Poker Chips - Online Poker's Sonic Boom
Poker has been around for roughly 200 years but the online version of the so-called gambling sport is just a new phenomenon
. However, online poker was not the very first type of gambling that gotten to the Internet, as online sportsbooks popped up during the mid-90s. Online casinos also came forth. A good example is Microgaming, which arrived in 1994 and is now a well-known casino software developer.Planet Poker was the first online poker gambling room entering the picture in 1998. The website operated, as the only online poker company for quite a while. Following a few years, numerous new and bigger online poker sites appeared also having an initial rake structure of 5% and a max rate of up to $3.
Paradise Poker, which is the current industry leader, was founded in 1999. During the same time period, Poker Spot founded by Dutch Boyd moved into the picture.
Poker Spot was thefirst to run online poker tournaments but the company experienced problems later on. Poker Spot was unable to collect player deposits from its affiliate credit card group. The problem led to the company not paying the winnings of its players, as every bit of the cash deposited failed to enter the system. Poker Spot hit bottom simply because of the quandary.
Cases similar to the controversy in Poker Spot has yet to be replicated in other online poker gambling companies primarily because of the creation of Neteller's e-cash system. Neteller these days stands as the best funds transfer service for the online poker industry. The Neteller system allows players to not anymore make use of a credit card or a wire transfer service to deposit money at a poker room. Online poker companies have been in a position to decrease fraud simply because of their use of Neteller's service.
The year 2001 was a crucial year for online poker gambling, as the industry saw the appearance of the two biggest firms, Poker Stars and Party Poker. Paradise was the dominant group right up until 2003, when Party Poker began to advertise on television. The successful marketing of its World Poker Tour and Party Poker Million initiatives fueled Party's emergence.
The popularity of online poker also acquired a good start from the amazing story of Chris Moneymaker. Mr Moneymaker paid a $40 charge to go into the World Series of Poker and he was eligible for the main event after winning a satellite tournament at Poker Stars. Mr Moneymaker bested 839 other contestants to win what was believed to be the biggest staged World Series of Poker tournament and went home with the top prize of $2.5 million.
In 2003, online poker gambling became much more accessible, particularly to newbies, with the release of www.pokertips.org. Mr Moneymaker's Cinderella story and the sport's growing popularity led to the game reaching new heights in 2004. Revenues of companies soared and new online gambling companies appeared such as Noble Poker and Full Tilt Poker.
The growth of the industry became evident when Paradise Poker was bought by listed sportsbook, Sportingbet. Other online poker companies are also thinking about going public and increase new capital to aid fund expansion.
Online poker is currently gradually turning into a global phenomenon, as the UK lately approved a legislation that contains the sanctioning and regulating of online gambling companies.
In addition, poker tutorial sites have arrived to help new players develop their skills. Several of the suggested books about online poker gambling are Holdem Poker for Advanced Players by Sklansky and Malmuth Super System by Doyle Brunson, Texas Holdem by Ken Warren and Killer Poker by John Vorhaus. Learning basic skills and poker theory from the experts is a recommended approach to get moving in the sport.
Best Online Poker Gambling Sites
Poker School Online www.pokerschoolonline.com Poker Pages www.pokerpages.com Low Limit Holdem www.lowlimitholdem.com PlayWinningPoker.com www.playwinningpoker.com Low Limit Omaha Texas Holdem Poker Poker Performance Psychology So You Wanna Learn Pokerwww.soyouwanna.com/site/syws/poker/poker.html Poker Pro Association The Gamblers Edge www.thegamblersedge.com Poker Club Belgium www.pokerjokers.co.uk Ichiban Poker StudStrategy PokerStrategy.org
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