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Online Gamblers Are On Poker Heaven
By Peter Werth Published: 08/18/2009
Poker as 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 sites have sprouted in the past few years driven mainly by the popularity of poker. However, online poker did not pioneer casino gambling online, as sportsbooks were the first to arrive in the Internet during the mid-90s.
1994 was when the first online gaming casino was introduced by Microgaming, who are now a popular gaming software developer.
Established in 1998, Planet Poker was the first mainstream online casino. However, over the years there have been bigger and better poker sites introduced into the industry.
The unreliability of Poker Spot's system that was introduced in 1999 eventually resulted in its collapse afterwards. Basically, they couldn't withdraw player funds from credit card suppliers and thus couldn't pay anyone their winnings!
In 1999 there were around 700 online casinos, and a survey in 2001 resulted in a phenomenal 8 million people that had gambled online at some point in time. Then only a year later in 2002, the first online casino millionaire emerged from the masses. The lucky winner won just over $1,500,000 on May 2002.
Other online casino gambling sites were able to avoid Poker Spot's fate with the use of Neteller's e-cash system. Neteller is today known as having the top funds transfer system for the online casino gambling sector. The e-cash system frees the player from using a wire transfer service or a credit card when depositing in an online poker room. Neteller's system has also minimized fraud and boosted the credibility of the industry.
Party Poker and Full Tilt Poker overtook Paradise in 2003 as the industry's top players with their strategic advertising on television. Full Tilt Poker took that even further by sponsoring all the top professional poker players, so gamblers could play against the pro's at their online poker tables.
The world poker tour was also introduced through online poker rooms such as Full Tilt and part Poker. Through such events, people such as Chris Moneymaker have contributed to the success and popularity of online poker... Chris went from paying a $40 entry fee to winning the world poker series!
His victory in the small tournament gave him a spot on the World Series of Poker. Mr Moneymaker defeated 839 other online poker contestants and won the top prize of $2.5 million. That year's World Series of Poker tournament is still believed to be as the biggest ever staged in its short history.
This sort of Cinderella story has been fuel on the fire, causing more and more people to try their luck at poker.
Listing on the stock market has become an option for online casinos to raise funds for expansion. Sportingbet's acquisition of Paradise Poker also opened new doors given the new owner's status as a listed company. Online training sites offer easy to learn advise on how to play the game. Revenues of online casino gambling firms rocketed during the year, which also saw the entry of new players such as Full Tilt Poker and Noble Poker.
The UK government also passed a bill that legalizes and regulates internet gambling, this indicates that online poker is here to stay... and is already a global phenomenon. - 28385