Sunday, April 17, 2011

Links for poker players

So if you haven't heard the news Pokerstars, Full Tilt, and Absolute Poker are being charged with fraud and money laundering and US players are currently locked out of playing and cashouts.

My philosophy as always is not to whine and complain but simply to adapt best to the present conditions.

Here's the Twoplustwo thread about the whole issue

Here to me are some good articles about the players of this social game. Meet the prosecutor Preet Bharara

Meet the accused and supposed informant Daniel Tzvetkoff

 My personal opinion cliff notes.

Boss says, "Hey Bharara find some fraudsters on wall street so we can make it seem like we're doing something to catch the people responsible for this recession."

Bharara tries to find anything and can't(detecting deception is hard) especially if you are dealing with the best in the world.

Bharara has Tzvetkoff fall into his lap and sees an opportunity to spin the prosecution into the type of story his boss wanted. There probably was some fraud that went on(not related in any way to the monumental collapse of the us economy) but there is some spin availability and perhaps some wrong doing as they were probably coding poker transactions(grey never been tested legal area) so that they wouldn't be treated like sports betting and slots(outlawed under UIGEA). In any case Bharara throws the idea up to boss(imagine a guy in gucci suit and shades meeting Bharara in a black limousine) where boss hears the idea.

Boss then passes word to political boss(imagine overweight mid 50's semi grey haired senator up for re-election). Political boss likes idea because he can turn such action into big donations from the big gaming companies in Nevada. Casino Jack part II(not actually featuring Jack) now playing on computers throughout the US, check local listings for times(wait it's always on) because you can't log onto your computer and play some games because old people that can't detect deception think it will look like they are catching people responsible for the collapse of the US economy.

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