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There is no HOUSE in Poker?There is no HOUSE in Poker?
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 casino’s 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?”
Are the poker rooms financially sound? If I win a lot of money will I get paid?
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.
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