E-jackpots Money Play
An E-Jackpots account is an electronic money account for playing games with instantaneous money settlement. You can make wagers on your games or matches and know that the funds will be in the winner's account the second that the last checker is taken off. An E-Jackpots Account can also be used for entering Jackpots and Tournaments.
You must be a member of GamesGrid backgammon club. If you are not a member, go to the membership page and sign up. You must read and accept our jackpot account terms and conditions.
Deposit funds to your account through your online account page. Deposits may be made by credit card, PayPal, bank wire or check. Credit card deposits must be in the name of the GamesGrid player only.
Withdrawal funds from your account through your online account page. Withdrawals are sent to your address of record.
Any player with an E-Jackpots account can easily view their balance and recent banking history online. While logged into GamesGrid, click on View and then click on Jackpot Account. Your can see your current balance as well as individual banking transactions.
If both players have E-Jackpots accounts, the wager button can be clicked and a wager specified. If an invitation includes any wager, a green stripe will appear over the wager checkbox to alert both players to the wager. The wager, which is always denominated in US dollars, is the stake for the match or the amount per point for the (unlimited) session. If the invitation is for an unlimited session, then there is another important number, which is the dollar limit per game (more on this below).
This limit is the maximum amount of money that can be transferred from the loser to the winner in any single game. If two players are wagering $1 per point and have a $US limit of $50, then under no circumstances will the winner receive more than $50 in any one game, regardless of the size of the cube. Even winning a backgammon on a 32 cube would pay $50 and not more. The rules of E-Jackpots are that the overage of $46 is null and void, although players may agree to settle such overages personally outside the E-Jackpots system.
The cube will still be in play but the payout will only reflect the limit for the total on the session.
The reserve is the amount of funds that are set aside and held by the system to cover the wager. In a fixed length match the reserve will be equal to the wager. In an unlimited session (unlimited match), the reserve will be equal to the $US limit. The reserve will not be released (paid out as a loss or a win) until the match or game is completely ended.
Players have an incentive to finish a session/match because their funds are held in reserve and will not be released until the match or game is finished. Players are expected to finish matches, with good sportsmanship. Matches in which no move is made for 4 hours are resolved by Automatic Match Resolution (AMR). The stakes are distributed according to Match Winning Chances (MWC) for match play; or Game Winning Chances (GWC), with live cube, for money sessions.
Read the fee schedules for poker, backgammon, and gin rummy.
You can request a payout at any time. Use the Make a withdrawal request link on your online account page, or send e-mail to . requesting a specific amount, and indicating the method of payment. Payments are made by check, PayPal, or bank wire.
We will send payments only to a player's addresses on file with GamesGrid. If a check is requested, please confirm your name and address. If the address is not our address of record on your account, we will not be able to send a payment until the matter is resolved. If a PayPal payment is requested, please send the request from the e-mail address requesting the PayPal payment. That address must also match the e-mail address on the record of the account. If requesting a payment by bank wire, please provide us with bank information: bank name, bank address, bank account number, swift code and beneficiary, your name and address to confirm the account. If a bank wire is requested, the player will be charged a bank fee of $20 (in the U.S.) or $40. Receiving a payout by check involves NO fee. PayPal charges fees that vary from zero to 2.2% + $.30 depending upon the type of PayPal account that you receive the funds into. Personal PayPal accounts have no fee, but Business and Premier accounts are charged fees. Payments are made at least once a week by check, PayPal, bank wire.
You cannot cancel or delete a money match once you have started it, even before the first move is made. You must either finish the match or start a new match with the same player to override the old match. (This guarantees that both players agree to override the match.)
In the latest version of GamesGrid, a watcher cannot see the amount of the wager. This was available in prior versions, but due to privacy concerns, it was eliminated from the current version.
As soon as a match is accepted, the fees are charged to both players simultaneously with the first roll. In unlimited money matches, the fees are charged at the start of each game.
You can always watch a player in another match to judge their skills. You can also start out playing someone for small stakes and then gradually increasing the wager. The best rule of all is to NEVER PLAY FOR MORE MONEY THAN YOU CAN AFFORD TO LOSE.
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The GamesGrid name and GGotter logo are licensed from, and property of, GGraccoon, LLC.
last modified: 2006-12-10