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THE PLANET'S biggest virtual poker room PartyPoker.com has moved into the new year with a new tournament concept
Published: 2005-01-01
 POKER
Independent, The (London), January, 2005 by Nic Szeremeta
THE PLANET'S biggest virtual poker room PartyPoker.com has moved into the new year with a new tournament concept which it has named Steps. Recognising that not all players have the same size bankrolls and that the amount they wish to risk varies, the site has launched a competition which can be entered at several different levels.
Two types of no-limit hold'em event are on offer - either single- table affairs or multi-table competitions. The buy-ins for both are the same. At the bottom end of the buy-in scale entry costs just $11. At the top end, step five where the money is paid out, the buy- in is $1,000. In between, in steps two to four, the entry costs $50, $200 and $500.
The idea is that players can join in at any level to suit their pockets. At each step participants can win seats at the next level. For example, at the $200 step survival into the last three from a table of 10 wins a place at a $500 table.
The rewards for success are considerable for the small bankroll brigade. In the single-table series the prize pool is $10,000 with the winners collecting $4,500 and the multi-table series pays a $9,000 first prize - not bad for $11.
One thing the innovative concept underlines is the scope for new ideas which are possible on the internet but impossible in a land- based poker room.
If a "real" card room were to run such an event it would need to be the size of the Albert Hall and a staff the size of the audience at the proms. Online, though, it is no problem. What is a problem, though, is how to get in the money.
With such a serious amount on offer 24/7 the strategists have not been slow to work out the optimum methods of play. They're key consideration appears to be that survival is more important than winning pots.
The tournaments begin with players having 1,000 each in chips and the blinds at the 10-15 level moving to 15-30 for the next round.
One expert recommends not entering any pot at these first two levels unless the player holds either K-K or A-A. Even pocket queens or A-K are regarded as a tricky proposition.
Part of the idea is to hang on to ones chips until the blinds increase to 100-200 - and then go on a stealing spree, raising on every opportunity to force the opposition to pass.
The other part is to let looser opponents weaken their chip positions by over optimistic play.
Tight is the rule of the day.
Copyright 2005 Independent Newspapers UK Limited
Provided by ProQuest Information and Learning Company. All rights Reserved.
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CryptoLogic Unveils Six-Seated Poker Table Tournament Software Enhancement
Published: 2005-03-31
 CryptoLogic-Network.php>CryptoLogic Unveils Six-Seated Poker Table Tournament Software Enhancement
Business Wire, March 31, 2005
TORONTO -- ALL DOLLAR AMOUNTS IN US$
New SIXPAK(TM) tournament capability offers online players exciting "final table" action in every hand
CryptoLogic-Network.php>CryptoLogic Inc. (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming market, released a new software enhancement that gives online poker players exciting "final-table" action throughout an entire tournament event. The company's new six-person per table tournament capability, offered through its WagerLogic subsidiary, has been branded SIXPAK(TM): Short-handed Internet X-citement.
"Being at the final table of a major tournament is every player's dream, and now CryptoLogic-Network.php>CryptoLogic's software can help online players live that dramatic "final-table" experience - in every hand," said Lewis Rose, CryptoLogic-Network.php>CryptoLogic's President and CEO. "CryptoLogic-Network.php>CryptoLogic's new SIXPAK(TM) feature helps enhance licensees' tournament strategy, expand their poker offering, and provide their players with a great primer for their next major online or land-based tournament."
Players can join in the SIXPAK(TM) action and build up their skills for "final-table" finishes at some of the world's top Internet gaming sites, including williamhillpoker.com, betfairpoker.com, interpoker.com, littlewoodspoker.com, classicpoker.com, ukbettingpoker.co.uk, theritzclublondon.com, sunpoker.com, totalbetpoker.co.uk, and pokerplex.com.
"Tournaments are a huge marketing draw, and players love the excitement of the final table - CryptoLogic-Network.php>CryptoLogic's new SIXPAK(TM) tournament software is taking that excitement up a notch," said Andy Goetsch, CryptoLogic-Network.php>CryptoLogic's Vice President, Poker Software Development. "SIXPAK(TM) events play as if you are at the final table from beginning to end, which will get the hearts of online players beating just a little faster."
CryptoLogic-Network.php>CryptoLogic's new six-seated poker tournament feature is the latest enhancement to its software that powers one of the top five revenue-generating poker sites in the world, according to PokerPulse.com, an independent research site. Its licensees' central poker room attracts more than 5,400 simultaneous online players from more than 120 countries, with a total average cash pot of $18 million won daily and 200,000 hands of poker dealt daily.
The Internet poker industry has grown dramatically, and the global market is at an annual run rate of $2 billion today - up from $100 million just two plus years earlier. CryptoLogic-Network.php>CryptoLogic is advancing its market leadership in online poker by investing in strong partnerships with trusted, brand name licensees, and in product development and system scalability to the meet the needs of the online players.
About CryptoLogic-Network.php>CryptoLogic(R) (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic-Network.php>CryptoLogic Inc. is the world's largest public online gaming software developer and supplier. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic-Network.php>CryptoLogic, is responsible for the licensing of its gaming software and services to an internationally-recognized blue chip customer base worldwide. For information on WagerLogic(R), visit www.wagerlogic.com.
CryptoLogic-Network.php>CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol:CRY), on the Nasdaq National Market (symbol:CRYP), and on the Main Market of the London Stock Exchange (symbol:CRP).
CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
CryptoLogic-Network.php>CryptoLogic Inc. (TSX:CRY) (NASDAQ:CRYP) (LSE:CRP)
COPYRIGHT 2005 Business Wire
COPYRIGHT 2005 Gale Group
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