As most of you may know. . . Congress passed a bill last Friday that prohibits financial institutions from funding online gambling sites. Obviously, this is not good for online poker. This news made a lot of us in the poker community worried, and unsure of what the actual impact would be. Then the biggest pokersite around, Party Poker, announced that they will be closing their doors to all US players. That pretty much sent everyone into Apocalyptic mode. But now, with a few days of panic under our belt, it looks like things are going to be OK. Even though Party has bailed, there are a few good sites that are stepping up & saying they will stick around (Full Tilt, Bodog, UB and others). Some sites, like PokerStars, are still undecided.
This Bill does not address the legality of playing poker or making online bets. It only deals with banks and pokersites transferring money. Basically there are pokersites & online banks that are not US businesses and don't feel like they are governed by US laws.
For me personally. . . I'm hoping that the changes to my poker playing will be minimal. Instead of me playing the majority of my SNG & cash games at Party, I'll soon be doing that somewhere else. Where will that be? I don't know yet. A lot depends on what PokerStars decides. They are the 2nd biggest site out there, not far behind Party. If they decide to keep their doors open to US players then they will undoubtedly be the most popular site. If they leave then Full Tilt will prolly be the next big site. We'll see what happens. For me to maximize my winnings, I need to go where the masses go.
Enough about that. . . on to my September results. It was another good month, just no big MTT scores since I only played a few. I don't know yet what my rakeback totals will be, but I'm estimating them at $600. That will put me over $8300 for the month with ~45 hours played.
Cash Games (all 600NL & 1000NL): $3490
SNGs (109s & 215s): $4445 w/ a 13.7% ROI
MTTs (only played 5): -$186
Rakeback: $618
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September Totals: $8367
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