The Gamble Pays Off: Free Poker Chips
Posted on September 2nd, 2010 in Sports |
Poker like a form of gambling has been in existence for nearly two centuries but has reached new heights with the arrival of its online version. Various online casino gambling websites have sprouted in the previous couple of years driven primarily by the popularity of poker. Nevertheless, online poker did not pioneer casino gambling online, as sportsbooks were the first to turn up in the Internet through the mid-90’s.
Among the first online gambling casinos was from Microgaming, which arrived in 1994 and is now a popular gaming software developer.
The first mainstream online gambling casino was Planet Poker, which was established in 1998. A number of bigger and better online casino gambling websites came up after a few years. The initial rate structure of 5% and a max rate of as high as $3 have been the industry standard ever since.
Present industry leader Paradise Poker was created in 1999 and at the same time, Dutch Boyd launched the controversial Poker Spot. Poker Spot was the first online gambling casino group to run poker tournaments online and carried on to do so until it was struck by a big problem.
By that year, there were around 700 online gambling casinos, while a March 2001 survey discovered that nearly 8 million people have gambled their money in the Internet. A year afterwards, the first millionaire from an online casino was produced. The lucky winner pocketed $1,594,649 on May 30 2002.
Other online casino gambling sites were capable to avoid Poker Spot’s fate with the use of Neteller’s e-cash system. Neteller is currently known as having the best funds transfer system for the online casino gambling sector. The e-cash system keeps the player from making use of a wire transfer service or a credit card when depositing in an online poker room.
2001 was an important year for online casino gambling given the entry of the two industry giants, Party Poker and Poker Stars. Party Poker’s overtook Paradise in 2003 being the industry’s best player with its strategic advertising on television.
Additionally, Party Poker released Party Poker Million and the World Poker Tour, which have turned into points of interest throughout the US. The intriguing story of Chris Moneymaker likewise led to the popularity ofonline poker gambling. Mr Moneymaker paid a $40 fee to get into a satellite poker contest of Poker Stars.
His victory in the small tournament provided him a spot on the World Series of Poker. Mr Moneymaker defeated 839 other online poker contestants and earned the top prize of $2.5 million. That year’s World Series of Poker tournament is still thought to be as the biggest ever staged in its short history.
Mr Moneymaker’s inspiring Cinderella story attracted more beginners to learn online poker and the game broadened to new territories in 2004.
Online training site www.pokertips.org offers easy to learn guidance on how to play the game. Revenues of online casino gambling firms rocketed during the year, which also observed the entry of new players for example Full Tilt Poker and Noble Poker. Sportingbet’s acquisition of Paradise Poker also opened new doors given the new owner’s status as a listed company. Listing on the stock market has turned out to be a choice for online casinos to raise funds for development.
Top Online Poker Gambling and Tutorial Sites
Low Limit Holdem www.lowlimitholdem.com
PlayWinningPoker.com www.playwinningpoker.com
Low Limit Omaha
Texas Holdem Poker
Poker School Online www.pokerschoolonline.com
Poker Pages www.pokerpages.com
Poker Performance Psychology
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