Hi folks,
I’ve very limited time here but wanted to get a post or two up since I have this new fancy wordpress install.
Recently I discovered a very cool poker themed podcast hosted by Phil Gordon.
It’s ESPN Radio’s Poker Edge if you’re curious.
They were talking about the new legislation regarding online poker that has all the online poker players in the country panicked.
It’s being referred to as a ban on online poker.
Phil Gordon’s Podcast (two episodes in particular) did a pretty good job of summing up the situation.
The show is pretty good in general so you should check it out… but anyway here’s a run down and my take on the new law:
- Nothing is being made illegal that wasn’t already.
- On a federal level online poker has never been declared illegal
- This bill only affects the banks that process payments being sent to illegal online gaming companies.
A couple things to think about.
- Most people playing online poker either know how legal/illegal online poker is in their STATE… or don’t care
- This is a federal bill… so not a great deal is changing in their legal situation. (remember on a federal level online poker has never been declared illegal)
- Getting money in-and-out of a poker account MAY become more difficult, but…
- most people playing online poker seriously are using financial middle-men like netteller and firepay. These are services not unlike “paypal” but they are NOT US companies - and thus not subject to the new legislation.
- Granted… I believe that Net teller will be towing the line on this new US law .. but I’m not sure why - and there are certainly other options out there.
- Perhaps the biggest threat to those playing SERIOUS online poker is that inexperienced / weak players that lack the knowledge or motivation to use such methods may not be as abundant as they were before.
- This “law” is complete B.S.
- This was snuck into an anti-terrorism bill at the last second. It obviously has NOTHING to do with the larger bill - and is merely someone’s attempt to gain a political talking point in an election year.
- This was not studied … just written in at the last second. However there ARE studies showing that upwards of 60% of American citizens DON’T want online poker to be illegal. THEY WANT THE RIGHT TO PLAY!
- Clearly there’s a decent chance that the guy looking for a quick election year talking point will end up with a quick political spanking.
- This “law” is all but unenforceable.
- Putting the X on the bank’s back to check into EVERY transaction made in the country is NOT something they want to do. Hell it could bankrupt some of them!
- i.e. the banks are likely lobbying on “OUR” side on this.
- Speaking of lobbying…
- The poker players of the country are lobbying too! “The Poker Player’s Alliance“, a lobbying group in DC, is working hard to get an exemption for online poker.
- If the US Govt. REGULATES instead of eliminates the game it stands to gain 3.3T in taxable dollars. It only makes sense I mean consider this…
This country lets people BET on Fantasy Football. The rationale is that Fantasy Football can be considered a “game of skill” because players CHOOSE the football stars they have on their “teams” … poker is a game of chance because you can’t pick your cards. That’s completely the WRONG way to think about it.
In fantasy football you pick your teams… and then you’re done.
You have NO control over how they play - or if they get injured.
It’s like picking your dice in craps… you can choose the instruments… but you can’t make them DO anything.
In poker you are given your cards…
But YOU decide if you play them.
If you play - YOU Decide how to play them.
And YOU can stop playing them whenever you decide to do so.
Seems the common sense of the situation escapes those with the power to do anything about it.
all for now…











