Letters to the Editor
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Online poker regulation
If ever there was something that was self-regulating, online poker would be it. It's so easy to set up an online poker site that initial buy in for a new competitor is relatively cheap. On top of that, if even a whiff of jiggered odds hits the web (and make no mistake, people that play on-line poker are generally web-savvy), the site involved will pay in lost revenue from people fleeing their service quicker than they can hire a PR firm.
Yeah, a few players may do some collusion, but even then, those players would get called out if they were drawing any significant amounts of money from their acts and the site will blacklist them very quickly. Just as in Vegas, they know that their profit margins are great as long as people think field is level, so they'll do what ever they can to keep things fair and just keep raking in their cut. Or they'll soon find themselves without customers.