While it is possible to earn a good living playing poker in a casino, the odds are far more in favor of online games. Generally, an online poker player with a 5% win rate will earn less than $4 per hour, barely breaking even after tips for the dealers. However, online poker rooms offer more generous starting hand limits, and winnings from these games are far higher. To break even, a player must make good decisions within the allotted time at each table, which can be as high as eight tables at once.
Legality and regulation of online poker varies in different countries. In the United States, the Unlawful Internet Gambling Enforcement Act (UIGEA) was passed into law in October 2006. Hopefully, the new administration will alter the UIGEA and allow online poker to become a thriving industry. Nonetheless, online poker is legal in several countries, including the United Kingdom, Canada, and Delaware. In the future, more states are expected to legalize online poker.
At Bovada Poker, players can enjoy tournaments and cash games. Tournaments are similar to the World Series of Poker, in that players compete for money by surviving as long as possible. Cash games differ from tournaments in that they typically offer multiple hands, with larger blinds. Players can also buy in if they have a losing stack. When playing cash games, it is advisable to check the minimum and maximum limits before deciding on your play money.
While live poker differs from online poker in many ways, the main differences between the two are in the skill levels of players. While playing a live game of $1/$2 NL cash, the opponents will likely be softer. For example, an online $1/$2 NL cash game won’t feature players with as much experience as the ones you will find in a casino. Furthermore, live poker does not offer lower stakes games, so players can play for pennies.