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Cafrino & NLOP

Cafrino Announces Key Acquisition of National League of Poker (NLOP)

NEW YORK (PRWEB) August 30, 2017

Cafrino has dramatically expanded its reach in the online poker world after acquiring National League of Poker (“NLOP”).

National League of Poker is well-known in the social and online poker space. NLOP has been servicing those online poker players who were left without options following the federal government’s crackdown on online gambling. Like Cafrino, NLOP is free-to-play and pays players cash prizes, which are derived from its advertising revenue. In addition, NLOP offers a subscription model and downloadable applications.

“It’s a fantastic addition to what we’ve been doing with Cafrino,” said Mike Murphy, Chief Executive Officer of Cafrino. Murphy, who headed NLOP before joining Cafrino, added: “The acquisition of such a quality product, with over 1.3 million users, makes this an amazing deal. When originally running NLOP from 2013-2014, we had big plans. I’m excited to get the chance to pick up where we left off.”

The acquisition means Cafrino, with bases in New York and California, has dramatically increased its daily and monthly active users. Since its launch in 2006, NLOP.com has undergone consistent and ongoing development. The current plan is to run Cafrino.com and NLOP.com separately, promising to introduce innovation to both these products in due course.

Cafrino Chairman Haig Kayserian, who negotiated the deal along with company CEO Mike Murphy and General Counsel John Buckman, was delighted at the opportunity the acquisition presents their online poker startup.

“Cafrino has been on a steady growth path under the leadership of our CEO Mike Murphy, and this acquisition of National League of Poker represents the exact push we needed to accelerate that growth,” Kayserian said.

Stan Hunting, who has headed NLOP since Murphy’s departure, joins Cafrino as part of this acquisition. Hunting will assume the VP of Ad Operations role.

Murphy said: “Stan and I worked closely at NLOP, and he brings valuable expertise in ad operations, which will greatly benefit the Cafrino team.”

About National League of Poker (“NLOP”)
Launched in 2006, NLOP has become recognized as the leading destination site for prized-based, free-to-play, legal online poker. NLOP enables players to win cash and prizes hourly, daily and weekly with no financial risk — players never lose money! Players at NLOP enjoy a unique social gaming experience. NLOP has over 1.3 million registered users and has awarded over $5 Million in Cash & Prizes to date.
http://www.NLOP.com

About Cafrino
Launched in 2014, Cafrino is an online poker destination, designed and run by poker players. With an experienced and lean team, and a fast-growing player base, Cafrino has been giving the competition a run for their money. Cafrino continues to look to the future, with a focus on innovation in the social gaming and online poker industries.
http://www.Cafrino.com

Press Contact
Cafrino Public Relations
Cafrino, LLC
press(at)cafrino.com

Original Post: http://www.nbcrightnow.com

Nevada Poker Profits - Best Month Since 2007

Nevada Poker Profits – Best Month Since 2007

Nevada poker rooms raked in $16.67 million in profits from cash games in June, according to the latest numbers released by UNLV Center for Gaming Research, proving once again the “poker is dying” crowd knows not a thing. It was the best month the state had seen since June 2007 ($17.6 million).

That year, Jerry Yang would be going on to win the WSOP Main Event. Poker was near its peak in popularity. Online poker in the United States was thriving (despite the pullout of PartyPoker post-UIGEA). Shows such as High Stakes Poker and Poker After Dark were considered must-see TV.

Internet poker is barely still a thing in America and televised poker no longer airs in primetime on major networks. But it’s clear that hasn’t stopped the game from growing.

Summer Poker Surge

Nevada saw a 3.3 percent profit spike last month compared to June 2016, according to the UNLV data, and the World Series of Poker is bigger than ever, even despite lackluster TV ratings.

Thousands of bracelet hopefuls flock to Sin City each summer to compete in the WSOP, as well as side events and juicy cash games around town. In Las Vegas, June and July are the most profitable months for poker rooms each year.

There are more tables in Nevada during the WSOP than the rest of the year because the Rio adds dozens of cash game tables during the summer. But the WSOP set a 48-year record with 120,995 entries over 74 bracelet events this summer. With so many people in Las Vegas for the Series, it’s no surprise the state saw a spike in poker revenue.

However, that doesn’t mean there haven’t been shifts to keep games profitable for casinos. In June 2017, there were 731 cash game tables in operation in the state, a 10 percent decline compared to the 960 in June 2007. Additionally, the total number of poker rooms in the Silver State has dropped from 104 to 62 over the past decade.

Still Booming?

Another positive sign for the game: poker profits in Nevada in June have increased each year since 2014. The UNLV Center for Gaming Research won’t release July figures until the month concludes, but a third consecutive year of growth seems likely.

Chris Moneymaker’s historic WSOP Main Event in 2003 spiked a poker boom few saw coming. Since that memorable day, the game has had its ups and downs, but it seems in Nevada and elsewhere around the world, we’ll never see popularity levels drop to a pre-2003 era.

The state’s average monthly profit from January 2004 to May 2005 was $9 million. From January 2015 to June 2017, Nevada raked in $9.9 million on average. During the height of the poker boom, 2006 to 2008, monthly profits hit $13 million averages, including non-WSOP months.

Poker is not a dying game. We continue to have numbers to back up that claim.

Source: www.cardschat.com

Put poker skills on the line. You can practice as much as you need on the tables at Cafrino and get all the practice you need while winning real cash!

2017 WSOP

2017 WSOP Officially Underway

2017 WSOP Officially Underway

The 2017 WSOP kicked off Wednesday morning at the Rio All-Suite Hotel and Casino in Las Vegas with the first of 74 events. The 2017 summer series officially got cards in the air with the $565 no-limit hold’em Casino Employees event.

A second event, a $10,000 Tag Team tournament, is scheduled for 4 p.m. and promises to feature a team consisting of decorated Olympian Michael Phelps, along with high-stakes poker pros Antonio Esfandiari, Brian Rast and Jeff Gross.

But before the notables showed up, the registration line was filled with hopefuls looking for their shot at poker glory.

Some like Marcus Perez, who does facilities maintenance at the Bay 101 Casino in San Jose, California, are hoping to improve on a past finish.

“I’m just coming to try and bink some money,” Perez said. “This is my third try, after cashing the first time. I don’t get to play too many tournaments, but for the World Series of Poker, I’m going to try and make it out.

Others, like Ray Ragawski from Chicago, Illinois, are playing in their first ever event.

“I’ve always liked the action, but never got to play.” Ragawski admitted. “This year I came out to deal, so I figured I’d take a shot in the Casino Employees event.”

The 2016 WSOP hosted the biggest poker series of all time with a record 107,833 entrants from 107 different nations. A total of $221,211,633 was awarded.

The biggest change announced for the 2017 edition came in early May, when Caesars declared that the November Nine concept was finished. Instead, the main event will play down to a winner on July 22.

The tournament schedule has added eight new events, including the aforementioned $10,000 Tag Team, the $365 buy-in Giant, and a $2,620 Marathon tournament. There are also three online bracelet events on the schedule, including a $1,000 no-limit hold’em online championship event starting on July 7.

Check out the full schedule.

As far as quality of life changes for players in 2017, the big difference will be that credit cards will be an accepted form of payment at live registration windows. Credit cards can now be used for buy-ins of up to $10,000 this year, a sizable increase from the $1,500 maximum of 2016.

The Pavilion, Brasilia, Miranda and Amazon ballrooms remain the primary locales for the estimated 500 poker tables to be used this year. Once again there will be around-the-clock tournament, satellite, Daily Deepstack and cash game action on offer at the Rio.
For those advancing past the first day, restarts for 11 a.m. bracelet events are at 12 noon. Events that start at 3 p.m. will restart at 2 p.m. the next day, with 10 or 10.5 levels being played each day until a champion is crowned.

Source: www.CardPlayer.com

 

Continuation Bet

What is a continuation bet?

What is a continuation bet?

Also known as the “cbet,” the continuation bet is bet is gaining popularity at the no-limit Texas Hold’em  tables. It’s easy to pull off and it often works well, and players, from recreational and free poker players, to the most seasoned pros like it because they can learn how to use it quickly.

So what is it exactly a Continuation Bet?

A continuation bet is a bet that you make on the flop if you raised pre-flop, even if the flop didn’t help your hand at all. So if you raised before the flop holding K-Q and you saw the flop bring you 3-8-J, even though you still lack even a pair, you can still up your chances of winning the pot by placing a bet.

Why? Because ⅔ of the time, your opponent won’t make a pair or better either. So if you make a continuation bet, and your opponent folds because they didn’t make a pair or better at the flop, you’ll win more pots on the flop than you would by just checking. This is the basic rationale for the success of the continuation bet.

How do you make a good continuation bet?

First, make your bet the right size. Between ⅔ and ¾ of the existing pot is a good place to start. Is the pot at $20? Then put in $15. If you don’t bet enough, your opponents might call, because their pot odds are good if they are at a draw or if their hand is good at all. You want to make it look like your hand is solid, such as a top pair or even better, scaring the rest out of the pot. If you go over 75%, though, your returns diminish and you’re risking more than you really need to.

Second, take a look at your opponent reads. This will tell you whether a continuation bet is a good idea. If your opponent is an absolute novice, he’s likely to call bets no matter what kind of hand he has. This means that a continuation bet might not make sense, because your competition is too new to realize that he shouldn’t bet every hand. Also, if you’re playing against experts, they also know about continuation bets and may realize what you’re doing, and then they may call or raise you figuring that you just have an iffy hand. If you’re playing against an average group, though, then you can make some money.

How does the flop determine whether or not you should bet?

Let’s say you’re playing a few hand at your favorite poker site and you’re holding A-K and the flop shows up 3-Q-6. Your opponent isn’t likely to call a continuation bet unless they have a pair of kings at least, with the flop. Your opponent does have a 2 in 3 chance of having a pair show up on the flop, but even if they get a pair with the 3 or 6, they still might fold because the size of your bet makes it look like you could beat a pair of 3s or 6s.

If the flop has two of the same suit, though, or if it comes through something like J-K-2, a straight draw becomes more likely, so a call could happen. The continuation bet is most likely to work if they have a strong hand made for them without the draw.

Is it safe for trying at the online poker tables?

The answer is yes. You can start practicing at the play for free poker tables and then move on to real money poker whenever you feel ready. Although, you should always take a look at the flop and consider the likelihood of your opponent making a hand that will allow them to feel comfortable calling a bet. The wetter (more helpful) the flop, the less likely you should be to run a continuation bet with a weak hand.

Put poker skills on the line. You can practice as much as you need on the free online poker tables at Cafrino and get all the practice you need while winning real cash!

AI in Poker

Humans lick their wounds after losing to AI in poker

Humans lick their wounds after losing to AI in poker

WASHINGTON (CNNMoney) — After 20 grueling days, the humans had to admit it.

The best poker player at Rivers Casino in Pittsburgh wasn’t a human, but a machine.

“Libratus,” a computer program created by a Carnegie Mellon professor and student, dominated four professional poker players this month, accumulating a $1,766,250 lead in chips.

“Halfway through the challenge we thought we were going to win,” said Daniel McAulay. “But we really got beat down.”

Less than two years ago, Carnegie Mellon staged a similar poker showdown between four professionals and an AI program. The humans won, earning $732,713 more in chips. Two of those competitors, Dong Kim and Jason Les, returned for this year’s tournament.

The computer’s decisive victory this time is a reminder of the rapid advances in artificial intelligence. A year ago, we saw another artificial intelligence milestone as a Google computer program beat one of the world’s best players at the ancient Chinese game Go.

“This has probably been the most challenging experience in my life,” said Jimmy Chou, who finished second among the humans. (Kim finished first.)

Each of the four humans played one-on-one against the computer system. A total of 120,000 hands of heads-up no-limit Texas hold-em were played.

“If anyone had any doubt about the quality of our technology, I can tell you we tried everything we could,” Les said. “It became very demoralizing showing up and losing this hard.”

The good news for the pro players is that they won’t have to pay up the $1.7 million in chips. Instead, they’ll split $200,000 as a thank you for battling the machine.

The margin of victory even surprised the researchers who developed Libratus.

“I thought we had a decent chance of winning, but definitely not a shoo-in,” said Carnegie Mellon professor Tuomas Sandholm. He developed Libratus along with PhD student Noam Brown.

Sandholm credited Libratus’ improved algorithms, which could better predict how to bet, when to fold, and whether bluffing made sense.

He believes the algorithms could be a game-changer for any game where a player has incomplete information, such as negotiations or auctions. Sandholm said he will probably commercialize the technology.

He sees the technology as a way to improve the world by leveling the playing field, provided that everyone at the negotiation table has access to his technology.

Source: http://www.nbc-2.com

Cafrino Street Team

Join the Cafrino Street Team!

Join the Cafrino Street Team!

As you may know, we love ALL of our Cafrino poker players. But there are those of you that have stood behind us through the thick and thin and have always expressed wanting to do more to help Cafrino become the best online poker site around. We are currently looking for a select group of Cafrino players to help build our Cafrino Street Team. Please review the following items and follow the instructions at the bottom if you are interested in joining the Cafrino Street Team.

What You’ll Get:

  • An inside look at what Cafrino is planning
  • A Cafrino Poker t-shirt, tank top, and/or hat
  • An impact on Cafrino features and feature priority

What You’ll Do:

  • Work with Petra and the Cafrino team to help create a better experience for all poker players
  • Play Cafrino and/or live tournaments
  • Talk and listen to other poker players
  • Provide feedback directly to the Cafrino teams

Requirements:

  • An avid poker player (online or live poker)
  • Active on social channels (Facebook, Twitter, and/or Instagram)
  • Friendly and enjoy talking with other poker players
  • Exited about playing Cafrino and Cafrino’s future in online poker
  • Willing to engage (in a positive manner) with other poker players and spread the word about Cafrino

If this sounds interesting to you, please send an email to the Cafrino support team at support@cafrino.com with the subject “Cafrino Street Team Application”. Please include the following:

  • The reason for your interest in the Cafrino Street Team
  • List of your social accounts
  • Your Cafrino username

Thanks, and good luck!

Cafrino

Cafrino unveils Haig Kayserian as Chairman and Joseph Conner as Director of Poker Operations

Cafrino unveils Haig Kayserian as Chairman and Joseph Conner as Director of Poker Operations

NEW YORK: Cafrino has announced co-founder Haig Kayserian as its new Chairman, and brought experienced gaming executive Joseph Conner into its team, as the online poker startup continues on its impressive growth trajectory.

Cafrino was founded in response to the 2011 United States-wide crackdown on online gambling, and after a product reboot in 2014 under new CEO Michael Murphy, the legal poker website raised seed money totalling $250,000 and has recorded impressive growth over the past two years.

Cafrino takes no money from players, but pays players cash prizes from its advertising revenue, which is received by running advertisements between hands.

Since 2014, its player-base has grown to 60,000, with over 10% identified as monthly active users. There are over 1.8 million hands dealt on the website per month. This number is expected to grow significantly with the launch of the Cafrino mobile app, slated for later this year.

Haig Kayserian, who has been part of Cafrino since its inception, is an internet business consultant with two international companies under his directorship – digital agency, KAYWEB and angel investment firm, KAYWEB Angels – and has sat on the boards of over ten internet businesses in the United States and Australia. He is also an adviser to a venture capital fund.

Kayserian assumes the Chairman role on the Cafrino board as the company looks to raise Series A funding that will catapult its product and marketing efforts to what he refers to as “a tipping point”.

“Our CEO Michael Murphy has led Cafrino beyond all set targets since we raised our seed money at a $1 million valuation,” said Kayserian. “Our relationships with ad agencies have us clear-sighted on what we have to do to reach a tipping point in terms of active users, and we’ve drawn a path to achieve that with the help of a Series A funding round that will reflect the new value of this outstanding business.”

CEO Murphy added: “We listened to our users and constantly improved our product to bring it closer to their satisfaction, and are now planning on further enhancements on our evolving list, especially taking Cafrino mobile and introducing an ad-free subscription version to meet this demand made by some of our users.”

To help with this product focus, Cafrino has also announced that Joseph Conner is joining the team as Director of Poker Operations, with the task of managing the product evolution post-funding.

Conner is an online poker product professional with eight years of experience in real money, membership, ad-based and social poker models. His list of products include Tropicana Entertainment’s Social Casino, Bwin.Party’s Party Poker & Party Casino, NYX Gaming Group, and DoylesRoom Poker.

Conner said: “I have closely followed the progress of Cafrino since 2014, and it has really been making waves in the online poker world. Our product plans will inject further momentum in that growth and ensure Cafrino’s place among the leaders in this space.”

Put poker skills on the line. You can practice as much as you need on the free online poker tables at Cafrino and get all the practice you need while winning real cash!

Electrical Engineer Wins Over $1.2 Million

WSOP 2015: Electrical Engineer Wins Over $1.2 Million in Millionaire Maker Event

The World Series of Poker makes a dream come true for Adrian Buckley.

Adrian Buckley, an electrical engineer from Westminster, Colorado, outlasted a 7,275 player field to win $1,277,193 and his first World Series of Poker bracelet. In fact, winning the Millionaire Maker represents his first WSOP in the money finish of any kind.

“I mean, getting through 7,000 people. It’s not something you think about until it happens’” Buckley said. “I hoped to run super deep, and knew I had the skill to get here. But it’s just surreal to live out the dream.”

Buckley entered the final day against a strong final table with only 10 big blinds in his chipstack, but tremendous patience, skill and a bit of run good helped the 27-year old defeat the likes of Mike Sexton, Erick Lindgren and Olivier Busquet on his way to the title.

Source: Pokerfuse.com

Think what you have what it takes to win free cash? Test our your poker skills at Cafrino, the completely free and legal online poker!

DRINAN EXPOSES POSSIBLE CHEATING

CONNOR DRINAN EXPOSES POSSIBLE CHEATING AT THE WORLD SERIES OF POKER

Connor Drinan, who reached mainstream fame last year by having his pocket aces cracked by pocket aces in the Big One for One Drop $1 million buy-in tournament, has made headlines again, this time for exposing the possible cheating ways of Valeriu Coca.

The cheating allegedly occurred during the early rounds of Event #10: $10,000 Heads Up No-Limit Hold’em Championship at the World Series of Poker in Las Vegas. Coca is suspected of marking the cards, possibly with invisible ink. Read Drinan’s account of what happened here.

Source: Pokerfuse.com

Think what you have what it takes to win free cash? Test our your poker skills at Cafrino, the completely free and legal online poker!

Online Poker Etiquette Tips

Online Poker Etiquette Tips

A lot of online poker players believe that just because they’re sitting at a computer instead of at a table means that they can act however they please, and some of them use that feeling of freedom to act rudely. However, this is not true, and there are several things that all poker players should bear in mind before they ever open up an account with a legal online poker site. Here are some tips to help you maintain the peace at your online poker games.

Don’t berate others for their poor play.

Just because a poker player did something stupid that ended up costing you money does not mean that you need to tell him what he did. First of all, you don’t want to help him improve. After all, his next mistake might dump a pot into your lap. Instead, don’t be a jerk and yell at him for dropping all of his cash on a weak draw. You won’t get your funds back, and he might improve – and challenge you. If anything, the table will get less fun, and he (and the other weak players) might just leave.

Don’t talk about hands in which you’re not participating.

You wouldn’t talk about other players’ hands or give other people advice at hands if you were sitting at a real table playing with real cards, so don’t do it online either. If you are the one with the nuts and have decided to go all-in, and you’re waiting for a fish to choose whether to fold or call, you wouldn’t like it for a third player to tell your fish to fold because he thinks you have the nuts, you’d punch that person in a real game. Don’t be unethical and talk to people about hands at an online poker game, either.

Don’t talk about the hand you folded.

If you have Ace 4 and you raise pre-flop, only to have someone re-raise you and another player to call, you might elect to fold. After you do that, don’t use the chat window to talk about that hand. You can only do that after the whole hand has finished. If you talk about what you had, that can influence the plays that others make later in the hand, leading to significant frustration – and rightly so, because that kind of talk can make things unfair for those still in the action.

Maintain pace with the action.

Online poker time isn’t the time to do your laundry as well. This means that you shouldn’t make your play and then wander away for a while, while the rest of the players get frustrated with the wait. You wouldn’t do this at a game in your friend’s living room, so don’t do it at your computer. It’s one thing to take your time when you’re thinking about significant decisions after the flop, but those basic pre-flop tasks should be done as quickly as you possibly can. Otherwise, the situation becomes frustrating for everyone involved, and a weak player might simply get bored and walk away – instead of sticking around to give you more money in later hands.

Think what you have what it takes to win free cash? Test our your poker skills at Cafrino, the completely free and legal online poker!