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Duane "Dewey" Tomko (born December 31, 1946 in Glassport, Pennsylvania)[1] is an American former kindergarten teacher turned professional poker player, based in Winter Haven, Florida.
Tomko is chiefly noted as the runner-up in the World Series of Poker "WSOP" $10,000 no limit Texas hold'em main event in both 1982 (to Jack "Treetop" Straus) and 2001 (to Carlos Mortensen.)
Tomko began playing poker profitably as a 16-year-old in Pittsburgh pool halls which allowed him to finance his education. He worked as a kindergarten teacher, but often played poker through the night. Tomko realised that poker was more profitable than his job and invested a sum of his winnings into businesses while choosing to play poker full-time.
In addition to his WSOP success, Tomko has made two World Poker Tour (WPT) final tables. He finished runner-up in the 2003 Five Diamond World Poker Classic ($552,853) and in fourth place in the Costa Rica Classic ($14,650.)
Tomko has played every WSOP Main Event since 1974 which is currently the longest active streak.
Recently, Tomko took 3rd place in the 2005 WSOP Deuce to Seven Draw Lowball event worth $138,160.
Tomko is married with three children. His son Derek encouraged him to return to playing poker tournaments. (Tomko claims his son is a better player than he was at his age.)
As of 2008, his total live tournament winnings exceed $4,900,000.[2]
Rick Reilly chronicles a day with Dewey on a golf course in his book Who's Your Caddy. In it, he contends that Tomko is not interested in competition if there is not a wager riding on it. Dewey is just as good a gambler on the golf course as he is sitting at a poker table. He notes that many PGA professionals will refuse to play him for money. On NBC's "Poker After Dark," Greg Raymer noted that pro golfer Rocco Mediate has said that if he had one person to putt for his life, it would be Tomko.
Betfair is the world's largest Internet betting exchange. The company is based in Hammersmith in West London, England.
Since Betfair was launched in June 2000 it has become the largest online betting company in the UK and the largest bet exchange in the world. Betfair currently has over 1,000,000 clients and a turnover in excess of £50m/week.[citation needed]
A bet exchange allows punters (gamblers) to bet at odds set and requested by other punters rather than by a bookmaker. Members can make both 'Back' bets (normal bets on a selection to win) and 'Lay' bets (bets on the opposite side of the Back, against the selection), thereby eliminating the traditional bookmaker.
Betfair uses decimal odds, which are easier to calculate with than fractional odds. Its bookmaking model brings together two counterparties with opposing views, and thus removes the need for a bookmaker's markup or overround. As a result, the odds are up to 20% better than bookmakers' odds, according to the site's operators.[citation needed] At the more fancied end of the market the odds offered on Betfair tend to be closer to the bookmakers' odds, whereas for a more speculative bet the odds available may be over 50% higher on Betfair, more accurately reflecting the bet's true chances of success. Betfair punters are able to offer odds based on their own opinion rather than on a set bookmakers' margin. Betfair charges a commission on all winning bets, which is set at 5% of the net winnings for most markets, although according to how much a client wagers on the site, it is possible to reduce the amount of commission paid to as low as 2%.
The Betfair interface can be seen as bearing a strong similarity to that of the Stock Exchange, with the 'bet' and 'lay' options comparing to the buying and selling of derivatives. Indeed there are many professionals who play the Betfair market for profit, using purpose-designed software, in much the same way as a Stock market trader.
The company has attracted much comment in the British and Australian press. Its co-founders, Andrew Black and Edward Wray, won the Ernst and Young Emerging Entrepreneur of the Year award. In 2003, the company was one of about 50 recipients of the Queen's Awards for Enterprise in the Innovation category.[1] The Queen's Awards are the UKs highest official awards for business.
In October 2005 chief executive Stephen Hill announced his resignation when the board decided not to proceed with plans for a stock market flotation, the investors holding out for a higher valuation.[2]
In November 2005 the Tasmanian government announced a deal to licence Betfair in the state. The deal will see Tasmania receive AU$5 million up front and is projected to pay Tasmania about $40 million per year. Now that it has been approved by the Tasmanian Parliament, it will be the second licence Betfair has received outside the UK - the first being in Malta. The deal has infuriated the established monopolistic totalisators and bookmakers (due to loss of revenue) and governments (due to loss of taxes) in the other Australian states. A ban on the use of betting exchanges took effect in Western Australia on the 29th January 2007 and possibly South Australia in the future. Betfair claimed this new law violates the Constitution of Australia and filed a legal challenge.[3] On 27 March 2008, the High Court of Australia, in a unanimous decision, found that two provisions of the legislation, purporting to ban Western Australians from using a betting exchange and prohibiting an unauthorised business from using Western Australian race lists, were invalid as they applied to Betfair because the provisions were characterised as imposing a burden on interstate trade that was protectionist in nature, and therefore contravened section 92 of the constitution. [4] [5] The Court decision suggests, but leaves open, that a more narrowly drafted ban may have been allowed (eg, banning people in Western Australia from laying 'lose bets' on events held in Western Australia).[6]
On 28 February 2006 Betfair launched a new interface, including current live scores of in-play soccer matches, jockey silks and horse form, and an 'express view' in which only the currently available back odds are viewable. Within two days the 'Xpress' idea was also adopted by BETDAQ. The changes were criticised on the Betfair forums by many members who disliked the smaller fonts and the right-aligned columns, which displayed a large amount of whitespace. On March 1 these display issues were addressed, although many users still felt the site had been dumbed down in order to attract new punters to the exchanges. The gambit worked, however, with a significant increase in membership and deposits during the Cheltenham Festival.
Softbank purchased 23% of Betfair in early April 2006 valuing the company at £1.5 billion. In December 2006, Betfair completed the purchase of the horseracing publishing company Timeform (which traded under the name Portway Press Ltd).
Betfair launched its own radio service, Betfair Radio, in March 2007 available via its website and on the telephone. Betfair Radio broadcasts horse racing commentary, results and sports news seven days a week from the studios at their headquarters in Hammersmith
http://www.enterbet.com
PGA Tour golf betting opportunities ... PGA Tour --- European Tour --- Asian Tour. USGA official site. Wikipedia US Open entry
In addition to his WSOP success, Tomko has made two World Poker Tour (WPT) final tables. ... He notes that many PGA professionals will refuse to play him for money
PGA Tour golf ... PGA Punter. Weekly guide to betting opportunities on the PGA Golf ... Wikipedia reference. pga.com/PGATour main pages --- Tournament
Labels: betting on golf, golf betting, golf betting game, golf betting line, golf betting odds, golf tournament betting, golfbetting, pga tour betting
