Full Tilt Poker to Open .EU Site; DOJ to Announce FullTilt Player Remission “Soon”

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A Full Tilt Poker spokesperson announced recently that the site would soon be launching a new FullTilt online poker room at .EU.

Coming soon to FullTiltPoker.eu, the site is expected to offer all the same game profile, features and promotions that the old FullTiltPoker.com offered. PokerStars, the new owners of FullTiltPoker, already has experience in this area, having successfully launched its PokerStars.eu branch back in February of 2011. When that site launched, PokerStars phased its players from Finland, Germany, Netherlands, Poland, Romania, Slovenia, Sweden, and other countries from pokerstars.com over to pokerstars.eu. It is expected that this is the same thing they will do with fulltiltpoker.com and fulltiltpoker.eu.

The difference between the two boils down to one thing: licensing jurisdiction. .EU websites are lienced in Malta while .COM websites are licensed on the Isle of Man.
It appears this may be a tactic to help players avoid paying income taxes on cash prizes they win at these sites. By switching licensing jurisdictions from the Isle of Man to Malta, players in such countries as those named above (those who would be switched from a Full Tilt Poker .COM membership to a Full Tilt Poker .EU membership) may be able to enjoy tax-free online poker winnings.

Meanwhile, the Department of Justice is behind schedule in announcing remission plans for the some 1.3 million former U.S. players at Full Tilt Poker who haven’t seen their funds from those accounts, totalling some $159 million, since April of 2011. But they have said that announcement can be expected soon. We’ll bring it to you here when it happens.

Source: PokerFuse

Full Tilt Poker Launch Well Received

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This month, on Tuesday, November 6, 2012, while the U.S. reelected a president, the rest of the world got one of their favorite poker sites back. On that date, after 495 days off the scene, Full Tilt Poker returned. The formerly beleagured top poker site saved from oblivion by Poker Stars reopened its doors, accepting new players from (almost) everywhere (except France, Italy, Spain, Denmark, Belgium and–most notably–the United States) and welcoming back players who still had an active Full Tilt Poker account (except from the United States) when Full Tilt Poker closed over a year ago.

The relaunch of Full Tilt Poker was greeted by the return of 400,000 of its previous players, with an average of 8,500 cash games taking place daily now at the site, at stakes of up to $400/$800. This also means former players at the site can log into their accounts to withdraw any funds they had locked up in that account as well. The site says it has $186 million to be returned to non-US players.

Aiming at the casual, recreational player more than the hard core professional (or amateur) trying to make a living (or a killing) online, the new Full Tilt Poker offers lower VIP rewards through its new Edge program than, say, Poker Stars’ VIP scheme, although FTP’s is currently offering a restricted 10-25% rakeback deal. PokerStars, incidentally, also doesn’t accept players from U.S.. Returning former Full Tilt Poker players may find that they haven’t been placed in the lowest, starter tier in the Edge program but rather, based on their play and certain promotions from prior to June 2011, they have been placed automatically into a higher VIP tier.

Avoiding Tilt while Playing Poker

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Avoiding Tilt

‘Tilt’ is another poker term that refers to a player who is now playing at a much lower level than he was previously, or is capable of. A player who is now on tilt usually just suffered an unusually bad beat, and is no longer treating his chips with the same cool calm-head that he was using before. A player on tilt will often be betting and raising with hands that don’t justify it, in a misguided effort to make up for whatever it was that set him on tilt. Going on tilt can happen to any player, anytime. It can be quite hard to stay level-headed after losing with the top set, against a drunken opponent who went perfect-perfect for a gutshot straight.

The best way to avoid going on tilt is to knowing all the different things that can set people off. One must be aware of the different things that can make them upset, and try to consciously not let them bother them. All great poker players are able to keep their emotions in check. While all luck balances out in the long run, it is important not to let the short term luck inherent in poker become an overwhelming problem.

On the topic of emotions, remember that in all walks of life, emotion clouds judgment. Whenever someone goes through a large emotional swing, whether good or bad, it can often be a good idea to take a step back from the table, and let what happened sink in. It’s common for players to overplay a hand soon after a large win, or loss. These players are letting their emotions interfere with their judgment, which is something you should never do.

Sometimes going on tilt won’t immediately happen due to one cataclysmic event. Often times it slowly creeps upon a player after a series of small bad beats. These situations are often more dangerous, because players can slowly over time go on tilt and not even realize what’s happening to them. Signs of this type of tilt will often be when one starts to play too many hands out of position, or people start calling in too many situations where it’s obvious they are beat.

The key way of beating tilt is to be aware of it. Keeping oneself off of tilt can save tons of money in the long run.