Absolute Poker and possibly Ultimate Bet players could be refunded all or part of their account balance. Human poker players lose against AI…again. These stories and more are in the Monday Hit and Run.
Former Absolute Poker and Ultimate Bet Players
In a shocking development, the Department of Justice and claims administrator Garden City Group have announced a process to refund Absolute Poker — and possibly Ultimate Bet — balances. These funds have been inaccessible and presumed lost when both website domains were seized and effectively shut down in April, 2011. The source of the funds is believed to come from unclaimed Full Tilt Poker balances. Garden City Group was also administrator of Full Tilt remissions process, which finalized in late 2016.
Absolute Poker and Ultimate Bet players would be the last to be compensated since the events of Black Friday, when the domains of four top U.S. facing online poker rooms were seized. PokerStars quickly reimbursed its players in the spring of 2011. They eventually acquired Full Tilt Poker, whose U.S. players were also ultimately paid.
Former Absolute Poker and Ultimate Bet players can log-in to the GCG website to confirm their balance and submit a claim beginning today, April 10th. The remissions hub specifically mentions Absolute Poker throughout the website, but players have reported receiving confirmation of Ultimate Bet balances as well.
Sounds like players are filing for Ultimate Bet balances and they're being processed… good news
— Steve Ruddock (@SteveRuddock) April 10, 2017
Eligible players must submit their claim by June 9th to be considered for refunds. According to the frequently asked questions on the GCG website (a must read if you have any old funds at Absolute Poker and Ultimate Bet), full refunds are not guaranteed. If more money is claimed than they have allocated for refunds, players will be paid in a pro-rated basis.
To be eligible for a refund, players must have made a deposit on the poker room and have a balance over $0. Affiliates and “professionals” will not be eligible to make a claim. Non-monetary rewards (such as Loyalty Points, tournament tickets etc) will not be calculated in potential refunds.
If you can’t remember your account information, you could be receiving emails with information as soon as today:
@cuntycakes123 Players that Absolute Poker provided the Feds should be getting emails starting today.
— Kevin Mathers (@Kevmath) April 10, 2017
We’ll be sure to have more on this emerging story in the coming days and weeks.
– It wasn’t even close. Lengpudashi, formerally known as Libratus, won a 5-day match against five Chinese poker professionals in what is being called a “landslide” win. Apparently one of human players’ greatest tools against AI, the bluff, is difficult to execute against a machine. “A computer can learn from experience that if it has a weak hand and it bluffs, it can make more money.”
– Daniel Weinman is the winner of the WPT Season XV Tournament of Champions. Weinman beat out a field of 66 former WPT champions that included a final tables appearances from Michael Mizrachi (2nd) and Erik Seidel (5th). In other tournament news over the weekend, Elliot Smith took down the 2017 PokerStars Championship Macau Main Event.
– According to reports, California online gambling regulation has been losing momentum as PokerStars has been devoting less effort to the matter.
– Grinderschool.com poker training video of the day is a review of 3-betting in 6-max Hold’em.