Pala Poker is only a month out from its initial beta launch, but it’s already shaping up as a profitable destination for New Jersey poker players who have chosen to try out the state’s newest site. The online poker room has already paid put more than $25k in overlays, which means one thing: lots and lots of dead money!
Still Small Numbers
The traffic at Pala Poker isn’t exactly overflowing, to say the least, and the daily guarantees in multi-table tournaments are routinely left uncovered. The poker room leaves money on the table in most of these tournaments, money which acts as an additional incentive for players. And given the small size of the New Jersey online poker market and Pala’s status as a brand new site, this situation may well persist.
Pala’s Daily MTT Schedule
Every day, there are no fewer than 7 such guaranteed prize-pool tournaments taking place, featuring buy-ins in the $1 to $20 range. Most tournaments (all but 1), are Texas Hold’em. The daily Pot Limit Omaha event features a $5 buy-in and a $200 guarantee and kicks off at 9:00 PM.
The cheapest daily MTT is the $1 Deep Stack Gtd, which offers a $100 prize-pool. This one gets going at 7:00 PM. The most expensive daily tournament is the $20 Nightly Turbo, which features a $500 guarantee.
Further Value for New Players
Guaranteed MTTs and associated overlays aren’t the only way to secure value at Pala Poker. The site offers a welcome package to all new players.
The package consists of a $15 no deposit bonus for the poker site, which means players don’t even have to make a real money deposit to grab this money. Of the $15, $10 is handed out in Tournament dollars, meaning that players can only use this money for MTT and Sit-N-Go entries. The remaining $5 is available for use in any tournament or cash game on the site.
In addition to the poker bonus, players are rewarded with a $20 Pala Casino bonus and another $15 in Bingo Bucks. This brings the total bonus amount for new players to $50, and that’s without even depositing!
In addition to all the above, those who make a real money deposit at the poker room, will have their deposits matched 100%, up to a maximum of $500. The minimum qualifying deposit for this bonus is $10.
Pala Poker also features a rewards system, based on Status- and Reward points. Status points are earned through real money cash and tournament play. Every time one pays tournament fees or rake, he/she earns status points. In a cash game, $1 in rake is worth 50 Status points. The same goes for every $1 in tournament fees.
Reward points are earned hand-in-hand with Status points, though the higher one’s Privileges level is, the more RPs he/she will get for every Status point. According to palapoker.com, someone on the Platinum Privileges level (level 4) will get 40,000 RPs for 5,000 SPs.
The Status points also determine one’s Privilege level. Everyone starts off at the Privileges level. From there, 1,500 SPs are required for graduation to the Pearl Privileges level, 7,400 SPs for the Gold Privileges level, 50,000 SPs for the Platinum level and 250,000 SPs for the Elite level.
While Pala Poker is still a new site, the value it offers its players is certainly impressive. This is no destination for high rollers, but it is a great spot for Garden State residents looking for a new place to play.