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Since the dawn of technology of mankind, there has been lots of competitions available for national viewing regarding card games, gambling competitions such as poker tournaments. These kind of shows have been proven to be loved by lots of viewers and card matches are known to be one of the most watched programs. Now, there has been phones and tablets that can utilize card games against players around the globe. This article will give you an information on the gambling and poker tournament history. Here's a good read about australian online pokies real money, check it out! 

 

History

 

In 1829, poker has been founded in New Orleans which revolutionize the tournaments we have today. But, the first World Series only held in Las Vegas last 1970 due to unstructured format. However, all things went to boom when online gambling started. It was in 2003 that Chris Moneymaker changed the poker for everybody when he won the World Series by playing online tournament. The much publicity it created was added a $1 million cash prize and the results garnered thousands of players today. Since then, the game has evolved to two largest competitions being held, the World Series and World Tour. To gather more awesome ideas on online gambling australia, click here to get started.

 

Competition Formats

 

There are different formats being allowed as options to players when joining professional competitions. First is the freeze-out format, which is the most common of all. Freeze out format is when the competitor is removed from the game by losing the chips they have. Finally, when the players lost their chips, a single winner will be announced. Following the freeze-out is the re-buy format in which the eliminated players could have another chance to win. Lastly, the least known format is shootout in which each table present will have to play until they have one single winner. The tables will then combine and try to oust each other at the final table. Meanwhile, the most used variances in poker are stud and Texas-hold-em.

 

Betting Structure

 

Lastly, the betting structure should be understand as this is an important aspect. There are variances on how much the players could hand each chip. A fixed limit type only allows competitors to bet an amount suited to the house. On pot or spread limit, there is an agreed range of how much bet can be given. Ofcourse, there is a no limit that gives the players the freedom to put as much money as they want to. The structure is an important part since they could affect how the competition will go. Kindly visit this website http://www.britannica.com/topic/gambling for more useful reference.