Wednesday 30 September 2020

Bert Stevens Triumphs in the Latest GGPoker Super MILLION$

Bert Stevens ensured he enjoyed an extremely profitable September by taking down the latest edition of the Super MILLION$ High Rollers event online at GGPoker. Stevens came out on top of a 196-strong field in the $10,000 buy-in Super High Roller and padded his bankroll with a most impressive $393,362.

After winning his seat in a $1,000 satellite and coming into the final day second in chips, Stevens battled the aggressive style of Brazil’s “Beanboozled” to emerge victorious.

Super MILLION$ High Rollers Final Table Results

Place Player Country Prize
1 Bert Stevens Mexico $393,362
2 “Beanboozled” Brazil $300,040
3 Nator Mexico $228,917
4 Sean Winter Canada $174,653
5 Jake Schindler Canada $133,252
6 “McDavid97” Canada $101,665
7 Rok Gostisa Slovenia $77,565
8 “CharlieD23” Norway $59,179
9 Gullaume Nolet Canada $45,151

The Super MILLION$ runs every week at GGPoker. It costs an eye-watering $10,000 to enter, but there isa $2 million guarantee on the prize pool. Day 1 shuffles up and deals on Sunday at 7:00 p.m. CEST and continued until the nine-handed final table is set. That final table commences at the same time of 7:00 p.m. CEST the following Tuesday.The final table is streamed with special guests on the GGPoker Twitch channel.

Who are the biggest Super MILLION$ winners so far?

Some 196 players parted company with $10,000 this week, which left GGPoker nursing a $98,800 overlay. This is because the $10,000 buy-in is broken down as $9,700 + $300.

The field, as you would expect, was stacked with talent beyond belief. Such luminaries as Matthias Eibinger, Andras Nemeth, Jon Van Fleet, Dominik Nitsche, Daniel Dvoress, Steve O’Dwyer, and Ali Imsirovic were just a handful of superstars who failed to make their bullets count.

At least they didn’t fall in 28th place like “blackjak19” did. What was so bad about 28th place? It was the bubble. Their exit left the 27 surviving players in the money.

British star Stephen Chidwick was the first player to cash, his 27th place finish resulting in a $22,798 prize.

GGPoker-sponsored pro Bertrand “ElkY” Grospellier (23rd – $22,798), Thomas Muehloecker (20th – $22,798), Christoph Vogelsang (18th – $22,798), and Mike Watston (10th – $35,953) were just four stellar names to see a return on their investment. Finnish pro Samuel Vousden’s exit in 10th place, worth $35,953, brought the curtain down on Day 1’s proceedings.

Find out more about the GGPoker MILLION$ tournaments

First Casualty of the Final Table

Canada’s Guillaume Nolet was the final table’s first casualty. His ninth-place exit saw Nolet reel in a $45,151 score. Nolet was down to less than 200,000 chips (2.8 big blinds) and he shoved with pocket fives. “Nator” called in the small blind with pocket jacks and Rok Gostisa called in the big blind with king-queen of clubs.

Gostisa flopped top two pair so quickly called when Nator fired a large enough continuation bet to set him all-in.

“CharlieD23”, crashed out in eighth for $59,179 before Slovenia’s finest, Gostisa ran out of steam in seventh-place for a $77,565 addition to his bankroll. They were short-stacked and lost a coinflip with jack-nine against the pocket sixes of “Beanboozled”. Gostisa saw his stack dwindle before committing the last of his chips with ace-four and losing to the dominating ace-king.

Everyone with chips in front of them after Gostista elimination was now guaranteed a six-figure prize for their efforts and matters suddenly became very serious.

“McDavid23” was the player who banked the first six-figure prize. They open-shoved for 6.5 big blinds from the cutoff with queen-ten suited and found a caller in the shape of Sean Winter in the big blind who woke up with ace-jack. Neither player improved with the board in view and they headed for the exits with $101,665 to show for his efforts.

The final five because four when Jake Schindler fell by the wayside. Winter min-raised to 160,000 with ace-four of clubs and Schindler called in the big blind with queen-jack. Schindler then jammed 147,476 chips into the 410,000 pot with his open-ended straight draw and Winter called. The turn and river were safe for Winter and Schindler’s tournament ended.

Battle of Malta heads online to GGPoker

Stevens Finds Kings For Fun

Winter busted in fourth-place for $174,653 after a clash with Stevens didn’t go to plan. The hand started with a raise to 189,000 from Winter on the button during the 45,000/90,000/11,000a level. Stevens three-bet to 558,000 from the big blind, Winter shoved for 2,382,212 in total and Steven snap-called, as would you with a pair of kings in the hole.

Those kings were up against ace-queen. Stevens flopped a set but an ace on the turn gave Winter a gutshot straight draw. The river bricked and Winter busted.

Three-handed play lasted less than 10 minutes; it ended with Nator busting in third. Stevens found kings again, this time on the button, and he raised slightly more than twice the big blind to 210,000. Nator was in the small blind and he put in a raise of his own to 1,250,000 with pocket nines. Stevens pushed all-in and Nator called off his remaining 4,593,118 chips. The flop came down all hearts, leaving Nator drawing to a single out. It didn’t appear and heads-up was set.

Stevens started the heads-up battle against “Beanboozled” holding a substantial 15,832,500 to 3,767,500 chips advantage and he made it count.

The final hand took place during the 50,000/100,000/12,500a level and saw “Beanboozled” three-bet shove for 4,337,276 with king-jack and Stevens make the call with ace-jack of spades. The board ran out ten-high, “Beanboozled” busted in second-place for $300,040 and Stevens got his hands on the $393,262 top prize.

Super MILLION$ Staking

Even in a $10,000 tournament, several players have been using the innovative GGPoker Staking functionality that allows players to sell action in their online tournaments. Using Staking you are able to buy as little as 0.1% of a player direct from the GGPoker client.

The biggest winner of those who sold action was “matrixjj” from China, who finished 13th for $35,954, giving a return to the 16 individuals who bought their action.

Player Country Rank Payout (USD)
matrixjj China 13th $35,954
Chris Oliver Costa Rica 21st $22,798
THE Sheriff United Kingdom 22nd $22,798

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source https://cryptonews.wealthsharingsystems.com/2020/10/bert-stevens-triumphs-in-the-latest-ggpoker-super-million/

Bitcoin Lacking Bullish Momentum, But 100 SMA Could Trigger Upside Break

Bitcoin price is showing early signs of a bullish break above $10,800 against the US Dollar. BTC could continue higher as long as it is above the 100 hourly SMA.

  • Bitcoin is struggling to gain bullish momentum, but it slowly moved above the $10,800 resistance.
  • The price is now above the 100 hourly simple moving average, with a major hurdle at $10,920.
  • There was a break above a crucial contracting triangle with resistance near $10,815 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to rise towards $11,000 as long as it is above the 100 hourly SMA.

Bitcoin Price is Showing Positive Signs

After multiple tests of the $10,650 support, bitcoin price started an upward move against the US Dollar. BTC was able to climb above the $10,750 and $10,800 resistance levels.

The upward move was such that there was a close above the $10,800 level and the 100 hourly simple moving average. More importantly, there was a break above a crucial contracting triangle with resistance near $10,815 on the hourly chart of the BTC/USD pair.

Bitcoin price is currently struggling to gain bullish momentum above $10,850 despite the recent upside break. A high is formed near $10,855 and the price is currently correcting lower. It is testing the 23.6% Fib retracement level of the recent wave from the $10,687 low to $10,855 high.

Bitcoin Price

Bitcoin price trades above $10,800. Source: TradingView.com

The first key support is near the broken trend line at $10,800. The main support is near the $10,775 level or the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the recent wave from the $10,687 low to $10,855 high.

As long as the price is above the 100 hourly SMA, it could resume its upward move. An initial resistance is near the $10,855 high. The first key resistance is near the $10,920 and $10,950 levels. The main resistance is still near the $11,000 resistance, above which the bulls are likely to take control.

False Break in BTC?

If bitcoin fails to continue higher above $10,855 or $10,950, the recent break could turn out to be a false move. A downside break below the 100 hourly SMA could lead the price below $10,750.

The main support is likely forming near the triangle lower trend line at $10,680. A successful break below the trend line support and $10,650 may perhaps increase the chances of a bearish break below $10,550.

Technical indicators:

Hourly MACD – The MACD is showing a few positive signs in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 50 level.

Major Support Levels – $10,770, followed by $10,680.

Major Resistance Levels – $10,850, $10,950 and $11,000.

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source https://cryptonews.wealthsharingsystems.com/2020/10/bitcoin-lacking-bullish-momentum-but-100-sma-could-trigger-upside-break/

PokerNews Podcast: The “Women in Poker” Episode

Guests:
Melika Razavi Katie Stone Melanie Weisner Amanda Botfeld

In the latest edition of the PokerNews Podcast, Chad Holloway and Sarah Herring offer a special episode devoted to the ladies. The “Women in Poker” episode highlights recent accomplishments by females in the game, from players, ambassadors, and even a new author.

Guests include recent WSOP bracelet winner Melika Razavi, BorgataPoker.com Ambassador Katie Stone, Poker PowHer’s Melanie Weisner, and Amanda Botfeld, the author of the new poker book A Girl’s Guide to Poker by D&B Publishing. Listen carefully for a special giveaway as you have a chance to win a free copy of the book!

Finally, Sarah and Chad also offer quick updates on the latest Galfond Challenge as well as fill you in on how Charlie Godwin did with her $109 satellite seat in the WOC $100,000 Super High Roller (Hint: she turned it into a big payday).

This week’s sponsors: Oddschecker US, GG Poker, and Run It Once (Click link for special PN Pod rakeback deal).

Time Stamps

Time Topic
05:00 Sponsor: GG Poker
06:30 GGPoker Super Millions
08:20 Melika Razavi joins the show
10:30 Coming from Iran as a woman
15:30 Razavi’s Poker Knowledge
18:00 EPT Monte Carlo Deep Run
20:00 Winning WSOP Bracelet
22:30 Need for WSOP Online
26:00 Is Poker Her Main Hustle?
30:00 Katie Stone Joins the Show
31:15 Why Online Poker is so Essential
39:30 You don’t have to wear a bikini
40:45 Borgata Poker
47:00 Future of online poker in USA
53:20 Postle Update Coming
53:45 Galfond Challenge: Galfond v Kornuth
55:00 Sponsor: Run It Once
58:00 What is Poker PowHer w/ guest Melanie Weisner
01:03:00 Wait, but why?
01:04:30 How PowHer works in a COVID world
01:07:00 Why online poker is key
01:11:00 Is this how we get more women in poker?
01:14:30 Melanie Rides a Unicycle?
01:19:00 New Poker Book: A Girls Guide to Poker
01:20:00 Amanda Botfeld joins the show
01:25:00 How the book is structured and what makes it unique
01:29:50 Poker in the Pandemic
01:32:40 How to Win a copy of A Girls Guide to Poker
01:36:00 Charlie Godwin Wins More than $600K from $109 Satellite
1:41:28 Oddschecker Ad

Tell us who you want to hear from. Let us know what you think of the show — tweet about the podcast using #PNPod, and be sure to follow Sarah Herring, Jeff Platt and Chad Holloway on Twitter.

Subscribe to the PokerNews Podcast on Apple Podcasts here!

Check Out Past Episodes of the PN Podcast Here!

Recommended for you


PokerNews Podcast: Sarah Suspended, Remembering Darvin Moon & Guest Tony Sinishtaj


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source https://cryptonews.wealthsharingsystems.com/2020/10/pokernews-podcast-the-women-in-poker-episode/

Bitcoin “Hodlers” Control 63% of the Total BTC Supply, New Data Shows

Bitcoin’s price action has done little to reassure investors of its near-term outlook, as the cryptocurrency has largely been caught within the throes of an intense bout of sideways trading over the past couple of weeks.

This has led to the formation of a trading range between $10,200 and $11,200, with buyers and sellers largely reaching an impasse as it trades between these two range boundaries.

The cryptocurrency’s trading volume has been diving lower throughout the course of this consolidation phase, which indicates that traders are moving to the sidelines and awaiting directional clarity before diving into positions.

One bullish fundamental trend that bodes incredibly well for BTC’s macro outlook is the massive percentage of the crypto’s total supply that is controlled by long-term investors.

This trend indicates that a small group of active investors and traders are driving the recent volatility, while the cryptocurrency’s base supply remains dormant.

Bitcoin’s Price Stagnates as Buyers and Sellers Remain Deadlocked

At the time of writing, Bitcoin’s price is trading down just under 1% at its current price of $10,750. This is around where it has been trading throughout the past day, as buyers and sellers have both been unable to catalyze any momentum.

This sideways trading has come about due to the formation of a trading range between $10,600 and $10,800.

While zooming out, the macro range that the benchmark digital asset has been caught within has a lower boundary at $10,200 and an upper boundary at $11,200.

Until either of these levels are surmounted, the cryptocurrency’s outlook remains somewhat unclear, although its ongoing consolidation bout beneath its resistance can be interpreted as slightly bullish.

Vast Majority of BTC’s Supply is Controlled by Long-Term Investors 

Analytics platform Glassnode explained in a recent tweet that 63.3% of the total BTC supply has not been moved in over one year. They also note that a shocking 31.4% of the total supply hasn’t been moved in 3+ years.

“Percent of Bitcoin supply that hasn’t moved in… 1+ years: 63.3%  (11.7 million BTC) 2+ years: 44.5% (8.2 million BTC) 3+ years: 31.4% (5.8 million BTC).”

Bitcoin

Image Courtesy of Glassnode.

This trend is bullish for Bitcoin because it shows that most of its investor base are taking a long-term approach to their holdings and are unlikely to sell into any upwards movements it sees in the near-term.

Featured image from Unsplash.
Pricing data from TradingView.


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source https://cryptonews.wealthsharingsystems.com/2020/10/bitcoin-hodlers-control-63-of-the-total-btc-supply-new-data-shows/

PokerNews Week in Review: Woman Crushing Poker in 2020 | Videos

Sarah Herring and Chad Holloway bring together a fantastic crew of poker women to discuss why 2020 has been so great for the ladies of poker. WSOP bracelet winner Melika Razavi kicks off the guest segments by discussing her unique perspective coming from Iran and accomplishing what many thought impossible. She is followed by Katie Stone, a dominant voice for woman in strategy games and huge proponent of online poker. Melanie Weisner joins the show to talk about a new movement she is involved in called Poker PowHer! And Finally, another member of Poker PowHer, and Author of ‘A Girl’s Guide to Poker,’ Amanda Botfeld jumps in to discuss her recent book.

The show is jam packed and full of gems, but if you want to skip ahead check out the detailed timestamps.

[TimeStamps]
05:00 | Thanks to GGPoker
06:30 | GGPoker Super Millions
08:20 | Melika Razavi Joins Show
10:30 I Coming from Iran as a woman
15:30 | Razavi’s Poker Knowledge
18:00 I EPT Monte Carlo Deep Run
20:00 | Winning WSOP Bracelet
22:30 | Need for WSOP Online
26:00 | Is Poker Her Main Hustle?
30:00 | Katie Stone Joins the Show
31:15 | Why Online Poker is so Essential
39:30 | You don’t have to wear a Bikini
40:45 | Borgata
47:00 | Future of online poker in USA
53:20 | Postle Update Coming
53:45 I Galfond v Kornuth
55:00 | Run it Once
58:00 I Poker PowHer
01:03:00 | Wait but Why
01:04:30 | How PowHer works in a COVID world
01:07:00 | Why Online Poker is Key
01:11:00 | Is this how we get more woman in poker?
01:14:30 | Melanie Rides a Unicycle?
01:19:00 | A Girls Guide to Poker
01:20:00 | Amanda Botfeld Joins the Show
01:25:00 | How the Book is Structured and What Makes it Unique
01:29:50 | Poker in the Pandemic
01:32:40 | How to Win a Copy of A Girls Guide to Poker
01:36:00 | Charlie Godwin Wins More than $600K from $109 Satellite
1:41:28 | Oddschecker

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source https://cryptonews.wealthsharingsystems.com/2020/10/pokernews-week-in-review-woman-crushing-poker-in-2020-videos/

GGPoker Responds to Cheating Scandal With Bans and Warnings

Real-time assistance (RTA) has been one of the hottest topics in online poker after a recent scandal that saw popular streamer Fedor Kruse outed by his roommates for cheating.

On Wednesday, GGNetwork, which hosted many of the games in which Kruse used his “dream machine” to win $90,000, released a response.

“We have re-dedicated our efforts to combatting RTA and have swiftly adopted enhanced RTA detection methods and improved our internal processes for handling these cheaters,” the report says. “Through our upgraded detection methods, we have discovered a small group of RTA users on GGPN. We have taken immediate action on those accounts as we continue to develop our processes.”

The site claims to have recently banned 40 accounts for RTA usage, with $1,175,305 confiscated from said 13 of those accounts. Another 40 accounts were reportedly “issued warnings,” which could mean they haven’t been confirmed to be cheating but are under watch by the site.

They also warn against future usage by saying anyone found to be using RTA will be hit with a permanent ban and confiscation of funds, GGPoker’s most severe punishment.

Give your bankroll a massive boost by competing in the GGPoker MILLION$

The Kruse Case

Kruse’s name isn’t mentioned and the site only refers to a “high-profile RTA case,” but there’s little doubt the recent controversy has helped spur the site into action.

The German player, once known for his Call of Duty prowess on stream, reportedly made a monumental jump up the stakes from $0.50/$1 games to high stakes in less than a year. Among the games listed in a sheet provided by his stakers — who also reported him eventually — he even played $200/$400 no-limit for a session.

Eventually, his roommates said, they confronted him about his usage of solvers during play, and he copped to it while promising he would stop. Instead, he continued playing high stakes, and the roommates released their report, which included screenshots of conversations where Kruse promised to play sessions without using the solver.

Fedor Kruse
Kruse was once a top COD streamer and made a suspiciously successful switch to poker.

GGNetwork to Rely on Data, Player Reports

The issue of rooting out RTA usage can be a delicate and difficult one. This is partially because the top players in the world have achieved an incredibly high level of play, as Barry Carter of PokerStrategy.com pointed out on Twitter.

“I really hope GG have top minds working on this, because some of the super high roller guys must be playing so close to [game theory optimal] that it would flag a less sophisticated security system,” he wrote.

As for their approach, GGPoker outlined some of it in their post. While they understandably won’t reveal too much of their process for fear of helping cheats stay a step ahead, they did outline two facets of their strategy: data collection and analysis, and player reporting.

“Massive increases in data analysis are a big part of our new process,” the site said. “We also want to emphasize another critical factor. Our team deeply analyzes poker hands based on our proprietary algorithms with the assistance of some of the brightest poker minds. Their insights and contributions continually improve our algorithms.

“Through this process, we can quickly establish whether GTO poker play has occurred. Once we have made this determination, we look at a variety of other factors to determine whether said GTO play involved the use of RTA.”

Player reporting will be available henceforth on two fronts. If players see anything suspicious, they can immediately flag a hand history by clicking the corresponding icon in the hand replayer. Furthermore, they can do the same if they’re looking back through their play via the site’s proprietary Pokercraft tool.

While many have feared that RTA could be the death of online poker, the GGNetwork team attempted to assure anyone holding onto such fears that nothing could be further from the truth.

“Although there are public concerns that RTA is an imminent threat to the status quo in that it is undetectable, that is patently false,” they said. “Our Security Team is fully aware of the different ways that RTA is being used, and we want to emphasize that RTA is detectable.”

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source https://cryptonews.wealthsharingsystems.com/2020/09/ggpoker-responds-to-cheating-scandal-with-bans-and-warnings/

PokerStars Tweaks Cash Game Seating With ‘Active Waiting Lists’

PokerStars is taking aim once again at the cash game ecology, this time with “active waiting lists” that will award seats to games in a new, semi-random fashion.

Active Waiting List will get rid of “first come, first served” seating and instead throw all players on a waiting into a pool and draw one when a seat becomes available. The draw will be weighted to those who have been seated at the same stakes the longest.

In a post published Monday on PokerStars Blog, Luke Staudenmaier explained the company’s rationale.

“Our latest feature, Active Waiting List, is all about making the game fairer and the experience better for most players,” he wrote. “We created this new system for those who like to play cash games with us and it is primarily designed to combat predatory behavior and level the playing field. It achieves this goal by making it more difficult for some players to seek out our less experienced or more recreational players.”

How It Works

Previously on PokerStars, anyone who wished to join a waiting list could click the corresponding button and be in line for a game.

That’s changed as of Monday.

Now, a player who wishes to join a waiting list must already be seated a table of the same stakes and style. And, in an effort to make things fair, all of the players who join the list will have a chance at an open seat.

However, the draw won’t be completely random. Instead, it will prioritize those who have been seated and playing — not sitting out — the longest at those stakes.

“This system has been designed to encourage engagement and action, while deterring players whose only objective is to join games with weaker opponents,” the blog post says. “Now, instead of passively sitting on a waiting list until the right seat becomes available, that player will need to play in order to remain on the waiting list.”

The general idea is meant to mimic live “must-move” tables with the added twist of the random element to make it so players can’t simply take the most profitable seat by being first to click on it.

Ongoing Efforts to Address Ecology

The implementation of Active Waiting Lists is the latest step to target poker players who only wish to play when a recreational player is seated and refuse to battle other regulars, popularly termed “bum-hunting.”

Last year, PokerStars took the long-awaited step of banning the use of seating scripts, which enable players to instantly sit at a desirable table when a targeted opponent takes a seat. Scripts have been a problem for years, with PokerNews covering the issue as far back as 2014.

Rival site GGPoker has been making headlines recently with theirultra-aggressive approach to the issue.

PokerStars looks to be taking a more measured approach, with Active Waiting Lists the latest attempt to curb targeting of specific subsets of players.

The Stars Group is a majority shareholder in Oddschecker Global Media, the parent company of PokerNews

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source https://cryptonews.wealthsharingsystems.com/2020/09/pokerstars-tweaks-cash-game-seating-with-active-waiting-lists/

Caesars Buys William Hill • This Week in Gambling



In a move that is sure to shake up the gambling industry, Caesars buys William Hill for close to $4 billion. The deal was announced today, as shareholders of the British bookmaker will receive a 25% premium with a closing share price of 217.60 pence.

The two companies said on Monday that they were in advanced talks over a possible offer at 272 pence for each William Hill share, which the U.K. company said was “minded” to recommend to its shareholders.

“William Hill’s sports betting expertise will complement Caesars’ current offering, enabling the combined group to better serve our customers in the fast growing US sports betting and online market,” Caesars Chief Executive Tom Reeg said.

You can read more about how Caesars buys William Hill at Market Watch.


Tagged caesars, Caesars buys William Hill, caesars entertainment, william hill

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source https://cryptonews.wealthsharingsystems.com/2020/09/caesars-buys-william-hill-%e2%80%a2-this-week-in-gambling/

Jam Donuts and Twitch Chat; Spraggy on “Putting on a Show” During Recent WCOOP

With almost $100 million in prize money distributed, the PokerStars World Championship of Online Poker was a huge festival that saw the great and the good add their names to the list of WCOOP champions.

One of them was PokerStars Ambassador Ben “Spraggy” Spragg who bagged himself a WCOOP title on the very first day of the festival, winning the WCOOP-05-L: $5.50 NLHE [Mini Sunday Cooldown SE] for $4,349.

PokerNews caught up with Spragg as he reflected on the festival as a whole and what it meant to grab such a prestigious online poker title.

Relive the WCOOP Action on PokerNews

For all the daily recaps, interviews, and more head to the PokerNews WCOOP Live Reporting Hub

Aims and Goals for 2020 WCOOP

Heading into the 2020 WCOOP, Spragg said that his main aim wasn’t solely poker success, but to produce the best content he possibly could on his Twitch channel.

“As a streamer, poker events like the WCOOP are to be enjoyed, so my aim is always to put on the best show. Of course, that means deep runs and winning as much money as possible because, ultimately, that’s what people want to see!”

Lex Veldhuis and Ben Spragg

Recognizing the “Prestige” of WCOOP

Spragg said that WCOOP success had previously eluded him, whilst making deep runs in both the $10,000 SCOOP Main Event and a $5,000 Stadium Series event which netted him $70,000.

“I think I may have bubbled a $1,000 final table last year but pretty sure I didn’t hit a five-figure score. I’ve had such poor WCOOP results that I honestly couldn’t tell you.

“But the WCOOP is as big as it gets. It’s been running since 2002, so it has longevity as an online series, it has prestige, and of course, it has big dollar payouts. A big WCOOP final table is always going to be a huge ratings hit with the viewers, as well as being an achievement that all online poker players strive for.”

Twitch Chat Witnesses WCOOP Glory

And that big WCOOP final table came sooner than expected, as on the very first night of action he found himself getting deeper and deeper in the WCOOP-05-L: $5.50 NLHE [Mini Sunday Cooldown SE] before closing it out for $4,349 with Twitch chat in raptures.



Spragg says that everyone, including himself, was in a state of shock as the action unfolded.

“A field of 12,192 had shrunk fairly quickly to 100, then 50, then 18, then a final table. Before I knew it, I was crowned champion. I didn’t really have time to take it all in. I’m sure all five-minute delayed advice about how to play hands was spot on, of course, as it always is.”

Spraggy Meets Mixed Games

With this early win, Spragg even had a chance at the Low leaderboard, and as a result, started jumping into various mixed game tournaments in pursuit of more glory.

“I felt like I had this huge foot through the door and didn’t really have anything to lose by giving it a go. I have always shied away from most mixed games and not really given them the time of day. However, I must admit, I have had a super fun time playing all the different game types.

“It’s really fun to mix it up in the low buy-in mixed formats and actually I think poker knowledge in general goes a long way. I’ve found a lot of success in just applying poker concepts and understanding ranges and equities. A strong poker fundamental base is always going to serve you well in those games. I was wrong to write so many of those variants off. I’ve had a lot of fun.”

Preparation is Key

With such a grueling schedule over the course of the Championship, Spragg knows that it is important to prepare before a grind, but admits that he is the “absolute nut low” in terms of preparation.

“There are elements of the poker community who are doing whatever works for them in terms of pre-session routines. I’m talking meditation, diet, exercise, off table study work, psychological prep, talking with mindset coaches. All that doesn’t work for me. If WCOOP kicks off at 6 p.m., I’m waking up mid-afternoon, rolling into the shower, and getting online before I’ve even eaten breakfast. Start the day with a couple of jam donuts and a coffee and see where it takes me.”

However, the jam donuts seemingly did the trick and Spraggy can walk away from this year’s WCOOP with his head held high as a new WCOOP champion.

Spin & Go your way to a Sunday Million seat

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The Stars Group is a majority shareholder in Oddschecker Global Media, the parent company of PokerNews


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Bitcoin’s September To Remember Comes To A Close: Here’s What Is At Stake

Today is September 30, and while for most all it does is mark the last day of the month, for Bitcoin, it marks an incredibly critical monthly candle close.

The first-ever cryptocurrency is retesting an important resistance level turned support on monthly timeframes, and holding strong could be a confirmation of a breakout from the bear market. Here’s the exact price Bitcoin needs to close at tonight to make September a month to remember for a long time to come.


Bitcoin Monthly Close Is Coincidentally Critical Resistance Flipped Support Retest

In technical analysis, support and resistance are among the most important factors to pay attention to for volatile price action to occur. This is where rejections or rebounds take place, or if price gets through, an explosive outcome follows.

For example, when the cryptocurrency finally plowed through $10,000 it very quickly was trading at well over $12,000. There, Bitcoin price was rejected, forced to retest previous resistance as support before removing higher.

Related Reading | Bitcoin Faces Pivotal Quarterly Close, Here’s Why

It is not clear why markets work this way, but retests of resistance turned support are common. Failure for bears to push prices back below the former resistance level gives bulls confidence to send prices soaring higher.

Bitcoin’s monthly close is one of its most important retests of high timeframe resistance turned support in its short history. If the cryptocurrency can close above this key resistance level, there’s only one left before another crack at breaking $20,000 is next.

The price for Bitcoin bulls to beat tonight is clearly drawn at $10,750.

bitcoin btcusd monthly september

BTCUSD Monthly Resistance / Support Flip Retest | Source: TradingView

Why This September Monthly Close Is So Crucial For Crypto Uptrend Continuation

If for some reason Bitcoin loses $10,750 tonight, it isn’t all said and done for bulls. The cryptocurrency could very well continue to hold strong above another support level – “meme” downtrend resistance from all-time high.

Resistance and support can run diagonally, just as it does horizontally. It also exists at rounded numbers, like $10,000 and $20,000, or at in number strings such as $6,666.

bitcoin btcusd monthly september triangle

BTCUSD Monthly Downtrend Meme Trend Line Retest | Source: TradingView

This diagonal resistance level also coincides with another important monthly resistance level, from the first phase of the bear market. This bearish block is at the top of a long-legged doji where the February 2018 V-shaped low took place.

Related Reading | Bitcoin Descending Triangle Hints At Third Downtrend Before Bear Market Finish

Bitcoin closed higher that month, but not again until 2019. Now, it’s back above it. The cryptocurrency is currently trading at roughly $10,750 as of right now, but if somehow the rug is pulled and the cryptocurrency drops to below $10,100, an evening star pattern will confirm.

bitcoin btcusd monthly september doji

BTCUSD Monthly Possible Evening Star If Close Below $10,100 | Source: TradingView

An evening star pattern is a bearish Japanese candlestick reversal pattern. A close like this tonight would indicate another fall into a downtrend, while a strong close above it could be confirmation of an uptrend.

However tonight’s close ends, it should be a September to remember.

Featured image from Deposit Photos, Charts from TradingView

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Jonathan Little on Blind-Versus-Blind Play Deep in a Big Tournament

In the August 2019 Seminole Hard Rock Poker Open Event #15: $2,200 NLH 8-Handed, I topped a 211-entry field to win the tournament for $97,160. For the past several weeks, I’ve been highlighting hands from the event including a big hand on how to best play ace-king against a tight-aggressive (TAG) opponent as well as how playing a draw in a multiway pot can lead to really tough spots.

In my latest hand from that tournament, there were just 21 players remaining when I raised from the big blind after facing a limp from the player in the small blind. I make top pair, and after value betting both the flop and turn, I face a turn check-raise from my opponent. Should I make a big fold here with top pair? Here’s how the hand played out.

With the blinds at 3,000/6,000/6,000, we have 250,000 (41 BBs) with the {a-Diamonds}{q-Spades} in the big blind. Action folded around to the player in the small blind (33 BBs) and they just limp. In this situation, I am raising my best hands, but I’ll also raise my absolute trash. When they limp, they’re usually limping with a weak range, which means you can raise quite wide.

“If you have a hand that you’re obviously not folding no matter what happens, you have the effective nuts, and the effective nuts count as the nuts.”

I raise to 23,000 and my opponent calls to see a {q-Diamonds}{8-Diamonds}{5-Spades} flop. We are happy to drill top pair and our opponent checks. I check a lot of middle pair-ish hands here, but with top pair I continue for 25,000 holding the nuts.

I know a set of queens is the technical nuts, but if you have a hand that you’re obviously not folding no matter what happens, you have the effective nuts, and the effective nuts count as the nuts. Play it as such.

My opponent makes the call and the {7-Clubs} appeared on the turn. My opponent checked and I was going to keep betting, this time making it 40,000. Then things get interesting as my opponent check-raises all in for 149,000. You all know me, I don’t fold.

It’s very easy for my opponent to have a middle-card hand like {10-}{9-}, {9-}{8-}, {a-}{8-}, {q-}{j-}, or a flush draw. There’s a lot of stuff my opponent can have, and in situations like this you want to ask, “Would my opponent do this with a draw or a worse made hand?” If the answer to either is yes, you should call. If no, then you should be inclined to fold.

Here, we’re calling every single time, which is what I do. I have a hand that’s too good to fold. What a lot of people do wrong here is fold, that’s a big mistake. Pop in the call, sometimes you win, sometimes you lose.

My opponent shows the {j-Hearts}{9-Hearts} and is drawing thin to the river with a double gutshot straight draw. The {2-Spades} was inconsequential and I won a big pot that helped propel me to the victory.

For a more thorough breakdown of this hand, check out the following video:

Jonathan Little is a professional poker player and author with over $7,000,000 in live tournament earnings. He writes a weekly educational blog and hosts a podcast at JonathanLittlePoker.com. Sign up to learn poker from Jonathan for free at PokerCoaching.com. You can follow him on Twitter @JonathanLittle.


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This Pattern Suggests Bitcoin’s Price is About to “Blast Off” to New Local Highs

Bitcoin and the entire crypto market have witnessed dwindling volatility throughout the past few days and weeks, with both buyers and sellers being unable to gain control of the crypto’s near-term outlook.

The benchmark cryptocurrency has been caught within a bout of sideways trading throughout the past few weeks, with buyers establishing support at $10,200 while sellers continue guarding the region between $11,000 and $11,200.

The lack of momentum caused by the buying and selling pressure at these levels has led to the formation of an even tighter trading range, which exists between $10,600 and $10,800.

It currently remains unclear as to what could catalyze enough volatility for Bitcoin to smash through any of these levels in the days and weeks ahead.

One analyst is pointing to a historical pattern as one factor that is bullish for BTC.

He notes that the ongoing bout of sideways trading is occurring just below a key resistance level.

Typically, this is a bullish sign that indicates bulls are laying the groundwork for the cryptocurrency to make an explosive move higher.

Bitcoin’s Volatility Dives as Trading Range Persists 

It has been a rough past month for Bitcoin.

After peaking at highs of $12,400 in late-August alongside the rest of the crypto market, its price had been caught within a firm downtrend that ultimately led it to lows of $9,900.

The support here was significant and catalyzed a strong rebound to highs of $11,200. Since being rejected here, the cryptocurrency has been seeing range-bound trading ever since.

At the time of writing, Bitcoin is trading down just under 1% at its current price of $10,730. This is around where it has been consolidating throughout the past few days.

Analyst: This Historical Trend is Boding Well for BTC

While speaking about the cryptocurrency’s near-term outlook, one analyst explained that consolidation beneath resistance is typically bullish.

He notes that unlike Bitcoin’s past bout of consolidation – which took place just above its $11,000 support level – this ongoing consolidation is occurring below this level, which has since flipped into resistance.

As such, he believes that this could mean that the crypto is about to “blast away.”

“Quick tip. When BTC consolidates just above support and keeps hugging it, it’s almost always a bull trap. Especially when the consolidation slopes downward. When bitcoin breaks out, it usually blasts away and doesn’t give anyone a chance to get in.”

Bitcoin

Image Courtesy of Byzantine General. Chart via TradingView.

How the entire market trends in the days should depend solely on Bitcoin.

Featured image from Unplash.
Charts from TradingView.


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source https://cryptonews.wealthsharingsystems.com/2020/09/this-pattern-suggests-bitcoins-price-is-about-to-blast-off-to-new-local-highs/

Virgin Hotels & Mohegan Sun Hit Strip in January • This Week in Gambling



Virgin Hotels has announced that their property’s grand opening in Las Vegas has been set for January 15, 2021. Located in the space of the former Hard Rock Hotel & Casino, it will include a 60,000 square foot casino operated by Mohegan Sun.

At a press event featuring property partners and investors the company said the revitalized property, part of Curio Collection by Hilton, will open as Virgin Hotels Las Vegas on that date, being revealed on a digital mobile billboard.

The highly-anticipated arrival of Virgin comes as several new resorts are expected to be opening in the coming months including Circa and Resorts World.

You can read more about the opening and amenities at Yogo Net.


Tagged las vegas, Mohegan Sun, Virgin Hotels

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TONIGHT: Patrick Leonard Donates WPT Rising Star Winnings in $6,000 Freeroll

Looking for a quick boost to your partypoker bankroll? Well how about a $6,000 guaranteed freeroll to get you ready for the next big festival on one of the world’s most popular poker sites?

Whether you’re looking for more buy-ins to your Private Poker Games or to enter one of the many Boosted Daily Legends then read on!

Leonard Gives Back to the Poker Community

Patrick Leonard

Patrick Leonard is no stranger to online poker success, and the former PocketFives #1 online player enjoyed success during the recent World Poker Tour World Online Championships.

He final tabled the Micro Main Event for $10,450, a result that helped him to a second-place finish in the WPT Rising Star Leaderboard. This Leaderboard guaranteed $25,000 across ten places, with winner Luiz Constantino walking away with $10,000.

Players’ results in events under $300 would earn them points, and only the player’s 10 best results would count towards the Leaderboard.

Freeroll Details

Posting on his Instagram story, Leonard said that he was giving back the $6,000 in prize money in a special freeroll, with a bounty on the partypoker Ambassador’s head if you knocked him out!

“I came second in the partypoker World Poker Tour Rising Star Leaderboard for $6,000. We decided to give it all back to the players, there is a $6k freeroll tonight at 8pm UK time, capped at 10k runners. I’ll flick it in too and if you knock me out there will be a bounty on my head”

Just head to the partypoker client, turn off all filters and surch for Patrick.

Date Time (BST) Event Buy-in Guarantee
Sept 30. 20:00 Patrick’s $6k Gtd WPT WOC After Party Freeroll $0.00 $6,000
Patrick Leonard Freeroll

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source https://cryptonews.wealthsharingsystems.com/2020/09/tonight-patrick-leonard-donates-wpt-rising-star-winnings-in-6000-freeroll/

why only a weaker dollar will push BTC above $20,000

A widespread debate among investors is the correlation of Bitcoin (BTC) with other markets. A high degree of correlation between the equity markets and Bitcoin has existed, particularly in the last few months. In other periods, gold and Bitcoin appear to move in tandem.

However, the correlation that should be watched the most is the dollar since the global economy is based on the strength or weakness of our world reserve currency, the United States dollar.

Weaker USD drove up Bitcoin prices in Q2, Q3 2020

BTC/USD vs. Gold vs. DXY 1-day chart. Source: TradingView

BTC/USD vs. Gold vs. DXY 1-day chart. Source: TradingView

The chart above shows gold, Bitcoin, and dollar values since the crash in March. The orange line is gold, the blue line the U.S. Dollar Currency Index (DXY), and the regular price of Bitcoin is shown by the black line.

The sudden impact of the global pandemic increased the demand for U.S. Dollars, surging heavily in March as seen by the large blue spike. This spike caused the other markets to tumble as the price of Bitcoin dropped by 50% to as low as $3,700.

However, since this massive crash, the DXY has been weakening day-by-day. This sudden weakness of the dollar caused other “safe haven” assets to rise significantly over the past six months. Bitcoin has increased 185% since the crash of March while Gold rallied 31%.

But despite the general downtrend still intact, the U.S. dollar has seen a relief bounce in early September as a bottom construction was made. A bullish divergence was created to mark the start of the temporary bottom pattern, after which the 92.75 level was reclaimed as support for further continuation upward.

U.S. Dollar Currency Index 1-day chart. Source: TradingView

U.S. Dollar Currency Index 1-day chart. Source: TradingView

This relief rally reached 94.60 points and caused other assets to drop substantially. Hence, more weakness in the commodity and crypto markets should be expected if the DXY continues toward 96 points.

USD in 2016 and 2017 fueled the Bitcoin cycle

BTC/USD vs DXY 1-week chart. Source: TradingView

BTC/USD vs DXY 1-week chart. Source: TradingView

The previous cycle highs were hit in 2014 and 2017 for Bitcoin, through which credible data can be derived from the correlation between the U.S. Dollar and Bitcoin.

Throughout 2017, the U.S. Dollar showed significant weakness across the boards, as the EUR/USD pair rallied from 1.03 to 1.25 too. During this uncertainty and instability of the U.S. Dollar, Bitcoin had its peak rally from $1,000 to $20,000.

More interestingly is the fact that Bitcoin’s peak high is surrounded by the cycle low of the DXY index.

Since then, the DXY index has been showing some strength. Through this strength, the Bitcoin bear market was fueled until the previous months.

A substantial weakness of the DXY index is causing the price of Bitcoin and Gold to continue rallying. Is history going to repeat itself?

Dollar weakness after the Dot.com bubble lead to a 600% surge in Gold

DXY Index vs. Gold 1-week chart. Source: TradingView

DXY Index vs. Gold 1-week chart. Source: TradingView

What can be derived from the chart above is the strength of gold since the dot com bubble popped in 2000. During the first stages of a potential crash is the liquidation phase when all markets drop as gold also corrected 30% in 2000. This is the hunt for liquidity to cover losses on the equity markets similar to what has been witnessed in March 2020.

However, since the USD showed weakness in 2000, gold has been showing tremendous strength as a safe haven, which would have increased your portfolio by 600%.

In the same period, the EUR/USD pair rallied from 0.85 to 1.60 in 2008. The momentum then flipped as investors flew to the USD as a hedge during the credit crisis.

But in the current times of uncertainty with negative interest rates, increased debt levels, and deflation, Bitcoin is also doing relatively well.

Of course, a potential drop by 25-35% could occur in the first stage of the crisis just like in March. But Bitcoin and gold would benefit significantly afterward as safe havens against a weakening dollar, which is precisely what happened in December 2017 as BTC hit its all-time high of nearly $20,000.

The simple reasoning for this is that confidence in governments will also drop during times of economic uncertainty, e.g. the corona pandemic or systematic risk. Given this uncertainty and exponentially growing debt, the U.S. central bank has one option: devalue the currency, which means further weakness for the dollar.

In other words, the prophecy of six-figure prices can become a reality if the dollar’s weakness continues into 20201.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.


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source https://cryptonews.wealthsharingsystems.com/2020/09/why-only-a-weaker-dollar-will-push-btc-above-20000/

Analysts Explain Why UniSwap (UNI) Could Surge Higher Entering Q4

UNI is among those decentralized finance tokens that debuted with a bang but slowly rolled over to the bearish side on higher profit-taking sentiment.

The UniSwap exchange’s governance cryptocurrency plunged by another 5 percent on Wednesday, hitting an intraday low of $4 as of 0900 UTC. The latest sell-off came as a part of a broader correction trend that followed UNI’s 5,524 percent price rally to an all-time high at $8.59.

UNI, UniSwap, DeFi, UNIUST, UNIUSD, UNIBTC
UNI/USD is consolidating sideways following its 50% correction. Source: TradingView.com
UNI/USD is consolidating sideways following its 50% correction. Source: TradingView.com

TVL

Simultaneously, the total value locked inside the UniSwap pool kept on increasing to new highs. According to data fetched by DeFi Pulse, the TVL surged to $2.12 billion on Wednesday, its highest to date, showing that more people are locking funds in the UniSwap pool.

The decentralized exchange has committed to rewarding its liquidity providers and users with UNI tokens until its supply exhausts at 600,000,000 units.

That serves as one of the main reasons UNI is still trading 2,500 percent above its debut rate. Traders prefer to speculate on the token for what it represents: the world’s leading decentralized exchange with volumes better than Coinbase and Binance.

And some of those speculators are already anticipating a rebound in the UNI market.

UNI Pullback Calls

A pseudonymous analyst, known by his first name Mac, said that he expects UNI/USD to fall further towards $3.5. But entering the first week of the final quarter, the pair would most likely rebound to the upside.

“UNI shorts are looking good,” he said. “The market is not bueno for bulls atm. Waiting for the first week of Oct to enter longs.”

UNI, UniSwap, DeFi, UNIUST, UNIUSD, UNIBTC
UNI trade setup, as presented by MacnBTC. Source: TradingView.com
UNI trade setup, as presented by MacnBTC. Source: TradingView.com

Another pseudonymous analyst with a history of posting accurate crypto market outlook also presented a pullback scenario for the UniSwap token. Nevertheless, he mentioned specific criteria before he enters any long position.

UNI, UniSwap, DeFi, UNIUST, UNIUSD, UNIBTC
UNI trade setup, as presented by John Wick. Source: TradingView.com
UNI trade setup, as presented by John Wick. Source: TradingView.com

“UNI is looking to retest the breakout,” the analyst noted. “These are usually even better R/R entries at the retest. If it reacts with a sign of strength its a buy with a stop at support.”

On a broader scale, the UniSwap token expects to stay inside the bias dictated by the overall cryptocurrency market trend. With uncertainty over the US election looming, and the second stimulus bill in pending state, almost all the bullish assets are anticipating sell-offs.

That may include UNI as well.

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source https://cryptonews.wealthsharingsystems.com/2020/09/analysts-explain-why-uniswap-uni-could-surge-higher-entering-q4/

Three Promos To Watch: Spin to a Sunday Million Ticket and More!

Online poker promotions are a great way to give your bankroll a boost and keep your sessions fresh and exciting. The three promotions we’re about to describe tick all the boxes on that front.

There’s something from PokerStars, bet365, and partypoker. Let’s not waste any further time and get the latest Three Promos To Watch on the road.

Spin & Go Your Way to a Sunday Million Seat

Have you ever dreamed of playing in the PokerStars Sunday Million but find the $109 buy-in a little restrictive? The Sunday Million edition of Spin & Go tournaments could be right up your street.

Sunday Million Spin & Go tournaments only cost $2.75 to enter but do award prizes including a $109 ticket to the Sunday Million thanks to the jackpot nature of them.

$5.50 cash is the least you’re going to win from these special Spin & Go games, but you can also bank an $11 Sunday Million satellite ticket that gives you a second shot of winning a Sunday Million seat. Some lucky players, however, will and do turn their $2.75 investment into a $109 ticket and a shot at a $1 million guaranteed prize pool.

First Place Prize Frequency
$109 Sunday Million entry 4,997 in 1,000,000 games
$11 Sunday Million satellite ticket 280,511 in 1,000,000 games
$5.50 cash 714,492 in 1,000,000 games

Spin & Go your way to a $109 Sunday Million seat

How Good Is Your Premier League Knowledge?

The 2020-21 English Premier League season has got off to a flying start and bet365 Poker invites you to put your Premier League knowledge to the ultimate test.

Bet365 Poker has created some special Premier League missions where you get to predict the outcome of upcoming matches. Just making your weekly predictions is enough to award you a free spin on the Premier League Prize Whee where it’s possible to reel in €1,000 cash.

Those of you who manage to correctly predict at least 50% of the outcomes receive another free spin and another shot at €1,000.

Prize Probability
€1,000 cash 0.011%
€100 cash 0.088%
€10 Twister ticket 1.059%
€5 Twister ticket 4.413%
20 Free Spins 4.413%
10 Free Spins 10.59%
5 Free Spins 17.65%
€1 Twister ticket 17.65%
50 bet365 Coins 22.063%
€500 Premium League Freeroll ticket 22.063%

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How Good Is Your Premier League Knowledge?

Win Prizes Just For Playing in partypoker’s Daily Legends MTTs

partypoker had made some sweeping changes to its tournament offering by reducing the late registration period and limiting re-entries, levelling the playing field immensely.

The site’s Daily Legends tournaments look superb. They have buy-ins from $5.50 to $77, placing them at the more affordable end of the buy-in scale. Despite those low buy-ins, the structures are amazing and the guarantees juicy.

For the next month, 13 Daily Legends are becoming Boosted Daily Legends. The boosted in the title means partypoker is boosting the value in them.

Playing in any of these 13 tournaments is enough to give you a chance of winning a share of $400,000 worth of tournament entries over the next month. There are $1,000 and $5,000 freeroll tickets up for grabs, plus a range of other tournament tickets, including one to the $55 Gladiator.

Time (CEST) Name Buy-in Guarantee
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6:05 p.m. The Triple Barrel $33 $20,000-$30,000
6:30 p.m. The Terminator $11 $15,000-$20,000
6:35 p.m. The Five Diamond $5.50 $5,000-$7,500
7:00 p.m. The Gladiator $55 $40,000-$75,000
7:05 p.m. The Classic $22 $10,000-$15,000
7:30 p.m. The Headhunter $5.50 $10,000
8:00 p.m. The Predator $22 $25,000-$40,000
8:05 p.m. The Ocean’s 11 $11 $5,000-$7,500
9:07 p.m. The Magnificent 77 $77 $15,000-$20,000
9:07 p.m. The Magnificent 7 $7.70 $7,000-$10,000
10:00 p.m. The Blade $16.50 $10,000-$15,000
11:05 p.m. The Flash $5.50 $4,000-$5,000

You can only win one prize per day but that’s still 30 prizes over the next month just for dipping your toes into the Boosted Daily Legends waters. Why not try one of them today?

Read more about the Boosted Daily Legends

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US casino operator Caesars agrees £2.9bn William Hill takeover | Business

The US casino operator Caesars Entertainment has agreed a £2.9bn takeover of the British bookmaker William Hill.

The companies announced on Wednesday that Caesars would pay £2.72 per William Hill share in cash, a premium of more than a quarter compared with the price before the US company’s interest was first reported last week.

The deal, which must be agreed by 75% of William Hill shareholders, was unanimously recommended by the UK company’s directors. It came after two rival bids by the US private equity group Apollo were turned down.

The takeover will give Caesars, the operator of the Caesars Palace casino in Las Vegas, access to the burgeoning US sports betting market. Caesars also owns various casinos in the UK.

Sports betting was illegal across the vast majority of US states until a 2018 supreme court decision overturned a federal ban, firing the starting gun on a race between bookmakers to target one of the world’s biggest potential markets.

The size of the online opportunity has given US betting companies a lifeline during the coronavirus pandemic, with the value of shares in Caesars surging from lows of almost $6 in the March panic to $54 on Tuesday evening. Caesars previously said the takeover could allow it to make between $600m and $700m in revenues next year in online and sports betting.

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Roger Devlin, William Hill’s chairman, said the offer was at “an attractive price for shareholders” but added that it reflected the “risk and significant investment required to maximise the US opportunity, given intense competition in the US and the potential for regulatory disruption in the UK and Europe”.

He said it would be “very much business as usual” for William Hill workers for now. Caesars plans to sell William Hill’s UK and European branch networks, which have struggled before and during the pandemic under increased regulatory pressure to tackle problem gambling. William Hill announced the closure of 119 UK branches in August.

Tom Reeg, the chief executive of Caesars, said: “William Hill’s sports betting expertise will complement Caesars’ current offering, enabling the combined group to better serve our customers in the fast-growing US sports betting and online market.”

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source https://cryptonews.wealthsharingsystems.com/2020/09/us-casino-operator-caesars-agrees-2-9bn-william-hill-takeover-business/

Bubble or a drop in the ocean? Putting Bitcoin’s $1 trillion milestone into perspective

On Feb. 19, Bitcoin’s (BTC) market capitalization surpassed $1 trillion for the first time. While this was an exciting moment for investors...