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- The PokerStars.com version is for real money players, but also has play money games as well. If you have an account at PokerStars.net you can visit PokerStars.com and download the better software that allows both real money and play money play. The PokerStars.net version is running primarily for promotional reasons.
Real Money Deposits & Withdrawals Download our software for free on your desktop or mobile device, then select any of the easy-to-use deposit options listed below. In addition to below, you can login to your account through our website and visit the Cashier to deposit.
After the fateful Black Friday in 2011, PokerStars no longer accepts US poker players, though it caters to millions of players from other countries across the world. PokerStars is the biggest and most popular online poker site on the web and is known for offering the best tournaments and games. It was launched on September11, 2001 as a ‘play money only’ site and then started real money gambling on December 12 in the same year. PokerStars is currently licensed by Isle of Man Gambling Supervision Commission in UK and AAMS (Amministrazione Autonoma dei Monopoli di Stato) in Italy.
The PokerStars Journey
PokerStars was initially a Costa Rican firm owned by Israel’s Scheinberg family. Then, the firm was transferred to British Crown dependent, Isle of Man. After the transfer, the site started accepting poker and casino bets from USA.
Later, PokerStars was involved in many media speculations regarding a merger with a public company. In 2006, when the US government passed the Unlawful Internet Gambling Enforcement Act, PokerStars left behind PartyPoker and became the biggest online poker site in the world. Many casino and poker sites including PartyPoker stopped business with the US players, but PokerStars, along with few other poker sites, initially did not.
Black Friday of Poker
The Black Friday of poker has been one of the unfortunate events that affected the US online poker industry. A series of raids was conducted secretly by the FBI (Federal Bureau of Investigation) and DOJ (Department of Justice) on 15 April, 2011. The raid accused owners of major online poker and casino operators like PokerStars, Full Tilt and Ultimate Bet of various charges including the unethical use of money that they earned from gambling. The charge against PokerStars was that it tricked financial institutions to process payments for gambling, challenging the UIGEA act.
PokerStars was seized and closed by the Attorney Office in Southern District of New York, since it was believed that it violated Federal bank’s money laundering and fraud laws. Since then, PokerStars stopped US players from playing for real money and changed the company’s URL from PokerStars.com to PokerStars.eu. The domain name PokerStars.com was given back to the company on 15 April, 2011, by the Attorney’s office in the US.
PokerStars and US players
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PokerStars assured their US poker players that their balances on the site were safe. Though the site does not accept real money bets from US players, the US government ordered it to return the balance money of all their US players. Unlike Full Tilt Poker, all US PokerStars players have been repiad in full.
Is it the end of PokerStars in the US?
The Unlawful Internet Gambling Enforcement Act (UIGEA) does not make online poker in the US illegal. However, the act stops all the financial institutions in USA from processing transactions related to online gambling activities. Because of this, many online poker rooms, including PokerStars, cannot operate in the country. Hopefully, when and if online poker is legalized in the US, PokerStars should be able to step into the US market again and regain its lost glory. However, there is a school of thought which suggests that because Poker stars is in trouble for what they have already done, they will be permanently blocked from re-entering the US market.
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We have all been used to the old FPP system for so long. So this change left a lot of people wondering, how do you spend your PokerStars StarsCoins in order to get the highest value?
In this article I am going to explain exactly how to spend your PokerStars StarsCoin in order to get the highest value out of them.
Spend Your StarsCoin on Cash Rebates
The most obvious way to spend your Pokerstars StarsCoin is by simply buying cash rebates in the VIP store. You can access the VIP store directly through your cashier. Once in the store you will see the cash rebates on the left hand side.
As you can see above, these are the current cash rebates that Pokerstars is offering:
- $10 - 1000 StarsCoin
- $25 - 2500 StarsCoin
- $100 - 10000 StarsCoin
- $1000 - 100000 StarsCoin
- $10000 - 1000000 StarsCoin
It doesn't matter what VIP level you are. Also, you can purchase as many cash rebates as you want and at any time.
Lastly, unlike under the old system, there is absolutely no difference in the value that you receive. No matter which cash rebate you choose, you will be getting exactly 1 cent per StarsCoin.My Free Poker Cheat Sheet Teaches You How to Make $1000+ Per Month on PokerStars
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Pokerstars StarsCoin Satellites
Under the old system there used to be some insanely soft turbo satellites that you could enter. You would win a ticket for the target tournament and then un-register and be awarded the buyin amount in T$ (tournament $). You could then sell this at a nearly identical rate for real money.
This used to be a great way for lower VIP level players to burn through a lot of player points and get a really good value on them (much more than the cash rebates). Unfortunately though, under the new StarsCoin system the profitability of these satellites is greatly reduced.
In order to view the satellites simply go to the Sit & Go tab in the Pokerstars lobby and make sure you filter the buyin for 'StarsCoin' as seen below.
The main issues with the new StarsCoin satellites are:
- There aren't nearly enough of them running especially with decent buyin amounts
- Many of the target tournaments run on the hour or even twice hourly meaning you won't have time to sell your T$
- Some of the satellites have fields of 48 or 100 meaning that your odds of winning go way down and it takes much longer to play them
However, if you want to actually play in some of these target tournaments (and especially the promotional ones like the MicroMillions, WCOOP or SCOOP), then there is probably good value in playing these satellites. From my experience the fields in these are still very soft.
Spending Your StarsCoin on Clothes, Electronics or Tourney Tickets?
As you no doubt also noticed in the VIP store on Pokerstars you can spend your StarsCoin on a wide array of physical products as well. You can purchase a hoodie, t-shirt, Samsung Galaxy phone or an Apple iPad. Heck, you can even purchase tourney tickets, gift certificates or make a charitable donation!The problem with a lot of this stuff (and this was the case under the old system as well) is that the value is often not really all that great.
For instance, currently for 62850 StarsCoins ($628.50 value with a cash rebate), you can get the latest iPad Air 2 shipped to your door. The problem here is that from a quick Google search Apple's official price is only $499 and it can often be found even cheaper elsewhere.
As for other stuff like tourney tickets, gift certificates or charitable donations why not just buy these yourself for the same price? Although if you really want a Pokerstars coffee mug or a bumper sticker though, then it might be worth dropping a few StarsCoins on one of these badboys!
Conclusion
The Street
For better or worse the new system of StarsCoin on PokerStars is what we use now. While it can be argued that the value of player points has dropped, on the bright side it has become easier to spend them.You should simply buy the cash rebates. And it couldn't be a more simple process. Your VIP level doesn't matter anymore and you get the same value no matter how many of your StarsCoins you decide to trade in.
Lastly, if you want to learn how to start making $1000+ per month from low stakes poker games, make sure you grab a copy of my free poker cheat sheet.
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Let me know your thoughts on the new PokerStars StarsCoin in the comments below. What do you spend yours on?
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