The Kahnawá:ke Gaming Commission ("KGC") and its agents, having viewed the CBS News item entitled "The Cheaters", extends the following clarification and information which, although provided to the show's producers, had been left out of the storyline.1. The Ultimate Bet ("UB") cheating was initiated while UB was owned and operated by Excapsa (a public company whose Board of Directors included several high-profile Canadians). Pursant to a settlement agreement finalized in November, 2008, Excapsa agreed to pay Tokwiro ENRG US $15,000,000. [Author's Note: Among the 224 Excapsa shareholders, many of whom were identified during the firm's liquidation proceedings, were David Peterson and Norman Inkster. Peterson is the former Liberal Party Premier of Canada's Ontario province who at one time served as Excapsa's non-executive chairman, and Inkster was a former chairman of the Royal Canadian Mounted Police. Both held public roles with Excapsa and were identified with the company prior to its sale to Tokwiro ENRG in 2006.]
I use a poker analogy to describe current situaiton in Ottawa.
The Liberals are all in, but won't show their down cards, they want the dealer to let them win the hand.
Posted by: Shamrock at December 3, 2008 5:43 PMThe stain that just won't go away - "Librano".
What an excellent moniker they have earned to soil their brand forevermore.
Posted by: Justacanuck at December 3, 2008 5:46 PMAs I have said before. This Countries Political institutions have been so comprimised with corruption in the 40 years odf Socialist pillage. Most Canadians even after the Coup attempt, would not believe it if shown. They would end up in toxic shock.
Posted by: Revnant Dream at December 3, 2008 5:48 PMMy screensaver is still the Librano one from Ezra Levant and the Western Standard. Great journalism.
Posted by: ed at December 3, 2008 5:56 PMSo now you can be held liable for the actions of a public company of which you are a shareholder? Pure brilliance Kate...
Posted by: Devin Maxwell at December 3, 2008 6:06 PMNo, Devin, but how about if you were on the board of directors? Surely BOD members should be responsible, no?
Too smart to click the links, eh lad?
Posted by: Yukon Gold at December 3, 2008 6:25 PMNo, Devin, but how about if you were on the board of directors? Surely BOD members should be responsible, no?
Too smart to click the links, eh lad?
Posted by: Yukon Gold at December 3, 2008 6:25 PMThe only poker site I would trust with money is Ladbroke's in the UK ... I've won tournaments on that site and received the money without any irregualarities.
Ultimate Bet recently dropped all of their freerolls that would lead towards cash tourneys. I only played for free on UB and had built up a provisional cash account of what they called "conditional bonus cash" which would be cash winnings added onto deposits. Otherwise, I noticed a pattern that you could qualify for cash tournaments once a week but almost inevitably you would be unable to progress to final tables of those. This made me suspicious that UB was running a scam of some kind trying to encourage good players to invest on the site, and then taking that money (along with the meaningless bonus money) in games like the ones described, where house opponents know what you're holding and possibly also what will be dealt out.
Ladbrokes on the other hand has no history of cheating allegations and regularly sponsor internet tournaments that seem to have quality winners who then go on to do well in live poker events. This is a sign to players that the on-line tournaments are legitimate and the site makes a big deal about collusion monitoring.
They also make lots of money from their operations because the poker is designed to leave them a rake, splitting a known percentage among winners, while their sports lottery set-up is very unlikely to fail from their point of view, but there again, does pay off reliably when you win. They even give you tie odds on NHL games that go into overtime, not after five minutes, which gives a sports lottery bettor on this side of the Atlantic two different set-ups and really improves your overall odds (you can win there and here with the same score and two different bets, any game where somebody scores in overtime will pay off on both systems with two different bets, and as you could calculate, having that many double payoffs almost overcomes risk entirely).
Posted by: Peter O'Donnell at December 3, 2008 6:47 PMNobody cheats much worse than the sports payouts of the Western Canada Lottery Corp.
A six game over/under I looked at years ago paid a measely 17 times the bet.
When they started years ago, six gamers were paid at 40 times the bet.
Nowadays, it's like stealing.
No wait - that is stealing, but since it is a govt it is legal.
Ok that makes all the difference.
Who the hell do they think are, the CWB?
Posted by: rockyt at December 3, 2008 7:10 PMYukon, Devin didn't even need to read the links. The info is in the preamble. BTW, Devin - if you're a director of ANYTHING you are accountable all of the activities.
Posted by: the bear at December 3, 2008 7:31 PMNot only am I not to lazy to click the links, I also have the energy to look into the role of a "non-executive chairman". Here is what I found...
A non executive chairman is a part time office holder who sits on and chairs the main board of a company, and also usually provides support and advice to a chief executive officer. This position usually entails fulfilling a similar function on a number of ancillary board committee, as well as being a political figurehead of the company.
Political figurehead of the company...interesting.
Posted by: Devin Maxwell at December 3, 2008 7:33 PMMore "Birds of a feather" behaviour from LIberals.
Posted by: OMMAG at December 3, 2008 9:16 PMHeh..Rocky T. You need to convert to online my friend. I used to play pro-line too, then got shown online. Better odds, can bet on a single game. Parkerbets.com, affiliated with parterpoker.com..been there over a year..solid as they come
Posted by: mcbeaner at December 3, 2008 10:37 PMGrrr...partybets.com...partypoker.com...dang typing
Posted by: mcbeaner at December 3, 2008 10:41 PMThanx mcbeaner
Aha, so I'm not the only one with 4 thumbs!
I cooled off betting lately (damn politics keeps taking up my time, heh) but will probably give it shot again one of these days.
I've played on half a dozen sites and in my opinion they are ALL rigged.
I was falsely accused of collusion on Paradise Poker and one of my accounts was deactivated. I was winning big on my other account until they "flipped a switch" on me and I dropped from $2400 to nothing in four hands. Then I was immediately booted off and banned.
PokerStars is called "River Stars" for the amazing 1 & 2 outers or the perfect-perfects they deal.
Once on Ultimate Bet, I led a tournament from the very first hand down to the bubble: 11 players left. The top 10 would play the final table in Aruba. I played no hands, expecting some Bubble Boy to bust out. Four times in a row, the bubbler won even though they were at least 2.5 to 1 dogs. Then after the blinds and antes chewed me up, I was dealt big pairs three times in a row. Despite being at least a 2.5-1 favorite, I lost all three times and busted out in 11th place. If only one out of seven hands had gone to the big favorite, I would have played in Aruba for a minimum of tens of thousands of dollars.
Let me regale you with the most horrendous bad beat in poker history, on Ultimate Bet.
I'm on a 20/40 Holdem game. I'm dealt TT on the button. The blind is raised and reraised to me. I take a risk and call, but the Small blind caps it and BB calls. So we've got five players seeing the flop for four bets each. I'm worried about bigger pocket pairs.
The flop is T88. Bingo! I figure I'm up against AA, KK, QQ and it's pay day.
Sure enough there is action. SB bets, next guy raises, a call, I reraise, SB caps it, BB folds. The others call. Four people in with four big bets.
The turn is an 8. Unless I'm up against an 8, I'm good, but who would do that kind of raising with an 8? SB bets, a fold, I raise, SB re-raises, and the other guy calls. I begin to worry that SB went crazy with only an 8, but I have to call the third bet because my tens full of eights will beat eights full of aces. Three guys in with three big bets making a pot of 35 big bets.
SB didn't have the 8, because the case 8 came on the river! The board now reads T8888.
It was a perfect-perfect counterfeit, so I'm beat if anyone is holding a J, Q, K, or A.
Everyone checks! Are none of them holding an A?
SB shows J4 offsuit, the other guy mucks, and SB takes down a $1400 pot!