Why Choose a GBP/Pounds Sterling Poker Site If the US dollar is the standard currency across the globe, then why should players even consider playing on a GBP poker site?
It’s simple. By choosing one of the GBP poker sites, not only will you be able to play in a currency your familiar with, but you avoid having to exchange your currency once you deposit. The problem with currency exchange is that you loose in the end. The poker room’s operate a business, thus force players to accept their current exchange rates when exchanging funds from another currency other than the USD. When a player deposits at a USD poker site using GBP, the poker room will exchange their currency to USD using that days exchange rate. While the exchange rate may be similar to your bank, what you actually receive could be less than the current market rate. Furthermore, players will have to cash out eventually, and right there is the biggest problem. Let’s assume you made a $500 deposit at a USD only poker room. The poker sites exchange rate for that day is 1 GBP = $0.614 USD which works out to $814 USD. Assume you cash out the following week and the USD rate on the day you cash out