£ Poker Sites Which Accept Deposits In British Pounds
What you'll find is a gradual move away from US Dollars as the primary currency for online poker games. While the $ still dominates, there are now multiple places where you can play in pounds, and even more where you can deposit using this currency. This article is your complete guide to online poker deposits in pounds - remember to bookmark it now.
First of all below I have outlined the different ways that GBP is handled by the poker rooms, including how exchange-rate fluctuations are accounted for. After that you will find my top picks for poker sites which accept pound deposits - before a quick overview of the best methods of getting your money in and out of online poker rooms - fast.
Ways Which Poker Sites Work With Pounds
This can be split into two main categories:
- Sites which accept pound deposits and also let you play games in GBP.
- Sites which accept the deposits, though have games in other currencies.
Games played in sterling are a minority at the moment, and you'll need to play at the biggest poker sites to find them. They include Cash Games and Sit N Goes, tournaments are less common - and will usually take the form of satellites to UK live events. If you have your balance in dollars (which is the normal system at most sites) and click on a £ game, PokerStars will prompt you to convert - giving you the opportunity to convert some or all of your bankroll and hold it in pounds. Since most of the games are in dollars, some in Euros and just a minority in pounds - I recommend you just click the box for this to happen automatically on a game-by-game basis. At the very least this will save you the trouble of having to reconvert the other way if you choose to go back to dollar games.
Deposits In Pounds - Balance in Dollars
One concern I hear from players is whether they will be affected by currency market fluctuations if their balance is held in dollars.
The answer is that you could be, though the moves are usually so tiny (and for non-experts unpredictable) that this not something worth worrying about. It makes headline news in the finance pages when there are 1% changes in a day, and swings are rarely more than a few percentage points either way over weeks without some major external event. Unless you are a high roller this is no more than a few pounds, with an equal chance you might gain!
When you play the games themselves in a different currency, for example at Titan Poker you can have USD and play in Euros, then the exchange rate is fixed at the moment you sit down. You play for an hour (for example) and then when you stand up the money is returned at the same rate you sat down with.
Banks are always happy to shaft us on things like exchange rates - fortunately poker sites just want to get us playing, and do not take an extra slice of the pie on this front!
Below are my picks for players wanting to deposit in pounds.
Best Poker Site Deposits In Pounds – Pokerstars.com
PokerStars is the largest site online and the only site to with a dedicated 'deposit assistance department' who go a great job sorting out any issues with deposits and withdrawals.You can deposit directly in Pounds here, and switch your money between USD, Canadian Dollars and Euros any time you wish. There is a cool trick to claim up to 3 'first' deposit bonuses when you deposit there too.
You can deposit in many currencies at Pokerstars, and actually hold your bankroll in either Pounds, Dollars or Euros - or a mix of all 3 if you prefer. The games themselves are mostly in US Dollars, though there are a growing number in Euros too and now a selection that you can play in pounds on top - look out for the little blue circles to the right of the tables in the lobby. If you choose to hold your deposit in pounds then join the USD tables, Pokerstars will prompt you to add a new currency to your cashier via their converter, you do not need to do this, with the automatic 'as needed' function working just fine.
It is the huge choice of games and very smooth software which makes PokerStars stand out from the crowd.
3 Bonuses: You can grab up to £400 total (matched at 100%) when you deposit in pounds at PokerStars. What many people do not realize is that you can do this in up to 3 chunks, so you do not have such a big outlay to start you off. This is a simple 2-step process.
- First register your account, choose 'Affiliate Marketing Code' from the multi-choice drop-down, and enter code = PSP3108 in the new box which appears.
- Next head to the cashier, when you deposit use Bonus Code STARS600 for those first 3 deposits (600 is the USD equivalent, works for either currency).
Thats it, you can hold your balance in pounds, play in them and enjoy the best player rewards system anywhere online - an easy top recommendation. Check out www.pokerstars.com for yourself now!
Poker Site deposits In Pounds – Titan Poker (iPoker Network)
Titan Poker have an innovative system which allows you to keep your online deposit in British Pounds (or Euros / Dollars). You can then either choose the £ tables, or convert into euros as you join and leave these tables. You are protected from currency fluctuations since the rate is fixed at the time you start playing on the dollar / euro tables - the same rate used when you convert back (simply by leaving the table).
What you'll notice right away at Titan is that there are no longer any tables in US dollars. This makes great sense if you consider that this site (and the giant iPoker Network on which they are the biggest poker site) have not allowed US players since 2006. A huge advantage to playing here are the legendary soft games. This network is made up of many household name sports betting brands, including William Hill and Betfair - which means plenty of new and recreational poker players find their way to the games every day.
New players can claim a 200% matched welcome bonus up to $2000 (approx £1270) at Titan, I will add $20 free on top for readers who register their account with bonus code SNGPLANET (this is paid direct to your player account within 48 hours). Titan make a great choice of pound poker site for new and novice players - you can check them out over at www.titanpoker.com
Best Deposit Methods For British Pound Poker Sites
There are 3 main categories of payment options for poker sites. These are cards, eWallets and wire type services. Each have pros and cons - which I have outlined below.
Credit and Debit Cards: This is the quickest and easiest way to deposit. Debit cards are great, while credit cards will charge you 'cash advance' interest rates if you do not clear your balance, though are fine if you do clear this. The key advantage here is speed, with the money ready to go almost instantly. You'll need to cash out back to the same card in many cases, at least up to the amount you deposited (this makes sense from a security viewpoint, though can be an annoyance).
eWallet Systems: There are many services which act like a virtual wallet, allowing you to transfer money and buy things online without having to take money from your main bank account each time. The best known is PayPal (which works great for poker), with Skrill and Neteller being other notable systems. The advantage here is that you are not giving your bank or card details to the poker sites, instead going via your eWallet. This gives you an extra layer of security and stops any gambling transactions appearing on your bank statement. The downside is that you'll have to set up an account and verify it, for me this is worth the effort for the security alone.
Wires / Bank Transfers: For larger deposits you can always use a bank-wire. I recommend this as a withdrawal method too, with the money becoming available within a few days. Speak to your poker site and get the details from them, then simply wire it over!
You can find many more articles covering these systems in detail in my main Poker Payments section.
For me one poker site stands head and shoulders from the crowd when it comes to handling currency within their cashier system - PokerStars. Make sure you check them out for yourself soon, and remember the combo of Marketing Code PSP3108 and bonus code STARS600 to claim your 3 separate welcome bonuses. Check out www.pokerstars.com now!
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