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Online poker is the bet on cards played via the internet. It has been partly the cause of a huge increase in the number of its players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005 while market research done by Global Betting and Gaming Consultants asserted online poker revenues in 2004 were at $1.4 billion. Outmoded venues for playing poker, such as casinos may be intimidating for newbie players and are often situated in geographically disparate locations. Also, brick and mortar casinos are reluctant to advertise it because it’s challenging for them to make money from it. Though the rake, or time charge, of old casino is commonly high, the opportunity costs of running a poker room are even higher. Offline casinos often make additional money by removing such rooms and adding more slot machine games.
Online poker spots, in comparison, are dramatically cheaper simply because they have lower overhead costs. As an example, adding another table will not take up useful space like it would for a brick and mortar casino. Online poker rooms also permit the players to play for low stakes and often offer free tournaments getting beginners and/or less wealthy clientele. Online poker is legal and controlled in several countries including several nations in and around the islands Sea, and most notably great britain. From a legal perspective, it may differ in some ways from online casino gambling. However, many of the same issues do apply.
Online poker settings may be more vulnerable to particular types of fraud, especially collusion between players. However, they have collusion detection abilities that do not exist in brick and mortar casinos. For example, online poker room security employees can look at the hand reputation the cards previously played by any player on the webpage, making patterns of behavior better to detect than in a casino where colluding players can merely fold their hands without having anyone ever understanding the strength of their holding. Online pokerrooms also check players’ IP addresses to prevent players at the same household or at known open proxy servers from playing on the exact same tables.
Free online poker was played as early as the late 1990s. Planet Poker was the very first online card room to offer real funds games. The first real cash poker game was dealt on January 1, 1998. The primary online poker sites offer varying features to entice new players. One common feature is to offer events called satellites by which the winners gain entry to real-life tournaments. Of all the online poker rooms is deemed the world’s largest site by number of players on site at any one time.
In the US, the North Dakota House of Reps passed a bill in February 2005 to legalize and regulate online poker and online poker card room owners in the state. The legislation required that online poker operations would have to physically locate their entire operations in the state.
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