A Shot has been almost two big centuries since poker which is one of the kinds of gambling was introduced and it touched new peaks lately with the introduction of online gambling. Poker has become so popular that today we have a variety of gambling sites because of the game. Sports book was the first to be published in the Internet and this was during the 90s. Thus online poker was not the first to enter the field of online gambling.
Micro gaming was the first kind of gambling to be introduced in the Internet and this was in the year 1994. Today it has grown to become a famous developer of gaming software.
Planet poker was the first entrant to the field of online gambling and this was introduced in the year 1998. This was followed by better and bigger gambling sites in the next few years. The rate structure of a maximum of $3 which is about 5% has been considered as the industry standard since its inception.
Currently we have Paradise poker who is leading the industry of gambling online and this was introduced in 1999. Dutch Boyd created Poker spot at about the same time is noteworthy. This was the first group to enter online gambling and they started online poker tournaments. This was a success until the group faced a problem in withdrawing the deposits of the players from their credit card partners. Players were not given their share of winnings as the group itself was not given the due funds. This consequently resulted in the closure of the Poker spot group.
There were about 700 such online gambling sites by the time Poker meted out a failure. A survey conducted in March 2001 revealed that about 800 million people had gambled their funds in the net. One year later, online casino produced its first millionaire, who received 1, 594, 649 dollars on 30 May, 2002.
After the misfortune that befell Poker spot, online gambling sites started using. This is known to be the system which funds the online gambling sites with huge funds. Players are freed from the trouble of using the wire transfer system or credit cards when they need to deposit in an online pokers site. The introduction of Neteller’s system had reduced frauds and improved the credibility and reliability of the industry.
The year 2001 was a welcoming year for online gambling with the2 big players, Poker Stars and Party Poker entering the field. Party Pokers became the top player in the industry after they overtook Paradise in the year 2003 with their strategic advertisements on the media
They also came up with Party Poker Million along with World Poker tour to attract people across the world and they succeeded in the US. The fascinating story of Mr. Chris Moneymaker also added to the growth of online poker gambling. It is said that moneymaker paid 40 dollars to get into the poker contest.
He became a big pot in the world’s series of pokers with his success in the tournament. He is said to have defeated 839 other people who had participated in the poker contests and was declared the winner of 2. 5 million dollars. The poker tournament conducted in the year is adjudged the biggest ever held in the history of Poker’s.
Mr. Moneymaker’s success became an inspiration to many people who came forward to learn and play poker online and this led to the growth of the game in different dimension in the year 2004.
Pokertips. org provides a lot of information about the game and also trains those who are interested. The online gambling firms made a lot of money during the year and the year saw two another entrants- Full tilt pokeralong with Nobel poker. Sportingbet acquired Paradise Poker and the business entered a success phase as the former was a listed company. It is optional for online casino to list themselves in the stock markets but it helps them acquire funds for the expansion of the business.
The UK government has passed a bill which makes internet gambling absolutely legal and contains certain regulations that makes an online poker a global phenomenon.