Be More Successful story with the Right Poker Money Management

April 28th 2011, 13:41 - In case you are wondering why there are so many online poker players broke, well the answer comes easily: because they have a poor money management! In case you are a very good poker player and you can manage your bankroll money well, it’s going to be almost impossible to become broke. In case you are planning to make a living out of online poker, or you just simply want to minimize the risks you have to go broke. One of the first things you must understand is the fact that the winnings that you collect at the poker table cannot be used for anything else but for playing poker and it should be considered to be operating capital. The online..

watch Planet Corp Update Post "Black Friday' news

Big changes since the last update here, I am not going to describe the DoJ indictment of 16th April in this post, since everyone affected already has a million sources of news, views and opinions... instead I'm going to let you know where to find useful articles from around my network of sites. At this point in time there is no easy answer, the best we can hope for is that some kind of leglislation in the US will allow people to play again in the not too distant future. I share the anger and frustration of the many ordinary players affected, at the same time I need to get on with producing articles and quality information for my (growing!) global readership.

First up, I have put together two separate guides for SNG Planet, the first looks at 'Black Friday' from a US players perspective, outlining the choices of site which are still open. The second is from the non-US players perspective... since many people are rightly nervous about playing at Stars and Full Tilt Poker while there are questions about money. Here are the links:

http://www.sitandgoplanet.com/black-friday-special-us-sites-2011.html
http://www.sitandgoplanet.com/black-friday-fallout-for-non-US-players.html

Elsewhere at SNG Planet the big upcoming theme is this year's World Series Of Poker satellites, I expect a marked effect on number of participants in the 2011 Main event without US players being able to get involved in the qualifiers, however there should still be 1000's involved and millions ($5 million+??) for the winner... and yes, I do expect the satellite qualifiers at Full Tilt and Stars to be softer without the US players involvement (since the US were more skewed towards serious players and pros, as many casual players already thought that poker was illegal).

Anyway, here is the main WSOP page:

Elsewhere on the network we are working on videos for the Russian version of SNG P and have some new material at Omaha Planet. I am slowly getting through the list of sites with refreshes and updates, as you can imagine this is a long list and a lot of updates for each one. For example Rakeback-Planet (with the dash) was heavily promoting Full Tilt rakeback and now has to quickly switch to Carbon Poker!

On the casino side there are more plans than actions, I am going to be working on this

Online Poker Sites Seized on blog

According to the latest report from the Los Angeles Times, the top three online poker sites were shut down and seized by the FBI for money laundering activities. PokerStars, Full Tilt Poker, and Absolute Poker have been shut down and the websites now only offer a FBI and Department of Justice notification that the poker game is over…

The founders of the three largest online poker sites were indicted on Friday in what could serve as a death blow to a thriving industry.

Eleven executives at poker, Full Tilt Poker, Absolute Poker and a number of their affiliates were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the defendants were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others.



No need to ante up for the next poker hand anymore. That is unless you would like to play a few hands of poker with an FBI agent for coffee money. You can read the full indictment