centpoker - centpoker.com
I am not the admin of the program.
Quote:
CentPoker.com is a free poker site, our users never pay anything to play here ... all play is entirely ad-supported, i.e., paid for by our advertisers.
CentPoker.com is just one of many places on the Internet where you can play online Poker with other people.
What makes CentPoker unique is that we're actually legal. Currently you can't run a gambling website from inside the U.S.
The way the site works is simple ... we give you 100 chips to start out with for free (the money value of that is dependent on the pot). The pot is equal to the total revenue the site has made. And you play poker like you would at any other online casino.
When (cough ... if) your balance gets high enough ($10), you have the option of cashing out for real money ... i.e., we tell our nice friends at WAMU to cut you a check for how much you want to cash out.
We're not the first site to do this, another site, CentSports.com started last year (OpenDNS) with this same model (only with sports betting instead of poker) ... right now it has a few hundred thousand users, so hats off to CentSports, and here we come.
This type of site is called an 'adver-gambling' site ... the site gives people some money to start out with, but if everything is balanced, in the end, the site ends up making more money from advertising than it pays out in cashouts.
The project started in response to a recent law Unlawful Internet Gambling Enforcement Act (which, shamefully, was officially termed the "Security and Accountability for Every (SAFE) Port Act of 2006" by congress ... look it up on Wikipedia). That bill made it illegal to use any online betting or gambling site that you could deposit money into, effectively shutting down all such sites which existed at that time.
For those of us who enjoyed playing poker for money, this was bad news. This project was our response to that. So there ... here's a site that is legal, and where people can play with real money. It's just like fantasy sports...if you've played that. Except this is poker, and we give you chips to start out for free, and if you get your balance high enough, you can cashout for real money.
Basically, when you first sign up for CentPoker, we give you 100 chips to play with. You can use this to play poker in the rooms. There are many different types of staked rooms in the game. If you lose all your money ... well, you start off with another 100 chips. Anything you win you keep and can use to keep playing, accumulating money as you go.
You can cash out whenever you want (as soon as you have a balance of over $10.00) ... procedurally, we literally just tell our bank, Washington Mutual to print and mail out a paper check for your balance ... just straight up, dollar for dollar.
Again, overall, the site makes more from advertising than people cash out ... though one of our goals in creating the site was to make sure that as much of the site's advertising revenue goes back to CentPoker users as possible (after all, they're the ones who earned it by viewing ads in the first place).
An IMPORTANT QUESTION ....
Q. Can I deposit money into my account?
A. NOOOOOOOOOOOO. You can't use your money to increase your balance in any way ... the only way you can get more is just by making money in the poker rooms.
You always have 100 chips to bet with (again, thanks to our advertisers), but you can't put money into your account.
For more information, visit
OpenDNS
Added for discussion
rajhere
Note:
Please do your DD before investing in any program.
