Posts Tagged ‘online poker’

Pokerstars tenth anniversary

Friday, January 13th, 2012

With humble origins from December 2001, PokerStars began from scratch a decade ago to become the leader of online poker. All the staff would get excited each time the number of connected players would reach a landmark figure. After one year of being in the business, they reached the 100 number mark of players playing at the same time. Another year later, everyone was ecstatic when 10,000 players played simultaneously at their site. The numbers grew continually until reaching one hundred thousand players in 2006 and two hundred thousand players in 2008. By early 2011, the figures show that there were more than 250,000 players that simultaneously played online at stars. It must be noted that these figures show the number of players all over the whole world who are playing poker at the same time.

pokerstars tourneys

Aside from breaking records in the number of players playing simultaneously, PokerStars has also broken many other of their own records. They regularly host record breaking tournaments featuring the largest number of participants in the history of poker. Probably the most famous of all their tournaments is the one with the tiny $1 buyin. On July 19, 2009 this event attracted 65,000 players. They broke their own record on December 27 of that same year when 149,196 participants signed up for the event with only a $1 entry fee.

It was only appropriate that their 10th anniversary last year would also break many records. In celebration of this 10 year milestone, PokerStars had organized 10 special events which run from November 1 to December 17, 2011. For the $1 tournament, they set up a maximum limit of 200,000 players and added $50,000 for a guaranteed $250,000 prize pool.

Registration was quickly filled out and completed over 3 hours before the competition was to get started. A representative from the Guinness Book of World Records confirmed that PokerStars had set a new record with the largest online poker tournament ever. This event was won by a Russian player sokoluk1991 who got $40,258 as part of a 3 way deal.

Probably one of the best winning stories in the series of tournaments was the one of 24 year old Kyle “First-Eagle” Weir from Canada. Before joining the tournament, his biggest monetary win was less than $40,000; he was unemployed and regularly played poker for extra cash. He was just one of the 62,116 players who joined the Sunday Million. Then his life was turned upside down when he was announced the poker winner of the biggest online poker tournament in history (note that large means the field, and big means the prize pool). Weir walked away with $1,146,574 for his feat in achieving just the right balance of skills and bankroll management. PokerStars ended 2011 with a bang and expects 2012 to be grander than ever.

Is online poker a gambling addiction?

Thursday, May 27th, 2010

The first question is if gambling is a problem, but the answer is an obvious yes. This is why there are so many organizations all around the world helping people with a gambling addiction. As poker is a form of gambling, can it lead to a gambling addiction, and if yes, how many online poker players are affected by this.

The second question which is debated all over the Web is if poker is gambling. And it is so sad to observe that all over the world, there is no unique answer. Recently the Swiss High Court has determined that poker is gambling (primarily a game of chance), hence poker can only be played in casinos in Switzerland. But how come then the Indiana University is organizing a poker tournament in August that is only opened to poker bots?

Why would computer science students and researchers in artificial intelligence spend thousands of hours trying to create algorithms that can play poker well, if poker was no more than craps or roulette: a game of pure luck? This is a contradiction in the world nowadays, a confusion that only makes playing poker more complicated for everyone involved including regulators.

The problem is that poker is luck and skill, but in what proportion? This is an ill-defined question, with no clear answer. For instance it could be said that there is much more skill involved in a high stakes ring game than in a low buy-in poker tournament. Or it can be argued that fixed limit Texas Hold’em is more skilled based than pot-limit Omaha where variance is comparatively huge. After all, a good measure of chance is variance. What this means is that the proportion between skill and luck is not even a constant as it depends on each poker game under contemplation.

In all honesty this debate cannot easily be put into a scientific context due to the above mentioned issues plus many more, and it depends on the preexisting legal landscape (often drafted from the Dark Ages) in each country or state. So do not expect a global uniform law as far as gambling is concerned. This is why places like Las Vegas and Macau will always prosper. And the same should happen over the Internet with some international companies achieving the same type of status.

The question you must ask yourself is if poker is a problem for you and if you think it is an addiction for you. Hopefully not, but if you feel that you are somehow addicted, you must take the necessary steps to learn how to control yourself. Only play poker with moderation is our word of advice.