Monday, December 25, 2006

Lifestyles of the Sick and Famous

Thats the name of the article in the current issue of Bluff Magazine written about 2+2's own Raptor and Durrr, AKA members of the notorious Ship It Holla Balla's. These guys have been coming way up in the poker world with there already huge presence on the boards combined with Alan Sass's 2nd place finish to Jason Lester in this years PLHE event at the WSOP.

I'd like to give a huge shout out and congratulations to these guys. I've known several of them for a couple of years now as we came up together through SNG's, and I'm very happy and proud of all of the success they are having and the positive exposure they are getting.

I'm also lucky in that I have partnered with them to help promote RakeAid.com!

Thanks for reading, now get back to the tables!

Wild Bill

Tuesday, December 19, 2006

Good News For Online Poker Fans

Professor I Nelson Rose is recognized as one of the world’s leading experts on gambling law. His latest books, Gaming Law: Cases and Materials and Internet Gaming Law, are available through his website, www.GamblingAndTheLaw.com.


The following is an article he recently wrote on the current state of online gaming, it carries an extremely positive message about the future of our industry:

Internet Poker Folds A Winning Hand

The fallout from the new Unlawful Internet Gambling Enforcement Act of 2006 has been nothing short of amazing.

Every publicly traded gaming company is running for cover, and many of the private ones as well. Operators as big as PartyPoker and the payment processor FirePay stopped taking bets from the U.S. when President Bush signed the bill into law on Friday, October 13th. Other companies have said they will cut off U.S. players once regulations are in place.

The main question is: Why?

The new Act should add little to an online operator’s worries. Legally, it creates a new crime, accepting money for unlawful Internet gambling transactions, that only applies if the gambling is unlawful under some other federal or state law. Practically, this was not a drive by the federal Department of Justice or any state prosecutors. It was merely an underhanded ploy by a hypocritical politician, Bill Frist (R.-TN), to score some points for his presidential ambitions with the religious far right.

Some legal commentators have said that the new Act is something new, because it makes an operator guilty of this new crime in every state, since every state makes non-licensed gambling illegal.

But, half the states do not have laws on the books against bettors. In those states, betting even with an illegal bookie is not a crime.

The other states do make betting under some circumstances a crime. Of course, in the history of the United States, only one person, a sports bettor in North Dakota, was ever charged under these archaic statutes.

I have heard it argued that up until now, the only potential criminal liability was on the bettors in those states, not the foreign operators.

Imagine what such a law would say: It a crime in this state to make a bet, but it is not a crime to be in a gambling business that accepts the bet.

There never has been a law that penalizes only the players and not the operators.

More importantly, these laws were on the books long before this new Act was passed; so were the many state statutes outlawing unlicenced gambling businesses. If an Internet poker operator was violating any of these state laws it was already in trouble.

Years ago, Congress made it a federal felony to be involved in any way in a “gambling business,” defined as five or more people violating state gambling laws for 30 days or with gross revenues of $2,000 in any single day. Worse, if those were state felonies, the operators were already guilty of the federal crime of racketeering, which has far worse penalties than this new Act.

Internet poker operators had looked at the state and federal anti-gambling statutes and concluded that they probably did not apply. The federal Wire Act, for example, was held to be limited to sports bets, while the state statutes are flawed because they do not expressly apply to out-of-state operators.

This new Act does not extend the reach of the Wire Act or any other federal or state anti-gambling law.

There may be good reasons for folding a business that is making millions of dollars a day, including the risk of prosecution. But this new Act did not change those odds.



Thanks for reading, now get back to the tables!


Wild Bill

Friday, December 15, 2006

The Importance of Rakeback

Thought I'd do a little Public Service Announcement for you guys.

When playing for a living, I cannot possibly stress how important rakeback is. It gets you through the lean times and adds a significant increase to your profit in the good times. Also in referring others to rakeback sites you can make even more money!

Heidi at RakeAid.com has asked me to let my readers know about their site. They have been in the rakeback business a long time and Heidi and RakeAid.com have my full trust and confidence. I even get my rakeback through them for several sites! RakeAid.com has offers now at FullTiltPoker, Absolute, UltimateBet and several others.

Thanks for reading, now get back to the tables!


Wild Bill

Saturday, December 09, 2006

Pattaya, Bangkok, Full Moon Party and Singapore

These are the main places I’ve been over the past five weeks. When I first arrived I went around the islands with my buddies and had a blast. We spent some time in Pattaya and I quickly realized that is not my kind of town. Whore central of Southeast Asia and not much else to do.

Bangkok has been amazing. Setting up an office and got a sweet 24th floor apartment overlooking downtown Bangkok for $500 per month. The equivalent in New York or Los Angeles would be at least $2,000 per month, likely much more.

Bangkok has been very good to me in, shall I say, an interpersonal manner. Unfortunately if I were to reveal too many details here it might contribute to my empire crumbling. If you want sordid details I suggest finding my thread on 2+2.

I just spent the last week on Koh Pha Ngan with a lady friend and Will and Zack, had a blast at the Full Moon Party and staying at the best beach resort in Southeast Asia (at least to me), Tommy Resort on Haad Rin. 2500 baht per night for a gorgeous bungalow literally on the beach and just steps from all of the action.

We’re all in Singapore now to get our visa’s renewed and be able to stay in Thailand again for two months. I rather like this system actually, it forces us to take a vacation every two months and hopefully it will be to a new and exciting location each time. On the list for the future are Manilla, Hanoi, Kuala Lumpor, Tokyo, Beijing and Bali.

Singapore is pretty awesome, despite the graphic images on the sides of my $11 packs of Marlboro Lights. We happened upon a huge once a year party here that was pretty awesome if you are into electronic music. Headlined by Ferry Corsten it was on a beautiful beach on a small island off of Singapore. If you are ever in the area this time of year, be sure to checkout ZoukOut.

Unfortunately for us all I’m a retard with small expensive electronics and have lost my digital camera (yet again) and also a digital camcorder I had purchased. Left them in a taxi on the way to the airport. I’ll see about getting some pictures from Will or Zack.

I’ve been thoroughly enjoying my break from the internet but I do appreciate all of you who have been following along as well as the emails with questions and encouraging words I’ve been receiving. I’ll try hard to update more frequently.

Thanks for reading, now get back to the tables!

Wild Bill

Friday, December 01, 2006

Livin

Sorry for the lack of updates. I have no internet yet it my apartment in Bangkok.

I've also had little interest in the internet of late so haven't been as tied to this blog or to 2+2 etc.

I'm sure I'll get wired again soon enough but for now am thoroughly enjoyin all that Bangkok and Thailand have to offer ;)

I'm taking tons of pictures and video's and having some amazing experiences, I'll share them with you guys as soon as is feasible.


Cheers


Wild Bill