Jerry Yang, World Series of Poker Main Event Champion, earned $8.25 million for besting a field of 6,358 players in 2007. But now it looks like he’ll get to keep the title, but not the bracelet. An auction of Yang’s property, including his Main Event bracelet, is being held by the Internal Revenue Service. The reason listed on the IRS Website is “under the authority in Internal Revenue Code section 6331, the property described below has been seized for nonpayment of internal revenue taxes due from Taxpayer.”
To read more about Yang’s tax woes, click here.
Get your dose of poker humor with this comic from http://pokerati.com.
Poker pro Jordan Morgan gives helpful tips on avoiding going on “autopilot” when playing poker. In a recent interview, Morgan discusses adapting to other player’s playing styles and the importance of good bankroll management. Also, he gives advice on staying focused, especially when you are winning because players have a tendency to play more recklessly.
For more of Jordan’s strategy tips, click here.
Check out this funny poker comic from pokerati.com
A recent online forum thread asked the question and elicited responses from poker players all over the world. Some answers are hilarious and superstitious, as one player whose dreaded poker hand is KK, laments, “Every time I 3bet, I get floated and an ace hits the flop and A-3 offsuit improves. Sometimes, I shove as often as possible pre-flop, even with like 30 big blinds.” Other players have become so infuriated with a certain hand, that after losing with it they feel like throwing their laptop out the window. Read the rest of the article here.
What’s your poker hand nemesis?
Almost two years after Black Friday, Chris Ferguson has reached a civil forfeiture settlement with the DOJ. Ferguson will forfeit a minimum of $2.35 million, in addition to an unspecified amount from an account seized following Black Friday. The funds will be put towards the repayment of US players.
For more on Ferguson’s deal with the DOJ, click here.
A 41-one-year-old man from Brooklyn, N.Y., allegedly stole $55,000 worth of chips from the Parx Casino in Bensalem, Pennsylvania, and was arrested after returning to the casino about four hours later to cash them in, state police said.
He is currently under $75,000 bail. Click here for the full story.
Not great news for Atlantic City’s most expensive casino ever. After opening less than one year ago, Revel will soon be filing for Chapter 11 protection. Many were hoping that Revel would revive Atlantic City by pulling impressive revenue numbers. However, it seemed that Revel was destined for failure, with financial issues plaguing the Casino before construction even began.
Click here to read more.
Luck may be relative, but I’m sure many poker players have caught themselves complaining about their opponent’s good luck, and how they always seem to “get there.” Instead of bemoaning your opponent’s good fortune, perhaps you should be focusing on ways to adapt to their lucky streak. Poker pro Courtney Harrington discusses ways to stay positive and minimize the variance while your opponent is on a heater.
So quit complaining about your latest bad beat. Read more from Courtney here.
Check out this amusing poker comic strip from pokerati.com.