Internet Poker
QQ Poker Online What is Online Poker? Online poker is your game of poker played on the web. It has been partially responsible for a massive increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker earnings grew from $82.7 million in 2001 to $2.4 billion in 2005, while a survey carried out by DrKW and Global Betting and Gaming Consultants claimed online poker revenues in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gambling, Grant Eve, a Certified Public Accountant representing the US Enforcement Business 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, live, land-based) venues for playing poker, such as casinos and poker rooms, could be intimidating for novice players and are frequently found in geographically disparate locations. Also, brick and mortar casinos are reluctant to promote poker as it's hard 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 from the Gaming Enforcement Firm Joseph Eve quote that poker accounts for 1% of brick and mortar casino earnings. Online venues, by contrast, are dramatically cheaper because they have much smaller overhead costs. By way of instance, adding another table does not take up valuable space like it would for a brick and mortar casino. Internet poker rooms also allow the players to play for low stakes (as low as 1pennies/2cents) and often provide poker freeroll tournaments (where there is no entry fee), attracting novices or less affluent clientele. Online venues may be more vulnerable to certain types of fraud, especially collusion between players. But they've collusion detection abilities that don't exist in brick and mortar casinos. By way of instance, internet poker room security employees can look at 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 the holding. Online poker rooms also check players' IP addresses in order to prevent players in the same
home or at known open proxy servers from playing the very same tables. Digital device fingerprinting also permits poker sites to recognize and prevent players who create new accounts in attempts to bypass prior account bans, restrictions and closures. History of Online Poker Free poker online has been performed as early as the late 1990s in the form of IRC poker. Planet Poker was the first online card area to offer real cash games in 1998. The initial real money poker game has been dealt on January 1, 1998. Author Mike Caro became the "face" of Planet Poker in 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 entry 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, internet poker rooms generate the majority of their earnings via four methods. First, there is the rake. Like the vig paid to a bookie, the rake is a fee paid into the house for hosting the game. Rake is accumulated from most real money ring game decals. The rake is normally calculated as a proportion of the pot based on a sliding scale and capped at a maximum fee. Each online poker area decides its own rake structure. Since the expenses for running an internet poker table are bigger than those for conducting a live poker table, rake in most internet poker rooms is a lot more compact compared to its brick and mortar counterpart. Second, palms played in pre-scheduled multi-table and impromptu sit-and-go championships aren't raked, but instead an entry fee approximately five to ten percent of this tournament buy-in is added to the entry cost of this tournament. These two are usually specified at the championship details as, e.g., $20+$2 ($20 signifies the buy-in which goes into the prize pool and $2 represents the entrance fee, de facto rake). Unlike real casino tournaments, online tournaments don't deduct dealer tips and other costs in the prize pool. Third, some online poker sites also offer side games such as blackjack, roulettes , or unwanted bets on poker hands where the player plays "the home" for actual cash. The chances have been in your house's favor in these types of matches, so producing a profit for your home. Some sites go as far as becoming affiliated with internet casinos, or even incorporating them in the poker room program. Fourth, like virtually all institutions which hold cash, online poker websites invest the cash that gamers deposit. Regulations in many jurisdictions exist in a bid to limit the form of risks websites can take together with their clients' cash. However, since the sites do not need to pay attention on players' bankrolls even low-risk investments can be a substantial source of revenue. Domino QQ