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Poker professional Isaac Haxton wins big in Las Vegas

Wed, Dec 26, 11:28pm by Staff Writer

Poker pro Isaac Haxton secured the biggest win of his career just a week ago when he won the $300,000 Super High Roller Bowl V, netting a massive $3,672,000 in the process.

The 33-year-old New York native is no stranger to seven figure triumphs in his poker exploits.

In 2014 he recorded his biggest career win, netting $2,525,841 after finishing as the runner-up in the $250,000 Aussie Millions Poker Championship.

He has moved to 12th on the all-time list of poker earnings, amassing career prize winnings of more than $23 million.

The 2018 year has been kind to Haxton and has been his most lucrative to date. He has won more than $8 million this year alone.

The $300,000 Super High Roller Bowl V took place at the Aria Resort and Casino in Las Vegas.

As reported by Online, 36 of poker’s biggest players put up the $300,000 entry fee to create a prize pool worth nearly $11 million.

Only seven players would see a return on their buy-ins in the cut-throat tournament, with all of those players eliminated on the opening day.

On the final table Haxton was joined by UK’s Stephen Chadwick for a share of the chip lead on day two.

Haxton was content with his position leading into the final day saying, “I came in with nearly a quarter of the chips in play, maybe 23 per cent or so, I had good position on the other clip leader, and it was a table where I felt confident.

Online poker laws in Australia changed big time in 2017

Poker is a unique game where bettors aren’t staking their money against the house or organising entity, but against each other.

The peer to peer dynamic of poker makes it a game of strategy and skill, with a luck component.

The skill and strategy component in the game is evidenced by the fact that in the long run, all players are equally likely to receive the same amount of good and bad cards, with skills such as strategy and mathematics improving their odds of winning.

The first online poker site was created in 1998 and now more than 130,000 Australians play online poker.

The Australian Government passed amendments to the Interactive Gambling Bill that tightened regulations surrounding online poker in 2017.

The industry barely existed when online gambling legislation was first introduced in 2001 and had been operating in a grey area of the law for some time.

Some of the world’s largest poker providers such as PokerStars, Poker Party and 888Poker have been providing accounts to Australian’s for many years, despite their illegality.

Under the new laws, it is not an offence for Australians to gamble online, but the individual could be liable to pay $1.35 million if found to be using unlicensed interactive gambling services.

The organisations themselves could be fined $6.75 million per day for indiscretions.

The poker services swiftly moved their business out of Australia; with 888Poker remarking to Australian users they their accounts would be closed.

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