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Edjon Netherlands. Oct 11 2008 05:14. Posts 1579 | | |
In these times of financial insecurity I was wondering whether people know what poker sites do with our bank rolls. An analogy can be made between banks en poker sites, in such a way that poker sites only have a certain percentage of the players' bank rolls liquid to function properly. So does anyone know what they do with it. Do they invest in bonds, stocks? Is it secured in a savings account? Are some sites more save than others?
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tokeweed Philippines. Oct 11 2008 05:18. Posts 2149 | | |
to be safe, you should lessen your exposure online and withdraw some of your money to be safe. and yes some sites are safer than others. i'd stick with the bigger sites. |
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im a safe site, so stick with me |
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Silver_nz New Zealand. Oct 11 2008 06:14. Posts 5647 | | |
# Is my PokerStars account balance used for your operational expenses or is it kept in a separate account?
# PokerStars is proud that, under special banking arrangements, an amount covering the total of all players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by one of Europe's leading financial services groups. These arrangements ensure that PokerStars can at all times fulfill its obligations towards its players, and provides further reassurance that players' funds are always secure with PokerStars.
financial services group? what is that, sounds like a hedge fund, why aren't they more specific... |
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PaleMan Russian Federation. Oct 11 2008 08:54. Posts 472 | | | |
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| Whatever floats your boat | |
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Sheitan Canada. Oct 11 2008 10:02. Posts 4217 | | |
What do you think they do with a large sum of money ? Invest it obv they won't put it asleep in some account in Europe... |
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| Odds are exactly 50%, either happens or it doesnt | |
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Edjon Netherlands. Oct 11 2008 10:35. Posts 1579 | | |
| | On October 11 2008 09:02 Sheitan wrote:
What do you think they do with a large sum of money ? Invest it obv they won't put it asleep in some account in Europe... |
that is what I am afraid of... |
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KH dnalnif. Oct 11 2008 11:17. Posts 18 | | |
| | On October 11 2008 09:35 Edjon wrote:
Show nested quote +
On October 11 2008 09:02 Sheitan wrote:
What do you think they do with a large sum of money ? Invest it obv they won't put it asleep in some account in Europe... |
that is what I am afraid of...
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This is done by pretty much anything you can deposit your money into and there's always the risk of them going broke.
I wouldn't be withdrawing my money from a Poker site because of it, though. |
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SKoT United States. Oct 11 2008 12:43. Posts 1768 | | |
I dont think they would invest it, PS doesnt seem too stupid
a high-interest money holding account sounds about right though |
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Edjon Netherlands. Oct 11 2008 12:46. Posts 1579 | | |
like icesave |
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tokeweed Philippines. Oct 11 2008 12:48. Posts 2149 | | |
because of this crisis and with all that money, they are gonna acquire a couple of poker sites to increase their player base... just wait and see, FTP is gonna do the same too. |
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Icesave  |
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| Mig hefur alltaf langað til að vitna í sjálfan mig - Ég sjálfur | |
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Ket  United Kingdom. Oct 11 2008 13:17. Posts 8665 | | |
LOL iceland is so fuckkkkeddddddd, im surprised you still have a working internet connection sir, is there anarchy in the streets yet? |
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Internet is now a scarce luxury and only the rich and famous enjoy hot meals and gasoline...The rest fight for whatever crumbs that fall of the rich ones table...
I'm one of the lucky ones since I had a bankroll, the value of the dollar has doubled in the last 2 weeks (seriously...doubled) so I'm doing good...
This is a seriously fucked up situation lol...running out of time now so I can't describe it properly...but it's fucked lol. |
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| Mig hefur alltaf langað til að vitna í sjálfan mig - Ég sjálfur | |
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JoeDeertay United States. Oct 11 2008 14:05. Posts 1730 | | |
lol we were talking about Iceland in my econ class on friday and the prof summarized the situation by saying that the people of Iceland are "back to fishing" haha. |
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| Variance has a big brother named doomswitch. - edzwoo | |
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SIG1 United States. Oct 11 2008 14:13. Posts 651 | | |
| | On October 11 2008 13:05 JoeDeertay wrote:
lol we were talking about Iceland in my econ class on friday and the prof summarized the situation by saying that the people of Iceland are "back to fishing" haha. |
lolol... y am i laughing at this... |
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Sheitan Canada. Oct 11 2008 14:32. Posts 4217 | | |
yo wtf is up with Iceland did i miss something ? |
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| Odds are exactly 50%, either happens or it doesnt | |
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bane United States. Oct 11 2008 15:48. Posts 2379 | | | |
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This is a bid harsh...
The Icelandic government is not going bankrupt at all...
But the 3 leading banks pretty much are...and they are about 11 times bigger than the Icelandic GDP...
On a sidenote, the Gordon Brown is a huge idiot that's kicking us while lying down, trying to use the situation to gain political favor...fucking douchebag..
At times like it's sic weird studying business and economics in the university lol...my teacher was almost in tears yesterday talking about the situation, the main line being "I don't know what to say, what we're experiencing right now is something that isn't in any textbook there is..."
weird shit...
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| Mig hefur alltaf langað til að vitna í sjálfan mig - Ég sjálfur | |
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Roald Tuvalu. Oct 11 2008 17:33. Posts 2683 | | |
my uncle has a savings account in Iceland and the money has been frozen for quite some time now.
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| drugs, animals, children are welcome -Xavier | Last edit: 11/10/2008 17:36 |
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