Online Poker Tournaments
DewaPoker What is Online Poker? Internet poker is your game of poker played on the web. It's been partly responsible for a massive gain 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 performed 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 Conventional Poker and Online Poker Traditional (or "brick and mortar", B&M, live, land-based) venues for playing poker, such as casinos and poker rooms, may be intimidating for novice players and are frequently found in geographically disparate locations. Also, brick and mortar stores are hesitant to promote poker as it is difficult for them to profit from it. Although the rake, or time charge, of traditional casinos is often large, the opportunity costs of running a poker room are even higher. Brick and mortar casinos often make much more money by removing poker rooms and adding more slot machines for instance, figures by the Gambling Enforcement Firm Joseph Eve quote that poker accounts for 1 percent of brick and mortar casino earnings. Online venues, by contrast, are dramatically cheaper because they have much smaller overhead costs. By way of example, adding another table does not take up valuable space like it would for a physical casino. Internet poker rooms also allow the players to play for low stakes (as low as 1cents/2cents) and often provide poker freeroll tournaments (in which there isn't any entrance fee), attracting beginners and/or less affluent clientele. Online venues may be more vulnerable to certain types of fraud, especially collusion between players. However, they've collusion detection abilities that do not exist in physical casinos. For example, 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 their holding. Internet poker rooms also check players' IP addresses so as to prevent players in the same home or at known open proxy servers from playing the same tables. Digital apparatus fingerprinting also allows poker sites to recognize and block players that create new accounts in attempts to bypass prior accounts receivable, limitations and closures.
History of Online Poker Free poker online was played as early as the late 1990s in the kind of IRC poker game. Planet Poker was the first online card area to provide real money games in 1998. The initial real money poker match was dealt on January 1, 1998. Author Mike Caro became the "face" of Planet Poker at October 1999. The major online poker sites offer varying features to entice new players. One 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 collection 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 gamers 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 Typically, internet poker rooms create the majority of their earnings through four methods. First, there is the rake. Like the vig paid into a bookie, the rake is a fee paid to the house for hosting the match. Rake is accumulated from most real money ring game decals. The rake is generally calculated as a percentage of the pot according to a sliding scale and capped at some maximum fee. Each online poker room decides its rake structure. Considering that the costs for conducting an internet poker table are bigger than those for running a live poker desk, rake in the majority of internet poker rooms is a lot smaller compared to its brick and mortar counterpart. Secondly, hands played in pre-scheduled multi-table and impromptu sit-and-go championships aren't raked, but instead an entry fee around five to ten percent of the championship buy is added to the entry cost of this tournament. These two are generally specified in the tournament particulars as, e.g., $20+$2 ($20 represents the buy-in that goes into the prize pool and $2 represents the entry fee, de facto rake). Unlike real casino tournaments, online tournaments do not deduct trader tips and other expenses from the prize pool. Third, some online poker websites also offer side games like blackjack, roulettes , or unwanted stakes on poker hands in which the player plays against "the home" for actual cash. The odds have been in the house's favor in these types of matches, thus producing a gain for your house. Some sites go as far as becoming affiliated with internet casinos, or perhaps incorporating them in the poker room program. Fourth, like virtually all institutions that hold money, online poker websites invest the money that gamers deposit. Regulations in most jurisdictions exist in a bid to limit the form of risks sites can take with their customers' cash. However, since the websites do not have to pay interest on gamers' bankrolls even low-risk investments can be a substantial source of earnings. QqPokerOnline