EPTStream with discussion about it
Feds cracking down on online poker..? - Page 31
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Pokerstars is an online poker site. Pokerstrategy is an educational training site. They are not the same site. The TSL3 is sponsored by pokerstrategy.com. | ||
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bouncyr
United States1 Post
Stream with discussion about it | ||
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Alaron
United States225 Posts
This is the stupidest crap ever. The U.S. should be worried about how easy it is to get sketchy drugs within our borders. Or maybe be worried about the war they are in. But no they do this kind of stuff. | ||
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frequency
Australia1901 Posts
On April 16 2011 16:43 -Archangel- wrote: Lol. There goes TSL3. I doubt TL got the prize money in advance. It's good to see people don't read anything. TSL is sponsored by PokerStrategy.com, not PokerStars or any online cardroom. | ||
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Traveler
United States451 Posts
On April 16 2011 16:51 MMello wrote: You must not watch poker or play online poker at all.. Am i right? 250k isn't even 1st place in some online poker tounrys Not to call you an idiot. But that is 250k insurance per account, when there are millions of accounts per bank. To even think that ALL the poker sites in the WORLD would manage to put together the trillions in capital to match even ONE of the major financial firms; is laughable. Anyways, end that argument please, because banks are making multi-billions everyday placing bets so large that every single poker player in the world would crap their pants to see at a table... take for example currency trading, banks make thousands of billion dollar snap trades per day in order to make tiny percentages in their favor... they are the ultimate gamblers, the ultimate guys who have the skill and know the odds. They make any poker player look like a kid betting with quarters... and they rarely lose, and never ever get cleaned. | ||
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EmeraldSparks
United States1451 Posts
On April 16 2011 17:11 Traveler wrote: Not to call you an idiot. But that is 250k insurance per account, when there are millions of accounts per bank. To even think that ALL the poker sites in the WORLD would manage to put together the trillions in capital to match even ONE of the major financial firms; is laughable. Anyways, end that argument please, because banks are making multi-billions everyday placing bets so large that every single poker player in the world would crap their pants to see at a table... take for example currency trading, banks make thousands of billion dollar snap trades per day in order to make tiny percentages in their favor... they are the ultimate gamblers, the ultimate guys who have the skill and know the odds. They make any poker player look like a kid betting with quarters... and they rarely lose, and never ever get cleaned. Long-Term Capital Management called, they'd like to unclean themselves. | ||
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Traveler
United States451 Posts
On April 16 2011 17:22 EmeraldSparks wrote: Long-Term Capital Management called, they'd like to unclean themselves. Even they didn't get cleaned. Other banks bought it up at lowered prices, and it apparently ran for a profit the following year... | ||
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foxmeep
Australia2337 Posts
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Klogon
MURICA15980 Posts
On April 16 2011 16:51 MMello wrote: You must not watch poker or play online poker at all.. Am i right? 250k isn't even 1st place in some online poker tounrys Uhhh no, you're completely wrong. You bring up watching poker on TV? Lol. Geez, I have a feeling I have more poker experience than you. 250k isn't insurance for the banks. It's insurance for each depositor. So if we use poker site terms, that's for each USER instead of what you're probably thinking as it being for the entire site. For example, if you had 200k on Pokerstars and I had 200k on Pokerstars, we'd both get all of our money back if pokerstars was a FDIC insured bank. In fact, if you also had 250k on Fulltilt, 250k on UB, and 250k on Pokerstars and all were FDIC insured banks, the government would pay you 750k if they all went under. Sure it doesn't help if you have millions on deposit, but it sure as hell dampens the blow for 99.9% of people, doesn't it? Honestly, I feel many of you fail to comprehend how giant the global financial system really is. There is a ton of money in the global poker industry, but the financial system IS money. But I have no idea why the hell we are still talking about this. | ||
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BrTarolg
United Kingdom3574 Posts
If something is locked or frozen, by us terms you can pretty much say byebye to that money forever For me the verdict will be on monday, clearly the agreement that MB has with FTP to credit acc's instantly is void atm, and i will only get the money in my acc once it actually clears from one of FTP's real accounts (which will happen only on weekdays), and will only happen if its from a non frozen account, despite the fact i'm one of the lucky few who was allowed to send a transaction order because i acted fast Either way at usual we are simply at the mercy of the fed | ||
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ZeGzoR
Sweden307 Posts
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Silvanel
Poland4733 Posts
1)Major banks going bankrupt at the same time means crisis, huge crisis. The government has a lot on its shoulders and belive me giving money back to customers isnt first on the "to do list". 2)While in most of the devloped countries theres a special fund, set in order to pay the money back to customers of bankrupt banks, the sad fact is, that this fund usually covers only 10-15% of total bank deposits (not sure how it looks in US though). 3)Even if the money is given back, very often it takes a long of time, or it is payed in government bonds, again meaning your money is frozen for a long time. Ps. I am not defending the notion that pokersites capitalization is similiar to those of banks, it seems absurd. But again i never cheked it, so who knows. I supppose it may be possible that total capitalization of ALL poker sites is similiar to this of ONE large bank, but i am kinda guessing here. | ||
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Sensator
Australia377 Posts
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Noob4hire
United States38 Posts
On April 16 2011 17:06 frequency wrote: It's good to see people don't read anything. TSL is sponsored by PokerStrategy.com, not PokerStars or any online cardroom. see people not thinking they just print money with magic its not like they make their money for referrals and kickback | ||
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Defrag
Poland414 Posts
http://www.liquidpoker.net/poker-forum/968440/all/Poker_sites_seized_by_FBI.html | ||
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hifriend
China7935 Posts
On April 16 2011 18:52 Noob4hire wrote: see people not thinking they just print money with magic its not like they make their money for referrals and kickback They partner with a lot more rooms than just PS and FTP. Afaik they never even offered those no deposit bonuses for american citizens and PS will probably continue operations outside of the US. | ||
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XenOsky
Chile2281 Posts
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iPlaY.NettleS
Australia4350 Posts
One rule for the financial elite another for the rest of us schmucks (I don't gamble online but don't have a problem with it per-se and believe the government should stay out of internet issues) | ||
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Godstorm
Romania845 Posts
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Mahs
Netherlands171 Posts
From that FBI poster: "For the persons engaged in the business of betting or wagering, it is also a federal crime to knowingly accept, in connection with the participation of another person in unlawful Internet gambling, credit, electronic fund transfers, or checks." I'm not into all the legal mumbo jumbo, but doesn't that sound like they're saying the players (within their jurisdiction) are on their radar too? I haven't seen this discussed yet in this thread. | ||
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KinosJourney2
Sweden1811 Posts
On April 16 2011 18:58 Defrag wrote: More current information can be found on LiquidPoker! http://www.liquidpoker.net/poker-forum/968440/all/Poker_sites_seized_by_FBI.html From what i understand there peoples money on Pokerstars and FTP are secure, which is good. Still...It really amazes me how they can try to fucking take peoples money like that, disgusting. | ||
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