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!

Cafrino 3-Betting Light

What is 3-betting and 3-betting light?

What is 3-betting and 3-betting light?

Given how aggressive the play is in online poker, the 3-betting light is becoming one of the most popular decisions out there. A three-bet is a re-raise that a player makes before the flop, and players either do it for value, or they do a “light” version. Let’s take a look at each of these bets and how they can help you.

Understanding 3-betting and 3-betting light

The “value” three-bet means that you think your hand is the strongest currently on the table, and you want to add to the pot while you still have the upper hand. Whether or not you should put down the three-bet has to do with a number of factors. How’s the rest of the poker table looking in terms of the dynamics of your rivals? What tendencies does your opponent show?  No matter if you’re playing a million dollar tournament or a friendly hand of free poker, you want win and hit a hand that will beat your opponent’s range. Are you playing a typical tight-aggressive player? Think about a fairly tight range then, maybe AA-Q-Q and A-K. If you’re facing a loose-aggressive player or someone who calls re-raises light? Think about a wider range. This could go A-A-99 or A-K-A-Q. If you are too tight with your three-betting range, you’re going to become predictable. Your opponents will realize that a three-bet means that you have a strong hand, and they won’t play along with you.

The “3-betting light” three-bet happens when you re-raise a pre-flop raise, even though you probably don’t have the best hand on the table, but you do see some value in the hand. When you’re doing this, it’s kind of like a bluff, without being a full bluff. You want to take the pot right away, and you’re hoping that your opponent will fold to that re-raise. So you’re looking for an opponent who is pretty loose with his initial raises. If you know that they raise light, you can return the favor, because you know that generally they’ll be folding. So you can carry the pot without even having to look at a flop.

Avoid the Patterns, Even More if you’re Playing Online

This means that you need to pay attention to the way you play and behave at the table. If your opponents see you as super tight, people aren’t going to pay you large for your strong hands. They know that you’re tight and when you come out with big guns, there must be a considerable hand in front of you. However, if you start three-betting light, that will alter the image. If you three-bet holding 7-6 and then show down a pair, you will shed that tight image quickly.

Obviously, you’ll want to keep your opponents guessing, though. Keep that range balanced so that your opponents won’t know whether you have A-A or 5-4 when you three-bet. When your opponents don’t know what you’re doing, they’re a lot more likely to make mistakes. They’ll end up calling your strong hands and folding when you didn’t even have a pair.

Put your 3-betting light 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!

Relative position in poker

Relative position in poker

Understanding Relative Position in Poker and its Importance

Relative position in poker is an important factor in any hand, especially in Hold’em poker. When you go last and have a chance to see what your opponents are doing before you play, this is a huge advantage. However, relative position doesn’t have to do with when you get to go, but where you are at the table in relation to the player who raised pre-flop.

Why is Relative Position So Important in Poker?

When someone bets on the flop, it starts the cycle of actions all over among the players who are still involved in the hand. If you’re on the button, and there are two involved players before you, here’s how it might work:

Player #1: Check

Player #2: Check

You (on the button): Check to close the action.

 

It could also go this way:

Player #1: Bet

Player #2: Fold

You: Call to close the action

 

However, when the betting doesn’t go that way, then the position changes like this:

Player #1: Check

Player #2: Bet (starts the cycle over)

You: Call

Player #1: Call to close the action

 

Even though you’re on the button, the bet by Player #2 means that you don’t get to shut the action down in the hand. This happens occasionally, but it’s not always important because you can still see everyone’s decisions at some point before you make a decision. However, when it comes to continuation bets, there is one additional factor to think about.

Keep this in Mind the Next Time You Play Poker

In just about any hand of Texas Hold’em, there will be a pre-flop raiser. A lot of times you’ll see that same person make a continuation bet on the flop, if they bet first or if the others checked up to them. Because pre-flop raisers often make continuation bets, the rest of the table should expect this and often check to them, giving that player the opportunity to make the first move. So if you act after the pre-flop raiser who has just made the continuation bet, you have a sticky wicket if there are others who will act after you. Those who checked could have anything in their hands, and you’re stuck in the middle. The pre-flop raiser could have a solid hand and has made the continuation bet to push up the pot. The player who checked could have just about anything.

The best spot to be in when this happens is just to the right of the pre-flop raiser. This means that your action will end the betting of that round when the continuation bet comes down. The worst spot you can be in is to the raiser’s immediately left. You have to act first after that bet, and you have people sitting behind you who could have anything at all. Always keep an eye on your relative position, as it could influence what happens to you going into the flop and for the rest of the hand.

Put your 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!

Cafrino Poker Rules

Cafrino Poker Rules – Important things to know

Cafrino Poker Rules – Important things to know to protect your bankroll

Jumping on the bed… we’re okay with that. But our goal is to create a fun and friendly online poker environment where players can legally play online poker in the United States and win REAL cash prizes. Here are a few basics you should know… besides being courteous to all other poker players. For more information on the complete set uf Cafrino Poker Rules, you can find them here http://cafrino.com/terms-of-service.

Cheating

Cheating, of any kind, is not tolerated. This includes collusion, chip dumping, creating multiple accounts, etc. For more information, please see section 1.5 and Section Two of the Cafrino Poker Terms of Service.

Multiple Accounts

As mentioned above, multiple accounts are not allowed. This includes any accounts playing in the same physical location or IP address. For more information, please see sections 3.11 of the Cafrino Poker Terms of Service.

Ad Blockers

Hopefully you know that Cafrino Poker is completely free to play and legal in all the United States. You probably also know that we do pay REAL cash prizes to players. The money to fund these prizes comes from advertising. For this reason, the use of ad blockers or ad blocking technology is strictly prohibited. If you account is found to us, or have used, ad blocking technology, it may result in closure of the account and/or forfeiture of any and all account prizes and winnings. For more information, please see section 3.15 of the Cafrino Poker Terms of Service.

Poker Chat

Our rule for the poker chat is… don’t say anything you would say in a Casino. Treat players with respect and everyone will have a good time. We understand that there is a natural frustration that sometimes comes with the game of poker. Please try to keep your emotions in check. 🙂 You can find more information in section 3.10 of the Cafrino Poker Terms of Service.

Payment Policy

Although our official policy for processing payment requests is 90 days, we do try to process them much quicker (often within a day or two). The Cafrino staff is working hard to make this the best free poker site around, so please be patient if payments take longer.

Support Abuse

Our support staff is there to help. Please understand that any issues with the game are not their fault. They will do their best to provide help for all situations. Any abuse or threats to the support staff may result in closure of the account and/or forfeiture of any and all account prizes and winnings… and may also put you on the DO NOT RESPOND list.

Spamming Social Channels

Our social media channels (Facebook and Twitter) are there to enhance the community and experience, and provide promotions for the game and players. Abuse of these channels will result in blocking of the social account, and may result in closure of the Cafrino account and/or forfeiture of any and all account prizes and winnings.

Please make sure you are familiar with the agreed upon Terms of Service. Violation of any of Cafrino Poker Rules, or any rules under the Terms of Service, may result in closure of the account and/or forfeiture of any and all account prizes and winnings.