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Calling All Millionaires. Building an Online Poker Empire (Page 1 of 2)
The internet has opened doors to miraculous opportunities. Every person around the world can literally become your customer if you have the right product or service to offer them. Many people have become wealthy because of the internet, but some have become mega wealthy.
The online gaming industry has produced multiple Billionaires over the last 7 years. That’s billionaire with a B. Take Ruth parasol, the co founder of Party poker (Party Gaming). Ruth standed to make an additional $683 million the day her company went public. Then, there is Calvin Ayre. He founded the Bodog sports book empire. Bodog takes hundreds of millions of dollars in beting action each year.
There appears to be a shroud of mystery around the legality of online gaming. At times, the United States government has intervened and tried to police the world as one nation. The interesting thing to note is that there are many variables to setting up and doing business as an online gaming company. US citizen or not, the US government has only gone after sports book and sports book processing companies.
In the past 7 years, US citizens contributed most of the online gaming revenue globally. In the past two years, things have really started to change. Regardless of recent US law changes, US players really haven’t slowed down with online gaming. Online gaming is growing at a cancerous rate. This is because of internet broadband expansion on a global basis. Citizens from other countries across the globe are starting to place wagers online. They are finally able to do so because of high speed internet access availability..
If every US citizen stopped placing wagers online today, the online global gaming industry would still grow at an alarming rate. What’s even more interesting, is that NOT one US citizen has ever been prosecuted by the US government for taking wagers online from non-us citizens outside of this country.
Thanks to client language software (software that runs in different languages), it is now possible to market gaming globally and successfully. You can be a US citizen, and legally own and operate an online casino, poker room, and or sports book, providing that NONE of your customers are in the United States, or are US citizens.
The recent US law banning US poker may get repealed this month. You can learn more about that by researching the UIGEA repeal ACT to be held on September, 26th, 2007. Not to mention, it looks like the government will never go after poker rooms due to the public unrest involved against the law. There are at least 5 large successful poker rooms that still take US players. They promote their poker sites all over television with US poker celebrities as their spokesmen. They are Poker Stars, Ultimate Bet, Full Tilt Poker, Absolute Poker, and Doyles Room. One of the founders of Doyles Room is Doyle Brunson. Doyle lives in Nevada and doesn’t hide under his bed. The only type of gaming site that the US government has ever gone after is a sports book. The only type of processing company the US government has ever gone after is a processing company that would process the sports books deposits/withdrawals.
Five of the Best Poker Books for Starting Your Career as a Player
You have seen them on the sports channels: the big-time players dealing cards and playing it cool under the Vegas lights. Perhaps you have even dreamed of one day becoming a high roller. How hard could it be, really? The guys on TV make things look so easy. Of course, the reality is that poker is a game easy to learn but difficult to master. And if you plan on mastering it, it helps to have a few good tricks up your sleeve. But before you get into figuring out a way to beat the high rollers, you need to become grounded in the basics. And there is no better place to get an education than the five books listed below. While these may be what you would call “starter books,” they are poker books filled with spectacular information that will allow you to gain a solid footing in the game, so that your knowledge grows into a full-fledged education for how to excel. So without further ado, here they are!
1. Poker for Dummies: Don’t let the title fool you. Reading this book will leave you anything but a poker dummy. All of the basics are covered in this manual by Card Player Magazine writer Lou Krieger, along with extensive info on the many variations of play and a nice reminder on what it means to your experience to keep fun at the forefront.
2. The Poker Player’s Bible: Another Lou Krieger book, The Poker Player’s Bible promises to take your game to the next level. It helps to have a handle on the basics, but there is a primer for you if you don’t understand it all together. From there, Krieger goes into all the different strategies for poker games such as Omaha, Texas Hold ‘Em, and Seven-Card Stud. By the time you are done with The Poker Player’s Bible, if you have really stopped to hone in on and focus on the information, you will be anything but a beginner.
3. The Complete Idiot’s Guide to Poker: Like Poker for Dummies, The Complete Idiot’s Guide to Poker will leave you feeling a whole lot smarter about the game itself. “Poker Pundit” Andrew Glazer writes this easy-to-follow manual, which is much more useable as a flip to where you need it reference book rather than a straight cover-to-cover document.
4. The Smarter Bet Guide to Poker: Basil Nestor’s 128-page manual for learning the game of poker is a bullet-fast read. It contains succinct information on how to play with plenty of tips and tricks and a section at the end of each chapter that summarizes what you have already learned. This constant reinforcement ensures that you will have a firm grasp on the basics before moving on.
5. Winning 7-Card Stud: Ashley Adams, for those of you who want to get more specific, takes you on a journey into the intricacies of the seven-card hand. With key tips and strategies, you’ll always want to suggest this variation at a party once you’ve finished!
Poker books are a great way of learning and perfecting your craft if you want to be a high roller. With proper attention and care, that’s exactly what you’ll be.