The Rise of Online Poker
Regulatory barriers have been a longstanding obstacle for online poker sites, but there are some recent developments that may allow the industry to grow. For example, the US Senate recently introduced the Internet Gambling Prohibition Act, but it failed to pass. As a result, online poker sites adapted their software and new sites started cropping up all over the world. Then, in December, the United States Court of Appeals for the Fifth Circuit ruled that online poker did not violate the federal Wire Act. However, the DOJ disagreed and claimed that online gambling was illegal.
Another difference between online poker and brick-and-mortar casinos is that the overhead costs for online poker venues are much lower. For example, adding a new table does not require valuable space and the players are less expensive. Moreover, online poker rooms often allow players to play for low stakes, allowing beginners and lower-income clients to join the action.
In addition, many online poker sites invest players’ money. Although these investments are low risk, they can be a significant source of revenue for the online poker industry. Regulations for online gambling limits the amount of risk that these sites can take with their clients’ money. Furthermore, the companies don’t have to pay interest on the money they invest in players’ bankrolls. This helps them avoid losing money while simultaneously maintaining a high level of security.
Moreover, poker players can also benefit from the use of poker software. These programs provide a wealth of information for players, such as hand histories and odds and equity charts. These programs also provide quizzes and scan hands to detect mistakes.