Online poker is the game of poker played over the Internet. It has been partly responsible for a huge increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005, while a survey carried out by DrKW and Global Betting and Gaming Consultants asserted online poker revenues in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gaming, Grant Eve, a Certif.
Frequently asked questions about Global Poker
How does the Global Poker sweepstakes model work?
Global Poker sells a virtual currency called Gold Coins. These are virtual chips which players can accumulate and play with. However, they are not redeemable for real money.
When a player buys Gold Coins on the site, they are given bonus sweepstakes prizes in the form of $weeps Coins. The $weeps Coins can be used to buy into $weeps Coins tournaments and ring games on the site. Any $weeps Coins accumulated or won can be cashed out through WorldPay as real cash.
What sets Global Poker apart from the competition?
Outside of New Jersey, Nevada, and Delaware, online poker sites that welcome US poker players are few and far between. Those that do are offshore sites that are, at best, operating in a grey area. Players may find it difficult to get money on and off these sites and there are no guarantees their accounts will remain accessible and their money safe.
In contrast, Global Poker works with WorldPay, one of the most trusted and easily accessible online money transfer sites in the world. Ultimately, Global Poker’s ability to offer US customers online poker with a recognizable and easily accessible banking option sets it apart from its otherwise shady competition.
How long does it take to cash out on Global Poker?
Global Poker requires ID verification when a player requests their first cash out to make sure the money ends up in the right hands. Once documents are sent in, the site endeavors to verify them as soon as possible. Global Poker says the cashout process depends on whether or not the correct form of identification has been sent through. However, it normally it takes about five days for verification and an additional five days for the funds to be processed to your bank account via WorldPay.
Documents that can be used for ID verification include:
- Passport
- Driver’s license
- National/State ID
- Other government issued ID
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Documents that can be used for proof of address include:
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- Utility Bill
- Notarized lease agreement
- Bank statements
- Medical insurance