subject: Online Poker Reviewed [print this page] Online Poker Reviewed
Online Poker Reviewed
This world of cyberspace gambling can be a confusing, and perhaps even bewilderingexperience. If you have never played any kind of casino game online, you are probably baffled by how to get started. Cyberspace gambling--what I like to call cybergaming--is still a very young business, and because of that there are many casinos that could be considered "less reputable" than others. There are also casinos that aretrying to be reputable, to the extent that this is possible in an industry that is still largely unregulated: The world of cyberspace gambling has often been compared to the American Wild West--you simply don't know what you are going to get when you mosey up to one of those cyberspace saloons (or salons). The good casinos are battling with the bad ones for customer acceptance and market share. Which ones will prevail has more to do with the reality of what is yet to come, than with what exists now. Some of the better casinos truly seek to make the cyberspace gambling experience a good one for their customers, and a fair game.
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Perhaps thequestion that is asked most often by playersin online casinos is whether or not the games are "rigged." By "rigged" they mean somehow "fixed," or altered, to not pay out. Although this is very easy to do, in most cases it is not true. Most, but not all. Remember that old Roman proverb: caveat emptor, which means, literally: buyer beware. Unfortunately there is no way that the average cyberspace gambler can find out if that online casino has rigged games. Youwould have to be a computer expert, or a hacker, to be able to access the casino's program source code in order to find out whether or not their games are rigged. I would say that the vast majority of currently available online casinos are fair, and take great care for their games to be fair and uncorrupted, and definitely not rigged. Most cyberspace casinos aren't rigging their games because of the already high hold they enjoy on those games; they already keep about 70 to 75 percent of all the money that is deposited. This translates into an average house hold percentage of about 25 to 30 percent over all their games combined. Let's say we take the lower average. This means that for every dollar you deposit, the casino will get to keep a quarter, either by means of a rake (as in online poker rooms), or by the in-built house edge on the games they offer. Remember that cyberspace casinos aren't regulated, and therefore they don't have to answer to any regulatory body, such as the gaming commissions that generally regulate brick and mortar (BM) land-based casinos (in the United States). So, while the BM casinos have to meet a certain limit on the house hold percentage, thereby requiring that the casinos' games pay back the remainder, this is not so in cyberspace. For BM casinos, that percentage is usually a minimum of 75 percent payback. While the average cyberspace casino payback percentage is also around 75 percent, the fact is that almost all land-based BM casinos will have games that actually pay back a whole lot more. The slot machines in almost all BM casinos will pay back at least 90 percent, with some paying back as much as 98 and 99 percent. Video poker machines in BM casinos are often offered with payback percentages over 100 percent.
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