Thursday, June 11, 2009

Online poker

Online poker is the game of poker played virtually over the internet. Online poker rooms have contributed greatly to the increasing popularity of the game all over the world. Traditional brick and mortar casinos generally hesitate to promote poker as they feel that other games of chance such as slot machines are far more profitable.

Even though the rake of a traditional casino is quite high the cost of running the poker room is even higher. Online casinos, on the contrary attract lower overhead costs. Players are allowed to play for low stakes and freeroll tournaments offered on most of the poker sites are a major attraction to beginners as it allows them to play and win at the game without paying any entry fee.

This, however, does not mean that online poker rooms run a loss. The rake is collected from most real money ring game pots, calculated as a percentage of the pot based on a sliding scale and capped at some maximum fee. Every online poker room has its own rake structure.

Multi-table and imprompt sit-and-go tournaments are charged an entry fee around five to ten percent of the tournament entry fee is added to the cost of the tournament.

Online poker sites sometimes offer games like blackjack or side bets on poker hands where players play against “the house” for real money, where the odds are usually in favor of the house.

Online poker sites invest the money that players deposit. This is a good source of revenue as the sites do not have to pay interest on players’ bankrolls.

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