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Poker Star Mike McDonald Goes All in at Bybit-Powered WSOT

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Poker players who cross over to cryptocurrency trading are seeing astounding success out of the gate — for example, a trading team comprised of poker players and captained by poker star Mike McDonald placed in the top three in the recently concluded World Series of Trading (WSOT). A total overlay prize pool of $1.27 million in cryptocurrency was paid out to the winners of the inaugural edition of the global crypto trading competition powered by Bybit, in which 135 teams and 12,368 participants joined from around the world.
Poker star McDonald commented, “A lot of poker players are good at making financial decisions while limiting the role that emotion plays — that would be one of the skills that transfers particularly well to trading. There will be times when crypto prices will hit the roof or post massive dips. Do you follow the herd or stick to your own strategy? Just like in poker, the choice is yours. Jump tables or stick to yours and play the game skillfully.”
Poker is a game that tends to reward strategic thinking, mental endurance and emotional resilience — traits that happen to work equally well for crypto trading. Practiced with discipline, these traits can very well generate desirable results in both fields. Here are some of the common traits of winning poker players and profitable crypto traders:
- Make +EV Decisions: Trading strategy deals with risk/reward ratio, similar to how poker players make expected value calculations for each hand when they consider whether to bet, check, call, raise or fold.
- Don’t Go on Tilt: The calm and imperturbable demeanor synonymous with poker players tends to help them during volatility, when they are able to think and trade without giving in to impulses.
- Hand Selection: In poker, just like in crypto trading, you can’t play your cards randomly. You have to understand the situation, process the chances of winning, and decide whether you want to fold or play further. Read the charts like you would interpret the body language of your opponent, and plan your next steps based on what is favorable to you.
- Bankroll Management: Even the best poker player or crypto trader can go through a lean spell. Knowing how to manage the money in your account is essential, to ensure that you always have funds available to trade effectively.
Bybit CEO Ben Zhou noted, “If you’re a beginner in crypto trading, the gurus will advise you to research thoroughly about the types of crypto assets, not putting all your eggs in one basket, and trading per your risk appetite and bankroll management needs. It’s similar to how a beginner in poker would typically study the game: up skill, start with low-level stakes and take calculated risks while devising strategies that suit them best. Similarly, we have been putting a lot of our energy into educational content where we show our clients how to properly manage risks and perform technical analysis.”
The WSOT is a major global trading competition powered by Bybit, one of the fastest growing cryptocurrency derivatives exchanges, with more than a million registered users. The global event is open to traders worldwide where Bybit’s platform is available. The ranking system of WSOT is based on the profit/loss ratio, regardless of trading volume, thus paving a level playing field for all participants. The next edition of WSOT is expected in 2021.
About Mike McDonald:
Mike McDonald (born Sep 11, 1989) is a star poker player. McDonald is the youngest person to win an event on the European Poker Tour (EPT) and the youngest person to win an event on the Epic Poker League (EPL).
Mike is now involved with Betshares/PokerShares, facilitating novelty bets on many niche products including WSOT. He has been involved in Bitcoin since 2014.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Poker Star Mike McDonald Goes All in at Bybit-Powered WSOT
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FairPlay Sports Media and FOX Sports Digital Launch New Betting Hub
FairPlay’s betting technology and AI-powered predictive content drive deeper fan engagement and deliver media opportunities and revenue
FOX Sports Digital and FairPlay Sports Media, the fan-focused and AI-powered global sports media network, have announced a strategic betting tech, affiliate and sports media agreement.
Under the multi-year agreement, FairPlay will serve as the exclusive sports betting affiliate technology provider of FOX Sports Digital, deploying its market-leading odds components, advanced AI-powered predictive data and analytics, and cutting-edge technology solutions on FOXSports.com and the FOX Sports mobile application.
The new relationship powers the newly released FOX Sports Betting Hub which integrates FairPlay’s innovative sports betting-related content enhanced with bespoke, value-added experiences derived from FairPlay’s deep relationships with global sportsbook operators.
“FOX Sports is one of the largest sports rights holders in the world, with incredible access to live games and global events,” said Stuart Simms, Group CEO of FairPlay Sports Media. “FairPlay is excited to work with the FOX Sports Digital team, and we’re honored to serve their millions of users with more engaging, insightful sports media experiences that have proven to drive loyalty, engagement and deliver on brand differentiation.”
FairPlay’s advanced AI technology and robust odds components are already delivering real-time, data-driven insights to help FOX Sports fans and bettors, while monetization frameworks being deployed create revenue opportunities for operators, sportsbooks and digital media buyers.
The agreement enhances and elevates fan engagement by bringing FairPlay’s betting information technology and AI-powered tools to FOX Sports’ digital platforms. FairPlay’s approach enables FOX Sports digital users and fans to access personalized, data-driven betting analytics that deepen their connection and engagement with sports content. As the sports media and betting landscapes continue to evolve, the FOX Sports and FairPlay agreement delivers pioneering, scalable digital experiences for fans and operators alike.
The post FairPlay Sports Media and FOX Sports Digital Launch New Betting Hub appeared first on Gaming and Gambling Industry Newsroom.
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Betfred Launches Checkd Dev’s Automated Betting System to Strengthen Football Betting Offering
Checkd Dev, part of the award-winning Checkd Group and a leading iGaming technology provider, has signed a multi-year agreement to supply its Automated Betting System (ABS) to UK bookmaker Betfred, introducing new levels of efficiency and engagement to pre-match football accumulator betting.
Through the partnership, Betfred has launched a suite of pre-configured, one-click accumulator bets, powered by Checkd Dev’s ABS technology and seamlessly integrated with Betfred’s proprietary pricing.
The solution enhances the customer betting journey while equipping Betfred’s trading team with a robust backend platform to streamline bet creation, management, and settlement. Customers benefit from football bets that are dynamically assigned probabilities based on historic form, providing greater insight and confidence in their selections.
The launch of ABS reinforces Betfred’s reputation as an industry innovator, offering customers smarter, faster, and more engaging betting experiences.
Checkd Dev has refined its ABS user interface through deployments with multiple tier-one operators. Betfred has further strengthened the proposition by integrating its competitive Acca Flex bonus offer, available from launch. Customers can access additional bonuses if their bet wins, while also benefiting from a money-back guarantee if a single leg loses.
Since its introduction two years ago, Checkd Dev’s ABS has evolved from a statistics-driven tool to increase operator conversion rates into a comprehensive system designed to meet the growing demand for automated, pre-configured betting products, powered by the company’s proprietary BRUNO platform.
This agreement extends Checkd Dev’s recent growth trajectory, following high-profile partnerships with William Hill on a fully automated, stats-powered Bet Builder, and a three-year deal with OpenBet to launch a new Trending BetBuilder to market.
Andrew Grimshaw, Commercial Director at Checkd Dev, commented: “We are delighted to be working with fellow Mancunians Betfred on our Trending Bets product. More and more major bookmakers are recognising the tangible value of our automated betting solutions, and it is especially gratifying to collaborate with a local partner on this launch.”
Mark Hartley, Head of Product at Betfred, added: “Since moving onto our propriety platform, we’ve been able to bring new ideas to market much faster. This partnership with Checkd Dev is a great example, helping us solve a simple problem for football fans: researching and building an accumulator can sometimes feel like hard work!
“With one-click, data-driven selections we’ve made the process quicker and easier, while still giving customers the choice and depth they want. Accas are already one of our most compelling propositions, thanks to our popular promotion Acca Flex, and this launch makes them even more engaging. We’re also looking forward to exploring further opportunities to work with Checkd Dev in the future.”
The post Betfred Launches Checkd Dev’s Automated Betting System to Strengthen Football Betting Offering appeared first on Gaming and Gambling Industry Newsroom.
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Slotland’s Crown Jewel, Gods of Egypt, Resurrects with Enhanced Features
Legendary Title Reborn for a New Generation of Fortune Seekers with Freebies and Bonuses until December 28th
Slotland Entertainment has ceremoniously relaunched its legendary title, Gods of Egypt, across its casinos Slotland, Winaday and now including CryptoSlots and CryptoWins. This revered 5×4, 30-payline slot invites players into a grand temple of mythic wealth.
Wager $1.50 to $30 to awaken divine features: Ra’s Sticky Expanding Wilds, Bastet’s gem-triggered Free Spins, and a Pick Me Bonus with layered treasures. For those betting $15 or more, five Pharaoh symbols unlock the progressive jackpot.
“Gods of Egypt has always been a crown jewel in our collection,” said Michael Hilary, Manager at Slotland. “This relaunch across our entire empire allows a new generation of players to experience its timeless magic and seek its legendary rewards.”
Framed by the regal visages of Anubis and a jeweled queen, the game creates a ceremonial atmosphere of arcade spectacle. It is a call to modern seekers: enter and claim your ancient riches.
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The post Slotland’s Crown Jewel, Gods of Egypt, Resurrects with Enhanced Features appeared first on Gaming and Gambling Industry Newsroom.
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