Internet poker sites have only been around for a little over a decade, most of them are even younger than that. The industry is potentially very lucrative, representing hundreds of millions of dollars, and that’s not including slot gaming and other popular online casino gaming.
The word “arbitrage” is most often used in investing situations to refer to a profit made from mis-pricing or the difference between two quotes. Arbitrage betting is placing two or more bets simultaneously at different sportsbooks when the bookmakers’ prices are different enough that all outcomes are covered. In other words, no matter the outcome, the bettor turns a profit. In gambling parlance, an arbitrage bet is usually just called an “arb.” Poker players who want to increase their online gaming winnings should learn about arb bets.
Unless you are an expert handicapper or the luckiest guy on Earth, the sportsbooks know they’re very likely to make money off you. People think that betting on sports is like betting on blackjack. The thought process goes like this: if I understand all the math behind a bet, if I play this bet with optimum strategy, I can expect a positive return, I can win more often than I lose. Unfortunately, even a perfect understanding of the mathematics of sports betting won’t turn you into a millionaire by placing sports bets.
Today saw Pokerstars confirming that they had added 29 year old Ukrainian Eugene ‘MyRabbiFoo’ Katchalov to their Pro Team.
The move completes a highly successful year for Katchalov who shot to fame after he conquered the 2007 WPT Doyle Brunson Five Diamond World Poker Classic and took home a cheque for almost $2.5m.
We brought you news a little while ago of a split between Pokerstars and the former WSOP Main Event champion, Greg Raymer.
Well the latest twist in this story is that Raymer has arrived at the upcoming NBC National Heads-Up Poker Championship with a Full Tilt logo on his arm.
When Peter Eastgate won the WSOP Main Event in 2008, he was the youngest player ever to achieve the feat.
Aged just 21, his victory won him millions of dollars and the adoration of millions. It also thrust him into the spotlight very suddenly and the young Dane found that he didn’t like the fame and attention that his unexpected victory bought him.
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