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The Phenomenon of Online Poker

Online Poker is poker played on the internet. It is partially responsible for the drastic increase to the number of players of poker worldwide. In 2005 the revenues coming from playing poker online were estimated to be at US $ 200 million a month.

The venues in playing traditional poker is called Brick and mortar, B&M. Sometimes beginners playing poker may find casinos and poker rooms intimidating but these rooms are situated in locations geographically disparate. Brick and mortar venues are reluctant to promoting poker also because it is hard for them to gain profit from the promotions. Although the time charge or the rake of traditional casinos is usually high, the costs of opportunity of running the poker rooms are much higher. Brick and mortar casinos make more money often by reducing the rooms for poker and putting more slot machines.

Online venues, in contrast, are drastically way cheaper because of the smaller overhead expenses and costs. For example, an additional table would not take up a much valuable space as it would for a brick and mortar type of casino. The online rooms for poker tend to be seen as more friendly to players. An example, the software could prompt the player when the player's turn is next. Online rooms for poker also allow the players lower stakes. Some even bet as low as one centavo. Other poker rooms offer "freerolls", rooms where there in no entrance fee to attract novice players.

The Online poker rooms maybe vulnerable to certain kinds of fraud particularly collusion among the players, the software however could also have the function of detecting collusion and this does not exist in the brick and mortar casinos. An online room for poker has security that looks at the "hand history" of the playing cards by a player online, making the behavior patterns much easier to tell than in land-based casinos wherein colluding players could just simply fold hands with nobody ever noticing. Online rooms for poker could also check the players' IP addresses to prevent the players either from "open proxy" servers or at similar households from playing on one table.

Major online poker websites offer a variation of feature to entice more players. A common feature is offering such tournaments called satellites wherein the winners gain access to real time poker tournaments. In 2004, The Sportingbet Plc was the world's largest traded online gaming company in public. In October that year, they announced their acquisition of the Paradisepoker.com. It is one of the industry's pioneer and largest card rooms. It was the first time that an online card room became a public company's ownership and ever since then, others have also chosen to go public.