Thursday, January 18, 2007

Recent Roundup and Online Poker News

Don't panic just yet! "Cooler! Cooler!!!" - Jared on what to look out for as I ran toward the 3rd base line yesterday trying to catch a pop-up. Instant quote of the day.

Jared, Danny, Ships, and myself spend four hours of daylight yesterday playing some softball, trying to get our lazy ass bodies in shape for the start of our softball season early March. It felt really good to get out and be active. Jim said something funny yesterday at how ironic our lifestyles have become. "I'm in the worst shape of my life, and I've had the most free time I've ever had in my life." Stupid poker player diet.

I've been crushing the online game the past several days. I made a little over $5k mon-wed. Unfortunately a major blow was dealt to online poker yesterday. Neteller pulled out of the US market, immediately ceasing any transactions to and from any online gaming sites. Pinnacle has also withdrawn. Aparrently ACH systems on US soil have been blocked. Bodog checks are not being honored. The games are still going and as good as ever, but I'm concerned about the future. If people cannot get money online then they cannot lose money online.

But, the good news is that this is a billion dollar a year industry and is not going to die easily. Before anything we mailed checks in, played, won, and received a check in the mail. Then paypal came along, that was a piece of cake, and more people played online. eBay bought Paypal, ceased gaming transactions, and neteller came along. Worst case scenario, we're back to paper checks. But I find it hard to believe that something else will not come along - it may just take a little time for the dust to settle and all of us to figure out what is going on.

In the meantime, I've pulled about 2/3 of my online bankroll off. I'm pretty sure that it'll take a while for these transactions to go through, as I'm sure many people have done the same in the past 24 hours. This isn't necessairly a scare issue for me since I was planning on pulling some money off since I think $17k online is a bit much for the games I play, but I do prefer having cash in hand generating interest for me than in some online poker account. In my humble opinion, I think the best play is to clean out your neteller accounts since they're useless now for online poker and let the dust settle before figuring out the next best play. Our money is safe in the major sites, and I'm not worried about that one bit.

Meanwhile, I've gotten on an unusual poker players schedule. I went to bed last night at 9pm and woke up this morning at 7am. I had no clue what to do! So, I made coffee. Researched a little on what was going on online. Then headed to the bellagio to play some cards. Whadya know, they had a 30 game going with an open seat! Sweet! I made $2100 in two hours, and then I heard them calling down a new 60-120 hold'em game. Really? Sweet!!! I've been pushing for a 60 game for quite a while, and aparrently during my vacation they got it going and it's been going pretty strong for the past month. I'm stoked on that. That's exactly the limit I want to be playing on a daily basis right now.

Devo out.

Peace and good luck!

Weblog Commenting and Trackback by HaloScan.com