Online Poker becomes legal (in one State for now) today
Poker News Article
This will definately end up hurting brick and morter poker rooms, especially when it becomes legal in other (and probably all) States. Poker Rooms are generally 1-2 percent of a Casinos revenue. You can bet there will be another contraction, with smaller rooms going out of business.
ZCore13
I am eternally skeptical.
Small startups. Do you need to own a hundred hotel rooms to compete (that sort of thing?) How are the big guys going to corner the market and keep rakes high and not let small guys compete and drive competition for better deals (literally)?
ZCore13
The poker boom started when an unlikely player with an equally unlikely name won the WSOP in 2003.
The poker boom ended on Black Friday.
As more states legalize online, people will return to both online and live poker.
Quote: DJTeddyBearThe poker boom ended on Black Friday.
As more states legalize online, people will return to both online and live poker.
I think the poker boom was waning even before Black Friday. Legalization will drive more people to play online, but there definitely won't be another boom from it.
Quote: tringlomaneI think the poker boom was waning even before Black Friday. Legalization will drive more people to play online, but there definitely won't be another boom from it.
I can see another boom, maybe not as big. Many people who were afraid to play online before will do so with a legal site. Think Napster to iTunes.
ZCore13
The smart sites will operate in a way that caters to the casual player, as opposed to PokerStars that caters to online grinders. I am a casual player that wants to play for fun at low stakes. When I join a new table and it is immediately filled by 20-tabling grinders that were alerted by their tracking software, it is not fun. Every action takes the full clock because the other players have so many tables to play, and why would I want to play a table full of pros?
Any new poker boom will be fueled by casual players, not grinders fighting over an ever shrinking pie. If a site limits multi-tabling and bans tracking software and HUDs it will create a more fun environment to attract those players.
http://www.nj.com/politics/index.ssf/2013/05/atlantic_club_rejects_purchase.html#incart_m-rpt-1
Quote: jml24IF there is widespread legal online poker I think there could be an even bigger boom. During the first online poker boom many potential players were deterred by the perception of illegality and the need to transfer money through shady intermediaries. Legal online poker with easy money transfer would knock down those barriers.
The smart sites will operate in a way that caters to the casual player, as opposed to PokerStars that caters to online grinders. I am a casual player that wants to play for fun at low stakes. When I join a new table and it is immediately filled by 20-tabling grinders that were alerted by their tracking software, it is not fun. Every action takes the full clock because the other players have so many tables to play, and why would I want to play a table full of pros?
Any new poker boom will be fueled by casual players, not grinders fighting over an ever shrinking pie. If a site limits multi-tabling and bans tracking software and HUDs it will create a more fun environment to attract those players.
These sentiments are also mine, thanks jml24. It maybe on-line, but one table, and one tournament maximum. The smart sites will also try to duplicate real-world conditions as the appearance of suspending physical law (being at two places at one time, for example) might look a bit shady.
Quote: cclub79Atlantic Club not selling to PokerStars.
http://www.nj.com/politics/index.ssf/2013/05/atlantic_club_rejects_purchase.html#incart_m-rpt-1
Well, thats a blow. Stars runs one hell of a site.
Quote: 98ClubsThese sentiments are also mine, thanks jml24. It maybe on-line, but one table, and one tournament maximum. The smart sites will also try to duplicate real-world conditions as the appearance of suspending physical law (being at two places at one time, for example) might look a bit shady.
100% agree.
I don't care if a site offers multi table playing and is ok with player tracking software. I simply hope that those that play on 1 table will be matched up with others who are only playing on 1 table. This situation will be useless to the grinder because there won't be enough money, but will be entertaining to me because I can play a little with very minimal costs.
ZCore13
Being from another state, could I, in theory, set my phone to spoof that I'm physically in Nevada, sign up for online poker and then play?
Quote: AxelWolfTournament winnings over 600 or 1199 will probably get a tax form now YUCK! This will be a deal breaker for anyone receiving disability,ssi,welfare, etc . If the government taxes online cash games High limit games may not be playable for pros anymore.
Poker Tournaments do not follow the normal 1099 tax rules. To qualify for a W2G in a poker tournament your winnings must exceed $5,000 after deduction of your buy-in.
ZCore13
Quote: Zcore13Poker Tournaments do not follow the normal 1099 tax rules. To qualify for a W2G in a poker tournament your winnings must exceed $5,000 after deduction of your buy-in.
Did the rules change in the last few years?
Back around 2007, I won about $1,400 in a $75 tourney and got a W2G. (Or maybe it was a 1099- misc?)
Quote: DJTeddyBearDid the rules change in the last few years?
Back around 2007, I won about $1,400 in a $75 tourney and got a W2G. (Or maybe it was a 1099- misc?)
I'm pretty sure the IRS issued a "revenue procedure" setting the $5000 (after deducting the buy-in) amount to take effect sometime in 2008. (And it is a W-2G.)
Quote: nezbitonline poker was the best thing that ever happened to brick and mortar...
Exactly. For every player they lost they gained 5 who would otherwise be too intimidated to play live, myself included. On top of that after playing all the time online a real room is "a night out" for many players. Can't tell how many times half the players in the room talked about online play.
I am sure they will get their act together but their launch was clearly premature. I am sure CET learned a lot here, including using a different locating method.
Quote: PokeraddictMy experience was terrible. They could not find my cell phone but they accepted my cash before they discovered this. I went through a massive hassle to get it back. The system is really poor for locating and you can only use a small handful of providers though they only thought Verizon was banned.
I am sure they will get their act together but their launch was clearly premature. I am sure CET learned a lot here, including using a different locating method.
That sucks. You'd think considering how long this law has been on the books, some casino would have got it up and running significantly earlier than now.
Quote: 21RevolutionI do agree the multi table needs a middle ground. You shouldn't have to wait for a multi table player. Granted, it is easy to put them on hands, but still tiresome to watch them timeout. I've played turbo games which helps, but even then you wait for them and isn't as relaxing of a game. I think they could work in some rules of paying dead blinds if you try to play multi tables and are timing out. I also like the idea of single play only tables, meaning you can't sit at another table unless you leave the one you are at. They could divide multi play and single play.
I disagree.
Poker is a thinking game, and if people want to play multiple tables the downside is they will have to stretch their abilities between them. Each person has X amount of seconds, plus Y timebank. It's fine with me if someone wants to use every second of that, but I can see how some people could get annoyed. I guess I'm a patient guy.
Playing live, I've seen people take a few minutes (and I have once or twice) on a big decision, something you don't get to do online. So I guess I'm OK with people taking their time playing poker (even if it's because their on 12 tables at once.) Especially because online, there's still a time limit on every hand, whereas live, a clock has to be called.
One of the advantages of online should be faster play. Like I say, the single play only concept would be if you don't find playing against the seemingly robotic multitable players- there would be tables specifying single play only. For the casual player, that also makes it more likely to have some social aspect of the game. Multitable players don't have time to chat. It also does allow for more moves being made, rather than just typical grinding. I'm dabbling with some ideas on how to create more action, less grind.
If anyone is hiring, I'm convinced I could scope and define a superior site :)
Quote: 21RevolutionMultitable players don't have time to chat. It also does allow for more moves being made, rather than just typical grinding. I'm dabbling with some ideas on how to create more action, less grind.
If anyone is hiring, I'm convinced I could scope and define a superior site :)
Grinding is what makes online poker rooms more. Volume is the biggest factor to large revenues. Limiting poker players to single tables will shrink revenue by a large amount. But I do remember the days where you could only play one table at Pacific Poker. Games were very, very, very good back then...
Quote: Boney526Playing live, I've seen people take a few minutes (and I have once or twice) on a big decision, something you don't get to do online.
That's fine because you're there, seeing the person. You know if he's thinking or just distracted.
And if he's in the tank, there's still tons of things to watch. You can pick up tells while he's thinking.
On line, there's no clue.
The guy could be thinking or he could have left his computer and forgot to hit the "sit out" button. Or he could be distracted by a big hand at a different table. Either way, we're left wondering, and wasting our own time while waiting...
Quote: 21RevolutionRight, I'm just suggesting a few select tables for players wanting that restriction. For those that don't have a preference they could play any table.
But if you leave that as a preference, it also could hurt the bottom line because the players who multitable will also face slightly tougher games, and will likely play a little less tables as a result. Because no offense to those who actually single table online, but generally, those players are fishier than average.
Quote: DJTeddyBearThat's fine because you're there, seeing the person. You know if he's thinking or just distracted.
And if he's in the tank, there's still tons of things to watch. You can pick up tells while he's thinking.
On line, there's no clue.
The guy could be thinking or he could have left his computer and forgot to hit the "sit out" button. Or he could be distracted by a big hand at a different table. Either way, we're left wondering, and wasting our own time while waiting...
Right, but the solution is a time bank. So they can't do that continuously.
