Global Poker Madness is just around the corner. It is an SC$200,000 guaranteed no-limit hold’em tournament that starts on April 1st with a buy-in of $540.
If you think that the SC$540 entry fee is too expensive for you, you don’t have to worry at all. Global Poker has their schedule for SC$1.50. The weekly SC$77 satellites already have a guaranteed number of ten seats each. However, it will be increased to 25.
How Exactly Do You Get to the Main Event?
Stage 1: The SC$1.50 satellites award a stage 2 ticket for every SC$11 in your prize pool.
Stage 2: The SC$11 satellites provide a prize of stage 3 ticket for every SC$77 in the prize pool.
Stage 3: The SC$77 satellites award main event seat for every SC$540 in the prize pool.
Of course, it is easier said than done. However, even if you are starting small, you do have a fighting chance to get yourself all the way to the main event.
Understanding How Sweeps Cash Model Works
US and Canada based poker aficionados have been enjoying Global Poker’s offering since the company launched in December 2016. What it offers to the table is a social gambling theme, increased tournament guarantees as well as the possibility of depositing and withdrawing money via PayPal.
So how exactly does the $weeps Cash Model work? But before we get into the details, let’s take a closer look at the company first. It is operated by VGW Holdings Limited and has been incorporated in Australia in 2010.
It is quite different compared to other online gambling sites mainly because of its patented virtual currency gaming business model.
Instead of using real money that you deposit via a bank or via other means, Global Poker provides you two options in order to play on their website. You can use either Gold Coins or $weeps Cash. What makes Gold Coins different from $weeps Cash? One, Gold Coins is virtually play money that you can’t cash out. However, you can use your Gold Coins in order to play within the site.
On the other hand, $weeps Cash is something that you can win via sweepstakes prizes and can be cashed out via PayPal.
But of course, there is always a catch. You just can’t purchase $weeps Cash. Instead, you will have to buy Gold Coins via PayPal. $weeps Cash can be obtained for free as it comes as a bonus with the Gold Coins. Though it sounds confusing, it is simpler in actual application.
For instance, for a $10 package, you get 50,000 Gold Coins along with “free” $10 $weeps Cash. Once you have purchased the package of your choice, you can now switch playing between Gold Coins and $weeps Cash by clicking “switch currency”.
Fast Cash Out
Global Poker is known for safe and fast cashouts mainly because of their strong relationship with PayPal. According to Joseph Del Duca who works as Head of Communications at Global Poker, he explained that “Before starting that relationship with them, we asked them to take a look at our business model and ensure they were comfortable with it. We were entirely transparent in this process and PayPal did their own comprehensive due diligence. As a result, they are happy with what we do and how we do it.”
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