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PokerShares Launches

'TIMEX ' MCDONALD STARTS STAKING AND BETTING WEBSITE
 
Multi-purpose enterprise gives users a place where they can engage with a range of services from staking top players to making prop bets.
 
High profile and respected poker pro Mike "Timex" McDonald has revealed details of his new PokerShares online enterprise, where users can buy stakes in any poker player, in any tournament along with a range of other betting services that includes creating prop bets, betting on friends or other players, and in short gamble on anything to do with poker.
 
In an interview with Poker Listings, McDonald said that the site would present players with lists of players they can invest or gamble on, but also caters for users who exclusively request a specific player not on the PokerShares lists.
 
The 'price' on a player is dependent on how much information PokerShares has available, and it uses research and its contacts to amass that sort of information.
 
The players being bet upon are not involved in the transaction, which is between PokerShares and the user....with no middle man.
 
"With us, there’s no middle man between the buyer and the seller. We are the seller. We create the share you want and then sell them to you without anyone else involved," McDonald explained.
 
The deposits of users who place bets on the site go to a dedicated bank account from which winnings are paid to the user if he or she is successful. McDonald said that he has thus far secured processing from Skrill and WireTransfer, with Neteller a work in progress, but has plans to integrate Bitcoin transactions as well.
 
McDonald emphasized that the project has set aside reserve funds to cover pay-outs in the event of major wins, observing that even if hypothetically the project loses a million dollars on each of five bets, the enterprise would still be "in a fine position".
 
"The amount of money that people have invested in this project is pretty substantial and goes well beyond the scope of just me and my business partner," he said.
 
PokerShares' mark-up on the transaction is estimated on its operators' expertise in the game, considering win rates, rakes, structures and the players' track records.
 
Partnering McDonald is Veron Lammers, an accomplished online high stakes poker player and coach with a relatively low personal profile.
 
Giving examples of the sort of prop bets he is currently accepting, McDonald cited who will win the Brains vs Libratus AI game  or when Joe Ingram finishes his book.
 
"We’re planning on taking any bet; anything gambling in poker we want people to be able to get in on," he said, adding that he and his partner have been careful to ensure compliance with the law.
 
"We’re not taking any chances and we’re setting this up in the most legitimate way possible," he said.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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