Paddy Power Supplies Odds on Full Tilt Poker’s Future
Full Tilt Poker is, as we all know, in serious trouble following the events of ‘Black Friday’ when the US Department of Justice (DoJ) shut down several poker sites.
April 15 will long be remembered as a dark day in United States poker history, but that hasn’t stopped Irish bookie Paddy Power from opening a book on whether Full Tilt Poker will still be offering real money games come July 27 – the day following their hearing with the Alderney Gambling Control Commission (AGCC) in London’s Park Plaza Victoria Hotel when it will be decided if the website is worthy of being given a licence.
With European players now abandoning Full Tilt Poker, too, Paddy Power – who are famous for opening books on almost any eventuality, such as who will be the next Pope or Archbishop of Canterbury – reckon the chances of the website still operating real money tables are slim.
As such, they have provided odds of 1/8 that there will be no real money opportunities at the beleaguered website, while they also offer odds of 9/2 that the site will again be functioning normally.
While such an event is not great news for Full Tilt Poker – who are still hoping to finalise a deal with a group of European investors – Paddy Power punters can take advantage of this “no-lose situation” on offer as the Irish bookies will also match any cash wagered as bonus dollars to be deposited in their poker account. Sweet!
For example, if a customer wagers €100 on Full Tilt being unable to provide real money play come next Wednesday, they will receive a €100 credit bonus, too.
Paddy Power, the website’s communications manager, certainly didn’t display any empathy with the troubles at Full Tilt as he said:
Whether Full Tilt Poker is opened or closed on the 27th, players will have good reason to be playing poker on paddypowerpoker.com.
Either way, it’s a no-lose situation for our punters and poker players as they get paid one way or the other, regardless of the outcome.