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Titan Poker - Single Satellite Awarding 50 Seats In $2.5M GTD

August 28, 2008

It’s no breaking news headline that Titan Poker is the premier online poker room of the iPoker Network, but what has the industry in a stir is the announcement of a single Satellite tournament awarding a record-breaking 50 seats in an upcoming $2,500,000 guaranteed.

Titan Poker will be hosting its largest guaranteed online poker tournament Sunday, September 7th, with a guaranteed prize pool of no less than $2.5 million. Direct buy-in to this event is a whopping $1,500+$80, but Satellites are ongoing daily.

The biggest Satellite to the Titan Poker $2.5m Guaranteed will occur Sunday, August 31st at 8:35 pm (GMT +1), listed in the Titan Poker Lobby as “$2,500,000 Stage 1R/A 50 Seat”. What makes this upcoming Satellite competition so intriguing is that Titan Poker will award the top 50 players – yes, 50! – a seat in the $2.5m GTD. That is more guaranteed seats than any Satellite competition in the history of online poker.

“This is an exciting eleventh hour opportunity for players who have not yet secured their seats to the online tournament of a lifetime,” stated a highly enthused representative of Titan Poker. “Low stakes and the chance to win big - it’s a dream for most players.”

Direct buy-in to the 50-Seat GTD Satellite is $160 + $12; much more cost efficient than the express buy-in of $1.5k. However, players can bypass this buy-in as well by entering daily Stage 2 and Stage 3 Satellites, which award seats in this Sunday’s 50-Seat Guarantee.

Stage 2 Satellites incur a buy-in of $20+$2, while Stage 3 Satellites cost only $2+$.20, and are played as single-hand Sit’n’Go tournaments. The Stage 3 awards a seat in the Stage 2 - Stage 2 awards a seat in Sunday’s “$2,500,000 Stage 1R/A 50 Seat”, where the top 50 players will be rocketed into the massive $2.5m Guaranteed.

    Score a Royal Flush with your pocket cards on any real-money Texas Holdem ring game at CarbonPoker.com and you will receive a bonus of 100 x the big blind!

    Written by Donna Norman · Filed Under Online Gambling News, Poker News, Titan Poker 

    Titan Poker Satellites Reward Twofold For Online Poker Player

    August 22, 2008

    Titan Poker has been promoting some major tournament Satellites of late, and Austrian online poker player Michael Schwaiger has made the most of it, not winning just one exceptional Satellite competition, but two.

    Schwaiger has landed himself an all-expense paid trip and buy-in to the illustrious Sun City Million Dollar Poker Tournament in South Africa, as well as a seat in the most lucrative online poker tournament in the history of Titan Poker; a $2.5 million guarantee. Both events are scheduled to kick off in September.

    Palace of the Lost City Hotel, Sun City, South Africa

    Palace of the Lost City Hotel, Sun City, South Africa

    The $10,500 prize package to the Sun City Million Dollar Poker Tournament includes the Main Event buy-in, seven-night luxury hotel accommodations at the Palace of the Lost City Hotel (pictured), ranked among the world’s most extraordinary hotel lodgings. A week’s free entry to the hotel’s Spa is included, along with a few other perks, like golfing, a hot air balloon ride and tickets to ‘Let There Be Rock’. $2,500 of the prize package is provided for travel expenses and extra spending cash.

    “A dream became complete with this win!” exclaimed an elated Michael Schwaiger after his triumphant victory. “To participate at the biggest poker tournament in Africa is, for me personally something very special. To stay in one of the most beautiful hotels in the world is almost inapprehensible.”

    Upon returning from this impressive vacation package, Schwaiger’s thrill ride continues as he will attempt to battle it out with the best of the online poker world by competing in the Titan Poker $2,500,000 Guarantee, the largest prize pool in the history of the online poker room.

    “Thanks to Titan Poker for affording me entry to these events,” Michael very appreciatively - and surely still in awe of his new-found situation - expressed. “More than this, congratulations to Titan Poker that it has such a large assortment of tournaments to offer.”

    Some of the Titan Poker tournaments Schwaiger was likely alluding to would be the upcoming Grosvenor UK Poker Tour (GUKPT) and the 2008 Australia Poker Cup in October. Satellite and qualifiers to these stupendous live poker events are held daily at Titan Poker.

      Written by Donna Norman · Filed Under Online Gambling News, Poker News, Poker Tournament Results, Titan Poker 

      PokerStars Drops “CashRefund” Withdrawal Method

      August 20, 2008

      The PokerStars Payment Services department notified members of the online poker room via email yesterday that PokerStars will no longer be processing withdrawals via the “CashRefund” payment method.

      According to the email, PokerStars members who previously used the “CashRefund” option will need to choose another payment method from the list provided. Cash out methods at PokerStars include NETeller, Moneybookers, ClickandBuy, Direct Bank Transfer, USD Checks and CFT-eligible Visa, Solo and Maestro cards. CFT (Credit Fund Transfer) eligible cards are generally those issued in Europe and Canada.

      The email from PokerStars Payment Services reads as follows:

      We regret to inform you that the “CashRefund” option is no longer available at PokerStars. Please select alternate payment methods to withdraw funds from your account such as paper checks.

      For information, please visit:
      http://www.pokerstars.com/poker/real-money/cashouts

      We are sorry for any inconvenience this may cause you.

      If you have any questions, please email us at any time.

      Regards,

      PokerStars Payment Services

        Written by Donna Norman · Filed Under Online Gambling News, Poker News, PokerStars 

        Chan Poker Closing Its Online Poker Doors August 21st

        August 20, 2008

        Chan Poker, endorsed by the legendary, 10-time WSOP Bracelet winner and back-to-back WSOP Main Event winner (1987-88) Johnny Chan, announced yesterday that it will be officially closing the doors of its online poker room.

        Cahn Poker Closing Statement

        Head over to ChanPoker.com and you’ll find the following notice: “All good things must come to an end… Chan Poker is closing.”

        A link is available on ChanPoker.com, describing the details of the closure, which state “We are sad to inform you that Chan Poker will be ceasing operation effective this Thursday, August 21, 2008. Effective immediately we will no longer be accepting deposits. On August 21 our poker clients will be disabled.”

        Chan Poker goes on to reassure players with a standing account balance that they have nothing to fear. “All withdraw requests will be honored and promptly processed”. Chan Poker has raised the limitations on maximum withdrawal requests to help accommodate players with large account balances in withdrawing their funds.

        Though Chan Poker affirms that they will continue honoring withdraw requests for as long as is necessary, the online poker room encourages players to initiate the process as soon as possible, for their own convenience. Members of ChanPoker.com who wish to request a withdrawal may do so now by following This Link. Once all funds are withdrawn from an account, it will be immediately and closed.

        Chan Poker has not given up on supplying a safe and secure venues for players to play online poker, concluding that “…we are actively seeking a partner to provide a new home that will honor your player point balances.”

        Members of Chan Poker who have any questions or concerns are asked to email Chan Poker at support@chanpoker.com.

        online poker players aren’t the only ones being affected by the closure of Chan Poker. There are thousands of poker affiliates out there who may also be concerned.

        Poker Affiliate World (PAW) sent out an email yesterday to all Chan Poker affiliates, stating that “due to Chan Poker closing down its operations, affiliates should cease promoting Chan Poker from their promotional offerings.

        “Chan Poker has assured that players will not lose any money and affiliates will not lose any of their players. PAW will be working hard with Chan Poker to ensure that all payments are made and hopefully find a solution for any affiliate affected.”

        For more information about the closure of Chan Poker, you can read the actually press release here: http://www.chanpoker.com/closing/

          Written by Donna Norman · Filed Under Gambling Affiliate News, Online Gambling News, Poker Affiliate News, Poker News 

          Pot Limit Omaha Upstaging The Online Poker World

          August 18, 2008

          Since the advent of online poker, Texas Hold’em has been the irresistible reigning king of the industry. Omaha Hold’em was always the distant second, barely visible on the horizon by comparison. As of lately, though, it would seem Pot Limit Omaha is making more than a respectable mark on the online poker industry.

          Pot Limit Omaha has closed the enormous popularity gap, becoming what some have called a current “fad”. Especially at high stakes cash tables, more and more players – including the most esteemed pros – have put their Texas Hold’em play on the back burner to partake in Pot Limit Omaha games.

          With that said, let’s go over a brief description of how to play Pot Limit Omaha.

          Omaha is played in the same manner as Texas Hold’em, using Small Blind and Big Blind bets, Hole Cards and Community Cards. The only real difference is the way Hole Cards and Community Cards must be combined, and of course the ‘Pot Limit’ restrictions.

          Players get 4 Hole Cards to start, not just two. The usual 5 Community Cards are dealt to the table as a hand progresses. However, each player must combine exactly 2 of his own Hole Cards with exactly 3 Community Cards to develop the strongest possible hand.

          The Pot Limit rule defines the maximum wager that can be placed at any given time. The minimum wager is always equal to the Big Blind. The maximum bet/raise is always equal to the current size of the pot. For example, if the pot has $5 in it, the max bet/raise is $5. If $5 is placed, the pot raises to $10, dually raising the max bet/raise to $10.

          As in most any other poker variant, the player with the strongest hand after the last betting round wins the pot.

            Written by Donna Norman · Filed Under Online Gambling News, Poker News, Poker strategy 

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