LiveAce has found a way to become legal in 31 U.S. states and in the District of Columbia without changing the way that we perceive the game, as reported by PokerNews.com. This innovative site allows players to play ring games for play chips, but then use those play chips to win auctions for cash prizes. This allows them to offer the games to the different sates, while also not affecting how the game is played, or how we have become accustomed to enjoying the game of poker.
The blinds start at 1/2 and currently go up to 25/50. The buy-ins are fixed at 120 chips for 1/2 and 100 big blinds for every level after that. You can get 400 chips for free and have the ability to reload once per day for another 400 chips. Unlike other play money sites, they offer no limit hold’em, limit hold’em and pot-limit Omaha, though we have to see how often those are actually going to run, but they are offered at any rate.
The auctions part of the site is really what is most interesting though, because it allows you to cashout your chips for real money. You can bid on different prizes, or even parts of prizes. For instance if they are offering $2,500 you can bid chips for all of that money, or a certain number of chips for only a portion of the money. If you win, then you get the cash and it goes into your account where it can be cashed out via check or Dwolla.
Andy Frankenberger, winner of 2 WSOP bracelets, endorses the site and plays under the name “Franky_Style.” The site also offers a VIP membership option that comes with an odds calculator, custom avatars, and much more. When you sign up for the site you receive these benefits for 1 week and if you decide to get the VIP membership in the first 2 weeks, you get 10% of the monthly price of $19.99. You can also buy chips starting at $2.49 if you don’t want to try to grind from the bottom up.
This site is an interesting choice for U.S. citizens who want some confidence that they are not going to have the money they are owed seized by the Department of Justice. While the software still has some work to be done in order for it to be up to the standards players are used to today, it’s a starting point and opens a lot of new doors for players that they haven’t had in the past.
States it is legal in: Alaska, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming.