It is human nature to get attracted for money and that to for the platforms, which are offering real money for playing games by where ever you want, that is why the online poker is attracting so many people to its arena. And we can see nearly hundreds of Online Poker games these days.
Really what is Online Poker? Here is the words, It is a venue where in people from different geography come together for playing poker game with the help of modern technology without any physical contact by the individuals which was previously played in casinos and poker rooms. It was in 1998, where Planet Poker introduced online card game to offer real money. This in time, turned to be a great success and lending their hands for the development of similar type of online card games.
Online poker game is so famous that, this venues revenue grew from $ 82.3 million in 2001 to $ 2.4 billion in 2005 and is expected to grow $ 87.75 billion by 2024, but it is essential for us to know, where this source of revenue is generated from. It is from 4 ways. First, there is the rake, similar to the fees paid to a bookie for hosting the game. Second, percentage of commission received from the players through online like 5% to 10% of the tournament buying. Third, they also earn from providing or offering side games like roulettes, black jack or side bets and also some times through advertisement in their platforms. This is most common in use and can be seen in each and every online poker games. Fourth, investing the money deposited from players in stock market, bonds and mutual markets, which not only generate the revenue to the company but also set a motive for them to develop and to update their platform regularly.
Considering the legal perspective, online poker may differ in some ways from gambling but it is not legal in every country and some countries treat it has an offence to provide legality. And also online poker is legal and regulated in many countries but if we consider India gambling and casinos are illegal, but playing poker online is legal if the online poker playing website reduces TDS from winnings.
And it is said that a majority of players are long term losers, but they are not the only victims. Poker has a corrosive impact on the lives of even the winners also. Maybe a player can achieve excellence at the game by playing it a lot; and then need to put in volume for the edge to manifest itself in profits.