Online Poker Tournaments
Agen Poker What is Online Poker? Online poker is the game of poker played over the Internet. It's been partly responsible for a huge increase in the amount of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005, though a survey carried out by DrKW and Global Betting and Gaming Consultants asserted online poker earnings in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gaming, Grant Eve, a Certified Public Accountant representing that the US Accounting Firm Joseph Eve, Certified Public Accountants, estimated that one in every four dollars gambled is gambled online. Difference Between Traditional Poker and Online Poker Traditional (or "brick and mortar", B&M, reside, land-based) venues for playing poker, like casinos and poker rooms, may be intimidating for novice players and are frequently located in geographically disparate locations. Additionally, brick and mortar stores are somewhat reluctant to promote poker as it is difficult for them to gain from it. Although the rake, or time charge, of traditional casinos is usually high, the opportunity costs of running a poker room are even greater. Brick and mortar casinos often make much more money by removing poker rooms and adding more slot machines for example, figures by the Gaming Enforcement Firm Joseph Eve estimate that poker accounts for 1% of brick and mortar casino revenues. Online venues, by contrast, are dramatically cheaper because they have much smaller overhead costs. For instance, adding another table does not take up valuable space like it would for a brick and mortar casino. Online poker rooms also permit the players to play low stakes (as low as 1pennies/2cents) and often provide poker freeroll tournaments (in which there isn't any entry fee), attracting beginners and/or less wealthy clientele. Online venues may be more vulnerable to particular types of fraud, especially collusion between players. However, they've collusion detection abilities that don't exist in brick and mortar casinos. For instance, online poker room security employees can examine the history of the cards previously played by any player on the site, making patterns of behavior easier to detect than in a casino where colluding players can simply fold their hands without anyone ever knowing the strength of their holding. Internet poker rooms also assess players' IP addresses in order to prevent players in precisely the same household or at known open proxy servers from playing on the same tables.
Digital apparatus fingerprinting also allows poker sites to recognize and prevent players who create new accounts in attempts to bypass prior accounts receivable, restrictions and closures. History of Internet Poker Free poker online has been performed as early as the late 1990s in the form of IRC poker game. Planet Poker was the first online card room to offer real cash games from 1998. The first real money poker game was dealt on January 1, 1998. Writer Mike Caro became the "face" of Planet Poker at October 1999. The significant internet poker sites offer varying features to entice new players. 1 common feature is to offer tournaments called satellites by which the winners gain access to real-life poker tournaments. It was through one such tournament on PokerStars which Chris Moneymaker won his entry to the 2003 World Series of Poker. He moved on to win the main event, causing shock in the poker world, and beginning the poker boom. The 2004 World Series featured three times as many players as in 2003. At least four players in the WSOP final table won their entry through an online cardroom. Like Moneymaker, 2004 winner Greg Raymer also won his entry in the PokerStars online cardroom. Four Ways online poker rooms gain Normally, online poker rooms generate the majority of their revenue through four methods. First, there is the rake. Like the vig paid into a bookie, the rake is a fee paid to the home for hosting the game. Rake is collected from most real money ring game pots. The rake is generally calculated as a percentage of the pot based on a sliding scale and capped at some maximum fee. Each online poker room decides its own rake structure. Since the costs for running an online poker table are smaller than those for conducting a live poker desk, rake in the majority of online poker rooms is much smaller than its brick and mortar counterpart. Secondly, hands played in pre-scheduled multi-table and impromptu sit-and-go tournaments are not raked, but rather an entry fee approximately five to ten percent of the tournament buy-in is added to the entry price of the tournament. These two are generally specified in the tournament details as, e.g., $20+$2 ($20 represents the buy-in that goes into the prize pool and $2 signifies the entrance fee, de facto rake). Unlike actual casino tournaments, online tournaments don't deduct trader tips and other costs in the prize pool. Third, some online poker websites also offer side games such as blackjack, roulettes unwanted stakes on poker hands where the player plays "the home" for real money. The chances have been in your house's favor in these types of games, thus producing a gain for the house. Some websites go so far as becoming affiliated with online casinos, or even integrating them into the poker room software. Fourth, like almost all institutions that hold cash, online poker websites invest the money that players deposit. Regulations in most jurisdictions exist in a bid to restrict the sort of dangers websites can take together with their clients' cash. However, as the websites do not need to pay interest on gamers' bankrolls even low-risk investments can be a significant source of revenue. Poker88