In a surprising occurrence in the online poker world, high stakes poker player Tom ‘durrrr’ Dwan is no longer a member of “The Professionals,” the sponsored players for Full Tilt Poker.
Visitors to the Full Tilt Poker website, which once featured Dwan alongside his “Professionals” teammates Gus Hansen and Viktor ‘Isildur1’ Blom, are now graced with only the visages of Hansen and Blom on the site. According to PokerListing’s Matthew Showell, there was little fanfare over the separation between Dwan and FTP. “Full Tilt Poker and Tom Dwan have agreed to part ways following the recent expiration of Dwan’s contract,” Showell quotes a Full Tilt spokesman as saying. “To have one of the most respected names in poker on our team has been a great pleasure. We will continue to watch Tom at the tables and wish him every success in the future.”
Hansen, Blom and Dwan were brought onboard Full Tilt Poker as “The Professionals” in November 2012 following the rebirth of the site under the auspices of the Rational Group (also the owners of PokerStars). Hansen and Blom have been very active on the new site, with Hansen having a difficult time (according to High Stakes Database, Hansen is down $8.53 million this year alone) and Blom very slightly up (roughly $650,000). The situation for Dwan is much different, however.
Over the past year, Dwan has been moderately active on Full Tilt Poker, scoring roughly $750,000 in profits. High Stakes Database shows, however, that Dwan has had lengthy periods of inactivity; from June through September, there was no movement in his bankroll graph and, following a spurt of activity in September and October, Dwan hasn’t been back since. This could be one of the reasons for the dismissal of Dwan from “The Professionals.”…
Card counting is a strategy used in blackjack to determine when the player has a statistical advantage over the house. This is done by tracking the ratio of high cards to low cards left in the deck. The greater the percentage of tens, face cards and aces in the deck, the greater the advantage for the player. The basic idea is to bet more money when the player has an advantage and less money when they are at a disadvantage.
There are many card counting systems, but it is first necessary to learn the basics of the plus/minus point count system. This system is relatively easy and with a minimal amount of practice you will be ready to play for real. The more complex systems are variations of the plus/minus and can be easily adapted after learning the basics. There are also easier systems, such as the Ace Five count, but they are less accurate and require you to raise your wagers at a much greater rate. The way a casino can tell when you are counting cards is that you greatly increase your bets when the count is in your favor. The plus/minus system allows you to raise your bets at a more gradual and harder to detect rate.
In blackjack the player gains an advantage when the deck has a shortage of cards valued 2,3,4,5 and 6. The player is at a disadvantage when the deck has a shortage of tens, face cards and aces. By counting cards you will know when you have this advantage and be able to capitalize on it by increasing your bets. When the deck has a disproportionately low amount of face cards and Aces, you can alter your strategy by hitting on hands you normally would not. This …
Technical problems trigger panic sales on the Bitcoin market. The exchange rate sometimes loses more than half of its value. The Internet payment method is still considered an alternative to the euro. By Daniel Eckert
Electronic money from exchange tutorials
A cold shower for speculators, and what a shower. Investors who got into Bitcoins in the past few weeks are currently experiencing their first crash. On Wednesday evening, the price of the Internet currency briefly passed the 200 euro mark, and it has been falling rapidly since then. The prices fell to around 100 euros by Thursday afternoon – a loss of more than half within a few hours.
“It was probably inevitable that such a course correction had to come about,” says Oliver Flaskämper, head of the electronic trading platform Bitcoin.de. Many newcomers have recently not even dealt much with the idea and technology of digital money.
“Then it was all about the quick profit.” The many purchases would have resulted in rapid price increases, but this resulted in an increasing number of “shaky hands” in the market.
Product of a mysterious programmer
“Shaky hands”, that is how the late stock exchange master André Kostolany used to call speculators who sell their positions at the slightest setback and thus accelerate the downward trend. “The Bitcoin market has now had to experience that too,” says Flaskämper.
The world’s largest Bitcoin exchange Mt. Gox explained the crash in a Facebook entry as follows: The trading system had failures because it could not cope with the influx of new users. The number of transactions tripled within 24 hours. The result was a panic reaction among some Bitcoin owners, which caused the price to collapse.
Bitcoins have been around since 2009. They go back …
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