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Bovada This Week

The Golden Spade Poker Open – $1.5M Guaranteed

This week, Bovada is entering The Championship Series of its biggest promotion ever, The Golden Spade Poker Open with $1.5 million in guaranteed prizes.

Running from October 19 to November 3, the Championship Series is the second stage of GSPO and offers mid to high-stake tournaments for as little as $22, culminating with a $300K Guaranteed Main Event.

Qualifiers and satellites to the Series events, including Main Event, start for as low as $1.75.

Check out the full schedule here.

Download Bovada by visiting this link.

Ultimate Poker Championship Series Started October 10

The site’s flagship series that started last Thursday will continue well into this week and feature over $250,000 in guaranteed prizes.

The remaining tournaments will consist of $100 and $200 daily events and will culminate in a $300 Megastack Main Event on October 20 with a $100K guarantee.

Satellites to all remaining events run daily and cost $10 to enter.

Download Ultimate Poker here.


P2P Transfers Considered, Dismissed for NJ Online Poker

The New Jersey online poker system, set to kick off in the state on November 26, does not plan to allow player-to-player money transfers via the online poker software.

PokerStars, who allows such transfers on their site and believes it is a key component to a site’s success, recently filed a motion with the New Jersey Division of Gaming Enforcement to reconsider the issue. The answer was a firm “no”.

The question was apparently brought up at regulatory discussions during the writing of the rules governing online gaming, but the option was dismissed as the regulators did not want online gaming sites to serve as “shadow banking”.

So, in the words of the Division: “To prevent fraud, collusion, and money laundering, patron to patron transfers of funds will not be permitted”.

Poker sites elsewhere have traditionally allowed transfers, which facilitate staking – to appease pros and those aspiring to be pros. But, in the new climate of online poker in this country – lead by established American gaming firms who don’t want to chance their reputation by any potential legal troubles – there may not be room for concerns as to what payment methods poker pros find the most convenient.