Quote:
Originally Posted by ZeckoRiver
Im just confused in one portion where it is stated that the only company to try this model is global and it has a patent. I understand the sweepstakes process as I have played on many a subscription theme poker site. Why have other companies not used your model specifically with ring games. All the sub sites I have played on only had mtts. Not one offered ring games that were actually raked. I believe this is the most concerning point in your model that we would like explained.
I understand that ring games are exchanged for gold coins premise. Not one site that was subscription based could offer actual ring games and you are raking the ring games. Thank you for your detailed response it is good to know that the player funds are segregated you seem like a legitimate company that has done its research , just seems too good to be true and simple leading us to wonder why it could have not been implemented previously.
Just to clarify this part a bit more.
How can Global Poker offer raked ring games for sweepstakes cash prizes and other sites do not?
In short, each pot in a ring game is its own individual sweepstakes.
Other sites operate sweepstakes gamesas a tournament, but none have ever used the concept of sweepstakes represented as a virtual currency, used to promote/sell another virtual currency (Gold Coins).
When sweepstakes are represented and played in this way, players can join ring games and enter each sweepstakes as a pot in a single ring game. This model is not possible unless sweepstakes entries can be represented, accumulated and claimed (ie. cashed out) in this fashion. This model and process is part of VGW’s patent pending.