a pure math guy has much of a chance in those games because they aren't psychologically prepared for the game."
-This transaction will bring more benefits through much wider offers, better customer support and EU license gaming.
Propaganda Poker will be an external partner to Betsafe, our new partner, following a structural deal concluded on October 5. The ownership of Propaganda Poker’s customer base will be transferred to Betsafe, which means there will be plenty of benefits for the customers.
All players in the Propaganda Poker customer base will of course be more than welcome to follow in the move, but the final decision will rest with them. There will be lots of benefits for the players who do make the transition, especially for most players in the EU area who will be able to claim their winnings tax-free since Betsafe is registered on Malta and deal with tax issues there.
Betsafe has many more customers than Propaganda Poker and offer more services such as casino and sports betting apart from poker. The combined forces of the two companies will mean that players have better access to more promotions, bigger tournaments and a faster and wider array of payment solutions.
Betsafe has approximately 250,000 registered players and is a part of the Ongame network, which is the second largest online poker network while Propaganda Poker is part of the Ipoker network.
“We will now have the possibility to offer our players a bigger and wider assortment of offers with Betsafe. Betsafe is also a serious and logical partner for us as they are well equipped when it comes to payment solutions and they can provide support in several languages. Propaganda Poker’s role in the new setup will be as an external cooperation partner who will deliver strong marketing for Betsafe and scout affiliates all over the world,” said Raymond Hope, CEO of Propaganda Poker.
“The cooperation will benefit all parties and markets as Propaganda Poker is specialized in poker while we at Betsafe have a bit wider focus. Propaganda is historically biggest in Russia, the Baltics, followed by Germany and France. This complements us nicely since we are big in Scandinavia but also in Latvia where we are growing,” said Henrik Persson Ekdahl.
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