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Online Poker – A Virtual Gambling Game

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 intimidating for novice players and are 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 rake, or time charge, of traditional casinos is often high, 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.

Online venues, by contrast, are dramatically cheaper because they have much smaller overhead costs. For example, adding another table does not take up valuable space like it would for a brick and mortar casino. Online poker rooms also allow the players to play for low stakes (as low as 1ยข) 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, 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 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. Online poker rooms also check players’ IP addresses in order to prevent players at the same household or at known open proxy servers from playing on the same tables.

Free poker online was played as early as the late 1990s in the form of IRC poker. Shortly 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 to offer tournaments called satellites by which the winners gain entry to real-life poker tournaments. It was through one such tournament on PokerStars that Chris Moneymaker won his entry to the 2003 World Series of Poker. He went on to win the main event causing shock in the poker world. The 2004 World Series featured three times as many players than in 2003. At least four players in the WSOP final table won their entry through an online cardroom. Like Moneymaker, 2004 winner Greg “Fossilman” Raymer also won his entry at the PokerStars online cardroom.

In October 2004, Sportingbet Plc, at the time the world’s largest publicly traded online gaming company (SBT.L), announced the acquisition of 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, several other cardroom parent companies have gone public.

In June 2005, PartyGaming, the parent company of the then largest online cardroom, PartyPoker, went public on the London Stock Exchange, achieving an initial public offering market value in excess of $8 billion dollars. At the time of the IPO, ninety-two percent of Party Gaming’s income came from poker operations.

To play online poker you have to download software and install it on your computer. It’s graphics is normally very good, though those running on 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 expenses. Try to learn money management; this is a good way of developing your skills as a 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 mind and not your cash. Just take it easy and have fun.

 

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Why Playing Online Games Is Beneficial

The appeal of online games has never been more popular today than it was a few decades ago. for more info click here https://www.918kisslogin.app/xe88/ Thanks to an ever increase in access to the internet and constant development in visuals and graphics with realistic features, online gaming is here to stay. In fact, research shows that one in every five internet user visits gaming sites and this number will steadily increase in the next few years as game developers use more advanced technological equipment to make games even more realistic. Although some people may claim that playing online games can be harmful, there are some health benefits with playing games online.

Boosting Memory and Cognitive Development

Games available in the internet are not exclusive, meaning that, players have access to a variety of games. One type of game is that can actually help boost your memory and develop your cognitive skills. We all know that humans normally do not use 100% of their brain function and if one does, often only one side is often used. Puzzles, trivia, logics and other problem solving games help improve brain function and this is not only in one part of the brain but in all areas of it. As the internet grows day by day, one has limitless sources of games, making it easier to challenge oneself with new and exciting activities to work on.

Gateway to Health and Recovery

People with health issues or those who are recovering from illness may find using online game tools helpful to speed up their recovery. Adults who have kids that are sick may also find games that will help kids understand their illness and make it easier for them to deal with such illness. Some games are not only entertaining but also educational making these ideal tools to not only foster creativity but also understanding. Some not-for-profit organizations also make use of online games to help educate kids and adults.

Improve Social Interaction

People that have social interaction problems or are too shy may find it hard to develop friendships in the real world. This dilemma is eliminated through playing online games especially the role-playing ones. Most of the games have an online community so one would not feel alone and can even foster friendships that can extend outside the virtual world. Another thing that is great about this is that one can be oneself and does not need to fake themselves just to be accepted as the virtual gaming community accepts and does not discriminate against age, race and gender.