Tuesday, November 27, 2007
Poker
Through researching these online gambling sites, I think I have discovered the number 1 reason why they are so profitable: Poker. Poker is offered n almost every gambling site out there. The example I used was Bodog Poker (no link because it requires a download). After downloading it to my computer, I saw that every hand of poker played on this site, costs the winner of the hand 1 cent. Does not seem to be all that much, but then a did some number crackdown. There are roughly 100 to 150different "real money" poker rooms offered. Different styles of poker. amounts of players allowed in the room, as well as different buy-in requirements seperate certain rooms. Nonetheless, each room takes 1 cent per hand. Although in no way, shape, or form is this reasearch scientific, I came up with that there are around 30-40 hands of poker played, depending on how many players are in each room. So, by taking the average of both, lets say there is 125 rooms with an average of 35 hands played each hour. This makes Bodog $435.50 per hour, roughly $10,500 per day, and an astounding $3,832,500.00 a year. ALMOST 4 MILLION DOLLARS!!!!!!! For what? Running a computer program that allows people to play online. I mean, there is no risk involved here. Its just a mere 4 million Bodog gets to pencil in for expected profits each year. Although this 4 million comes from people all across the world, the vast majority of all online gambling comes straight from American citizens, directly to Costa Rica or some other country that has a company offering online gambling.
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