If you have just decided for an online poker play but don't know how to make a deposit at an online poker room, then this article will prove quite helpful for you.
How You Can Transfer Funds to an Internet Poker Room
Most of internet poker rooms offer their potential players a great choice of deposit options which range from direct credit card charges to bank transfers and even e-wallet services. Each option has its own pros and cons, particularly for players from USA where depositing money on an online poker room can be a tough job, but not impossible.
Credit card is the best option of depositing money on a poker room. There are many options: online poker sites allow you to use credit cards like Visa check cards, debit cards, and regular Visa and MasterCards. This is the most popular choice of first time depositors; banks have targeted credit cards obeying the new U.S. legislation that prevents money transfer from a U.S. financial institution to an internet poker room. Online Poker Play is not illegal, but it is quite difficult to transfer money to a poker site.
Due to the new American Legislation, many leading online poker rooms like Poker Stars, Full Tilt Poker, Carbon Poker, Absolute Poker and Cake Poker don't accept players from USA.
Apart from Credit Cards, there are many other fund transfer option among with E-Wallets is the most popular. E-wallets are a series of web based companies that act as a 3rd party funds transfer company. You can deposit money onto the e-wallet either through a credit card or bank transfer and then use the e-wallet service to transfer funds to any online poker rooms. Certain poker sites have different e-wallet depositing options but the most popular are Moneybookers, WebMoney. eWalletXpress, and EntroPay.
How Much You Should Deposit In An Internet Poker Room
When you have decided the best deposit option, you need to determine the amount that you should actually deposit to a poker room. The very first thing that you need to consider is the type of stakes you would be playing and the purpose for which you have decided for online poker play. If you are the recreational first time player, then it better to keep your first deposit under $100. There are many excellent low buy-in tournaments, Sit'n'Go tournaments, and small stake cash games in which you can play. It is possible to building a solid bankroll from less than $50. Recently, a PokerStars pro has proved that players can make $100,000 in less than one year by starting with just $5.
If you are more serious to become an online poker pro, there you need to consider many important things as very few players ever make enough to play at online poker tables continually to make a living. If you still want to make online poker play a way living, then start with $250 and moving up the stakes as your winning percentages move increases. The game of Poker has several variances. Hence, it is quite impossible to win every time and you must have a lot of patience.
How You Can Withdraw From An Internet Poker Room
If you are a USA based player, then the best withdrawal option is to be issued a check from the poker site. You can also use a direct bank transfer but it can create problems for you. However, withdrawing isn't generally a problem. You need to send your identity proof to the poker site but the money is due to any player who requests it.
If you live out side USA, then you have a wide range of withdrawal options. You can withdraw your winnings directly to an e-wallet or a bank account. This process can take a few days, but isn't generally a problem. Here, you are also required to provide your identity proof but that's just a part of the internet poker room's security.