Online gambling is one industry that has expanded by leaps and bounds over the last few years. The growth that this industry has experienced is only seconded by that of social networking, so you can imagine the intensity of growth. This exponential growth can be mainly attributed to online poker, which has grown from revenues of $82.7 million in 2001 to $2.4 billion in 2005.
Traditional land based (brick and mortar) casinos can be an intimidating place for novice players and the geographical constraints of these casinos (restricted to a few major cities) makes accessibility difficult. Brick and mortar casinos also involve a large sum of cash, thus increasing the risks by a great extent. On the contrary, online casinos have much lower betting scales, thus reducing risks and increasing the number of players. This strategy is analogous to retail chains using mass production to woo consumers. Legality of online poker has always been a cause for concern for many. Fortunately, players from states in which online gambling is not legal can still gamble online on casinos based in other countries. If you live in Nevada than you’re able to enjoy the best online Las Vegas holdem poker games, for the rest of us we will have to wait a bit longer for that true Vegas feel.
Now the question that everyone has been waiting for, how do online poker rooms profit? Primarily there are four ways through which online poker rooms are known to generate revenue. First of the four is rake. Rake is generally calculated as a percentage of the pot based on a sliding scale, which is also capped at a maximum fee. However different websites have different rake structures. Since running an online poker room is much cheaper than an actual poker table the rakes are much cheaper online. Online poker websites are known to promote secondary games like blackjack which also helps in improving the revenue generated. Investment is another way that online poker houses generate revenue.
Fairness is one aspect that comes under a lot of scrutiny when it comes to online poker. Randomness in the shuffle is one aspect that is debated very often. Critics assert that the shuffle always favors the house. Insider cheating is another avenue that people are known to exploit online poker. However, the fact is that almost all online casino sites have software in place to generate cards and numbers in a completely random fashion. Hence, as long as you pick a reputed online casino, you should have no worries as to the fairness of the hands being dealt or the numbers generated.