If you’re interested in the rules of online poker, you’ve probably seen the bar chart created by Nathan “BlackRain79” Williams. In 2009, the bar chart went viral, cataloging Williams’ winnings and losses. One of the most eye-catching images of this bar chart is Nathan’s $53 profit from $0.50/$1 blinds, a table where he previously lost more than twice as much. In fact, Williams’ winnings at this table were so spectacular that he posted the bar chart online.
UIGEA
In the United States, the UIGEA is a controversial piece of legislation. Though it does not prohibit online gambling, it does ban businesses from accepting transactions connected with this type of gambling. As a result, the UIGEA had dire consequences for online poker providers. Faced with the prospect of being shut down completely, they were forced to choose between being banned in the US market or closing their doors to American players. This was made especially difficult because banks were hesitant to participate in money-transferring activities that are related to online gambling.
Regulations
The debate on Regulations for online poker rages on in the United States. Many members of Congress have argued in favor of regulation, but others argue that it’s unnecessary. The issue of online poker was discussed at a hearing hosted by the Subcommittee on Commerce, Manufacturing, and Trade. Representatives John Campbell (R-CA), Frank Wolf (R-VA), Barney Frank, D-MA, and Joe Barton (R-TX) shared their insights on online gaming. In addition to testimony from state representatives, Dr. Rachel Volberg of the University of New Hampshire presented research on gambling habits.
Bonuses
Most sign up bonus poker offers will include freeroll tournaments, which are open only to new players. Often, the prize pool is well over a thousand dollars and draws hundreds of players. If you are a regular player, finishing in the money can add substantial value to your bankroll. You’ll find the rules for these tournaments similar to those for regular tournaments, but the best part is that your winnings are yours to keep.
Tilt control
Tilt is one of the most common problems in poker, and no player is immune to it. When emotions run high during a game, players tend to make emotional decisions that contradict their rationale. By using tools to recognize when you’re on tilt, you can prevent this from happening. Hopefully, you’ll soon feel the benefits of tilt control in online poker. Here are three tips to keep you on the right track.
Depositing
Before you deposit money at an online poker site, you must decide what type of payment method is best for you. If you prefer a cashier-style deposit, you can use Bitcoin. Bitcoin deposits are instant and safe. You do not have to disclose your credit card information. Also, these payments are safe because third-party regulators monitor them and ensure they are not used by scammers. For those who do not have a credit card, wire transfers are ideal. And they have low fees.
Withdrawing
There are several methods for depositing and withdrawing money from an online poker account. eChecks are one of the easiest ways to deposit and withdraw money. This method is free, safe, and quick. Some poker sites also offer bank wires as an option for withdrawals. While this is not the fastest method, it is the most convenient way to withdraw funds. Bank wires also offer the highest amount of security and privacy.
Legality
One of the biggest questions concerning the legality of online poker is whether it is still legal in the United States. As of now, the answer is not completely clear. However, there are a number of different opinions on the matter. For starters, some groups believe that online poker is not illegal. Some even say that the UIGEA is not relevant to online poker, but there are some important details to be aware of when using the Internet.