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Baccarat: Best Bet in the House

Discuss strategies for riding trends, which casinos offer the best games, card counting for side bets, and all things baccarat.
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Best online poker casino for a German

Hi,
as the title says, where should I go? I have played some years ago, but only for fun with play money and now after a hiatus want to start with microstakes. Is there something in Germany or the EU, where I could register an account? I want to pay ~20€ and then play until I am good or broke.
submitted by hackerbunny to poker [link] [comments]

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WHAT IS KingCasino? KingCasino is the best for your ICO and IEO KingCasino is the licensed cryptocurrency online casino site in Curacao, that offering an amazing collection of over 1000 high-quality slot games, Sportsbetting, Blackjack, Poker, Slots, Baccarat, and much more!

KCT Security Token:
KCT token, an ERC20-based security token, is a cryptographic token that pays dividends, shares profits, can be used for all transactions in the betting process or to purchase services. By owning the KCT token, the investor will become a stockholder who owns a share of our company and receives a quarterly dividend based on the number of tokens held.
● Total Supply: 130,000,000 KCT tokens ● Available for sale: 100,000,000 KCT tokens ● Price: $1
Quarterly Profits At the end of every business quarter, KingCasino will summarize gross profit and distribute it to token holders in smart contracts. January 5th, April 5th, July 5th, and October 5th are the ex-dividend date when profits are sent to investor accounts.
Token Burn
KingCasino will burn 5% of all KCT tokens the house earns every month to reduce token supply and create a higher demand for the token.
Voting Power on Major Issues To be given special voting or decision-making rights for main business plan, fundamental changes, the shareholder must hold the KCT tokens more than three months in smart contract. Get special rights
Token Holders can buy, sell, deposit and withdraw KCT, BTC, ETH, USDT within just minutes and join all the games easily.
What we have?
● Private-sale
Anyone interested in our project can make an offer and enter negotiation directly with us. Angel investors can buy…
● ICO
Parallel to the IEO, we provide ICO (a form of crowdfunding) on the official website. The first token sale was…
● IEO
We have recently reached an agreement on our IEO listing with two of the biggest exchanges: Latoken & P2PB2B…
● Partner System
Become a partner of the worlds first coin traded crypto gaming platform. Now is the time to enter the market and profit…
Games & Features
We offer all games and live action you can imagine — join us for this unique fun and secure online gaming experience!
Why Choose Us
● High Profit
In addition to receiving quarterly dividends, we believe that KCT token price should experience increases by 5 times after listing on Latoken, P2PB2B, Charex exchange and Coinmarketcap website.
● Amazing game collection
We provide an amazing collection of over 1000 high-quality casino games such as Sport betting, Blackjack, Poker, Slots, Baccarat, and many more from lottery to live dealer games.
● Top gaming providers
KingCasino works only with the best providers such as Evolution, Microgaming, Ezugi, Betsoft, QuickSpin, Pragmatic Play and more.
● Transparency
KingCasino uses and trusts smart contract to ensures full transparency for business profits, online betting, paying out the winnings and dividends.
● High liquidity
Investor can buy, sell and trade KCT token on three big exchange are Latoken, P2PB2B and Charex.io.
● License
Being the legally licensed and regulated online Casino, KingCasino have the potential to truly revolutionize the online casino industry, and this will come with time and with more trust.
IEO & ICO on Latoken and P2PB2B exchange
● Hard Cap: $50,000,000 ● Soft Cap: $10,000,000 ● Total Supply: 59,500,000 KCT TOKENS ● Cost of: 1 KCT Token$1 ● Guarantee: If a soft cap of $10,000,000 is not reached — we will issue a refund. ● Smart Contract: 0x820125045B93913cEDdD5C4b602949D82304b152
ICO Details
● Ticker: KCT ● Type: Security Token ● Price: $0.5 ● Accepted Currencies: BTC, ETH, USDT ● Start Date: 25/02/2020 ● End Date: 11/06/2020
IEO Details ● IEO launchpad: Latoken & P2PB2B ● Accepted Currencies: BTC, ETH, USDT
Round 2: $0.8/token Round 3: $0.9/token Round 4: $0.95/token Round 5: $1/tokenStart
● Date: 02/04/2020 ● End Date: 11/06/2020
Token Distribution
Total token supply — 130,000,000 Tokens
● Private sale: 10,000,000 tokens ● IEO&ICO: 59,500,000 tokens ● Airdrop and Bounty: 500,000 tokens ● Founder and Team: 30,000,000 tokens ● Reserve: 30,000,000 tokens
Road Map
2017
● Idea and Technology ● Concept created
2018
● Core team established ● Online Casino platform development
2019
● Market analysis ● Business plan ● Legal entity, license in Curacao ● Global agency agreement ● ICO platform development ● Online Casino platform development ● ICO platform testing ● Online Casino platform Testing
2020
● ICO website launch — Active ● Online casino games lives — Start in: 03/2020 ● Marketing campaign — 1st round ● Partnership agreement ● Private sale ● ICO platform launch ● Listing IEO on Exchange ● Decentralized platform development ● Token distribution ● Global agency agreement ● Brand & Community building ● Global affiliate program launch
2021
● Blockchain-based casino platform ● Mobile wallet release ● IOS and Android app launch
Team
Joe Maddox Founder & CEO
Steven Nguyen Founder, Compliance Officer & Chief Customer Officer
Nguyen Thai Hoc Founder & Chief Technology
Tim Nguyen Founder & Developer
Michael Founder & Marketing Specialist
Advisors
Benjamin Kang Advisor and EU partner
Markus Peter Advisor and EU partner
For more detailed information, please visit the link below: ● WEBSITE : https://kct.kingcasino.io/ & www.kingcasino.io ● TELEGRAM : https://t.me/kingcasinogroup ● TWITTER : https://twitter.com/kingcasino888 ● FACEBOOK: https://www.facebook.com/kingcasino8
www.kingcasino.io www.kct.kingcasino.io
Username : Em00n01 Eth Address 0x1853dba72ea5BB376993C8996DDc53107b28274f
submitted by Em00n01 to Crypto_Talkers [link] [comments]

WHAT IS KingCasino? KingCasino is the best for your ICO and IEO KingCasino is the licensed cryptocurrency online casino site in Curacao, that offering an amazing collection of over 1000 high-quality slot games, Sportsbetting, Blackjack, Poker, Slots, Baccarat, and much more!

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Written by: Em00n01
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Why you should learn poker and game theory (LONG READ)

Hello everyone! I have only been on Reddit for a few months but I learned so much from it that I figured I should try and give back to the community. English is my second language and this is the first time I ever write a full-length article, I hope you will enjoy reading it and I would be very thankful if you could provide some feedback about my writing, about the topic, or about anything else really… So here goes!
Why you should learn poker and game theory:
My story is similar to that of many: I learned about the game 10 years ago (during the golden age of online poker) when some friends of mine invited me to play a home game. Although I initially thought of poker as just another game of chance akin to playing slots or roulette in a casino, I quickly came to realize that there is a lot more to it as my more experienced friends would repeatedly get the best of me during these home games, which led me to start watching videos and reading strategy books to improve my skill… Little did I know it’d be the start of a journey that would impact many different aspects of my life way beyond the game itself, as most of the fundamental principles learned through poker can be applied to your decision-making outside of the game, especially when it comes to money management and investing. Now, let’s dive into a few of these principles:

- Risk management (i.e. Bankroll management)
When learning about how to be successful playing poker, the first big piece of advice most people come across is bankroll management or BRM. To understand BRM, you must first realize that poker has a lot of variance: you might be vastly ahead in a given hand but there is almost always a slim chance that you will lose in the end if one specific card hits. This implies that you will sometimes lose even though you were a 99% favorite, and that you will sometimes get unlucky and lose 2, 5 or maybe even 20 such encounters in a row. THIS is variance. It doesn’t mean that you played bad or that you made bad decisions, but rather that you got unlucky. Over time you will have lucky streaks and unlucky streaks, and these will average out in the long term… It’s just the way the game goes.
Now that we understand variance, let’s get back to BRM. What is it exactly? Let’s say you are the best poker player in the world but you only have 1000$ that you can EVER use to play with. Taking your whole 1000$ on one table and multiplying your stack at an exponential rate might seem like a good idea. Surely nothing can go wrong since you’re the best player in the world right? But variance can be a bitch ;) Even if you’re the best you will lose regularly and you will sometimes get unlucky, it’s just part of the game. The correct move here is to apply BRM, which means only using a small % of your available capital for each game you play in order to reduce the risk of going broke. Using only 100$ per game would already be a lot safer, but you still run the risk of going under on a streak of bad luck. If you only allocate 10$ per game you play, then it becomes virtually impossible for you to ever go broke, even on a huge streak of bad luck. Sure it’s not as exciting and you won’t be making money quite as fast as you could, but this is the way to go to make sure you don’t go broke…
This approach to risk management translates very well to investing:
- Only invest what you can afford to lose. Once the money is on the table it’s as good as gone, which is why you should only use your “spare” cash and never invest with your living expenses or worse, borrow money to invest.
- Diversify your investments. There is always a chance, however slim it might be, that you will lose most of your investment. This is why going all-in on a specific investment is generally a bad idea (this applies particularly well in the crypto space).
Proper BRM allows you to make sure that you will come out ahead in the long run if you play well, which basically comes down to making more good decisions than bad ones. But that’s assuming you don’t let emotions come in the way of your decision-making, which brings us to our next point…

- Emotional management (i.e. Handling tilt/Positive mindset)
Nobody likes losing… In the same way we enjoy winning because of the dopamine rush, we feel bad when we lose which is totally natural. Overcoming this and avoiding tilt (irrational decisions made out of angefrustration) is an essential skill for any successful poker player. You might play a sound game of poker and apply good BRM, but you will still lose if you let your emotions get the best of you.
After a loss, rather than being angry and frustrated, you should evaluate your decision-making. If your decision-making was good, you just got unlucky and you shouldn’t worry about it since you are playing for the long run (remember that variance teaches us that anything can happen in the short-term). If your decision-making was bad, you need to learn from your mistakes and move on. The key here is to always have a positive mindset: making mistakes is part of the learning process and should be seen as an occasion to improve. Being angry and ranting, on the other hand, rarely result in anything positive.
Again, this translates very well to investing:
- Don’t be impulsive, don’t let your emotions cloud your judgment. You should not FOMO because the price is pumping, nor should you sell because of FUD or price corrections. If you believe in a project, short-term price changes (did I hear someone say “variance”?) shouldn’t bother you.
- Don’t get stuck up on losses. You bought the top and it crashed immediately after? You sold the bottom right before a huge rally? Don’t let this bother you: what’s done is done and you just need to move on and make the best of your current situation.
- Have a positive mindset. Anger and frustration lead to nothing. Yes you could have bought in 2009 when you first heard about it, hindsight is always 20/20. Stay positive and keep learning/improving yourself.
The good thing about all this is that it goes way beyond poker or investing. Being aware of your emotions and how they affect you, learning how to handle losing even when you were “supposed” to win, etc… All this can tremendously help you in all aspects of life by making you less impulsive and more rational in your decision-making. Now, this leaves us with our last fundamental principle of a sound poker strategy:

- Basic stats and probabilities (i.e. Expected value/Odds)
To become an accomplished player, you will inevitably have to learn about these simple mathematical tools that poker players use all the time in their decision-making process, such as odds and expected value. To make it very simple, the expected value (EV) of any bet is (REWARD \ WinRate - RISK), meaning that if you can bet 1000$ with a chance to win 10k$ half of the time, your EV is *(10000\0.5)-1000 = +4000$**. Obviously these are great odds to take as long as you have enough capital to overcome variance. But things would be very different if the odds of winning were only 5% as your EV would then be negative *(10000\0.05)-1000 = -500$.*** Now this is clearly a bet you should not take…
Now that you know probabilities, statistics and game theory are useful decision-making tools in poker, guess what? They are also extremely useful in investing! Even better, the study of game theory with problems such as the “Byzantine generals” or the “Three prisoners” has been, along with cryptography, the foundation on which blockchain technology was built, enabling the trustless and decentralized services that are about to revolutionize our world…
Assuming this was enough to pique your interest and make you want to dig deeper, I’ll just add that just like the other topics we discussed and as you might have guessed, this translates very well to investing and also to pretty much anything in your life:
- Learn how to break down complex situations. Logical thinking paired with a statistical approach will help you break down any complex problem into several easier problems, making the whole thing a lot easier to approach/comprehend.
- Base your decisions on a methodical and rational approach. List every possible outcome along with its associated upside/downside, estimate the probability of each outcome to occur and make the best decision based on the information available.
My point here is that risk management, emotional management and statistics/game theory are all awesome tools that you should definitely add to your arsenal. Not only will it improve your money-management and investing, it will also be beneficial to your decision-making and to your life in general. Of course poker is not the only way to learn about these, but I personally found it to be the best practice ground to refine and improve them, which is why I strongly encourage you all to try it out and study the game.
I hope you enjoyed the article, and I wish you all a happy 2021 bull run! May we all come closer to retirement and financial independence!

TL;DR: more than a game, poker is a school of thought. It teaches you to be reasonable, to assess the risk of every single choice you make, to overcome you emotions, to play the long game rather than the short game, to make informed decisions, etc… This has made me a lot wiser in every aspect of my life, which is why I strongly encourage to try it out and read about poker strategy.
submitted by RaBaTaJ_ to CryptoCurrency [link] [comments]

TIFU by hitting the jackpot at a casino

This happened on my 18th birthday, I'm 30 now so time has passed and the wounds have festered for over a decade somewhat healed.
My best friend and I were, and still are, avid poker players. We decided we would take our developing online skills (see: math nerds) to the casino when I turned 18 because I am the younger of the two of us by a couple months. We do the obligatory show of my ID to the bouncer, who in return does his obligatory Wonka-esq extend-one-arm welcome to a world of oxygen induced wallet abusal and wishes me a happy birthday.
We have no intention of fucking around. We're already fairly successful online players (although this is pre- Poker Black Friday). We don't ever play when we're mentally unsound, that means tired, angry, hungry, sad, and especially drunk. We are about to enter a place where we can seek out folks that are not only not-grinders, but folks who are drunk, and we are prepared.
We spend the night at adjacent tables, targeting the people ordering the most drinks and cruising through an easy and super fun night of poker. We play for 5 or 6 hours and then wrap it up, we each make a few hundred dollars on our buy ins and we're happy that we got to play with the grown ups.
I decide to buy exactly 5 dollars of slot play just so that I can see what they are like on the way out. I figure if I make some money, a trip back to the cage is fine with me, and if I don't then it's 5 bucks on my way out of Casino Niagara.
I play some cheap slots and lose until I'm down to exactly 1.00 on my ticket. Fuck it. Let's roll the Jackpot slots in the center of the casino floor. The degenerates among you know what I mean, the one with the big scoreboard above it keeping track of the amount of money it has scammed out of people who know damn well they have no shot at winning a Jackpot.
I win the Jackpot. This son of a bitch is all bells, whistles, and flashing lights while I watch the credit reader roll. This one reads in whole numbers instead of decimals, and as this god forsaken speedometer from hell spins from 1 to 10 I look to my friend and he says
"Holy shit. You just won the jackpot."
This robot prick goes from 10 to 100 as more people gather around.
"Holy shit. This kid just won the jackpot."
100 to 150 and rising. This.metal.piece.of.shit.
More people gather around. Staff now too, we are talking double digit millions here.
150 turns to 199 and then clink. 200.
I look up at the screen, congratulating me on being the only motherfucker in the universe dumb enough to spin a jackpot machine with the minimum bet. Had I saved my 5 dollars for that pull, I'd never have had to work again.
Tldr: tifu by winning the jackpot but only betting the minimum, resulting in winning 200 dollars instead of 20 million.
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Playboy going public: Porn, Gambling, and Cannabis

NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY.
https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html
NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1.
https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html
NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%)
NEW INFO 2 Here is the full webinar.
https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866
NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below
https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx
Playboy going public: Porn, Gambling, and Cannabis
!!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should.
In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase.
Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below:
https://www.playboy.com/
https://www.playboytv.com/
https://www.playboyplus.com/
https://www.iplayboy.com/
Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success.
“Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.”
https://www.scientificgames.com/
https://www.microgaming.co.uk/
“This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.”
https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/
As per their SEC filing:
“Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1
They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon.
https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era
Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again:
https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea
“Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.”
“According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently:
https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae
Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress.
Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait.
https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/
Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video:
https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html
Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said. https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this: https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too: https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05
Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing:
“For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.”
“In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.”
“In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.”
“In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.”
They are profitable across all three of their current business segments.
“Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China. https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.” https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders).
https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm
This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world.
"Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.”
Also in the SEC filing, the Time Frame:
“As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn.
The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.” https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :(
He should be fine with the 16 million PLBY shares he's going to have though :)
Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw.
I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets.
https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003
Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this:
“Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy.
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative.
https://www.secform4.com/insider-trading/1832415.htm
https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html
Y’all like that China money?
“Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.”
Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose.
I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future.
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing.
https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing
“Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.”
“Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.”
Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong.
Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will.
Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way.
Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains.
TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here:
WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though
https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf
Or here:
https://www.mcacquisition.com/investor-relations/default.aspx
Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.”
STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon.
Position: 5000 shares. I will buy short, medium, and long-dated calls once available.
submitted by jeromeBDpowell to SPACs [link] [comments]

$700,000 Bet on Fintech - BFT

$700,000 Bet on Fintech - BFT
Alright Degenerates- I posted a small little snippet a day or so ago about BFT. I wanted to do a bit of DD on BFT but also wanted to highlight something that was brought to my attention by a degenerate gambler. Lastly, I wanted to compile some good little snippets that have been put together by some other members as well as from the investor presentation.
Before reading further please understand the major Risks.
  • This is SPAC with ~10.00 NAV, if the deal falls through it could drop to 10.00 USD
  • The warrants could be very lucrative but they can be called and if a deal fails to materialize, these can become worthless.
  • If you're ok with the above risks, continue reading.
Keep in mind that this merger is not complete, but the terms of the deal have been provided to investors and we will be able to either vote yes for the deal or vote no and redeem our shares in BFT for 10.00 cash. So there is downside to this play should the vote not go through or should the two entities terminate the agreement. Right now the downside is ~3 dollars per share according to the close price from today.

MY POSITIONS - Mostly PRPL, PSTH and BFT/BFT.W


https://preview.redd.it/ygrfo9vp0b461.jpg?width=1065&format=pjpg&auto=webp&s=ccd5cd4846d0cdcd6f1ed0e7a37548399a5cf461
https://preview.redd.it/fd3o99vp0b461.jpg?width=1072&format=pjpg&auto=webp&s=96faf02b077fc060c6025bbf7976b54edc6db493


The Customers and MOAT

  • Deep Customer Base with deep ties to gambling/betting industry with Deep penetration in Europe and growing customer bases around the world. Gambling is a tricky business and regulated differently than other industries. Many big players have avoided the industry and Paysafe has a great reputation and has become one of the early movers in the industry. The following are some notable customers.
https://preview.redd.it/0bhbpnvr0b461.jpg?width=473&format=pjpg&auto=webp&s=57ec71dfedd8c6eb1d604282021340fbd8d39025
https://preview.redd.it/cno03rvr0b461.jpg?width=285&format=pjpg&auto=webp&s=4281b8e0db4783b7b4b6cce74f62f0694bdbb008

----------------------------------------------------------------------------------------------------------------------------------------------------- I actually know Paysafe and the usage quite well.
PayPal has many restrictions in Europe regarding iGaming , so does Square.
This is a big play on iGaming for those that aren’t aware.
I was a mid- high stakes online poker player through the 2010-2018. Played a variety of sites. : iPoker; PokerStars, Paddy, MicroGaming, 888, Party. Why so many sites? Because I was always on lookout for where the action was, if a big whale sat down at one online casino; you bet your sweet ass I’m there.
So let me give you my take as a consumer that’s probably spent over $100,000 in transaction fees personally on Paysafe.
This was one of the cheapest and fastest ways to move money around online.
Unlike Stripe this which is against risky business such as CBD and gambling, paysafe is actually one of the leading payment providers in both UK/AUS / Ireland for iGaming.
Big example is William Hill, Bet365, Bwin.
Now why would you want to move money online around as a gambler ?
Well, Visa/MC charge close to 50%->75% more, online casinos = the merchant. They don’t wanna pay that, and in fact put limits on this type of payment processor. (Your visa’s credit cards etc). If a punter deposits / withdraws frequently, the online casino could literally be on the hook for like 20-30% of the turnover throughout the gambler’s period. (This assumes the gambler doesn’t lose all his money per deposit.
Imagine you’re a professional sportsbettor, you’re not loyal to one site. Different spreads / odds are offered on every site, you want to be able to move your money from one to another quickly and cheaply. Arbitrage opportunities do exist in sports betting as bookmakers hedge their books to minimize risk, diff frequencies of bets occur on each sports book; you get the idea.
For recreational punters, it’s simple: some sporting events that are smaller simply don’t exist on one site that exist on another. Eg. Perhaps you using Pinnacle / 10dimes for low spreads on high volume events, but perhaps you want to gamble on live events on bet365 on another day, and bet ponies on Hill.
What if you only have $5000 ? Giant pain in ass to deposit money to each site, paysafe lets you move it around easily.
Should you use visa, you may get blocked from depositing on various sites; Bodog, WHill, Bet365 just to name a few. Withdrawals and clearing deposits with bank transfers or checks takes days-> weeks and gamblers ain’t gonna wait for that shit.
You can also buy prepaid paysafe cards from stores if you don’t wish to use your real credit card; and load that shit up.
One of the biggest markets this is prominent in is South east Asia, they are some of the biggest punters and fucking loving gambling. Looking at you pinoys, Indonesians, Malays. Not everyone wants to fly to Macau to get their rocks off.
As much as this is a play on FinTech, please understand this company has more or less the best Payment service on online gambling globally.
-----------------------------------------------------------------------------------------------------------------------------------------------------

The Comparable VALUATIONS

From this chart you can see that there looks to be some favorable multiples that could improve once a deal closes. Also, I'm very bullish on the great Margins as well as the conservative growth. I think Foley along with the growing Igaming undervalues the potential of this company. Just the Draft Kings relationship make me tingle.

CHART is COURTESY of u/CoachCedricZebaze
https://preview.redd.it/aozxwuft0b461.jpg?width=722&format=pjpg&auto=webp&s=e40cbc4538ff3bef87a31050dca316ecae996a9b

Management and Growth

  • Bill Effing Foley - I have a thing for guys name Bill and this guy get my nips hard.
    • This guy has turned shit into gold. See his previous ventures before and after....

https://preview.redd.it/dp6oe2ew0b461.jpg?width=386&format=pjpg&auto=webp&s=5e6f137c95fec971568dfa5bc07d0290997c753d
https://preview.redd.it/mhl9b7ew0b461.jpg?width=326&format=pjpg&auto=webp&s=f57ec2eb7c7c318323373af10c8bb12b03e9082e
  • Bill has connections and a strategy to dominate Igaming.
  • Igaming addressable Market is expected to grow immensely from a few billion to tens of billions.
https://preview.redd.it/qfacblzz0b461.jpg?width=241&format=pjpg&auto=webp&s=dbcdace95286ffccf613daa79b93554ca3e5728b

This is an end to end payment processor with big big big name relationships for very disruptive companies that have huge addressable markets. The reason I am excited is because IGAMING is just really starting to take off and Paysafe is a first mover with brand new experienced management and very very fair valuations that could pop after a merger.
TL;DR- BUY BFT stock and BFT.W because BFT stands for big freaking tenderloins.
submitted by dhsmatt2 to wallstreetbets [link] [comments]

$CATV 🔥 Cannabis Stock ready to 🚀 🚀 (GREAT DD & INFORMATION)

$CATV - New CEO, Patents, Acquisitions, Multiple Revenue-Generating Businesses, Fully Integrated CBD Chain
4Cable TV International, Inc. (OTC: CATV) is determined to become a fully integrated Global CBD/Hemp business from seed to sale. Farming is where it all starts, and distribution is where it all goes. Today 4Cable TV, International, Inc. moves one of its chess pieces by announcing it is acquiring CIGN, LLC. As a result of the acquisition, revenues for 2021 are expected to be in the millions of dollars.
$CATV will be OTC PINK Soon
https://www.otcmarkets.com/stock/CATV/news/story?e&id=1797202
https://drive.google.com/file/d/1TL6i6MHPtnMQCKcAZ9BgYTMxQNI5LWRF/view
Company Website:
http://www.4cabletvint.com/#home
Company Email
[email protected]
NEW CEO Since Dec 18th 2020
Michael Feldenkrais
https://youtu.be/ArFs-b0ww_Y
https://www.linkedin.com/in/michaelfeldenkraislawyer
His largest accomplishment came when he organized several mergers and acquisitions with a Canadian publicly traded company Amaya Gaming that resulted in the increase of its market cap from 50 million dollars to 4.9 billion dollars in less than 2 years.
Amaya Gaming In Deal To Buy PokerStars For $4.9 Billion
One of the most high-stakes, controversial and intriguing business stories in the history of the modern gambling industry is heading toward its conclusion. PokerStars, the world’s biggest online poker company, has agreed to sell itself for $4.9 billion to Amaya Gaming, a small publicly-traded Canadian supplier of gambling equipment.
https://www.forbes.com/sites/nathanvardi/2014/06/12/amaya-gaming-in-deal-to-buy-pokerstars-for-4-9-billion/?sh=3286a4104469
Experience: Over 20 Years of Professional Experience:
Michael, is a well recognized attorney that has appeared on all major Spanish and English television networks. Michael manages a successful media, lead generation, gaming and marketing portfolio.
CANNABIS
In this video below Michael Feldenkrais is talking about how excited he is to start growing the plants and the business.
https://thefloridachannel.org/videos/capitol-update-extended-hemp-applications-open/
In the Cannabis space, Mr. Feldenkrais has been very active for the last 6 years from intellectual property, cultivation, manufacturing, distribution, and retail. (Seed to Sale). Starting his Cannabis career, he focused on acquiring intellectual property in Israel to deploying such in the United States, Central and South America, and the Caribbean. In recent years he built a franchise company to open 22 Medical Clinics recommending the use of Cannabis and sold a total of 50 franchised locations in less than one year.
He then concentrated his efforts in cultivating Cannabis in Florida out of a state-of-the-art Cravo greenhouse in Homestead for commercial and research purposes under the auspices of the University of Florida.
Entrepreneur:
Early in his career, he built two of the largest Prepaid Cellular Phone Card distribution companies in Colombia and Venezuela, wherein he deployed a distribution model using informal workers and converting them into main-stream employees giving jobs to over 14,500 people.
Media and Corporate Related Experience:
In 2008 he developed a success based marketing system. He has proven expertise in the operations, management and procedure implementation of media campaigns, lead generation software, and lead analytics. He expanded the companies business into the gaming category closing transactions in the hundreds of millions of dollars.
The company has relationships with television production companies, casino companies, motion pictures companies and more. Using Success Based Marketing, he guided the company and all its aspects from creating the proprietary lead software, harnessing lead analytic's for re-marketing, to purchasing media for lead creation, and to the creative production of the media campaigns that would generate the most response for the money spent.
Lawyer Experience:
Respected and trusted television spokesperson. All the major television stations have contacted Michael to speak on legal issues. He has appeared regularly in television and radio, both nationally and internationally as both a consultant and a host. Has produced several television shows and has appeared regularly on TV stations like Univision, NBC, and Telemundo.
https://www.floridabar.org/directories/find-mbprofile/?num=991708
Specialties: Business Development and Management / Media Production and Distribution / Mergers and Acquisitions / Corporate, International, and Immigration Law
Since he has been CEO of $CATV
  1. Has acquired 3 new revenue producing companies in 3 weeks. Health Care and Wellness Clinics of America, LLC ("HCWCOA"), and Corporation Clinic, LLC ("Corporation Clinic") Chai MD, Hip n Chai and Get Medicated.
https://hip4all.com
http://www.hipnchai.com
https://www.canitindustries.com
http://www.getmedicated.com
  1. LOI for CIGN a 4th revenue producing company (He is already CEO of CIGN) They're finalizing the acquisition of CIGN Farms in FL. They grow and distribute hemp and hemp seeds for CBD products, etc.
http://canitgrow.com
https://instagram.com/cignfarm?igshid=1oyaudokoq0d1
  1. Hired Karma Snack Agency as marketing firm.
https://karmasnack.com
https://www.corporationwiki.com/Florida/Miami/karma-snack-llc/27468595.aspx
  1. Jan 8th PR saying Filings Imminent and are excited to announce that it is estimating the filing of its financial statement and disclosures in the coming weeks..
https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-certain-incoming-financials-filings-are-imminent-301203235.html
Our New CEO Comes Packing ”Trademarks”
Facial skin care preparations infused with hemp, namely, makeup and eye makeup removers, facial cleansers, facial scrubs… Owned by: Michael Feldenkrais Serial Number: 86843184
https://trademarks.justia.com/868/43/hip-86843184.html
PRESS RELEASES
February 3, 2021
Media company 4CableTV International Inc (OTC:CATV) has qualified for Pink Current Information status on OTCMarkets.com. To be eligible, 4Cable must subscribe to the OTC Disclosure & News Service and submit its disclosures in accordance with OTC Market filings and OTC Markets' Pink Basic Disclosure Guidelines. 4Cable was unable to file before renewing its OTC registration or status. Once the reinstatement is completed, the company will submit its disclosures. Its financial reports will be reachable on the company’s website once it’s back and running, which should be around February 5, 2021
Source: https://www.google.com/amp/s/amp.benzinga.com/amp/content/19469425
January 29, 2021
4Cable TV International, Inc. (OTC: CATV) (the "Company") announces today that it hired Karma Snack Agency as their Marketing Firm. While working diligently on the accounting to file and be current, the company is working hard to ensure revenues for the company grow exponentially.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-signs-deal-with-karma-snack-agency-as-their-marketing-firm-301218096.html
January 19, 2021
First, the company has hired Mark Slaugh. Mark Slaugh is the CEO and founder of iComply; the oldest Cannabis Compliance Company in the United States. The second hire is Arthur A. Estopinan, a veteran player in the United States House of Representatives. Effective January 25, 2021 both individuals begin working for the company assisting 4Cable TV International to vet out the Mergers and Acquisitions and assist in the process of growing the company globally in the Cannabis Industry.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-announces-the-hiring-of-two-board-of-advisors-301210558.html
Mark Slaugh
https://www.linkedin.com/in/mark-slaugh-26713221
https://mogreenway.com/2020/12/21/qa-with-mark-slaugh/
Mark Slaugh was on the board of directors for icomply
https://icomplycannabis.com
Arthur A. Estopinan
https://www.linkedin.com/in/art-estopinan-61359139
http://hispanicpolicygroup.com/arthur-a-estopinan/
January 8, 2021
4Cable TV International, Inc. (OTC: CATV) (the "Company") is excited to announce that it is estimating the filing of its financial statement and disclosures in the coming weeks. Working diligently with the accounting department, the company strives to provide true transparency to shareholders.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-certain-incoming-financials-filings-are-imminent-301203235.html
January 4, 2021
4Cable TV International, Inc. (OTC: CATV) (the "Company") announced today that it completed the acquisition of several companies devoted to support a global CBD services and products company. Effective December 31, 2020, the Company acquired 100% of the equity interests of each of Health Care and Wellness Clinics of America, LLC ("HCWCOA"), and Corporation Clinic, LLC ("Corporation Clinic")
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-acquisition-of-healthcare-and-wellness-clinics-of-america-llc-and-corporation-clinic-llc-as-the-retail-arms-and-distribution-of-cbd-based-products-301200032.html
December 28, 2020
A group oriented to become a leader in CBD based products markets, today announced they have signed a Letter of Intent (the "LOI") devoted to join forces to control one of the first steps in becoming an integrated hemp company. Signatories to the letter of intent include CIGN, LLC, and 4Cable TV International, Inc. (OTC: CATV). 4Cable will take over to operate as the agricultural grower of hemp. This is the first step in the chain for CBD based products to be manufactured by 4Cable TV International, Inc., through its future subsidiaries, which are expected to join the group in any foreseeable future, and function as a global company in the CBD business. The letter signals the intention of the signatories to use their best efforts to work together in establishing an appealing group of business units that will accomplish the expectation of a fast-growing market.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-signs-letter-of-intent-to-acquire-cign-llc-to-grow-hemp-301198599.html
December 11, 2020
Jeff Wildermuth, CEO of 4Cable TV International, Inc. (OTC PINK: CATV) announced today that the Company is in the process of finalizing the details in regards to the forward acquisition of a CBD and Hemp Company. The name of the acquired company will be revealed upon final consummation of the deal.
In preparation for the transition, the Company has accepted the resignation of current CEO Jeff Wildermuth, and has appointed Michael Feldenkrais as the new CEO and President of the Company.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-new-ceo-and-near-completion-of-acquisition-of-cbd--hemp-company-301191242.html
October 22, 2020
PORT ST. LUCIE, Fla., Oct. 22, 2020 /PRNewswire/ -- Jeff Wildermuth, CEO of 4Cable TV International, Inc. (OTC PINK: CATV) announced today that the Company has no plans to reverse its stock. This announcement is in response to the several inquiries that he has received regarding this issue
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-that-it-is-not-planning-on-reversing-the-common-stock-301157977.html
October 19, 2020
The Company is also still exploring a forward acquisition of a Medical Marijuana and Hemp Company. As was recently announced, Company is still considering two different CBD companies and expects to make its final decision in the upcoming weeks.
Source: https://marketwirenews.com/news-releases/4cable-tv-international-inc-announces-that-it-is-exp-6718975385344526.html
submitted by Awkward-Box-8220 to PennyStocksDD [link] [comments]

IWTT Poker (No limit Texas hold-em)

Hi, want to learn Poker?
I've been playing Poker, with friends, online and in casino for about 10 years and other strategy games all my life. I'm not the best player but I won some decent money online and in casino from this hobby.
And I belive if you wanna learn something, teach it!
I could teach you the fundamentals and basics of Texas hold-em so you can have a great chance of doing well early as a new player.
Or maybe you always just played for fun, and wanna take poker more seriously?
submitted by CanthideCantrun to IWantToTeach [link] [comments]

CATV beat marijuana stock under 1 penny (MUST READ DD & information)

$CATV - New CEO, Patents, Acquisitions, Multiple Revenue-Generating Businesses, Fully Integrated CBD Chain
4Cable TV International, Inc. (OTC: CATV) is determined to become a fully integrated Global CBD/Hemp business from seed to sale. Farming is where it all starts, and distribution is where it all goes. Today 4Cable TV, International, Inc. moves one of its chess pieces by announcing it is acquiring CIGN, LLC. As a result of the acquisition, revenues for 2021 are expected to be in the millions of dollars.
$CATV will be OTC PINK Soon
https://www.otcmarkets.com/stock/CATV/news/story?e&id=1797202
Company Website:
http://www.hcwcoa.com
NEW CEO Since Dec 18th 2020
Michael Feldenkrais
https://www.linkedin.com/in/michaelfeldenkraislawyer
Amaya Gaming In Deal To Buy PokerStars For $4.9 Billion
His largest accomplishment came when he organized several mergers and acquisitions with a Canadian publicly traded company Amaya Gaming that resulted in the increase of its market cap from 50 million dollars to 4.9 billion dollars in less than 2 years.
One of the most high-stakes, controversial and intriguing business stories in the history of the modern gambling industry is heading toward its conclusion. PokerStars, the world’s biggest online poker company, has agreed to sell itself for $4.9 billion to Amaya Gaming, a small publicly-traded Canadian supplier of gambling equipment.
https://www.forbes.com/sites/nathanvardi/2014/06/12/amaya-gaming-in-deal-to-buy-pokerstars-for-4-9-billion/?sh=3286a4104469
Experience: Over 20 Years of Professional Experience:
Michael, is a well recognized attorney that has appeared on all major Spanish and English television networks. Michael manages a successful media, lead generation, gaming and marketing portfolio.
CANNABIS
In this video below Michael Feldenkrais is talking about how excited he is to start growing the plants and the business.
https://thefloridachannel.org/videos/capitol-update-extended-hemp-applications-open/
In the Cannabis space, Mr. Feldenkrais has been very active for the last 6 years from intellectual property, cultivation, manufacturing, distribution, and retail. (Seed to Sale). Starting his Cannabis career, he focused on acquiring intellectual property in Israel to deploying such in the United States, Central and South America, and the Caribbean. In recent years he built a franchise company to open 22 Medical Clinics recommending the use of Cannabis and sold a total of 50 franchised locations in less than one year.
He then concentrated his efforts in cultivating Cannabis in Florida out of a state-of-the-art Cravo greenhouse in Homestead for commercial and research purposes under the auspices of the University of Florida.
Entrepreneur:
Early in his career, he built two of the largest Prepaid Cellular Phone Card distribution companies in Colombia and Venezuela, wherein he deployed a distribution model using informal workers and converting them into main-stream employees giving jobs to over 14,500 people.
Media and Corporate Related Experience:
In 2008 he developed a success based marketing system. He has proven expertise in the operations, management and procedure implementation of media campaigns, lead generation software, and lead analytics. He expanded the companies business into the gaming category closing transactions in the hundreds of millions of dollars.
The company has relationships with television production companies, casino companies, motion pictures companies and more. Using Success Based Marketing, he guided the company and all its aspects from creating the proprietary lead software, harnessing lead analytic's for re-marketing, to purchasing media for lead creation, and to the creative production of the media campaigns that would generate the most response for the money spent.
Lawyer Experience:
Respected and trusted television spokesperson. All the major television stations have contacted Michael to speak on legal issues. He has appeared regularly in television and radio, both nationally and internationally as both a consultant and a host. Has produced several television shows and has appeared regularly on TV stations like Univision, NBC, and Telemundo.
https://www.floridabar.org/directories/find-mbprofile/?num=991708
Specialties: Business Development and Management / Media Production and Distribution / Mergers and Acquisitions / Corporate, International, and Immigration Law
Since he has been CEO of $CATV
  1. Has acquired 3 new revenue producing companies in 3 weeks. Health Care and Wellness Clinics of America, LLC ("HCWCOA"), and Corporation Clinic, LLC ("Corporation Clinic") Chai MD, Hip n Chai & Get Medicated.
https://hip4all.com
http://www.hipnchai.com
https://www.canitindustries.com
http://www.getmedicated.com
  1. LOI for CIGN a 4th revenue producing company (He is already CEO of CIGN) They're finalizing the acquisition of CIGN Farms in FL. They grow and distribute hemp and hemp seeds for CBD products, etc.
http://canitgrow.com
https://instagram.com/cignfarm?igshid=1oyaudokoq0d1
  1. Hired Karma Snack Agency as marketing firm.
https://karmasnack.com
https://www.corporationwiki.com/Florida/Miami/karma-snack-llc/27468595.aspx
  1. Jan 8th PR saying Filings Imminent and are excited to announce that it is estimating the filing of its financial statement and disclosures in the coming weeks..
https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-certain-incoming-financials-filings-are-imminent-301203235.html
Additional DD Our New CEO Comes Packing ”Trademarks”
Facial skin care preparations infused with hemp, namely, makeup and eye makeup removers, facial cleansers, facial scrubs… Owned by: Michael Feldenkrais Serial Number: 86843184
https://trademarks.justia.com/868/43/hip-86843184.html
PRESS RELEASES
February 3, 2021
Media company 4CableTV International Inc (OTC:CATV) has qualified for Pink Current Information status on OTCMarkets.com. To be eligible, 4Cable must subscribe to the OTC Disclosure & News Service and submit its disclosures in accordance with OTC Market filings and OTC Markets' Pink Basic Disclosure Guidelines. 4Cable was unable to file before renewing its OTC registration or status. Once the reinstatement is completed, the company will submit its disclosures. Its financial reports will be reachable on the company’s website once it’s back and running, which should be around February 5, 2021
Source: https://www.google.com/amp/s/amp.benzinga.com/amp/content/19469425
January 29, 2021
4Cable TV International, Inc. (OTC: CATV) (the "Company") announces today that it hired Karma Snack Agency as their Marketing Firm. While working diligently on the accounting to file and be current, the company is working hard to ensure revenues for the company grow exponentially.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-signs-deal-with-karma-snack-agency-as-their-marketing-firm-301218096.html
January 19, 2021
First, the company has hired Mark Slaugh. Mark Slaugh is the CEO and founder of iComply; the oldest Cannabis Compliance Company in the United States. The second hire is Arthur A. Estopinan, a veteran player in the United States House of Representatives. Effective January 25, 2021 both individuals begin working for the company assisting 4Cable TV International to vet out the Mergers and Acquisitions and assist in the process of growing the company globally in the Cannabis Industry.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-announces-the-hiring-of-two-board-of-advisors-301210558.html
Mark Slaugh
https://www.linkedin.com/in/mark-slaugh-26713221
https://mogreenway.com/2020/12/21/qa-with-mark-slaugh/
Arthur A. Estopinan
https://www.linkedin.com/in/art-estopinan-61359139
http://hispanicpolicygroup.com/arthur-a-estopinan/
January 8, 2021
4Cable TV International, Inc. (OTC: CATV) (the "Company") is excited to announce that it is estimating the filing of its financial statement and disclosures in the coming weeks. Working diligently with the accounting department, the company strives to provide true transparency to shareholders.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-certain-incoming-financials-filings-are-imminent-301203235.html
January 4, 2021
4Cable TV International, Inc. (OTC: CATV) (the "Company") announced today that it completed the acquisition of several companies devoted to support a global CBD services and products company. Effective December 31, 2020, the Company acquired 100% of the equity interests of each of Health Care and Wellness Clinics of America, LLC ("HCWCOA"), and Corporation Clinic, LLC ("Corporation Clinic")
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-acquisition-of-healthcare-and-wellness-clinics-of-america-llc-and-corporation-clinic-llc-as-the-retail-arms-and-distribution-of-cbd-based-products-301200032.html
December 28, 2020
A group oriented to become a leader in CBD based products markets, today announced they have signed a Letter of Intent (the "LOI") devoted to join forces to control one of the first steps in becoming an integrated hemp company. Signatories to the letter of intent include CIGN, LLC, and 4Cable TV International, Inc. (OTC: CATV). 4Cable will take over to operate as the agricultural grower of hemp. This is the first step in the chain for CBD based products to be manufactured by 4Cable TV International, Inc., through its future subsidiaries, which are expected to join the group in any foreseeable future, and function as a global company in the CBD business. The letter signals the intention of the signatories to use their best efforts to work together in establishing an appealing group of business units that will accomplish the expectation of a fast-growing market.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-signs-letter-of-intent-to-acquire-cign-llc-to-grow-hemp-301198599.html
December 11, 2020
Jeff Wildermuth, CEO of 4Cable TV International, Inc. (OTC PINK: CATV) announced today that the Company is in the process of finalizing the details in regards to the forward acquisition of a CBD and Hemp Company. The name of the acquired company will be revealed upon final consummation of the deal.
In preparation for the transition, the Company has accepted the resignation of current CEO Jeff Wildermuth, and has appointed Michael Feldenkrais as the new CEO and President of the Company.
Source: https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-new-ceo-and-near-completion-of-acquisition-of-cbd--hemp-company-301191242.html
October 19, 2020
The Company is also still exploring a forward acquisition of a Medical Marijuana and Hemp Company. As was recently announced, Company is still considering two different CBD companies and expects to make its final decision in the upcoming weeks.
Source: https://marketwirenews.com/news-releases/4cable-tv-international-inc-announces-that-it-is-exp-6718975385344526.html
submitted by Awkward-Box-8220 to PennyStocksDD [link] [comments]

Is this an optimal or even viable approach for improving as a player?

Hey poker I have been bitten by the poker bug, and for the past year have played quite a bit of poker online (PokerStars PA, ACR, ignition), along with 1/2 and 2/5 in the casino.
I have a great job as a software engineer, so I am not trying to make a career out of poker, but I want to play competitively and study as much as possible as well.
To my understanding, the best way to improve is through playing 6 max online even if my goal is to be a strong live full ring player. I have also seen from the sidebar that ACR seems to be the best site to play for US players, since I am no longer in PA; though this is partially confusing since I have heard terrible things about the site as well.
Given my situation and goals would it be efficient to work through RIO From the Ground Up along with Upswing and play micro stakes .01 / .02 on ACR as much as possible to focus on getting better, moving up as my roll increases. I can afford a much larger bankroll, but don't think it makes sense given my focus is to beat easier games before taking shots against competent players.
Thanks for reading this far, and I eagerly await your feedback!
submitted by thatsnotmyscrotum to poker [link] [comments]

Cardano Poker Site

Hi,
I have been a professional poker player for the past 3.5 years and have been following poker and the community for the past 8 years. Also, I am a current ADA holder. After learning about the blockchain, I saw the benefits that could be obtained by running a poker site on one. I think a well done poker website on a blockchain could kill every other kind of poker site and would love to see this come to fruition. However, to create a huge poker site that rivals the likes of PokerStars requires a ton of money, experience and a huge team. Therefore, I am a bit lost at how to proceed. I guess hopefully this post catches the eyes of someone that is looking for an idea and has the expertise, team, and capabilities to pull it off.
Below I have listed the current problems that plague the poker industry, all which can be fixed by the blockchain. After, I list the challenges that would be faced if someone tried this endeavor.
Problems with Current Poker Industry:

Challenges:

If anyone wants to run with this idea it is all yours and would be glad to help. I have been working relentlessly at poker the last 3.5 years to become one of the best in the world. In the process, I know what the players and community desires and lacks. I would love to have a strategic role in a site like this and really just want to solve the problems that I face everyday as a professional poker player.
submitted by kobeizdabest to CardanoDevelopers [link] [comments]

Why you should learn poker and game theory (LONG READ)

Hello everyone! I have only been on Reddit for a few months but I learned so much from it that I figured I should try and give back to the community. English is my second language and this is the first time I ever write a full-length article, I hope you will enjoy reading it and I would be very thankful if you could provide some feedback about my writing, about the topic, or about anything else really… So here goes!

Why you should learn poker and game theory:
My story is similar to that of many: I learned about the game 10 years ago (during the golden age of online poker) when some friends of mine invited me to play a home game. Although I initially thought of poker as just another game of chance akin to playing slots or roulette in a casino, I quickly came to realize that there is a lot more to it as my more experienced friends would repeatedly get the best of me during these home games, which led me to start watching videos and reading strategy books to improve my skill… Little did I know it’d be the start of a journey that would impact many different aspects of my life way beyond the game itself, as most of the fundamental principles learned through poker can be applied to your decision-making outside of the game, especially when it comes to money management and investing. Now, let’s dive into a few of these principles:

- Risk management (i.e. Bankroll management)
When learning about how to be successful playing poker, the first big piece of advice most people come across is bankroll management or BRM. To understand BRM, you must first realize that poker has a lot of variance: you might be vastly ahead in a given hand but there is almost always a slim chance that you will lose in the end if one specific card hits. This implies that you will sometimes lose even though you were a 99% favorite, and that you will sometimes get unlucky and lose 2, 5 or maybe even 20 such encounters in a row. THIS is variance. It doesn’t mean that you played bad or that you made bad decisions, but rather that you got unlucky. Over time you will have lucky streaks and unlucky streaks, and these will average out in the long term… It’s just the way the game goes.
Now that we understand variance, let’s get back to BRM. What is it exactly? Let’s say you are the best poker player in the world but you only have 1000$ that you can EVER use to play with. Taking your whole 1000$ on one table and multiplying your stack at an exponential rate might seem like a good idea. Surely nothing can go wrong since you’re the best player in the world right? But variance can be a bitch ;) Even if you’re the best you will lose regularly and you will sometimes get unlucky, it’s just part of the game. The correct move here is to apply BRM, which means only using a small % of your available capital for each game you play in order to reduce the risk of going broke. Using only 100$ per game would already be a lot safer, but you still run the risk of going under on a streak of bad luck. If you only allocate 10$ per game you play, then it becomes virtually impossible for you to ever go broke, even on a huge streak of bad luck. Sure it’s not as exciting and you won’t be making money quite as fast as you could, but this is the way to go to make sure you don’t go broke…
This approach to risk management translates very well to investing:
- Only invest what you can afford to lose. Once the money is on the table it’s as good as gone, which is why you should only use your “spare” cash and never invest with your living expenses or worse, borrow money to invest.
- Diversify your investments. There is always a chance, however slim it might be, that you will lose most of your investment. This is why going all-in on a specific investment is generally a bad idea (this applies particularly well in the crypto space).
Proper BRM allows you to make sure that you will come out ahead in the long run if you play well, which basically comes down to making more good decisions than bad ones. But that’s assuming you don’t let emotions come in the way of your decision-making, which brings us to our next point…

- Emotional management (i.e. Handling tilt/Positive mindset)
Nobody likes losing… In the same way we enjoy winning because of the dopamine rush, we feel bad when we lose which is totally natural. Overcoming this and avoiding tilt (irrational decisions made out of angefrustration) is an essential skill for any successful poker player. You might play a sound game of poker and apply good BRM, but you will still lose if you let your emotions get the best of you.
After a loss, rather than being angry and frustrated, you should evaluate your decision-making. If your decision-making was good, you just got unlucky and you shouldn’t worry about it since you are playing for the long run (remember that variance teaches us that anything can happen in the short-term). If your decision-making was bad, you need to learn from your mistakes and move on. The key here is to always have a positive mindset: making mistakes is part of the learning process and should be seen as an occasion to improve. Being angry and ranting, on the other hand, rarely result in anything positive.
Again, this translates very well to investing:
- Don’t be impulsive, don’t let your emotions cloud your judgment. You should not FOMO because the price is pumping, nor should you sell because of FUD or price corrections. If you believe in a project, short-term price changes (did I hear someone say “variance”?) shouldn’t bother you.
- Don’t get stuck up on losses. You bought the top and it crashed immediately after? You sold the bottom right before a huge rally? Don’t let this bother you: what’s done is done and you just need to move on and make the best of your current situation.
- Have a positive mindset. Anger and frustration lead to nothing. Yes you could have bought in 2009 when you first heard about it, hindsight is always 20/20. Stay positive and keep learning/improving yourself.
The good thing about all this is that it goes way beyond poker or investing. Being aware of your emotions and how they affect you, learning how to handle losing even when you were “supposed” to win, etc… All this can tremendously help you in all aspects of life by making you less impulsive and more rational in your decision-making. Now, this leaves us with our last fundamental principle of a sound poker strategy:

- Basic stats and probabilities (i.e. Expected value/Odds)
To become an accomplished player, you will inevitably have to learn about these simple mathematical tools that poker players use all the time in their decision-making process, such as odds and expected value. To make it very simple, the expected value (EV) of any bet is (REWARD \ WinRate - RISK), meaning that if you can bet 1000$ with a chance to win 10k$ half of the time, your EV is *(10000\0.5)-1000 = +4000$**. Obviously these are great odds to take as long as you have enough capital to overcome variance. But things would be very different if the odds of winning were only 5% as your EV would then be negative *(10000\0.05)-1000 = -500$.*** Now this is clearly a bet you should not take…
Now that you know probabilities, statistics and game theory are useful decision-making tools in poker, guess what? They are also extremely useful in investing! Even better, the study of game theory with problems such as the “Byzantine generals” or the “Three prisoners” has been, along with cryptography, the foundation on which blockchain technology was built, enabling the trustless and decentralized services that are about to revolutionize our world…
Assuming this was enough to pique your interest and make you want to dig deeper, I’ll just add that just like the other topics we discussed and as you might have guessed, this translates very well to investing and also to pretty much anything in your life:
- Learn how to break down complex situations. Logical thinking paired with a statistical approach will help you break down any complex problem into several easier problems, making the whole thing a lot easier to approach/comprehend.
- Base your decisions on a methodical and rational approach. List every possible outcome along with its associated upside/downside, estimate the probability of each outcome to occur and make the best decision based on the information available.
My point here is that risk management, emotional management and statistics/game theory are all awesome tools that you should definitely add to your arsenal. Not only will it improve your money-management and investing, it will also be beneficial to your decision-making and to your life in general. Of course poker is not the only way to learn about these, but I personally found it to be the best practice ground to refine and improve them, which is why I strongly encourage you all to try it out and study the game.
I hope you enjoyed the article, and I wish you all a happy 2021 bull run! May we all come closer to retirement and financial independence!

TL;DR: more than a game, poker is a school of thought. It teaches you to be reasonable, to assess the risk of every single choice you make, to overcome you emotions, to play the long game rather than the short game, to make informed decisions, etc… This has made me a lot wiser in every aspect of my life, which is why I strongly encourage to try it out and read about poker strategy.
Edit: I couldn't crosspost from cc so I just copied the post as I figured it is relevant here too :)
submitted by RaBaTaJ_ to ethtrader [link] [comments]

[Offer] #Very easy offer up to $50. Sign up with my referral link to Sportsbetting.ag — Make deposit and receive a 50% match of your deposit from me via PayPal, Cashapp. Venmo or Chime.#

SportsBetting is a one-stop-shop for nearly every popular type of gambling – legal sports betting, casino gaming, horse racing betting, and poker. Headquartered in Panama, the site initially launched in 1999 but was acquired by BetOnline in 2012. Since the acquisition, SportsBetting has become one of the top legal betting sites for players from the United States. It is one of the few legal betting sites that remained in the US market after Congress passed the Unlawful Internet Gambling Act (UIGEA) of 2006. The federal law has no impact on the legality of online sports betting, but is essentially a banking restriction on unregulated payment processors. SportsBetting is well aware of this law and they have created ways to make sure that bettors can still safely and efficiently receive their winnings. SportsBetting has remained committed to U.S. players and is today one of the best betting sites that accept residents of all 50 states.
SportsBetting offers the complete package for every type of player in the US, and you will find that the site truly outshines the competition in certain areas. Huge bonuses and promotions, the latest betting odds, quick registration, and reliable banking are just some of the strong points of this particular betting site. The overall variety, whether it be the selection of sports or the catalog of casino games, is quite impressive at the online gambling site. In our legal SportsBetting review for US players, we will go into detail on these topics and more.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount. I will receive 200% of your deposit up to $200. Example, if you deposit $100, I'll receive $200 and send you $50 back. Minimum deposit is $25 and max payout from me is $50. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money.
STEPS:
*Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $25 or more to receive your payment back from me.
I have been playing at SportsBetting. Join today and get a 75% bonus to bet on sports... https://sportsbetting.ag/?RAF=AD4XWFF3&product=SPO
submitted by 1dollaatatime to signupsforpay [link] [comments]

Best research materials and/or theories for improving my poker game?

Hey, fish here. As title suggests I'm looking to improve my poker game and would appreciate some recommendations for things to be reading about or watching videos on. I've only picked it up during lockdown so my experience is pretty limited. I'd say I'm a novice or at best amateur. Won against friends a few times and have varying results online (usually due to me not taking it seriously and playing far too loose)and would almost certainly get butchered at a casino. I've also seen a few people online who run software which calculates probability (not sure what the correct term is) which doesn't overly appeal to me but I'm sure people use it for good reason.
So rambling out the way, what are the steps I should be taking to go from a novice to a solid intermediate?
submitted by londom100 to poker [link] [comments]

Going to Nevada for Online WSOP events, do casino hotels block any online sites?

Fellow grinders, I am planning on spending a few days in Reno next week to play in some online WSOP events. The best value hotels I've seen happen to be casino hotels. I plan on playing the tourneys from my hotel room. Does anyone know if casino hotels block access to WSOP, PokerStars, etc? Would assume not but don't want to book a hotel only to find out that I cant play there and end up in my car with a mobile hotspot, though apparently it worked for that guy in Jersey. Anyways, any insight would be appreciated. Thanks!
submitted by TheHebrewJammer to onlinepoker [link] [comments]

[OFFER] #Sign up with my referral link from Bovada or Sportsbetting.ag. Make deposit and receive 50% match of your deposit from me via PayPal, Venmo, Cashspp or Chime#

Bovada Sportsbook:

Bovada is an online sportsbook and casino established in 2011. The platform offers betting on most major US sports leagues and horse racing. It has slots, table games, blackjack, and a variety of other casino games. Plus, Bovada offers live online poker tournaments with players from around the world.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount, and bet through your deposit one time and I'll receive 200% of your deposit up to $100. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) I will receive 200% of your deposit up to $100. Example, if you deposit $50, I'll receive $100 and send you $25 back. Minimum deposit is $20 and max payout from me is $25. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money. STEPS: *Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $20 or more to receive your payment back from me.

Link:# #https://www.bovada.lv/welcome/P455B02E/join?extcmpid=rafcopy

https://www.bovada.lv/terms-of-service

Sportbetting.ag Sportsbook:

SportsBetting is a one-stop-shop for nearly every popular type of gambling – legal sports betting, casino gaming, horse racing betting, and poker. Headquartered in Panama, the site initially launched in 1999 but was acquired by BetOnline in 2012. Since the acquisition, SportsBetting has become one of the top legal betting sites for players from the United States. It is one of the few legal betting sites that remained in the US market after Congress passed the Unlawful Internet Gambling Act (UIGEA) of 2006. The federal law has no impact on the legality of online sports betting, but is essentially a banking restriction on unregulated payment processors. SportsBetting is well aware of this law and they have created ways to make sure that bettors can still safely and efficiently receive their winnings. SportsBetting has remained committed to U.S. players and is today one of the best betting sites that accept residents of all 50 states.
SportsBetting offers the complete package for every type of player in the US, and you will find that the site truly outshines the competition in certain areas. Huge bonuses and promotions, the latest betting odds, quick registration, and reliable banking are just some of the strong points of this particular betting site. The overall variety, whether it be the selection of sports or the catalog of casino games, is quite impressive at the online gambling site. In our legal SportsBetting review for US players, we will go into detail on these topics and more.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount. Bet through your deposit one time and I'll receive 200% of your deposit up to $200. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) Example, if you deposit $100, I'll receive $200 and send you $50 back. Minimum deposit is $25 and max payout from me is $50. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money.
STEPS:
*Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $25 or more and bet through your deposit once to receive your payment back from me.
I have been playing at SportsBetting. Join today and get a 75% bonus to bet on sports... https://sportsbetting.ag/?RAF=AD4XWFF3&product=SPO
I also have other offers on my profile posted for other Sportsbook that can guarantee yourself a few hundred dollars if you sign up before Super bowl. Please feel free to contact me regarding those offers.
submitted by 1dollaatatime to signupsforpay [link] [comments]

[OFFER] #Sign up with my referral link from Bovada or Sportsbetting.ag. Make deposit and receive 50% match of your deposit from me via PayPal, Venmo, Cashspp or Chime#

Bovada Sportsbook:

Bovada is an online sportsbook and casino established in 2011. The platform offers betting on most major US sports leagues and horse racing. It has slots, table games, blackjack, and a variety of other casino games. Plus, Bovada offers live online poker tournaments with players from around the world.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount, and bet through your deposit one time and I'll receive 200% of your deposit up to $100. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) I will receive 200% of your deposit up to $100. Example, if you deposit $50, I'll receive $100 and send you $25 back. Minimum deposit is $20 and max payout from me is $25. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money. STEPS: *Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $20 or more to receive your payment back from me.

Link:# #https://www.bovada.lv/welcome/P455B02E/join?extcmpid=rafcopy

https://www.bovada.lv/terms-of-service

Sportbetting.ag Sportsbook:

SportsBetting is a one-stop-shop for nearly every popular type of gambling – legal sports betting, casino gaming, horse racing betting, and poker. Headquartered in Panama, the site initially launched in 1999 but was acquired by BetOnline in 2012. Since the acquisition, SportsBetting has become one of the top legal betting sites for players from the United States. It is one of the few legal betting sites that remained in the US market after Congress passed the Unlawful Internet Gambling Act (UIGEA) of 2006. The federal law has no impact on the legality of online sports betting, but is essentially a banking restriction on unregulated payment processors. SportsBetting is well aware of this law and they have created ways to make sure that bettors can still safely and efficiently receive their winnings. SportsBetting has remained committed to U.S. players and is today one of the best betting sites that accept residents of all 50 states.
SportsBetting offers the complete package for every type of player in the US, and you will find that the site truly outshines the competition in certain areas. Huge bonuses and promotions, the latest betting odds, quick registration, and reliable banking are just some of the strong points of this particular betting site. The overall variety, whether it be the selection of sports or the catalog of casino games, is quite impressive at the online gambling site. In our legal SportsBetting review for US players, we will go into detail on these topics and more.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount. Bet through your deposit one time and I'll receive 200% of your deposit up to $200. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) Example, if you deposit $100, I'll receive $200 and send you $50 back. Minimum deposit is $25 and max payout from me is $50. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money.
STEPS:
*Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $25 or more and bet through your deposit once to receive your payment back from me.
I have been playing at SportsBetting. Join today and get a 75% bonus to bet on sports... https://sportsbetting.ag/?RAF=AD4XWFF3&product=SPO
I also have other offers on my profile posted for other Sportsbook that can guarantee yourself a few hundred dollars if you sign up before Super bowl. Please feel free to contact me regarding those offers.
submitted by 1dollaatatime to signupsforpay [link] [comments]

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Where to Play Online Poker in USA 2019 Top 3 US Friendly ...

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