Hello guys! Lots of players have asked us our opinion as online poker experts about the project named Globalpoker, an online poker room for USA players based in the Sweepstakes model. In this article we are going to cover the main topics about Global Poker.
What is Global Poker?
Globalpoker is an online poker room using a model named Sweepstakes to offer real money games for USA players, with a big particularity: they have a legal patented model for withdrawal the winnings in the USA using the popular payment method PayPal. Global Poker parent company is VGW Holdings Limited, an Australian company.
Can anyone play in Globalpoker?
This is a good question, because the answer is very particular: Yes anyone can play in Global Poker, but only United States and Canada (except Quebec) can cashout their profits. This is straight. You can make a fortune in the room, but if you live in Russia or France, you will be unable to cashout any profit. Be careful with with: you can actually deposit and win money IN THE ROOM from other country, but it will be impossible to withdraw the profits. This is clearly stated in the account creation process.
When you create an account in Global Poker, you receive this message:
- Globalpoker currency is Gold Coins and $weeps Cash. 50,000 Gold Coins = 10 $weeps Cash. With the account creation you receive 5,000 Gold Coins (1 $weeps Cash). And 1 1 $weeps Cash = $1USD
- You can withdrawal profits ONLY using PayPal and ONLY in the United States. Global Poker remarks this is legal.
So what are Sweepstakes or $weeps Cash
This is the magic behind Global Poker. Sweepstakes is a type of contest or trade promotions with prizes awarded to winners. The Sweepstakes model is not new, it actually began as a form of lottery and a clear definition was that the winners were determined by luck and not by skill. It has been used for decades, but now the Globalpoker guys found a way to use Sweepstakes model with online poker, patented it and created a very popular online poker room in the USA, all legal for USA residents.
Now, the secret is that Global Poker actually sells Gold Coins (if you remember, you receive 5,000 Gold Coins for free when register, very generous! ;)), and players can use Gold Coins to play in cash games or tournaments. But Gold Coins are just play money. Except for something; Global Poker give away Sweepstakes (in the form of Sweeps Cash) and those can also be used to play online poker. And Sweeps Cash can be cashed out via PayPal. Easy right? Well, is not, it is a complicated business model, but it works, and this company is processing real money cashouts for more than one year, with one key factor: for being located in Australia, they are obligated to segregate the players funds, so they promote this as a safety plus.
What is the traffic in Global Poker?
As you can see in the lobby, lots of tables of any stakes (including NL2000) are played in Global Poker. Of course the peak traffic is the nights in USA. You can find up to 10 tables of NL100, 5-6 tables of NL200-NL600 and 2 tables of NL2000. Pot Limit Omaha is also played in Globalpoker, in peak time there are about 6 tables of PLO200-PLO400, and 8 tables of PLO100. Lower stakes are also played in Global Poker. SNG traffic is not that high, and about tournaments the biggest one is the $40,000 Guaranteed, a Sunday tournament with a $200+$18 buy-in. The fish are a constant in Global Poker.
What is the rake in GlobalPoker tables?
We have to say. Rake in Globalpoker can be considered as high. It his 5% with a cap per stake as showed in the following table:
Pot & No Limit tables - $weeps Cash Rake
|RAP; width:65pt">Blinds||%||2 Player Cap||3+ Player Cap||5+ Player Cap|
Pot & No Limit tables - Gold Coins Rake
What is the rakeback in Global Poker?
Well this one is easy. Zero rakeback and zero bonuses. This is not a traditional poker room. Globalpoker "invented" a new way to legally play online poker in the USA, and this is why their VIP program seems like 0. Also, Global Poker is mainly promoted as a recreational site, so recreational site and rakeback don't go together most of the times. There are some promotions inside the room, like access to tournaments and leaderboards, and a cool system of challenges, all prepared for recreational players.
What about the Global Poker software?
If you play in Nitrogen Sports, or are right now investing in Betking, you clearly know the Globalpoker software. All the mentioned rooms use the Cubeia software, a powerful HTML 5 software very popular right now. You can play in multiple tables, choose modern avatar and enjoy the benefits of a modern poker application.
How can I cashout from Globalpoker?
Cashout out from Globalpoker is not a friendly process; in includes lots of verifications and remember, you can only withdrawal being located in the USA and using a USA PayPal account. If you are ready to cashout your profits from Global Poker, we recommend you the following:
- Have ready your documents: ID and utility bill, with your name an address on it. Utility bill is required to be up to 3 months maximum.
- Have ready your USA PayPal account, and if you can, use the same email address for all the involved accounts (PayPal, Global Poker, Facebook, etc)
There are lots of experiences of players cashing our their profits from Global Poker, and all the process depends on the availability of the user information.
Final toughts about Globalpoker
Globalpoker uses an unique model to offer legal real money poker in the United States and Canada. We cannot say is the best room (no rakeback, high rake, very strict cashout process), but is clearly an option for USA poker players to keep in the online poker world.
If you live in USA, you must give a try to Global Poker, good fish, good traffic and legal money to your PayPal accounts sounds actually pretty good.
This is all guys about Globalpoker, let's keep winning at the tables!
Juan, Worldpokerdeals team