Keeping Up With the Phils

February 28, 2010 :: Posted by - :: Category - POKER NEWS

But sitting among the leaders on the event’s third day, that’s not at the forefront of his mind.

“The thing is, it’s a lifetime thing,” said 35-year-old Kid Poker. “It’s not really a pressing thing.”

The pressing business was for both he and Ivey to get past 2006 WSOP Main Event champ Jamie Gold, who edged out him for the top spot with that single $12 million win four years ago.

But when Negreanu passed Gold finishing second at the WSOP Europe main event this past September and Ivey’s November Nine appearance pushed him even further ahead, two of poker’s best were left to spend the rest of their careers vying for top spot.

The only problem is, continuing to collect big scores from tournaments isn’t getting easier.

Negreanu says everybody is getting better and every year, fresh faced kids rising from the online ranks continue to display an unmatched fundamental talent for the game.

These days, he’s been forced to change his game, unlike another player named Phil, who still sits behind Gold in fourth on the all time list with a little more than $11 million in earnings.

“The biggest difference with Phil Hellmuth and I is that I watch the way the game changes and I understand I need to tweak my game in order to compete,” he said. “He thinks if he brushes his teeth, does yoga and eats right he’s just going to win.

“He really thinks you just need to have a positive attitude. You just need to learn how to play poker better.”

The way Negreanu sees it, the old-school way just isn’t going to cut it anymore.

“Years ago there was a way to play. It was easy and it worked,” he said. “These young kids have found a way to exploit it. It’s like a bacteria mutating to become resistant to the medication you’ve been giving it. You have to find a way to attack the problem.

“There are weaknesses in every strategy to some degree. So I go after their weaknesses and the way they perceive me, which opens up a whole new group of opportunities that I can use against them.”

His willingness to adapt is where he finds the consistency.

“Right now I’m getting back to basics,” he said. “Which is paying attention to a lot of physical tells that I’m seeing in the young guys. Paying attention to who is the wild man, what they’re doing and that sort of thing.

“In the old days I didn’t even have to do as much of that, because people just played the game so fundamentally poorly.”

But as he goes about trying to make poker history as one of the leaders in L.A. Sunday afternoon with an eye on the big screen inside Commerce and the Canadian Olympic Hockey Team Winning gold on home soil to make hockey history, Negreanu sounds ready for business.

“It takes a lot of concentration. It’s not easy anymore,” he said. “It’s not like I can just sit there and wait for them to make mistakes like we used to.”

The World Poker Tour’s L.A. Poker Classic continues through March 2. For comprehensive coverage, tune in to PokerListings’ Live Updates and News.

Visit PokerListings.com
Click HERE to play free online casino games

Keeping Up With the Iveys

February 28, 2010 :: Posted by - :: Category - POKER NEWS

But sitting among the leaders on the event’s third day, that’s not at the forefront of his mind.

“The thing is, it’s a lifetime thing,” said 35-year-old Kid Poker. “It’s not really a pressing thing.”

The pressing business was for both he and Ivey to get past 2006 WSOP Main Event champ Jamie Gold, who edged out him for the top spot with that single $12 million win four years ago.

But when Negreanu passed Gold finishing second at the WSOP Europe main event this past September and Ivey’s November Nine appearance pushed him even further ahead, two of poker’s best were left to spend the rest of their careers vying for top spot.

The only problem is, continuing to collect big scores from tournaments isn’t getting easier.

Negreanu says everybody is getting better and every year, fresh faced kids rising from the online ranks continue to display an unmatched fundamental talent for the game.

These days, he’s been forced to change his game, unlike another player named Phil, who still sits behind Gold in fourth on the all time list with a little more than $11 million in earnings.

“The biggest difference with Phil Hellmuth and I is that I watch the way the game changes and I understand I need to tweak my game in order to compete,” he said. “He thinks if he brushes his teeth, does yoga and eats right he’s just going to win.

“He really thinks you just need to have a positive attitude. You just need to learn how to play poker better.”

The way Negreanu sees it, the old-school way just isn’t going to cut it anymore.

“Years ago there was a way to play. It was easy and it worked,” he said. “These young kids have found a way to exploit it. It’s like a bacteria mutating to become resistant to the medication you’ve been giving it. You have to find a way to attack the problem.

“There are weaknesses in every strategy to some degree. So I go after their weaknesses and the way they perceive me, which opens up a whole new group of opportunities that I can use against them.”

His willingness to adapt is where he finds the consistency.

“Right now I’m getting back to basics,” he said. “Which is paying attention to a lot of physical tells that I’m seeing in the young guys. Paying attention to who is the wild man, what they’re doing and that sort of thing.

“In the old days I didn’t even have to do as much of that, because people just played the game so fundamentally poorly.”

But as he goes about trying to make poker history as one of the leaders in L.A. Sunday afternoon with an eye on the big screen inside Commerce and the Canadian Olympic Hockey Team Winning gold on home soil to make hockey history, Negreanu sounds ready for business.

“It takes a lot of concentration. It’s not easy anymore,” he said. “It’s not like I can just sit there and wait for them to make mistakes like we used to.”

The World Poker Tour’s L.A. Poker Classic continues through March 2. For comprehensive coverage, tune in to PokerListings’ Live Updates and News.

Visit PokerListings.com
Click HERE to play free online casino games

Kentucky House Passes Bill Taxing Online and Phone Horse Racing Wagers

February 28, 2010 :: Posted by - :: Category - POKER NEWS

Despite an ongoing court battle to rid the state of 141 internet gambling sites, Kentucky’s House passed a bill taxing online and phone “advanced deposit wagers” on horse racing by an 85-8 margin. Now, the measure will be discussed in the Kentucky Senate.

Sites like TwinSpires.com, which is owned by the parent company of the Churchill Downs racetrack, operate legally in the state and allow residents to wager on the ponies online and over the phone. On Friday, Kentucky House Bill 368 passed by a 10:1 margin after Democratic Speaker Pro Tem Larry Clark brought the legislation to life. According to an article that appeared on Friday in the Louisville Courier-Journal newspaper, Clark asserts that up to $400,000 per year could be pulled down as a result of taxing online and phone bets just 0.5%.

One-third of the tax would go to the Kentucky Horse Racing Commission, one-third would go to the track the bet was placed with, and the final portion would supplement the track’s cash prizes. Clark told the Louisville media outlet, “I think that it’s a way for us to advance the tracks as far as adding more purse money… so I think it’s something the Senate would look at. They talked about last session, when they did not want to do slots, finding more revenue for (tracks). This is one avenue that would find more revenue for them.”

The Commonwealth of Kentucky is two months away from hosting the annual Kentucky Derby at Churchill Downs in Louisville. The “Fastest Two Minutes in Sports” plays out on the first Saturday in May every year and attracts celebrities and high rollers from around the world. In the past, online poker rooms like UB.com have held promotions in conjunction with the gala.

TwinSpires.com caps online and phone bets at $2,500 per transaction and a minimum deposit of $25 is required. The site has a mailing address in Kentucky, but is licensed in Oregon. Last year, the Kentucky legislature ultimately failed to approve a similar measure, which would have taxed internet and phone bets at a rate of 3.5%, or seven times the amount of the current version of the bill.

The Kentucky Justice and Public Safety Cabinet, led by J. Michael Brown, has been on an 18-month witch hunt against the owners of 141 internet gambling domain names, including those belonging to industry giants PokerStars and Full Tilt Poker. In September 2008, the State seized the rights to the domain names and sought their forfeiture before members of the internet gambling industry stepped in. The Interactive Media Entertainment and Gaming Association (iMEGA) has led the charge on behalf of the 141 sites in jeopardy.

In October 2009, lawyers representing iMEGA, the Interactive Gaming Council (IGC), and several of the sites at risk pleaded their case in front of the Kentucky Supreme Court. A ruling cannot be handed down until March 18th at the earliest. Other possible release dates for the Supreme Court’s verdict are April 22nd, May 20th, June 17th, August 26th, September 23rd, October 21st, November 18th, and December 16th.

The Commonwealth charged that the 141 domains constituted “gambling devices,” a term that is traditionally reserved for physical objects like slot machines and roulette wheels that you’d find in an illegal underground casino. Judge Thomas Wingate upheld the State’s actions in an October 2008 ruling before the Kentucky Court of Appeals overturned it by a two-to-one margin in January 2009. During October’s Supreme Court hearing, State officials repeatedly noted that Kentucky’s legislature had not yet acted on the legality of internet gambling outside of horse racing.

The Courier-Journal added that Illinois and Virginia had taken similar approaches to taxing online wagers on horse racing.

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