Category Archives: Gambling

A Match for the Ages: Negreanu Challenges Hellmuth to Heads-Up Duel

Daniel Negreanu already appears to have his next heads-up poker opponent in mind, and it’s none other than Phil Hellmuth, who was critical of “DNegs’” play against Doug Polk.

Will Daniel Negreanu and Phil Hellmuth face off on the felt in a winner-take-all heads-up match? Don’t bet on it. (Image: pokerscout.com)

Negreanu lost $1.2 million to Polk over 25,000 hands of $200/$400 No-Limit Hold’em on WSOP.com. He wasn’t expected to win, so it didn’t come as a surprise to many. The GGPoker ambassador entered the match as more than a 4-1 underdog.

Despite virtually every poker expert expecting a Polk victory, Hellmuth ripped into his fellow Poker Hall of Famer’s play on the new PokerGo show, No Gamble No Future.

PokerStars Michigan Strikes Hard and Fast with $1 Million COOP Festival

PokerStars Michigan is laying down a marker in the Wolverine State with the first in what’s likely to be a string of big-money festivals.

PokerStars Michigan is striking hard and fast with a $1 million guaranteed festival known as MICOOP. (Image: MelissaMN/Adobe Stock)

Just 12 days after launching in Michigan, PokerStars is setting the bar high with one of its famous COOP events.

The inaugural Michigan Championship of Online Poker (MICOOP) will get underway on February 20 and feature a $1 million guaranteed prizepool.

Texas Lt. Gov. won’t give sports gambling talk the light of day

The second-in-command in Texas is putting his foot down. Lt. Governor Dan Patrick has decided that, as long as he’s around, there won’t be any serious talk about sports gambling or casinos in the Lone Star State. Both activities have been brought to the forefront recently as methods of securing more revenue and have even found support from professional sports teams. Patrick is apparently willing to forego any attempt to allow Texans to decide their future, which is what the government is supposed to do, and told a local radio station in Lubbock, Texas, that sports gambling is “not even an issue that’s going to see the light of day” anytime soon.

Patrick seems to be unaware that politicians are given their positions to help support and form policies that are created by the wishes of the people they represent. They’re not in positions of power to assert their own will or desires. However, he admits that he’s not in favor of any type of gambling and there’s little chance he will start dancing to a different beat in the near future.

Patrick isn’t alone in his distaste for generating more revenue for Texas and asserts that many state senators are against gambling expansion, as well. With Republicans outweighing Democrats 18-13 in the Senate, they, along with Patrick, can control what happens, even if public support for gambling were to be found. Mark P. Jones, a political science expert at Rice University’s Baker Institute seconds that notion, telling Casino.org, “As the undisputed leader of the Texas Senate who controls its agenda with an iron hand, Patrick is better positioned than anyone in Texas to ensure that gambling legislation does not see the light of day in 2021.”

According to some reviews, up to $2.5 billion could currently be leaving Texas each year to be spent on gambling activity outside the state. Simple math at a 10% tax rate shows how much additional revenue could be given to the Texas government, which could be used to improve education, roadways and much more. As things go right now, Texas lawmakers are essentially throwing away perfectly good money, the same way they would if they took a $10 bill out of their wallet and threw it into the gutter. Gamblers are going to gamble and there are plenty of options available to Texans outside the state.

Germany’s strict sports gambling rules pushing more to illegal sites

Sometimes, it doesn’t necessarily pay to be right. The Düsseldorf Institute for Competition Economics asserted last month that Germany’s proposed tax structure for online gambling activity could lead to more gamblers turning to illegal or offshore sites and it seems that’s already happening in a big way. Sports gambling, in particular, is watching a transitional move toward the alternative options, propelled by new, controversial regulations and a massive halt in sports last year because of COVID-19.

Germany’s legal sports gambling market saw revenues last year of €7.8 billion ($9.45 billion), according to the country’s Federal Ministry of Finance. This was 16% below what had been seen a year earlier, when the market recorded €9.3 billion ($11.27 billion). The period from March to May was the worst, corresponding to the time that the world essentially shut down sports activity everywhere, but began to pick up in June. Since September, sports gambling revenue in the country has continued to perform better, but it is still much lower than it was a year earlier.

As a result of the downturn, sports gambling operators couldn’t contribute as much to the government’s coffers as they had a year earlier. In 2019, they gave €464 million ($562.7 million), but this dropped to €389 million ($471.78 million) last year. However, despite the drop, some believe the German Sports Betting Association (DSWV, for its German acronym) profited from the pandemic, an assertion the organization emphatically denies.

According to DSWV President Mathias Dahms, “The exact opposite is true. During the first lockdown in spring 2020, when all European leagues had ceased their gaming operations, the German sports betting market collapsed completely: in April by 90 percent compared to the previous year, in May by 75 percent. Without sport there can be no sports bet, of course.”

Sorry, Phil Hellmuth, Phil Ivey is the Poker Player Who Best Compares to Tom Brady

No disrespect to Phil Hellmuth, a true poker legend, but it’s actually Phil Ivey who best compares to NFL superstar Tom Brady. Poker fans on social media recently spread a meme comparing the “Poker Brat” to the Super Bowl winning quarterback. Although debated in good fun, the creator of the meme got the wrong Phil.

Phil Ivey is poker’s biggest superstar, and has been for many years. (Image: CardsChat News)

Brady led the Tampa Bay Buccaneers to a 31-9 beatdown of the favored defending champion Kansas City Chiefs on Sunday. In doing so, the former New England Patriots quarterback won his record sixth NFL title. Even at age 43, he’s still unstoppable and most football fans consider him the best QB ever.

Hellmuth can certainly make some comparisons to the future Pro Football Hall of Famer. Like Brady, the 15-time WSOP champion has a record for most titles, his being in World Series of Poker events. And he’s won bracelets in multiple decades, much like Brady’s Super Bowl rings have been spread out over nearly a 20-year period. But that’s where the real comparisons end, despite what you read on the following meme.