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Absolute Poker Absolute Poker Lobby VideoThe biggest cheating scandal in online poker history
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In some cases, the cheaters would lose on purpose in order to deflect attention. For a more detailed description of the actual cheating methods, check out this piece.
In May , Ultimate Bet issued a statement that confirmed cheating had, in fact, occurred between March and December A subsequent KGC investigation found that the cheating had been going on since , and had cost players millions of dollars.
Some poker players still have nightmares about this image. The answer is perhaps underwhelming. Beckley was released after serving nine months.
A three-hour audiotape containing a conversation between Hamilton, Pierson, and two company attorneys emerged in On the tape were discussions about the specifics of the cheating and the various ways it could be covered up.
He also made it clear that he had no interest in making things right. The tape proved that the extent of the scandal was much larger than originally thought.
The early s saw massive growth in the online gambling world. With broadband Internet connections becoming faster and more of a commonplace across the globe, more and more people had access to paying their favorite games online.
The first wave of trailblazers in sports, casino and poker had made their mark on the landscape, and now entrepreneurs from all walks of life were getting their feet wet in the business.
In one frat house in particular, a few of the brothers really took to poker, and having seen the success of Paradise Poker, decided they wanted to take a piece of the action for themselves.
While there were reportedly 6 original founders, the most public of those was Scott Tom, who, with funding from his father, started plans for the launch of the site in Using some contacts from Asia, Tom and his partners found a development house in South Korea to build their platform, and in , the group moved to Costa Rica and launched their Absolute Poker brand.
The fact that the software was being developed out of the sight of the founders was something that would come back to bite them in the future.
By the time Absolute Poker launched, the landscape was getting crowded with other competitors. Sites like Ultimate Bet, PokerStars and Party Poker were all poker-focused companies that had entered the market, along with companies like who added poker to their casino and sports platforms.
In the early years, there were enough players for everyone, and after Chris Moneymaker won the World Series of Poker Main Event in May , the floodgates were opened.
There was an argument that, because the game was being played between players and the site was just dealing the cards, that this was not considered being the house like in casino games.
Again, that would factor in later on for all the sites in the industry. Absolute Poker continued to grow at their own pace.
So, you take a few frat brothers from the U. The reports of the partying that happened at the Absolute Poker offices were legendary; allegedly fueled by cocaine and strippers, it certainly seemed like the founders were unstoppable.
The company was also starting to flex their marketing muscle with their meager budget. However, it seemed hard to tell if the marketing spend was an effort to bring on new players or just an excuse for Tom and his cronies to travel around the world and party in different locations.
Everything seemed to be going just fine for Absolute Poker. In fact, in light of so many moves of a similar nature by their competitors, the company was planning to file papers to raise money in an IPO.
The industry was attracting some serious attention from investors given the massive profits being churned out. After you have activated your Absolute Poker account you can login and start playing for free or go to the cashier to make a deposit.
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