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Background Info

Golden Palace Poker is run by the Golden Palace Casino. This review is very similar to the review for VCPoker, because apart from different 'skins' and different payment and cashout facilities they are the same.

Overall Rating (79%)

Golden Palace Poker is one of the few members of the Tribeca Poker Network which allows players from the US. An outstanding choice of poker room for those wishing to play at micro limits. Ring games start at $0.02/$0.04 and tournaments from $0.10 for Single Table, $0.01 ! for Multi Table. There is plenty of action at mid-level stakes as well and while there are high stake ring games being played the choice of these tables is not as large as at some other poker rooms. Players who play a lot of tournaments will be most pleased with this poker room.

Software look & feel (9)

Less 'Vegas' tack than many poker rooms which many players find pleasing to the eye. Easy to follow game flow. Some more positives are note taking, buddy Lists, hand statistics broken down into game type / table size, ignore lists and a 4 colour deck option. Some negatives are, no slider bar to set raise amounts which is a shame. no statistics on the percentage of players who view the flop in ring games.

Tournaments (10)

Probably the best selection of poker tournaments you will find anywhere online.
Single table tournaments with buy-in ranging from $0.10 to $500 plus feeders to some of the multi tables. The normal interval between level up's is 8 minutes but there are also Speed and Turbo Tournaments at 3 minutes and 1 minutes respectively.
Multi table tournament buy-ins range from $0.01 to $37 for the standard tournaments and up to $200 for some of the 'specials' with the prize being entry to The WSOP final etc. Some tournaments allow Rebuys. There are also many freeroll tournaments, entry to which is paid for with Action Points.
Most tournaments are No-Limit but there are a few Limit and Pot-Limit Tournaments to choose from.

Ring games (6)

Ring games range from $0.02/$0.04 to $50/$100. Limit, Pot-Limit and No-Limit are available.

Game Selection (7)

The games are Hold'em, Omaha and Omaha H/L.

Rake (8)

For tournaments the rake has recently fallen from %10 to %5 of buy-in
Limit games have a rake of about 5% with a cap of $1 on games up to and including $1/$2 and a cap of $3 for higher stakes games.
No-Limit and Pot-Limit games have a cap of $3
Full rake info.

Support (10)

Excellent with 24 / 7 Live, Telephone and Email support always answered promptly and helpfully.

Banking (8)

Payment

VISA, MasterCard,, Neteller, FirePay, Citadel, My Citadel 900Pay/900PayPlus

Cashout speed and methods

Neteller (recommended), Bank wire or Check

Sign up Bonus (7)

25% with a maximum of $100. The bonus is only credited once the required number of Action points have been earned. You need to earn 125 points for each $1 of bonus. So for the maximum bonus you would have to earn 12500 points.
Their site is a bit vague about exactly how many action points you will earn for a bet of x amount. From their site:

How are action points awarded?
* The larger the pot, the more points on offer.
* The available points will be distributed to all players who participated in the pot on a pro-rata basis.
* The more you bet, the greater your share of the points.
* There's a maximum of 300 points available on any hand.

Promotions (7)

Action Points continue to be earned after the signup bonus is received (see above) and can be used to enter the frequent Freeroll tournaments or swapped for items ranging from 2 packs of playing cards (36,500), a Ipod mini (1,300,000) to a Mini Cooper (60,000,000). $100 dollars each month to the 'Player of the month'. You can nominate yourself if you like.

Player Level (6)

About average. Plenty of fish (loose players) get channeled through Victor Chandler's other gaming sites but many probably don't stay that long.