Tagged in: online poker

Online Poker History

Online Poker History

The game of poker may go back as far as 200 years, but the online version as we know it today is only a mere 13 years old.

Online poker history started in the mid 1990’s and a couple of years later the first real online poker rooms saw the light of day.

The first online poker room was Planet Poker launched on January, 1998. Planet Poker was founded by poker pro, author, and legend, Mike “Mad Genius” Caro and is still in existence today, though it quit taking real money bets in March 2007 following the UIGEA fiasco (more on that later). The first real-money poker game was a Texas Hold ‘em game of $3/$6 stakes.

Later in the year, a Senator Jon Kyl from Arizona introduces the Internet Gambling Prohibition Act (IGPA), so that before online gambling had even really gotten started, there were already lawmakers trying to knock it down. If passed, the IGPA would make it illegal for websites to offer online gambling services to US citizens. It fails to pass.

By the end of 1998, the online gambling business has generated $834.5 million in revenue despite connectivity issues, slow servers, and primitive network technology, as reported by Frost and Sullivan, global market research firm.

Other online poker rooms soon entered the fray. Paradise Poker out of Costa Rica, was established in 1999 and would soon become the industry leader. During this initial period of entry, the infamous case of Poker Spot occurred. Poker Spot was an online poker firm founded by Dutch Boyd, a successful poker player.

Poker Spot was launched in May 2000. In September of that year, it would become the first online poker room to offer tournaments. However, troubles soon plagued Poker Spot. According to Dutch Boyd, it was unable to collect player deposits from its credit card processing firm. Essentially, all of the money players deposited and played with were not in the system, so Poker Spot was unable to pay its players their winnings. The firm soon went under

It was not until 2001 that the two most dominant online poker firms entered the industry. Poker Stars became a popular destination, much because of the extremely popular PokerStars tournaments, and Party Poker made a splash in the industry.

Throughout 2001, Paradise Poker remains in the front line of the industry, but PartyPoker has begun offering tournaments, and that summer, they host a series of tourneys that finish up on a cruise ship, now known as the PartyPoker Million cruise. The promotional-style strategy they adopt is a very successful business model and pays off with financial success.

While Party Poker was spending millions on marketing, one man’s $40 buy-in truly put the entire industry on the map. Chris Moneymaker’s Cinderella story of winning the World Series of Poker was the type of advertising the online poker industry could once only dream about.

In 2003, Chris Moneymaker qualifies for a seat at the World Series of Poker Main Event and wins the tournament, turning a $40 investment in a qualifier tournament into a $2.5 million payout. This instantly catapults PokerStars into the running for biggest online poker site with average Joes everywhere signing up with the site hoping to be the next Moneymaker. Moneymaker inspired millions and as if over night, again, the online poker community swells. PokerStars takes in more players than all other sites combined.

Nevertheless, clearly the most remarkable thing that occurred in 2003 was the launch of a poker information website, www.pokertips.org.

Online poker exploded in 2004. The increasing popularity of the poker and the “Moneymaker effect” resulted in even more play at the virtual tables. Because of this, the industry’s revenues more than tripled

By 2004 PartyPoker is making more than $1 million in profit daily. Online poker is growing faster than anyone could have fathomed. Mainstream America is seeing poker on television and more players are signing up. More and more new online poker sites are popping up on a daily basis. Full Tilt Poker emerges with heavy advertising campaigns on television and top poker pro spokesmen. Full Tilt instantly becomes one of the big guns in online poker.

In 2004, search engines Yahoo and Google remove all Internet gambling advertising from after the US Justice Department announces that advertising for such activity may be interpreted as aiding and abetting illegal gambling in the Wire Wager Act of 1961.

The US makes up more than 51% of the $8.5 billion in revenue generate by online gambling, according to Christiansen Capital Advisors, industry researchers. In 2005, an estimated 55 million Americans participate in online poker, 15 million of those playing with real money, according to the Poker Players Alliance (PPA), a newly founded grass roots advocacy group formed to combat the fight against online poker in the US. This year, PartyGaming lists on the London Stock exchange with a market value of around £4.6 billion.

By the end of 2011, online poker in the US is pretty much eradicated, and the future of regulation looms uncertain overhead.

 

Stay tuned to our blog and learn how to play Online Poker at WagerWeb.

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How to play Online Poker

How to play Online PokerOnline poker is faster and less intimidating than live games, with more variations available any time of the day or night. Right now there are more than 200 Internet poker rooms. The largest Internet poker room has over 50,000 people playing at the same time during peak playing hours.

From Sportsbook, Casino Betting, Racebook Gambling, WagerWeb offers you the best online gambling options, check it now!

But before you hit the tables, you must learn the basics, so here is a list of basics tips to start learning how to play online poker:

Pay attention: Watch who’s playing aggressively or in a loose way.Only go up against the tight players if you’ve got a strong hand.

 Watch the chips: If someone has more chips than you, be careful

No match: Cards don’t match any of the community cards? Fold as soon as someone else bets.

Ace in the hand: An ace in your starting cards isn’t necessarily a winner.

Starting hands with potential: Before the flop, go ahead if you have pairs (7-7, 9-9), two face cards (K-Q, Q-J), or cards that could make either a straight or a flush (8-9, 6-7 of the same suit).

Bet strong: In no-limit Texas Hold’em, you can bet any amount, any time, so when you do have great cards, back them up with a strong bet.

Be a ‘bettor,’ not a ‘caller’: Remember, a lot of poker is psychological, so go out there and take control.

Be patient: Try not to act too quickly. Before you make a decision, think about how the betting has gone and what your opponent might have.

Online poker isn’t any different from the game you’re used to. All you have to do is download the free software, sign up for an account, put some money into the game, and you’re all set. From there, you can either play for free with virtual money or test your skills and wallet against other players.

Things that you will enjoy while playing Online poker:

  • Online poker, you can play against people anywhere!
  • You can play multiple tables at the same time.
  • Online poker operates at approximately 4 to 5 times the pace of offline poker.
  • In a live casino, players can initiate or call a bet verbally, and it’s binding. Online decisions are put into action with the buttons on your screen.

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How to Find the Best Betting Site

Best Betting SiteBetting is so much fun!! And now days there are tons of websites for betting, but how to know which ones are the best? You definitely don’t want to just sign up at any betting site.To get the most out of your online betting experience, you really want to be using one of the top sites.

Check WagerWeb and find the best betting site!!!!

 Use a Recommendation

If you have any friends that are into sports betting, then you could just ask them where they have had the best experience. Alternatively, you could take advantage of all the research and testing that we have done, and use one of our recommendations.

Always Use a Reputable Site

It’s absolutely essential that you only use gambling sites that are reputable and trustworthy. Most sports betting sites are perfectly safe. There are certain criteria a sports betting site should meet before you sign up and deposit your funds.

Find Out What Sports Are Covered

Most sports betting sites, and certainly the larger ones, cover all of the major sports. The majority of them all cover a good selection of less mainstream ones too. It’s a good idea to check exactly what’s covered before joining somewhere though, especially if there are any sports that you specifically intend to be betting on.

From Online Sportsbook, Casino Betting, Racebook Gambling, WagerWeb offers you the best online gambling options, check it now!

Pick the Right Site for You

Once you have established that a site is safe to use, you need now to start thinking about whether it is suitable. Most of the leading sites are suitable for pretty much everyone; but if you have any specific requirements, then you need to take them into consideration. If you know exactly what you are looking for from a site, you can again carry out some research to determine whether a particular option is suitable for you.

Look For the Best Value

To give yourself a decent chance of being a profitable sports bettor in the long run you really need to be getting the best possible value. This doesn’t just mean looking for the wagers that appear to be good value, it also means making sure that you are getting decent odds. If you are betting on the point spread, you may also want to consider the size of the spreads being offered. The same applies if you plan on handicap betting; check what value is available from the handicaps.

Check Out Deposit and Withdrawal Options

This is probably less of an issue these days than it used to be, because most places these days have a decent selection of deposit options. If you are limited in how you can deposit to a site though, or if you have a preferred method, then you should check out the available options before signing up somewhere. You don’t really want to have any hassle when it comes to depositing funds or withdrawing winnings.

Read Reviews

Another easy way to choose where to bet is to read the reviews we offer. We have written comprehensive reviews of several leading gambling sites, based on a combination of our own experience and additional research. They will tell you all you need to know about a site.

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