According to multiple sources within the industry, Ultimatebet will be releasing a statement shortly (most likely Thursday) regarding the allegations of cheating on their site.
Allegations of suspicious activity on the site were first made in January of 2008. A player named "NioNio" was shown to have an abnormally high win-rate - a user on 2+2 (links below) showed that "NioNio" had won a ridiculous $293k over just 2,984 hands. His BB/100 win-rate (over 75), coupled with his extremely high VP$IP (voluntarily putting money in the pot, which is an indication of how loose/tight a player is), led many to believe that something was truly wrong. I've posted a link to a post on 2+2 that explains this situation much better then I ever could.
Some great research was done by the online poker community, and the evidence was overwhelming. Ultimatebet and the Kahnawake Gaming Commission were both informed that a "superuser" had apparently been operating in the high-stakes cash games on UB.
On March 6th, 2008, Ultimatebet responded by saying that an "extensive inquiry" by an independent third-party expert had revealed "winning statistics that were indeed abnormal". Ultimatebet then went on to say that they had expanded their investigation to determine whether or not an unfair advantage existed, and if so, how this fraud had been perpetrated on the poker-playing public.
Nearly three months have gone by since that release, leading many to speculate just what could be taking Ultimatebet so long. Word has leaked over the past few days that another release from Ultimatebet is coming over the next day or two.
Rumor has it that Ultimatebet will be compensating (in full) the players who fell victim to "NioNio".
I'm hoping that the press release is long on details, but I'm not holding out too much hope. I'd love to know exactly who perpetrated the fraud (if this is indeed the case) and how they did it. I'd love to know when Ultimatebet management knew about this and how they reacted when the allegations of cheating were first made. I have a feeling that the press release will leave me disappointed in that regard.
It should be pointed out (if people reading this don't already know) that Ultimatebet and Absolute Poker are owned by the same company, Tokwiro Enterprises. Absolute Poker had their own "superuser" scandal in 2007 - I won't rehash all of the details of that situation, as I am sure that you are already familiar with the story. If not, just Google it.
We'll have more on this situation once Ultimatebet releases their statement. It's important that people are well-informed about what is going on, so please visit the link below and read the first post.
2+2 Thread on Ultimatebet Situation
Filed Under: Poker Scandals
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