The buy-in for the event will remain at SC$218. If that amount of $weeps Coins is too steep, Global Poker will be running numerous satellites for the event beginning August 13. Players can win a ticket to the big dance for as little as $SC$3.30.
In fact, there is even a way to punch your ticket without spending a dime. On Aug. 18, Global Poker is hosting a special freeroll and giving away SC$5,000 in tournament entries.
The last few Sunday Scrimmages have not reached the old guarantee of $SC50,000. Potentially, this tournament could yield a SC$50,000 or greater overlay.
How does Global Poker work?
If the currency markers seem confusing, it is because Global Poker’s business model is unique.
Global Poker operates two currencies in tandem with one another: Gold Coins and $weeps Coins. The two currencies rarely interact with each other.
Players deposit funds into the site in order to buy Gold Coins. Gold Coins have no monetary value, but each purchase receives an equivalent supply of $weeps Coins for free.
Players can actually withdraw $weeps Coins for real dollars. Because the player cannot buy $weeps Coins directly, Global Poker becomes a sweepstakes entity rather than a gambling one.
Global Poker versus other rooms in the U.S.
With online poker legal and regulated in only three states (New Jersey, Delaware, and Nevada), American players are short on options for playing real-money games. They can either try the Global Poker sweepstakes system or take their chances with offshore sites that are murky in terms of legality.
One of these sites, the dubiously-named Americas Cardroom, has dealt with significant technical issues over the course of the past week. Its tournament series, with no less than $10 million in guarantees, suffered through three major DDoS attacks on consecutive days.
New Jersey is also reportedly targeting offshore poker sites, namely Bovada, to drive their operations out of the state. This type of aggression from states with regulated online gambling could ultimately lead to another crackdown on illegal gambling at the federal level.
If you haven’t tried Global Poker yet, sign up today and receive a free SC$2 to get your bankroll started. Satellites for the SC$100,000 Sunday Scrimmage are also running through Sept. 2.