High-Stakes Online Poker: Dan Cates Wins $1.1 Million In Seven Days

Massive limit deuce-to-seven triple draw games have been running on Full Tilt Poker recently, resulting in some big wins for well-known poker pros.

Dan “jungleman12” Cates has benefited the most, adding tons to his already solid upswing. Over the past seven days on Full Tilt, he’s up $1.1 million. This month he’s up $1.6 million.

His leads the high-stakes online poker world with nearly $2 million in earnings on 2014.

Cates is now in the black $9.3 million lifetime on Full Tilt Poker. Over at PokerStars, he’s up around $370,000. He has played around 475,000 high-stakes hands between the two sites.

The Maryland native, who plays over in Europe these days thanks to U.S. poker restrictions, was recently united with millions locked up in his Full Tilt Poker account. He received an ACH deposit from the government in the amount of what was in his account when the site shutdown in 2011. Cates had the most stuck out of any of the victims of old Full Tilt.

The other big winner in the $1,000-$2,000 limit deuce-to-seven triple draw games has been kagome kagome, a high-stakes pro from Germany. He won around $920,000.

On the flop side, Viktor “Isildur1” Blom dropped $1.2 million over this past week. Russian Alex “PostflopAction” Kostritsyn managed to lose $783,000 during the span.

Blom had once been in the black more than $2 million in 2014, but now he’s in the hole around $175,000. He’s down $1.8 million lifetime on Full Tilt.

The big draw games saw the return of Phil “OMGClayAiken” Galfond, who hadn’t played at all this year until March rolled around. He is down around $185,000 this month.

Gus Hansen had been on a solid upswing this month, but the past few week or so hasn’t been too great for him. He’s back to approaching $16 million in losses lifetime on the software.

Figures via HighstakesDB. Image via PartyPoker.

 

Read The Original Article

Payments To Some Former Full Tilt Poker Players Approved By Feds

On Wednesday, the Poker Players Alliance announced that the federal authorities and Garden Metropolis Group — the firm it hired to process all the Full Tilt Poker claims — are simply “weeks away” from finally putting the money into the fingers of victims.

In response to studies, at the very least some of the money might be made by ACH deposit.

“I spoke with [Asset Forfeiture and Cash Laundering Section/Division of Justice] employees in the present day and they knowledgeable me that they've authorized roughly 30,000 undisputed participant claims,” John Pappas, PPA’s govt director, mentioned in a statement Wednesday.

“Backyard City ought to be making a formal announcement on its web site, fulltiltpokerclaims.com, throughout the next 24 hours. Gamers with undisputed claims must be looking for an e-mail from Backyard City Group throughout the next few weeks with directions on how to receive their cost.”

The PPA added in a Tweet that the money quantities to $82 million, which is round half of what was stolen from players by the positioning whereas below prior ownership. As of late Full Tilt Poker is beneath the identical umbrella of ownership as business-main PokerStars.

The information is good for these with undisputed claims, but there are in fact individuals who disputed the quantity GCG mentioned they have been owed. No phrase on what's next for these gamers.

More than one million potential victims of Full Tilt Poker had been identified within the initial processing of the data. The positioning shut down in 2011.

As soon as a dominant participant within the U.S. market, Full Tilt was engulfed in the Black Friday indictments within the spring of 2011. Later the Division of Justice alleged that the firm was working as a Ponzi scheme and paying its homeowners handsomely with the funds of players. All the former owners have settled their respective cases with the feds.

The information from the PPA comes after Backyard Metropolis Group originally mentioned that the money outs would happen by Mar. 31, 2014. In other words, issues are shifting ahead of schedule.

 

Online Poker’s Winners And Losers From 2013

Niklas “ragen70” Heinecker went on an absurd heater through the fourth quarter of 2013 on Full Tilt Poker to end the calender 12 months up round $6.3 million, which was tops in the on-line poker world, based on monitoring knowledge from HighstakesDB.

By the way in which, he also won another $four.5 million from tournaments.

It’s protected to point to Heinecker as the biggest winner, however after that it’s not possible to offer you any form of top 10 checklist, as numerous high-stakes regulars have opted out of getting their outcomes tracked. They wanted privateness, and HighstakesDB obliged.

At any price, Texas-native Ben “Bttech” Tollerene won nearly $three million throughout 2013, which was by far his best year ever. Tollerene was up that large quantity despite dropping $1.7 million to Viktor “Isildur1” Blom in a single session during in an motion-packed spring.

Ola “Odd Oddsen” Amundsgaard, who defeated a Norwegian politician in a highly publicized heads-up battle in early December, additionally won round $3 million final year.

Brit Alex “IReadYrSoul” Millar had a consistent 2013, winning round $2 million.

Patrik Antonius, who now plays under the screen name “FinddaGrind”, proved but again why he might be one of the best online poker participant in history. He gained $1.7 million last yr in his return to Full Tilt, bringing his lifetime earnings there to at least $thirteen million.

Tom “durrrr” Dwan performed sparingly in 2013, but still managed to win $750,000.

Although he was up greater than $5 million at one level during 2013, Blom managed to end the year with profits of round $580,000. A large six-figure year doesn’t sound too dangerous for the Swede, given his lifetime deficit on Full Tilt Poker, however the year might have been a lot, much better had he figured out easy methods to decelerate a bit.

As for the losers final 12 months, nobody compared to Gus Hansen. He dropped round $eight.4 million, bringing his lifetime losses on the Full Tilt software to around $14 million. He had few upswings in 2013, as he continued to get crushed session after session. However, he still stays stubborn and looks to be a very active player in 2014.

Unknown Macau account “MalACEsia” lost around $three.7 million final year, but that was in a pretty short span during the summer time. The account was the catalyst for massive $four hundred-$800 no-limit hold’em six-handed games that made a lot of regulars some huge cash.

Maybe the most important shock final 12 months was seeing Phil Ivey — now playing as “Polarizing” — get owned on the virtual felt. He is nonetheless the largest on-line poker winner in historical past, however 2013 noticed him drop around $2.4 million. Maybe his on-line magic is gone?

New Hampshire-native Ben “Sauce1234” Sulsky was the most important winner in 2012, taking home almost $four million, however 2013 was terrible for him. He lost $1.4 million.

His ultimate determine was not the result of a few bad months near the tail end of 2013. He struggled all yr, and towards the identical opponents he had crushed a yr before.

There is plenty of parity within the excessive-stakes on-line poker world.

The 12 months 2013 was the primary full year of Full Tilt Poker being back as the epicenter of the excessive-stakes on-line money video games. The site was shutdown in 2011 because of the Black Friday mess, before re-opening in late 2012. The return of Full Tilt reunited plenty of excessive-stakes regulars with their frozen account balances, most notably Hansen, who had been on a $6-million upswing prior to the positioning going defunct. Hansen went on to mud off all of that after which some to his friends.

One ought to count on 2014 to even be an thrilling 12 months for the net games at Full Tilt Poker, and to some extent at its sister site PokerStars. Keep tuned to CardPlayer.com for weekly recaps on Friday, with results and even some hands from the action.

Read The Original Article