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Poker professionals from around the globe are registering for a new venture that combines live betting with online poker action.
Dubbed 'iSeries Live', the wagering site will be launched on April 5th and allow viewers to bet on scenarios while watching the poker pros play hands out. The wagers available include odds to win, winner of the next hand, last-longers, red/black flops, and next elimination.
At the end of the inaugural 10 man tournament, players will receive a percentage of the live betting for and against them.
The €10,000 buy in tournament's roster will include Phil Hellmuth, Daniel Negreanu, Dave “Devilfish” Ulliott, Carlos Mortensen, Maria Ho, Tobias Reinkemeier, Marvin Rettenmaier, James Dempsey, Eoghan O'Dea and Faraz Jaka.
The concept was devised by Poker Royalty Agent Brian Balsbaugh, who says that his event is just the beginning of new ways for poker pros to earn money. “After Black Friday, we were determined to find a way to add new revenue streams for our world class roster of talent," Balsbaugh said.
“We are fronting the expenses, then sharing the wagering profits with the participating players."
“There are countless additional ways for us to monetize this model and we look forward to rolling them out over the course of the next year."
“Our end goal is to pay players for playing iSeriesLIVE events.”
A video preview of the event is available at: http://www.youtube.com/watch?v=UKqSvQS5KOk