Online Poker Bonuses List - School Of Poker - Poker Room Reviews - Online Poker Resource center | ||||||||||||||
![]() |
||||||||||||||
Poker Online - poker free chips, school, freerolls list, poker room reviews and more... |
||||||||||||||
General Poker Information - FAQ:
Questions:
Is my connection secure? Can other players hack into my computer? Are my cards truly random? What is a random number generator? How do online poker rooms make money? If I win a lot of money will I get paid? Are the poker rooms financially sound? Is online poker just another form of online gambling? What are the advantages of playing online poker? How is online poker better than live games? What are the advantages of playing live poker games? What kind of computer do I need? What are the standard minimum system requirements? What happens if I get disconnected during a game? Do I have to pay taxes on my poker winnings? Should I be worried about player collusion? Is online poker legal? Who regulate and license the online poker rooms? Where can I find objective reviews of online poker rooms? Where can I find other online poker players? How do I fund my online poker account? How can I invest in online poker? Can I trust the online poker rooms?
Answers:
Is my connection secure? Can other players hack into my computer?
The best online poker rooms secure their connections with the same technology that secure online credit card and banking transactions. If you are comfortable with online banking, stock trading, or credit card use, you should feel comfortable with online poker as well.
When selecting a secure online poker room, look for websites protected by Verisign ( or Thawte Security, a subsidiary of Verisign ). Verisign and Thawte are considered two of the most trusted security certification authorities in the world. Thawte and Verisign security systems are used to protect the U.S. Securities and Exchange Commission, the U.S. Department of Defense, the State of Kansas and the State of New Jersey.
Verisign and Thawte security systems also provide security for private entities such as General Electric, Merrill Lynch, Lufthansa Airline, Cox Communications, and Hyatt International Hotels.
Online poker rooms secured by Verisign or Thawte should protect all communications between the poker websites server and the client program running on your computer with industry standard SSLv3/TLSv1 ( Secured Socket Layer ) encryption algorithm.
This means your cards, your name, your address, your credit card number, your password, and everything else that goes back and forth is protected using the same level of security that a bank would use. Other players cannot use packet-sniffing to gain any sort of advantage. Furthermore, each player's cards are sent exclusively to that particular player's computer. None of the other computers know what your hidden cards are, thus preventing an opponent from hacking their client software to determine your cards.
Online poker rooms protected by Verisign or Thawte will display the following security seals on their website:
Are my cards truly random? What is a random number generator?
No human dealer can randomize cards as well as a computer can. Online poker rooms use random number generators to ensure the cards dealt never fall into any predictable pattern. The random number generator uses the same algorithms that power the SSL encryption technology. ( SSL is the high security encryption technology used for online credit card and banking transactions ).
To add an extra layer of randomness into the mix, certain websites add additional entropic inputs from the physical world, such as rate of neutron emission from a radioactive substance.
How do online poker rooms make money?
Like the poker rooms in Las Vegas and Atlantic City, online poker rooms collect a small percentage from each pot, known as the rake. In real life poker rooms, rakes range from 5-20% of each pot.
Generally the bigger real life poker rooms charge at least a 10% rake to cover the overhead costs ( rent, dealers salary, etc) and the various amenities they provide (free drinks, snacks, shows, etc ).
Online poker rooms generally charge 5% in rake because they have relatively lower overhead expenses.
If I win a lot of money will I get paid? Are the poker rooms financially sound?
When you play online poker, you are not playing against the house. All the money you win comes from other players. The online poker rooms have nothing at stake in any of the games, the rooms simply sell chips to players before the game, and distribute money to the winners after the game. Because online poker rooms do not lose money when you win, you will get paid even if you win millions of dollars.
For example, in 2004, Party Poker hosted a 3.8 million dollar poker tournament. Televised by the Travel Channel, the tournament broke the World Poker Tours record for highest payouts in a single tournament. More importantly, Party Poker paid all the winners immediately, the most dramatic payout being the million dollar check presented to winner Eric Lindgren.
Is online poker just another form of online gambling? Online poker is not the same as online gambling. Casino games such as craps, slots, or roulette are games of chance, where the odds are stacked in the casinos favor. But when you play poker, you are playing against other players and not the casino. In poker, odds are the same for all players. What separate winners and loser is a matter of skill.
As Matt Damon said in Rounders, Why do you think the same five guys make it to the final table of the World Series of Poker EVERY YEAR? What are they the luckiest guys in Las Vegas?
What are the advantages of playing online poker? How is online poker better than live games?
What are the advantages of playing live poker games?
What kind of computer do I need? What are the standard minimum system requirements? Almost any Windows compatible computer purchased within the last four years will meet the requirements. A typical system requirement for online poker rooms looks like this:
What happens if I get disconnected during a game? Most online poker rooms have identical disconnection policies. Generally, if a player gets disconnected from the internet in the middle of a hand, he is given 20 seconds to rejoin the game. If the player does not return before the hand is finished, he is still eligible for the portion of the pot to which he has contributed. The remaining players can continue betting in the hand, while a special side pot has been set aside for the disconnected player. If the disconnected player ends up having the best hand, he will win the side pot to which he has contributed.
In the unlikely event of a game server crash, all games are cancelled and all chips at the table and in play will be refunded to players.
Do I have to pay taxes on my poker winnings? Yes. According to the IRS, gambling winnings are fully taxable and must be reported on your tax return. ( IRS Topic 419 ) Recreational poker players may claim gambling losses as an itemized deduction, but only to the extent of their winnings.
Should I be worried about player collusion? Collusion occurs in both online and real life games. Fortunately it is much easier to detect online collusion. Online poker rooms analyze each hand history with sophisticated algorithms to detect suspicious betting patterns and player interactions. Moreover, online poker rooms also monitor IP address to ensure people from the same location do not play at the same table.
Many of the classic poker cheats used in live games do not work well online. A good example is chip dumping the practice where one player intentionally loses his chips to his partner during a tournament. In a live game, chip dumping is impossible to detect once the loser mucks his hand. By the time you complain to the pit boss, the dealer has already shuffled the cards, erasing all evidence of the chip dump.
It is a different story online. Every single hand, even the mucked hands, are recorded and analyzed by security algorithms. If two players have a pattern of making ridiculously bad bets against each other during tournament play, the computer will detect it.
Is online poker legal? Online gambling is explicitly legalized and regulated in countries like Great Britain, Costa Rica, and Antigua. In the United States however, the legality of internet poker rooms, like many other legal aspects of cyberspace, remains unclear.
"The federal governments interest in gambling is pretty much limited to organized crime" wrote Professor I. Nelson Rose*, a leading legal authority in the gaming industry.
According to Professor Rose, "a regular player cannot get into trouble with the federal government even if the gambling operation is blatantly illegal unless he does something to help the business."
Prosecutors have charged players with being part of the gambling business when they helped operators collect debts from other players. But the very few times the federal Department of Justice has gone after regular players, judges have thrown the cases out. Recent case law seem to support Professor Roses view. In 2002, the Fifth U.S. Circuit Court of Appeals upheld a district court's dismissal of a lawsuit by gamblers Larry Thompson and Lawrence Bradley, holding that the gamblers failed to prove that online casinos and the credit card companies they used to process their wagers violated federal racketeering laws and the federal Wire Act.
The Fifth Circuit upheld the lower courts ruling that internet gambling in connection with activities other than sports betting is not illegal under federal law. As the court explained, recent legislative history of internet gambling legislation reinforces the Court's determination that internet gambling on a game of chance is not prohibited conduct under 18 U.S.C. §1084.
On the international front, the World Trade Organization recently ruled that U.S. prohibition against online gambling violates international trade agreements. The ruling was in response to Antiguans complaint that Americans prohibition against internet gambling has financially harmed Antiguans burgeoning internet gaming industry.
We lost many jobs as a result of the U.S. laws, said Sir Ronald Sanders, Antigua's ambassador to the WTO. This is justice done and a victory for the WTO dispute system. This proves that a small country like ours can take on a big nation and win."
The immediate impact of the WTO ruling is unclear. The U.S. is under an obligation to repeal their laws, Sanders said. But they will probably appeal and delay for as long as possible.
* Professor Rose is a gaming law advisor to state and national governments, including Arizona, California, Florida, New Jersey, Texas, and the federal governments of Canada and the United States. Professor Rose is the author of more than 300 books, articles, book chapters and columns. He is best known for his internationally syndicated column, "Gambling and the Law.
Disclaimer: Online Poker World is not a legal authority of any kind. The information provided in this FAQ is gathered from various news resources and law review articles. We make no representation or warranties regarding the accuracy of this information nor should this information be considered legal advice. Please consult the laws of your jurisdiction before playing.
Who regulate and license the online poker rooms? More than 50 governments worldwide license or regulate online gambling. Some of the more prominent gaming jurisdictions include Great Britain, Australia, New Zealand, Sweden, Germany, South Africa, and Native American nations.
One of the most respected regulatory jurisdictions is the Kahnawake Mohawk Nation. Located just outside of Montreal, Kahnawake is a sovereign nation whose right to self-government is recognized by the Canadian federal government.
Kahnawake Gaming Commission ( KGC ) drafted its gaming regulations with the guidance of Frank Catania, the former director of the New Jersey Division of Gaming Enforcement. Due to his influence, KGC regulations adhere to the same strict standards employed by gaming commissions of New Jersey, Nevada, and Michigan.
As Catania observed in his report, Gaming Regulation: The Kahnawake Experience: The Mohawks have established a regulatory scheme to protect people that participate in gaming entertainment over the Internet. This protection is achieved by assuring players that operators licensed by the KGC have passed a strict suitability investigation, including a financial check to assure that the operator has the resources to pay winning bets, and a technology check to ensure that the games are fair and honest. The Kahnawake Mohawks have taken the lead regulating Internet gaming.
The KGC uses two independent entities to ensure its regulations are being followed: The National Fraud Center and BBM Test Labs.
The National Fraud Center has over 30 years of criminal, regulatory and civil experience in the gaming industry and its experts have given expert testimony before the New Jersey Casino Control Commission as well as the President's Commission on Organized Crime in the Casino Industry.
BMM Test Labs is an accredited testing facility with over 23 years of auditing and regulatory experience. BMM provides auditing and verifications services for government-sponsored gaming institutions such as the Arizona Lottery Commission, Michigan Gaming Control Board, Montana Department of Justice, and National Gambling Board of South Africa.
Where can I find objective reviews of online poker rooms? The best reviews come from players like you. But you can check our reviews sections on this site.
Where can I find other online poker players? There are many vibrant communities of online poker players on the Internet. Try find some gambling forum communities.
How do I fund my online poker account? The best ways to fund your online poker account are credit cards, NETeller, and Electronic Fund Transfers ( EFTs ). For a detail answer, please refer to our Guide to Funding Online Poker.
You can use a credit card to purchase online chips the same way you would to buy books from Amazon.
Before you use credit cards, ask your credit card company whether your online poker purchases will considered a "purchase" or a "cash advance." Cash advances have a higher interest rate and may incur a small processing fee. Unfortunately, the credit card option is not available to all players. Many credit card companies refuse to process gambling-related purchases. If that applies to you, then NETeller is probably your best choice.
How can I invest in online poker? Many of the biggest online poker rooms are publicly traded companies. You simple find them on stock market.
Can I trust the online poker rooms? There are over 450 poker rooms on the internet and not all of them deserve your trust. Like any other industry, there are good apples and bad ones. The key to finding a trustworthy online poker room is making sure that the online poker room is regulated by independent auditors. All poker rooms list on this site are check and We never have problem with them.
|
|
|||||||||||||
Home Page | Links | Other Links | Site Map | Contact Us |
||||||||||||||
Poker Online Bonuses Information - Copyright © 2006 All Rights Reserved | ||||||||||||||
Partner sites:
| online casino bonuses | online bonus guide | casino free chips |
|
||||||||||||||