Online poker is the game of poker played over the internet. It has been partly responsible for a dramatic increase in the number of poker players worldwide. In 2005, revenues from online poker were estimated at US $ 200 million monthly.
Traditional (or “brick and mortar”, B&M, live) venues for playing poker, such as casinos and poker rooms, may be for novice players, and often located in geographically disparate locations. Also, brick and mortar casinos are reluctant to promote poker because it is difficult for them to profit from it. Though the traditional casinos are often too high, the opportunity costs of running a poker room are even higher. Brick and mortar casinos often make more money by removing poker rooms and adding more slot machines situs judi slot.
Online venues, by contrast, are dramatically cheaper because they have much lower overhead costs. For example, adding another table does not take up valuable space like a brick and mortar casino. Online poker rooms also allow players to play low stakes (as low as 1 ¢) and often offer poker freeroll tournaments (where there is no entry fee), attracting beginners.
Online venues may be more vulnerable to certain types of fraud, particularly among collusion players. However, they do have collision detection abilities that do not exist in brick and mortar casinos. For example, online poker room security employees can look at the site of any player on a site, making patterns of behavior easier than detecting a casino where colluding players can simply fold their hands their holding of strength. Online poker rooms also check players’ IP addresses in order to prevent players from ordering the same household or playing the same tables on known proxy servers.
Free poker online played as early as the late 1990s in the form of IRC poker. The Shortest Thereafter Planet Poker was the first online cardroom to offer real money games. Author Mike Caro was one of the founders and the “face” of Planet Poker.
The major online poker sites offer varying features to entice new players. One common feature is the offer tournaments called satellites which provide winners gain entry to real-life poker tournaments. Chris Moneymaker won his entry into the 2003 World Series of Poker. He went on to win the main event in shock. The 2004 World Series featured three times as many players as in 2003. At least four players won the WSOP final table through their entry into an online cardroom. Like Moneymaker, 2004 winner Greg “Fossilman” Raymer also won his entry at the PokerStars online cardroom.
In October 2004, Sportingbet Plc, the largest publicly traded online gaming company (SBT.L) at the time, acquired ParadisePoker.com, one of the online poker industry’s first and largest cardrooms. The $ 340 million dollar acquisition marked the first time an online cardroom was owned by a public company. Since then, many other cardroom parent companies have gone public.
In June 2005, PartyGaming, the parent company of the then-largest online cardroom, went to PartyPoker, which went public on the London Stock Exchange, achieving an initial public offering market value of over $ 8 billion. At the time, the IPO, ninety-two percent of Party Gaming’s revenue came from poker operations.
To play online poker you have download software and install it on your computer. It’s graphics are pretty good, but those running Java-based programs are never that good. It’s also advisable to set a budget when planning to play on-line poker; This will help you avoid unnecessary costs. Try to learn money management; This is a good way of developing your skills as an on-line poker player.
Finally remember that to play poker on-line you have to be smart. Let your common sense prevail. You ought to think with your mind and not with your cash. Just take it easy and have fun.
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