Evolution Of Online Poker
Online Poker is the game of poker played over the internet. Hitherto there has been very little research about it. The recent rise in popularity of online poker worldwide has been successful in attracting a large number of people mainly the youth where the average age group is around 25. The online poker industry’s net worth is around $3.3 billion which is quite a great amount and can help banana republics (countries with poor economical and financial conditions) to improve their economical and financial conditions. Online Poker is an emerging industry providing huge profits to both the sites which offer the gambling game and to the players who play these games.
Benefits and risks of online Poker
One of the greatest benefits of online poker is that it does not require any investments in poker rooms and gaming equipment. For novice players, casinos and poker rooms may be intimidating and are often located in geographically disparate locations whereas the system of online poker reduces these kinds of risks involved in traditional gambling ways. Online venues involve a greater risk of fraud and collusion between players.
History of Online Poker
Diving through the history of poker the Free poker online game was first played in the late 1990s in the form of IRC poker. Author Mike Caro became the “face “of planet poker in October 1999. Many of the games which are played in online poker are Texas hold’em, pot-limit Omaha, seven-card stud, razz, and many more. The online poker industry has shown a tremendous amount of growth in its net worth in the span of the last 10 years . 2
Emotion regulation abilities and strategic knowledge are very important factors of online poker as it is a social game. Poker is a game of skill and chance and one might also experience monetary losses so one needs to be focused. Responsible gambling features such as the ability to set spending limits on internet gambling should be implemented as it can be helpful to those people who are in an excessive habit of gambling. In a survey about online poker by British gambling prevalence in 2007, it was found that people involved in internet gambling are mostly males, relatively young adults, single, well educated, and in professional/managerial employment. The medium of the internet may be more likely to contribute to problem gambling than gambling in a traditional gambling environment.
Is Online Poker boon or bane?
Online poker can create illusions and delusions both as there has been very little empirical research on this field and many of the users involved in internet gambling are unaware of it’s working so what seems to be true may not be so in the actual world.
Just like every coin online poker has also two aspects one which gives financial and economical benefits to its users and the other one is which gives financial and economical losses to its users. Which aspect you will experience depends upon the strategic knowledge of an individual on investments and games. To play a safe and secured poker online one should know thoroughly about the terms, conditions, and policies regarding the games. Nothing is bad until and unless it becomes an addiction so playing online online betting Singapore poker wisely is just a way of earning and learning.