POKER Info about
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ABOUT:
Traditional venues for playing poker, such as casinos and poker rooms, may be intimidating for novice players and are located in geographically disparate locations. Brick and mortar casinos are also reluctant to promote poker because it is difficult for them to profit from it. Though the rake, or time charge, of traditional casinos is often high, the opportunity costs of running a poker room are even higher. Brick and mortar casinos often make much more money by removing poker rooms and adding more slot machines.
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LEGALITY :
From a legal perspective, online poker may differ in some ways from online casino gambling, but many of the same issues do apply. In the United States, the North Dakota House of Representatives passed a bill in February 2005 to legalize and regulate online poker and online poker cardroom operators in the state. The legislation required that online poker operations would have to physically locate their entire operations in the state.
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HOW ONLINE POKER ROOMS PROFIT :
Typically, online poker rooms generate the bulk of their revenue via three methods. First is the rake. Rake is collected from most real money ring game pots. The rake is normally calculated as a percentage of the pot based on a sliding scale and capped at some maximum fee. Each online poker room determines its own rake structure. Second, pre-scheduled multi-table and impromptu sit-and-go tournaments are not raked, but rather an entry fee, often around ten percent of the tournament entry fee, is added to the cost of entering the tournament. Third, some online poker sites also offer games like black jack or side bets on poker hands where the player plays against "the house" for real money. The odds are in the house's favor in these games, thus producing a profit for the house.
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