EPTWhat a fucking joke
Feds cracking down on online poker..? - Page 8
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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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Pervect
1280 Posts
What a fucking joke | ||
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laegoose
Russian Federation325 Posts
However if US players will be banned from online-poker, this means hard time for most online-poker professionals since U.S. players lose nearly as much as the players from all other countries combined (according to http://www.pokertableratings.com/top-countries). There are plenty world-class U.S. professionals and shitload of casual players. | ||
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ROOTFayth
Canada3351 Posts
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Wohmfg
United Kingdom1292 Posts
On April 16 2011 04:55 Modafinil wrote: Good faith isn't going to get you anywhere here, unfortunately. Again, sucks to be you, but you have no recourse. The assets of the company are the subject of an in rem seizure - legally speaking, you're completely unrelated to the matter here. The assets are property connected to an illegal activity - fraud and money laundering to avoid UIGEA. I mean, it should have been fairly obvious once UIGEA was passed in the first place - that's when I quit (though for other reasons too). Everyone knew that, in practice, UIGEA was just going to be make the whole deposit/withdrawal process more difficult. But did anyone really think that was going to be the end of it? I certainly didn't. I definitely understand that people weren't aware of what the situation was like going into poker. No, there probably was no way to know directly if you got into the game late, especially in the past couple years. The FBI investigation has been going on since 2009 from what I understand. Not directly, no. It's just that the whole area has been kind of... iffy. I mean, you have to realize that for every cheater that's caught, there's probably an order of magnitude more who aren't, right? Online poker definitely got me some good returns in 2004/2005, when it was still new and full of fish and nobody was using tracking sites like sharkscope. But it wasn't going to last, and it didn't. I haven't asked once for any recourse. So as soon as UIGEA, you assumed that all the poker sites operating in USA were operating illegally? And everyone else should have as well? That's crazy to assume. | ||
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Manit0u
Poland17187 Posts
On April 16 2011 05:02 laegoose wrote: I have 10k at stars and i've just withdrawn few k (well I've just requested to withdraw as usual, and system said 'ok np wait for e-mail' as usual) However if US players will be banned from online-poker, this means hard time for most online-poker professionals since U.S. players lose nearly as much as the players from all other countries combined (according to http://www.pokertableratings.com/top-countries). There are plenty world-class U.S. professionals and shitload of casual players. Can't they just move to non-US sites like i4poker or something? | ||
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AKspartan
United States126 Posts
On April 16 2011 05:01 Enervate wrote: LOL, kind of like how not being allowed to print your own money is unjust right? You're clueless. The government monopolization of money and the transformation of money from a commodity money to fiat money is one of the greatest problems facing the world today. Just wait until a few years from now when all the debt monetization that has been happening to finance our outrageous deficit spending rears its ugly head in the form of massive devaluation of the dollar. | ||
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contraSol
United States185 Posts
On April 16 2011 04:28 D_K_night wrote: Yet you've spent your money by studying, and then playing, online gambling. No one here is arguing that your effort isn't worth something. Of course it is. But what has happened, happened. And these companies are going the way of the dodo, like it or not. If any online gambling for-profit companies remain, they are gonna be either heavily regulated in some shape or form, or they pay their taxes just like any other company, period. And YOU - have you reported all your poker earnings on your tax returns? But back to your study of poker. Can you not take your poker skills and just head down to your poker house of choice or vegas? Why restrict your means of income to online venues only? Yes, I've paid taxes on the money I made, which is ironic, considering taxpayer money is now being used to finance the investigation of my source of income and the seizure of funds I would have paid taxes on. Makes perfect sense. Theoretically, I could be playing in Vegas, but there are two problems with that. First, I can't 12-table vegas poker. That's a difference between 1000 hands per hour and 25 hands per hour. It means my winrate would have to be 40 times as high, which is impossible, and that the variance I'll experience will be absurd. Sure, a 20k hand downswing sucks when you play 20k hands in a couple of weeks, but I can't begin to imagine it over a year. Second, I'm a college student in Denver. I play poker to pay tuition and expenses, and do not have the time to play the epic number of hours at a live table in order to scrape by. @US Attorney, we're coming at this issue from two different sides. You're taking the purely legal route, while I'm taking the idealistic-pissed-off-at-what-I-see-as-injustice perspective. I know the government has a legal right to seize these funds. That's why I'm pissed; I have no recourse. And I'm still of the belief that you're completely ignorant as to what it takes to turn poker into a profitable enterprise. | ||
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Modafinil
United States35 Posts
On April 16 2011 04:56 ggrrg wrote: Well, it's not really about who the "rightful owners" are. Currently, all the money is in possesion of the poker sites. They have liabilities towards all their players with bankrolls on their sites. However, if the pokers sites are convicted, they will have liabilities towards the US government. With all their US bank accounts frozen the money on them cannot be accessed by anybody. After the trial the money from these accounts will be distributed to the entities that the poker sites have liabilities towards. Now guess, which liabilites will be covered first... Furthermore, if the fines become too huge the poker sites can go broke. If this happens, there is absolutely no way that the users (from anywhere) see their money ever again. Not only that, but this is going to take years. The poker sites' legal fees are going to be among their future liabilities, which are going to be massive. In the future, some international players could, in theory, get their money back. But that seems incredibly unlikely at this point. | ||
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Samhax
1054 Posts
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BlackJack
United States10180 Posts
On April 16 2011 04:31 MiniRoman wrote: lol what? you are gonna lose money now cause america slacked for the last 10 years? the fame of these sites means they are legit. if this truly fucks all the non-american players then it really should turn into an international crisis as big as the last "bubble burst" i say bigger cause i bet more people play online poker than buy houses in america. no, much much much much much much much smaller because the majority of online players are losing players that don't have any significant money on poker sites. | ||
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Enervate
United States1769 Posts
On April 16 2011 05:06 AKspartan wrote: You're clueless. The government monopolization of money and the transformation of money from a commodity money to fiat money is one of the greatest problems facing the world today. Just wait until a few years from now when all the debt monetization that has been happening to finance our outrageous deficit spending rears its ugly head in the form of massive devaluation of the dollar. Oh, so poker sites were intent on trying to decrease the deficit and save the dollar from devaluation. How could I have been so clueless? | ||
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Wohmfg
United Kingdom1292 Posts
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relyt
United States1073 Posts
On April 16 2011 05:04 Fayth wrote: this is a sad day What are the online gambling laws in canada? | ||
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Zerokaiser
Canada885 Posts
Yes, it's bullshit that online poker is illegal in the United States. However, it was and is illegal and the aforementioned poker sites know that. They're the ones that have brought this upon all their customers. To bring up the prohibition metaphor again. If I have a family that depends on me for financial support and I decide to pocket a little by selling alcohol on the side, and I get arrested, it is not the US Government's fault that my family is going to starve. None really. Be of legal age. | ||
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Dragonsven
United States145 Posts
On April 16 2011 05:11 Wohmfg wrote: Just a thought, won't our money be insured against things like this? Insured by whom? | ||
MidKnight
Lithuania884 Posts
What a joke. They allow people to gamble on 100% luck based, unbelievably -EV stuff, yet they jump on poker, because they can't get in on the action. World fucking sucks | ||
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Sufficiency
Canada23833 Posts
User was warned for this post User was temp banned for this post. | ||
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Wohmfg
United Kingdom1292 Posts
The actual poker sites. | ||
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FractalsOnFire
Australia1756 Posts
Now i don't feel so bad i was getting bad beats and what not, feels a little liberating =p Though i was thinking of withdrawing 100 bux a few weeks ago but i got an unfavourable exchange rate (1 AUD = 1.05 USD). Ah well at least i only deposited 10 bux to get the rakeback, doesn't hit me as much as other people and i kinda sucked at it. | ||
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ROOTFayth
Canada3351 Posts
I'm not sure but I don't think it's illegal, I just can't cash out from absolute poker right now it's retarded | ||
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