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Paddy Power wants to profit from online poker

11 January 2005

All games will be available for players in European countries but the company’s target is to focus Irish and British players.

Paddy power will earn about 2% of each pot, as it enables players the opportunity to play live with players hosted by other sites. That is, a no-risk betting system for the company.

The company also plans to organize online tournaments in which players will be required to pay €10 or £10 into their betting account; however the bookmaker will not extend credit. Inexperienced players will be able to play with 5p or 5c, and they are expected to make up the majority of the players in the site.

Paddy Power earned one million euros during the first six months of operating an online casino that was launched in January 2004. Out of eighteen different providers in the UK and Ireland readers and players voted for the company as the best online betting website.

OPN Staff
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