Online poker is the game of poker played over the Internet. It has been partly responsible for a dramatic increase in the number of poker players worldwide. In 2005, revenues from online poker were estimated at US$ 200 million per month.
Typically, online poker rooms generate the bulk of their revenue via four methods. First, there is the rake. Rake is collected from most real money ring game pots. The rake is normally calculated as a percentage of the pot based on a sliding scale and capped at some maximum fee. Each online poker room determines its own rake structure.
Second, pre-scheduled multi-table and impromptu sit-and-go tournaments are not raked, but rather an entry fee around ten percent of the tournament entry fee is added to the cost of the tournament.
Third, some online poker sites also offer games like black jack or side bets on poker hands where the player plays against "the house" for real money. The odds are in the house's favor in these games, thus producing a profit for the house.
Fourth, like almost all institutions that hold money, online poker sites invest the money that players deposit. Since the sites do not have to pay interest on players' bankrolls, this method can be a significant source of revenue.
Held annually in Las Vegas, the WSOP is the largest and most prestigious poker tournament in the world. They are made more than 50 tournaments during the month and a half of the series, with thousands of players to dispute with the huge premiums and bracelets. There are many variations of poker and the series culminate with the Main Event of $ 10000, which in itself in recent years has attracted thousands of participants.
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