Thursday, 1 October 2020

Seven of the Biggest Hands from Hellmuth vs. Esfandiari High-Stakes Duel Round 2

At the end of September, Phil Hellmuth and Antonio Esfandiari returned to the PokerGO Studio at ARIA for their Round 2 match in High Stakes Duel. In July, Hellmuth defeated Esfandiari in Round 1 to win $100,000, but a rematch was issued, albeit for the increased stakes of $100,000 apiece.

For those who don’t know what the show is all about, here’s the description from PokerGO:

High Stakes Duel is PokerGO’s newest original series that begins with each player posting the $50,000 buy-in. The winner progresses through to Round 2 where the loser has the first option to challenge. If the loser declines, the challenger seat is open for 30 days. The stakes will double each round where a potential $12.8 million prize pool would be reached by Round 8.

In the latest match, which is available to watch for free on PokerGO’s YouTube channel, the two poker icons battled for three and a half hours in a back-and-forth affair. Ultimately, Hellmuth prevailed once again to claim the $200,000 prize. Esfandiari has the option to issue one more challenge if he’s willing to put up $200,000 for Round 3, and if he does Hellmuth is obligated to accept.

Esfandiari has already said he will try again, but when exactly that match will take place remains is to be determined.

While the poker world waits for that match, which will feature a $400,000 prize, PokerNews has put together some of the biggest and more interesting hands from Round 2 of the High-Stakes Duel between Hellmuth and Esfandiari.

Watch Round 2 of High-Stakes Duel Here

Esfandiari Bets After Hellmuth’s Dark River Check

In an early hand, Esfandiari raised to 500 holding the {q-Hearts}{9-Diamonds} and Hellmuth called with the {k-Hearts}{j-Spades} before checking in the dark. Hellmuth then called a bet of 600 on the {k-Diamonds}{10-Hearts}{5-Hearts} flop before checking in the dark again.

The {q-Spades} turn paired Esfandiari and he bet 1,400. Again, Hellmuth called and checked in the dark for the third time. The {a-Diamonds} river improved the “Poker Brat” to the nuts – the Broadway straight – but he gave up his option by checking in the dark. Fortunately for him, Esfandiari went for value with a bet of 3,200.

As expected, Hellmuth came back with a check-raise, making it 9,600 to go, and Esfandiari released. Hellmuth pulled out to an early 111,000-to-88,000 lead.

Action Flop Leads to Big Pot

Not long after, Hellmuth limped with the {q-Diamonds}{j-Spades} and then called when Esfandiari exercised his option with a raise to 1,000 holding the {10-Diamonds}{9-Clubs}. The {8-Hearts}{10-Hearts}{9-Diamonds} flop had action written all over it as Esfandiari flopped top two pair but Hellmuth the nut straight. The former led out for 1,200 and Hellmuth raised to 3,800.

Esfandiari just called and he checked when the {8-Diamonds} paired the board. Hellmuth bet 5,000, Esfandiari called, and the pot grew to 19,600, the largest up to that point. Esfandiari proceeded to check the {7-Spades} river, which put four cards to a straight on the board. Hellmuth thought long and hard before betting 11,000 and Esfandiari burned a time extension before making the call.

With that, Hellmuth pulled in the 41,600 pot and pulled put to a 129K-to-69K lead.

“I wanted to turn my hand into a bluff so bad,” Esfandiari said.

Antonio Esfandiari
Antonio Esfandiari

Esfandiari Claims the Lead

With the blinds at 200/400, Hellmuth just called with the {a-Clubs}{q-Spades} and Esfandiari checked his option with the {9-Hearts}{6-Clubs}. On the {5-Hearts}{k-Clubs}{9-Spades} flop, Esfandiari checked, Hellmuth bet 1,000, and Esfandiari check-raised to 3,100. Not to be outdone, Hellmuth three-bet it to 12,200 and Esfandiari called with middle pair, which improved to two pair when the {6-Hearts} hit the turn.

Esfandiari checked, Hellmuth bet 15,700, and Esfandiari called to see the {4-Clubs} river. Esfandiari checked for the third time and Hellmuth gave up by checking behind. Esfandiari laid claim to the 56,600 pot and took the chip lead with 114K to Hellmuth’s 85K.

Hellmuth the Problem Solver

With the blinds at 250/500, Esfandiari raised to 1,100 holding the {8-Diamonds}{5-Clubs} and Hellmuth called with his {a-Clubs}{3-Clubs}, which brought about a {j-Spades}{j-Diamonds}{4-Hearts} flop. Hellmuth checked and then immediately made it 1,800 to go after Esfandiari bet 800. Esfandiari called and picked up a gutshot with the {7-Clubs} on the turn.

“I’ve been a problem solver my whole life, Antonio. It’s what I do.”

Hellmuth bet 3,200, Esfandiari raised to 11,300, and Hellmuth refused to back down by three-betting to 29,000 after spending some time in the tank. Esfandiari decided to call and then Hellmuth checked in the dark before the dealer put out the {a-Spades} on the river.

Esfandiari wasted little time in moving all in and Hellmuth, who had 32,425 behind, broke down his chips and took his time making a big decision, which would cost him the match if he lost. He eventually made the call and Esfandiari simply said, “You win.”

“We’re dancing Antonio,” Hellmuth chirped. “I told you this could end in 20 minutes.”

Hellmuth reclaimed the lead holding 133K to Esfandiari’s 66K.

“You really are so lucky, man, it’s unbelievable,” Esfandiari added. “In these big spots you just always solve the problem.”

Hellmuth replied: “I’ve been a problem solver my whole life, Antonio. It’s what I do.”

Phil Hellmuth
Phil Hellmuth was all smiles.

Hellmuth Hooks a Double

The pair continued to trade small pots back and forth with Esfandiari reclaiming a three-to-one lead. He chipped away at Hellmuth until a big hand went down with the blinds at 800/1,600. Hellmuth limped with the {j-Spades}{8-Spades} and then called when Esfandiari raised to 6,700 holding the {9-Diamonds}{9-Clubs}.

On the {3-Spades}{5-Clubs}{j-Diamonds} flop, Esfandiari continued for 8,300, and Hellmuth, who had flopped top pair, moved all in for 48,200.

“I knew you hit a jack. You’re so lucky, you really are exceptionally lucky, Phil,” an exasperated Esfandiari exclaimed. Esfandiari talked aloud as he burned through several time banks. Eventually, he called the 39,900 and discovered the bad news.

Neither the {7-Hearts} turn nor {10-Spades} river changed a thing and Hellmuth doubled to 109,800 while Esfandiari dropped to 90,200.

A Two Pair Cooler

At 1,000/2,000, Hellmuth limped with the {8-Hearts}{7-Diamonds} and Esfandiari checked his option holding the {7-Clubs}{2-Hearts}, which brought about a {8-Diamonds}{7-Hearts}{k-Diamonds} flop. Esfandiari check-called a bet of 2,500 and unbeknownst to him, things got ugly when the {2-Spades} turn gave him an inferior two pair.

Esfandiari checked, Hellmuth bet 6,500, and Esfandiari check-raised to 18,500. Hellmuth, who was a 95 percent favorite with eights and sevens, responded by making it 57,000 and called off his remaining 24,000 when Esfandiari moved all in. but not before agonizing and adding, “I guess I’m just not good enough to get away from it.”

“How lucky can you be? It’s just unreal,” Esfandiari lamented. “Gosh, you really are not a human being.”

The {9-Clubs} river was no help to Esfandiari, who was left with just 29,000 while Hellmuth was pushed the 171,000 pot.

Final Hand of the Duel

In what would be the final hand of the match, the blinds were 1,000/2,000 when Esfandiari jammed his last 21,000 holding the {j-Hearts}{10-Diamonds} and Hellmuth called with the dominating {k-Clubs}{10-Spades}. The Magician wasn’t able to pull a rabbit out of his hat as the board ran out {7-Clubs}{2-Hearts}{8-Diamonds}{a-Diamonds}{4-Clubs} to give Hellmuth his second straight victory.

Prior to Round 2 of the match, both Hellmuth and Esfandiari sat down with Nick Schulman for the official “Weigh-in,” which you can watch below in this PokerGO video:

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source https://cryptonews.wealthsharingsystems.com/2020/10/seven-of-the-biggest-hands-from-hellmuth-vs-esfandiari-high-stakes-duel-round-2/

Here’s Why Bitcoin’s Latest Monthly Close Has Struck a Blow to Its Bear Case

Bitcoin had a major macro candle close yesterday, posting both its monthly and quarterly candle.

Although BTC saw little volatility heading into this close, the cryptocurrency was able to hold well-above $10,500 before and after it took place, which provided bulls with a serious boost.

Overnight, the strength resulting from this close allowed Bitcoin to push up towards $11,000, reaching as high as $10,920 before its ascent slowed.

Although BTC has yet to see any strong push higher, its short-term outlook still remains fairly strong. Where it trends next may depend primarily on whether or not bulls are able to break through the resistance between $11,000 and $11,200.

The selling pressure here is rather significant and may hamper its growth in the days and weeks ahead.

That being said, one trader did note that the bull case for the benchmark cryptocurrency was boosted by the recent candle close and may indicate that the chances of it seeing upside are beginning to grow.

Bitcoin Struggles to Rally Despite Bullish Monthly Candle Close

At the time of writing, Bitcoin is trading up just under 1% at its current price of $10,870. This marks a break above the trading range it had formed between $10,600 and $10,800, but buyers have been struggling to break above $10,900.

Because of the lack of strength and conviction seen throughout this latest push higher, bears may be able to regain control over BTC and push it lower in the near-term.

That being said, the crypto’s mid-term outlook was boosted by yesterday’s monthly and quarterly candle close.

Unless bears push BTC below its $10,200 support, its mid-term outlook remains incredibly bright.

Trader: It’s Growing Hard to Be Bearish on BTC Following Recent Candle Closes

While sharing his thoughts on Bitcoin’s mid-term outlook, one trader explained that it is growing increasingly difficult for bears to justify their positioning given the latest monthly candle close.

He notes that a serious block of support stands in the way of it seeing any type of move that invalidates its mid-term strength.

“BTC monthly: If you’re a believing man, this is a bullish retest and any dips towards $10.1k are for buying. If you’re a doubter, it’s really hard to be bearish as long as that block stands in the way so might be time to be patient to see where this month goes.”

Bitcoin

Image Courtesy of DontAlt. Chart via TradingView.

How the entire crypto market trends throughout the fourth quarter will depend on Bitcoin.

Featured image from Unsplash.
Charts from TradingView.


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source https://cryptonews.wealthsharingsystems.com/2020/10/heres-why-bitcoins-latest-monthly-close-has-struck-a-blow-to-its-bear-case/

PokerNews Week in Review: Woman Crushing Poker in 2020 – UPDATED | 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-updated-videos/

Bitcoin Slips $400 as CFTC Charges BitMEX Over Derivatives Violations

Bitcoin is tumbling lower after it was revealed that the U.S. Commodities and Futures Trading Commission (CFTC) is charging BitMEX. BitMEX is a leading crypto derivatives platform based in the Seychelles.

The U.S. regulatory agency, which focuses on derivatives, was rumored to be investigating the company. In 2019, Bloomberg came out with a report suggesting that the CFTC was investigating the company over its potential servicing of U.S. clientele. The exchange does not have the license to operate in the U.S., and the CFTC has taken action against Bitcoin and crypto derivatives platforms in the past.

In the press release announcing this news, the CFTC wrote: 

“The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court for the Southern District of New York charging five entities and three individuals that own and operate the BitMEX trading platform with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement required anti-money laundering procedures.”

The CFTC names BitMEX’s parent company, 100x Holding, along with limited entities and the co-founders of BitMEX.

According to Jake Chervisnky, a lawyer working in the crypto space, the bigger news is that the three co-founders of BitMEX were indicted on criminal charges. The charges carry a maximum penalty of five years in prison.

Bitcoin Slips on News, Resulting in Millions in Liquidations

Bitcoin’s price is slipping on this news.

According to TradingView, the cryptocurrency is down around $250 since the news was revealed some 20 minutes ago. There was a slight delay in the drop and the release of the news, with the market only realizing its significance minutes after the release was published.

Bitcoin is currently trading for $10,550, posting a loss of 2.5% during Thursday’s trading session.

Altcoins have dropped in tandem with BTC, with Ethereum also losing 3-5% from the levels it was trading at before this release.

Chart of BTC's price action over the past few hours from TradingView.com

According to Skew.com, a crypto derivatives tracker, there was around $8 million worth of BTC derivatives on BitMEX liquidated in the past hour. But as BitMEX is but one of many margin exchanges now, there was likely millions more liquidated.

Community Reacts

The community is reacting negatively to this news.

Many think it has the potential to drive Bitcoin much lower, especially as news and analysis spreads around the importance of this charge for the rest of the crypto industry.

Photo by Aditya Joshi on Unsplash
Price tags: xbtusd, btcusd, btcusd 
Charts from TradingView.com
Bitcoin Slips $200 as CFTC Charges BitMEX Over Derivatives Violations


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source https://cryptonews.wealthsharingsystems.com/2020/10/bitcoin-slips-400-as-cftc-charges-bitmex-over-derivatives-violations/

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...