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Online Poker

Christopher Irwin

Christopher Irwin

on 21 April 2010

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Transcript of Online Poker

Online Poker History In 1998, the first online poker site,
"Poker Planet" was launched. In 2001, Pokerstars, Party Poker, and
several other major sites enter the
online poker industry. In 2003, Chris MoneyMaker brings
attention to the online community
with his victory at the WSOP main event. Controversy Legal Status The current legal status of online poker in the united states is very unclear. On October 13, 2006 President Bush passsed the Unlawful Internet Gaming Enforcement Act (which prohibits online gambling sites from performing transactions with United States financial institutions). Organizations such as the Poker Players Alliance (PPA) have been formed to protect and advocate the rights of poker players to play online. One of the most common misconceptions about
the game of poker is that it is a game of "luck" and
that it does not involve skill. This misconception has
often caused online poker to be lumped in with other
casino-style gambling games when it comes to
government regulations. If poker were to be properly
classified as a "skill-based" game, then it would exempt
from these laws. Luck vs. Skill Mathematics: for calculating the odds and probabilities of certain hands. Psychology: reading the other players at the table, and being estimate the strength of your opponents hand Patience: discipline when waiting for the right hand. Money Management, protecting your bankroll. Traditional Poker Poker is a card game that consists of
betting and a system of hand rankings. Poker is often thought to be a variation of
several earlier games including: China, 969 AD. "Domino Cards" Egypt, 12th and 13th Centuries. Persia, 16th Century. "Ganjifa" or "As Nas" Spain, 16th Century. "Primero" France and Germany , 17th & 18th Century. "Poque" or "Pochen" The game of poker first arrived in North America
in the early 18th century when French colonists
settled in Canada. The card game then made it's
way south to New Orleans with a group of French
Canadian Settlers. From there, the card game
spread across the United States and developed into
the traditional game of poker that we know today. While many people consider poker a game of "luck", there are many different skills involved, including: Online vs. Traditional Poker Most of the current laws and regulations regarding online gambling in the U.S. apply only to the "operator" but not to the "customer". What this means, is that it is legal for a player to play poker on these websites, but the operators of these gambling websites are in violation of federal law. To avoid this, most of the industries leading sites have resorted to locations overseas. The goal of the Unlawful Internet Gaming Enforcement Act, was to prevent players in the U.S. from being able to transfer funds to these online gaming sites. As a result, Partypoker and several other sites have decided to exit the U.S. market all together. On the other hand, the remaining sites such as Full Tilt and Pokerstars are still able to accomodate U.S. customers by taking advantage of loopholes in the current regulations, as well as introducing new methods of deposting funds. While poker involves many different skills, it can also teach one several different concepts: Profits and Losses
Risk vs. Reward and Investments
Logical Thinking
Adjusting to changing situations
Playing poker online is much different than a traditional card game: More hands: It is possible to play far more hands online than it is in an actual casino. Multiple Tables: Many online players take advantage of the fact that you can play at more than one table at once. 24/7: Online poker is available 24 hours a day, while it is much more difficult to find live games. Less Information: Because you are not face to face with the other players, you have less information to go by when making a decision. (ie: tells, ect.) VS Beacuse poker is a "skill-based" game, it should not fall under the same regulations as other types of gambling, and Online poker should be a legal and regulated industry in the United States. The End Credits:
"Is Online Poker Legal: Online Poker and U.S. Law" <http://www.playwinningpoker.com/online/poker/legal/>
"A History of Poker". <http://www.pagat.com/vying/pokerhistory.html> Poker Player's Alliance. <http://www.thePPA.org. "SAFE Port Act". <http://en.wikipedia.org/wiki/SAFE_Port_Act> "Positive Aspects of Poker". <http://www.scribd.com/doc/3044897/Positive-Aspects-of-Poker
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