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**** The TRUTH about Full Tilt Poker **** WARNING: LONG but a MUST READ
I want to share this letter sent to me by a friend, who claims to be a friend of a former high level FTP employee.
Lets call him WB for the purpose of this post. I was given permission by my friend, from WB, to disperse this. Take it for what you will, but this is something that should be read by any player that plays real money games on Full Tilt. Just for the record, I HAVE NO IDEA WHO THIS PERSON IS, NOR WILL I GET INVOLVED. I am simply posting this for information purposes, and will not participate in any "investigation"
Background: WB used to work for Full Tilt Poker in Ireland, and in Los Angeles. Since the whole indictment fiasco last week, he and a lot of staff were relieved of their duties, with no notice, and no word on any compensation or legitimate reason that they were fired. WB observed/and participated in all kinds of deceitful practices by FTP staff over the years and wishes to now expose ftp for what it really is.
I don't know his personal motivations for doing this, revenge perhaps, or have access to anything specific, but looking back at everything now, it makes sense.
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The Truth about Red Kings/Tiltware and Full Tilt Poker –
I was currently an employee of Pocket Kings, formally Tiltware Inc. I have decided to blow the whistle on this company, as well as Full Tilt Poker owners, specifically Howard Lederer and Mr. Bitar for its deceitful and mendacious business practices.
My reasons will remain personal. Please take the time to read this statement and do not dismiss this as detritus information posted by an angry patsy.
I was hired many years ago by Mr. Bitar to assist in developing software for Pocket King’s (aka Tiltware Inc), or what most of you know as the game model for Full Tilt Poker. This software team was not only composed of multiple programmers, but consisted of several game theory experts and even a psychologist.
The original software team was tasked to develop a RNG (random number generator) with codicil variables. This involved multiple strings setup to access player databases to determine a course of action in generating an outcome, or more specifically, a poker situation that would maximize revenue income for the company. In short, and in simpler terms, the software was designed to create “action”. NO particular player was targeted to LOSE, HOWEVER, ACTION was the end game of the programming. If you take a large sample size of hands, billions of hands to facilitate variance, you will see no matter how far a player has an advantage preflop, or on any street, all subsequent events were 50/50, thus making this "skill" game, a game of chance.
Another disburbing issue was the eventual plans to implement a new string to target losing players, or what we call “CV” or “capitulate variables” were players that had a higher percentage of registering for another session, or tournament, or making another immediate deposit. This was never implemented, but the "ACTION" or "SET UP" hand generation was. This was the primary objective.
The purpose of targeting CVs, and generating action, was simply to provide the maximum amount of revenue. If you think about it, you will see how it makes sense from a business point of view. Full Tilt Poker makes its money by way of rake, tournament entry fee, and unfortunately, short term investing. Yes, FTP does take a large percentage of every players bankroll and conduct short term small investments to provide additional revenue. The faster a player "busts out", the faster he can re-register for another tournament (mtt or sng), and thus, more rake generated for the site.
If every player withdrew their bankroll, FTP would not even be able to pay 25% out. You no doubt have realized this if you currently have a bankroll on FTP. What is even more disturbing, is that FTP is only paying out a very small amount of NON US based players, less then 5%. They are continuing to take deposits from as many people as possible, and have been delaying cashouts as much as possible. Support will provide you with all kinds of excuses. They have been told to re-request documents, reject documents, or provide any excuse possible to delay your cashout request. They have also begun what's called PKAH (player killer account hunting) where they track your entire history of play, and look for certain spots where they accuse you of "colluding", "chip dumping" or some other asinine excuse to close your account. Believe it or not, FTP has closed thousands of accounts with multiple 5 figure balances simply because they can do whatever they wish. You have no rights.
If you have looked into FTP past history, there have been many situations where FTP stretched their investments, and the result was delayed cash outs and multiple player checks bouncing. I apologize for that tangent, but I just wanted to show you another deceitful business practice FTP engages in. More players equal more rake and entry fees, which in turn increases the profit margin.
Unfortunately this is not where the deception ends. Red Kings employees are abusing the super user accounts. YES, this is the sad truth:
RED KINGS EMPLOYEES, MANY OF THEM, HAVE OPEN ACCESS SUPER USER ACCOUNTS and have CHEATED MANY PLAYERS OUT OF HUNDREADS OF THOUSANDS OF DOLLARS.
Red Kings and FTP will deny these accounts exist, but they do/have existed.
This will never be detected or proven. These employees are smart enough not to make the same mistakes as Russ Hamilton and other former employees of AP/UB. Is Howard Lederer aware of this? No, he is not. However he is aware, and specifically asked for, software that was juiced to create action and to target winning players to lose, and vice versa. HL, and RB, are thieves.
There is a reason Red Kings/Tiltware is not certified to be a true random number generator without prejudice. Yes, the Kahnawake Gaming Commission has “tested” certain lines of code, but they have not been given access to RK/TW entire source code. Further, the KGC is not regulated by any government or body.
I understand I have brought great risk to myself for exposing this, but I believe I have taken the appropriate measures to protect myself. A lot of you will dismiss this as a disgruntled busted player, but do not. Look at the evidence yourself. Examine the hand histories and see for yourself. Statistics and mathematics do not lie.
One final warning to all players, FTP has been losing its customer base for quite a while now. With the events of this past week, they have cut customer support staff by 70%, as well, have begun transferring funds to their shell companies in Panama to avoid the wrath of the United States government. I would strongly suggest withdrawing any money you have and never deposit on FTP again.
Summary:
-Red Kings employees have access to Super User accounts and abuse them
-The FTP software (RK/TW) model is designed to eliminate players as quickly as possible by providing “set up” or “coolers” to keep game registration fluid; you will never have a significant edge over any other player in the long term
-The FPT software had programming plans to eliminate/bust players that have a successful deposit history or a successful winnings history. These players, or CVs, are likely to re deposit due to their successful history over a losing player. This is simply money recycled to keep as many players as possible interested and motivated to continue
-If you have a large bankroll online, get it off the site as fast as possible. American players will not see another penny. Even if a favorable judgement is reached, maybe only 10-20% of your money will be recoverable. Most likely all of it, including all international players, will lose their money
-FTP is still taking deposits from non Americans, do not deposit. They are milking as much as possible. Once FTP is shut down for good, and their player base gone (after they realize no withdrawals are possible) they will call it a day. The fat cats will ride into the sunset with their Panama Bearer Sharer bank accounts and laugh at the gullibility of all the poker players who deposited money into their pockets. Good luck and God Speed
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Originally Posted by iifold
this is absolutely bullshit, bullshit,bullshit, nuff said, a so called "online pro "
