GGPoker Adds More Variety to No-Strings-Attached “Daily Freebie” Promotion

Verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day.One of the most popular promotions for low stakes players on GGPoker has been further expanded.

During the software update on February 10, the Daily Free Spin promotion changed to Daily Freebie. Furthermore, UK players can now also claim the daily gift for a chance to boost their bankrolls.

All players, both existing and new, just need to have verified accounts and log in each day to claim their gift, which lets plays play real money tournaments—and compete for real money cash prizes.

The update has expanded what is given away. Now, there are Daily Freebie tickets for Flip & Go, the super-successful new format introduced in January 2021. It has also undergone some changes since its launch, with GGPoker increasing the frequency and adjusting the buy-ins as well as the maximum number of stacks for purchase.

“GGPoker is happy to confirm that we’ve relaunched our Daily Free Spin offer as the Daily Freebie; verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day. All they need to do is log in and claim their daily reward!” said Paul Burke, Head of Public Relations at GGPoker.

“We hope to continue to change up the rewards on offer in the future, giving all players the opportunity to try out GGPoker’s most exciting games, no matter their bankroll.”

For existing players, Daily Freebie is available immediately—just log in and claim.

If you haven’t yet signed up, you can do so today and enjoy the promotion as soon as you have verified your account. You can also take advantage of all of GGPoker’s generous welcome bonuses.

How the GGPoker Daily Freebie Promotion Works

The operator has seen unprecedented growth in 2020 to become one of the leading online poker platforms for tournaments and cash games. GGPoker has achieved that with a plethora of promotions, innovations, and high-profile partnerships. Their continued success has led to a record $7.5 million in promotions given away in February 2021.

One of several promotions for players with smaller bankrolls is the Daily Freebie formerly the Daily Free Spin.

This was launched on September 7, 2020. It has given verified players the opportunity to claim one $0.25 Spin & Gold ticket every day ever since. The free ticket courtesy of GGPoker continues to be available under the new name three times per week—*but this rotates with other ticket types.*

Players can see the next six upcoming Daily Freebies listed under the “My Promo” tab. A new daily gift becomes available after each daily reset at midnight Pacific time. Each ticket will continue to feature an expiration date of 24 hours once the Daily Freebie has been awarded.

The current rotation of Daily Freebie is fixed for the time being. However, GGPoker hopes “to change the daily prizes on a semi-regular basis,” according to Burke. He also hinted at a strong possibility that the Daily Freebie will include the alternative currencies C$ or T$ sometime soon.

Newly included as a prize in the Daily Freebie is a $1 Spin & Gold ticket, which can be claimed once per week. Furthermore, five $0.05 Flip & Go tickets are up for grabs three times per week, giving players the chance at trying the new tournament format free of charge.

As a mixture between a Flipout and regular tournament, Flip & Go was launched on January 12, 2021. However, it only took a few days for the first tweaks to be made. Initially slated to take place once every hour, it was soon increased to once every 30 minutes.

The buy-ins were also adjusted and the lowest available stake was increased to $0.05 with a guarantee of $50. Players can now take a shot at their own leisure three times per week and enter this lowest tier with five stacks thanks to the Daily Freebie.

Upon launch, the Flip & Go featured a maximum of 10 entries for each of the four stakes. However, that number has been adjusted recently and the stacks for purchase are now capped at a maximum of eight. This makes the bonus stacks based on the holdings during the Flipout stage more valuable in comparison.

The overall feedback for the new tournament format has been very positive, as outlined by Burke.

“Players love it! We have been very pleasantly surprised by the positivity seen across almost all feedback, of course not all players are interested in a new game type but those who have tried it have mostly good things to say about Flip & Go. We’ve also received some constructive criticism, which is also valuable.”

Further tweaks to the Flip & Go format may very well possible, as GGPoker is constantly reviewing and optimizing its schedule. One such adjustment was made with the expansion of the popular Daily GGMasters earlier in February.

The changes to the Daily Freebie promotion went live on February 10. All verified GGPoker players in eligible countries can claim their daily gift under the “My Promo” tab after each daily reset.

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Is Hellmuth vs Negreanu happening?


We recap some stories you may have missed including a huge PKO event and how much of himself is Landon Tice playing for?

KidPoker vs the Poker Brat?
We hinted at it last week and now it seems confirmed that Daniel Negreanu and Phil Hellmuth will play heads-up. 
Given both men are traditionally live players it seems inevitable that it will be face to face and streamed on PokerGO. 
The early betting markets have suggested Hellmuth is the favourite, which seems ludicrous given how much Negreanu improved in his heads-up challenge against Doug Polk. 

Happy to play anyone on @PokerGo App’s “High Stakes Duel.” Looks like they are bringing me the GREAT Daniel Negreanu @RealKidPoker, the guy that studied heads up for months w coaches I respect, so be it. It will be a great challenge for me! Hoping I don’t look like THIS photo!! pic.twitter.com/EpE1BqRMWP
— phil_hellmuth (@phil_hellmuth) February 13, 2021

Tice has skin in the game
The other big heads-up match in the works is Landon Tice vs Bill Perkins, and it has been the subject of a lot of debate this last week.
Namely, how much does the poker wunderkind Landon Tice have invested in himself? Rumours circulated that he is playing for just 10% of himself in this challenge where he is already paying Bill Perkins $720,000 to play. 
Tice confirmed that he has sold a lot of action for this event but while his percentage is low, it still means he has a lot of his net worth on the line:

Let me make something clear that I’m sure everyone cares about regarding my challenge with @bp22 I’m selling a lot of action for it. A lot.I’m not rolled to battle at nosebleeds. However, I am putting a very large amount of my relative net worth on myself winning it.
— Landon (@LandonTice) February 11, 2021

MicroMillions the biggest PKO ever?
The MicroMillions Main Event was a PKO for the first time in its history and it (probably) automatically became the biggest field ever for a progressive knockout tournament. 
49,487 entries for the $22 Main Event, which was not quite enough to hit the $1 million guarantee. 
It did lead to one player bagging almost $60,000 for their troubles including $18,651.13 in bounties alone:

The final table

Table stakes only
OK, so this week’s meme classic from Reddit beats all those ‘toilet roll poker home game’ jokes from last year:
When Polaks Play Poker from r/poker

Will we see Hellmuth vs Negreanu heads-up? Let us know in the comments:

Barry Carter
Barry Carter is the editor of PokerStrategy.com and the co-author of The Mental Game of Poker 1 & 2, Poker Satellite Strategy and PKO Poker Strategy



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New year, new plan!


2017 is here! It’s time to reflect on the past year and plan ahead for the future.What a roller coaster year 2016 has been! Ahhhh, the highs and lows of tournament poker life! From winning my first live tourney(no chop), to traveling all over the country to play tournaments, to getting my ass kicked at the World Series of Poker in Vegas, it has been one hell of a ride. I haven’t had any MAJOR scores this year but I would be crazy to be too bummed about it, as I’m so incredibly grateful for the opportunity to play this amazing game for a living. While I’m sure it’s not anything crazy for a lot of pros, I still have to recognize how lucky I truly am, I have been living the dream! I’ve traveled to more places, played in stakes both live in online that I never dreamed I would, I’ve sat at tables with some of my poker heroes and finally played my first World Series of Poker in Vegas. I’ve made my share of mistakes, blunders and missteps, but they have forced me to learn, and to continually better myself as a player. While all were not positive, every experience I’ve gotten this year will last a lifetime! I learned a lot last year, hopefully I can carry those lessons I’ve learned into the next year ahead and make 2017 the best year ever!I was unsure where to go with my plan for the future, but Intertops was supportive of all my ideas, and I think we have come up with a great plan! I could not be blessed with a better situation or working with a better company than Intertops Poker! I could not be more fortunate and grateful for the amazing opportunity they have given me and I plan to make 2017 great with them!I thought about following a few different tours, trying to decide what was the best value and at the same time, more entertainment for our followers. After a lot of back and forth, I decided I will attempt to hit at least one WSOP circuit a month, with it all leading back to what will be my second World Series of Poker in Vegas! Hopefully I’ll be able to play some other tournaments in between including going to Austria again this year with Intertops! I could not of had a better experience last year, going to both Seefeld and Velden, so I can’t wait for round two!! As far as the circuit goes, I’m going to go start off with the Choctaw in Durant, Oklahoma (nice and close to home), then hitting up the West Palm Beach Kennel club stop in Florida. Next, luckily enough for me, the WSOP is having a new stop this year, in Tulsa Oklahoma at the Hard Rock Cafe. It’s still going to require some more planning, being about five hours away, but overall much more practical for driving then some of the other stops. Then, in April, that much anticipated stop in Cherokee North Carolina, which is been the highlight of many of my friends WSOPs, including one who just final tabled the last stop for a huge score! I’ve heard many great things about this stop, so I’m very excited. After that, in May we will be at Harrah’s New Orleans stop which is also within driving distance or a quick flight for me from DFW. I’ve never been to the stop either but between friends that live out that way, and hearing other players talk about the juicy cash games that run there, I’m sure it will be a blast! So considering I’m not made of money and I want to be as smart as possible about bankroll management this year, my plan will be to play the kickout events for all the stops listed. They are $365 buy ins with most of them having very large guaranteed prize pools. I’ll try to get the most bang for my buck, and if I do well, consider playing the Main events the following weekend!So it will be Oklahoma, Florida, Oklahoma again, North Carolina, and then Louisiana before heading back out to the Mecca of Poker that is the WSOP in Vegas. On top of all this, I know I’ll be going to Seefeld Austria for the last week of February which will for sure be another amazing trip! Back to the place that started it all for me with Intertops and life as a full-time professional poker player! Hopefully, there will be other satellite wins again this year through Intertops as well. I’m sure everyone would love going back to one of their many exotic satellite destinations for more incredible experiences, as well as high-stakes poker tourneys! lolIf you want to get in on the fun, Intertops just started running satellites yesterday for as little as two bucks! It leads to a final, $109 buy in satellite tournament on January 22nd for a $4000 package! It’s a winner take all for a trip to Seefeld, Austria to play in this amazing spot with me in a $2200 main event! It also includes a five nights stay in an amazing bed-and-breakfast up the mountains of Austria and $500 in travel expenses! You can follow along with all the action at www.twitch.tv/2fit2fold or my fellow streamer and sponsored players at www.twitch.tv/chrisp200. The streams have been growing steadily and we have quite a few loyal followers so we just started a super fun free roll challenge! It’s Monday through Wednesday at 7:30 pm. You can check out the all the details at www.killedavariance.com.I hope you fall along on my action and shenanigans for the coming months, as Intertops Poker and myself have big things planned for the future! Be sure to stop in to the blog and to twitch to for all of the latest updates and promotions! PS: Read about Tim’s Aruba action or his previous article here!PPS: Want to know more about our current promotions?

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I get an amazing hand & this always happens


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Learning from Phil Hellmuth Jr.

I was recently honored to host a live webinar with 13-time WSOP bracelet winner Phil Hellmuth Jr. While Phil is a bit of an enigma in the poker world because no one quite understands how he wins on a consistent basis in high stakes poker tournaments, I knew there were countless skills I could learn from him. When you have the opportunity to discuss poker strategy with one of the most successful poker players in the world, you listen!
Since the webinar, I have implemented numerous concepts we discussed, drastically increasing my profits at the table.
One of the most important concepts he discussed was the idea that if you have played poker for a long time and studied the game diligently, as I have, you should tend to trust your reads. Since our webinar, I have worked hard on my reading abilities and they seem to be paying off.
I recently played in a $13,000 high roller event in Barcelona. There was one player at the table who was obviously splashing around. Everyone was making a point to play pots with him. Even though he was clearly playing junky hands, he always had the nuts when his opponents decided to call his large postflop bets.
Eventually I raised with A-T from middle position, the splashy guy called in the small blind and the Big Blind also called. The flop came 4-4-3. The splashy guy made a bet and I decided to call. The turn was a J. He bet again and I called. The river was an 8 and he bet enough to put me all-in, which was around the size of the pot.
Seeing how he had only shown the nuts when he took overly aggressive lines in the past, this would normally be an easy fold. However, something did not feel right. I can’t quite quantify what it was, but he looked nervous. I thought he would play numerous busted draws in this manner. My main concern was that he could be bluffing with a hand such as 2-2 or A-Q, which would be a disaster for me.
However, I went with my read and called. He showed the 5-2 and I doubled up with my marginal A-high.
While this is certainly an extreme example, if I did not have the amazing learning experience with Phil, I would have folded. Instead, I won $13,000 in equity.
To get instant access to this enlightening learning experience with Phil Hellmuth Jr. where he discusses numerous other strategies he implements to constantly win poker tournaments, check out the webinar here: Learning from Phil Hellmuth Webinar

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Super Bowl Streaker Bet $50,000 on Himself but Bovada Won’t Pay Out


09:1116 FebOnline sportsbook Bovada likely won’t be paying out the largest supposedly winning wager on whether a streaker would disrupt the Super Bowl LV game between the Kansas City Chiefs and Tampa Bay Buccaneers after the site discovered the streaker was part of a group having placed a large bet on such an event occurring during the game.Yuri Andrade, the 31-year-old Florida man who briefly disrupted the game with his run in a pink leotard and black shorts, announced in an apperance on a Florida radio station Wild 94.1 talk show that he was part of a group that had bet $50,000 that a streaker would appear. Andrade told the show’s audience that his group had locked in the bet at +750, resulting in the high would-be payout.However, Bovada, a grey-market betting site offering services to many US states, quickly learned of Andrade’s admission. The site had already been aware of “suspicious activity” on the prop line, likely the overly large $50,000 wager. As a result, Bovada has already announced it will refund the wagers of all “no” bettors, while also screening for legitimacy all “yes” wagers made before officially grading them.The episode will likely do no publicity favors for Bovada, however, despite the site’s willingness to take a moderate financial hit. Bovada’s lines appear prominently throughout the US’s sports-betting world, on broadcasts and in live and online publications, and as a consequence the site remains under considerable pressure from the US’s growing licensed and regulated markets. At the very least, the event is likely to make Bovada reconsider offering prop bets of this nature, ones that have the potential to disrupt larger sporting events.“Our players have always trusted us to ensure the integrity of all props offered in our sportsbook,”Bovada stated. “We will continue to make sure that any publicity stunts or ill-intended behavior cannot adversely affect the outcome of a player’s wager.”It’s not the first time that streaking has figured into an online gambling story. Nearly 20 years ago, online casino site GoldenPalace.com garnered publicity by investing in all sorts of bizarre activities, including sponsoring serial streaker Mark Roberts’ dashes at events including Super Bowl XXXVIII in 2004. Roberts sported a temporary GoldenPalace.com tattoo during his runs, which were just a small part of the site’s bizarre guerilla marketing campaigns.Did you like this article?Tweet
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Adjusting to world-class players

This is my table from a recent $25,000 buy-in event.
Poker tournaments are interesting, especially compared to cash games, because the skill level of your opponents can vary wildly. While there will be winners and losers in a $1/$2 cash game, most of the players simply do not play too well because if they did, they would be playing for higher stakes. In tournaments, especially in major events where many players satellite in, you could be playing with a total amateur who got lucky to win his seat for a small amount of money or a high stakes professional who travels the world and buys in directly to all of the premier events. In fact, when you are playing the “smaller” main events, such as typical $3,500 WPT or $1,500 WSOP events, those could be considered “small stakes” to some of the pros who play $10,000 buy-in and larger events on a regular basis.
This creates an interesting dynamic because you should employ a drastically different strategy when playing against the total amateur compared to the pro. Since most of what I discuss is based on blatantly exploiting my opponent, I thought it would be helpful to use this blog post to share my thoughts about how to play against someone you cannot blatantly exploit. I do not mean for this blog post to be a comprehensive guide for beating world-class players. I simply want to let you know a few of the adjustments I make while playing against world-class competition that you can quickly and easily integrate into your strategy, allowing you to be competitive.
Where does the profit come from?
I have recently been playing primarily $5,000 and larger buy-in events because I have been making a point to travel to the European Poker Tour stops. It simply does not make sense to spend a bunch of time and money for me to travel to a $3,500 buy-in event in America. Because of this, I have been playing in more high stakes tournaments where very few players satellite in, such as the typical high roller events in the EPTs. This has given me the opportunity to hone my skills against some of the best players in the world when there are not many weak players at the table.
I want to make it perfectly clear that when you are at the table with one or two world-class pros and a bunch of amateurs, you should generally make a point to play very few pots with the pros and lots of pots with the amateurs. You make money in poker by taking advantage of your opponents’ mistakes. If your opponents do not make many mistakes, you will not make much money. Since amateurs make many more mistakes than professionals, you want to play most of your pots with the amateurs. That being said, you should not play like a super nit versus the pros. Simply play a fundamentally sound strategy that makes it difficult for you to get exploited.
I made this 1,000,000 chip stack in a $5,000 buy-in event!
When you are playing at a table full of pros and only one or two amateurs, you simply must get involved with the other pros because if you don’t, you will eventually blind off. In general, there is nothing wrong with playing a relatively tight, aggressive style where you pick your bluff spots intelligently. I think one of the major mistakes amateurs make when playing against pros is that they rarely bluff. When they do, it is often so obvious that the pros can make somewhat easy calls with a wide range. If you only apply pressure when you have a premium hand, you will blind off because the pros will not give you action.
Changing gears
If you happen to be implementing a tight strategy and you have not played many hands in the recent past, do not be afraid to get a bit out of line, especially by reraising before the flop and then continuation betting the flop for about the same amount as your preflop reraise. While this play is quite simple, it is super-effective if you have a tight image. Always be aware of your image and use it to your advantage.
If you happen to be at a table where everyone is playing a tight, aggressive strategy, if you realize they are playing too tightly, especially when the stacks are around 30 – 50 big blinds deep, an effective play is to raise when the action folds to you, even from early position, with an overly wide range. If your opponents will only call or reraise with premium hands, you will find that you will often steal the blinds or win the pot after the flop frequently enough to justify a steal attempt. Of course, once your opponents realize you are raising with a wide range, assuming they become willing to play back at you, you should revert to a tight, aggressive strategy. Old school players refer to this as “changing gears”. I call it “playing intelligently”.
Stealing the blinds
Speaking of preflop stealing, you will notice that in high stakes tournaments the “standard” raise size is venturing higher. In the past, people folded from the big blind way too often so strong players started min-raising preflop in order to be able to steal the blinds with a wider range with less risk. This play was quite effective for a few years, but eventually the best players figured out that they should be defending their big blind with a wide range. If you can put in one more big blind before the flop and perhaps two more big blinds on the flop and see a showdown, which is often against the case against someone who raises with a wide range, continuation bets with a wide range, then plays straightforwardly on the turn and river, you should call the preflop min-raise with almost any two cards.
To counteract this adjustment by the best players, you have two options. You can either fire more turn and river bluffs, which gets quite risky, or you can raise larger before the flop. The problem with firing more turn and river bluffs is that your strong opponents will figure this out and start calling down with a wider range. It should be clear that very few good players check-raise the flop when they defend the blind because they want to keep their check-calling range strong so that you cannot happily fire three bluffs. While amateurs make the mistake of effectively turning their hand face-up by check-raising, pros will keep you guessing. Of course, if your opponent will call the flop with his marginal hands that he will fold by the river when faced with intense aggression, you should happily fire lots of bluffs. However, if your opponent may or may not call you down because they do not turn their hand face-up when they have premium hands, bluffing becomes much less palatable.
Instead, you can simply raise a bit larger before the flop. With deep stacks of 50 big blinds or more, it is quite common to see the best players raising to 3 big blinds before the flop. As the stacks start to shrink, their bet sizes start to decrease, but not too much. With 35 big blind stacks, they will still raise to around 2.7 big blinds or so.
I have been experimenting with raising to 2 big blinds when a weak player is in the big blind and 2.7 – 3 big blinds when a strong player is in the big blind. I have been making this play with my entire range so I am not easily exploitable. It has been quite effective so far because it allows me to play more pots with amateurs and fewer pots with the pros.
River betting
One other adjustment I want to discuss is how to bet on the river versus an amateur compared to a pro. Against an amateur, I will often bet an amount that I think will induce the result I want. For example, if I think my opponent is a mediocre player who will assume a small bet is for value, I will bet small as a bluff. If I think my opponent will always call a small bet with a wide range because of his pot odds, I will bet small with my value hands and large with my bluffs. This strategy does not work too well against pros because you will often not be able to out-think them.
Instead, you should choose bet sizes based on the percentage of the time that you will be bluffing versus value betting with your entire range. For example, if you know that in a specific river spot you will have 20% bluffs and 80% value bets (this assumes that your value hands win every time when you get called), you should make a bet that gives your opponent 4:1 pot odds, which would be 33% of the size of the pot, because that way, he cannot make a profit by either calling or folding. You will often see pros overbetting the pot, perhaps betting two times the size of the pot, giving their opponent 3:2, when they have around 40% bluffs in their range.
Of course, this assumes you know how to think about your actual range in a spot. Most amateurs are much too concerned with their own hand. Against pros, you must realize that you are playing your range against their range, not your hand against their hand.  Unfortunately, poker is not quite this simple because you rarely know if you are purely value betting or bluffing.  As long as you are at least thinking about ranges, you will be able to tailor your bet sizes to specific situations when playing against strong pros instead of simply betting some fixed percent of the pot every time.
That being said, if you do want to bet the same percent of the pot every time, the proper adjustment is to set up your range such that you have the correct proportion of bluffs compared to value bets. For example, if you always want to bet 64% of the size of the pot on the river, you should have 28% bluffs in your range. If you can figure out how to construct your range such that you have exactly 28% bluffs every time, this will work, but you will find that it is often easier to figure out what percentage of your range is bluffs and then adjust your bet size accordingly.
As a quick example, let’s suppose you find yourself on the river after you raised preflop from middle position and the Big Blind, a world-class pro, called. You then bet on both the flop and turn on an Ah-7h-5s-3s board and your opponent called. The river is the (Ah-7h-5s-3s)-Kd.
You certainly want to value bet with your best hands, so you must also figure out which hands to bluff with in order to remain balanced. Perhaps you know that your value betting range is all hands A-Q and better. Let’s also assume that you can’t have K-K because you probably would not have bet the turn with that. You also cannot have A-7o, A-5o, and A-3o because you would not have raised with those from middle position. This leaves you with a value range of this:

Notice that this is 68 combinations of hands. Let’s assume that you want to bluff with all of your busted flush draws. There are 14 combinations of busted flush draws that you could conceivably have. I am going to assume that you will bet with the busted K high flush draws that improved to middle pair as a bluff, which may or may not be a good play.

Since you have a total of 82 total combinations of hands (68 value hands and 14 bluffs) you should bet an amount that gives your opponent 68:14 pot odds, which would be 26% of the size of the pot. Of course, if you want to bet larger, you have to find more hands to bluff with. If you want to bet smaller, you should bluff with fewer of your missed flush draws (the ones with a pair of K’s in this example) or add in a wider range of value hands, assuming your opponent will call with worse made hands.
It is worth reiterating that real-world play is not this simple because you will occasionally value bet and get called by a better hand. You will also rarely know every aspect of your opponent’s strategy. The main takeaway should be that it is important to get out of the habit of blindly betting some percentage of the size of the pot on any betting round simply because that is what you think you are supposed to do. Always make a point to figure out why you make each of your actions.
While this strategy works well against the best pros, it is not a good idea against players who will simply never get to the river with a made hand worse than an A. While the best pros are thinking in terms of range versus range, the vast majority of players, most pros included, simply look at their hand and see if it is near the top of their range and then act accordingly. In the hand above, suppose you know that your opponent would almost always check-raise the flop with a flush draw, meaning that once he gets to the river, he has only top pair. If you know he will never fold his top pair to any reasonable bet, you should bet an amount that your opponent will call when you have a hand that is better than his calling range, which will most likely be around A-T or better. If instead you know that he will call up to a 60% pot bet but fold to larger bet sizes, bet 61% with your bluffs and 60% with your value hands. Of course, this again assumes we know a decent amount about our opponent, which enables us to play in an exploitative manner.
I hope this blog post has enlightened you a bit about how world-class pros play against each other. The deeper you think about poker, the better decisions you will make. To get started with this process, always make a point to think about your opponent’s range, your actual range, and what your opponent thinks about your range.
If you enjoyed this blog post, please share it with your friends! Also be sure to follow me at twitch.tv/jonathanlittle to watch me play live in real time for free. You can sign up for my PokerStars Home Game using #1976954 and Password: playpoker. My PokerStars Home Game will be on Tuesday, February 10, 2015 at 5pm EST. The Home Game is not for real money, but I will give away prizes. That way, everyone can play (even Americans!) I will stream the tournament on Twitch so everyone can watch. I hope you will join me on the live stream at twitch.tv/jonathanlittle. Thank you for reading.
 

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Sports gambling continues to be a huge success in Indiana


Hoosiers love their basketball. Ask anyone in Indiana and they’ll tell you that basketball isn’t just a sport; it’s a religion. The Indiana University Hoosiers’ basketball program has always been one of the best in the U.S. and the NCAA Hall of Champions is located in Indianapolis as a testament to the state’s attraction to basketball. On the NBA level, the Indiana Pacers have a massive following across the state, and all the attention given to hoops is paying off in a big way. Indiana continues to set new records with its sports gambling market, most of which is coming from basketball.In February of last year, the Indiana Gaming Commission (IGC) reported a handle of $187 million, a 10% increase from January. That wasn’t surprising, given the NFL Super Bowl action; however, assuming the money went to football would be wrong. The Big Game received $11.6 million in bets, while college and pro basketball accounted for over $90 million. Indiana continued to raise the bar on the sports gambling industry when the state’s sportsbooks recorded $251.4 million in November of last year, a $20-million increase over the prior month’s action. Much of that was destined for football as the NFL and college games were heating up, but, if there was any doubt of the importance of basketball in Indiana, the most recent numbers will push all of it aside. The IGC just released the latest figures on sports gambling and January was another record-setting month, the fifth consecutive month of breaking records. $348.2 million was wagered in the state last month, an increase of 11.2% over December and more than 100% over January 2020. Of that amount, $133.2 million went to hoops, making it the most money ever spent on one sport in the state. Football only got $77.6 million of the action. That’s not only good news for sportsbooks operating in the state, but it’s good news for the state’s budget, as well. With a tax of 9.5%, January gave Indiana’s government almost $2.8 million in tax revenue and, over the past 12 months, the state has received over $20 million. That’s not too bad for a local industry that has only been around since September 2019. Indiana can thank its neighbors for some of its additional wealth. Kentucky and Ohio don’t yet have sports gambling, although legislation is in the works, so gamblers in both of the states often hop over the border to place their bets. Illinois has a robust sports gambling market and is ranked fourth in terms of handle among legal states, but it doesn’t allow gambling on in-state college games. As a result, it loses some of the potential action it could be receiving and which might allow it to brag as being first or second in the sports gambling rankings. 

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Poker Idols – Jack Straus


It’s not hard to imagine why a poker player who measured at 6’ 6” (just under two meteres) was called ‘Treetop’, but the story of Jack Straus is perhaps even taller than he was.  Who was the man who won the 1982 World Series of Poker Main Event from having only one chip halfway through the tournament? How did he die early, and what is his lasting legacy on the game?  It’s time to find out why Jack ‘Treetop’ Straus is a bona fide poker idol.  From the Ground Up  Straus might not have written his poker legend until 1982, but over a decade earlier, he was following the game of poker around the United States. Having attended University in Texas, he played basketball while he was there and was also known locally as a hunter and marksman who could bring down the big game.  That reputation gained a second meaning as Straus transitioned into a poker player who became a ‘road gambler’ travelling around the United States in search of a game as all the professionals would do in the days before the World Series of Poker was born in 1970. He specialised in heads-up poker and wasn’t afraid to gamble when it was full ring, either.  In some ways ahead of his time and playing with an attacking flair beyond his years, at the start of the 1970s, Straus was front and centre in Las Vegas to take part in the newly-formed WSOP. Straus, who once said, “If they had wanted you to hold on to money they’d have made it with handles,” wore a lion’s paw about his person, which was inscribed with the following legend: ‘Better a day as a lion than one hundred years as a lamb’.  The prophetic nature of that phrase would sadly come true in more ways than one.  A Chip and a Chair In 1972, Jack Straus would make the final table of the WSOP Main Event, eventually finishing in 5th place as Amarillo Slim would win the only prize of $80,000 by beating Puggy Pearson heads-up. It would only be a year later that Straus won his first WSOP bracelet, however, as he took down the $3,000-entry Deuce to Seven Draw event for a top prize of $16,500.  As well as winning his first bracelet, Straus went on to finish 3rd in the Main Event of that year, this time missing out on the heads-up he would have fancied his chances in by just one place. It would be Johnny Moss and Puggy Pearson who would battle it out for the bracelet, with Pearson prevailing to the tune of $130,000, with Moss (and the other 11 entrants who busted before him) winning nothing.  Straus would keep coming back to the World Series of Poker, but would have to wait another nine years for the bracelet he really wanted – the WSOP Main Event. A year before his big win, Straus lost heads-up to Mickey Perry for the $2,500 Limit Ace-to-Five Draw bracelet, but the 1982 WSOP Main Event wouldn’t just see him win the most sought-after title in poker but in a manner that has never been repeated.  Halfway through the tournament, with 104 whittled down in number a little, Straus pushed what he thought was all his chips into a pot. Called by his opponent, Straus lost the pot and thought he was out of the tournament, but unbeknown to him, he’d left a single ‘500’ chip under a table napkin. Good natured banter at the table aside, the official rulings stated that as Straus hadn’t declared all-in, the bet stood only at the poker chips he had pushed over the line, and that single chip he found was still his.  Sitting back down in his chair, Straus put that chip to phenomenal use. The very next hand saw play folded to Straus’ big blind, doubling his chip to a micro-stack. Next, he doubled back to a short-stack he could play and eventually grinded his way not just back into genuine contention but as table leader by the close of play with 90,000 chips. By Day three of the most famous event he would ever play, he was chip leader of the whole tournament. Reaching the Heights  Reaching the final table was a miracle in itself, but Straus would go on to complete the unlikeliest of victories, taking down the title after outlasting a final six players that included Doyle Brunson (4th for $52,000) and Berry Johnston (3rd for $104,000).  Straus had almost single-handedly busted most of the final table players, but he saved the cous de gras until his speciality play and just Dewey Tomko sat between him and the title of world champion. Heads-up, Straus took down Dewey Tomko, who committed his stack with ace-four in the final hand and was no match for ‘Treetop’, whose ace-ten paired up to seal the most remarkable win in World Series history.As a side-note, just by reaching that 1982 final table (the last he would reach), Straus joined a select band of players which is unlikely to grow in number as the popularity of the world’s biggest and best poker tournament continues to increase. Only Johnny Moss, Doyle Brunson, Stu Ungar, Johnny Chan and Dan Harrington have reached three WSOP Main Event final tables with Straus… what a six-max tournament of champions that would be to watch!  The Broken Heart of a Giant   Jack Straus didn’t limit excitement to that one Main Event. His poker legend would grow even larger after he made a huge bluff in a cash game, holding 7-2 off-suit with a flop of 7-3-3. Heads-up in the hand, Straus was on a roll and after a raising war pre-flop, played the aggressor posot-flop too, calling a large raise when it came. The deuce on the turn inspired Straus to represent the three and made a huge bet, offering his opponent a novel way of gaining information.  “I’ll show you whichever one of my cards you choose if you give me $25,” said Straus. With his opponent taking the bait, Straus was asked to turn over the card, which he did, revealing the deuce. Straus’ opponent decided to fold, figuring Straus would only make that move with pocket deuces or a deuce and a three. Straus won the huge pot on a massive bluff.  Sadly for Straus, he would live just six years as world champion. Aged just 58 years old, Straus suffered an aortic aneurysm on August 17th, 1988 as he sat in a high stakes poker game. Later that year, as Johnny Chan won his second and back-to-back world title, Straus was posthumously inducted in the Poker Hall of Fame along with Doyle Brunson in that same year.  Straus was one of three men in the Hall of Fame to die at the poker table while in a game, with the others being Wild Bill Hickok and Tom Abdo. ‘Treetop’, however, was a unique player, and one who will never be forgotten as a poker idol another 100 years down the line.  

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Universal Entertainment in the market for a SPAC for Okada Manila


Almost three years ago, Universal Entertainment Group had a dream. It wanted to see Okada Manila, owned by subsidiary Tiger Resort, Leisure and Entertainment, listed on a stock exchange somewhere. Things didn’t go as planned initially, but it’s time for the pieces to be put in place, and Universal is going to make another run. This time, it wants help from a special acquisition company (SPAC) in the U.S. so it can fulfill its dream. Given the rise in popularity of SPACs in the gaming industry lately, Universal probably won’t have too much difficulty finding a partner, as long as its sordid past can be kept behind it.Universal wants a SPAC, also often called a blank-check company, willing to take a chance on helping Okada Manila become a publicly-traded company in the U.S. It hopes to land a spot on either the NASDAQ or the NYSE, and will take whatever it can get. The resort’s continued cost-saving efforts to combat COVID-19 have reportedly paid off, and Universal is convinced that the timing is perfect for a public launch. In a letter sent to investors last week about the search for a SPAC, Universal asserted, “In view of this situation, [and] having positioned its IR Business as the core business of the Company Group, the Company recently arrived at the decision to pursue a detailed examination of the listing of that business on either the U.S. NASDAQ Stock Exchange or the New York Stock Exchange with the aim of realizing the further expansion of that business and greater corporate group value.”2020 saw a lot of interest being given to SPAC deals, and that was just the beginning. 244 blank check companies connected with entities looking for a way to go public, ultimately attracting $78.2 billion through initial public offerings (IPO). However, 2021 is on par to see even greater activity, with 134 SPACs having attracted $39 billion from the start of the year until last Friday.Universal is reportedly already working on deals to finalize the value of Okada Manila and attract more interest. It added, “The Company has already executed advisory agreements with multiple financial advisory firms in Japan and the U.S. in order to prepare for the listing of its IR Business … and is currently engaged in the selection of a SPAC, the investigation of aspects involving the law and tax systems, the revision of the capital structure of the Company Group as a whole, with the aim of listing the business sometime in fiscal 2021.”

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