Friday, December 1, 2023

What the world must do to tame methane | Robinhood CEO defends payment for order flow, says practice is 'here to stay' | The Cheating Scandal That Ripped the Poker World Apart | 'Sued for millions by my abuser, I set up a social network instead'

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The Cheating Scandal That Ripped the Poker World Apart - WIRED   

Mike Postle was on another tear. The moonfaced 42-year-old was deep into a marathon poker session at Stones Gambling Hall, a boxy glass-and-steel casino wedged between Interstate 80 and a Popeye's in suburban Sacramento. The September 21, 2019, game, which Stones was broadcasting to audiences via YouTube and Twitch, had attracted several top players to the casino's card room, a gaudily lit space done up like an Old West saloon. One pro from Las Vegas had flown in on a chartered jet with $50,000 in cash. Yet, as usual when he appeared on Stones' livestream, Postle was shredding the competition; he was the evening's chips leader by a comfortable margin.

Five hours into the show, a curious hand took shape. Like all games of Texas Hold 'Em, the most widely televised form of poker, the action began with each player receiving two face-down cards—the hole cards. Five community cards were then to be dealt face-up in three rounds, with opportunities for betting in between. The first face-up batch, called the flop, would consist of three cards. After that, the dealer would add a single card (“the turn”) followed by one more (“the river”). Players would vie for the pot by assembling the best five-card hands using their hole cards and the shared array.

Even before the flop, though, seven of the nine players chose to fold. Postle, who'd been dealt the queen of diamonds and jack of hearts, pressed forward with the hand. His sole opponent would be Marle Cordeiro, a Las Vegas-based pro with a large social media following.

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