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Combined Player Pools Shatter Guarantees In WSOP.com Coast To Coast Classic

The poker player pools in Nevada, New Jersey, and Delaware came together as one on May 1. WSOP.com wasted no time in tempting players to get on the combined platform by announcing the Coast to Coast Classic on the following day.

The tournament began on May 11 and guaranteed over $1,000,000 in prizes throughout the series. The lead-up time to the tournament series was necessary as it allowed more players to get their new accounts validated and in working order.

An overview of the Coast to Coast Classic

All three states participated in the 32-event tournament series over 10 days. With buy-ins ranging from $30 to $1,000, the Coast to Coast Classic had something to offer everyone.

The series will surely go down as a resounding success. Of the 32 events, the only one didn’t reach its guarantee. Event #9 – $100 NLH $25,000 guaranteed missed by $528. More than $1.3 million was paid out to players during the series.

The first tournament series following the launch of a combined player pool shows the power it holds. The majority of the 31 events that exceeded their guarantees did so by substantial margins.

The big turnouts bode well for the future of big tournament series on WSOP.com.

Coast to Coast Classic Main Event Recap

The marquee event of the Coast to Coast Classic was Event #29: $500 buy-in $200,001 guaranteed Main Event.

When registration closed, 526 entries (363 entries + 163 re-entries) contributed to the prize pool of $245,642. It crushed the guarantee and became the largest non-bracelet online tournament in U.S. regulated poker history.

Over 11 hours after the Main Event began, New Jersey’s Pierre “P_aire_146” Deissler claimed victory and the first-place prize of $61,411.

Deissler’s win more than doubled his best live tournament cash of $25,986 and nearly 10x his best online cash of $6,965. What’s more, he more than doubled his entire earnings for the past four years on WSOP.com.

If you read through Deissler’s twitter feed, it appears that he will be heading to Las Vegas soon. He doesn’t specifically mention the WSOP, but there’s a good chance he might try to parlay his winnings into a gold bracelet.

The Coast to Coast Classic Main Event final table results:

  1. Pierre “P_aire_146” Deissler — $61,410
  2. “XcrazylegsX” — $34,389
  3. “frankslatery” — $20,879
  4. “beastro” — $15,966
  5. “baileykins” — $13,510
  6. “filthydiaper” — $11.053
  7. “deezz_nutzz” — $8,351
  8. “nomercy03” — $5,649
  9. “StackyMcChip” — $3,684

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Get ready for a busy summer at WSOP.com

There are four online bracelet events at the 2018 World Series of Poker:

  • June 3rd – Event #10: $365 WSOP.com ONLINE No-Limit Hold’em
  • June 22nd – Event #47: $565 WSOP.com ONLINE Pot-Limit Omaha 6-Handed
  • June 29th – Event #61: $1,000 WSOP.com ONLINE No-Limit Hold’em Championship
  • June 30th – Event #63: $3,200 WSOP.com ONLINE No-Limit Hold’em High Roller

WSOP and WSOP.com are excited to offer these events to players in Nevada and New Jersey. You can expect satellites and promotions throughout the summer.

It all started with the Coast to Coast Classic.

Every player who registered for at least one Coast to Coast Classic event earned a ticket to a satellite for the $365 WSOP bracelet event. The satellite guaranteed 20 seats.

Don’t worry if you haven’t won your seat yet – there are more chances to come.

WSOP.com will be running second chance freerolls through May 27. Players who fail to earn a seat in one of the daily satellites on WSOP.com will earn a free ticket into the Second Chance Freeroll that week. It will award one entry to WSOP Event #10: The $365 Online event.

Additionally, the WSOP.com will host The Marquee 33. The $22 buy-in event will guarantee 33 seats to Event #10. Log in to your WSOP.com account from Nevada or New Jersey on June 2 at 8:00 p.m. ET to play.

But wait, that’s not all.

WSOP.com is offering a boosted bankroll bonus to help players earn their way to gold. Enter the code “MAY1000” by May 21 to receive a match on your deposit for up to $1,000.

Don’t leave anything to chance. Boost your bankroll and earn your seat today. The countdown to the 2018 WSOP is on.

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Five Things To Look Forward To At The 2018 WSOP

May has already been full of surprises, and with the 49th World Series of Poker on the way, this month shows no signs of slowing down.

Coming into the WSOP, players should be mindful of new online poker registrations and where to get the best snacks, but here are the things players should really get excited about, thanks to the WSOP and Caesars.

Shared liquidity

There are a lot of firsts on this list, but this is by far the most monumental. New Jersey players can enter official online WSOP gold bracelet events alongside Nevada participants this year. With that new opportunity also comes a new loyalty reward program, Poker Rewards, that gives players up to 32 percent rakeback. 888 and Caesars hope to bring in more players with this shared pool in Nevada, New Jersey, and Delaware.

Shot clock

In the past few years, shot clocks have made their way into the tournament scene. This year, for the first time, the WSOP will use shot clocks for three events:

  • $100,000 No-Limit Hold’em High Roller (Event #5)
  • $50,000 No -Limit Hold’em High Roller (Event #77)
  • The Big One for Drop $1,000,000 No-Limit Hold’em (Event #78)

Big blind ante

The WSOP will use the big blind ante, a new format meant to pick up the pace of the game, for eight events. On top of those eight events, the $200 Deepstack (at 4 p.m.) and $150 Deepstack (at 10 p.m.) will use big blind antes. Essentially, only the player in the big blind will ante. Without each player anteing before the hand, the player in the big blind will post an amount equal to the big blind/ante in addition to the big blind.

The big blind changes the meaning of the ante. Instead of paying a specific ante each hand, players pay a specific amount each round. This will potentially even the playing field and make the game easier because players won’t have to remember to ante and dealers don’t have to collect antes.

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New Player of the Year calculation

This change starts with something familiar and then makes it even better, depending on who you ask. As done in the past, players that cash in open gold bracelet events receives Player of the Year points. Now, however, the type of win matters more. Those who win or final table will receive more points than those with min-cashes.

While in 2017 the wins ranged from 3.25 to 8 times more points than the amount of a min-cash (based on the event), now the ratio is always about 20:1.

The WSOP responded to player feedback in an effort to provide more rewards to those who won bracelets and ran deep in an event.

Taking from the points system already in place on the WSOP Circuit, the WSOP will utilize the same scale and modify it based on buy-in and number of entries.

Players who just can’t quite get the hang of it in a short amount of time need not worry. The points calculator will be on the WSOP website to give players approximate point counts based on events, entries, and finishing place. These points will also appear on the individual event results and prize pool tabs.

Points adjustments

This new system would not change the winner in 2017, but it would adjust the points received from 23 cashes, one bracelet, one runner-up finish, and an additional final table.

The 2018 Player of the Year race does include both the WSOP at the Rio (May 29 – July 17) and the WSOP Europe at King’s Casino (Oct. 11 – Nov. 2).

Among other changes, all players who cash in the Giant and PLO Giant will receive points, which will be calculated after the final starting flight (to get number of entries recorded). For heads-up and shootout events, players eliminated in the same round will receive the same number of points. In other words, they will receive the average of the points those places would have earned in a standard flight.

Players can cash multiple times, but the Player of the Year points will only trigger once for each event, based on the final results.

New events

Nine events will debut this WSOP. Here they are:

  • May 30: Event #2 – $10,000 No-Limit Hold’em Super Turbo Bounty (bounties: $3,000 ea.; 20-minute levels, one day only)
  • June 5: Event #5 – $100,000 No-Limit Hold’em High Roller (largest buy-in in WSOP history that isn’t for charity; big blind ante and shot clocks included)
  • June 3, 10, 17, 24, July 1: Event #11 – PLO GIANT – $365 Pot-Limit Omaha (starting flights each Sunday at 7 p.m. June 3 to July 1; flights combine for Day 2 and Day 3 (July 2-3).
  • June 16/17: Event #34 – $1,000 Double Stack No-Limit Hold’em (double the chips at a $1,000 buy-in level; two starting flights; unlimited reentry).
  • June 22: Event #47 – $565 WSOP.com ONLINE Pot-Limit Omaha 6-Handed (first online Pot-Limit Omaha bracelet event; unlimited reentry; desktop software required)
  • July 6: Event #67 – $1,500 Pot-Limit Omaha Bounty (first WSOP Pot-Limit Omaha bounty ever; $1,5000 buy-in; $500 bounties)
  • July 11: Event #73 – $1,000 Double Stack No-Limit Hold’em (30-Minute Levels) (10,000 chips; freezeout with one starting day)
  • July 12: Event #75 – The Closer – $1,500 No-Limit Hold’em (30-Minute Levels) – $1 Million Guarantee (three starting flights, unlimited reentry, 15,000 starting chip stack)
  • July 13: Event #77 – $50,000 No-Limit Hold’em High Roller (big blind ante and shot clock included)

Photo by trekandshoot / Shutterstock.com

 

 

 

 

 

 

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Monmouth Park Wants More Than A PASPA Repeal, It Wants Money

 

 

 

 

 

 

 

 

With one win, New Jersey racetrack Monmouth Park is looking for another.

In the wake of the Supreme Court’s decision to lift the ban on sports betting, Monmouth Park is wasting no time to get back what it lost in the interim.

Monmouth Park officials told Asbury Park Press they would file a U.S. District Court application for damages accrued fighting the major professional sports league and NCAA on sports betting.

The hundreds of millions in damages would follow the park’s seven-year fight to rule the 1992 Professional and Amateur Sports Protection Act (PASPA) unconstitutional. These damages cover the temporary restraining order won by the leagues in 2014 and continues into the present day.

Monmouth Park stopped on its tracks

The application sits with U.S. District Judge Michael Ship in Trenton, who issued a stop order at the request of the leagues, who in turn posted a $3.4 million bond. This bond collected what was determined to be what Monmouth Park would lose during the time the order was in place.

These actions coincide with Monmouth Park’s preparation to accept NFL game bets in October of 2014. The case went to the Third Circuit Court of Appeals and then, later, the Supreme Court last year.

Dennis Drazin, a consultant to the horsemen’s group that leases Monmouth Park, the New Jersey Thoroughbred Horsemen’s Association, told APP this is just what the league owes.

“We feel we’re entitled to additional damages. We believe the leagues acted in bad faith trying to stop New Jersey from taking advantage of sports betting while at the same time they were pursing fantasy sports through their equity positions with the FanDuels and Draft Kings of the world, playing games in jurisdictions that permit gambling on sports, all while telling the courts it was an integrity issue.”

Leagues back in the betting game

While leagues vouched that there was an integrity issue, Drazin said they were posturing for profit, moving NHL and NFL teams to Nevada during that time.

Since the ruling, the NFL and NBA both released statements saying that they await a federal framework for sports betting from Congress.

Drazin continued that the losses include revenue Monmouth Park could have used during that time to give horsemen more purse money, to create a concert venue, to provide workers with raises, and to tie the hands of the trades who can’t give those raises.

Memorial Day: A potential greenlight?

Monmouth Park planned to open William Hill Sports Book for betting on May 28, but that plan quickly hit a snag, reported NJ Advance Media.

State Senate President Stephen Sweeney introduced a bill (S2602) this week to set up sports betting regulation and taxation in the garden State. This bill also states that any sports betting operation enacted before this setup would not be able to accept future bets on games.

Sweeney told NJ.com:

“We’re moving quickly with legislation. I’m hopeful we should be ready by early June. Everyone should respect the legislative process rather than jumping out…We fought for this for seven years. I’m anxious to get started just like everyone else.”

New Jersey has spent $9 million in legal fees fighting for legal sports betting at casinos and racetracks.

In the meantime, Sweeney said the bill would pass the Senate by June 7; the assembly would vote again May 24. Apparently since the report, Sweeney has told the racetrack to stand down.

Chris Christie weighs in

Chris Christie is done waiting. The former New Jersey governor told NJ.com that lawmakers should stop wasting time and let Monmouth Park take bets so as to capitalize on the time.

“You can’t just look at the tax revenue,” he said. “You have to also look at the residual of more people coming to New Jersey (to place bets).”

Christie is no stranger to waiting out decisions. He originally signed a law that allowed wagering at casinos and racetracks. The following sued Christie:

  • NFL
  • NHL
  • NBA
  • MLB

While Christie is unconcerned about his legacy, he’s proud of the decision and glad he helped win this fight for sports betting.

Preparations continue

Monmouth Park will have 26 betting windows at the onset, with six inside the William Hill bar (now sportsbook). While some employees will come in from Nevada, William Hill will also hire locally, reported ESPN.

William Hill U.S. CEO Joe Asher told ESPN that the sportsbook is built, the additional equipment will be brought in, and the hiring and training of front-line employees will come with any regulations in place.

“Obviously, having invested six years and $8 million in taxpayer funds, there’s a desire to reap a little bit of the benefit of that effort quickly,” Asher said. “So we’re going to try to make that happen. We’re going to act responsibly about it, as well.”

For the opening, William Hill will offer the same as sportsbooks in Nevada. Bets will need to be in person but mobile wagering will eventually come next.

Others prepping? Other states and NJ’s other players:

  • Freehold Raceway
  • The Meadowlands
  • Atlantic City Casinos
  • Golden Nugget

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Delaware is in on the action with gaming operators potentially operating in full by end of June. Mississippi could also start accepting bets this summer.

Asher told NY Daily News that the New Jersey sports gambling market could be twice that of Nevada’s market, or $10 billion a year. Drazin comparatively put Monmouth Park’s numbers at 5-10,000 people opening day.

 

 

 

 

 

 

 

 

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While PA Plans State Betting Regs, Hatch Eyes Federal Wagering Bill

Orrin Hatch isn’t backing down.

Hatch, the long-time Utah Republican senator, was one of four original authors of the Professional and Amateur Sports Protection Act (PASPA). Now he’s vying to author a new set of federal guidelines for sports betting.

In a statement released on the senator’s website, he said the following in the wake of the Supreme Court of the United States‘ decision to uphold New Jersey’s right to legislate sports betting.

“At stake here is the very integrity of sports. That’s why I plan to introduce legislation in the coming weeks to help protect honesty and principle in the athletic arena. I invite stakeholders and my colleagues on both sides of the aisle to join me in addressing this important issue.”

Hatch says issues same today as they were 25 years ago

Hatch’s main concern is that, while SCOTUS supported each state’s right to make their own decisions about sports betting, the issues that jeopardized sports integrity 25 years ago still exist today.

Hatch also pointed to a pair of other issues: the internet creating betting across state lines as well as the fact that gambling regulations will be a state-by-state patchwork without any standardization.

What makes Hatch’s argument so interesting is that the Las Vegas sports betting industry has shown that irregular betting patterns are pretty easy to sniff out.

One could argue that Pennsylvania doesn’t need to turn to the federal government for sports betting regulations. All they have to do is look to Nevada.

States can follow Nevada’s example

Dickinson Wright attorney Greg Gemignani is a casino law expert. In an interview with The Lines, he noted that Las Vegas is a great source of regulation wisdom because they’ve seen pretty much everything there is to see in the sports betting landscape.

“ If you’re a new state wondering how you should do it, look at the Nevada regulations and see how things are done. There’s probably a darn good reason they’re done that way,” Gemignani said. “A lot of the things that are in there are because we experienced problems and we addressed it through regulation. You can get a head start as a new state to take a look the regulations.”

Sports betting may face the same issues it did 25 years ago. However, the security measures and regulations that Nevada has put in place are more advanced than they were when PASPA became law.

Pennsylvania casinos and lawmakers could, in theory, consult with their Nevada counterparts to get a sense of what works and what hasn’t worked. Then regulators can use that loose framework as a basis for their own system.

Wire Act nuances may come into play

Hatch didn’t reveal many details about what his proposed regulations entailed. The fact that he mentioned the internet allowing people to place bets across state lines may mean that the senator will formulate rules that take the Wire Act into account.

Previous attempts by Senators Lindsay Graham and Dianne Feinstein to link the Wire Act to general internet gambling didn’t seem to move the Department of Justice to rethink their stance on it.

Whatever is included in Hatch’s proposed regulations, Pennsylvania seems to be on track to launch sports betting before Congress passes a federal sports betting law.

This past week Rush Street Interactive made news when they announced their partnership with Kambi. The company is a  global sportsbook operator who will work with Rivers Casino and SugarHouse. Like other casinos in the state, these properties are eager to start offering in-casino and mobile wagering as soon as possible.

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NJ Sports Betting Bill Might Prohibit Borgata, Golden Nugget And Caesars From Running Sportsbooks, At Least As Written

Proposed sports betting legislation in New Jersey could keep casino operators who own sports franchises from offering any sports betting. That would seemingly affect more than half the casinos in Atlantic City.

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