Short PlayTech Stock

If you’re an investor I would be betting against PlayTech the operators of the iPoker network. According to TightPoker VC (Victor Chandler) Poker has been sending out notices to players that they are banned from their network because they are winning players. It’s not April yet so I can assume this isn’t a hoax.

Here is the email players are supposedly receiving.

“If you are not already aware iPoker will be implementing a new policy in the New Year which will categorize players depending upon certain criteria. The new policy will also impose penalties upon card rooms that in essence, have a high proportion of winning players in relation to losing players.

Regrettably therefore, we are being forced to restrict a number of accounts in order to comply with the new policy and to avoid penalization by iPoker and it grieves me to inform you that we have no option for the time being other than to restrict the cash game stakes at which you can play on Victor Chandler Poker.

We sincerely regret having to take this action and hope that the policy will change in the future so that you may once again enjoy playing cash games at Victor Chandler Poker. In the meantime, please accept our apologies for any inconvenience that this action will cause but know that you can still play in our tournaments and on any other of the Victor Chandler suite of products.

Yours sincerely,

Victor Chandler International”

It seems that the story of Blonde Poker being forced off of the iPoker network which I covered in these posts here and here is starting to impact larger rooms who are also being penalized for having good players on their network.

I’m not going to go over why this is a bad idea as you can read my previous posts (mentioned above) for my take on this but I think any half-decent poker player should take note of this and know that you may be next to be targeted by iPoker. You’re much better off just jumping to a room that isn’t going to view you as a disease that they need to eliminate.

Why not try PokerStars or any of the other rooms that offer rakeback?