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lock poker payouts 2016 - cashout speeds - LockPoker.eu review 2016
Lock Poker was the largest US poker room and headed their own network - the Revolution Gaming Network - as recently as 2012. Things are very different for Lock Poker in 2016. They were once the most powerful and popular poker site for U.S. players and dominated the market. Since then they have basically been kicked off of the network they created and forced to be a stand-alone poker room with only a couple hundred players during peak hours. How did LockPoker.eu fall so far? It all began as Lock Poker payouts started taking a little longer than usual. Throughout 2016, Lock Poker cashouts started taking longer and longer. American players started using the p2p transfer feature to get money off the room instead of waiting 6-12 months for a withdrawal. Anyone with a basic understanding of business knows what happens when supply exceeds demand; lower prices.
At first a player could trade $100 on Lock Poker for $90-$95 on another USA poker room or some other asset. When LockPoker.eu cashouts for so slow everyone was opting to take a loss on a trade to get their cash quicker. Europeans made a lot of money by buying up U.S. player funds and cashing it out via Neteller or Skrill, but they were taking a risk since even non-US payouts at Lock Poker were taking months. There was no telling when the poker room would close. Over time the trade ratio for Lock Poker funds dropped lower and lower. It went from $.95/$1 to $.75/$1, to $.50/$1, to $.30/$1 and all the way down to about $.05/$.10 on the dollar. People were that desperate and Lock Poker money was viewed as that worthless.
U.S. poker sites for fast payouts In March, 2016
|US Poker Rooms In 2016
(With Payout Speeds)
|5-10 days||1-5 days||1-3 days||1-3 days||7-14 days||Visit|
|5-10 days||3-5 days||Visit|
|7-14 days||5-7 days||7-14 days||Visit|
|5-10 days||1-5 days||1-3 days||1-3 days||7-14 days||Visit|
|5-10 days||3-7 days||1-3 days||1-3 days||Visit|
|Visit BetOnline Poker - Claim our exclusive bonus package in 2016|
You could buy $10,000 in Lock Poker funds for as little as $500. Lock Poker payouts in March of 2016 were backlogged by almost a whole year. Each month LockPoker would pay out to some players but that was just for show. When the price of Luck funds dropped to around $.40/$1 they changed the p2p trading rules. You now had to play a lot of poker before you could cashout any money that was transferred to you. Lock Poker representatives made the bizarre claim that a secret cabal of poker players were intentionally trying to decrease the value of Lock Poker money, in order to make a bigger profit of trades. Lock Poker's paid troll and professional con-artist Shane Bridges was constantly on the big poker forums like 2+2 promising players that they would be paid the entire time. Then it came out that Lock Poker was only paying players sent by certain affiliates, affiliates who were still sending Lock Poker traffic despite the issues.
Cardschat was the main one. There was a mod there who could get CC forum members paid in a week or two while everyone else had been waiting 6-12+ months. Pretty scummy. Cardschat still had Lock Poker listed as their #1 US poker room, even though funds were being traded at $.20-$.30 on the dollar. It has been suggested that Lock Poker employees like Shane intentionally caused the payout scandal so they could buy up Lock Poker funds at a fraction of the cost. It would be like if you owed 10 people $100 each and you refused to pay them. Then you had a 3rd person offer to buy your debt from them for $20 each. Instead of honoring your $1,000 debt, you get away with paying it off got just $200.
Even the Lock Poker Pro's were selling Lock funds for $.10 on the dollar towards the end. Jennifer Larson, the owner of Lock Poker, is certainly trashy enough to do so and has been known to scam people in the online poker business. As of 2016 Lock Poker was kicked off of the Revolution Poker Network. They scrapped together a generic poker platform an re-launched the "New Lock Poker" or "Lock Poker 2.0", as many people are calling them. .
This March, 2016 Lock Poker payout review will focus on the new Lock Poker 2.0. As of January 1st, 2016, there were between 500-1,000 people who have yet to be paid from Lock Poker for cashouts requested in late 2012 and throughout 2016. How are Lock Poker payout speeds in 2016 looking for people who requested a withdrawal recently? I will cover that and more in this 2.0 Lock Poker payout, cashout option and withdrawal speed review for 2016. First I will look at the deposit options for Americans at the new 2016 Lock Poker.
Is Lock Poker Safe In 2016?
Obviously I am not suggesting that you play at Lock Poker in March, 2016. I'm certainly not including links to Lock Poker in this payout review. Maybe they would pay you if you made a deposit today and cashed out. Maybe they wouldn't. Maybe Lock Poker withdrawals will start taking longer and longer. Maybe they will tell you to piss off and launch a Lock Poker 3.0, happily accepting new depositors again. It simply is not worth it. I'm actually hoping to pick up traffic from people searching for info about payouts at Lock Poker and preventing them from getting scammed and possibly making a buck by suggesting these fast paying U.S. poker sites in 2016. The rooms listed below have the highest traffic, quickest cashouts and easiest US deposit methods. Is Lock Poker safe in 2016? No.
Lock poker deposit options in 2016 - LockPoker.eu funding methods
This Lock Poker deposit option review for 2016 is for the new Lock Poker 2.0. I will only be listing the deposit methods U.S. players can use to fund their LockPoker.eu accounts in 2016. Lock has actually acquired some better deposit options for Americans since they were booted off of the network. In the past only Visa and money transfers were accepted and Visa virtually never worked. In 2016 Lock Poker accepts more credit, debit and pre-paid cards and the success rate is much higher.
- Lock Poker Visa deposit option - Lock Poker accepts Visa deposits from $30 to $950.
- Lock Poker Mastercard deposit option - Lock Poker accepts Mastercard deposits from $30 to $950.
- Lock Poker Visa deposit option - Lock Poker accepts American Express (AMEX) deposits from $30 to $950.
- Lock Poker Money Transfer deposits - Americans can use Money Transfer to deposit from $100 to $2,000 at Lock Poker in 2016. These money transfers can be sent in person using cash or online using a debit or credit card.
lock poker payouts, withdrawals & cashouts 2016 - fees & speeds
This Lock Poker payout review does not list the withdrawal options, speeds and fees available to non-U.S. players. Needless to say they pay out to international players so the same way as many other online poker rooms in 2016. This is somewhat difficult to write because there are two different payout speeds at Lock Poker. The old Lock Poker - from before they got booted off of the Revolution Network - technically has an ever-increasing 18-24 month payout speed because there are still a few hundred people who have been been paid from withdrawals requested in March of 2016. The "new 2016 Lock Poker" is paying new players much quicker. It is as though Lock Poker just wants their old customers - who will never deposit or play at Lock Poker again - to F*** off. They are hoping that they will just go away and stop asking for their money.
Those players do not generate rakes so Lock Poker seems to be paying out to depositing players first and foremost. It is difficult to research how fast Lock Poker cashouts are in 2016 because of the countless threads at gambling forums that concern the old Lock Poker and I'm certainly not making a deposit at Lock Poker just to see how quickly they pay out right now. It wouldn't surprise me if I saw a charge on my debit card titled "Shane Bridge's rent" or "Jennifer Larson's electric bill". No thanks. I will do the best I can with the confirmed reports I have found online in 2016.
- Lock Poker check payouts in 2016 - Lock Poker check cashouts in 2016 seem to take 8-12 weeks for users who continue to deposit money into their LockPoker accounts. The minimum check withdrawal from Lock Poker in 2016 is $200 and the maximum is $3,000. Lock Poker paper check payouts have a $45 fee. The top US poker sites in 2016 like Full Flush Poker, BetOnline Poker, Sportsbetting Poker and even Carbon Poker only take 5-14 days for a check cashout so Lock Poker is not fast by any means, they are just faster than before.
- Lock Poker Money Transfer payouts in 2016 - Lock Poker recently added the Money Transfer payout option in 2016. This is not something they offered last year. They will even give users a free Money Transfer cashout per month and additional money transfer payouts are charged a 10% fee. The minimum Money Transfer withdrawal at Lock Poker is $100 and the maximum is $2,000. Lock Poker Money Transfer payouts seem to be taking 5-10 weeks for people who continue to generate rake. Rooms like Bet Online Poker and Bovada Poker take 1-5 days for this kind of withdrawal so even though Lock Poker is paying faster than ever to some players it is still disgustingly slow.
Payout reviews for other USA poker rooms in 2016
- Cashing out at Bet Online Poker in 2016
- Cashing out at Carbon Poker in 2016
- Cashing out at FullTilt Poker in 2016
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- Cashing out at PokerHost in 2016
- Cashing out at Sportsbook.ag 2016
- Cashing out at Bovada in 2016
- Check cashouts at Bovada 2016
- Cashing out at Full Flush Poker in 2016
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- Cashing out at Americas Cardroom in 2016
Upcoming Lock Poker payout reports
- Lock Poker cashouts in March, 2016
- Lock Poker payouts in April, 2016
- Lock Poker money transfer payouts in May 2016