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The game went live almost a month ago, but PartyPoker just made it official with a press release this week: Double Hold’em has landed. The new poker variety is available at both real and play money tables and should prove to be a fun change of pace for even the most devoted Texas Hold’em players.
In Double Hold’em, players are dealt three hole cards rather than the traditional two. After the flop, one of the three cards must be selected as the “point” card (unless the player opts to fold, of course). This point card is then physically moved in between the other two cards and pushed up slightly, creating a triangle of sorts with the three hole cards. The point card is now used to create dual two-card starting hands, one with each of the other hole cards. The two non-point cards do not play together. At showdown, just like in regular Hold’em, the player with the best five-card hand wins and either pair of hole cards can be used to make the best hand. The betting rounds play the same as Hold’em: pre-flop, flop, turn, and river.
Let’s go through an example. Say you are dealt 6h-Ac-5c. You decide to play this hand, so you call pre-flop and see a flop of 3s-4h-Kc. At this point, PartyPoker will give you a few seconds to set your point card. In this case, it looks like you’ll want to at least put the 5 and 6 together so that you have an open-ended straight draw, so the logical option is to make the 5c the point card. With your rearranged hole cards reading 6h-5c-Ac, you now have two sets of cards to run with: 6-5 off suit, which gives you the aforementioned open-ended straight draw, and Ac-5c, which gives you a backdoor flush draw. The 6h and Ac have nothing to do with each other from here on out.
After a round of betting, the Qc falls on the turn, giving you a club flush draw (Ac-5c) to go along with your open-ended straight draw (5c-6h). Another betting round ensues and then the river is dealt: 2d. Using the 5c-6h, you hit your straight. Your busted flush draw doesn’t matter. One more betting round and the cards are flipped over, just like in standard Hold’em.
Double Hold’em was created by E. Mark Gross and Zvi Lando, CEO and CFO, respectively, of TableBrain. In an exclusive blog post at PartyPoker.com, Gross billed Double Hold’em as giving players “more playable hands, more action, and bigger pots! It’s a poker game built by poker fans for poker fans.”
Gross wrote that he and Lando created the game back in 2006, but it took a long time to refine the concept and get it just right in order to achieve their goal of creating “fun, intelligent games that allow players to have more continuous action and decisions at the table.”
TableBrain has also developed a video poker version of the game, which it calls EZ Double Hold’em. There are two variations of this. One is the standard video poker-style game in which a player places a bet before the cards are dealt with no further betting; the other is similar to the live game, with betting rounds at the start, prior to setting the point, after the flop, and after the turn. EZ Double Hold’em can be played for free on TableBrain’s website.
According to industry monitor PokerScout.com, PartyPoker ranks third in terms of cash game traffic behind PokerStars and Full Tilt Poker. PartyPoker had been in a tight battle with the iPoker Network, but has recently gained some separation. It owns a seven-day average of 4,250 cash game players versus iPoker’s 3,650. They are both comfortably ahead of the Ongame Network, but light years behind Full Tilt, so it appears that the two will be jockeying for the third spot for quite some time to come. (Credit: Poker News Daily)
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Tuesday, January 11, 2011
Sunday, January 9, 2011
Poker News Media: Win a poker trip to the Philippines with PKR - 7th January 2011
PKR.com the world's most popular 2D and 3D online poker room has done it again.
It's back and it's better than ever!
Book your seat at the APT Philippines 2011 with PKR.com and you could be soaking up the sun and winning huge cash prizes.
Qualifiers are rolling right now from just $2.08 that lead to weekly final satellites where one in every 25 entrants will win $5,000 packages to this amazing event.
PKR.com also offer a host of other world class online poker promotions and now also a wide variety of online slot games and sports betting facilities.
PKR.com have a number of awards and commendations to their name including EGR Poker Operator of the Year Award 2010 and Media Man and Casino News Media 'Online Poker Room Of The Month' - December 2010.
Press Release
PKR.com Wins EGR Poker Operator of the Year Award
LONDON, UNITED KINGDOM - Dec 8 2010 - Next-generation poker room PKR.com celebrates another big win after picking up the highly sought after Poker Operator of the Year at the 2010 E-Gaming Review Awards ceremony that took place in London recently.
Fighting off a strong field which included household names such as PartyGaming, 888 and William Hill Online, judges praised PKR for demonstrating how originality and constant innovation could build a successful business in the face of liquidity challenges. The award also means that PKR is the holder of both major industry Poker Operator of the Year awards, having won the IGA version in January this year.
Malcolm Graham, CEO of PKR said; "The EGR Awards are very important for the online gaming industry and it is a fantastic achievement for PKR to have won this prestigious award. 2010 has been an astounding year for us and we look forward to adding this title to this year's portfolio, which also includes the top spot in the Sunday Times Tech Track 100."
The E-Gaming Review Awards ceremony took place at the Honorable Artillery Company in the heart of London on 24th November 2010. The event was hosted by comedian Jack Whitehall, and was attended by over 800 people from the gaming industry.
Founded in 2004 by serial entrepreneur Jez San, PKR is headquartered in Camden, London and now employs over 100 staff. It has over 4 million registered users and has won numerous awards including 'Hotshot Operator of the Year' at the 2008 E-Gaming Review Awards, 'Poker Operator of the Year' at the 2010 International Gaming Award and the UK's fastest growing technology company in the 2010 Sunday Times Tech Track 100.
About PKR (www.pkr.com)
PKR is a revolutionary new concept in online poker that has changed the way the game is played.
Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR brings an unparalleled and previously unseen level of realism to online poker.
Developed by some of the brightest stars in the video games and poker industries, PKR continues to be the most innovative poker room in the world.
For more information on PKR, please visit www.pkr.com
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It's back and it's better than ever!
Book your seat at the APT Philippines 2011 with PKR.com and you could be soaking up the sun and winning huge cash prizes.
Qualifiers are rolling right now from just $2.08 that lead to weekly final satellites where one in every 25 entrants will win $5,000 packages to this amazing event.
PKR.com also offer a host of other world class online poker promotions and now also a wide variety of online slot games and sports betting facilities.
PKR.com have a number of awards and commendations to their name including EGR Poker Operator of the Year Award 2010 and Media Man and Casino News Media 'Online Poker Room Of The Month' - December 2010.
Press Release
PKR.com Wins EGR Poker Operator of the Year Award
LONDON, UNITED KINGDOM - Dec 8 2010 - Next-generation poker room PKR.com celebrates another big win after picking up the highly sought after Poker Operator of the Year at the 2010 E-Gaming Review Awards ceremony that took place in London recently.
Fighting off a strong field which included household names such as PartyGaming, 888 and William Hill Online, judges praised PKR for demonstrating how originality and constant innovation could build a successful business in the face of liquidity challenges. The award also means that PKR is the holder of both major industry Poker Operator of the Year awards, having won the IGA version in January this year.
Malcolm Graham, CEO of PKR said; "The EGR Awards are very important for the online gaming industry and it is a fantastic achievement for PKR to have won this prestigious award. 2010 has been an astounding year for us and we look forward to adding this title to this year's portfolio, which also includes the top spot in the Sunday Times Tech Track 100."
The E-Gaming Review Awards ceremony took place at the Honorable Artillery Company in the heart of London on 24th November 2010. The event was hosted by comedian Jack Whitehall, and was attended by over 800 people from the gaming industry.
Founded in 2004 by serial entrepreneur Jez San, PKR is headquartered in Camden, London and now employs over 100 staff. It has over 4 million registered users and has won numerous awards including 'Hotshot Operator of the Year' at the 2008 E-Gaming Review Awards, 'Poker Operator of the Year' at the 2010 International Gaming Award and the UK's fastest growing technology company in the 2010 Sunday Times Tech Track 100.
About PKR (www.pkr.com)
PKR is a revolutionary new concept in online poker that has changed the way the game is played.
Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR brings an unparalleled and previously unseen level of realism to online poker.
Developed by some of the brightest stars in the video games and poker industries, PKR continues to be the most innovative poker room in the world.
For more information on PKR, please visit www.pkr.com
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Saturday, January 1, 2011
Poker News Media: Gibraltar Raises Taxes on Online Gambling Companies
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The British territory of Gibraltar has announced that it will be drastically inflating its taxes on all online gambling firms starting in January, a decision that could prove costly for several online poker sites. Online gambling companies are currently paying just a 1% tax in Gibraltar, with a ceiling of £425,000, but starting next month, they’ll be forced into the same 10% tax rate as other Gibraltar businesses pay.
Gibraltar has been an ideal location for many online gambling sites due to the low tax rate and has become something of an “online gambling capital” as a result. Poker rooms such as PartyPoker and 888poker currently hold their headquarters in the territory and the online bookmakers Ladbrokes and William Hill made the move to Gibraltar in 2009 – a decision that was expected to cost the Treasury of the United Kingdom about £12 million per year.
Gibraltar’s first minister, Peter Caruana, said the tax increase has been called for by Gibraltar government’s decision to conform to European law. "To comply with EU law, we must phase out the tax exempt company in 2010," Caruana said. "However, in order to sustain our successful economic model, we must retain a commitment to a very competitive corporate tax model."
PartyGaming, which owns and operates PartyPoker from Gibraltar, recently released details concerning its long-awaited merger with online gambling giant bwin. PartyGaming said in a statement that it would keep its headquarters in Gibraltar while bwin continues to operate in Austria. Whether the news of the tax increase changes those plans remains to be seen. "We’ve known about this for some time and we’ve factored it in," said PartyGaming spokesman John Shepherd. "The tax is still going to be very low."
According to a report in The Guardian, while online companies will now pay the standard 10% tax rate paid by other businesses, they will still not be subjected to any Value Added Tax (VAT), meaning that Gibraltar will remain an attractive setting for gambling companies. VAT is a consumption tax only on the "value added" to a product, material or service – similar to the state sales tax that most U.S. residents pay.
Many experts seem confident that the tax increase won’t cause companies like PartyGaming to flee to other locations. Victor Chandler, Chairman of independent bookmaker Victor Chandler International, expressed his assurance in an interview with regional newspaper El Pais: "Nobody will leave, although we’ll all complain about the tax going up." Chandler began his U.K.-based company in 1946 that does much of its business online, including sports betting, casino games, and poker.
The decision will likely add up to big things for Gibraltar in the near future. Under the current 1% tax rate, Gibraltar collected £10.5 million in revenue from online gambling taxes in 2009. So long as online gambling firms decide to stay put, the government can expect to see that number magnify in the coming years.
Online gambling has proven to be an extremely important source of revenue for Gibraltar and it is believed that 2,000 people currently work in the sector, which is around 12% of the island’s workforce. The industry has also helped to protect the local economy against neighboring Spain’s harsh economic conditions. Of Gibraltar’s 30,000 residents, only 600 (2%) are unemployed. The bordering Spanish city of La Línea de la Concepción is estimated to have 10,000 of its 65,000 inhabitants (15%) out of work. (Credit: Poker News Daily)
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The British territory of Gibraltar has announced that it will be drastically inflating its taxes on all online gambling firms starting in January, a decision that could prove costly for several online poker sites. Online gambling companies are currently paying just a 1% tax in Gibraltar, with a ceiling of £425,000, but starting next month, they’ll be forced into the same 10% tax rate as other Gibraltar businesses pay.
Gibraltar has been an ideal location for many online gambling sites due to the low tax rate and has become something of an “online gambling capital” as a result. Poker rooms such as PartyPoker and 888poker currently hold their headquarters in the territory and the online bookmakers Ladbrokes and William Hill made the move to Gibraltar in 2009 – a decision that was expected to cost the Treasury of the United Kingdom about £12 million per year.
Gibraltar’s first minister, Peter Caruana, said the tax increase has been called for by Gibraltar government’s decision to conform to European law. "To comply with EU law, we must phase out the tax exempt company in 2010," Caruana said. "However, in order to sustain our successful economic model, we must retain a commitment to a very competitive corporate tax model."
PartyGaming, which owns and operates PartyPoker from Gibraltar, recently released details concerning its long-awaited merger with online gambling giant bwin. PartyGaming said in a statement that it would keep its headquarters in Gibraltar while bwin continues to operate in Austria. Whether the news of the tax increase changes those plans remains to be seen. "We’ve known about this for some time and we’ve factored it in," said PartyGaming spokesman John Shepherd. "The tax is still going to be very low."
According to a report in The Guardian, while online companies will now pay the standard 10% tax rate paid by other businesses, they will still not be subjected to any Value Added Tax (VAT), meaning that Gibraltar will remain an attractive setting for gambling companies. VAT is a consumption tax only on the "value added" to a product, material or service – similar to the state sales tax that most U.S. residents pay.
Many experts seem confident that the tax increase won’t cause companies like PartyGaming to flee to other locations. Victor Chandler, Chairman of independent bookmaker Victor Chandler International, expressed his assurance in an interview with regional newspaper El Pais: "Nobody will leave, although we’ll all complain about the tax going up." Chandler began his U.K.-based company in 1946 that does much of its business online, including sports betting, casino games, and poker.
The decision will likely add up to big things for Gibraltar in the near future. Under the current 1% tax rate, Gibraltar collected £10.5 million in revenue from online gambling taxes in 2009. So long as online gambling firms decide to stay put, the government can expect to see that number magnify in the coming years.
Online gambling has proven to be an extremely important source of revenue for Gibraltar and it is believed that 2,000 people currently work in the sector, which is around 12% of the island’s workforce. The industry has also helped to protect the local economy against neighboring Spain’s harsh economic conditions. Of Gibraltar’s 30,000 residents, only 600 (2%) are unemployed. The bordering Spanish city of La Línea de la Concepción is estimated to have 10,000 of its 65,000 inhabitants (15%) out of work. (Credit: Poker News Daily)
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